RHI Magnesita India (NSE:RHIM) Operating Income: ₹2,449 Mil (TTM As of Mar. 2026)

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NSE:RHIM RHI Magnesita India Ltd NSE:RHIM
79 GF Score
Price ₹395.60
GF Value ₹622.62
Valuation Significantly Undervalued
! 3 Warning Signs
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What is RHI Magnesita India Operating Income?

RHI Magnesita India NSE:RHIM -0.72% 79 Operating Income is ₹2,449 Mil as of Mar. 2026. GuruFocus rates NSE:RHIM with a GF Score™ of 79/100 and a GF Value™ of ₹622.62 (Significantly Undervalued). The stock has 3 warning signs investors should review.

RHI Magnesita India's Operating Income for the three months ended in Mar. 2026 was ₹362 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹2,449 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. RHI Magnesita India's Operating Income for the three months ended in Mar. 2026 was ₹362 Mil. RHI Magnesita India's Revenue for the three months ended in Mar. 2026 was ₹9,323 Mil. Therefore, RHI Magnesita India's Operating Margin % for the quarter that ended in Mar. 2026 was 3.88%.

Warning Sign:

RHI Magnesita India Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -17.4%.

RHI Magnesita India's 5-Year average Growth Rate for Operating Margin % was -17.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. RHI Magnesita India's annualized ROC % for the quarter that ended in Mar. 2026 was 3.82%. RHI Magnesita India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -100.32%.


RHI Magnesita India  (NSE:RHIM) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

RHI Magnesita India's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1448.052 * ( 1 - 0% )/( (0 + 37863.955)/ 1 )
=1448.052/37863.955
=3.82 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=48607.176 - 6781.708 - ( 3961.513 - max(0, 9393.805 - 25866.64+3961.513))
=37863.955

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

RHI Magnesita India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-19808.36/( ( (0 + max(0, 0)) + (9194.46 + max(10550.99, 0)) )/ 1 )
=-19808.36/( ( 0 + 19745.45 )/ 1 )
=-19808.36/19745.45
=-100.32 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7031.269 + 10988.608 + 742.308) - (6781.708 + 0 + 1429.487)
=10550.99

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

RHI Magnesita India's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=362.013/9322.59
=3.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


RHI Magnesita India Operating Income Related Terms


RHI Magnesita India Operating Income Historical Data

* Premium members only.

The historical data trend for RHI Magnesita India's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RHI Magnesita India Operating Income Chart

RHI Magnesita India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,629.45 3,186.34 3,962.40 2,791.60 2,448.78

RHI Magnesita India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 462.94 551.50 601.23 934.03 362.01
NSE:RHIM
79GF Score
RHI Magnesita India Ltd NSE:RHIM
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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RHI Magnesita India Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹2,449 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹2,449 Mil mean?
RHI Magnesita India (NSE:RHIM) has a Operating Income of ₹2,449 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on RHI Magnesita India and its competitors.
Is RHI Magnesita India's Operating Income too high?
RHI Magnesita India's current Operating Income is ₹2,449 Mil. Overall, RHI Magnesita India has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RHI Magnesita India's Operating Income compare to CRS and ATI?
RHI Magnesita India's Operating Income of ₹2,449 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on RHI Magnesita India and its competitors. RHI Magnesita India's current Operating Income is ₹2,449 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RHI Magnesita India stock overvalued right now?
Based on GuruFocus' analysis, RHI Magnesita India (NSE:RHIM) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹622.62, compared to a current price of ₹395.60 — trading 36.5% below its estimated fair value. The current Operating Income is ₹2,449 Mil. RHI Magnesita India's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For RHI Magnesita India (NSE:RHIM), the current Operating Income is ₹2,449 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RHI Magnesita India (NSE:RHIM) Overvalued in 2026?

Based on GuruFocus' analysis, RHI Magnesita India stock appears to be undervalued. The current stock price of ₹395.60 is trading 36.5% below its estimated GF Value™ of ₹622.62. GuruFocus considers RHI Magnesita India to be Significantly Undervalued.

Key valuation signals for NSE:RHIM:

  • Operating Income: ₹2,449 Mil
  • GF Value™: ₹622.62 vs. price of ₹395.60 (36.5% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the NSE:RHIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RHI Magnesita India Business Description

Other Exchanges 534076:India
Address Jacaranda Marg, 19th & 20th Floor, DLF Square, M-Block. Phase II, DLF City, Gurugram, HR, IND, 122002
RHI Magnesita India Ltd is engaged in the business of manufacturing and trading refractories, monolithics, bricks, and ceramic paper, and rendering management services. Its product offerings include isostatically pressed continuous casting refractories, slide gate plates, nozzles and well blocks, tundish nozzles, bottom purging refractories and top purging lances, slag arresting darts, basic spray mass for tundish working lining, and castables. The company's products are used in steel, cement and lime, non-ferrous metals, glass, and other industries. It operates in the Indian and international markets, of which a majority of its revenue is generated within India.
79GF Score

Get the complete analysis for NSE:RHIM

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹395.60
Price
₹622.62
GF Value