Rhetan TMT Ltd

Why is Rhetan TMT Ltd falling/rising?

As of 02-Sep, Rhetan TMT Ltd's stock price is rising, currently at Rs 21.05, reflecting a notable trend reversal after previous declines, driven by strong quarterly results and a 15.47% return over the past year. However, declining investor participation and operating losses raise concerns about long-term stability.

As of 02-Sep, Rhetan TMT Ltd's stock price is rising, currently at Rs 21.05, reflecting an increase of Rs 1.91 or 9.98%. This upward movement is notable as it marks a trend reversal after four consecutive days of decline. The stock opened with a significant gain of 8.25% today, and it has outperformed its sector by 9.5%. <BR><BR>The company has reported positive results for the last three consecutive quarters, with a remarkable growth in profit after tax (PAT) of 333.87% over the latest six months, reaching Rs 5.38 crore. Additionally, the return on capital employed (ROCE) is at its highest level of 9.71%. Over the past year, the stock has generated a return of 15.47%, significantly outperforming the broader market, which has seen a return of only 1.82%.<BR><BR>However, it is important to note that despite the recent rise, there are underlying concerns. The stock is experiencing falling investor participation, with delivery volume dropping by 53.43% compared to the five-day average. Institutional investors have also reduced their stake by 0.53% in the previous quarter, indicating a lack of confidence among more experienced investors. Furthermore, the company is facing operating losses and has a low average return on equity of 7.37%, suggesting weak long-term fundamental strength.<BR><BR>In summary, while Rhetan TMT Ltd's stock is currently rising due to positive quarterly results and a strong one-year performance, concerns regarding investor participation and long-term profitability remain significant factors to consider.

Which are the latest news on Rhetan TMT Ltd?

Who are in the management team of Rhetan TMT Ltd?

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).

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>If you need more details about their roles or the company, feel free to ask!

What does Rhetan TMT Ltd do?

Rhetan TMT Ltd is a Small Cap company in the Iron & Steel Products industry, reporting net sales of 4 Cr and a net profit of 3 Cr for June 2026. It was incorporated in 1984 and has a market cap of INR 1,526 Cr.

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 report net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 4 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: 3 Cr (Quarterly Results - Jun 2026)<BR>- Market-cap: INR 1,526 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 120.00<BR>- Industry P/E: 12<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.38<BR>- Return on Equity: 11.69%<BR>- Price to Book: 14.92<BR><BR>Contact Details:<BR>Details: No Company Details Available<BR>Registrar Address: Not available.

Who are the peers of the Rhetan TMT Ltd?

Rhetan TMT Ltd's peers include JTL Industries, Ratnaveer Precis, Mahamaya Steel, MSP Steel & Pow., Hi-Tech Pipes, Aeroflex Enterprises, Steel Exchange, and Electrotherm(I). Rhetan TMT Ltd has below-average growth and capital structure, with a 1-year return of 6.86%, lower than most peers.

Peers: The peers of Rhetan TMT Ltd are JTL Industries, Ratnaveer Precis, Mahamaya Steel, MSP Steel & Pow., Hi-Tech Pipes, Aeroflex Enter., Steel Exchange, and Electrotherm(I).<BR><BR>Quality Snapshot: Excellent management risk is observed at JTL Industries and Aeroflex Enter., while Average management risk is found at Ratnaveer Precis, and the rest. Good growth is noted at Ratnaveer Precis and Aeroflex Enter., while Average growth is seen at JTL Industries and Hi-Tech Pipes, and the rest. Below Average growth is present at Mahamaya Steel, MSP Steel & Pow., Rhetan TMT Ltd, Steel Exchange, and the rest. Excellent capital structure is noted at JTL Industries and Aeroflex Enter., while Average capital structure is found at Ratnaveer Precis, Mahamaya Steel, Hi-Tech Pipes, and the rest, with Below Average capital structure at MSP Steel & Pow., Rhetan TMT Ltd, Steel Exchange, and the rest.<BR><BR>Return Snapshot: Ratnaveer Precis has the highest 1-year return at 117.23%, while MSP Steel & Pow. has the lowest at 14.46%. Rhetan TMT Ltd's 1-year return is 6.86%, which is lower than both. Additionally, Hi-Tech Pipes, Rhetan TMT Ltd, and Steel Exchange have negative six-month returns.

How big is Rhetan TMT Ltd?

As of 31st August, Rhetan TMT Ltd has a market capitalization of 1,526.00 Cr, with recent Net Sales of 23.46 Cr and a Net Profit of 12.70 Cr.

As of 31st August, Rhetan TMT Ltd has a market capitalization of 1,526.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Rhetan TMT Ltd reported Net Sales of 23.46 Cr and a Net Profit of 12.70 Cr.<BR><BR>The latest annual reporting period for Rhetan TMT Ltd is March 2025, with Shareholder's Funds amounting to 93.98 Cr and Total Assets valued at 123.50 Cr.

Should I buy, sell or hold Rhetan TMT Ltd?

Are Rhetan TMT Ltd latest results good or bad?

Rhetan TMT Ltd's latest Q4 FY26 results show mixed performance; while revenue grew by 38.05% to ₹8.49 crores, net profit plummeted by 50.11% to ₹2.22 crores, raising concerns about profitability and operational efficiency. Investors should be cautious due to these significant challenges.

Rhetan TMT Ltd's latest results for Q4 FY26 present a mixed picture, leaning towards the negative due to significant profitability challenges. While the company achieved a notable revenue growth of 38.05% quarter-on-quarter, bringing total revenue to ₹8.49 crores, the net profit saw a drastic decline of 50.11% from the previous quarter, dropping to ₹2.22 crores. This sharp contraction in profit is concerning, especially given the high effective tax rate of 48.37% in this quarter, which significantly impacted the bottom line.<BR><BR>Moreover, the operating margin, excluding other income, fell to 29.80%, down 890 basis points from the previous quarter, indicating rising costs or operational inefficiencies. The company's reliance on non-operating income, which constituted over half of its profit before tax, raises further questions about the sustainability of its earnings.<BR><BR>Overall, while the revenue growth suggests some operational resilience, the dramatic decline in net profit and margin compression highlight serious underlying issues. Investors should approach the results with caution, as the financial performance indicates volatility and potential risks ahead.

When is the next results date for Rhetan TMT Ltd?

Rhetan TMT Ltd will announce its results on 12 August 2026.

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

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.

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.

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.

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.

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