WEBSITE BSE:520111 NSE: RATNAMNI MET Inc. Year: 1983 Industry: Steel & Iron Products My Bucket: Add Stock
Last updated: 15:58
Ratnamani Metals and Tubes Ltd is a holding company engaged within the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of solid iron/forged-steel. The Company's segments are Windmill and Steel Tubes and Pipes. It is engaged within the production of chrome steel pipes and tubes, and carbon metal pipes at Kutch, Indrad and Chhatral in Gujarat. It is likewise engaged inside the commercial enterprise of generation of power by way of windmills. It manufactures welded tubes, and pipes, stainless steel seamless. It gives h...Read More
Ratnamani Metals and Tubes Ltd is a holding company engaged within the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of solid iron/forged-steel. The Company's segments are Windmill and Steel Tubes and Pipes. It is engaged within the production of chrome steel pipes and tubes, and carbon metal pipes at Kutch, Indrad and Chhatral in Gujarat. It is likewise engaged inside the commercial enterprise of generation of power by way of windmills. It manufactures welded tubes, and pipes, stainless steel seamless. It gives high frequency welded (HFW) and submerged arc welded (SAW) carbon steel pipes. The coating lines manufactured by the Company consist of various coating at the steel lines. It offers coating alternatives, consisting of three-layer polyethylene, polypropylene fusion bonded epoxy (FBE) and internal epoxy coating. The Company gives products to oil and gas, petrochemicals and refineries, thermal, atomic energy, defense and aerospace industries, amongst others. ...Read Less
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Market Cap ₹18265 Cr.
Stock P/E 33.7
P/B 4.6
Current Price ₹2605.8
Book Value ₹ 571.7
Face Value 2
52W High ₹3044.1
Dividend Yield 0.54%
52W Low ₹ 1900.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1131 | 1257 | 1496 | 1184 | 971 | 1316 | 1715 | 1152 | 1192 | 1066 |
| Other Income | 11 | 15 | 39 | 12 | 20 | 19 | 9 | 30 | 27 | 31 |
| Total Income | 1142 | 1272 | 1535 | 1196 | 991 | 1335 | 1724 | 1182 | 1219 | 1097 |
| Total Expenditure | 886 | 1057 | 1250 | 1020 | 818 | 1112 | 1413 | 963 | 980 | 861 |
| Operating Profit | 256 | 216 | 284 | 176 | 173 | 223 | 311 | 218 | 238 | 236 |
| Interest | 11 | 13 | 12 | 10 | 14 | 7 | 7 | 11 | 7 | 7 |
| Depreciation | 24 | 25 | 25 | 26 | 26 | 27 | 29 | 32 | 32 | 33 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 |
| Profit Before Tax | 221 | 178 | 248 | 140 | 134 | 188 | 276 | 176 | 199 | 177 |
| Provision for Tax | 57 | 45 | 55 | 34 | 34 | 55 | 73 | 49 | 43 | 42 |
| Profit After Tax | 164 | 133 | 193 | 106 | 99 | 133 | 203 | 127 | 156 | 135 |
| Adjustments | -0 | 0 | -1 | -1 | 1 | -2 | 4 | 5 | -20 | -26 |
| Profit After Adjustments | 164 | 133 | 192 | 105 | 100 | 131 | 207 | 132 | 136 | 110 |
| Adjusted Earnings Per Share | 23.4 | 19 | 27.4 | 15 | 14.3 | 18.7 | 29.6 | 18.8 | 19.4 | 15.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1688 | 1718 | 1412 | 1767 | 2755 | 2586 | 2298 | 3139 | 4474 | 5059 | 5186 | 5125 |
| Other Income | 26 | 17 | 15 | 33 | 42 | 60 | 44 | 38 | 33 | 73 | 60 | 97 |
| Total Income | 1714 | 1735 | 1426 | 1800 | 2796 | 2645 | 2342 | 3177 | 4507 | 5132 | 5246 | 5222 |
