Risk factor
Limited trading liquidity
Profitability factor
Very favourable analyst view
About
RHI Magnesita India Limited, headquartered in Gurugram, India, and established in 2010, specializes in the production and distribution of advanced refractory materials. Their comprehensive offerings include monolithics, bricks, and ceramic paper, primarily catering to the Indian iron and steel industry. Beyond this foundational sector, the company's products are also crucial for various other industries, such as cement, nonferrous metals, glass, environmental and energy, foundries, and paper and pulp. The company's diverse product portfolio features specialized items essential for continuous casting, including isostatically pressed refractories, slide gate plates, various nozzles (such as tundish nozzles), well blocks, and advanced purging refractories and lances. Additionally, they provide slag arresting darts, basic spray mass for tundish linings, castables, alumina bricks, and magnesia carbon bricks. Management services are also part of their offerings. Operating as a subsidiary of Dutch US Holding B.V., RHI Magnesita India Limited was previously known as Orient Refractories Limited until its name change in July 2021. The company maintains a strong global footprint, exporting its products to approximately 70 countries worldwide.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is reasonably priced on P/E, of fair value on E
Target Price
The average target price of RHIM.NS is 651 and suggests 75.3% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in