Rhetan TMT Limited - metals and minerals in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L27100GJ1984PLC007041 Incorporated 26 June 1984 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: RHETAN · BSE: 543590 Public Limited Company metals and minerals MSME · Medium
Data last updated
Market Cap
₹1,069 Cr
RHETAN · NSE
Share Price
₹14.07
+4.92% today
Revenue
₹24.44 Cr
FY 2025-26 · -34.2% YoY
EBITDA
₹6.75 Cr
Margin 27.6%
Net Profit
₹10.30 Cr
FY 2025-26 · +233.3% YoY
P/E (TTM)
84.1x
P/B 9.9x
ROE
10.2%
ROCE 11.1%
Debt / Equity
0.32
Interest cover 24.9x

About Rhetan TMT Limited

Data last updated:

Rhetan TMT Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ashoka Metcast Limited. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 26 June 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27100GJ1984PLC007041. Its GSTIN is 24AACCS6850M2Z0 (Gujarat). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 543590 and NSE: RHETAN.

The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹79.69 Cr. It was formerly known as Shree Ghantakarna Rolling Mills Private Limited and Shivani Rolling Mills Private Limited. It is led by directors including Shalin Ashok Shah (Managing Director) and Ashok Chinubhai Shah.

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor Ashoka Chambers Rasala Marg Mithakhali, Ahmedabad, Gujarat, India – 380006.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹24.44 Cr, a decline of 34.2% compared to the previous year. For the same year it recorded a net profit of ₹10.3 Cr (net margin 42.1%) and EBITDA of ₹6.75 Cr (EBITDA margin 27.6%). The net worth stands at ₹108.62 Cr (up 15.6% YoY). Total assets are valued at ₹150.75 Cr (up 29.2% YoY).

The company has about 2 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Rhetan. As per MCA filings, the company has open charges of ₹18.55 Cr and satisfied charges of ₹2.64 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 3 cases are pending. The company has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹24.23 Cr; the latest was in September 2022. Its 8 peer companies in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products) are compared by revenue, 5 larger and 3 smaller; the largest is Romax Steels Private Limited with revenue of ₹38.95 Cr.

Rhetan TMT Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0000632). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rhetan.com.

Company details

CIN L27100GJ1984PLC007041
Registration Number 007041
Incorporation Date 26 June 1984
ROC Ahmedabad
Listing Status Listed - Listed on NSE (RHETAN); Listed on BSE (543590)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Ashoka Metcast Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-14-0000632

Name history

Rhetan TMT has undergone 4 name changes throughout its history. The current legal name is Rhetan Tmt Limited.

Company NameStatus
Rhetan TMT LimitedCurrent
Shree Ghantakarna Rolling Mills Private LimitedPrevious
Shivani Rolling Mills Private LimitedPrevious
Rhetan Rolling Mills Private LimitedPrevious
Rhetan Tmt Private LimitedPrevious

CIN history

Rhetan TMT has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L27100GJ1984PLC007041, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L27100GJ1984PLC007041Current
U27100GJ1984PLC007041Previous
U99999GJ1984PTC007041Previous
U27100GJ1984PTC007041Previous
L24105GJ1984PLC007041Previous

Recognitions & Rankings of Rhetan TMT

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-14-0000632

Contact details

Rhetan TMT Limited's registered office is in Ahmedabad, Gujarat. Its website is rhetan.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
  • Registered Address
    7th Floor Ashoka Chambers Rasala Marg Mithakhali, Ahmedabad, Gujarat, India – 380006
  • Industry
    Metals and Minerals, Steel Manufacturing & Processing

To see the full contact details of Rhetan TMT Limited, buy the company report.

Comprehensive company report
Rhetan TMT Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Secure checkout · GST invoice included

Brands

Rhetan TMT operates one associated brand: Rhetan. Each brand links to its own profile.

BrandDescriptionWebsite
Steel products are manufactured and distributed by Rhetan.rhetan.com

Business activity

The main business activity of Rhetan TMT is manufacturing. In detail, this covers metal and metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC7Metal and metal products

To see the full business activity and turnover split of Rhetan TMT Limited, buy the company report.

