# RHI Magnesita India (RHIM) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/rhim

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹360
- Change: -0.15%
- As of: 2026-11-06
- 1D return: -0.15%
- 5D return: +3.36%
- 1M return: -1.93%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

RHIM (₹360.00) exhibits a weak daily downtrend with low conviction, trading below all key moving averages and the Supertrend on the daily and weekly charts. While the monthly Supertrend remains bullish, the price is below its monthly MAs, indicating a broader structural shift toward weakness. Recent activity shows high participation without clear direction, highlighted by an extreme volume spike (7.07x ratio) on 2026-11-05 alongside a -0.9% decline. The stock is positioned near the lower end of its 252-day range (+20.9%) and has suffered a significant drawdown (-32.5%). Immediate resistance lies at ₹364.33 (pivot), while support is clustered around ₹354.70. A break above ₹364.33 with sustained volume would be required to challenge the bearish daily structure.

- Trend Structure: Daily and weekly trends are bearish (price below MAs/Supertrend); monthly trend is mixed (price below MAs but above Supertrend).
- Momentum & Participation: ADX is weak (14.29 daily), suggesting lack of strong directional conviction despite recent high-volume anomalies.
- Key Levels: Resistance at ₹364.33 (1.2% above); Support at ₹354.70 (1.47% below).
- Risk Profile: Current drawdown is -32.5% with annualized volatility of +38.2%; price is near the bottom of its yearly range.

- Doji
- Bullish Engulfing Reversal
- Bearish Engulfing Reversal
- Inside Bar

### What Changed

On 2026-11-06, RHI Magnesita India Ltd. (RHIM) was identified as a top investment pick by InCred Equities for the Samvat 2083 period. The brokerage forecasted an upside of approximately 35% for RHIM shares, citing specific operational improvements and market expansion opportunities as drivers for this recommendation. This marks a notable shift in analyst sentiment, positioning RHIM among five selected stocks with an average projected upside of 36%. No other corporate filings or technical changes were reported during this period.

- InCred Equities included RHIM in its 'top bets' list for Samvat 2083 on 2026-11-06.
- The brokerage projected a 35% upside for RHIM based on target prices.
- Recommendations are attributed to cited operational improvements and market expansion opportunities.
- RHIM is one of five stocks selected, with an average portfolio upside of approximately 36%.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)

### Official Filings

RHI Magnesita India Limited has scheduled its Board Meeting for 13 November 2026 to approve unaudited financial results for the quarter and half-year ended 30 September 2026 (Q2 & H1 FY27). Following this, an Investors’ Conference Call is set for 14 November 2026 at 11:00 a.m. (IST), featuring Managing Director & CEO Mr. Pankaj Malhan and CFO & CIRO Mr. Azim Syed. The company also closed its trading window for designated persons on 1 October 2026, reopening 48 hours after the results declaration, in compliance with SEBI insider trading regulations. Shareholding data as of 30 September 2026 shows promoter holding at 56.07% and public holding at 43.93%. Additionally, a change in Directors/KMP/SMP/Auditor/RTA was reported on 1 October 2026.

- Board Meeting on 13-Nov-2026 to approve Q2 & H1 FY27 unaudited financial results.
- Investors’ Conference Call scheduled for 14-Nov-2026 at 11:00 a.m. (IST) with MD & CEO and CFO.
- Trading window closed from 01-Oct-2026 until 48 hours post-results declaration to prevent insider trading.
- Shareholding pattern as of 30-Sep-2026: Promoter 56.07%, Public 43.93%.

