Rhetan TMT Ltd

Why is Rhetan TMT Ltd falling/rising?

As of 10-Jun, Rhetan TMT Ltd's stock price is rising to Rs 30.82, with a year-to-date increase of 26.73% and a remarkable 62.90% return over the past year, significantly outperforming the market. Despite a decline in the construction materials sector and reduced investor participation, the company's strong fundamentals and positive trends support its upward movement.

As of 10-Jun, Rhetan TMT Ltd's stock price is rising, currently at Rs 30.82, reflecting an increase of Rs 0.46 or 1.52%. The stock has shown strong performance over various time periods, with a year-to-date increase of 26.73% compared to a decline of 13.19% in the Sensex. Over the past year, Rhetan TMT Ltd has delivered a remarkable 62.90% return, significantly outperforming the broader market.<BR><BR>The stock has been gaining momentum recently, with a consecutive gain over the last two days, resulting in a total increase of 3.22% during this period. Additionally, it is trading above its moving averages across multiple time frames, indicating a positive trend. The stock is also close to its 52-week high, being only 1.79% away from Rs 31.33.<BR><BR>Despite a general decline in the construction materials sector, where Rhetan TMT Ltd operates, the company has demonstrated resilience and strong fundamentals. The operating profit has grown at an annual rate of 40.21%, and recent quarterly results have shown record highs in key financial metrics. This combination of strong financial performance and market-beating returns contributes to the stock's upward movement. However, it is worth noting that there has been a significant drop in investor participation, with delivery volume falling by 68.2% against the 5-day average, which could be a point of concern moving forward.

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.

Which are the latest news on Rhetan TMT Ltd?

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.

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.

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.

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

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.