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Ratnamani Metals & Tubes Limited RATNAMANI NSEINFRA

Basic Materials · Steel · India
https://www.ratnamani.com
Company Profile ↓
₹2,404.70
+4.02% 1Y
Mkt Cap₹16,855.02 Cr
P/E38.97
P/B4.30
Div. Yield0.40%
52W High₹3,032.78
52W Low₹1,937.82
Book Value₹586.46
EPS (TTM)₹61.71

Company Overview

Ratnamani Metals & Tubes Limited engages in the manufacturing of stainless-steel pipes, tubes, and carbon steel pipes in India and internationally. The company offers stainless steel products, such as heat exchanger tubes, instrumentation seamless tubes, and stainless-steel pipes; nickel alloy seamless heat exchanger tubes; titanium welded tubes; carbon steel products, including ERW pipes and SAW pipes; pipe coating solutions; and spools, induction bends, fittings, hangers, and engineered support systems. It also provides boiler tubes, heat exchanger tubes, instrumentation tubes, coiled tubing, integral low finned tubes, hollow bars, and diameter electric fusion welded SS pipes, as well as carbon steel line and submerged arc welded pipes. In addition, the company is involved in the sale of power generated from windmills. It serves oil and gas, city gas distribution, slurry lines, water transportation, LNG, petrochemicals, thermal power, defense, aerospace, and nuclear and atomic energy industries. The company was incorporated in 1983 and is based in Ahmedabad, India.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 16.0%.

Conservative Balance Sheet

Carries low leverage with a debt-to-equity ratio of 0.08.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Mar 2026 Revenue of ₹4,417.08 Cr (-14.2% YoY); net profit ₹482.55 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -8.5%, earnings -43.4%.
  • 5-Year Trend Long-term compounding — revenue CAGR -0.3%, profit CAGR -1.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:-0.33%
1 Year:-8.50%

Compounded Profit Growth

5 Years:-1.86%
1 Year:-43.40%

Stock Price Performance

1 Year:+4.02%
6 Months:-1.81%
3 Months:-2.56%
1 Month:-15.89%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bearish
52-Week Range 43% of range
₹1,937.82 ₹3,032.78
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMABelow
  • RSI (14)34.74 · Neutral
Price Performance
1M-15.89%
3M-2.56%
6M-1.81%
1Y+4.02%
Valuation vs Sector

P/E of 38.97 is above the sector median of 21.09 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

NSE TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -0.3% CAGR over 5 years.
  • Earnings shrank at -1.9% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
38.97
Industry PE
21.09
Forward P/E
26.93
PEG Ratio
-
Book Value
₹586.46
Price to Book
4.30
P/S
4.06
EV/EBITDA
22.20
Dividend Yield
0.40%

Growth (CAGR)

Revenue 5Y
-0.33%
Profit 5Y
-1.86%
Revenue (YoY)
-8.50%
Earnings (YoY)
-43.40%

Profitability & Returns

ROCE
16.03%
ROE
11.74%
ROA
8.96%
Profit Margin
9.94%
Op Margin
12.97%
Gross Margin
41.98%
EPS (Latest Qtr)
₹11.70
EPS (TTM)
₹61.71

Balance Sheet & Liquidity

Debt/Equity
0.08
Quick Ratio
2.45
Current Ratio
3.92
Debt
₹317.63 Cr
Total Assets
₹5,387.60 Cr
Current Assets
₹3,406.38 Cr
Working Capital
₹2,537.51 Cr

Ownership

Promoter Holding
65.46%
Chg in Prom Hold
-1.77%
FII / Inst Holding
25.54%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
₹16,855.02 Cr
Total Revenue (TTM)
₹4,355.87 Cr
EBITDA
₹771.81 Cr
Free Cash Flow
₹450.75 Cr
Operating Cash Flow
₹936.01 Cr
Shares Outstanding
₹7.01 Cr
Gross Margin
41.98%
Payout Ratio
22.69%