- [RHI MAGNESITA INDIA LTD has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RHIM_04112026144234_Intimationofconferencecall.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5649_WebXMLFile_20261104_164812384.xml)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RHIM_28102026170857_IntimationofBoardMeeting.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [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: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737404_14102026112540_WEB.xml)
- [AS ON DATE : 06-OCT-26](https://nsearchives.nseindia.com/annual_reports/AR_32177_RHIM_2025_2026_A_7316508_06102026165521.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_5649_WebXMLFile_20261001_124528951.xml)
- [RHI MAGNESITA INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_5649_WebXMLFile_20260930_172951636.xml)
- [RHI MAGNESITA INDIA LTD has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/RHIM_30092026173309_ClosureofTradingwindow.pdf)

### Fundamentals

RHI Magnesita India’s FY2026 financials reveal a sharp divergence between top-line growth and bottom-line profitability. While sales expanded to ₹4,020 crore in FY2026 from ₹3,674 crore in FY2025, the company reported a net loss of ₹383 crore compared to a profit of ₹203 crore previously. This deterioration is primarily driven by a massive swing in 'Other Income,' which turned negative at -₹529 crore, offsetting an operating profit of ₹443 crore. Quarterly data confirms this volatility: Q4 FY2025-26 saw revenue decline sequentially to ₹932.26 crore and a pre-tax loss of ₹503.03 crore, resulting in an EPS loss of ₹25.09.

Despite these earnings pressures, the balance sheet shows signs of deleveraging and improved cash efficiency. Borrowings decreased from ₹487 crore (Mar 2024) to ₹380 crore (Mar 2025), before rising slightly to ₹448 crore in Mar 2026. Cash flow from operations remained robust at ₹409 crore in FY2026, with the CFO/EBITDA ratio improving to 107%. However, capital allocation has shifted; investments rose to ₹231 crore in Mar 2026, while fixed assets declined significantly to ₹2,128 crore, suggesting asset disposals or write-offs. Return on Capital Employed (ROCE) contracted to 6% in FY2026 from 9% in FY2024. Institutional ownership is shifting, with DIIs increasing their stake to 26.07% in Sep 2026, while FIIs reduced theirs to 3.16%.

- Earnings Volatility: Net profit swung from ₹203 crore profit (FY2025) to ₹383 crore loss (FY2026), driven by Other Income turning negative (-₹529 crore), despite stable operating profits of ₹443 crore.
- Cash Flow Strength: Operating cash flow improved to ₹409 crore in FY2026 (up from ₹373 crore in FY2025), and the CFO/EBITDA ratio reached 107%, indicating strong cash conversion despite accounting losses.
- Balance Sheet Shift: Fixed assets fell sharply to ₹2,128 crore (from ₹2,730 crore in FY2025), while new investments were recorded at ₹231 crore; borrowings stabilized at ₹448 crore after a prior reduction.
- Ownership Change: Domestic Institutional Investors (DIIs) increased their holding to 26.07% in Sep 2026, up from 12.39% in Sep 2024, while Foreign Institutional Investors (FIIs) dropped to 3.16%.

### Bear Case

As of 6 November 2026, RHI Magnesita India Ltd. exhibits significant near-term technical weakness and substantial historical underperformance. The stock closed at ₹360.00, with the daily Supertrend indicating a bearish trend alongside negative slopes for both the 20-day EMA (-1.17) and SMA (-3.74). Momentum indicators show the Minus DI (17.3) approaching the Plus DI (22.72), suggesting weakening bullish control. Over the longer horizon, the stock has suffered a maximum drawdown of -37.4% and is currently down -32.5% from its peak. Year-to-date returns stand at -20.8%, with a one-year return of -23.4%. While the monthly timeframe remains bullish, the immediate weekly and daily trends are bearish, highlighting a disconnect between short-term price action and longer-term structure.

