Should I buy Rhetan TMT stock in 2025? India Perspective

What is Rhetan TMT?

How much is Rhetan TMT stock?

The price of Rhetan TMT stock is declining this week. As of now, the stock is trading at ₹17.00, reflecting a slight 0.12% decrease over the last 24 hours and a 1.05% drop over the past week. The company’s market capitalization stands at ₹1,356 crore, with an average three-month trading volume of 210,539 shares.

Rhetan TMT’s P/E ratio is notably high, while the dividend yield remains at 0.00%, and the stock beta is 0.96, indicating typical market volatility. Investors should be mindful of recent price softness and elevated valuation before making investment decisions.

Our full analysis on Rhetan TMT stock

Having thoroughly examined Rhetan TMT Ltd.’s recent financial results as well as its stock performance spanning the past three years, we employed a multi-layered analytical approach—blending key financial indicators, technical trends, comparative market data, and competitive positioning through our proprietary algorithms. Our research reveals nuanced developments shaping the company’s current valuation and prospects. So, why might Rhetan TMT once again become a strategic entry point into India’s dynamic metal and infrastructure sector in 2025?

Recent Performance and Market Context

The last three years have seen Rhetan TMT stock deliver an impressive 860.45% return, propelling it onto the radar of growth-focused investors. Even amid cyclical sector volatility, this long-term performance sets Rhetan TMT apart in the BSE-listed steel segment. As of May 19, 2025, shares trade at ₹17.00, having fluctuated within a robust 52-week range of ₹11.20 to ₹24.61. While the stock faced a -13.44% correction over the past month and a moderate 6-month drawdown of -9.96%, the one-year return remains strong at 25.55%. These healthy consolidation phases are often essential in sustainable uptrends, as they reset technical conditions and shake out weak hands.

Notably, recent quarterly earnings display resilience on the bottom line, with only a 4.7% year-on-year decline in net profit even as top-line sales dipped—a testament to management's operational discipline. Furthermore, India’s construction, infrastructure, and real estate sectors are once again gathering steam post-pandemic. With Budget 2025 outlining increased government spend on bridges, roads, and urban development, the demand for high-strength TMT bars—Rhetan’s core offering—is structurally supported. A secular upturn in steel consumption amid industrial growth and pro-manufacturing policy continues to offer a favorable macroeconomic backdrop.

Technical Analysis

Rhetan TMT’s technical chart reveals a stock transitioning from a corrective to an accumulative phase. Near-term indicators are positioning for potential upside:

• Relative Strength Index (RSI) reads 46.73, a neutral level that may soon transition to bullish as oversold conditions abate.
• MACD signals (-0.06) are slightly bearish but showing early indications of flattening, which often precede a reversal in momentum for rebounding growth stocks.
• Moving Averages set up an intriguing inflection point:
• The price is above the 50-day Simple Moving Average (₹16.81), suggesting stabilizing support.
• A modest gap below the 200-day SMA (₹17.78) implies a breakout above ₹17.35 could foreshadow trend acceleration.
• Support and Resistance: Technical support is established at ₹16.80, with resistance at ₹17.35—a narrow range from which a decisive move is increasingly likely.

Bullish traders may see positive risk/reward in this technical configuration, especially as the stock trades at a potentially pivotal level. If Rhetan TMT can sustain momentum above its 50-day average and reclaim its 200-day moving average, it is likely to attract renewed institutional and retail buying interest, possibly catalyzing a new bullish phase.

Fundamental Analysis

From a fundamental standpoint, several core attributes justify the market’s optimism for Rhetan TMT:

• Long-term Revenue Growth: Despite a temporary deceleration in FY 2023-24 (revenue down 24.71% to ₹65 crore), the company has demonstrated the capacity for robust top-line increases across cycles—highlighted by its market-topping three-year price appreciation.
• Profitability and Capital Efficiency: Net profit for the year stood at ₹4 crore, with EBITDA margins stabilizing and key return metrics (ROCE at 7.43%, ROE at 4.35%) reflecting disciplined capital management in a challenging period—a sign of management’s focus on value creation.
• Strategic Strengths:
• Quality Leadership: IS 1786:2008 certification ensures product reliability—a top criterion for large-scale infrastructure buyers, positioning Rhetan to capitalize on government and private sector contracts.
• Established Brand: Over four decades of operational history and high-strength product characteristics (corrosion resistance, earthquake resistance) set a high bar for competitors.
• Promoter Commitment: With a promoter holding of 62.12%, there is a visible alignment of management interests with shareholders, reducing governance risks.
• Attractive Valuation Narrative: While the current P/E ratio (243.10) appears steep, it reflects investors’ willingness to pay for anticipated growth and market expansion. This is often typical of sector leaders during early cycles of demand resurgence or innovation. The premium valuation can be interpreted as a forward-looking signal that the market expects revenue normalization and EPS expansion as macro conditions improve.

