MarketFriction

Rhetan TMT Ltd

NSE RHETAN · BSE 543590 · Iron & Steel Products
₹16.64 -4.97%
NSE close2026-10-01
52 week range14.42 - 34.87
Market cap₹1,328 Cr.
P/E105
Price band 5% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue from operations10.4712.1117.8919.354.956.386.495.044.766.158.494.06
Operating costs9.4210.2916.5717.701.824.159.514.433.663.765.954.72
EBITDA1.051.821.321.653.132.23-3.020.611.102.392.54-0.66
EBITDA margin %10.03%15.03%7.38%8.53%63.23%34.95%-46.53%12.10%23.11%38.86%29.92%-16.26%
Depreciation & amortisation0.010.220.180.250.240.26-0.150.140.140.140.140.15
Finance costs0.360.430.380.390.400.400.370.390.380.340.320.33
Non-operating income-0.00-0.000.44-0.00-0.000.013.420.682.453.172.224.45
Pre-tax profit0.681.171.201.012.491.580.180.763.035.084.303.31
Effective tax rate %-0.00%11.97%20.00%19.80%8.84%12.03%-166.67%-0.00%5.28%12.60%48.37%4.53%
Profit after tax0.681.030.960.812.271.390.480.762.874.452.223.16
Earnings per share (Rs)0.010.010.010.010.030.020.010.010.040.060.030.04
Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue from operations-0-0-0-02052678665372423
Operating costs20001950627858331818
EBITDA-2-0-0-012587475
EBITDA margin %2.9%3.0%7%10%11%11%28%23%
Depreciation & amortisation-0-0-0-000011111
Finance costs-0-0-0-001112221
Non-operating income-0-000000102912
Pre-tax profit-2-0-0-00037531316
Effective tax rate %-0%-0%-0%627%28%18%24%26%9%22%
Profit after tax-2-0-0-0-1025431013
Earnings per share (Rs)-0.390.030.050.070.050.040.130.17
Paid out as dividend %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR%-14%-34%3%
Profit CAGR%140%24%159%
Share price CAGR%%20%-22%
Average return on equity%7%6%10%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)444449989171616
Capital work in progress-0-0-0-0-0-0-0-0-0-026
Investments011111111137
Current & other assets4765220305010396103136
Total assets81111107304059112114124165
Share capital0.120.120.120.120.124111380808080
Reserves & surplus3111-0-3-310591429
Total debt411119724252618172342
Other liabilities & provisions0000066998714
Equity + liabilities81111107304059112114124165
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow-12-7-14-441451
Investing cash flow-2-0-0-1-9-4-9
Free cash flow (after capex)-14-7-15-4553-3
Financing cash flow1471445-4-27
Net change in cash00-001-1-0
Cash conversion (OCF / EBITDA) %-2,055%-442%-303%-520%214%139%66%
Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %-26%-1%-0%-0%4%10%11%6%4%11%
Receivable days13498120115130224365
Inventory days197981521612414881,432
Payable days1093831283057180
Cash cycle (days)2221582412483416561,617
Working capital days80781503343797181,409
Mar 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %62.11%62.11%62.11%62.11%62.11%62.11%62.11%62.11%62.11%62.11%62.11%62.11%
Foreign investors %0.55%0.54%0.37%0.00%0.15%0.00%0.00%0.00%0.00%0.63%0.86%0.34%
Retail & others %37.33%37.34%37.51%37.88%37.72%37.88%37.88%37.89%37.87%37.24%37.01%37.53%
Shareholder count2955571,10255,43279,1471,04,1121,01,44594,09187,94782,04778,10576,501