Financials of Rhetan TMT Limited

FY 2025-26 filings available

Rhetan TMT Limited reported revenue of ₹24.44 Cr (down 34.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹24.44 Cr
-34.2% YoY
EBITDA
₹6.75 Cr
+69.6% YoY
Profit After Tax
₹10.30 Cr
+233.3% YoY
Net Worth
₹109 Cr
+15.6% YoY
Total Assets
₹151 Cr
+29.2% YoY
Total Debt
₹42.13 Cr
+85.5% 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
Revenue24.4437.1664.7786.0267.0352.0920.01
Revenue growth-34.2%-42.6%-24.7%+28.3%+28.7%+160.3%-
EBITDA6.753.987.058.174.601.600.58
EBITDA margin+27.6%+10.7%+10.9%+9.5%+6.9%+3.1%+2.9%
Profit before tax13.173.405.257.132.870.190.11
Net profit10.303.093.875.402.340.14(0.58)
Net profit margin+42.1%+8.3%+6.0%+6.3%+3.5%+0.3%-2.9%
EPS (₹)0.130.040.050.071.770.12(1.45)
Balance sheet
Total assets15111710610350.2433.8624.83
Net worth10993.9989.0485.1723.758.420.88
Total debt42.1322.7116.6517.8426.4925.4323.94
Cash & bank0.300.301.250.280.120.190.14
Net working capital11088.5783.9791.6040.3621.8313.05
Cash flow
Cash from operations1.344.9713.90(44.26)(14.44)(7.02)(11.92)
Cash from investing(8.70)(4.36)(8.80)(0.73)(0.10)(0.17)(1.60)
Cash from financing7.36(1.57)(4.12)45.1514.477.2313.57
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.068.496.154.765.046.496.384.95
Revenue growth (YoY)-19.4%+30.8%-3.6%-3.8%-74.0%---
Other income4.452.223.172.450.683.420.010.00
Total expenses4.725.953.773.664.439.504.151.82
EBITDA(0.66)2.542.381.100.61(3.01)2.233.13
EBITDA margin-16.3%+29.9%+38.7%+23.1%+12.1%-46.4%+35.0%+63.2%
Depreciation0.150.140.140.140.14(0.15)0.260.24
Interest0.330.320.340.380.390.370.400.40
Profit before tax3.314.305.073.030.760.191.582.49
Tax0.152.080.640.160.00(0.30)0.190.22

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue4.068.496.154.765.046.496.384.95
Revenue growth (YoY)-19.4%+30.8%-3.6%-3.8%-74.0%---
Other income4.452.223.172.450.683.420.010.00
Total expenses4.725.953.773.664.439.504.151.82
EBITDA(0.66)2.542.381.100.61(3.01)2.233.13
EBITDA margin-16.3%+29.9%+38.7%+23.1%+12.1%-46.4%+35.0%+63.2%
Depreciation0.150.140.140.140.14(0.15)0.260.24
Interest0.330.320.340.380.390.370.400.40
Profit before tax3.314.305.073.030.760.191.582.49
Tax0.152.080.640.160.00(0.30)0.190.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24.4437.1664.7786.0267.0352.0920.01
Revenue growth-34.2%-42.6%-24.7%+28.3%+28.7%+160.3%-
Other income8.521.570.450.920.010.040.07
Total expenses17.6933.1857.7277.8562.4350.4919.43
Employee cost1.231.031.041.211.041.150.54
EBITDA6.753.987.058.174.601.600.58
EBITDA margin+27.6%+10.7%+10.9%+9.5%+6.9%+3.1%+2.9%
Depreciation0.560.590.720.660.470.470.24
Interest1.541.561.531.301.270.980.30
Profit before tax13.173.405.257.132.870.190.11
Tax2.870.311.381.730.530.050.69
Net profit10.303.093.875.402.340.14(0.58)
Net profit margin+42.1%+8.3%+6.0%+6.3%+3.5%+0.3%-2.9%
EPS (₹)0.130.040.050.071.770.12(1.45)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital79.6979.6979.6979.6913.2511.404.00
Reserves & surplus28.9314.309.355.4810.50(2.98)(3.12)
Shareholders' funds (net worth)10993.9989.0485.1723.758.420.88
Secured loans15.1915.6315.6513.6514.9511.748.52
Unsecured loans26.947.081.004.1911.5413.6915.42
Total debt42.1322.7116.6517.8426.4925.4323.94
Total liabilities15111710610350.2433.8624.83
Assets
Gross block19.2019.0018.9810.189.489.389.22
Net block15.9516.3116.878.588.298.648.95
Capital work in progress5.731.500.000.000.000.000.00
Investments7.322.990.830.831.041.041.04
Inventories50.9839.8934.3431.8724.2011.588.47
Sundry debtors24.4422.8323.1027.1022.0014.037.32
Cash & bank balances0.300.301.250.280.120.190.14
Loans & advances47.9931.6832.7641.052.041.252.07
Total current assets12494.7091.4510048.3627.0518.00
Total current liabilities13.906.137.488.708.005.224.95
Net working capital11088.5783.9791.6040.3621.8313.05
Total assets15111710610350.2433.8624.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.301.250.280.120.190.140.09
Net cash from operating activities1.344.9713.90(44.26)(14.44)(7.02)(11.92)
Net cash from investing activities(8.70)(4.36)(8.80)(0.73)(0.10)(0.17)(1.60)
Net cash from financing activities7.36(1.57)(4.12)45.1514.477.2313.57
Net change in cash0.00(0.96)0.980.16(0.07)0.040.05
Closing cash0.300.301.250.280.120.190.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-34.2%-42.6%-24.7%+28.3%+28.7%+160.3%-
EBITDA growth+69.6%-43.6%-13.7%+77.6%+187.5%+175.9%-
PBT growth+287.4%-35.2%-26.4%+148.4%+1410.5%+72.7%+9997.0%
Net income growth+233.3%-20.2%-28.3%+130.8%+1571.4%+124.1%-
Revenue CAGR (3Y)-34.3%-17.9%+7.5%+62.6%---
EBITDA CAGR (3Y)-6.2%-4.7%+63.9%+141.5%---
Profitability & leverage
Net income margin+42.1%+8.3%+6.0%+6.3%+3.5%+0.3%-2.9%
Return on capital employed+11.1%+4.5%+6.5%+11.0%+9.4%+3.8%0.0%
Return on net worth+10.2%+3.4%+4.5%+9.9%+13.0%+2.2%0.0%
Debt / equity0.320.220.200.411.676.0679.81
Long-term debt / equity0.000.010.030.160.773.2551.40
Interest cover24.8846.0224.1717.3130.7586.7388.24
Efficiency & per share
Fixed asset turnover1.322.024.639.307.575.972.32
Inventory turnover0.541.001.963.073.755.202.36
Debtors turnover1.031.622.583.503.724.882.73
EPS (₹)0.130.040.050.071.770.12(1.45)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)1.361.171.111.0617.486.870.76

