Orient Refractories

Mumbai, India Founded: 2010 • Age: 16 yrs Listed
Manufacturer and supplier of refractory and monolithic products for the iron and steel industry

About Orient Refractories

Orient Refractories is a publicly listed company based in Mumbai (India) founded in 2010. Manufacturer and supplier of refractory and monolithic products for the iron and steel industry. The company has 930 employees. Orient Refractories has completed 1 acquisition, including Intermetal Engineers. Its chief executive, as recorded, is Parmod Sagar. Its Indian entity Rhi Magnesita India Limited reported revenue of ₹4,049 Cr. Orient Refractories offers products and services including Online Casino Games and Sports Betting. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Orient Refractories, founded in 2010 in Mumbai, India, focuses on industrial goods and manufacturing, and manufacturing services. Manufacturer and supplier of refractory and monolithic products for the iron and steel industry. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.

  • Headquarters Mumbai, India
  • Employees 930
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website orientrefractories.com
  • Social LinkedIn
  • Legal Name Rhi Magnesita India Limited
  • Date of Incorporation 26 Nov, 2010
  • Jurisdiction Mumbai, Maharashtra, India
Key Metrics
  • Market Cap
    ₹7,192 Cr

    RHIM · NSE

  • Share Price
    ₹352.70

    +1.26% today

  • Revenue
    ₹4,020 Cr

    FY 2025-26 · +9.4% YoY

  • EBITDA
    −₹114 Cr

    Margin -2.8%

  • Net Profit
    ₹107 Cr

    FY 2025-26 · -47.4% YoY

  • P/E (TTM)
    38.4x

    P/B 2.0x

  • Debt / Equity
    0.11

    Interest cover -12.1x

  • Employee Count
    930
  • Investments & Acquisitions

Products & Services of Orient Refractories

Orient Refractories offers a comprehensive portfolio of products and services, including Online Casino Games and Sports Betting.

Online Casino Games
Gaming Services

Online casino games are offered, including slots and live dealer options, which are provided for user entertainment and betting.

Sports Betting
Betting Services

Sports betting services are provided, covering events like football and e-sports, which are made available for wagering on the platform.

Board of directors of Rhi Magnesita India Limited (Orient Refractories)

Rhi Magnesita India Limited is the primary company behind Orient Refractories. The board of Rhi Magnesita India Limited currently have 8 directors; the longest-serving is Parmod Sagar, appointed in 2013. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Parmod Sagar
DIN 06500871
Managing Director26 Sep 201313 yrs 1 moRhi Magnesita India Limited
Sonu Chadha
DIN 00129923
Director13 Aug 20197 yrs 2 moRhi Magnesita India Limited
Gustavo Lucio Goncalves Franco
DIN 08754857
Director06 Jun 20206 yrs 4 moRhi Magnesita India Limited
Nazim Sheikh
DIN 00064275
Director03 Nov 20205 yrs 11 moRhi Magnesita India Limited
Kamal Sarda
DIN 03151258
Director14 Aug 20242 yrs 2 moRhi Magnesita India Limited
Priyabrata Panda
DIN 07048273
Director28 May 20251 yr 5 moRhi Magnesita India Limited
Azim Syed
DIN 10641934
Whole-time director28 May 20251 yr 5 moRhi Magnesita India Limited
Alvaro Martin Rivero
DIN 11433702
Director14 Jan 20269 moRhi Magnesita India Limited

People of Orient Refractories

1 people are tracked at Orient Refractories (1 in leadership); the tracked headcount is 930.

NameRoleGroup
CEO & Managing DirectorLeadership
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IPO & Listings of Orient Refractories

Orient Refractories is a publicly listed company on the NSE with ticker symbol RHIM in India, operating in the Refractories sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date12 Mar 2012
  • Listed onNSE: ORIENTREF
  • Listed entityRhi Magnesita India Limited
  • Exchange sectorRefractories

