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 17-Mar, Rhetan TMT Ltd's stock price is at 24.79, down 0.84%. The decline is due to weak investor participation, underperformance against its sector, and concerns about the company's long-term fundamentals.

As of 17-Mar, Rhetan TMT Ltd's stock price is currently at 24.79, reflecting a decrease of 0.21 or 0.84%. This decline can be attributed to several factors highlighted in the Source Data. <BR><BR>Firstly, the stock has underperformed its sector today, with a performance lag of 0.81%. Additionally, there has been a notable decrease in investor participation, as evidenced by a delivery volume of 10.12 lacs on 16 March, which has fallen by 48.08% compared to the 5-day average. This drop in trading activity may indicate a lack of confidence among investors.<BR><BR>While the stock has shown strong long-term performance, generating a return of 55.33% over the past year, it faces challenges in terms of fundamental strength. The company has experienced a -8.10% compound annual growth rate (CAGR) in net sales over the last five years, and its return on equity (ROE) averages only 5.57%, suggesting low profitability relative to shareholders' funds. Furthermore, the stock's valuation appears expensive, with a return on capital employed (ROCE) of 0.4 and a PEG ratio of 7.6, indicating that despite past performance, the stock may not be a sound investment based on its current fundamentals.<BR><BR>In summary, the combination of weak investor participation, underperformance against sector benchmarks, and concerns regarding long-term fundamental strength contribute to the current decline in Rhetan TMT Ltd's stock price.

Why is Rhetan TMT Ltd falling/rising?

As of 18-Mar, Rhetan TMT Ltd's stock is declining, down -0.28% today and -1.04% over the last two days, underperforming its sector. Despite a strong long-term return of +49.94% over the past year, recent trends and weak fundamentals indicate a negative outlook.

As of 18-Mar, Rhetan TMT Ltd's stock price is currently falling, with a change of -0.07 (-0.28%). The stock has underperformed its sector by 2.7% today and has experienced consecutive declines over the last two days, resulting in a total drop of -1.04% during this period. <BR><BR>In terms of performance relative to benchmarks, the stock has shown a decline of -0.44% over the past week and -3.28% over the past month, while the Sensex has only decreased by -0.21% and -8.40%, respectively. Although the stock has performed well in the long term, generating a return of +49.94% over the past year, the recent trends indicate a weakening position.<BR><BR>Additionally, the stock's moving averages reflect a mixed picture; it is higher than the 100-day and 200-day moving averages but lower than the 5-day, 20-day, and 50-day moving averages, suggesting short-term weakness. Despite a rise in investor participation, with delivery volume increasing by 39.6% against the 5-day average, the overall sentiment appears to be negative, compounded by weak long-term fundamental strength, as indicated by a -8.10% CAGR growth in net sales over the last five years and a low return on equity of 5.57%. <BR><BR>These factors collectively contribute to the stock's current downward trajectory.

Why is Rhetan TMT Ltd falling/rising?

As of 19-Mar, Rhetan TMT Ltd's stock price is slightly rising at 24.65, indicating a potential trend reversal after recent declines. Despite a short-term decline, the stock has shown strong long-term growth, but faces challenges with weak fundamentals and low return on equity.

As of 19-Mar, Rhetan TMT Ltd's stock price is rising slightly, with a current price of 24.65, reflecting a change of 0.01 (0.04%) upwards. This increase comes after two consecutive days of decline, indicating a potential trend reversal. The stock has outperformed its sector by 2.44% today, which may contribute to the positive sentiment among investors.<BR><BR>Despite the recent rise, the stock has shown a decline of 1.36% over the past week and 4.49% over the past month, suggesting that it has faced challenges in the short term. However, it has demonstrated strong performance over the longer term, with a remarkable increase of 48.23% over the past year and 68.84% over the past three years, significantly outperforming the BSE500 index during these periods.<BR><BR>Positive financial results reported for the quarter ending December 25, including the highest PBDIT at Rs 2.38 crore and PAT at Rs 4.45 crore, have likely bolstered investor confidence. Additionally, there has been an increase in participation by institutional investors, who have raised their stake by 0.63%, indicating a belief in the company's potential.<BR><BR>However, it is important to note that the company faces challenges, including weak long-term fundamental strength, as evidenced by a -8.10% CAGR growth in net sales over the last five years and a low return on equity of 5.57%. This suggests that while the stock may be experiencing a short-term rise, there are underlying concerns regarding its long-term profitability and valuation, which could affect future performance.

Why is Rhetan TMT Ltd falling/rising?

As of 20-Mar, Rhetan TMT Ltd's stock price is slightly rising at 24.89, driven by positive quarterly financial results and increased institutional investor participation. However, concerns remain regarding its long-term fundamentals and recent underperformance compared to its sector.

