Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

RHI Magnesita (formerly Orient Refractories) posted a strong set of strong Q4FY22 numbers driven by strong price realization improved due to passing the freight costs to the customers. The company has appointed Vijaya Gupta as CFO who specializes in turnaround and M&A. Merger benefits and strong demand for metal production aided the financials. 

The company is likely to acquire in the domestic refractory space, company size Rs 200-250Cr. Company has an 18% market share in the refractories space. 

Triggers ahead include capex in Cuttack (bricks)/Vizag (flow-control) to increase capacities by 3x and 25% respectively and the company is likely to replace direct imports of around €100mn from the parent company. 



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What's The Buzz RHI Magnesita? | ET Now | Latest News | Business News

AB Cotspin India Ltd., Vaswani Ind, Elgi Rubber Co, Intnl Conveyors and Orient Refractories, hit their fresh 52-week highs at 10:14AM.

Stock market update: Stocks that hit 52-week highs on NSE

The Company manufactures slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories.

Orient Refractories renames as ‘RHI Magnesita India’; Stock zooms 4%

Board of Orient Refractories appoints director

Board of Orient Refractories allots 4.08 crore equity shares

Orient Refractories consolidated net profit rises 32.56% in the March 2021 quarter

Board of Orient Refractories approves allotment of 4.08 cr equity shares under scheme of amalgamation

Orient Refractories Ltd., incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 4200.67 Crore) operating in Industrial Consumables sector.

Buy Orient Refractories, target price Rs 370: IIFL

Integration will synergise and consolidate RHI Magnesita’s strength in India

Nod for amalgamation of RHI Clasil, RHI India with Orient Refractories

“From the material on record, the Scheme of Amalgamation appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to the public interest,” NCLT bench headed by justices Suchitra Kanuparthi and Rajesh Sharma passed the order dated 5th of May.

RHI Magnesita’s two Indian businesses merge with Orient Refractories Limited

RHI Magnesita is engaged in the business of manufacturing and selling of refractories and monolithics.

RHI Magnesita India Ltd

RHI Magnesita India Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

What's The Buzz RHI Magnesita? | ET Now | Latest News | Business News

Stock market update: Stocks that hit 52-week highs on NSE

Orient Refractories renames as ‘RHI Magnesita India’; Stock zooms 4%

Board of Orient Refractories appoints director

Board of Orient Refractories allots 4.08 crore equity shares

Orient Refractories consolidated net profit rises 32.56% in the March 2021 quarter

Board of Orient Refractories approves allotment of 4.08 cr equity shares under scheme of amalgamation

RHI Magnesita India Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

News Video

What's The Buzz RHI Magnesita? | ET Now | Latest News | Business News

Stock market update: Stocks that hit 52-week highs on NSE

Orient Refractories renames as ‘RHI Magnesita India’; Stock zooms 4%

Board of Orient Refractories appoints director

Board of Orient Refractories allots 4.08 crore equity shares

Orient Refractories consolidated net profit rises 32.56% in the March 2021 quarter

Board of Orient Refractories approves allotment of 4.08 cr equity shares under scheme of amalgamation

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock