RHI Magnesita India Ltd. News and Updates

Name: Latest research reports of RHI Magnesita India Ltd. authored by CD Equisearch and published by - Trendlyne research reports.
Item: RHI Magnesita India Ltd.
Rating: 3
Author: CD Equisearch

Keep track of all breaking news on RHI Magnesita India Ltd. from all sources in a single place.

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RHI Magnesita India Ltd.

28 Aug 2019

479.40

0.82%

Orient Refractories Ltd

Hold: RHI Magnesita India Ltd.

Target

CD Equisearch

The global refractories market demand is set to rise from USD 30 billion in 2018 to around USD 41 billion by 2025, according to a 2019 Global Market Insights Inc. report. Increase in demand...

RHI Magnesita India Ltd. is trading above its 150 day SMA of 469.1

RHI Magnesita India Ltd.

20 May 2019

479.40

0.82%

Company news: Orient Refractories

Business Line

Orient Refractories has completed the formalities with regard to acquisition of the entire paid-up equity share capital of Intermetal Engineers India

RHI Magnesita India Ltd. is trading below its 200 day SMA of 495.2

RHI Magnesita India Ltd.

18 Feb 2019

479.40

0.82%

Orient Refractories' (ORIENT) Q3FY19 revenue rose 26.6% yoy to Rs1.99bn, while our estima...

Buy: RHI Magnesita India Ltd.

Target

Emkay

Orient Refractories' (ORIENT) Q3FY19 revenue rose 26.6% yoy to Rs1.99bn, while our estimate was Rs1.80bn. The strong quarterly performance was a result of stable domestic volumes and higher exports growth, driven by the commencement of new ISO-capacity. EBITDA increased 1.6% yoy and 7.2% qoq, supported by higher revenue, and stood at Rs336mn vs. our estimate of Rs303mn. EBITDA margin contracted 413bps yoy to 16.8%....

RHI Magnesita India .. has an average target of 625.00 from 2 brokers.

RHI Magnesita India Ltd.

21 Dec 2018

479.40

0.82%

Orient Refractories Ltd

Hold: RHI Magnesita India Ltd.

Recommendation Target

CD Equisearch

First half of current fiscal saw an improvement in finished steel production and consumption, which grew by 6% (yoy) and 7.8% (yoy) to 53.9 mn tons and 47.7 mn tons respectively, compared to a yoy growth of 2.5% and 7.6% respectively...

RHI Magnesita India .. has an average target of 625.00 from 2 brokers.

RHI Magnesita India Ltd.

11 Sep 2018

479.40

0.82%

Orient Refract

Hold: RHI Magnesita India Ltd.

Recommendation Target

Centrum Broking

Our detailed interaction with Orient Refractories (ORL) & RHI Magnesita management on the side-lines of ORL AGM pointed towards i) increased focus of the group in transitioning to a bigger entity in India with substantial market share, ii) addition of production capability for meeting both domestic and export demand and iii) reduction in margins from a high base of FY18 at both ORL and RHI India led by RM cost inflation. Revenue growth is expected to remain solid but earnings growth would be lower due to normalisation of margins. Though we remain structurally positive on ORL led by best in class capital as well as operational costs,...

RHI Magnesita India Ltd. is trading below its 200 day SMA of 495.2

RHI Magnesita India Ltd.

27 Aug 2018

479.40

0.82%

Orient Refractories climbs 11% post block deal

Economic Times

The price at which they changed hands was Rs 311.22 per share.

RHI Magnesita India Ltd. is trading above its 150 day SMA of 469.1

RHI Magnesita India Ltd.

31 Jul 2018

479.40

0.82%

Orient Refractories to merge its two unlisted subsidiaries

Business Line

Orient Refractories plans to merge its two unlisted subsidiaries RHI India and RHI Clasil with itself for better operational efficiency and simpli

RHI Magnesita India .. has an average target of 625.00 from 2 brokers.

RHI Magnesita India Ltd.

18 Apr 2018

479.40

0.82%

Orient Refractories Ltd

Buy: RHI Magnesita India Ltd.

Recommendation Target

CD Equisearch

Joint Plant Committee posits that steel production in India posted a growth of 5.3% (yoy)) in 9MFY18. The country recently ousted Japan with domestic production of 8.4 mn tons (3.4% rise)) in February as against Japan's 8.2 mn tons of production (0.5% de-growth), ), making India the second largest steel...

RHI Magnesita India Ltd. is trading above its 150 day SMA of 469.1

RHI Magnesita India Ltd.

12 Feb 2018

479.40

0.82%

Orient Refractories Ltd's (ORIENT) Q3FY18 results were above our estimate on all fronts....

Buy: RHI Magnesita India Ltd.

Emkay

Orient Refractories Ltd's (ORIENT) Q3FY18 results were above our estimate on all fronts. Revenue stood at Rs1.57bn (v/s Emkay Est. Rs1.42bn) on back double-digit growth in export (+23.2% yoy) and domestic (+21.7% yoy) segments. EBITDA was also above our estimate at Rs331mn (Emkay Est: Rs281mn) on account of higher economies-of-scale and 22% yoy growth in gross profit. As a result, EBITDA margin expanded by 113bps yoy to 21% (Emkay Est: 19.8%). Tax rate stood at 34.4% v/s 34.8% in Q3FY17. Depreciation and other income stood at Rs17.4mn/Rs21.4mn (v/s Rs17.1mn/Rs28.5mn in Q3FY17)....

RHI Magnesita India Ltd. is trading above its 150 day SMA of 469.1

RHI Magnesita India Ltd.

13 Nov 2017

479.40

0.82%

Orient Refract

Buy: RHI Magnesita India Ltd.

Centrum Broking

We maintain Buy on Orient Refractories (ORL), with a revised TP of Rs185 as ORL has remained ahead of competition in maintaining strong growth with superlative margins (well above the industry average). Q2 performance was solid with revenue growth above expectations and margins surprising positively. ORL's growth story remains on track with increasing penetration in both domestic & export markets and margins kicker through operating leverage benefits. We remain structurally positive on ORL and believe that the tremendous scope for brownfield expansion, as well as low capital and operational costs, MNC parentage and strong return ratios...