As of 20-Mar, Rhetan TMT Ltd's stock price is experiencing a slight rise, currently at 24.89, with a change of 0.01 (0.04%) upward. This increase can be attributed to a few key factors. Firstly, the stock has shown a positive performance over the last week, gaining 1.59%, while the benchmark Sensex has slightly declined by 0.04%. Additionally, the stock has been on a consecutive gain for the last two days, rising by 1.01% during this period.<BR><BR>Moreover, the company reported positive financial results for the quarter ending December 25, with a significant growth in profit before tax (PBT) at Rs 1.91 crore, marking an impressive 864.0% increase compared to the previous four-quarter average. The profit after tax (PAT) also reached its highest at Rs 4.45 crore, which supports investor confidence.<BR><BR>Another contributing factor to the stock's rise is the increasing participation from institutional investors, who have raised their stake by 0.63% over the previous quarter. This trend suggests a growing confidence among more sophisticated investors regarding the company's fundamentals.<BR><BR>However, it is important to note that despite the recent positive performance, the stock has underperformed its sector today by 1.02% and has seen a significant drop in delivery volume, which fell by 54.36% against the five-day average. Additionally, the company has shown weak long-term fundamental strength, with a -8.10% compound annual growth rate (CAGR) in net sales over the last five years, which could pose concerns for future performance.<BR><BR>In summary, while Rhetan TMT Ltd's stock is currently rising due to recent positive financial results and increased institutional interest, there are underlying weaknesses in its long-term fundamentals that investors should consider.

Why is Rhetan TMT Ltd falling/rising?

As of 23-Mar, Rhetan TMT Ltd's stock price is declining, currently at 24.12, following a trend reversal after previous gains. Weak long-term fundamentals and reduced investor participation are contributing to this downward movement.

As of 23-Mar, Rhetan TMT Ltd's stock price is falling, currently at 24.12, which reflects a decrease of 0.88 or 3.52%. This decline follows a trend reversal after two consecutive days of gains. The stock has underperformed the construction material sector, which has fallen by 5.59%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 17.63% compared to the 5-day average.<BR><BR>Despite some positive financial results reported in December, including the highest quarterly PBDIT and PAT figures, the long-term fundamentals of the company appear weak. The company has experienced a -8.10% compound annual growth rate (CAGR) in net sales over the past five years, and its average return on equity is low at 5.57%. Furthermore, the stock's valuation is considered expensive, with a high enterprise value to capital employed ratio of 14.2, and a PEG ratio of 7.4 indicates that while the stock has generated a 39.91% return over the last year, its profits have only increased by 28%.<BR><BR>In summary, the combination of a recent price decline, weak long-term fundamentals, and reduced investor participation contributes to the current downward movement of Rhetan TMT Ltd's stock price.

Why is Rhetan TMT Ltd falling/rising?

As of 24-Mar, Rhetan TMT Ltd's stock price is at 24.33, showing a slight increase but underperforming its sector today. Despite strong quarterly results and positive year-to-date performance, concerns about long-term fundamentals and high valuation metrics suggest caution.

As of 24-Mar, Rhetan TMT Ltd's stock price is currently at 24.33, reflecting a slight increase of 0.01 (0.04%). Despite this minor rise, the stock has underperformed its sector by 4.05% today. Over the past week, the stock has decreased by 1.93%, and over the last month, it has fallen by 8.91%. However, it has shown a positive year-to-date performance with a gain of 0.04%, and an impressive return of 40.64% over the past year, significantly outperforming the Sensex, which has declined by 5.02% in the same period.<BR><BR>The stock's current performance is influenced by several factors. On the positive side, Rhetan TMT Ltd reported strong quarterly results in December, with the highest PBDIT, PBT, and PAT figures recorded. Additionally, there has been an increase in institutional investor participation, with a 0.63% rise in their stake, indicating confidence from investors with more resources to analyze the company's fundamentals.<BR><BR>However, the company faces challenges that could impact its stock price negatively. It has shown weak long-term fundamental strength, with a -8.10% CAGR growth in net sales over the last five years and a low average return on equity of 5.57%. Furthermore, the company has a very expensive valuation with a high enterprise value to capital employed ratio of 14.3, and while it has generated a 40.64% return over the past year, its profits have only risen by 28%, leading to a high PEG ratio of 7.5.<BR><BR>In summary, while Rhetan TMT Ltd has shown strong short-term performance and positive quarterly results, its long-term fundamentals and high valuation metrics suggest caution, contributing to the mixed sentiment around its stock price movement.

Why is Rhetan TMT Ltd falling/rising?

As of 25-Mar, Rhetan TMT Ltd's stock price is rising to 24.90, reflecting a 1.51% increase. This rise is driven by positive quarterly financial results and increased institutional investor participation, despite a recent decline over the past month and weak long-term fundamentals.

As of 25-Mar, Rhetan TMT Ltd's stock price is rising, currently at 24.90, reflecting a change of 0.37 or 1.51% increase. This upward movement can be attributed to several factors. The stock has outperformed its sector by 0.67% today and has shown consecutive gains over the last two days, accumulating a total return of 2.38% during this period. Additionally, the stock has generated impressive returns over the past year, with a notable increase of 46.56%, significantly outperforming the BSE500 index.<BR><BR>Positive financial results reported for the quarter ending December 25 further bolster investor confidence, with the company achieving its highest PBDIT at Rs 2.38 crore, PBT less OI at Rs 1.91 crore, and PAT at Rs 4.45 crore. Furthermore, there has been an increase in participation from institutional investors, who have raised their stake by 0.63% in the previous quarter, indicating a positive outlook from more knowledgeable market participants.<BR><BR>Despite these positive indicators, it is important to note that the stock has experienced a decline of 4.23% over the past month and has a weak long-term fundamental strength, evidenced by a -8.10% CAGR growth in net sales over the last five years. However, the current rise in stock price appears to be driven by short-term performance and positive investor sentiment rather than long-term fundamentals.

Which are the latest news on Rhetan TMT Ltd?