| Total Expenditure | 1388 | 1432 | 1155 | 1502 | 2349 | 2159 | 1899 | 2644 | 3699 | 4162 | 4363 | 4217 |
| Operating Profit | 326 | 303 | 271 | 298 | 448 | 486 | 443 | 533 | 808 | 970 | 883 | 1003 |
| Interest | 9 | 6 | 6 | 10 | 15 | 21 | 23 | 21 | 31 | 45 | 37 | 32 |
| Depreciation | 54 | 57 | 60 | 61 | 62 | 59 | 57 | 80 | 83 | 98 | 108 | 126 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18 |
| Profit Before Tax | 262 | 240 | 205 | 228 | 371 | 406 | 363 | 431 | 694 | 828 | 738 | 828 |
| Provision for Tax | 89 | 75 | 61 | 76 | 118 | 99 | 87 | 108 | 181 | 203 | 196 | 207 |
| Profit After Tax | 173 | 165 | 144 | 152 | 253 | 308 | 276 | 323 | 512 | 625 | 542 | 621 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2 | -2 | 2 | -37 |
| Profit After Adjustments | 173 | 165 | 144 | 152 | 253 | 308 | 276 | 323 | 510 | 623 | 544 | 585 |
| Adjusted Earnings Per Share | 24.7 | 23.6 | 20.6 | 21.7 | 36.1 | 43.9 | 39.4 | 46 | 72.8 | 88.9 | 77.6 | 83.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 18% | 15% | 12% |
| Operating Profit CAGR | -9% | 18% | 13% | 10% |
| PAT CAGR | -13% | 19% | 12% | 12% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -3% | 7% | 15% | 23% |
| ROE Average | 16% | 20% | 18% | 17% |
| ROCE Average | 22% | 26% | 23% | 23% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 909 | 1045 | 1188 | 1309 | 1523 | 1709 | 1988 | 2248 | 2604 | 3141 | 3637 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72 | 76 | 28 |
| Borrowings | 8 | 0 | 0 | 0 | 0 | 176 | 146 | 96 | 57 | 21 | 65 |
| Other Non-Current Liabilities | 48 | 48 | 48 | 43 | 43 | 41 | 57 | 52 | 186 | 183 | 176 |
| Total Current Liabilities | 261 | 225 | 178 | 396 | 487 | 618 | 427 | 566 | 861 | 600 | 997 |
| Total Liabilities | 1227 | 1319 | 1414 | 1747 | 2053 | 2545 | 2617 | 2962 | 3780 | 4020 | 4903 |
| Fixed Assets | 425 | 446 | 448 | 445 | 440 | 500 | 865 | 875 | 1122 | 1164 | 1348 |
| Other Non-Current Assets | 67 | 56 | 54 | 61 | 195 | 404 | 97 | 123 | 125 | 190 | 252 |
| Total Current Assets | 736 | 817 | 911 | 1241 | 1418 | 1641 | 1655 | 1965 | 2533 | 2666 | 3303 |
| Total Assets | 1227 | 1319 | 1414 | 1747 | 2053 | 2545 | 2617 | 2962 | 3780 | 4020 | 4903 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 25 | 47 | 12 | 15 | 5 | 143 | 47 | 44 | 44 | 34 | 207 |
| Cash Flow from Operating Activities | 148 | 155 | 134 | -73 | 554 | 215 | 546 | -283 | 310 | 511 | 536 |
| Cash Flow from Investing Activities | -51 | -10 | -102 | 21 | -360 | -357 | -470 | 418 | -208 | -145 | -397 |
| Cash Flow from Financing Activities | -74 | -179 | -28 | 42 | -56 | 47 | -79 | -135 | -116 | -193 | -130 |
| Net Cash Inflow / Outflow | 24 | -34 | 4 | -10 | 137 | -95 | -3 | 0 | -13 | 173 | 9 |
| Closing Cash & Cash Equivalent | 47 | 12 | 15 | 5 | 143 | 47 | 44 | 44 | 34 | 207 | 225 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 24.75 | 23.58 | 20.55 | 21.65 | 36.08 | 43.88 | 39.38 | 46.03 | 72.83 | 88.85 | 77.61 |
| CEPS(Rs) | 32.5 | 31.68 | 29.07 | 30.3 | 44.99 | 52.22 | 47.49 | 57.47 | 84.98 | 103.1 | 92.63 |
| DPS(Rs) | 3.67 | 3.67 | 3.67 | 4 | 6 | 8 | 9.33 | 6.22 | 12 | 14 | 14 |
| Book NAV/Share(Rs) | 129.74 | 149.12 | 169.46 | 186.73 | 217.25 | 243.84 | 283.56 | 320.77 | 371.5 | 448.06 | 517.45 |
