RHI Magnesita India files FY26 sustainability report with exchanges
- RHI Magnesita India filed its FY26 BRSR report with stock exchanges on September 4, 2026
- Standalone turnover reached ₹33,565.88 crore with exports contributing 11.48%
- Accounts payable days nearly doubled to 92.89 days from 47.00 days in prior year
- Total energy consumption declined to 630,712.85 GJ while Scope 1 emissions rose to 34,862.41 mt CO2e
- Workforce includes 1,297 employees and 2,274 workers with zero fatalities reported
*this image is generated using AI for illustrative purposes only.
RHI Magnesita India Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Limited and BSE Limited on September 4, 2026. The filing covers the financial year ending March 31, 2026.
The company reported a standalone turnover of ₹33,565.88 crore and a net worth of ₹35,370.65 crore during the period. Exports contributed 11.48% of the total standalone turnover. The entity operates four manufacturing plants and 48 offices across India.
What the Numbers Show
A notable divergence exists in the company's payables management. The number of days for accounts payable for goods nearly doubled from 47.00 days in FY25 to 92.89 days in FY26. This extension occurred while purchases from trading houses rose from 11% to 13.52% of total purchases, suggesting a strategic shift in working capital management or supplier negotiation terms.
Governance and Oversight
The Board of Directors reviews business responsibility performance annually. The CSR Committee oversees social performance, while the Risk Management Committee assesses identified risks. Nayyar Maniar Sharma & Associates LLP provided limited assurance on selected BRSR disclosures.
Parmod Sagar served as Chairman, Managing Director & CEO until July 1, 2026. Pankaj Malhan was appointed as Managing Director & CEO effective that date and now holds responsibility for implementing business responsibility policies.
Environmental Metrics
Total energy consumption fell to 630,712.85 GJ in FY26 from 849,687.84 GJ in FY25. Renewable energy consumption stood at 2,160.62 GJ. Scope 1 greenhouse gas emissions increased to 34,862.41 mt CO2e from 31,613.36 mt CO2e, while Scope 2 emissions remained relatively stable at 23,755.07 mt CO2e.
Water withdrawal decreased to 66,252.91 kilolitres from 71,197.11 kilolitres. Three plants achieved zero liquid discharge. Total waste generated rose to 2,791.05 metric tonnes from 2,249.98 metric tonnes.
Social Performance
The workforce comprised 1,297 employees and 2,274 workers as of March 31, 2026. Female representation among permanent employees was 7.43%. The company reported zero fatalities. Lost Time Injury Frequency Rate for workers dropped significantly to 0.01 from 0.21 per two million-person hours worked.
Grievance data shows 144 customer complaints filed in FY26, with eight pending resolution. Employee-related complaints totaled 12, with two pending. No monetary penalties or fines were paid to regulatory agencies during the year.
Historical Stock Returns for RHI Magnesita
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.43% | +0.28% | -9.92% | -11.03% | -22.38% | +0.47% |
How will the significant extension in accounts payable days from 47 to 93 impact supplier relationships and supply chain stability in the near term?
What specific operational changes or efficiency measures contributed to the 25% reduction in total energy consumption despite a rise in Scope 1 emissions?
Will the leadership transition to Pankaj Malhan as CEO signal a strategic pivot in sustainability priorities or corporate governance practices?
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