Fundamentals

Market value₹ 1,328 Cr.
Last price₹ 16.7
P/E (trailing)105
Book value / share₹ 1.36
Return on capital11.0 %
Return on equity10.2 %
Dividend yield0.00 %
Face value₹ 1.00
Revenue CAGR (TTM)3%
Profit CAGR (TTM)159%
Standalone figures.
Valuation
Market capRs 1,326 Cr
Enterprise valueRs 1,368 Cr
P/E (TTM)104.41x
Price to book12.21x
Price to sales56.52x
EV / EBITDA77.45x
EV / EBIT80.04x
EV / sales58.30x
Price to cash flow989.55x
Earnings yield0.96%
P/E, 3-year average265.81x
P/B, 3-year average13.23x
P/E, 5-year average253.75x
P/B, 5-year average13.39x
Profitability
Operating margin (excl. other income)27.62%
Operating margin (incl. other income)62.48%
EBITDA margin75.28%
Pre-tax margin67.01%
Net profit margin54.13%
Net margin, latest quarter77.83%
ROE10.17%
ROCE11.00%
ROA7.14%
ROE, 3-year average6.00%
ROCE, 3-year average7.32%
ROA, 3-year average4.39%
ROE, 5-year average8.50%
ROCE, 5-year average8.57%
ROA, 5-year average4.84%
ROIC (approx.)8.88%
Tax rate21.79%
Other income / net worth7.84%
Growth
Sales growth (latest year)-34.23%
Profit growth (latest year)232.26%
Sales CAGR, 3 years-34.26%
Sales CAGR, 5 years-14.05%
Profit CAGR, 3 years23.86%
Profit CAGR, 5 years139.76%
Sales growth QoQ-52.18%
Profit growth QoQ42.34%
Sales growth YoY (latest quarter)-19.44%
Profit growth YoY (latest quarter)315.79%
Per share
EPS (TTM)Rs 0.16
EPS (latest year)Rs 0.13
EPS (latest quarter)Rs 0.04
EPS, 3-year averageRs 0.07
EPS, 5-year averageRs 0.41
Book value per shareRs 1.36
Sales per shareRs 0.29
Cash flow per shareRs 0.02
Efficiency
Asset turnover0.15x
Fixed asset turnover1.53x
Inventory turnover0.31x
Inventory days1165 days
Debtor days365 days
Debtors turnover1.00x
Leverage
Total debtRs 42 Cr
Cash and bankRs 0 Cr
Net debtRs 42 Cr
Debt to equity0.39x
Net debt / EBITDA2.37x
Interest coverage12.47x
Current ratio (filing 2026-03-31)4.25x
Quick ratio (filing 2026-03-31)2.50x
Trade payables (filing 2026-03-31)Rs 6 Cr
Owners' fund to total sources65.78%
Debt to assets25.51%
Cash flow
Operating cash flow (latest year)Rs 1 Cr
Investing cash flow (latest year)Rs -9 Cr
Financing cash flow (latest year)Rs 7 Cr
Sales to cash flow18.24x
Statement figures
Net sales (TTM)Rs 23 Cr
Net sales (latest year)Rs 24 Cr
Sales (latest quarter)Rs 4 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 18 Cr
PBDT (TTM)Rs 16 Cr
Profit before tax (TTM)Rs 16 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 10 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 33 Cr
Share capitalRs 80 Cr
ReservesRs 29 Cr
Shareholders' fundsRs 109 Cr
Total assetsRs 165 Cr
Net blockRs 16 Cr
Capital work in progressRs 6 Cr
InvestmentsRs 7 Cr
ReceivablesRs 24 Cr
InventoryRs 51 Cr
Other liabilitiesRs 14 Cr
Shares outstanding (crore)79.69
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 104.4 is at the 2th percentile of its own 3.7-year range (median 232.3, low 84.5, high 385.8).
P/B 12.21 is at the 30th percentile (median 15.20).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRHETANNifty 50Difference
1 week+4.3%-2.8% +7.0 pts
1 month-13.0%-6.8% -6.2 pts
3 months-38.4%-7.6% -30.8 pts
6 months-31.3%+0.4% -31.7 pts
3 years+72.4%+14.2% +58.3 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 7% vs sales -34% in 2026
lookInventory outrunning sales Inventory grew 28% vs sales -34% in 2026
lookProfit leans on other income Other income was 65% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹4 Cr -19.4% vs Jun 2025. Net profit ₹3 Cr +315.8%.
Against our estimate for Jun 2026: sales -29.1%, profit +27.7% beat. Our estimate for Sep 2026: sales Rs 5 Cr, profit Rs 3 Cr (how).

