RHI Magnesita India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 13 Jun 2026 | Industrial Products | Market Cap: ₹8.4K Cr

Company expects to outperform the market growth by approximately 2% in volume terms. FY '27 EBITDA margin guidance is around 13%, with potential for Q1 to be stronger than average due to pending price increases effective May-June and improved fixed cost absorption from projects.

From RHI Magnesita India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹375

Market Cap

₹8.4K Cr

P/E Ratio

76.7

How does RHI Magnesita India Ltd rank in Industrial Products?

Compare RHI Magnesita India Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.

View Industrial Products leaderboard →

RHI Magnesita India Ltd — Quarterly revenue & net profit

Revenue Net Profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1K Cr, net profit ₹62 Cr.

Full financials →

📊 Revenue & Sales Performance

→Company expects to outperform the market growth by approximately 2% in volume terms.
→Market growth is around 6%; company aims for ~8% volume growth.
→Strong order book secured for the next 18 months, including large coke oven projects.
→Growth driven by iron making segments (DRI and pellet business), ladle solutions, electronic arc furnace projects, tundish and ladle slide gate solutions.
→Focus on expanding into new industrial segments such as petrochemicals (post-RESCO acquisition).
→Revenues grew 9% YoY to INR 4,000 crores in FY '26; shipments up 5% to 523 kilotons.
→Cement sector volumes temporarily down due to cyclical lean periods but expected recovery in Q1.
→Aim to increase revenue by 14% in Dalmia assets segment.
→Company pursuing price increases (1%-3%) to offset cost inflation and improve margins.
→Initiatives like 4PRO robotic contracts expected to drive sustainable sales growth.

📈 Profitability & Margins

→FY '27 EBITDA margin guidance is around 13%, with potential for Q1 to be stronger than average due to pending price increases effective May-June and improved fixed cost absorption from projects.
→Revenue growth expected to outperform the market by 1-2%, driven by strong order book including iron making and coke oven projects and expansion into new industrial segments like petrochemicals.
→Continuous price increases are being sought and have been largely secured to offset input cost inflation and improve margins.
→Strong order book and 4PRO long-term contracts provide revenue visibility and margin support.
→Capital expenditure of approximately INR 150 crores focused on operational excellence, automation (4PRO robotics), capacity enhancement, and sustainability initiatives aligned with growth objectives.
→Improved cash generation and balance sheet strength enable funding growth capex without additional leverage.
→Continuous cost optimization and strategic sourcing expected to contribute to profitability improvements.

See what RHI Magnesita India Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Capex guidance for FY '27 and FY '28 is around INR 150 crores.
→Maintenance capex component is approximately INR 40-50 crores.
→Remaining capex is divided into:
→ - Sales capex related to new 4PRO robotics machinery providing immediate benefits.
→ - Structural growth capex aimed at long-term expansion.
→Capex not limited to Dalmia plant; also includes Bhiwadi and Jamshedpur facilities.
→Focus on operational excellence, product innovation, selective capacity enhancement, automation, and sustainability initiatives.
→Capex funded internally from the company’s cash-positive balance sheet; no major transactions planned.
→Strategic emphasis on expanding 4PRO platform for high value-added solutions.
→Continuous modernization and restructuring of assets, with no further restructuring pending.
→Expected better fixed cost absorption and margin improvement supported by secured coke oven projects and own mining assets.

💰 Fundraising & Capital Structure

→No current or planned fundraising through debt or equity is indicated.
→The company is cash positive and expects to fund all planned capex (around INR 150 crores for FY '27) from its balance sheet.
→No big transactions or external financing are planned at the moment for growth initiatives.
→The company has achieved a net cash position with net debt-to-EBITDA at 0.1x, underscoring strong cash generation and a robust balance sheet.
→Management emphasizes disciplined capital allocation and financial flexibility without the need for raising external funds.

See what RHI Magnesita India Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→The company has a strong order book secured for the next 18 months, including one of the largest coke oven projects with a major integrated steel player.
→The coke oven order is for 2 coke oven batteries, totaling over 30,000 tonnes, ensuring continuous production and better fixed cost absorption.
→There are expectations of at least 2 more coke oven projects from 5 upcoming batteries in the next 2-3 years, supporting ongoing high-level production.
→4PRO contracts signed in January 2026 contribute to organic growth, with start-up costs leading to increased margins and revenue in upcoming quarters.
→Industrial non-cement projects are included in the 13% EBITDA margin guidance, showing growth beyond cement sector.
→Pending price increases expected from May-June 2026 will further support margins and order volumes.
→The order book ensures better fixed cost management and revenue upside ahead.

Key Metrics

What RHI Magnesita's management said in earlier quarters

Others in Industrial Products this season

Dhabriya Polywood Ltd (Q4 FY26)
Plan to improve capacity utilization from 50-60% to over 66% and further to 85% to reach INR450 crores revenue in profile extrusion by FY28 (Page 6, 15). Key…
SKF India (Industrial) Ltd (Q4 FY26)
SKF India plans to invest around INR 800 crores over the next 4-5 years, mainly to set up a new Pune manufacturing plant, expanding capacity especially for…
Vibhor Steel (Q4 FY26)
1,700 crore by FY28. Key concall takeaways from Vibhor Steel's Q4 FY26 earnings call — and how it ranks against sector peers.
Subros Ltd (Q4 FY26)
Potential of INR 250 crores annual revenue from e-compressor at peak. Key concall takeaways from Subros's Q4 FY26 earnings call — and how it ranks against…

Compare:vs Cummins India Ltd vs Polycab India vs Welspun Corp Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were RHI Magnesita India Ltd Q4 FY26 results?

What is RHI Magnesita India Ltd share price analysis?

RHI Magnesita India Ltd currently shows a neutral. The stock trades at a P/E of 76.7 with a market cap of ₹8,446 Cr. Investors should review the full earnings analysis for detailed insights.

Is RHI Magnesita India Ltd planning capital expenditure?

Capex guidance for FY '27 and FY '28 is around INR 150 crores.

Keep RHI Magnesita India Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.