Volume and Liquidity

Average daily volumes of 210,539 shares point to consistent liquidity, supporting ease of entry and exit even for larger market participants. Strong promoter holding and low institutional presence (public float at 14.74%) mean that positive news or upward price pressure can potentially result in swift, dynamic re-ratings—a condition which historically has preceded sharp rallies in high-growth small and mid-cap stocks.

The recent period of lower trading volume may indicate an accumulation base, where patient investors position ahead of the next growth or news catalyst. Market confidence is further underpinned by the absence of significant speculative froth, as price volatility (beta at 0.96) remains in line with broad market trends.

Catalysts and Positive Outlook

Looking ahead, several tangible and thematic catalysts could ignite further re-rating and investor enthusiasm for Rhetan TMT:

• Infrastructure Spending Boom: The Union Budget’s continued thrust on highway, metro, and affordable housing construction is set to drive incremental demand for certified TMT bars.
• New Project Announcements: Visible ordering activity from EPC (engineering, procurement, construction) companies after monsoon season typically supports volume upticks for reliable steel suppliers like Rhetan.
• ESG Advancements: As the Indian government pushes carbon efficiency and traceability in construction materials, Rhetan TMT’s IS 1786:2008 status may help secure contracts with environmentally-conscious developers and bolster its competitive edge.
• Potential for Institutional Entry: With no current FII or DII presence, a return to revenue growth or sustained margin expansion could draw new flows from institutional investors, amplifying re-rating potential.
• Corporate Actions: Recent bonus issues (as in February 2023) and regular shareholder meetings suggest an engaged management, open to further shareholder-friendly measures.
• Sector Upcycle: The metals and mining sector’s cyclicality works in favor of well-managed players during demand expansion phases, often resulting in valuation upgrades and market share gains.

Investment Strategies

Rhetan TMT’s strategic profile, combined with current technical and fundamental set-up, supports multiple approaches to portfolio construction:

Short-Term Positioning

• Potential for short-term entries around support (₹16.80) with tight stop-losses, aimed at capturing swing rallies towards resistance at ₹17.35 and above.
• Increased probability of sharp upward moves on positive earnings or contract win announcements in upcoming quarters.

Medium-Term Accumulation

• Investors can consider staggered buying during any additional consolidation, anticipating a move above the 200-day SMA as confirmation of a trend reversal and renewed market interest.
• Medium-term strategies may benefit from mean reversion as recent underperformance contrasts with long-term outperformance.

Long-Term Investment

• For those seeking exposure to India’s infrastructure renaissance, holding through cycles seems prudent given Rhetan’s established brand, product quality leadership, and transformational market context.
• As revenue and margin normalization play out, the current premium valuation could appear increasingly justified, particularly if the company surprises on operational leverage or launches value-added steel products.

Strategically, a phased accumulation approach ahead of the company’s next financial report or industry announcement appears optimal—enabling investors to capitalize on potential catalysts while managing risk.

Is it the Right Time to Buy Rhetan TMT?

Compelling reasons point to Rhetan TMT as a stock worth credible consideration for growth-oriented portfolios in 2025. The company’s proven resilience, quality certifications, promoter confidence, and unmatched three-year return profile underscore its core strengths. Despite cyclical revenue softening and a currently full valuation, the convergence of technical support, volume patterns, sectoral tailwinds, and india-specific infrastructure growth signals that Rhetan TMT may be entering a new phase of bullish interest.

The combination of established fundamentals, a supportive macro environment, and a technical setup primed for reversal supports a forward-leaning investment perspective. As such, the stock seems to represent an excellent opportunity for those prepared to capitalize on sectoral upswings and Rhetan TMT’s proven capability to deliver both operational and market outperformance.

A prudent, conviction-based positioning—especially at key technical levels or before significant catalysts—could enable investors to share in the next stage of growth for one of India’s most dynamic small-cap steel players. In today’s competitive market, Rhetan TMT’s profile stands out as a timely and warranted candidate for serious portfolio consideration, with the balance of probabilities tilting distinctly toward upside potential.

How to buy Rhetan TMT stock in India?

Buying Rhetan TMT stock online is both simple and secure when you use a regulated broker in India. Two widely-used methods are available: traditional spot buying, where you purchase actual shares on the Bombay Stock Exchange (BSE), and CFD (Contract for Difference) trading, which allows you to speculate on share price movements without owning the underlying asset. Each approach has advantages and specific costs. To make an informed choice that fits your investment goals, we encourage you to review the broker comparison table further down the page.

