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Ratnamani Metals & Tubes Limited RATNAMANI NSEINFRA

Basic Materials · Steel · India
https://www.ratnamani.com
Company Profile ↓
₹2,616.60
-9.46% 1Y
Mkt Cap₹18,340.27 Cr
P/E38.03
P/B4.53
Div. Yield0.37%
52W High₹3,046.20
52W Low₹1,946.40
Book Value₹586.46
EPS (TTM)₹68.81

Company Overview

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.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 16.3%.

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 ₹4,493.96 Cr (-13.4% YoY); net profit ₹482.55 Cr.
  • Trailing 12 Months Year-on-year growth — revenue -13.4%, earnings -11.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR 0.2%, profit CAGR -1.9%.

Growth & Price Performance

Compounded Sales Growth

5 Years:0.24%
1 Year:-13.35%

Compounded Profit Growth

5 Years:-1.86%
1 Year:-11.29%

Stock Price Performance

1 Year:-9.46%
6 Months:+14.84%
3 Months:+12.05%
1 Month:+1.08%

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

Technical Snapshot Mixed
52-Week Range 61% of range
₹1,946.40 ₹3,046.20
Trend Signals
  • Price vs 50-DMABelow
  • Price vs 200-DMAAbove
  • RSI (14)50.91 · Neutral
Price Performance
1M+1.08%
3M+12.05%
6M+14.84%
1Y-9.46%
Valuation vs Sector

P/E of 38.03 is above the sector median of 27.45 — 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

  • 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
38.03
Industry PE
27.45
Forward P/E
26.86
PEG Ratio
-
Book Value
₹586.46
Price to Book
4.53
P/S
4.14
EV/EBITDA
24.16
Dividend Yield
0.37%

Growth (CAGR)

Revenue 5Y
0.24%
Profit 5Y
-1.86%
Revenue (YoY)
-13.35%
Earnings (YoY)
-11.29%

Profitability & Returns

ROCE
16.32%
ROE
11.74%
ROA
8.96%
Profit Margin
10.74%
Op Margin
13.93%
Gross Margin
40.36%
EPS (Latest Qtr)
₹14.92
EPS (TTM)
₹68.81

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
67.24%
Chg in Prom Hold
7.47%
FII / Inst Holding
25.93%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
₹18,340.27 Cr
Total Revenue (TTM)
₹4,493.96 Cr
EBITDA
₹869.28 Cr
Free Cash Flow
₹450.75 Cr
Operating Cash Flow
₹936.01 Cr
Shares Outstanding
₹7.01 Cr
Gross Margin
40.36%
Payout Ratio
20.35%