To see the full year-wise statements and ratios of Rhetan TMT Limited, buy the company report.

Board of directors of Rhetan TMT Limited

Rhetan TMT has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shalin Ashok ShahManaging Director08 Jan 20224 Years 9 MonthsCurrent
Ashok Chinubhai ShahDirector08 Jan 20224 Years 9 MonthsCurrent
Rushabh Rajnikantbhai ShahDirector22 Jan 20224 Years 9 MonthsCurrent
Swapnil Sharad ShimpiAdditional Director10 Nov 20250 Years 11 MonthsCurrent
Yash Vishwanath BodadeDirector12 Aug 20242 Years 2 MonthsCurrent
Deepti Ghanshyam GavaliDirector01 Sep 20233 Years 2 MonthsCurrent

Peer comparison

Rhetan TMT Limited is compared with the 8 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Romax Steels Private Limited₹38.95 Cr (FY 2021)-16.0%Ludhiana, Punjab, India
Electralloy Special Steel Castings Private Limited₹38.94 Cr (FY 2021)-3.0%Kilpauk, Chennai 600010, Tamil Nadu, India
Afond Steel Complex Private Limited₹38.93 Cr (FY 2024)67.0%New Delhi, Delhi, India
Sasco Steel Private Limited₹38.92 Cr (FY 2024)16.0%Jamshedpur, Jharkhand, India
Radheshree Wires and Coils Private Limited₹38.78 Cr (FY 2024)-5.0%Raipur, Chhattisgarh, India
Jai Matadi Ispat Limited₹38.63 Cr (FY 2025)-16.0%Patna, Bihar, India
Fewas Infrastructure Private Limited₹38.57 Cr (FY 2025)475.0%Adityapur, Jharkhand, India
Panchsheel Global Private Limited₹38.53 Cr (FY 2025)12.0%Abu Road, Rajasthan, India
Rhetan TMT Limitedthis company₹24.44 Cr (FY 2026)₹10.3 Cr42.1%-34.2%2Ahmedabad, Gujarat, India

To see the full peer comparison of Rhetan TMT Limited, buy the company report.

Auditor

Rhetan TMT Limited is audited by GMCA & Co. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GMCA & Co.FY 2023109850W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.10%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 37.60%.

