RATNAMANI · NSE
Ratnamani Metals & Tubes Limited
₹2,859.1
+5.79% (+₹156.5)
Prev. close
₹2,702.6
Volume
64,084
Delivery %
51.6%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Ratnamani Metals & Tubes Limited
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.
Details
Sector
Basic Materials
Industry
Steel
CEO
Mr. Manoj Prakash Sanghvi
Headquarters
Ahmedabad
Employees
3,324
Website
ratnamani.comExchange
View on NSE ↗Key stats
Market cap
₹19,189.09 Cr
P/E ratio (TTM)
44.4
Dividend yield
0.37%
EPS (TTM)
₹61.72
Beta (1Y · daily vs NIFTY 50)
0.66
Beta (5Y · monthly vs NIFTY 50)
0.78
Shares float
1.48 Cr
EPS · quarter ended Jun 2026
₹11.70
Upcoming earnings
13 Nov 2026
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.3% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹2,298.13 Cr | ₹3,138.78 Cr | ₹4,474.40 Cr | ₹5,059.10 Cr | ₹5,186.47 Cr | ₹4,493.96 Cr | |
| EBITDA | ₹443.22 Cr | ₹532.51 Cr | ₹808.07 Cr | ₹970.34 Cr | ₹883.14 Cr | ₹869.28 Cr |
| ₹276.00 Cr | ₹322.65 Cr | ₹510.48 Cr | ₹622.79 Cr | ₹543.98 Cr | ₹482.55 Cr | |
| Diluted EPS | ₹39.38 | ₹46.03 | ₹73.09 | ₹89.18 | ₹77.25 | ₹68.81 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹3,780.28 Cr | ₹4,019.83 Cr | ₹4,905.97 Cr | ₹5,387.60 Cr | |
| — | — | ₹237.00 Cr | ₹152.87 Cr | ₹157.40 Cr | ₹317.63 Cr | |
| Stockholders' equity | — | — | ₹2,603.90 Cr | ₹3,140.53 Cr | ₹3,637.04 Cr | ₹4,110.63 Cr |
Total assets, Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, Fixed assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt, Stockholders' equity have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹545.55 Cr | ₹-283.00 Cr | ₹310.47 Cr | ₹511.23 Cr | ₹536.22 Cr | ₹936.01 Cr | |
| Investing cash flow | ₹-470.01 Cr | ₹417.77 Cr | ₹-207.67 Cr | ₹-145.26 Cr | ₹-397.12 Cr | ₹-1,147.64 Cr |
| ₹-78.79 Cr | ₹-134.54 Cr | ₹-116.08 Cr | ₹-192.95 Cr | ₹-130.18 Cr | ₹59.22 Cr | |
| Capital expenditure | ₹-129.86 Cr | ₹-144.47 Cr | ₹-141.89 Cr | ₹-213.04 Cr | ₹-329.08 Cr | ₹-485.25 Cr |
| End cash position | ₹43.64 Cr | — | ₹34.12 Cr | ₹206.89 Cr | ₹225.22 Cr | ₹73.90 Cr |
Debt issued, Debt repaid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Jul 22(5Q) | Sep 22–Dec 22(2Q) | Mar 23 | Jun 23–Jun 26(13Q) |
|---|---|---|---|---|
| Promoter | 60.16% | 60.10% | 60.06% | 59.77% |
| Public | 39.84% | 39.90% | 39.94% | 40.23% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Basic Materials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| UltraTech Cement Limited | ₹3.17 L Cr | ₹11,014 | 36.9 | 4.13 | 10.7% | 0.31 | +16.6% | -12.8% |
| JSW Steel Limited | ₹3.06 L Cr | ₹1,275.6 | 12.4 | 3.06 | 22.3% | 1.19 | +9.3% | +13.8% |
| Hindustan Zinc Limited | ₹2.42 L Cr | ₹596 | 14.2 | 10.69 | 61.1% | 0.39 | +18.6% | +31.0% |
| Asian Paints Limited | ₹2.35 L Cr | ₹2,451.3 | 49.3 | 11.01 | 20.2% | 0.18 | +5.1% | -1.1% |
| Tata Steel Limited | ₹2.28 L Cr | ₹187.29 | 20.7 | 2.23 | 10.6% | 0.90 | +6.2% | +9.3% |
| Hindalco Industries Limited | ₹2.18 L Cr | ₹986.5 | 13.3 | 1.59 | 9.8% | 0.73 | +15.0% | +31.5% |
| Grasim Industries Limited | ₹2.15 L Cr | ₹3,209.2 | 37.9 | 2.08 | 4.8% | 2.20 | +18.2% | +11.5% |
| Solar Industries India Limited | ₹1.71 L Cr | ₹18,815 | 86.1 | 27.25 | 26.7% | 0.29 | +30.6% | +27.0% |
| Vedanta Aluminium Metal Limited | ₹1.60 L Cr | ₹416.5 | 42.1 | — | — | — | — | — |
| Pidilite Industries Limited | ₹1.58 L Cr | ₹1,572.1 | 59.8 | 14.58 | 22.6% | 0.04 | +11.1% | -48.5% |
| JINDAL STEEL LIMITED | ₹1.11 L Cr | ₹1,103 | 41.1 | 2.19 | 6.6% | 0.44 | +5.5% | +4.7% |
| Ratnamani Metals & Tubes Limited | ₹19,189.09 Cr | ₹2,859.1 | 44.4 | 4.67 | 11.7% | 0.08 | -14.2% | +15.3% |
Ranked by market cap within Basic Materials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 30
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
11 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
Ratnamani Metals & Tubes Share Price Fall and Valuation
Ratnamani Metals & Tubes shares fell 2.33% to Rs 2,742.7, closing down Rs 65.30 from the previous day. The company's market capitalization stood at Rs 20,064.19 crore, categorizing it as a large-cap company. This decline occurred despite the company's strong profitability metrics and premium valuation within the Iron & Steel sector.
Ratnamani Metals cuts core growth outlook to 10%, sees newer businesses gaining importance
Ratnamani Metals & Tubes has lowered its core pipes and tubes business growth outlook to 10% due to weak domestic demand and West Asia uncertainty. The company expects newer businesses like spooling, thermal power, and data centers to become more important. Consolidated revenue is targeted at ₹5,000-5,200 crore with 15-17% margins.