Financials of Orient Refractories

Exchange-reported figures of Rhi Magnesita India Limited, the listed company behind Orient Refractories (NSE: RHIM).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,020 Cr
+9.4% YoY
EBITDA
−₹114 Cr
-123.7% YoY
Profit After Tax
₹107 Cr
-47.4% YoY
Net Worth
₹3,560 Cr
-11.0% YoY
Total Assets
₹4,013 Cr
-8.5% YoY
Total Debt
₹448 Cr
+18.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0203,6743,7812,7261,9991,3701,388
Revenue growth+9.4%-2.8%+38.7%+36.4%+45.9%-1.2%-
EBITDA(114)480221(300)389209215
EBITDA margin-2.8%+13.1%+5.9%-11.0%+19.5%+15.3%+15.5%
Profit before tax(320)263(15.52)(396)357185186
Net profit107204322274269137136
Net profit margin+2.7%+5.5%+8.5%+10.0%+13.5%+10.0%+9.8%
EPS (₹)(18.54)9.81(4.86)(24.79)16.7111.3711.31
Balance sheet
Total assets4,0134,3844,3484,5831,095869775
Net worth3,5603,9993,8462,8911,029806703
Total debt4483804871,58964.7162.3970.61
Cash & bank16099.2053.2632678.09160127
Net working capital1,5351,5331,4481,298758566529
Cash flow
Cash from operations40937327123827.26165173
Cash from investing(339)(113)(312)(1,150)(69.91)(78.76)26.00
Cash from financing(8.95)(213)(231)1,172(50.28)(53.68)(118)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0149321,0921,0359609181,011867
Revenue growth (YoY)+5.6%+1.6%+8.0%+19.4%+9.3%---
Other income9.2824.831.551.101.110.896.7815.39
EBITDA138(469)14310910292.96125107
EBITDA margin+13.6%-50.3%+13.1%+10.6%+10.6%+10.1%+12.4%+12.4%
Depreciation49.7351.1749.4749.3047.0846.6654.7850.31
Interest9.857.8211.409.458.339.3612.849.79
Profit before tax87.40(503)83.5551.7847.9337.8364.2962.39
Tax22.8015.0821.9913.4312.671.6416.7616.48
Net profit64.60(518)61.5638.3535.2636.1947.5345.91
EPS (₹)3.13(25.09)2.991.851.711.752.302.22
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3572,8922,8242,4881,9911,366696
Revenue growth+16.1%+2.4%+13.5%+25.0%+45.7%+96.3%-
EBITDA(315)384112(295)384208122
EBITDA margin-9.4%+13.3%+4.0%-11.9%+19.3%+15.3%+17.5%
Profit before tax(400)30134.41(345)356184117
Net profit124224(577)31626813687.24
Net profit margin+3.7%+7.8%-20.4%+12.7%+13.5%+10.0%+12.5%
EPS (₹)(22.65)10.80(2.68)(22.70)16.6411.327.26
Balance sheet
Total assets3,6534,1234,0153,5481,094869427
Net worth3,5534,0753,9022,9281,027805427
Total debt98.1245.3411161864.7162.140.00
Cash & bank10273.4034.6212270.93154113
Net working capital1,1851,1871,079764751559280
Cash flow
Cash from operations31225986.9235126.4716696.93
Cash from investing(276)(85.09)(650)(768)(70.95)(78.43)27.45
Cash from financing(6.89)(135)476481(50.28)(54.75)(36.44)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue863786903862805755774661
Revenue growth (YoY)+7.2%+4.0%+16.7%+30.4%+14.9%---
Other income6.803.340.960.600.73(1.67)2.811.48
Total expenses7431,375789785723683678574
EBITDA120(590)11477.4282.0872.6096.5186.54
EBITDA margin+13.9%-75.0%+12.6%+9.0%+10.2%+9.6%+12.5%+13.1%
Depreciation20.7522.8321.2220.8519.0519.3619.9219.42
Interest1.541.491.821.571.420.764.092.98
Profit before tax105(610)92.2155.6062.3450.8175.3165.62
Tax26.6713.9223.3114.3115.7914.4219.1416.83

