Ratnamani Metals

₹3126 18.1 | 0.6%

WEBSITE BSE:520111 NSE : RATNAMNI MET 10 May, 16:01

Market Cap ₹21910 Cr.

Stock P/E 35.2

P/B 7.4

Current Price ₹3126

Book Value ₹ 421.1

Face Value 2

52W High ₹3924

Dividend Yield 0.38%

52W Low ₹ 2258.7

Edit Ratio

Ratnamani Metals Research see more...

Ratnamani Metals & Tubes Ltd.: Navigating Steel Horizons

Overview Inc. Year: 1983Industry: Steel & Iron Products

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.

Ratnamani Metals Share Price

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Ratnamani Metals Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	712	927	974	977	900	1099	1499	1175	1131	1257
Other Income	9	11	10	9	10	7	7	9	11	15
Total Income	721	938	984	985	910	1106	1506	1183	1142	1272
Total Expenditure	600	797	806	846	755	900	1199	969	886	1057
Operating Profit	121	140	178	139	155	206	307	215	256	216
Interest	5	4	6	5	5	8	14	10	11	13
Depreciation	19	19	23	19	19	20	25	24	24	25
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	96	118	149	116	132	178	268	181	221	178
Provision for Tax	25	29	37	29	33	44	75	46	57	45
Profit After Tax	72	89	112	87	99	134	193	135	164	133
Adjustments	0	-0	0	0	0	-1	-1	-1	-0	0
Profit After Adjustments	72	89	112	87	99	133	192	134	164	133
Adjusted Earnings Per Share	10.2	12.7	15.9	12.4	14.1	19	27.3	19.1	23.4	19

Ratnamani Metals Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1688	1718	1412	1767	2755	2586	2298	3139	4474	5062
Other Income	26	17	15	33	42	59	44	38	33	42
Total Income	1714	1735	1426	1800	2796	2645	2342	3177	4507	5103
Total Expenditure	1388	1432	1155	1502	2349	2159	1899	2644	3699	4111
Operating Profit	326	303	271	298	448	486	443	533	808	994
Interest	9	6	6	10	15	21	23	21	31	48
Depreciation	54	57	60	61	62	59	57	80	83	98
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	262	240	205	228	371	406	363	431	694	848
Provision for Tax	89	75	61	76	118	99	87	108	181	223
Profit After Tax	173	165	144	152	253	308	276	323	512	625
Adjustments	0	0	0	0	0	0	0	0	-2	-2
Profit After Adjustments	173	165	144	152	253	308	276	323	510	623
Adjusted Earnings Per Share	24.7	23.6	20.6	21.7	36.1	43.9	39.4	46	72.8	88.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	43%	20%	20%	0%
Operating Profit CAGR	52%	18%	22%	0%
PAT CAGR	59%	18%	27%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	39%	35%	40%	34%
ROE Average	21%	17%	18%	17%
ROCE Average	28%	22%	23%	23%

Ratnamani Metals Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	909	1045	1188	1309	1523	1709	1988	2248	2604
Minority's Interest	0	0	0	0	0	0	0	0	72
Borrowings	8	0	0	0	0	176	146	96	57
Other Non-Current Liabilities	48	48	48	43	43	41	57	52	186
Total Current Liabilities	261	225	178	396	487	618	427	566	861
Total Liabilities	1227	1319	1414	1747	2053	2545	2617	2962	3780
Fixed Assets	425	446	448	445	440	500	865	875	1122
Other Non-Current Assets	67	59	54	61	200	404	97	123	125
Total Current Assets	736	814	911	1241	1413	1641	1655	1965	2533
Total Assets	1227	1319	1414	1747	2053	2545	2617	2962	3780

Ratnamani Metals Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	25	47	12	15	5	143	47	44	44
Cash Flow from Operating Activities	148	155	134	-73	554	215	546	-283	310
Cash Flow from Investing Activities	-51	-10	-102	21	-360	-357	-470	418	-208
Cash Flow from Financing Activities	-74	-179	-28	42	-56	47	-79	-135	-116
Net Cash Inflow / Outflow	24	-34	4	-10	137	-95	-3	0	-13
Closing Cash & Cash Equivalent	47	12	15	5	143	47	44	44	34

