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

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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

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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