What we do RHI Magnesita India Ltd is a leading manufacturer of refractory products essential for high-temperature industrial processes in steel, cement, non-ferrous metals, and glass sectors. |
Founded in 2,010 |
Market share Market leader with approximately 30% share in the Indian refractory industry. |
Problem solved Provides durable refractory solutions to withstand extreme temperatures, enhancing efficiency and life-span of industrial furnaces and kilns. |
Top clients or who we serve Serves steel, cement, non-ferrous metals, chemicals, energy, and glass industries in B2B markets. |
Key management Parmod Sagar (Chairman, Managing Director & CEO), Azim Syed (Whole-Time Director & CFO) |
Our journey and innovations Formed by integrating three subsidiaries and acquiring others, expanded manufacturing to 8 plants with world-class R&D; introduced robotic steelmaking solutions and advanced refractory technologies. |
Where we operate Pan-India with exports in Gulf and African regions; 8 manufacturing plants and over 25 project sites. |
Top products or what we offer High-grade magnesia, alumina, chrome bricks, monolithic castables, slide gate systems, and robotic refractory services. |
Top brands INTERSTOP Ladle Gate System, 4PRO steelmaking contracts, high-performance magnesia chrome bricks, eco-grade cement kiln bricks. |
Raw materials needed Magnesia, alumina, chromite, and industrial by-products for refractory production. |
Raw materials supplier Sourced from global and local mineral suppliers and recycling initiatives. |
Recurring vs cyclical contribution Revenue is primarily recurring, driven by ongoing industrial consumption and maintenance services. |
Our industry position India’s largest refractory firm, global presence through RHI Magnesita Group, strong product portfolio and service contracts. |
Financial highlights FY25 consolidated revenue ₹3674.5 Cr, net profit ₹202.5 Cr; Q3 FY26 quarterly revenue ₹1092 Cr with 13.7% EBITDA margin. |
Geographical revenue split ~88% revenues from India, ~12% from exports including Gulf and African markets. |
Order book Long-term 4PRO contracts with integrated steel plants and mini mills support robust order pipeline. |
Whats driving growth Growth fueled by India’s steel export surge, increased capex in steel and cement sectors, new product launches, and operational excellence. |
Our future plans Expand production capacity, complete mergers of subsidiaries, invest in automation, and sustainability initiatives. |
Our green promise Transitioning to gas-fired kilns, implementing waste recycling, reducing greenhouse emissions, and supporting circular economy. |
Our people and values Workforce of over 6,300 employees with strong culture of safety, diversity, inclusion, and continuous learning. |
Key challenges ahead Raw material price volatility, currency fluctuation impacts, regulatory compliance, and competition from imports. |
Interesting facts Achieved record ladle lining heats, first robotic solutions in Indian steelmaking, awarded Tata Steel Agile Partner of the Year 2025. |
Risks and strategy Mitigation through risk management framework, operational excellence, innovation, and strong governance. |
