Rhetan TMT share price & results
- Jun 2026
- Sept 2026
Ahmedabad-based manufacturer of TMT steel reinforcement bars used in construction.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4.1 | −19.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -16.3 | −28.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 3.2 | +315.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 12.51 | +6.6 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -14.29 | −23.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 2.62 | +7.9 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −32.5% 1Y
1Y: ₹22.02 on 24 Oct 2025 → ₹14.87. High ₹33.76 (10 Aug 2026), low ₹14.18 (26 Oct 2026).
- Previous close
- ₹14.18
- Market cap
- ₹1.1k Cr
- 52-week range
- ₹14.18 – ₹33.76
- One year
- −33.17%
- Price to earnings (TTM to Jun 2026)
- 88.98×
- Return on equity (TTM to Jun 2026)
- 12.51%
Overview
- Symbol
- NSE:RHETAN
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Rhetan TMT Limited does
Based on the company's own presentations, annual report and earnings calls.
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)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +316% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5 | 6 | 6 | 5 | 5 | 6 | 8 | 4 |
| Expenses | 2 | 4 | 10 | 4 | 4 | 4 | 6 | 5 |
| Operating profit | 3 | 2 | -3 | 1 | 1 | 2 | 3 | -1 |
| Operating margin | 63.2% | 35.0% | −46.5% | 12.1% | 23.1% | 38.9% | 29.9% | −16.3% |
| Other income | 0 | 0 | 3 | 1 | 2 | 3 | 2 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 2 | 0 | 1 | 3 | 5 | 4 | 3 |
| Tax rate | 8.8% | 12.0% | −166.7% | 0.0% | 5.3% | 12.6% | 48.4% | 4.5% |
| Net profit | 2 | 1 | 0 | 1 | 3 | 4 | 2 | 3 |
| EPS (₹ per share) | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 | 0.06 | 0.03 | 0.04 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 65 | 37 | 24 |
| Expenses | 59 | 33 | 18 |
| Operating profit | 6 | 4 | 7 |
| Other income | 0 | 3 | 9 |
| Interest | 2 | 2 | 1 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 4 | 5 | 13 |
| Net profit | 3 | 5 | 10 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 13 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 10 | 5 | 9 | 14 | 18 | 29 |
| Borrowings | 26 | 18 | 17 | 23 | 41 | 42 |
| Other liabilities | 9 | 9 | 8 | 7 | 6 | 14 |
| Total liabilities | 59 | 112 | 114 | 124 | 144 | 165 |
| Fixed assets | 8 | 9 | 17 | 16 | 16 | 16 |
| Capital work in progress | 0 | 0 | 0 | 2 | 2 | 6 |
| Investments | 1 | 1 | 1 | 3 | 3 | 7 |
| Other assets | 50 | 103 | 96 | 103 | 123 | 136 |
| Total assets | 59 | 112 | 114 | 124 | 144 | 165 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -7 | -14 | -44 | 14 | 5 | 1 |
| Cash from investing | 0 | 0 | -1 | -9 | -4 | -9 |
| Cash from financing | 7 | 14 | 45 | -4 | -2 | 7 |
| Net cash flow | 0 | 0 | 0 | 1 | -1 | 0 |
| Free cash flow | -7 | -15 | -45 | 5 | 3 | -3 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 98 | 120 | 115 | 130 | 224 | 365 |
| Inventory days | 98 | 152 | 161 | 241 | 488 | 1432 |
| Days payable | 38 | 31 | 28 | 30 | 57 | 180 |
| Cash conversion cycle | 158 | 241 | 248 | 341 | 656 | 1617 |
| Working capital days | 78 | 150 | 334 | 379 | 718 | 1409 |
| Return on capital employed | 4.0% | 10.0% | 11.0% | 6.0% | 4.0% | 11.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Promoters hold 62.11% as of Sept 2026; institutions added 0.01 pts since Jun 2026.
- Promoters 62.11%
- Foreign institutions 0.35%
- Public 37.53%
Who is on the register
Named in the Sep 2026 filing
Every holder of Rhetan TMT Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 55.52% | unchanged | |
| 6.52% | unchanged | |
| 5.65% | unchanged | |
| 3.99% | unchanged | |
| 3.07% | unchanged | |
| 2.84% | unchanged | |
| 1.87% | unchanged | |
| 1.15% | unchanged | |
| 1.11% | unchanged | |
| 0.94% | 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.
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