Rhetan TMT share price, P/E, ROE & financials

As of 6 Nov 2026, Rhetan TMT trades at 76.6× trailing earnings, above the industry P/E of 19.9×, and the shares are 63% below their 52-week high. It earns ROCE of 11% and ROE of 10%, and sales fell 34% a year over 3 years while net profit grew 24%, though net profit is above operating profit, which points to a one-off gain. Debt is 0.38× equity. It is a small-cap company with a market cap of ₹1,038 Cr, ranked 56th of 150 Steel companies by market cap; the shares fell 42% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹13.47
Day high: ₹13.63
Day low: ₹13.00
Prev. close: ₹13.47
Volume: 8.7 L

Health check

2 fair · 3 to check

ReturnsBehind
−42.2% over a year, better than 0 of 7 peers.
Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
GrowthSteady
Sales −34.3%, profit +23.9% a year over 3 years.
ProfitabilityWeak
ROCE 10.8% vs peer median 18.7%.
Balance sheetFair
Debt 0.38× equity, interest covered 4.5×.
Red flags4 to check
Quarterly sales down 19.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹1,038 Cr, #56 of 150 in its industry by size.

Moves with the market

Beta 1.08 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹23 Cr · profit ₹13 Cr

Market cap: ₹1,038 Cr; Small cap
P/E: 76.6; Industry 19.9
Price to book: 9.55; Peers 2.28
Dividend yield: 0.00%
ROE: 10.2%; Peers 23.4%
ROCE: 10.8%; Peers 18.7%
Debt to equity: 0.38; Debt ₹42 Cr
EPS (TTM): ₹0.17; Face value ₹1
OPM (TTM): 22.8%; Net margin 54.1%
Sales growth: −19.3%; Latest quarter vs a year ago
Profit growth: +316.7%; Latest quarter vs a year ago
Price to sales: 44.21; EV/EBITDA 215.7

Strengths

Quarterly profit up 316.7% on a year ago.

Risks to check

Quarterly sales down 19.3% on a year ago.
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
P/E of 76.6 against an industry P/E of 19.9.
63% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Rhetan TMT

Rhetan TMT Limited engages in the manufacture and sale of thermo-mechanically treated (TMT) bars in India. The company offers TMT bars are used in building homes, multi-storeyed, bridges, flyovers, and other civil engineering structures, as well as construction industry; and round bars for use in engineering component, forging industry, foundation bolts, and shafting products. Rhetan TMT Limited was incorporated in 1984 and is based in Ahmedabad, India.

Headquarters: Ahmedabad
Employees: 40
Sector: Basic Materials
ISIN: INE0KKN01029
Website: rhetan.com

Price range

52 weeks

₹12.76₹34.87

Today

₹13.00₹13.63

Avg volume (3M): 1.2 Cr
1-year return: minus 42.2%
From 52-week high: minus 62.7%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
RHETANRhetan TMT	13.02	minus 3.34%	1,038	76.6	–	–	22.8%	0.38	–	minus 42.2%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
5	4.8	6.2	8.5	4.1
4.4	3.7	3.8	6	4.7
0.6	1.1	2.4	2.5	−0.7
12.0%	23.0%	38.8%	29.9%	−16.3%
0.7	2.5	3.2	2.2	4.5
0.4	0.4	0.3	0.3	0.3
0.1	0.1	0.1	0.1	0.2
0.8	3	5.1	4.3	3.3
–	5.2%	12.5%	48.3%	4.5%
0.8	2.9	4.4	2.2	3.2
0.01	0.04	0.06	0.03	0.04

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −34.3%
Profit CAGR 3Y: +23.9%
EPS CAGR 3Y: +13.0%
ROE: 10.2%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
86	64.8	37.2	24.4
–	minus 24.7%	minus 42.6%	minus 34.2%
78	57.9	33.2	17.7
8	6.8	4	6.8
9.3%	10.5%	10.7%	27.6%
0.9	0.4	1.6	8.5
1.3	1.4	1.6	1.5
0.4	0.5	0.6	0.6
−0	–	–	–
7.1	5.3	3.4	13.2
24.2%	26.3%	9.2%	21.8%
5.4	3.9	3.1	10.3
–	minus 28.6%	minus 20.0%	+232.7%
0.09	0.05	0.04	0.13

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
79.7	79.7	79.7	79.7
5.5	9.3	14.3	28.9
17.8	16.6	22.7	42.1
9.5	8.4	6.8	14.4
113	114	124	165
8.6	16.9	17.8	21.7
–	–	1.5	5.7
0.3	0.3	0.3	0.3
104	97	104	137
113	114	124	165

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−44.3	13.9	5	1.3
−0.7	−8.8	−4.4	−8.7
45.1	−4.1	−1.6	7.4
0.2	1	−1	0
−0.8	−8.8	−1.5	−4.4
−45	5.1	3.5	−3.1

Shareholding pattern

Source: NSE filings

62.1%

promoters

Promoters62.12%
Public37.88%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	62.12%	37.88%	0.00
30 Jun 2026	62.12%	37.88%	0.00
31 Mar 2026	62.12%	37.88%	0.00
31 Dec 2025	62.12%	37.88%	0.00
30 Sep 2025	62.12%	37.88%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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