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0149321,0921,0359609181,011867
Revenue growth (YoY)+5.6%+1.6%+8.0%+19.4%+9.3%---
Other income9.2824.831.551.101.110.896.7815.39
EBITDA138(469)14310910292.96125107
EBITDA margin+13.6%-50.3%+13.1%+10.6%+10.6%+10.1%+12.4%+12.4%
Depreciation49.7351.1749.4749.3047.0846.6654.7850.31
Interest9.857.8211.409.458.339.3612.849.79
Profit before tax87.40(503)83.5551.7847.9337.8364.2962.39
Tax22.8015.0821.9913.4312.671.6416.7616.48
Net profit64.60(518)61.5638.3535.2636.1947.5345.91
EPS (₹)3.13(25.09)2.991.851.711.752.302.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0203,6743,7812,7261,9991,3701,388
Revenue growth+9.4%-2.8%+38.7%+36.4%+45.9%-1.2%-
Other income28.5926.0710.9614.885.4312.3210.36
Total expenses4,1343,1953,5603,0261,6101,1611,172
Employee cost37638437420412410692.41
EBITDA(114)480221(300)389209215
EBITDA margin-2.8%+13.1%+5.9%-11.0%+19.5%+15.3%+15.5%
Depreciation19720018270.9033.8329.7926.18
Interest37.5243.3265.4640.173.267.0413.54
Profit before tax(320)263(15.52)(396)357185186
Tax63.1760.1484.6069.3588.4847.9549.92
Net profit107204322274269137136
Net profit margin+2.7%+5.5%+8.5%+10.0%+13.5%+10.0%+9.8%
EPS (₹)(18.54)9.81(4.86)(24.79)16.7111.3711.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.6520.6520.6518.8016.1012.0112.01
Reserves & surplus3,5403,9783,8252,8721,013790687
Shareholders' funds (net worth)3,5603,9993,8462,8911,029806703
Minority interest0.000.000.0089.360.000.000.00
Secured loans0.000.000.8254.680.000.007.99
Unsecured loans4483804861,53564.7162.3962.62
Total debt4483804871,58964.7162.3970.61
Total liabilities4,0134,3844,3484,5831,095869775
Assets
Gross block4,3764,2493,1544,098396326285
Net block2,1282,7302,8053,258282243228
Capital work in progress47.7463.3348.7639.3433.8446.268.59
Investments2310.010.010.010.000.000.00
Inventories1,0991,074905956608353278
Sundry debtors703733817756489328332
Cash & bank balances16099.2053.2632678.09160127
Loans & advances39439842350716311569.01
Total current assets2,3562,3042,1982,5451,338956806
Total current liabilities8217717501,246579390277
Net working capital1,5351,5331,4481,298758566529
Total assets4,0134,3844,3484,5831,095869775
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash96.7550.0332262.2115512240.86
Net cash from operating activities40937327123827.26165173
Net cash from investing activities(339)(113)(312)(1,150)(69.91)(78.76)26.00
Net cash from financing activities(8.95)(213)(231)1,172(50.28)(53.68)(118)
Net change in cash60.8246.72(272)260(92.93)32.9681.31
Closing cash16099.2053.2632678.09160127
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.4%-2.8%+38.7%+36.4%+45.9%-1.2%-
EBITDA growth-123.7%+116.7%+173.8%-177.1%+86.1%-2.8%-
PBT growth-+9998.0%+96.1%-+93.7%-0.7%+35.1%
Net income growth-47.4%-36.9%+17.9%+1.6%+97.1%+0.7%-
Revenue CAGR (3Y)+13.8%+22.5%+40.3%+25.3%+38.8%--
EBITDA CAGR (3Y)-27.6%+7.2%+1.9%-+44.4%--
Profitability & leverage
Net income margin-9.5%+5.5%-2.7%-17.1%+13.5%+10.0%+9.8%
Return on capital employed0.0%+7.0%+8.6%+10.9%+36.7%+23.3%+34.6%
Return on net worth0.0%+5.2%+9.6%+14.0%+29.3%+18.1%+25.2%
Debt / equity0.110.110.310.420.070.090.07
Long-term debt / equity0.090.090.100.090.050.080.05
Interest cover-12.0715.48167.93-10.830.923.937.16
Efficiency & per share
Fixed asset turnover0.930.991.041.215.534.487.57
Inventory turnover3.703.714.063.494.164.347.02
Debtors turnover5.604.744.814.384.904.155.67
EPS (₹)(18.54)9.81(4.86)(24.79)16.7111.3711.31
Dividend per share (₹)2.502.502.502.502.502.502.50
Book value per share (₹)172.42193.64186.23153.7863.9066.7358.20
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue863786903862805755774661
Revenue growth (YoY)+7.2%+4.0%+16.7%+30.4%+14.9%---
Other income6.803.340.960.600.73(1.67)2.811.48
Total expenses7431,375789785723683678574
EBITDA120(590)11477.4282.0872.6096.5186.54
EBITDA margin+13.9%-75.0%+12.6%+9.0%+10.2%+9.6%+12.5%+13.1%
Depreciation20.7522.8321.2220.8519.0519.3619.9219.42
Interest1.541.491.821.571.420.764.092.98
Profit before tax105(610)92.2155.6062.3450.8175.3165.62
Tax26.6713.9223.3114.3115.7914.4219.1416.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3572,8922,8242,4881,9911,366696
Revenue growth+16.1%+2.4%+13.5%+25.0%+45.7%+96.3%-
Other income5.635.267.4313.049.3912.046.43
Total expenses3,6722,5082,7122,7831,6071,158574
Employee cost25525023117112310557.58
EBITDA(315)384112(295)384208122
EBITDA margin-9.4%+13.3%+4.0%-11.9%+19.3%+15.3%+17.5%
Depreciation83.9577.1568.1541.7833.6329.6110.96
Interest6.5811.2017.0421.133.267.030.83
Profit before tax(400)30134.41(345)356184117
Tax67.3477.8689.7981.9488.1747.7629.45
Net profit124224(577)31626813687.24
Net profit margin+3.7%+7.8%-20.4%+12.7%+13.5%+10.0%+12.5%
EPS (₹)(22.65)10.80(2.68)(22.70)16.6411.327.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.6520.6520.6518.8016.1012.0112.01
Reserves & surplus3,5324,0553,8812,9101,011789415
Shareholders' funds (net worth)3,5534,0753,9022,9281,027805427
Secured loans0.000.000.000.000.000.000.00
Unsecured loans98.1245.3411161864.7162.140.00
Total debt98.1245.3411161864.7162.140.00
Total liabilities--4,0153,5481,094869427
Assets
Gross block1,3741,2891,2301,180391321161
Net block1,0371,0161,0211,030278239129
Capital work in progress39.2549.5934.0227.4733.8446.263.70
Investments1,3921,8651,8651,71810.1310.1310.13
Inventories842771619634608353131
Sundry debtors579606701511488327146
Cash & bank balances10273.4034.6212270.93154113
Loans & advances32933331435916311540.89
Total current assets1,8511,7841,6701,6261,329949431
Total current liabilities667597591862579390151
Net working capital1,1851,1871,079764751559280
Total assets3,6534,1234,0153,5481,094869427
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash70.9432.1611955.6415011721.75
Net cash from operating activities31225986.9235126.4716696.93
Net cash from investing activities(276)(85.09)(650)(768)(70.95)(78.43)27.45
Net cash from financing activities(6.89)(135)476481(50.28)(54.75)(36.44)
Net change in cash29.1738.78(87.34)63.85(94.76)33.1587.94
Closing cash10273.4034.6212270.93154113
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+16.1%+2.4%+13.5%+25.0%+45.7%+96.3%-
EBITDA growth-182.2%+242.3%+138.0%-176.9%+84.1%+70.7%-
PBT growth-+774.4%+9998.0%-+93.8%+57.4%-15.2%
Net income growth-44.7%+138.8%-282.5%+17.9%+97.3%+55.9%-
Revenue CAGR (3Y)+10.5%+13.3%+27.4%+52.9%+38.6%+29.6%+10.3%
EBITDA CAGR (3Y)+2.3%+0.0%-18.7%-+43.8%+17.6%+5.5%
Profitability & leverage
Net income margin-13.9%+7.7%-2.0%-17.2%+13.5%+10.0%+12.5%
Return on capital employed0.0%+7.7%+9.7%+14.6%+36.6%+29.4%+29.2%
Return on net worth0.0%+5.6%-16.9%+16.0%+29.2%+22.1%+21.7%
Debt / equity0.020.020.110.170.070.050.00
Long-term debt / equity0.010.010.010.010.050.050.00
Interest cover-1.653.6538.71-6.270.933.930.75
Efficiency & per share
Fixed asset turnover2.522.302.343.175.595.665.74
Inventory turnover4.164.164.514.014.155.665.61
Debtors turnover5.674.424.664.984.885.774.58
EPS (₹)(22.65)10.80(2.68)(22.70)16.6411.327.26
Dividend per share (₹)2.502.502.502.502.502.502.50
Book value per share (₹)172.05197.36188.94155.7763.8166.7135.52