- Daily technicals are bearish: Close at ₹360.00 on 6 Nov 2026, with Supertrend direction 'bearish' and negative slopes for EMA-20 (-1.17) and SMA-20 (-3.74).
- Significant drawdown risk: Current drawdown is -32.5% against a maximum historical drawdown of -37.4%; annualized volatility is +38.2%.
- Persistent underperformance: YTD return is -20.8% and 1-year return is -23.4%, indicating prolonged price depreciation relative to recent history.
- Momentum divergence: Weekly trend is bearish (SMA-20 slope -7.57) while monthly trend remains bullish, creating conflicting time-frame signals.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- [RHI MAGNESITA INDIA LTD has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RHIM_04112026144234_Intimationofconferencecall.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5649_WebXMLFile_20261104_164812384.xml)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RHIM_28102026170857_IntimationofBoardMeeting.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [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: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737404_14102026112540_WEB.xml)
- [AS ON DATE : 06-OCT-26](https://nsearchives.nseindia.com/annual_reports/AR_32177_RHIM_2025_2026_A_7316508_06102026165521.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_5649_WebXMLFile_20261001_124528951.xml)
- [RHI MAGNESITA INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_5649_WebXMLFile_20260930_172951636.xml)

### FAQs

**When is RHIM Magnesita India's next earnings update, and what will be discussed?**

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.

**What are the key technical price levels and recent performance trends for RHIM Magnesita India?**

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.

**Has any brokerage recently highlighted RHIM Magnesita India as a potential investment opportunity?**

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.

- [InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- [RHI MAGNESITA INDIA LTD has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/RHIM_04112026144234_Intimationofconferencecall.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5649_WebXMLFile_20261104_164812384.xml)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [Financial Results |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/RHIM_28102026170857_IntimationofBoardMeeting.pdf)
- [Board Meeting Intimation |Meeting Date: 13-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- [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: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737404_14102026112540_WEB.xml)
- [AS ON DATE : 06-OCT-26](https://nsearchives.nseindia.com/annual_reports/AR_32177_RHIM_2025_2026_A_7316508_06102026165521.pdf)
- [RHI Magnesita India Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA](https://nsearchives.nseindia.com/corporate/xbrl/CIM_5649_WebXMLFile_20261001_124528951.xml)
- [RHI MAGNESITA INDIA LIMITED has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_5649_WebXMLFile_20260930_172951636.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹364.33
- Risk regime: Higher Price Risk

### Support levels
- 354.7
- 343.125
- 333.8

### Resistance levels
- 394.73125
- 420.5
- 430.5844482421875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.15% |
| return_10 | +2.48% |
| return_1m | -3.59% |
| return_1y | -23.40% |
| return_20 | -1.93% |
| return_3m | -12.44% |
| return_5 | +3.36% |
| return_6m | -12.00% |
| return_since_start | -27.68% |
| return_ytd | -20.80% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -37.39% |
| annualized_volatility | +38.22% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Unidentified Expense of ₹722 Crore Drives Pre-Tax Loss Despite Modest Revenue Decline

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 and Profitability Trajectory

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.

## The Unidentified Charge Behind the Loss

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.

## Tax Expense Despite Pre-Tax Loss

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.

## Consistent Earnings Per Share

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.

## Key Takeaway

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.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +56.07%
- FII holding: +3.98%
- DII holding: +14.34%
- Mutual fund holding: +14.11%
- Retail holding: +8.56%
- Promoter pledged: +0.00%

### Major reported shareholders

- DUTCH US HOLDING BV — +40.03% (Bodies Corporate)
- DALMIA BHARAT REFRACTORIES LIMITED — +12.54%
- DUTCH BRASIL HOLDING B.V. — +9.99% (Bodies Corporate)
- VRD AMERICAS B.V. — +6.06% (Bodies Corporate)
- ICICI PRUDENTIAL MANUFACTURING FUND — +3.10%
- AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AX — +2.37%
- BANDHAN SMALL CAP FUND — +1.76%
- INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF — +1.53%
- HDFC TRUSTEE COMPANY LTD. A/C HDFC BALANCED ADVANTAGE FUND — +1.44%
- BAJAJ FINSERV FLEXI CAP FUND — +1.33%