Ratnamani Metals Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	24.75	23.58	20.55	21.65	36.08	43.88	39.38	46.03	72.83
CEPS(Rs)	32.5	31.68	29.07	30.3	44.99	52.22	47.49	57.47	84.98
DPS(Rs)	5.5	5.5	5.5	6	9	12	14	9.33	12
Book NAV/Share(Rs)	129.74	149.12	169.46	186.73	217.25	243.84	283.56	320.77	371.5
Core EBITDA Margin(%)	17.1	15.71	17.37	14.8	14.6	16.26	17.22	15.75	16.72
EBIT Margin(%)	15.45	13.55	14.31	13.28	13.85	16.29	16.68	14.4	15.63
Pre Tax Margin(%)	14.92	13.22	13.9	12.73	13.32	15.49	15.69	13.72	14.96
PAT Margin (%)	9.87	9.09	9.76	8.48	9.09	11.72	11.91	10.27	11.05
Cash Profit Margin (%)	12.97	12.21	13.8	11.87	11.33	13.95	14.37	12.83	12.84
ROA(%)	14.14	12.99	10.54	9.6	13.31	13.38	10.7	11.57	15.19
ROE(%)	19.07	16.91	12.9	12.16	17.86	19.03	14.93	15.23	21.12
ROCE(%)	28.63	24.44	18.73	18.46	25.9	24.08	18.64	19.75	27.74
Receivable days	46.22	61.46	100.8	100.3	66.91	57.88	60.87	58.3	63.36
Inventory Days	71.28	64.01	78.36	93.1	76.34	100.79	109.97	95.81	93.32
Payable days	41.35	40.3	49.62	49.48	46.46	59.8	62.8	48.3	42.67
PER(x)	18.62	13.11	24.65	26.31	16.52	13.73	32.17	37.61	27.12
Price/Book(x)	3.55	2.07	2.99	3.05	2.74	2.47	4.47	5.4	5.32
Dividend Yield(%)	0.8	1.19	0.72	0.7	1.01	1.33	0.74	0.36	0.61
EV/Net Sales(x)	1.89	1.27	2.5	2.3	1.49	1.66	3.92	3.9	3.14
EV/Core EBITDA(x)	9.79	7.18	13.05	13.63	9.16	8.85	20.35	22.99	17.37
Net Sales Growth(%)	0	1.74	-17.81	25.14	55.93	-6.14	-11.12	36.58	42.55
EBIT Growth(%)	0	-9.25	-14.24	12.51	62.09	10.9	-9.59	17.07	60.23
PAT Growth(%)	0	-4.7	-12.85	5.35	66.65	21.6	-10.26	16.9	58.77
EPS Growth(%)	0	-4.7	-12.85	5.35	66.65	21.6	-10.26	16.9	58.22
Debt/Equity(x)	0.04	0.02	0	0.06	0.04	0.15	0.1	0.07	0.09
Current Ratio(x)	2.81	3.62	5.12	3.14	2.9	2.65	3.88	3.47	2.94
Quick Ratio(x)	1.5	2.31	3.22	1.69	1.69	1.26	2.62	1.51	1.48
Interest Cover(x)	28.97	41.1	34.8	24.11	26.09	20.39	16.87	21.18	23.23
Total Debt/Mcap(x)	0.01	0.01	0	0.02	0.02	0.06	0.02	0.01	0.02

Ratnamani Metals Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	60.16	60.16	60.16	60.1	60.1	60.06	59.77	59.77	59.77	59.77
FII	12.01	12.13	12.28	12.51	12.51	12.77	12.79	12.87	12.77	12.87
DII	16.03	16.26	16.36	16.26	16.34	16.4	16.45	16.48	16.3	16.14
Public	11.81	11.45	11.2	11.14	11.05	10.77	10.99	10.88	11.17	11.22
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	2.81	2.81	2.81	4.21	4.21	4.21	4.19	4.19	4.19	4.19
FII	0.56	0.57	0.57	0.88	0.88	0.9	0.9	0.9	0.89	0.9
DII	0.75	0.76	0.76	1.14	1.15	1.15	1.15	1.16	1.14	1.13
Public	0.55	0.53	0.52	0.78	0.77	0.75	0.77	0.76	0.78	0.79
Others	0	0	0	0	0	0	0	0	0	0
Total	4.67	4.67	4.67	7.01	7.01	7.01	7.01	7.01	7.01	7.01

Pros

Company has delivered good profit growth of 27% CAGR over last 5 years
Debtor days have improved from 48.3 to 42.67days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 7.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Ratnamani Metals

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Ratnamani Metals Research see more...

Overview Inc. Year: 1983Industry: Steel & Iron Products

Ratnamani Metals Share Price

Alert Data

Quarterly Price

Peer Comparison

Ratnamani Metals Quarterly Results

Ratnamani Metals Profit & Loss

Growth Rates

Ratnamani Metals Balance Sheet

Ratnamani Metals Cash Flow

Ratnamani Metals Ratios

Ratnamani Metals Shareholding Pattern

Ratnamani Metals News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

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