Metal Stock Rallies On Power Generation Update | Up 180% In 3 Years ; Do You Own?

Shares of Rhetan TMT Limited was trading higher on Thursday, August 20, after the company announced beginning of energy generation from solar power project. The metal stock has delivered close to 180% return in three years.

Rhetan TMT Limited share price was trading 2.36% higher at Rs 22.15 per share on BSE with a market capitalisation of Rs 1,765.08 crore at 3:47 pm. THe stock had touched an intraday high of Rs 22.15 per share and an intraday low of Rs 21.78 per share.

Rhetan Business Update

The company's power generation from its 1 MW (AC) Captive Ground Mounted Solar Project has begun successfully. "The commencement of power generation marks the successful completion of the Company's renewable energy initiative, following the completion of the requisite statutory approvals, infrastructure development, installation, testing and commissioning activities," stated the firm in its BSE filing released on Thursday.

The solar power project is now operational and it is generating power for captive consumption at the firm's manufacturing facility in Kadi, Gujarat. The project is expected to support the energy requirements of the manufacturing facility and contribute to the integration of renewable energy into its manufacturing operations.

Rhetan TMT Share Price Trend

The stock opened higher on Thursday. It touched its 52-week high of Rs 34.59 per share on BSE on August 11, 2026. The stock dipped to its 52-week low of Rs 17.05 per share on August 26, 2025. It has a return on equity (ROE) of 13.79%. Its share price value has surged around 26% in one year, but has declined 22% in one month. THe stock has jumped around 76% in two years.

Rhetan TMT Limited Q1 Result

The company reported a net profit after tax (PAT) of Rs 3.16 crore, which is 315% higher than Rs 0.76 crore reported in Q1FY26. The company had reported a net profit of Rs 2.21 crore in the March quarter of FY26.The company's profit before tax (PBT) increased by a whopping 335.5% on an annual basis to Rs 3.31 crore from Rs 0.76 crore in Q1FY26. The company's earnings per share (EPS) stood at Rs 0.04 for the quarter during the quarter under review.

While its net profit increased on an annual basis, there was a decline in its revenue from operations. The company's net revenue from operations declined 19.3% annually to Rs 4.06 crore in Q1FY27 against Rs 5.04 crore reported in Q1FY26. The company sold less this quarter, but managed to earn a lot more profit from the Q1 revenue due to improved operational efficiency.