Ratnamani Metals & Tubes Limited RATNAMANI NSEINFRA
Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless-steel products include seamless heat exchanger tubes, boiler tubes, instrumentation tubes, seamless pipes, heater pipes, seamless integral low-finned tubes, hollow bars, and coil tubes; and welded tubes and pipes, such as titanium welded tubes, seam-welded integral low, finned tubes, coil tubes, square and rectangular pipes, stainless steel 3lpe / pp /, and aro coated pipes. It also provides nickel alloy seamless heat exchanger and instrumentation tubes, and nickel alloy seamless pipes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers pipe coating solutions comprising external three-layer polyethylene/polypropylene coating and single/dual-layer fusion bonded epoxy coating; and internal coating solutions, such as internal liquid epoxy and cement mortar lining coatings. Further, it is involved in the generation of power from windmills. The company offers its products for various industries and applications, such as oil and gas exploration, LNG, food and dairy, fertilizer plants, thermal, solar and nuclear plants, defence, automobile, chemical, power plants, CNG, sugar, pulp and paper, petrochemicals and refineries, atomic energy, aerospace, desalination plants, pharmaceutical, marine, cross-country pipeline for gas and water, pipes for engineering purpose, booster compressors and dispensers, water distribution pipelines, plumbing and heating, city gas distribution, structural pipe systems, sewerage, dredging pipes, mining pipes, air duct pipes, high mast pipes for windmill towers, and general purpose applications. The company was incorporated in 1983 and is headquartered in Ahmedabad, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -1.9% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RATNAMANI Ratnamani Metals & Tubes Limited NSEINFRA | 2,552.70 | 37.04 | ₹17,892.38 Cr | 0.39% | 16.32% | 13.58% | 0.24% | -1.86% |
| 2 | ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA | 11,482.00 | 41.32 | ₹3.38 L Cr | 0.67% | 11.90% | 10.59% | 12.40% | 17.26% |
| 3 | JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA | 1,278.00 | 14.01 | ₹3.12 L Cr | 0.56% | 19.15% | 27.26% | 3.61% | 75.28% |
| 4 | HINDZINC Hindustan Zinc Limited NSEINFRA | 632.95 | 19.34 | ₹2.67 L Cr | 3.32% | 62.35% | 76.94% | 5.61% | 9.58% |
| 5 | TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA | 208.02 | 28.34 | ₹2.59 L Cr | 1.92% | 11.32% | 11.16% | -1.59% | 7.21% |
| 6 | HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA | 1,126.70 | 18.73 | ₹2.52 L Cr | 0.44% | 9.50% | 10.29% | 7.40% | 9.87% |
| 7 | GRASIM Grasim Industries Limited NIFTY50NSEINFRA | 3,122.40 | 42.74 | ₹2.12 L Cr | 0.32% | 4.00% | 6.29% | 14.63% | -10.06% |
| 8 | SOLARINDS Solar Industries India Limited NSEINFRA | 18,247.00 | 98.04 | ₹1.65 L Cr | 0.06% | 29.51% | 31.33% | 13.27% | 30.36% |
| 9 | PIDILITIND Pidilite Industries Limited NSEINFRA | 1,482.80 | 61.73 | ₹1.51 L Cr | 0.67% | 28.48% | 23.52% | 7.50% | 24.36% |
Quarterly Results
Figures in INR.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 1,715.15 Cr | 1,151.62 Cr | 1,191.69 Cr | 1,065.83 Cr | 1,084.82 Cr |
| Cost of Revenue | 1,120.14 Cr | 706.62 Cr | 727.04 Cr | 604.22 Cr | 642.33 Cr |
| Gross Profit | 595.00 Cr | 445.00 Cr | 464.65 Cr | 461.61 Cr | 442.49 Cr |