Promoters: 62.10%FII (Foreign Institutional): 0.30%Retail & Others: 37.60%
Sep 2026
QUARTER
62.10% Promoters
0.30% FII (Foreign Institutional)
37.60% Retail & Others
Promoter holding - history
Now 62.10% · Sep 2026High 62.10% · Dec 2025Low 62.10% · Dec 2025
61%61.8%62.5%63.3%64%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 62.10%Mar 2026: 62.10%Jun 2026: 62.10%Sep 2026: 62.10%62.10%62.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.10%62.10%62.10%62.10%
Public37.90%37.90%37.90%37.90%

Charges & borrowings

Open charges
₹18.55 Cr
Satisfied charges
₹2.64 Cr
Breakdown by lending institutions
Others₹18.55 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
24 Dec 2018100230945Others₹18.55 CrOpen
08 Dec 199880066003Charotar Nagrik Sahkari Bank Ltd₹1.5 CrSatisfied
08 Dec 199880066002Charotar Nagrik Sahkari Bank Ltd₹1.14 CrSatisfied

To see the full charge records of Rhetan TMT Limited, buy the company report.

Total charge records: 3 View all charges

Deals & funding

Rhetan TMT Limited has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹24.23 Cr; the latest was in September 2022.

Total deals
20
Market trades
8
Secondary share transfers
7
Funding rounds
4
IPO
1
Disclosed funding
₹24.23 Cr

Deals on record (5 of 20)

WhenDealAmountParties
Sep 2022Market trade₹2.09 CrBuyer: Shreeji Capital and Finance Limited , an individual
Seller: an individual
Sep 2022Market trade₹2.87 CrBuyer: E Waste Recycling Private Limited , an individual
Seller: 3 individuals
Sep 2022Market trade₹16.62 CrBuyer: Clear Water Commodities Private Limited , KCP Retail Private Limited , 2 individuals
Seller: Vishal Rajnikant Bhansali(Huf), 3 individuals
Sep 2022Market trade₹11.13 CrBuyer: Clear Water Commodities Private Limited , Multiplier Share and Stock Advisors Private Limited , 2 individuals
Seller: All Trade Consultants Private Limited , Sunrise Gilts & Securities Private Limited , Affluence Shares and Stocks Private Limited
Sep 2022Market trade₹4.84 CrBuyer: KCP Retail Private Limited
Seller: Affluence Commodities Private Limited , an individual

To see the full deal history of Rhetan TMT Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rhetan TMT Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Rhetan TMT Limited has a workforce of 2 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.

Employee count
2
Active EPFO establishments
1

GST

Rhetan TMT has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AACCS6850M2Z0GujaratActive07 Sep 2017

To see the full GST registrations and return filing status of Rhetan TMT Limited, buy the company report.

Recent activity

Rhetan TMT Limited has 12 board changes on record since 2022: 9 appointments and 3 cessations. The latest: Swapnil Sharad Shimpi was appointed as Additional Director on 10 Nov 2025.

Filing
Rhetan Tmt Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Swapnil Sharad Shimpi was appointed as Additional Director.
AGM
Rhetan Tmt Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Ceased
Paragkumar Prakashchandra Raval ceased to be Director.
Appointed
Paragkumar Prakashchandra Raval was appointed as Director.
Appointed
Yash Vishwanath Bodade was appointed as Director.
Ceased
Payal Punit Pandya ceased to be Company Secretary.
Charges
A charge with Others of Rs. 18.55 Cr registered on 24 Dec 2018 with Charge ID 100230945 was modified on 26 Oct 2023.
Appointed
Deepti Ghanshyam Gavali was appointed as Director.
Ceased
Twinkle Kishorbhai Chheda ceased to be Director.
Appointed
Twinkle Kishorbhai Chheda was appointed as Director.
Appointed
Rushabh Rajnikantbhai Shah was appointed as Director.

11 earlier events are in the company report.

Frequently asked questions

Rhetan TMT is an active public limited company based in Ahmedabad, Gujarat, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 26 June 1984 (42+ years old) and is registered under CIN L27100GJ1984PLC007041. Listed on BSE: 543590 and NSE: RHETAN.

Rhetan TMT reported revenue of ₹24.44 Cr for FY 2025-26 (down 34.2% YoY) based on standalone financials.

Rhetan TMT has 6 current directors:

The latest financial statements of Rhetan TMT on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Rhetan TMT is 24AACCS6850M2Z0, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.

The CIN (Corporate Identification Number) of Rhetan TMT is L27100GJ1984PLC007041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rhetan TMT is a listed company as per MCA records. Its shares are listed on both BSE (code: 543590) and NSE (symbol: RHETAN).

Rhetan TMT has 10 court cases on record: 8 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.

Rhetan TMT was incorporated on 26 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Rhetan TMT has 20 deals on record (8 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹24.23 Cr; the latest was in September 2022.

The peers of Rhetan TMT by revenue are Romax Steels Private Limited, Electralloy Special Steel Castings Private Limited, Afond Steel Complex Private Limited, Sasco Steel Private Limited, Radheshree Wires and Coils Private Limited and 3 more, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).