## Official filings

- 2026-11-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_04112026144234_Intimationofconferencecall.pdf)
- 2026-11-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_5649_WebXMLFile_20261104_164812384.xml)
- 2026-10-28 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- 2026-10-28 — Board Meeting Notice: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_28102026170857_IntimationofBoardMeeting.pdf)
- 2026-10-28 — Board Meeting Notice: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_5649_WebXMLFile_20261028_170305382.xml)
- 2026-10-14 — Shareholding Disclosure: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737404_14102026112540_WEB.xml)
- 2026-10-05 — Annual Report: Orient Refractories Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_32177_RHIM_2025_2026_A_7316508_06102026165521.pdf)
- 2026-10-01 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_5649_WebXMLFile_20261001_124528951.xml)
- 2026-09-30 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_5649_WebXMLFile_20260930_172951636.xml)
- 2026-09-30 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_30092026173309_ClosureofTradingwindow.pdf)
- 2026-09-30 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_30092026202320_20260930VotingResultsF.pdf)
- 2026-09-30 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_30092026203942_Appointmentofstatutoryauditor.pdf)
- 2026-09-30 — Management Change: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_30092026205558_AppointmentofMD.pdf)
- 2026-09-29 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_29092026143410_20260929OutcomeofAGM.pdf)
- 2026-09-29 — Regulatory Filing: RHI MAGNESITA INDIA LTD — [Official attachment](https://nsearchives.nseindia.com/corporate/NSE_09292026143718_53632.zip)
- 2026-09-24 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_24092026161134_2976_001_ocred.pdf)
- 2026-09-22 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_22092026150123_Intimation_of_Investor_meet.pdf)
- 2026-09-09 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_09092026120354_Intimation_of_Investor_meet.pdf)
- 2026-09-09 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_09092026120553_Intimation_of_Investor_meet.pdf)
- 2026-09-07 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_07092026144435_merged.pdf)
- 2026-09-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_04092026165412_Intimation_BRSR_F.pdf)
- 2026-09-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_04092026163408_Intimation_AR_F.pdf)
- 2026-09-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_04092026165206_Intimation_AR_F.pdf)
- 2026-09-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_5649_WebXMLFile_20260904_163235377.xml)
- 2026-09-04 — Generic Announcement: RHI MAGNESITA INDIA LIMITED — [Official attachment](https://nsearchives.nseindia.com/corporate/RHIM_04092026230651_Intimation_ocred.pdf)

