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India
Reported ownership for FY2027-Q1 as of 2026-06-30.
As of 06 Nov 2026, 03:30 pm
The Board Meeting to consider unaudited financial results for the quarter ended September 2026 (Q2 FY27) is scheduled for 13 November 2026. Following this, an Investors’ Conference Call with analysts and institutional investors will be held on 14 November 2026 at 11:00 a.m. (IST). Management, including MD & CEO Mr. Pankaj Malhan and CFO Mr. Azim Syed, will discuss operational and financial performance for Q2 and H1 FY27.
As of 6 November 2026, the stock closed at ₹360.00. Immediate resistance is noted at ₹364.33 (pivot), with support near ₹354.70. The daily trend is bearish, with the stock down -20.8% year-to-date and -23.4% over the past year. Conversely, the monthly trend remains bullish. The stock has experienced a maximum drawdown of -37.4% and currently trades in a -32.5% drawdown from its peak.
Yes. InCred Equities identified RHIM Magnesita India as one of five top stock picks for Samvat 2083. The brokerage forecasts a potential upside of approximately 35% based on its target prices, citing specific operational improvements, market expansion opportunities, and business model transitions as drivers for this recommendation.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q4 FY2026 and comparative quarterly trends.
| Metric | Q4 FY2025-26(Latest) | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 | Q4 FY2024-25 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹932.26 crore | PEAK₹1,092.01 crore | ₹1,035.36 crore | ₹960.32 crore | ₹917.97 crore |
| Profit Before Tax | -₹503.03 crore | PEAK₹83.55 crore | ₹51.78 crore | ₹47.93 crore | ₹37.83 crore |
| Other Expenses | PEAK₹200.77 crore | ₹188.21 crore | ₹186.48 crore | ₹170.74 crore | ₹173.20 crore |
| Tax Expense | ₹15.08 crore | PEAK₹21.99 crore | ₹13.43 crore | ₹12.66 crore | ₹1.65 crore |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | ₹-25.09 per share | PEAK₹2.99 per share | ₹1.85 per share | ₹1.71 per share | ₹1.75 per share |
| Diluted Earnings Loss Per Share From Continuing And Discontinued Operations | ₹-25.09 per share | PEAK₹2.99 per share | ₹1.85 per share | ₹1.71 per share | ₹1.75 per share |
The company recorded a tax expense of ₹15 crore in Q4 despite the pre-tax loss of ₹503 crore. In the previous quarter, tax expense was ₹22 crore on a pre-tax profit of ₹84 crore. A tax charge on a large loss is unusual and may indicate deferred tax adjustments or non-deductible expenses.
Basic and diluted earnings per share were identical in every quarter, including the loss-making fourth quarter (both ₹-25.09 per share). This indicates that no dilutive equity instruments were outstanding during the reported periods.
The quarter’s financial performance is dominated by a pre-tax loss of ₹503 crore, driven by an unidentified expense of approximately ₹722 crore that is not explained by the reported cost items. Combined with an unusual tax charge on a loss and essentially flat year-over-year revenue, the results obscure the underlying business trends that were evident in the earlier part of the year.
Disclosed bulk and block transactions involving RHI Magnesita India, shown for the latest 90 days.
Exchange disclosures and regulatory announcements for RHI Magnesita India.
RHI Magnesita India Limited has scheduled an Investors’ Conference Call for Saturday, 14 November 2026, at 11:00 a.m. (IST) to discuss operational and financial performance for the quarter and half year ended 30 September 2026 (Q2 & H1 FY27). The call follows the Board Meeting held on 28 October 2026, which considered the unaudited financial results. Management participants include Managing Director & CEO Mr. Pankaj Malhan and CFO & CIRO Mr. Azim Syed.
RHI Magnesita India Limited scheduled a virtual group conference call with analysts and investors for 11:00 on 14 November 2026. The “Q2FY27 Post Results Conference Call” is for earnings/quarterly discussion of Q2 results.
RHI Magnesita India Limited has informed the Exchange about Board Meeting to be held on 13-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation
Financial Results |Meeting Date: 13-Nov-2026
Board Meeting Intimation |Meeting Date: 13-Nov-2026
AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 56.07 | PUBLIC_VAL: 43.93 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 14-Oct-2026 | REVISION_DT: -
RHI Magnesita India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
Recent market and company developments associated with RHI Magnesita India.