Peer comparison

Peer companies in the same sector (Basic Materials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 RATNAMANI Ratnamani Metals & Tubes Limited NSEINFRA 2,404.70 38.97 ₹16,855.02 Cr 0.40% 16.03% 11.74% -0.33% -1.86%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 10,849.00 37.39 ₹3.19 L Cr 2.25% 11.84% 10.66% 11.92% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,222.90 12.07 ₹2.99 L Cr 0.58% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,319.40 46.14 ₹2.22 L Cr 1.19% 24.41% 20.24% 1.10% 1.75%
5 HINDZINC Hindustan Zinc Limited NSEINFRA 525.00 13.00 ₹2.22 L Cr 2.07% 61.97% 61.13% 5.61% 9.58%
6 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 172.45 19.49 ₹2.15 L Cr 2.33% 11.32% 10.56% -1.59% 7.21%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 892.85 12.11 ₹1.98 L Cr 0.56% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 2,889.10 34.46 ₹1.96 L Cr 0.35% 3.98% 4.80% 14.30% -10.06%
9 SOLARINDS Solar Industries India Limited NSEINFRA 19,259.00 87.52 ₹1.74 L Cr 0.06% 29.51% 26.72% 12.39% 30.36%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in INR.

Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue 1,499.00 Cr1,175.00 Cr1,131.00 Cr1,257.00 Cr1,496.00 Cr1,184.00 Cr971.00 Cr1,316.00 Cr-1,151.62 Cr1,191.69 Cr1,065.83 Cr1,084.82 Cr971.63 Cr
Cost of Revenue ---------706.62 Cr727.04 Cr604.22 Cr642.33 Cr531.80 Cr
Gross Profit ---------445.00 Cr464.65 Cr461.61 Cr442.49 Cr439.83 Cr
Operating Expenses 1,199.00 Cr969.00 Cr886.00 Cr1,057.00 Cr1,250.00 Cr1,020.00 Cr818.00 Cr1,112.00 Cr-288.51 Cr285.44 Cr290.11 Cr323.55 Cr313.85 Cr
Operating Income 276.00 Cr182.00 Cr221.00 Cr175.00 Cr221.00 Cr138.00 Cr128.00 Cr177.00 Cr-156.48 Cr179.21 Cr171.50 Cr118.94 Cr125.99 Cr
EBITDA 301.00 Cr206.00 Cr245.00 Cr200.00 Cr246.00 Cr164.00 Cr154.00 Cr204.00 Cr-218.44 Cr238.15 Cr217.68 Cr195.02 Cr179.79 Cr
Interest Expense 14.00 Cr10.00 Cr11.00 Cr13.00 Cr12.00 Cr10.00 Cr14.00 Cr7.00 Cr-10.99 Cr6.67 Cr7.38 Cr6.29 Cr6.17 Cr
Pretax Income 268.00 Cr181.00 Cr221.00 Cr178.00 Cr248.00 Cr140.00 Cr134.00 Cr188.00 Cr-175.78 Cr199.44 Cr177.08 Cr154.03 Cr137.41 Cr
Tax Provision 75.04 Cr45.25 Cr57.46 Cr44.50 Cr54.56 Cr35.00 Cr34.84 Cr54.52 Cr-48.65 Cr43.40 Cr41.70 Cr38.13 Cr30.38 Cr
Net Income 193.00 Cr135.00 Cr164.00 Cr133.00 Cr193.00 Cr106.00 Cr99.00 Cr133.00 Cr-131.82 Cr136.22 Cr109.85 Cr104.65 Cr82.16 Cr
Diluted EPS 27.3319.1023.3818.9627.4215.0014.3218.73-18.8019.4315.6614.9211.70

