Rhetan TMT Ltd

What does Rhetan TMT Ltd do?

Rhetan TMT Ltd is a Small Cap company in the Iron & Steel Products industry, reporting net sales of 6 Cr and a net profit of 0 Cr for the quarter ending March 2025. It has a market cap of Rs 1,433 Cr and a P/E ratio of 288.00.

Overview:<BR>Rhetan TMT Ltd operates in the Iron & Steel Products industry and is classified as a Small Cap company.<BR><BR>History:<BR>The company was incorporated in 1984 as Shivani Rolling Mills Private Limited and later changed its name to Shree Ghantakarna Rolling Mills Private Limited in 1997. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 6 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 0 Cr (Quarterly Results - Mar 2025) <BR>Market-cap: Rs 1,433 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 288.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.23 <BR>Return on Equity: 5.27% <BR>Price to Book: 15.14 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

What is the bonus history of the Rhetan TMT Ltd?

Rhetan TMT Ltd announced an 11:4 bonus issue with an ex-date and record date of March 10, 2023, allowing eligible shareholders to receive bonus shares.

Rhetan TMT Ltd has a recent bonus history where they announced an 11:4 bonus issue. The ex-date for this bonus was on March 10, 2023, which is also the record date. This means that shareholders on record as of this date were eligible to receive the bonus shares. If you have any more questions about the company or its financial activities, feel free to ask!

Has Rhetan TMT Ltd declared dividend?

No Dividend History Available

Who are the peers of the Rhetan TMT Ltd?

Rhetan TMT Ltd's peers include APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, and others. APL Apollo Tubes shows excellent management and growth, while Rhetan TMT Ltd has below average management risk and capital structure, with a 1-year return of 27.99%.

Peers: The peers of Rhetan TMT Ltd are APL Apollo Tubes, Welspun Corp, Shyam Metalics, Ratnamani Metals, Jindal Saw, Electrotherm(I), Bharat Wire, Hariom Pipe, BMW Industries, and Cosmic CRF.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Shyam Metalics, and Ratnamani Metals, and Average management risk is present at Jindal Saw, Hariom Pipe, and BMW Industries, with Rhetan TMT Ltd and Bharat Wire showing Below Average management risk. Excellent growth is noted at APL Apollo Tubes and Hariom Pipe, while Average growth is found at Shyam Metalics, Ratnamani Metals, and Rhetan TMT Ltd, with Good growth at Bharat Wire and Below Average growth at Welspun Corp and Jindal Saw. Excellent capital structure is seen at APL Apollo Tubes, Shyam Metalics, and Ratnamani Metals, while Good capital structure is present at Welspun Corp and Cosmic CRF, with Below Average capital structure at Rhetan TMT Ltd, Jindal Saw, Bharat Wire, and BMW Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 68.79%, while Jindal Saw has the lowest at -22.99%. Rhetan TMT Ltd's 1-year return of 27.99% is higher than Jindal Saw's but lower than Welspun Corp's. Additionally, the peers with negative six-month returns include Ratnamani Metals, Jindal Saw, Bharat Wire, Hariom Pipe, and BMW Industries.

Is Rhetan TMT Ltd overvalued or undervalued?

As of May 29, 2024, Rhetan TMT Ltd is considered very expensive with a PE ratio of 289.13, significantly higher than its peers, despite a 33.41% return over the past year, indicating it is overvalued compared to industry norms.

As of 29 May 2024, the valuation grade for Rhetan TMT Ltd has moved from does not qualify to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, with a PE ratio of 289.13, an EV to EBITDA of 365.05, and a Price to Book Value of 15.23, all of which are substantially higher than industry norms. <BR><BR>In comparison to its peers, Rhetan TMT Ltd's PE ratio is dramatically higher than Shankara Building Products Ltd, which stands at 29.29, and Ramco Industries Ltd, with a PE of 12.64, both of which are categorized as attractive. Additionally, the company's return over the past year has outperformed the Sensex, with a gain of 33.41% compared to the Sensex's 7.55%, but this does not mitigate the overvaluation indicated by its ratios.

Who are in the management team of Rhetan TMT Ltd?

As of March 2022, the management team of Rhetan TMT Ltd includes Shalin A Shah (Managing Director), Ashok C Shah (Non-Executive Director), Twinkle Chheda (Non-Executive & Independent Director), Payal Pandya (Company Secretary), and Rushabh Shah (Non-Executive & Independent Director).

As of March 2022, the management team of Rhetan TMT Ltd includes the following individuals:<BR><BR>1. Shalin A Shah - Managing Director<BR>2. Ashok C Shah - Non Executive Director<BR>3. Twinkle Chheda - Non-Executive & Independent Director<BR>4. Payal Pandya - Company Secretary<BR>5. Rushabh Shah - Non-Executive & Independent Director<BR><BR>These members play various roles within the company's governance and management structure.

Who are the top shareholders of the Rhetan TMT Ltd?

The top shareholder of Rhetan TMT Ltd is Ashoka Metcast Limited, holding 55.52% of shares, with no pledged promoter holdings. The highest public shareholder is Akhil Retail Private Limited at 6.73%, while individual investors collectively own 14.68%.

The top shareholders of Rhetan TMT Ltd are primarily the promoters, with Ashoka Metcast Limited holding the largest share at 55.52%. There are no pledged promoter holdings, and mutual funds and foreign institutional investors do not hold any shares in the company. The highest public shareholder is Akhil Retail Private Limited, which owns 6.73% of the shares. Additionally, individual investors collectively hold 14.68% of the company's shares.

How big is Rhetan TMT Ltd?

As of 24th July, Rhetan TMT Ltd has a market capitalization of 1,377.00 Cr, with Net Sales of 37.17 Cr and a Net Profit of 4.95 Cr reported in the latest four quarters. Shareholder's Funds are 89.03 Cr and Total Assets are valued at 114.12 Cr as of March 2024.

