Archive · 17 Jun 2025
RHI Magnesita Stock Surges 34% from Lows: Rally Continues?
Imagine a company that makes special bricks for super hot places like steel factories.
Their stock price had a rough time, but it has bounced back up a lot recently!
Experts think it could go up even more.
The company is also working to pay off its debts.
Even though their sales went down a little last year, they hope things will get better with cheaper materials and more demand for their special bricks.
They are aiming for higher profits in the future.
RHI Magnesita India shares have rebounded 34% from their March lows.
The stock is still down 27% from its 52-week high.
Axis Securities maintains a 'Buy' call with a target price of ₹550.
The company reduced net debt to ₹146 crore in FY25.
FY25 revenue decreased by 2.8% YoY due to pricing pressures; EBITDA declined by 12% YoY.
- Who
- RHI Magnesita India, a manufacturer of refractory products, and Axis Securities.
- What
- RHI Magnesita India's stock price has increased significantly after a period of decline.
- When
- The stock rebounded from its March low.
- Where
- India
- Why
- Driven by attractive valuations, improving fundamentals, and positive outlook for the refractory market.
Market Concerns
Analyst Optimism
Stock Performance Outlook
Market Concerns
Pricing pressure in the steel sector led to decreased revenue.
Analyst Optimism
Axis Securities maintains a "Buy" call and anticipates continued upward momentum.
Financial Performance
Market Concerns
Q4 FY25 revenue and EBITDA declined.
Analyst Optimism
The company anticipates improvement with better demand, lower input costs, targeted price hikes, and cost optimization.
- Current Price
- ₹514
- Change from March low
- +34%
- 52-Week High
- ₹702
- FY25 Revenue
- ₹3,674 crore
- FY25 EBITDA
- ₹479 crore
- Net Debt (FY25)
- ₹146 crore
- Brokerage Rating
- Buy