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue 1,688.00 Cr1,718.00 Cr1,412.00 Cr1,767.00 Cr2,755.00 Cr2,586.00 Cr2,298.00 Cr-4,461.16 Cr5,027.51 Cr5,146.21 Cr4,417.08 Cr
Cost of Revenue --------3,056.97 Cr3,451.95 Cr3,511.16 Cr2,815.26 Cr
Gross Profit --------1,404.19 Cr1,575.56 Cr1,635.05 Cr1,601.82 Cr
Operating Expenses 1,388.00 Cr1,431.00 Cr1,155.00 Cr1,501.00 Cr2,348.00 Cr2,159.00 Cr1,898.00 Cr-711.79 Cr775.73 Cr918.25 Cr967.47 Cr
Operating Income 246.00 Cr230.00 Cr197.00 Cr205.00 Cr345.00 Cr368.00 Cr343.00 Cr-692.40 Cr799.83 Cr716.80 Cr634.36 Cr
EBITDA 300.00 Cr287.00 Cr257.00 Cr266.00 Cr407.00 Cr427.00 Cr400.00 Cr-798.21 Cr955.89 Cr870.44 Cr856.12 Cr
Interest Expense 9.00 Cr6.00 Cr6.00 Cr10.00 Cr15.00 Cr21.00 Cr23.00 Cr-21.33 Cr45.13 Cr24.73 Cr18.18 Cr
Pretax Income 262.00 Cr240.00 Cr205.00 Cr228.00 Cr371.00 Cr406.00 Cr363.00 Cr-693.54 Cr827.67 Cr737.99 Cr706.34 Cr
Tax Provision 89.08 Cr74.40 Cr61.50 Cr75.24 Cr118.72 Cr97.44 Cr87.12 Cr-181.26 Cr202.57 Cr196.42 Cr171.87 Cr
Net Income 173.00 Cr165.00 Cr144.00 Cr152.00 Cr253.00 Cr308.00 Cr276.00 Cr-510.48 Cr622.79 Cr543.98 Cr482.55 Cr
Diluted EPS 24.7423.5820.5521.6536.0843.8739.37-72.8388.8577.2568.81

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets 1,227.00 Cr1,319.00 Cr1,414.00 Cr1,747.00 Cr2,053.00 Cr2,545.00 Cr2,617.00 Cr-3,780.28 Cr4,019.83 Cr4,905.97 Cr5,387.60 Cr
Current Assets --------2,532.97 Cr2,665.68 Cr3,302.96 Cr3,406.38 Cr
Cash & Equivalents --------26.50 Cr202.60 Cr223.70 Cr72.34 Cr
Inventory --------1,259.17 Cr1,348.70 Cr1,506.00 Cr1,274.86 Cr
Receivables --------1,009.22 Cr941.45 Cr1,265.10 Cr1,013.38 Cr
Total Liabilities --------1,104.31 Cr803.63 Cr1,241.34 Cr1,179.89 Cr
Current Liabilities --------860.76 Cr600.04 Cr997.18 Cr868.86 Cr
Long Term Debt --------57.24 Cr21.06 Cr64.88 Cr163.14 Cr
Total Debt 39.00 Cr23.00 Cr079.00 Cr65.00 Cr252.00 Cr207.00 Cr-237.00 Cr152.87 Cr157.40 Cr317.63 Cr
Total Equity 909.00 Cr1,045.00 Cr1,187.00 Cr1,308.00 Cr1,522.00 Cr1,709.00 Cr1,987.00 Cr-2,603.90 Cr3,140.53 Cr3,637.04 Cr4,110.63 Cr
Shares Outstanding --------7.01 Cr7.01 Cr7.01 Cr7.01 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow 148.00 Cr155.00 Cr134.00 Cr-73.00 Cr554.00 Cr215.00 Cr546.00 Cr-310.47 Cr511.23 Cr536.22 Cr936.01 Cr
Investing Cash Flow -52.00 Cr-11.00 Cr-104.00 Cr21.00 Cr-360.00 Cr-358.00 Cr-470.00 Cr--207.67 Cr-145.26 Cr-397.12 Cr-1,147.64 Cr
Financing Cash Flow -74.00 Cr-179.00 Cr-28.00 Cr42.00 Cr-56.00 Cr47.00 Cr-79.00 Cr--116.08 Cr-192.95 Cr-130.18 Cr59.22 Cr
Capital Expenditure -83.00 Cr-61.00 Cr-65.00 Cr-69.00 Cr-165.00 Cr-298.00 Cr-129.00 Cr--141.89 Cr-213.04 Cr-329.08 Cr-485.25 Cr
Free Cash Flow 65.00 Cr94.00 Cr69.00 Cr-142.00 Cr389.00 Cr-83.00 Cr417.00 Cr-168.59 Cr298.19 Cr207.14 Cr450.75 Cr
Net Change in Cash 23.00 Cr-35.00 Cr3.00 Cr-10.00 Cr137.00 Cr-96.00 Cr-3.00 Cr--13.28 Cr173.02 Cr8.92 Cr-152.41 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % --------31.5%31.3%31.8%36.3%
Operating Margin % 14.6%13.4%14.0%11.6%12.5%14.2%14.9%-15.5%15.9%13.9%14.4%
Net Margin % 10.2%9.6%10.2%8.6%9.2%11.9%12.0%-11.4%12.4%10.6%10.9%
ROE % 19.0%15.8%12.1%11.6%16.6%18.0%13.9%-19.6%19.8%15.0%11.7%
ROCE % --------23.7%23.4%18.3%14.0%

