Stock Below Rs 20: This Company Delivered Growth of 140 CAGR Over Last 5 Years
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From its 52-week low of Rs 19.10 per share, the stock has given a return of approximately 0.10 per cent based on its September 1 closing price of Rs 19.12.
✨ Key Takeaways
On September 1, 2026, shares of Rhetan TMT Ltd closed at Rs 19.12 per share, up 0.05 per cent from its previous closing of Rs 19.11 per share. The stock’s 52-week high is Rs 34.87 per share and its 52-week low is Rs 19.10 per share. The stock touched an Intraday high of Rs 19.44, representing a 1.73 per cent rise from its previous closing price.
Ahmedabad-based TMT steel bars manufacturer Rhetan TMT Ltd has commissioned a 1 MW captive Solar power project at its manufacturing facility in Kadi, Gujarat, to reduce energy costs and improve manufacturing efficiency.
The project is now operational and generating renewable power for captive consumption. The company said the commissioning marks an important step in strengthening its energy infrastructure and integrating renewable energy into its manufacturing operations.
Energy accounts for nearly 20 per cent of the company's overall cost base. The captive renewable power source is therefore expected to support greater operational efficiency and improve cost competitiveness over the long term.
Commenting on the development, Shalin Shah, Managing Director of Rhetan TMT Ltd, said the commissioning of the 1 MW captive solar power project is an important step in strengthening the energy economics of the company's manufacturing operations and integrating renewable energy into its operations.
Incorporated in 1984, Rhetan TMT Ltd is engaged in the manufacturing of TMT bars. The company, formerly known as Rhetan Rolling Mills Pvt Ltd, manufactures premium-quality TMT bars conforming to ISI standards.
The company has delivered profit growth at a 140 per cent CAGR over the last 5 years.
The company has a market cap of over Rs 300 crore. The stock price has declined 22.30 per cent YTD.
From its 52-week low of Rs 19.10 per share, the stock has given a return of approximately 0.10 per cent based on its September 1 closing price of Rs 19.12.
Disclaimer: The article is for informational purposes only and not investment advice.
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