## News and market events

- 2026-11-05 — Mint: **InCred Equities picks 5 stocks to buy in Samvat 2083, sees up to 46% upside; Artemis, CarTrade Tech among top bets** — 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. — [Source](https://www.livemint.com/market/stock-market-news/incred-equities-picks-5-stocks-to-buy-in-samvat-2083-sees-up-to-46-upside-artemis-cartrade-tech-among-top-bets-11793894473274.html)
- 2026-09-25 — The Hindu: **RHI Magnesita expands India capabilities with local R&D, robotic automation** — RHI Magnesita India expands with local R&D, automation, and circular-economy focus to deliver tech-driven, cost-saving refractory solutions. — [Source](https://www.thehindubusinessline.com/companies/rhi-magnesita-expands-india-capabilities-with-local-rd-robotic-automation/article71508611.ece)
- 2026-09-23 — The Hindu: **Nifty may remain under pressure as FPI selling continues; key levels to watch** — Traders are watching the 23,300 zone closely as subdued volatility contrasts with continued weakness in the benchmark index — [Source](https://www.thehindubusinessline.com/markets/nifty-may-remain-under-pressure-as-fpi-selling-continues-key-levels-to-watch/article71498031.ece)
- 2026-09-23 — Economic Times: **Stocks in news: Adani Group, OMCs, Persistent Systems and IRB Infra** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-adani-group-omcs-persistent-systems-and-irb-infra/articleshow/134416639.cms)
- 2026-09-22 — Economic Times: **RHI Magnesita block deal: Dalmia Bharat refractories divests 11.11% stake for Rs 826 crore; SBI MF, Bandhan MF among buyers** — 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. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/rhi-magnesita-block-deal-dalmia-bharat-refractories-divests-11-11-stake-for-rs-826-crore-sbi-mf-bandhan-mf-among-buyers/articleshow/134415677.cms)
- 2026-09-22 — CNBC-TV18: **RHI Magnesita block deal: Dalmia Bharat Refractories sells 11.11% stake for ₹826 crore** — 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. — [Source](https://www.cnbctv18.com/market/stocks/rhi-magnesita-block-deal-dalmia-bharat-refractories-sells-11-11-pc-stake-for-rs-826-crore-19996064.htm)
- 2026-09-22 — BUSINESS: **Volumes jump at RHI Magnesita India Ltd counter** — 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 — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-rhi-magnesita-india-ltd-counter-126092200662_1.html)
- 2026-08-12 — MONEYCONTROL: **Price Action | Dr Agarwals Health Care, Tenneco Clean Air India slip on block deals; RHI Magnesita falls nearly 5%** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/price-action-dr-agarwals-health-care-tenneco-clean-air-india-slip-on-block-deals-rhi-magnesita-falls-nearly-5-14002428.html)
- 2026-08-11 — CNBC-TV18: **Stocks to Watch for August 12: Auto stocks, Manappuram Finance, NBCC, Larsen & Toubro and more** — From NBCC (India) reporting a 17.2% year-on-year rise in net profit to L&T entering into agreements with its wholly owned subsidiary Vyoma.AI; these are stocks to track ahead of Wednesday trading session. Investors will also keep an eye on Grasim Industries, Astral and Gujarat Fluorochemicals, which are scheduled to announce their Q1 FY27 results tomorrow, August 12. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-12-auto-stocks-manappuram-finance-nbcc-larsen-toubro-and-more-19966808.htm)
- 2026-08-11 — CNBC-TV18: **Q1 Results LIVE Updates: RHI Magnesita profit up 83%, Manappuram Finance NII up 28%** — Q1 Results LIVE Updates: MRF, Ashoka Building, Zydus Life, Bata India, Gokaldas Exports, Balrampur Chini, DAM Capital, EPack Durable, Delta Corp, Finolex Cables, JSW Paints, KPI Green, Landmark Cars, Manappuram Finance, Laxmi Dental, NBCC, RVNL, Senco Gold, Siemens Ltd, TD Power Systems, Venky's, are among the companies reporting their results today. Earnings reactions will come from Vodafone Idea, Bosch, Zee Entertainment, Gland Pharma, among other companies. Watch this space for all the LIVE result updates for Q1. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-vodafone-idea-bosch-mrf-bata-manappuram-nbcc-rvnl-zydus-life-zee-gland-ideaforge-share-price-liveblog-19966154.htm)
- 2026-08-11 — CNBC-TV18: **RHI Magnesita India Q1 profit jumps 83% as margins improve despite higher costs** — Revenue grew just 6%, but operating profit rose 35% as the refractory maker recovered higher input costs and lifted its EBITDA margin to 13.6%. — [Source](https://www.cnbctv18.com/market/earnings/rhi-magnesita-india-q1-profit-jumps-83-as-margins-improve-despite-higher-costs-19966744.htm)

## Business profile

**Strategic vision:** Manufactures and supplies refractory products, systems, and services.

### Business segments
- **Refractory Products:** The company produces shaped refractories like bricks and blocks, and unshaped refractories such as mixes and mortars.
- **Industrial Application Services:** RHIM India provides lining design, installation, maintenance, and monitoring services to optimize furnace performance and refractory service life.

### Competitive strengths
- Provider of specialized heat-resistant materials for high-temperature industrial processes.
- Offers integrated services including design, installation, and maintenance of refractory systems.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/rhim
Markdown representation: https://faxioms.com/stocks/rhim?render=md