| Core EBITDA Margin(%) | 17.1 | 15.71 | 17.37 | 14.8 | 14.6 | 16.25 | 17.22 | 15.75 | 16.72 | 17.41 | 15.78 |
| EBIT Margin(%) | 15.45 | 13.55 | 14.31 | 13.28 | 13.85 | 16.29 | 16.68 | 14.4 | 15.63 | 16.94 | 14.86 |
| Pre Tax Margin(%) | 14.92 | 13.22 | 13.9 | 12.73 | 13.32 | 15.49 | 15.69 | 13.72 | 14.96 | 16.06 | 14.14 |
| PAT Margin (%) | 9.87 | 9.09 | 9.76 | 8.48 | 9.09 | 11.72 | 11.91 | 10.27 | 11.05 | 12.13 | 10.38 |
| Cash Profit Margin (%) | 12.97 | 12.21 | 13.8 | 11.86 | 11.33 | 13.95 | 14.37 | 12.83 | 12.84 | 14.03 | 12.44 |
| ROA(%) | 14.14 | 12.99 | 10.54 | 9.6 | 13.31 | 13.38 | 10.7 | 11.57 | 15.19 | 16.03 | 12.14 |
| ROE(%) | 19.07 | 16.91 | 12.9 | 12.16 | 17.86 | 19.03 | 14.93 | 15.23 | 21.12 | 21.76 | 16.01 |
| ROCE(%) | 28.63 | 24.44 | 18.73 | 18.46 | 25.9 | 24.08 | 18.64 | 19.75 | 27.74 | 28.56 | 21.96 |
| Receivable days | 46.22 | 61.46 | 100.8 | 100.25 | 66.91 | 57.88 | 60.87 | 58.3 | 63.36 | 69.09 | 77.18 |
| Inventory Days | 71.28 | 64.01 | 78.36 | 93.06 | 76.34 | 100.79 | 109.97 | 95.81 | 93.32 | 92.37 | 99.85 |
| Payable days | 41.35 | 40.3 | 49.62 | 49.48 | 46.46 | 59.8 | 62.8 | 48.3 | 42.67 | 40.02 | 44.06 |
| PER(x) | 18.62 | 13.11 | 24.65 | 26.31 | 16.52 | 13.73 | 32.17 | 37.61 | 27.12 | 31.38 | 33.24 |
| Price/Book(x) | 3.55 | 2.07 | 2.99 | 3.05 | 2.74 | 2.47 | 4.47 | 5.4 | 5.32 | 6.22 | 4.99 |
| Dividend Yield(%) | 0.8 | 1.19 | 0.72 | 0.7 | 1.01 | 1.33 | 0.74 | 0.36 | 0.61 | 0.5 | 0.54 |
| EV/Net Sales(x) | 1.89 | 1.27 | 2.5 | 2.3 | 1.49 | 1.66 | 3.92 | 3.9 | 3.14 | 3.85 | 3.47 |
| EV/Core EBITDA(x) | 9.79 | 7.18 | 13.05 | 13.63 | 9.16 | 8.85 | 20.35 | 22.99 | 17.37 | 20.08 | 20.38 |
| Net Sales Growth(%) | 0 | 1.74 | -17.81 | 25.14 | 55.93 | -6.14 | -11.12 | 36.58 | 42.55 | 13.07 | 2.52 |
| EBIT Growth(%) | 0 | -9.25 | -14.24 | 12.51 | 62.09 | 10.9 | -9.59 | 17.07 | 60.23 | 20.43 | -11.16 |
| PAT Growth(%) | 0 | -4.7 | -12.85 | 5.35 | 66.65 | 21.6 | -10.26 | 16.9 | 58.77 | 22.02 | -13.36 |
| EPS Growth(%) | 0 | -4.7 | -12.85 | 5.35 | 66.65 | 21.6 | -10.26 | 16.9 | 58.22 | 22 | -12.65 |
| Debt/Equity(x) | 0.04 | 0.02 | 0 | 0.06 | 0.04 | 0.15 | 0.1 | 0.07 | 0.09 | 0.05 | 0.04 |
| Current Ratio(x) | 2.81 | 3.63 | 5.12 | 3.14 | 2.91 | 2.65 | 3.88 | 3.47 | 2.94 | 4.44 | 3.31 |
| Quick Ratio(x) | 1.5 | 2.32 | 3.22 | 1.69 | 1.7 | 1.26 | 2.62 | 1.51 | 1.48 | 2.19 | 1.8 |
| Interest Cover(x) | 28.97 | 41.1 | 34.8 | 24.11 | 26.09 | 20.39 | 16.87 | 21.18 | 23.23 | 19.34 | 20.72 |
| Total Debt/Mcap(x) | 0.01 | 0.01 | 0 | 0.02 | 0.02 | 0.06 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 | 59.77 |
| FII | 12.77 | 12.87 | 12.61 | 12.71 | 11.55 | 11.62 | 11.28 | 11.15 | 11.11 | 10.6 |
| DII | 16.3 | 16.14 | 16.6 | 16.77 | 18.76 | 18.82 | 19.2 | 18.81 | 18.94 | 19.47 |
| Public | 11.17 | 11.22 | 11.02 | 10.75 | 9.92 | 9.78 | 9.74 | 10.27 | 10.19 | 10.15 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 | 4.19 |
| FII | 0.89 | 0.9 | 0.88 | 0.89 | 0.81 | 0.81 | 0.79 | 0.78 | 0.78 | 0.74 |
| DII | 1.14 | 1.13 | 1.16 | 1.18 | 1.31 | 1.32 | 1.35 | 1.32 | 1.33 | 1.36 |
| Public | 0.78 | 0.79 | 0.77 | 0.75 | 0.7 | 0.69 | 0.68 | 0.72 | 0.71 | 0.71 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 | 7.01 |
* The pros and cons are machine generated.
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