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Rhetan TMT Ltd.
(RHETAN)
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Rating:46Neutral
Price Target:
₹17.00
▼(-16.46% Downside)
Action:Reiterated
Date:09/27/26
The score is primarily constrained by deteriorating cash flow (negative operating and free cash flow) despite strong reported profitability, which raises earnings-quality and funding-risk concerns. Technicals further weigh on the score with a clear downtrend and negative momentum, while valuation is pressured by a high P/E and no dividend support.
Positive Factors
Profitability Expansion
The sharp margin expansion indicates substantially stronger reported profitability and could improve internal funding capacity if maintained. Higher gross and net margins also provide greater room to absorb cost pressure, reinvest in operations, and build earnings power over the next several quarters.
Negative Factors
Negative Cash Generation
The move to negative operating and free cash flow is a material earnings-quality concern because reported profit is not converting into cash. Persistent weak conversion could limit self-funded growth, increase reliance on financing, and reduce flexibility during the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Expansion
The sharp margin expansion indicates substantially stronger reported profitability and could improve internal funding capacity if maintained. Higher gross and net margins also provide greater room to absorb cost pressure, reinvest in operations, and build earnings power over the next several quarters.
Read all positive factors
Rhetan TMT Ltd. (RHETAN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.24B
Dividend YieldN/A
Average Volume (3M)964.35K
Price to Earnings (P/E)80.8
Beta (1Y)0.88
Revenue Growth2.69%
EPS Growth159.19%
CountryIN
Employees41
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.02
Shares Outstanding796,875,000
10 Day Avg. Volume1,438,046
30 Day Avg. Volume964,346
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)12.76
Price to Sales (P/S)56.72
P/FCF Ratio-89.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Rhetan TMT Ltd. Business Overview & Revenue Model
Company Description
Established in 1984, Rhetan TMT Limited is an Ahmedabad, India-based enterprise primarily involved in the production and distribution of thermo-mechanically treated (TMT) bars across the Indian market. These TMT bars are essential building materia...
Rhetan TMT Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 112.48M | 244.41M | 371.65M |
| Gross Profit | -37.44M | 96.65M | 55.30M |
| EBITDA | 23.48M | 151.43M | 55.47M |
| Net Income | 15.03M | 102.98M | 30.95M |
Balance Sheet | |||
| Total Assets | 1.44B | 1.65B | 1.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.97M | 3.02M | 2.97M |
| Total Debt | 406.71M | 417.28M | 227.03M |
| Total Liabilities | 462.38M | 565.02M | 295.20M |
| Stockholders Equity | 976.15M | 1.09B | 939.84M |
Cash Flow | |||
| Free Cash Flow | 10.36M | -154.45M | 34.54M |
| Operating Cash Flow | 20.01M | -110.17M | 49.74M |
| Investing Cash Flow | -27.92M | -87.00M | -43.56M |
| Financing Cash Flow | 8.13M | 2.64M | -15.73M |
Rhetan TMT Ltd. Technical Analysis
Negative
20.35
Price Trends
23.07
Negative
25.81
Negative
25.73
Negative
Market Momentum
-1.95
Negative
41.45
Neutral
66.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RHETAN, the sentiment is Negative. The current price of 20.35 is above the 20-day moving average (MA) of 19.49, below the 50-day MA of 23.07, and below the 200-day MA of 25.73, indicating a bearish trend. The MACD of -1.95 indicates Negative momentum. The RSI at 41.45 is Neutral, neither overbought nor oversold. The STOCH value of 66.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RHETAN.
Rhetan TMT Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ₹3.33B | 8.54 | ― | 4.39% | 35.17% | 9.87% | |
57 Neutral | ₹687.77M | 21.00 | ― | 0.79% | 53.91% | 99.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹13.24B | 80.78 | ― | ― | 2.69% | 159.19% | |
44 Neutral | ₹606.94M | -83.17 | ― | ― | -99.63% | 86.24% | |
42 Neutral | ₹534.90M | -2.71 | ― | 0.26% | -50.11% | 87.17% | |
42 Neutral | ₹217.33M | -140.00 | ― | ― | 1033.33% | 40.71% |
* General Sector Average
IN:RHETAN
Rhetan TMT Ltd.
17.42
-4.00
-18.67%
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Rhetan TMT Ltd. Corporate Events
Rhetan TMT Extends Tenure of Managing Director Shalin Shah for Five Years
Sep 16, 2026
Rhetan TMT Ltd. has secured shareholder approval to reappoint promoter Managing Director Shalin Ashok Shah for a new five-year term starting January 8, 2027 and ending January 7, 2032. The decision, endorsed by the Nomination and Remuneration Comm...
Rhetan TMT strengthens board with new independent director
Sep 16, 2026
Rhetan TMT Ltd. has regularized the appointment of Mrs. Jhanvi Vikas Sethi as an independent, non-executive director for a five-year term effective August 12, 2026, following approval by shareholders at the company’s annual general meeting. ...
Rhetan TMT Holds 42nd AGM via Virtual Platform in Line with SEBI Norms
Sep 16, 2026
Rhetan TMT Ltd. operates in the steel sector, producing TMT bars and related products from its Mehsana, Gujarat facility, with corporate headquarters in Ahmedabad and listings on BSE and NSE under the ID RHETAN. Its governance structure features a...
Rhetan TMT wins BIS nod for premium TMT grades, unlocking govt infra market
Jul 27, 2026
Rhetan TMT Ltd., a Gujarat-based manufacturer of Thermo Mechanically Treated steel bars, has secured Bureau of Indian Standards certification to produce premium Fe500D, Fe550 and Fe550D high-strength, high-ductility TMT grades used in modern infra...
Rhetan TMT Nears Commissioning of 1 MW Captive Solar Plant at Gujarat Steel Facility
Jul 27, 2026
Rhetan TMT has completed installation of a 1 MW captive ground-mounted solar power project at its Kadi, Gujarat facility, having secured registration under the Gujarat Renewable Energy Policy, 2023 and the necessary National Highways Authority of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.