Shareholding Pattern

Insiders
65.46%
Institutions
25.54%
Public Float
73.93%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for RATNAMANI

Google News Mon, 24 Aug 2026

Buzzing stocks: Ratnamani, Quadrant, Shanthi Gears zoom up to 42% in 2 days - Business Standard

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Google News ue, 25 Aug 2026

Ratnamani Metals shares rally up to 21% in two sessions after securing Rs 2,700 crore order - The Economic Times

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Google News Mon, 24 Aug 2026

Ratnamani Metals & Tubes shares surge 18% on bagging export orders worth Rs 2,700 crore - Moneycontrol.com

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Google News ue, 18 Aug 2026

Ratnamani Metals shareholders approve ₹10 dividend, reappoint directors - scanx.trade

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Google News ue, 29 Sep 2026

Ratnamani Metals & Tubes Share Price Today: Key Numbers - Univest

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Google News Mon, 24 Aug 2026

Ratnamani Metals & Tubes shares jump 18% on securing export orders worth ₹2,700 crore - Upstox

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RATNAMANI — Frequently Asked Questions

What is the current share price of Ratnamani Metals & Tubes Limited (RATNAMANI)?

As of 2026-10-23 04:58 IST, Ratnamani Metals & Tubes Limited (RATNAMANI) trades at ₹2,404.70 on NSE. Its 52-week range is ₹1,937.82 to ₹3,032.78.

What is the market capitalisation of RATNAMANI?

Ratnamani Metals & Tubes Limited (RATNAMANI) has a market capitalisation of ₹16,855.02 Cr on NSE.

What is the P/E ratio of RATNAMANI?

RATNAMANI trades at a trailing price-to-earnings (P/E) ratio of 38.97. The industry average P/E is 21.09. Its price-to-book (P/B) ratio is 4.30.

Does RATNAMANI pay a dividend?

Ratnamani Metals & Tubes Limited (RATNAMANI) currently offers a dividend yield of 0.40%.

What is the return on equity (ROE) of RATNAMANI?

RATNAMANI has a return on equity (ROE) of 11.74%. Its return on capital employed (ROCE) is 16.03%.

Is RATNAMANI a good stock to buy?

This page provides a data-driven analysis of Ratnamani Metals & Tubes Limited (RATNAMANI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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