Activity

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DateClientSideQtyPrice
2026-09-28Shivam Virendra SharmaSELL5,100,00014.44
2026-09-28Rathod YuvrajsinhSELL6,910,35314.44
2026-09-28Prijal Tradefin LlpSELL4,100,00015.14
2026-09-28Prijal Tradefin LlpBUY4,200,00014.66
2026-09-28Panchal Hiren JagdishbhaiSELL8,000,00014.51
2026-09-28Jagid Vanitaben RajendraprasadSELL10,497,21115.56
2026-09-28Jagid Vanitaben RajendraprasadBUY9,430,26014.71
No corporate actions on record.
DateTypeWhat it says
2026-09-25General UpdatesGeneral Updates on receiving confirmation for procurement of TMT bars from the Company
2026-09-16Director changeChange in Director(s) of the company.
2026-09-16AppointmentRe-appointment of Mr. Shalin Ashok Shah (DIN: 00297447) as Managing Director of the company w.e.f. August 12, 2026.
2026-09-16AppointmentAppointment of M/s GMCA & Co. Chartered Accountants as Other of the company w.e.f. September 16, 2026.
2026-09-16Shareholder meetingVoting results of the same
2026-09-16Shareholder meetingProceedings of 42nd Annual General Meeting held on September 16, 2026 from 3:30 P.m. to 3:47 P.M. through Video Conferencing/ other Audio Visual Mean...
2026-09-05General UpdatesExploring Entry in Corrosion Resistant Steel (CRS) TMT Bars Market
2026-08-25General UpdatesGeneral Updates dispatch of letters to non-email shareholders under Regulation 36(1)(b) of Securities and Exchange Board of India (Listing Obligations...
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 16, 2026
2026-08-19General UpdatesCaptive Solar Power Project Update_19.08.2026
2026-08-12Record DateCut off date for the purpose of determing the eligibility of shareholders for remote e-voting as well as voting at AGM is 09-Sep-2026.
2026-08-12Board meeting outcomeOutcome of Board Meeting held on August 12, 2026 for the approval of unaudited standalone financial results for the quarter ended June 30, 2026 and ot...
2026-08-12General UpdatesGeneral Updates regarding the change of Registered Office of Company within the same city.
2026-08-12General UpdatesGeneral Updates
2026-08-12AppointmentAppointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Non- Executive Independent Director of the company w.e.f. August 12, 2026 for the period of...
2026-08-12Change in ManagementThe reappointment of Mr Shalin Ashok Shah (DIN: 00297447) as the Managing Director of the Company for the further period of five years w.e.f January 0...
2026-08-12AppointmentAppointment of M/s. GMCA & Co., Chartered Accountants as Other of the company w.e.f. August 12, 2026.
2026-08-12Board meeting outcomeRhetan TMT Limited has submitted to the Exchange, the unaudited quarterly financial results for the period ended Jun 30, 2026 and other allied matters...
2026-08-07Director changeChange in Director(s) of the company.
2026-08-07ResignationResignation of Director/KMP/SMP
2026-08-06General UpdatesCaptive Solar Power Project Update_06.08.2026
2026-07-27General UpdatesCaptive Solar Power Project Update
2026-07-27General UpdatesHigher Grade Products Updates
2026-06-06AppointmentAppointment of Mr Tanuj Jain as Company Secretary & Compliance Officer of the company w.e.f. Jun 06, 2026.
2026-06-06Board meeting outcomeOutcome of Board Meeting held on Jun 06, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 75perc in previous 1 monthHigh low price variation greater than 75perc in previous 3 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Rhetan TMT Ltd?

Rhetan TMT Ltd (RHETAN) has a market capitalisation of Rs 1,328 Cr. at the 2026-10-01 close.

What is the P/E ratio of Rhetan TMT Ltd?

Rhetan TMT Ltd trades at a P/E of 105 on trailing twelve-month profit, at the 2026-10-01 close.

What were Rhetan TMT Ltd's latest quarterly results?

In the Jun 2026 quarter, Rhetan TMT Ltd sales was Rs 4 Cr (-19.4% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Rhetan TMT Ltd?

The 52-week high is Rs 34.87 and the 52-week low is Rs 14.42.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03