Ratnamani Metals & Tubes Ltd

Ratnamani Metals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ratnamani Metals & Tubes Ltd

₹ 2,529 -0.43%
21 May - close price
ratnamani.com BSE: 520111 NSE: RATNAMANI
About

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]

Key Points

Business Segments
1) Steel Tubes & Pipes (93%): [1] The company offers nickel alloy/stainless steel seamless tubes & pipes, stainless steel welded tubes & pipes, titanium welded tubes, carbon steel pipes, pipe bends, etc for applications in industries like oil & gas, refineries, thermal power, nuclear power, chemicals, petrochemicals, etc. The segment revenue grew by 53% between FY22 and FY24. [2]

Website BSE NSE
  • Market Cap ₹ 17,725 Cr.
  • Current Price ₹ 2,529
  • High / Low ₹ 3,345 / 1,900
  • Stock P/E 36.2
  • Book Value ₹ 586
  • Dividend Yield 0.55 %
  • ROCE 17.9 %
  • ROE 12.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.

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

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE Industrials Nifty Microcap 250 Nifty Total Market Nifty500 LargeMidSmall Equal-Cap Weighted BSE 1000

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,499 1,175 1,131 1,257 1,496 1,184 971 1,316 1,715 1,152 1,192 1,066 1,085
1,199 969 886 1,057 1,250 1,020 818 1,112 1,413 963 980 861 931
Operating Profit 301 206 245 200 246 164 154 204 302 188 211 205 154
OPM % 20% 18% 22% 16% 16% 14% 16% 15% 18% 16% 18% 19% 14%
7 9 11 15 39 12 20 19 9 30 27 13 41
Interest 14 10 11 13 12 10 14 7 7 11 7 7 6
Depreciation 25 24 24 25 25 26 26 27 29 32 32 33 35
Profit before tax 268 181 221 178 248 140 134 188 276 176 199 177 154
Tax % 28% 25% 26% 25% 22% 25% 26% 29% 26% 28% 22% 24% 25%
193 135 164 133 193 106 99 133 203 127 156 135 116
EPS in Rs 27.33 19.10 23.38 18.96 27.42 15.00 14.32 18.73 29.55 18.81 19.43 15.67 14.93
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,688 1,718 1,412 1,767 2,755 2,586 2,298 3,139 4,474 5,059 5,186 4,494
1,388 1,431 1,155 1,501 2,348 2,159 1,898 2,644 3,699 4,162 4,363 3,736
Operating Profit 300 287 257 266 407 427 400 495 776 897 824 758
OPM % 18% 17% 18% 15% 15% 16% 17% 16% 17% 18% 16% 17%
26 16 14 32 41 59 43 38 32 73 60 112
Interest 9 6 6 10 15 21 23 21 31 45 37 31
Depreciation 54 57 60 61 62 59 57 80 83 98 108 132
Profit before tax 262 240 205 228 371 406 363 431 694 828 738 706
Tax % 34% 31% 30% 33% 32% 24% 24% 25% 26% 24% 27% 24%
173 165 144 152 253 308 276 323 512 625 542 534
EPS in Rs 24.74 23.58 20.55 21.65 36.08 43.87 39.37 46.03 72.83 88.85 77.61 68.85
Dividend Payout % 15% 16% 18% 18% 17% 18% 24% 20% 16% 16% 18% 15%
Compounded Sales Growth
10 Years: 10%
5 Years: 14%
3 Years: 0%
TTM: -13%
Compounded Profit Growth
10 Years: 11%
5 Years: 12%
3 Years: -1%
TTM: -10%
Stock Price CAGR
10 Years: 22%
5 Years: 14%
3 Years: 2%
1 Year: -12%
Return on Equity
10 Years: 17%
5 Years: 17%
3 Years: 16%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 9 9 9 9 9 9 14 14 14 14
Reserves 900 1,036 1,178 1,299 1,513 1,700 1,978 2,239 2,590 3,127 3,623 4,097
39 23 0 79 65 252 207 157 237 153 157 318
279 250 226 360 465 584 422 557 939 726 1,108 959
Total Liabilities 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,903 5,388
425 446 448 445 440 500 865 875 1,122 1,164 1,348 1,611
CWIP 42 48 38 47 179 371 76 107 101 167 190 302
Investments 20 24 74 0 203 155 637 109 135 89 180 644
740 801 854 1,255 1,231 1,518 1,039 1,873 2,422 2,601 3,185 2,831
Total Assets 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,903 5,388

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
148 155 134 -73 554 215 546 -283 310 511 536 936
-52 -11 -104 21 -360 -358 -470 418 -204 -146 -388 -1,148
-74 -179 -28 42 -56 47 -79 -135 -116 -193 -130 59
Net Cash Flow 23 -35 3 -10 137 -96 -3 0 -10 173 18 -152
Free Cash Flow 65 94 69 -142 389 -83 417 -427 173 302 230 452
CFO/OP 78% 77% 81% -0% 170% 75% 151% -33% 59% 82% 87% 147%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 48 83 110 115 61 52 64 70 82 68 89 82
Inventory Days 112 95 141 184 113 185 133 193 156 148 163 174
Days Payable 41 40 48 62 56 57 60 55 46 39 50 46
Cash Conversion Cycle 119 138 202 237 118 180 137 208 192 177 202 210
Working Capital Days 81 118 167 173 78 98 85 145 123 128 134 200
ROCE % 25% 19% 18% 26% 24% 19% 20% 27% 28% 22% 18%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Stainless Steel Tubes & Pipes Installed Capacity
MTPA ・Standalone data

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Carbon Steel Pipes Installed Capacity
MTPA ・Standalone data
Carbon Steel Sales Volume (Dispatches)
MT ・Standalone data
Stainless Steel Sales Volume (Dispatches)
MT ・Standalone data
Order Book (Standalone)
INR Crores ・Standalone data
Order Book (RFSS Subsidiary - Nuclear Spools)
INR Crores
Clean Energy (Captive Power) Installed
MW ・Standalone data
Energy from Clean Sources
% ・Standalone data
RFSS Spool Manufacturing Capacity
MT
RTL Forging Capacity
MTPA

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77%
12.79% 12.87% 12.77% 12.86% 12.61% 12.70% 11.56% 11.63% 11.28% 11.15% 11.11% 10.60%
16.45% 16.47% 16.28% 16.14% 16.58% 16.75% 18.74% 18.80% 19.18% 18.79% 18.92% 19.45%
0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
10.99% 10.87% 11.15% 11.22% 11.03% 10.75% 9.92% 9.79% 9.74% 10.26% 10.19% 10.15%
No. of Shareholders 26,56128,77834,25339,19039,50338,49333,80233,43032,42240,48639,51638,601

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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Credit ratings

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