YoY Rev at 588cr vs 407cr⬆️44%
QoQ Rev at 589cr Vs 543cr⬆️8%
FY Rev at 1995cr vs 1370cr ⬆️46%
YoY PAT at 99.8cr vs 42cr⬇️137%
QoQ PAT at 99.8cr Vs 76cr⬆️31%
FY PAT at 269cr vs 137Cr⬆️96%
Q4 EPS at 6.2 Rs vs 2.6 Rs
FY22 EPS at Rs. 16.7 vs 8.5
✓ OCF 27 Cr Vs. 165 Cr in YoY⬇️ Poor OCF due to poor realization of debtors.
✓EBITDA margin: 24.7% Vs. 16% in YoY, EBITDA: INR 146 Cr Vs. 65.1 Cr in YoY up by 124%
✓ OPM: 38% Vs. 37% in YoY Vs. % in QoQ
✓ Current PE: 33, Forward PE: 23
✓ ROE: 18%, ROCE: 23%
✓ Debt/Equity: Virtually debt free
✓ Price to Sales: 4.92
✓ Strong Promoter holding around 70%, FIIS: 0.6%, DIIs: 9.1% etc.
✓ Final dividend of Rs. 2.50 per Equity Share of Re. 1.00 each of the Company.
✓ RHI Magnesita India Ltd. is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass
✓ RHI Magnesita is a global leader in refractories with largest number of manufacturing locations around the world
✓ Strong entry barrier in their business due to the nature of business.
View: Strong result and margin also improved in this quarter. Share high 675 and now 550 and its corrected around 20% from their peak. Current price is good to hold and any correction will be good opportunity to enter at lower rate.