Investments & Acquisitions by Orient Refractories

Orient Refractories has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Intermetal Engineers.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Industrial cutting technology is provided for engineering applications.
intermetal.co.inThane, India1988Apr 2019••••
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Timeline of Orient Refractories

3 dated milestones of Orient Refractories across 9 years, from founding to its latest funding, stage changes and deals.

  1. Founded Orient Refractories is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Intermetal Engineers.

Web traffic of Orient Refractories

Websites that share an audience with Orient Refractories (orientrefractories.com).

Similar websites

Websites whose visitors overlap most with Orient Refractories. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
indiainfoline.com
100%
630.1K#78,261View details

Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Orient Refractories (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M3,060
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Frequently Asked Questions about Orient Refractories

Orient Refractories was founded in 2010.

Orient Refractories is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Parmod Sagar is the CEO of Orient Refractories, as recorded in our data.

Orient Refractories has 930 employees.

The primary company behind Orient Refractories, Rhi Magnesita India Limited, reported revenue of ₹4,049 Cr for FY 2026, up 9% year on year.

Orient Refractories, founded in 2010 in Mumbai, India, focuses on industrial goods and manufacturing, and manufacturing services. Manufacturer and supplier of refractory and monolithic products for the iron and steel industry. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.

Orient Refractories offers Online Casino Games and Sports Betting.

Yes, Orient Refractories is publicly traded on NSE under the ticker symbol RHIM.

Orient Refractories has made 1 acquisition, including Intermetal Engineers.

Orient Refractories operates through Rhi Magnesita India Limited.

The legal entities of Orient Refractories currently have 9 directors, including Sanjay Kumar, Nazim Sheikh, Parmod Sagar and others.

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