Rhetan TMT Ltd

Why is Rhetan TMT Ltd falling/rising?

As of 16-Jul, Rhetan TMT Ltd's stock price is rising to Rs. 30.88, supported by a new 52-week high and strong investor participation, with a year-to-date increase of 26.97%. The stock's performance significantly outpaces the Sensex, reflecting robust financial results and positive technical indicators.

As of 16-Jul, Rhetan TMT Ltd's stock price is rising, currently at Rs. 30.88, reflecting an increase of 0.69 (2.29%). This upward movement is supported by several key factors. The stock has achieved a new 52-week high of Rs. 33 today and has outperformed its sector by 3.81%. Over the last three days, Rhetan TMT Ltd has shown a remarkable gain of 16.09%, indicating strong momentum.<BR><BR>Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator. Investor participation has also surged, with a delivery volume of 31.46 lacs on July 15, marking a significant increase of 357.15% compared to the 5-day average delivery volume. This heightened activity suggests growing investor confidence in the stock.<BR><BR>From a performance perspective, Rhetan TMT Ltd has delivered impressive returns, with a year-to-date increase of 26.97% and an annual growth of 81.65%, significantly outperforming the Sensex, which has declined by 9.43% over the same period. The company's strong financial results, including a higher profit after tax of Rs. 6.67 crore and a robust operating profit growth rate of 40.21%, further bolster its positive outlook. Overall, these factors contribute to the stock's rising price.

Which are the latest news on 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 8 Cr and a net profit of 2 Cr for the quarter ending March 2026. The company has a market cap of INR 2,466 Cr and key metrics include a P/E ratio of 238.00 and a debt-equity ratio of 0.38.

Overview:<BR>Rhetan TMT Ltd operates in the Iron & Steel Products industry and is categorized as a Small Cap company.<BR><BR>History:<BR>The company was incorporated as Shivani Rolling Mills Private Limited in 1984 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 the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 8 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 2 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 2,466 Cr (Small Cap)<BR><BR>Key Metrics:<BR>- P/E: 238.00<BR>- Industry P/E: 13<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.38<BR>- Return on Equity: 9.48%<BR>- Price to Book: 22.40<BR><BR>Contact Details:<BR>Details: No Company Details Available<BR>Registrar Address: Not available.

How big is Rhetan TMT Ltd?

As of 10th June, Rhetan TMT Ltd has a market capitalization of 2,466.00 Cr, classifying it as a Small Cap company, with recent net sales of 24.44 Cr and a net profit of 10.30 Cr. The company reported shareholder's funds of 93.98 Cr and total assets of 123.50 Cr.

As of 10th June, Rhetan TMT Ltd has a market capitalization of 2,466.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest 4 quarters, Rhetan TMT Ltd reported Net Sales of 24.44 Cr and a Net Profit of 10.30 Cr.<BR><BR>For the latest annual period, the company reported Shareholder's Funds of 93.98 Cr and Total Assets of 123.50 Cr.

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 have any more questions about the company or its operations, feel free to ask!

Who are the peers of the Rhetan TMT Ltd?

Rhetan TMT Ltd's peers include Kalyani Steels, Sambhv Steel, Venus Pipes, and others, with varying management risks and growth rates. Rhetan TMT Ltd has a below-average management risk and a 1-year return of 57.24%, higher than Venus Pipes but lower than Mahamaya Steel's 187.56%.

Peers: The peers of Rhetan TMT Ltd are Kalyani Steels, Sambhv Steel, Venus Pipes, JTL Industries, Vardhman Special, MSP Steel & Pow., Hi-Tech Pipes, Mahamaya Steel, Steel Exchange, and Bharat Wire.<BR><BR>Quality Snapshot: Excellent management risk is observed at Venus Pipes and Hi-Tech Pipes, while Good management risk is found at Sambhv Steel and Vardhman Special. Average management risk is noted for Kalyani Steels and JTL Industries, and Below Average management risk is present at Rhetan TMT Ltd, MSP Steel & Pow., Mahamaya Steel, and Steel Exchange. Growth is Excellent at Sambhv Steel and Venus Pipes, Good at Rhetan TMT Ltd and Bharat Wire, Below Average at Kalyani Steels, JTL Industries, Vardhman Special, MSP Steel & Pow., Mahamaya Steel, and Steel Exchange, and the rest have Average growth. Capital Structure is Excellent at Kalyani Steels and JTL Industries, Good at Venus Pipes, Vardhman Special, and Bharat Wire, Average at Sambhv Steel, Hi-Tech Pipes, and Mahamaya Steel, and Below Average at Rhetan TMT Ltd, MSP Steel & Pow., and Steel Exchange.<BR><BR>Return Snapshot: Mahamaya Steel has the highest 1-year return at 187.56%, while Venus Pipes has the lowest at -4.98%. Rhetan TMT Ltd's 1-year return of 57.24% is significantly higher than Venus Pipes but lower than Mahamaya Steel. Additionally, Hi-Tech Pipes and Mahamaya Steel have negative six-month returns.

Should I buy, sell or hold Rhetan TMT Ltd?

When is the next results date for Rhetan TMT Ltd?

Rhetan TMT Ltd will declare its results on May 2, 2026.

Rhetan TMT Ltd will declare its results on 02 May 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.

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