RHETAN
Rhetan TMT share price & financials
- Price
- ₹28.04
- Market cap
- ₹1.9k Cr
- Sector
- Capital Goods
What Rhetan TMT Limited does
Rhetan TMT Limited manufactures TMT (thermo-mechanically treated) bars, a category of steel reinforcement rods used in building and infrastructure construction. The company was incorporated in 1984 as Rhetan Rolling Mills Private Limited and later renamed Rhetan TMT Limited, reflecting its core rolling-mill/TMT manufacturing lineage. It runs a single reportable line of business (manufacture and sale of TMT bars) with no subsidiaries, associates or joint ventures, and is part of a wider Gujarat-based promoter group whose other group entities separately trade in steel and other commodities.
Segments
- TMT Bars Manufacturing
- Corporate structure
- No subsidiaries, associate companies, or joint ventures
- Business lines
- Single reportable business — TMT steel bar manufacturing
- Promoter-group affiliated trading entities
- 5 (Ashoka Metcast, Ashnisha Industries, Lesha Industries, Lesha Ventures, Gujarat Natural Resources — separate steel/commodity trading companies under common promoter directorship)
Quarterly results
Q1 FY27: revenue down 19.4%, net profit up 315.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5 | 6 | 6 | 5 | 5 −4% | 6 −4% | 8 +31% | 4 −19% |
| EBITDA | 3 | 2 | -3 | 1 | 1 −65% | 2 +7% | 3 +184% | -1 −208% |
| Net profit | 2 | 1 | 0 | 1 | 3 +26% | 4 +220% | 2 +363% | 3 +316% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +12.8% 1Y
1Y: ₹21.29 on 26 Sept 2025 → ₹24.01. High ₹33.76 (10 Aug 2026), low ₹19.11 (31 Aug 2026).
Financials, as filed
Revenue fell 38.6% a year over 2 years, FY24 to FY26. Operating margin widened to 27.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹65 Cr | ₹37 Cr | ₹24 Cr |
| Operating profit | ₹6 Cr | ₹4 Cr | ₹7 Cr |
| Operating margin | 8.8% | 10.7% | 27.2% |
| Interest | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹3 Cr | ₹5 Cr | ₹10 Cr |
| Net margin | 5.3% | 13.3% | 42.1% |
| Cash from operations | ₹14 Cr | ₹5 Cr | ₹1 Cr |
| Free cash flow | ₹5 Cr | ₹3 Cr | ₹-3 Cr |
| ROCE | 6.0% | 4.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹13 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr |
| Reserves | ₹-3 Cr | ₹10 Cr | ₹5 Cr | ₹9 Cr | ₹18 Cr | ₹29 Cr |
| Borrowings | ₹25 Cr | ₹26 Cr | ₹18 Cr | ₹17 Cr | ₹41 Cr | ₹42 Cr |
| Other liabilities | ₹6 Cr | ₹9 Cr | ₹9 Cr | ₹8 Cr | ₹6 Cr | ₹15 Cr |
| Total liabilities | ₹40 Cr | ₹59 Cr | ₹112 Cr | ₹114 Cr | ₹144 Cr | ₹165 Cr |
| Fixed assets | ₹9 Cr | ₹8 Cr | ₹9 Cr | ₹17 Cr | ₹16 Cr | ₹16 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹6 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹3 Cr | ₹7 Cr |
| Other assets | ₹30 Cr | ₹50 Cr | ₹103 Cr | ₹96 Cr | ₹123 Cr | ₹136 Cr |
| Total assets | ₹40 Cr | ₹59 Cr | ₹112 Cr | ₹114 Cr | ₹144 Cr | ₹165 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.36 pp while FIIs added +0.34 pp. The shareholder count shrank 19% to 76,501.
- Promoters
- 62.1%
- FIIs
- 0.3%
- Public
- 37.5%
Since Jun 2025
- Public −0.36 pp
- FIIs +0.34 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Mar '23: Promoters 62.1%, FIIs 0.6%, Public 37.3%.Sep '23: Promoters 62.1%, FIIs 0.5%, Public 37.3%.Mar '24: Promoters 62.1%, FIIs 0.4%, Public 37.5%.Jun '24: Promoters 62.1%, Public 37.9%.Sep '24: Promoters 62.1%, FIIs 0.1%, Public 37.7%.Dec '24: Promoters 62.1%, Public 37.9%.Mar '25: Promoters 62.1%, Public 37.9%.Jun '25: Promoters 62.1%, Public 37.9%.Sep '25: Promoters 62.1%, Public 37.9%.Dec '25: Promoters 62.1%, FIIs 0.6%, Public 37.2%.Mar '26: Promoters 62.1%, FIIs 0.9%, Public 37.0%.Jun '26: Promoters 62.1%, FIIs 0.3%, Public 37.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Rhetan TMT Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ashoka Metcast Limited | 55.52% | unchanged |
| Akhil Retail Private Limited | 6.52% | unchanged |
| Shalin Ashok Shah | 5.65% | unchanged |
| Ajay Chandra Bhogaraju | 3.99% | unchanged |
| Infiniti Infrasteel Llp | 3.07% | unchanged |
| Aarem Insights Private Limited | 2.84% | unchanged |
| Clear Water Commodities Pvt Ltd | 1.87% | −0.08 pp |
| Vimlaben Vishnubhai Chauhan | 1.15% | unchanged |
| Earth Stone Commodities Private Limited | 1.11% | unchanged |
| Ashok Chinubhai Shah | 0.94% | unchanged |
| Lesha Ventures Private Limited | 0.00% | unchanged |
| Shalin A Shah Huf | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Rhetan TMT Limited
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