As of 24th July, Rhetan TMT Ltd has a market capitalization of 1,377.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Rhetan TMT Ltd reported Net Sales of 37.17 Cr and a Net Profit of 4.95 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 89.03 Cr and Total Assets valued at 114.12 Cr.

How has been the historical performance of Rhetan TMT Ltd?

Rhetan TMT Ltd has shown fluctuating financial performance over the past five years, with a decline in net sales and profits, but recent signs of recovery include an increase in profit after tax and improved cash flow from operating activities. Total assets and liabilities have also grown during this period.

Answer:<BR>The historical performance of Rhetan TMT Ltd shows a fluctuating trend in net sales and profits over the past five years, with a notable decline in recent years.<BR><BR>Breakdown:<BR>Rhetan TMT Ltd's net sales have decreased from 86.02 Cr in Mar'23 to 37.16 Cr in Mar'25. The total operating income followed a similar trend, dropping from 86.02 Cr in Mar'23 to 37.16 Cr in Mar'25. The raw material costs also decreased from 77.46 Cr in Mar'23 to 36.29 Cr in Mar'25, while total expenditure excluding depreciation fell from 77.84 Cr in Mar'23 to 33.18 Cr in Mar'25. Operating profit (PBDIT) showed a decline from 9.10 Cr in Mar'23 to 7.41 Cr in Mar'25, with profit before tax remaining relatively stable at 5.26 Cr in Mar'25 compared to 5.25 Cr in Mar'24. Profit after tax increased from 3.87 Cr in Mar'24 to 4.95 Cr in Mar'25, indicating some recovery. The company's total assets grew from 112.50 Cr in Mar'23 to 123.50 Cr in Mar'25, while total liabilities increased from 112.50 Cr to 123.50 Cr in the same period. Cash flow from operating activities improved to 4.00 Cr in Mar'25 from -44.00 Cr in Mar'23, reflecting a positive shift in cash generation. Overall, Rhetan TMT Ltd has experienced significant fluctuations in its financial performance, with recent signs of stabilization and recovery in certain areas.

Is Rhetan TMT Ltd technically bullish or bearish?

As of December 4, 2025, the technical trend is bullish, supported by strong indicators like the weekly MACD and Bollinger Bands, despite some mildly bearish signals from the KST and Dow Theory.

As of 4 December 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish. Daily moving averages also confirm a bullish trend. Although the KST is mildly bearish on the weekly timeframe and Dow Theory shows a mildly bearish stance, the overall strength of the bullish indicators, especially in the context of recent price performance, outweighs these concerns. The stock has shown strong returns compared to the Sensex over various periods, further reinforcing the bullish outlook.

When is the next results date for Rhetan TMT Ltd?

Rhetan TMT Ltd will declare its results on 12 February 2026.

Rhetan TMT Ltd will declare its results on 12 February 2026.

Are Rhetan TMT Ltd latest results good or bad?

Rhetan TMT Ltd's latest results show a significant net profit increase of 277.63% to ₹2.87 crores, but revenue declined by 5.56% to ₹4.76 crores, raising concerns about sustainability due to reliance on non-operating income. Overall, the results are mixed, indicating potential challenges ahead for investors.

Rhetan TMT Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net profit for Q2 FY26, reaching ₹2.87 crores, which is a remarkable 277.63% increase quarter-on-quarter. Additionally, the PAT margin improved to 60.29%, up 45.21 percentage points from the previous quarter, indicating enhanced profitability.<BR><BR>However, this positive profit growth is somewhat overshadowed by a decline in revenue, which fell to ₹4.76 crores, a decrease of 5.56% from the previous quarter and a 3.84% drop year-on-year. This revenue contraction is part of a troubling trend, with half-yearly sales down 59.67% compared to the same period last year.<BR><BR>Moreover, a significant portion of the profit came from other income, which accounted for 80.86% of profit before tax. This raises concerns about the sustainability of the earnings, as the core operational performance remains weak.<BR><BR>Overall, while the profit figures are impressive, the ongoing revenue decline and heavy reliance on non-operating income suggest that the results are not entirely positive. Investors should be cautious and consider the underlying challenges the company faces.

Should I buy, sell or hold Rhetan TMT Ltd?

Why is Rhetan TMT Ltd falling/rising?

As of 16-Mar, Rhetan TMT Ltd's stock price is rising to 25.00, reflecting a 2.04% increase. This rise is driven by strong recent financial performance, increased institutional investor participation, and outperformance relative to its sector, despite some long-term fundamental concerns.

As of 16-Mar, Rhetan TMT Ltd's stock price is rising, currently at 25.00, reflecting a change of 0.5 or 2.04% increase. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 5.42% today, indicating strong relative performance despite a broader decline in the construction material sector, which has fallen by 3.6%. Additionally, the company has shown positive financial results, with the highest quarterly PBDIT, PBT, and PAT recorded in December, signaling strong operational performance.<BR><BR>Moreover, there has been an increase in participation from institutional investors, who have raised their stake by 0.63% over the previous quarter. This suggests a growing confidence among more sophisticated investors regarding the company's fundamentals. Furthermore, Rhetan TMT Ltd has demonstrated impressive long-term performance, generating a 63.08% return over the past year and outperforming the BSE500 in the last three years.<BR><BR>However, it is important to note that while the stock is currently rising, there are underlying concerns regarding its long-term fundamental strength, including a negative CAGR growth in net sales over the last five years and a relatively low return on equity. Despite these challenges, the immediate factors contributing to the stock's rise include strong recent financial results and increased institutional interest.

Which are the latest news on Rhetan TMT Ltd?