| Operating Expenses | 321.51 Cr | 288.51 Cr | 285.44 Cr | 290.11 Cr | 323.55 Cr |
| Operating Income | 273.49 Cr | 156.48 Cr | 179.21 Cr | 171.50 Cr | 118.94 Cr |
| EBITDA | 311.24 Cr | 218.44 Cr | 238.15 Cr | 217.68 Cr | 195.02 Cr |
| Interest Expense | 6.67 Cr | 10.99 Cr | 6.67 Cr | 7.38 Cr | 6.29 Cr |
| Pretax Income | 275.94 Cr | 175.78 Cr | 199.44 Cr | 177.08 Cr | 154.03 Cr |
| Tax Provision | 72.78 Cr | 48.65 Cr | 43.40 Cr | 41.70 Cr | 38.13 Cr |
| Net Income | 207.13 Cr | 131.82 Cr | 136.22 Cr | 109.85 Cr | 104.65 Cr |
| Diluted EPS | 28.98 | 18.80 | 19.43 | 15.66 | 14.92 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 4,461.16 Cr | 5,027.51 Cr | 5,186.47 Cr | 4,493.96 Cr |
| Cost of Revenue | - | 3,056.97 Cr | 3,451.95 Cr | 3,372.04 Cr | 2,680.22 Cr |
| Gross Profit | - | 1,404.19 Cr | 1,575.56 Cr | 1,814.43 Cr | 1,813.75 Cr |
| Operating Expenses | - | 711.79 Cr | 775.73 Cr | 1,098.63 Cr | 1,187.62 Cr |
| Operating Income | - | 692.40 Cr | 799.83 Cr | 715.80 Cr | 626.13 Cr |
| EBITDA | - | 798.21 Cr | 955.89 Cr | 883.14 Cr | 869.28 Cr |
| Interest Expense | - | 21.33 Cr | 30.68 Cr | 37.43 Cr | 31.34 Cr |
| Pretax Income | - | 693.54 Cr | 827.67 Cr | 737.99 Cr | 706.34 Cr |
| Tax Provision | - | 181.26 Cr | 202.57 Cr | 196.42 Cr | 171.87 Cr |
| Net Income | - | 510.48 Cr | 622.79 Cr | 543.98 Cr | 482.55 Cr |
| Diluted EPS | - | 72.83 | 88.85 | 77.25 | 68.81 |
Compounded Sales Growth
| 5 Years: | 0.24% |
| 1 Year: | -36.80% |
Compounded Profit Growth
| 5 Years: | -1.86% |
| 1 Year: | -48.50% |
Stock Price Performance
| 1 Year: | -10.12% |
| 6 Months: | +11.00% |
| 3 Months: | +1.91% |
| 1 Month: | -4.62% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 3,780.28 Cr | 4,019.83 Cr | 4,905.97 Cr | 5,387.60 Cr |
| Current Assets | - | 2,532.97 Cr | 2,665.68 Cr | 3,302.96 Cr | 3,406.38 Cr |
| Cash & Equivalents | - | 26.50 Cr | 202.60 Cr | 223.70 Cr | 73.90 Cr |
| Inventory | - | 1,259.17 Cr | 1,348.70 Cr | 1,506.00 Cr | 1,274.86 Cr |
| Receivables | - | 1,009.22 Cr | 941.45 Cr | 1,265.10 Cr | 1,013.38 Cr |
| Total Liabilities | - | 1,104.31 Cr | 803.63 Cr | 1,241.34 Cr | 1,179.89 Cr |
| Current Liabilities | - | 860.76 Cr | 600.04 Cr | 997.18 Cr | 868.86 Cr |
| Long Term Debt | - | 57.24 Cr | 21.06 Cr | 64.88 Cr | 163.14 Cr |
| Total Debt | - | 237.00 Cr | 152.87 Cr | 157.40 Cr | 317.63 Cr |
| Total Equity | - | 2,603.90 Cr | 3,140.53 Cr | 3,637.04 Cr | 4,110.63 Cr |
| Shares Outstanding | - | 7.01 Cr | 7.01 Cr | 7.01 Cr | 7.01 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 310.47 Cr | 511.23 Cr | 536.22 Cr | 936.01 Cr |
| Investing Cash Flow | - | -207.67 Cr | -145.26 Cr | -397.12 Cr | -1,147.64 Cr |
| Financing Cash Flow | - | -116.08 Cr | -192.95 Cr | -130.18 Cr | 59.22 Cr |
| Capital Expenditure | - | -141.89 Cr | -213.04 Cr | -329.08 Cr | -485.25 Cr |
| Free Cash Flow | - | 168.59 Cr | 298.19 Cr | 207.14 Cr | 450.75 Cr |
| Net Change in Cash | - | -13.28 Cr | 173.02 Cr | 8.92 Cr | -152.41 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 31.5% | 31.3% | 35.0% | 40.4% |
| Operating Margin % | - | 15.5% | 15.9% | 13.8% | 13.9% |
| Net Margin % | - | 11.4% | 12.4% | 10.5% | 10.7% |
| ROE % | - | 19.6% | 19.8% | 15.0% | 11.7% |
| ROCE % | - | 23.7% | 23.4% | 18.3% | 13.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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