Spot Buying

When you buy Rhetan TMT shares in cash (also called "spot buying"), you become the legal owner of the shares on the BSE, enjoying all shareholder rights. In India, brokers typically charge a fixed commission per order, often ranging from ₹20 to ₹30, or a small percentage of the transaction. For illustration, let’s consider an investment of $1,000 (roughly ₹83,000, using an exchange rate of ₹83/USD):

• Share price of Rhetan TMT: ₹17.00
• Stake: ₹83,000
• Brokerage fee: Approx. ₹400 (around $5 equivalent)

With ₹83,000, you could buy about 4,880 shares (₹83,000 ÷ ₹17.00 per share), factoring in brokerage costs.

Example: Gain scenario

If Rhetan TMT's share price rises by 10%, your shares would now be worth around ₹91,300 (₹17.00 × 1.10 × 4,880 shares).
Result: That’s a gross gain of ₹8,300 or $100—an increase of about 10% on your initial investment (excluding taxes).

Trading via CFD

CFD trading allows you to speculate on Rhetan TMT share price movements without purchasing actual shares. With CFDs, you enter a contract with the broker and can amplify your market exposure by using leverage. The key fees include the spread (the gap between buy and sell prices) and overnight financing charges if you hold positions open for more than a day.

For example, with a $1,000 (₹83,000) stake and 5x leverage:

• Total market exposure: $5,000 (₹415,000)
• CFDs let you control this larger position, but risks and fees also scale up.

Example: Gain scenario

If Rhetan TMT shares rise by 8%, your CFD position gains 8% × 5 = 40%.
Result: That’s a profit of $400 (₹33,200) on your ₹83,000 margin deposit, excluding spreads and overnight fees.

Final Advice

Before investing, always compare brokers’ fees, platforms, and regulatory status. The total cost can significantly affect your returns, especially when trading frequently or using leverage. Your choice between spot buying and CFD trading should reflect your investment goals, risk appetite, and time horizon. To help you select the best provider for your needs, consult the broker comparison table available below. Investing in Rhetan TMT stock online is accessible to everyone—start smart, stay informed, and choose the method that suits you best.

Our 7 tips for buying Rhetan TMT stock

The latest news about Rhetan TMT

Rhetan TMT Ltd. stock has demonstrated robust long-term price appreciation, returning 25.55% over the past year and an outstanding 860.45% over three years. This sustained growth underscores investor confidence in the company’s strategic position within the Indian steel sector and reflects strong long-term momentum, despite recent short-term headwinds. The stock’s consistent rise signals that it remains a noteworthy option for risk-tolerant investors seeking exposure to India’s infrastructure and construction boom.

The company maintains a solid and established presence in India’s steel manufacturing industry, supported by IS 1786:2008 certification and a 30,000 MTPA production capacity. Operating since 1984 from its base in Ahmedabad, Gujarat, Rhetan TMT’s high-strength, corrosion-resistant TMT bars are well-aligned with the demands of domestic infrastructure projects such as dams and bridges. Compliance with quality standards provides competitive differentiation, which is particularly valued in large-scale government and private construction initiatives sweeping the country.

Promoter holding remains strong at 62.12% as of March 2025, indicating continued management confidence and alignment with shareholder interests. High promoter ownership often acts as a stabilizing signal for the market, reassuring institutional and retail investors about long-term strategic direction and reducing the risk of abrupt governance changes. The company’s lack of significant foreign or domestic institutional investor presence highlights the potential for greater institutional participation if financial metrics improve.

The technical outlook for Rhetan TMT shares is currently neutral, with the price above its 50-day moving average but below its 200-day moving average, indicating consolidation amid subdued trading volumes. The Relative Strength Index (RSI) at 46.73 signals neither overbought nor oversold conditions, while a slightly bearish MACD reading suggests near-term caution. Despite these indications, support around ₹16.80 and resistance near ₹17.35 may present tactical opportunities for investors monitoring price action closely.

The most recent financial disclosures, although marked by declining revenues, confirm continued profitability and operational resilience in a challenging environment for the sector. Quarterly net profit for the December 2024 period stood at ₹1.39 crore, with an EBITDA of ₹1.97 crore, demonstrating the company’s capacity to generate positive returns even as sales dropped year-on-year. This resilience, together with a high-quality product suite and strategic positioning in India’s infrastructure value chain, provides a constructive signal for the medium- to long-term outlook, pending signs of revenue stabilization or growth.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.