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.

When is the next results date for Rhetan TMT Ltd?

Rhetan TMT Ltd will announce its results on 11 August 2025.

Rhetan TMT Ltd is scheduled to declare its results on 11 August 2025.

Are Rhetan TMT Ltd latest results good or bad?

Rhetan TMT Ltd's latest results show a significant profit increase of 277.63% quarter-on-quarter, but this is overshadowed by a 5.56% decline in revenue and a reliance on non-operating income, indicating potential operational challenges for the company's long-term sustainability.

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, rising to ₹2.87 crores, which is a remarkable 277.63% increase quarter-on-quarter and a 26.43% increase year-on-year. This suggests that the company has managed to improve its profitability significantly in the short term.<BR><BR>However, this positive aspect is overshadowed by a concerning decline in revenue. The company's revenue for the same quarter was ₹4.76 crores, reflecting a decrease of 5.56% from the previous quarter and a 3.84% decline year-on-year. This trend of declining revenue is troubling, especially considering the overall revenue drop of 42.2% in FY25 compared to the previous fiscal year.<BR><BR>Moreover, the company's reliance on non-operating income to sustain profitability raises red flags about its operational health. In Q2 FY26, a substantial portion of the profit was derived from other income, which accounted for a significant part of the profit before tax. This dependency indicates that the core business may not be generating sufficient revenue to support its profitability.<BR><BR>Additionally, the operating margin, while improved to 23.11% from 12.10% in the previous quarter, is still significantly lower than the 63.23% achieved in Q2 FY25, highlighting ongoing operational challenges.<BR><BR>In summary, while Rhetan TMT Ltd has shown impressive profit growth, the underlying revenue decline and dependency on non-operating income suggest that the results are not entirely positive. The company faces significant operational challenges that could impact its long-term sustainability.

Should I buy, sell or hold Rhetan TMT Ltd?

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 1, 2025, Rhetan TMT Ltd's trend is mildly bullish, supported by daily moving averages and a bullish weekly MACD, despite mixed signals from longer time frames indicating some bearishness.

As of 1 December 2025, the technical trend for Rhetan TMT Ltd has changed from bullish to mildly bullish. The weekly MACD remains bullish, while the monthly MACD is mildly bearish, indicating mixed signals across time frames. The daily moving averages are bullish, supporting the current price trend. However, the weekly KST is mildly bearish, and both the weekly and monthly Dow Theory show no trend, suggesting a lack of strong directional momentum. Overall, the stance is mildly bullish, with key indicators such as the daily moving averages and weekly MACD driving this outlook, despite some bearish signals in the longer time frames.

Which are the latest news on Rhetan TMT Ltd?

Why is Rhetan TMT Ltd falling/rising?

As of 03-Dec, Rhetan TMT Ltd's stock price is currently at 23.50, reflecting a positive trend with a recent increase of 4.03% over three days and strong investor interest. Despite challenges like weak long-term fundamentals, the stock has outperformed its sector and generated an 11.80% return over the past year.

As of 03-Dec, Rhetan TMT Ltd's stock price is rising, currently at 23.50, reflecting a change of 0.28 (1.21%) upwards. The stock has shown a strong performance recently, outperforming its sector by 2.37% today and achieving consecutive gains over the last three days, with a total increase of 4.03% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.<BR><BR>Investor participation has also increased, as evidenced by a significant rise in delivery volume, which was 22.59 lacs on December 2, marking a 158.97% increase compared to the 5-day average. This heightened activity suggests growing interest in the stock. Over the past year, Rhetan TMT Ltd has generated an 11.80% return, outperforming the BSE500 index in each of the last three annual periods, which further supports the stock's upward movement.<BR><BR>However, it is important to note that despite these positive indicators, the company faces challenges, including weak long-term fundamental strength and a negative CAGR growth in net sales over the last five years. Nonetheless, the current market sentiment appears to be favoring Rhetan TMT Ltd, contributing to its rising stock price.