InCred Equities has identified five stocks for potential investment during Samvat 2083, forecasting an average upside of approximately 36% based on its target prices. The brokerage's top picks include Artemis Medicare with a projected 46% gain, CarTrade Tech at 41%, RHI Magnesita India at 35%, Rolex Rings at 33%, and Lemon Tree Hotels at 23%. These recommendations are attributed to specific operational improvements, market expansion opportunities, and business model transitions cited by the firm.
RHI Magnesita India expands with local R&D, automation, and circular-economy focus to deliver tech-driven, cost-saving refractory solutions.
Traders are watching the 23,300 zone closely as subdued volatility contrasts with continued weakness in the benchmark index
The Indian stock market closed lower on Tuesday, with profit-taking affecting investor sentiment. Adani Group companies resolved their SEBI adjudication issues tied to potential infractions. Focus turned to oil marketing firms in light of a sharp fall in crude oil prices. Persistent Systems expanded its stake in Nagarro, eyeing a potential delisting, alongside numerous companies announcing expansion and corporate milestones.
Dalmia Bharat Refractories sold 2.29 crore RHI Magnesita India shares, or 11.11% of equity, through a Rs 826 crore block deal at Rs 360 apiece. SBI Mutual Fund led purchases, while RHI Magnesita shares gained 3.04% to Rs 379.20.
SBI Mutual Fund led the buyers with an 8.07% stake worth about ₹600 crore, while Bandhan MF, Nippon India MF and Clarus Capital also picked up shares in the block deal.
RHI Magnesita India Ltd witnessed volume of 107.33 lakh shares by 14:14 IST on NSE, a 58.43 times surge over two-week average daily volume of 1.84 lakh shares
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Comprehensive Section Breakdown for RHI Magnesita India
Strategic Vision: Manufactures and supplies refractory products, systems, and services.
• Provider of specialized heat-resistant materials for high-temperature industrial processes.
• Offers integrated services including design, installation, and maintenance of refractory systems.
In the fourth quarter of its fiscal year, RHI Magnesita India reported a pre-tax loss of ₹503 crore, a sharp reversal from the steadily increasing profits of the first three quarters. Revenue declined 14.6% from the previous quarter, but that drop does not explain the loss’s magnitude. The reported operating costs would have produced a profit; instead, an unidentified expense of approximately ₹722 crore drove the quarter’s result. The company also recorded a tax expense despite the loss, and basic and diluted earnings per share remained identical throughout the year.
Revenue from operations rose sequentially through the first three quarters—from ₹960 crore in Q1 to ₹1,035 crore in Q2 and ₹1,092 crore in Q3—then fell sharply to ₹932 crore in Q4. The Q4 figure was only 1.6% higher than the same quarter a year earlier, essentially flat on a year-over-year basis.
Profit before tax (PBT) followed a similar but steeper pattern: it grew from ₹48 crore in Q1 to ₹52 crore in Q2 and ₹84 crore in Q3, then collapsed to a loss of ₹503 crore in Q4. The swing from Q3 alone was ₹587 crore. The revenue decline of ₹160 crore was far too small to cause such a dramatic profitability reversal, pointing to a significant cost or charge elsewhere.
For Q4, total income (revenue of ₹932 crore plus other income of ₹25 crore) was ₹957 crore. The sum of the reported cost items—cost of materials consumed (₹385 crore), employee benefits (₹102 crore), depreciation (₹51 crore), and other expenses (₹201 crore)—was ₹738 crore. These costs would imply a profit of ₹219 crore. The actual pre-tax loss of ₹503 crore indicates an additional expense of approximately ₹722 crore that is not accounted for by these cost lines.
This gap is the dominant feature of the quarter. The vast majority of the Q4 loss originates from this unidentified charge, not from changes in core operating revenue or the routinely reported cost categories.
Category: Manufacturing
The company produces shaped refractories like bricks and blocks, and unshaped refractories such as mixes and mortars.
Category: B2B Services
RHIM India provides lining design, installation, maintenance, and monitoring services to optimize furnace performance and refractory service life.
Core Thesis: The company provides essential heat-resistant materials and related services to high-temperature manufacturing industries.
• Product Manufacturing: Produces a range of shaped and unshaped refractory products including magnesia and alumina-based bricks, and flow control products. • Service Provision: Offers industrial application services such as lining design, installation, maintenance, and monitoring to clients. • Market Focus: Primarily serves the steel, cement, non-ferrous metals, and glass industries with specialized refractory solutions.