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 2,616.60 38.03 ₹18,340.27 Cr 0.37% 16.32% 11.74% 0.24% -1.86%
2 ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA 11,659.00 56.84 ₹3.44 L Cr 0.66% 11.90% 10.66% 12.40% 17.26%
3 JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA 1,244.70 86.92 ₹3.04 L Cr 0.57% 18.75% 22.30% 3.61% 75.28%
4 ASIANPAINT Asian Paints Limited NIFTY50NSEINFRA 2,675.50 59.31 ₹2.57 L Cr 1.03% 24.41% 20.24% 1.10% 1.75%
5 TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA 187.67 21.70 ₹2.34 L Cr 2.09% 11.32% 10.56% -1.59% 7.21%
6 HINDZINC Hindustan Zinc Limited NSEINFRA 532.50 16.26 ₹2.25 L Cr 3.91% 61.97% 61.13% 5.61% 9.58%
7 HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA 963.55 16.01 ₹2.17 L Cr 0.52% 9.42% 9.80% 7.10% 9.87%
8 GRASIM Grasim Industries Limited NIFTY50NSEINFRA 3,133.10 56.45 ₹2.13 L Cr 0.31% 4.00% 4.80% 14.63% -10.06%
9 VAML Vedanta Aluminium Metal Limited NSEINFRA 452.95 inf ₹1.77 L Cr 0.00% 41.97% 49.39% - -46.32%
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 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 Cr1,715.15 Cr1,151.62 Cr1,191.69 Cr1,065.83 Cr1,084.82 Cr
Cost of Revenue --------1,120.14 Cr706.62 Cr727.04 Cr604.22 Cr642.33 Cr
Gross Profit --------595.00 Cr445.00 Cr464.65 Cr461.61 Cr442.49 Cr
Operating Expenses 1,199.00 Cr969.00 Cr886.00 Cr1,057.00 Cr1,250.00 Cr1,020.00 Cr818.00 Cr1,112.00 Cr321.51 Cr288.51 Cr285.44 Cr290.11 Cr323.55 Cr
Operating Income 276.00 Cr182.00 Cr221.00 Cr175.00 Cr221.00 Cr138.00 Cr128.00 Cr177.00 Cr273.49 Cr156.48 Cr179.21 Cr171.50 Cr118.94 Cr
EBITDA 301.00 Cr206.00 Cr245.00 Cr200.00 Cr246.00 Cr164.00 Cr154.00 Cr204.00 Cr311.24 Cr218.44 Cr238.15 Cr217.68 Cr195.02 Cr
Interest Expense 14.00 Cr10.00 Cr11.00 Cr13.00 Cr12.00 Cr10.00 Cr14.00 Cr7.00 Cr6.67 Cr10.99 Cr6.67 Cr7.38 Cr6.29 Cr
Pretax Income 268.00 Cr181.00 Cr221.00 Cr178.00 Cr248.00 Cr140.00 Cr134.00 Cr188.00 Cr275.94 Cr175.78 Cr199.44 Cr177.08 Cr154.03 Cr
Tax Provision 75.04 Cr45.25 Cr57.46 Cr44.50 Cr54.56 Cr35.00 Cr34.84 Cr54.52 Cr72.78 Cr48.65 Cr43.40 Cr41.70 Cr38.13 Cr
Net Income 193.00 Cr135.00 Cr164.00 Cr133.00 Cr193.00 Cr106.00 Cr99.00 Cr133.00 Cr207.13 Cr131.82 Cr136.22 Cr109.85 Cr104.65 Cr
Diluted EPS 27.3319.1023.3818.9627.4215.0014.3218.7328.9818.8019.4315.6614.92

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 Cr5,186.47 Cr4,493.96 Cr
Cost of Revenue --------3,056.97 Cr3,451.95 Cr3,372.04 Cr2,680.22 Cr
Gross Profit --------1,404.19 Cr1,575.56 Cr1,814.43 Cr1,813.75 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 Cr1,098.63 Cr1,187.62 Cr
Operating Income 246.00 Cr230.00 Cr197.00 Cr205.00 Cr345.00 Cr368.00 Cr343.00 Cr-692.40 Cr799.83 Cr715.80 Cr626.13 Cr
EBITDA 300.00 Cr287.00 Cr257.00 Cr266.00 Cr407.00 Cr427.00 Cr400.00 Cr-798.21 Cr955.89 Cr883.14 Cr869.28 Cr
Interest Expense 9.00 Cr6.00 Cr6.00 Cr10.00 Cr15.00 Cr21.00 Cr23.00 Cr-21.33 Cr30.68 Cr37.43 Cr31.34 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 Cr73.90 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%35.0%40.4%
Operating Margin % 14.6%13.4%14.0%11.6%12.5%14.2%14.9%-15.5%15.9%13.8%13.9%
Net Margin % 10.2%9.6%10.2%8.6%9.2%11.9%12.0%-11.4%12.4%10.5%10.7%
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%13.9%

Shareholding Pattern

Insiders
67.24%
Institutions
25.93%
Public Float
79.16%

Analyst View

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Latest News

Recent headlines for RATNAMANI

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Google News ue, 14 Jul 2026

Ratnamani Metals reports zero water discharge and 23% renewable energy use in FY26 - scanx.trade

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RATNAMANI — Frequently Asked Questions

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

As of 2026-07-15 09:52 IST, Ratnamani Metals & Tubes Limited (RATNAMANI) trades at ₹2,616.60 on NSE. Its 52-week range is ₹1,946.40 to ₹3,046.20.

What is the market capitalisation of RATNAMANI?

Ratnamani Metals & Tubes Limited (RATNAMANI) has a market capitalisation of ₹18,340.27 Cr on NSE.

What is the P/E ratio of RATNAMANI?

RATNAMANI trades at a trailing price-to-earnings (P/E) ratio of 38.03. The industry average P/E is 27.45. Its price-to-book (P/B) ratio is 4.53.

Does RATNAMANI pay a dividend?

Ratnamani Metals & Tubes Limited (RATNAMANI) currently offers a dividend yield of 0.37%.

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 16.32%.

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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