Buy RHI Magnesita India, target price Rs 450: HDFC Securities

HDFC Securities has buy call on RHI Magnesita India Ltd. with a target price of Rs 450. The current market price of RHI Magnesita India Ltd. is Rs 378.45.

Time period given by analyst is 3 months when RHI Magnesita India Ltd. price can reach defined target.

RHI Magnesita India Ltd., incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 4511.23 Crore) operating in Industrial Consumables sector.


RHI Magnesita India Ltd. key Products/Revenue Segments include Refractories, Income From Management Services, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 433.39 Crore, up .11 % from last quarter Total Income of Rs 432.90 Crore and up 137.96 % from last year same quarter Total Income of Rs 182.13 Crore. Company reported net profit after tax of Rs 43.10 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.49 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.6 per cent, DIIs 12.1 per cent.