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Rhetan TMT Ltd

RHETAN

Rhetan TMT Ltd

RHETAN
MaterialsMetals - Diversified
SmallcapWith a market cap of ₹1,729 cr, stock is ranked 1,227
High RiskStock is 3.73x as volatile as Nifty
21.550.28% (-0.06)
21.550.28% (-0.06)

Price Chart

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1W
1M
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1D
1W
1M
1Y
5Y
Max
SIP
MaterialsMetals - Diversified
SmallcapWith a market cap of ₹1,729 cr, stock is ranked 1,227
High RiskStock is 3.73x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Bad

The stock is in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

MaterialsMetals - Diversified
SmallcapWith a market cap of ₹1,729 cr, stock is ranked 1,227
High RiskStock is 3.73x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
313.8319.42
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.003.521.32%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Rhetan TMT Ltd manufactures Thermo Mechanically Treated (TMT) bars and round bars for civil engineering projects, ensuring high-quality construction materials.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue20.0852.1367.0486.9465.2254.75
Raw Materialssubtract19.3247.4067.1577.4654.7545.06
Power & Fuel Costsubtract1.112.401.451.461.46
Employee Costsubtract0.541.151.041.211.04
Selling & Administrative Expensessubtract0.160.350.300.340.53
Operating & Other expensessubtract-1.69-0.81-7.51-2.63-0.05
Depreciation/Amortizationsubtract0.240.470.470.660.720.98
Interest & Other Itemssubtract0.300.981.271.301.531.59
Taxes & Other Itemssubtract0.690.050.531.731.381.61
EPS-0.000.000.000.000.050.07
DPS0.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
MaterialsMetals - Diversified

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Rhetan TMT Ltd447.9819.42
Vedanta Ltd43.144.356.00%
NLC India Ltd19.731.891.14%
Mishra Dhatu Nigam Ltd77.545.400.37%

Price Comparison

Compare RHETAN with any stock or ETF
Compare RHETAN with any stock or ETF
RHETAN
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding62.12%0.00%0.00%0.15%37.73%

Sep 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

Dec '22MarSepMarJunSep0.55%0.55%0.54%0.37%0.00%0.15%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

RHETAN has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

Hmm, looks like data is unavailable here. Please come back after some time
News & Opinions
Earnings
Rhetan TMT standalone net profit rises 233.82% in the September 2024 quarter

Net profit of Rhetan TMT rose 233.82% to Rs 2.27 crore in the quarter ended September 2024 as against Rs 0.68 crore during the previous quarter ended September 2023. Sales declined 52.72% to Rs 4.95 crore in the quarter ended September 2024 as against Rs 10.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4.9510.47 -53 OPM %63.2310.03 - PBDT2.730.69 296 PBT2.490.68 266 NP2.270.68 234 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Rhetan TMT schedules board meeting

Rhetan TMT will hold a meeting of the Board of Directors of the Company on 9 October 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Board of Rhetan TMT decides to explore opportunities for strategic acquisitions

The Board of Rhetan TMT at its meeting held on 20 September 2024 has decided to explore opportunities to strengthen its position in the steel industry through strategic acquisitions. To kick-start this process, it will be entering into initial non-commitment agreements with targeted companies, allowing the Company to conduct due diligence. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Board of Rhetan TMT approves 2 MW solar power project for captive consumption

The Board of Rhetan TMT at its meeting held on 20 September 2024 has approved the establishment of a solar power plant with a capacity of up to 2 MW. This facility will occupy an area of approx 20,000 square meters and will be located in the village of Untarda, Taluka Bayad, District Aravalli. A Letter of Intent (LOI) has already been executed to initiate this project. The Company will proceed to submit an application to the Gujarat Energy Development Agency (GEDA) to secure the necessary approvals. Following this, a Technical Feasibility Report (TFR) will be obtained to assess the project's viability. Subsequently, a lease agreement for the designated property will be executed to facilitate the development of the solar power plant. The solar power plant is designed specifically for captive consumption at the TMT Bars factory in Kadi, Gujarat.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Rhetan TMT to hold board meeting

Rhetan TMT will hold a meeting of the Board of Directors of the Company on 20 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Rhetan TMT postpones board meeting

Rhetan TMT has postponed the meeting of the Board of Directors which was scheduled to be held on 5 September 2024. The meeting will now be held on 10 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Rhetan TMT to convene AGM

Rhetan TMT announced that the 40th Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Rhetan TMT standalone net profit rises 6.58% in the June 2024 quarter

Net profit of Rhetan TMT rose 6.58% to Rs 0.81 crore in the quarter ended June 2024 as against Rs 0.76 crore during the previous quarter ended June 2023. Sales declined 20.37% to Rs 19.35 crore in the quarter ended June 2024 as against Rs 24.30 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales19.3524.30 -20 OPM %8.536.26 - PBDT1.261.16 9 PBT1.010.95 6 NP0.810.76 7 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Rhetan TMT to declare Quarterly Result

Rhetan TMT will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live