Ratnamani Metals & Tubes Ltd
Ratnamani Metals & Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes from its manufacturing facilities in India.[1]
- Market Cap ₹ 20,327 Cr.
- Current Price ₹ 2,900
- High / Low ₹ 3,939 / 2,129
- Stock P/E 31.9
- Book Value ₹ 417
- Dividend Yield 0.42 %
- ROCE 27.2 %
- ROE 20.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 27.6% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 20.1%
Cons
* 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.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,222 | 1,201 | 1,353 | 1,687 | 1,718 | 1,412 | 1,767 | 2,755 | 2,586 | 2,298 | 3,139 | 4,370 | 4,818 | |
1,029 | 962 | 1,094 | 1,388 | 1,431 | 1,154 | 1,501 | 2,348 | 2,159 | 1,898 | 2,644 | 3,608 | 3,893 | |
Operating Profit | 193 | 239 | 259 | 299 | 287 | 257 | 266 | 407 | 426 | 400 | 495 | 762 | 925 |
OPM % | 16% | 20% | 19% | 18% | 17% | 18% | 15% | 15% | 16% | 17% | 16% | 17% | 19% |
23 | 17 | 11 | 25 | 16 | 14 | 32 | 41 | 59 | 43 | 38 | 31 | 40 | |
Interest | 17 | 12 | 10 | 9 | 6 | 6 | 10 | 15 | 21 | 23 | 21 | 23 | 25 |
Depreciation | 42 | 42 | 46 | 54 | 57 | 60 | 61 | 62 | 59 | 57 | 80 | 76 | 82 |
Profit before tax | 156 | 202 | 214 | 261 | 240 | 205 | 228 | 371 | 406 | 363 | 431 | 694 | 858 |
Tax % | 29% | 33% | 33% | 34% | 31% | 30% | 33% | 32% | 24% | 24% | 25% | 26% | |
111 | 136 | 143 | 173 | 165 | 144 | 152 | 253 | 308 | 276 | 322 | 514 | 637 | |
EPS in Rs | 16.01 | 19.53 | 20.40 | 24.61 | 23.57 | 20.58 | 21.65 | 36.08 | 43.87 | 39.36 | 45.99 | 73.34 | 90.80 |
Dividend Payout % | 12% | 14% | 15% | 15% | 16% | 18% | 18% | 17% | 18% | 24% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 20% |
3 Years: | 19% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 28% |
3 Years: | 19% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 37% |
3 Years: | 31% |
1 Year: | 34% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 14 |
Reserves | 523 | 637 | 757 | 899 | 1,035 | 1,178 | 1,299 | 1,513 | 1,699 | 1,977 | 2,238 | 2,685 | 2,908 |
290 | 136 | 81 | 39 | 23 | 0 | 79 | 65 | 252 | 207 | 157 | 159 | 83 | |
192 | 246 | 300 | 278 | 250 | 226 | 359 | 465 | 584 | 422 | 557 | 712 | 497 | |
Total Liabilities | 1,014 | 1,029 | 1,148 | 1,226 | 1,317 | 1,413 | 1,746 | 2,052 | 2,544 | 2,616 | 2,961 | 3,570 | 3,502 |
367 | 390 | 442 | 425 | 446 | 448 | 445 | 440 | 500 | 865 | 875 | 941 | 911 | |
CWIP | 28 | 23 | 13 | 42 | 48 | 38 | 47 | 179 | 371 | 76 | 107 | 87 | 148 |
Investments | 7 | 29 | 54 | 20 | 24 | 74 | 0 | 203 | 155 | 637 | 109 | 244 | 266 |
613 | 586 | 639 | 739 | 799 | 853 | 1,254 | 1,230 | 1,518 | 1,038 | 1,871 | 2,298 | 2,177 | |
Total Assets | 1,014 | 1,029 | 1,148 | 1,226 | 1,317 | 1,413 | 1,746 | 2,052 | 2,544 | 2,616 | 2,961 | 3,570 | 3,502 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
86 | 236 | 160 | 146 | 156 | 135 | -73 | 554 | 215 | 545 | -272 | 317 | |
-62 | -63 | -109 | -52 | -11 | -104 | 21 | -360 | -358 | -470 | 406 | -243 | |
-1 | -184 | -85 | -74 | -179 | -28 | 42 | -56 | 47 | -79 | -135 | -83 | |
Net Cash Flow | 23 | -11 | -35 | 20 | -34 | 4 | -10 | 137 | -96 | -3 | -0 | -9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68 | 76 | 75 | 48 | 83 | 110 | 115 | 61 | 52 | 64 | 70 | 81 |
Inventory Days | 130 | 115 | 109 | 112 | 95 | 141 | 184 | 113 | 185 | 133 | 193 | 151 |
Days Payable | 44 | 50 | 66 | 41 | 40 | 48 | 62 | 56 | 57 | 60 | 55 | 41 |
Cash Conversion Cycle | 155 | 142 | 118 | 119 | 138 | 202 | 237 | 118 | 180 | 137 | 208 | 190 |
Working Capital Days | 109 | 89 | 88 | 86 | 121 | 167 | 190 | 86 | 104 | 85 | 151 | 134 |
ROCE % | 23% | 27% | 28% | 30% | 25% | 19% | 18% | 26% | 24% | 19% | 20% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Apr - Newspaper Publication of the intimation given to the shareholders whose shares are liable to be transferred to IEPF on account of unclaimed dividend for seven …
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Announcement under Regulation 30 (LODR)-Acquisition
17 Apr - INCORPORATION OF WHOLLY OWNED SUBSIDIARY COMPANY IN ABU DHABI AT UNITED ARAB EMIRATES.
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 For Incorporation Of A Wholly-Owned Subsidiary Company In Abu Dhabi, United Arab Emirates. 17 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 12 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 12 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2023TranscriptPPT
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Nov 2021TranscriptPPT
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Nov 2019TranscriptPPT
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Jun 2019TranscriptPPT
Product Portfolio & revenue split
The company's product portfolio comprises Nickel Alloy/ Stainless steel seamless tubes & pipes, stainless steel welded tubes & pipes, titanium welded tubes, carbon steel pipes, etc. [1] In Q3FY22, 77% of the revenues were generated from the carbon steel segment and remaining 23% from the stainless steel segment. [2]