Ratnamani Metals & Tubes Ltd

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

Ratnamani Metals & Tubes Ltd

₹ 2,410 -0.43%
07 Nov - 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 ₹ 16,889 Cr.
  • Current Price ₹ 2,410
  • High / Low ₹ 3,694 / 2,256
  • Stock P/E 27.8
  • Book Value ₹ 552
  • Dividend Yield 0.58 %
  • ROCE 21.5 %
  • ROE 16.0 %
  • 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 500 BSE SmallCap BSE Allcap BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
900 1,099 1,499 1,175 1,131 1,257 1,496 1,184 971 1,316 1,715 1,152 1,192
755 900 1,199 969 886 1,057 1,250 1,020 818 1,112 1,413 963 980
Operating Profit 145 199 301 206 245 200 246 164 154 204 302 188 211
OPM % 16% 18% 20% 18% 22% 16% 16% 14% 16% 15% 18% 16% 18%
10 7 7 9 11 15 39 12 20 19 9 30 27
Interest 5 8 14 10 11 13 12 10 14 7 7 11 7
Depreciation 19 20 25 24 24 25 25 26 26 27 29 32 32
Profit before tax 132 178 268 181 221 178 248 140 134 188 276 176 199
Tax % 25% 25% 28% 25% 26% 25% 22% 25% 26% 29% 26% 28% 22%
99 134 193 135 164 133 193 106 99 133 203 127 156
EPS in Rs 14.09 19.02 27.33 19.10 23.38 18.96 27.42 15.00 14.32 18.73 29.55 18.81 19.43
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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 TTM
1,688 1,718 1,412 1,767 2,755 2,586 2,298 3,139 4,474 5,059 5,186 5,375
1,388 1,431 1,155 1,501 2,348 2,159 1,898 2,644 3,699 4,162 4,363 4,469
Operating Profit 300 287 257 266 407 427 400 495 776 897 824 905
OPM % 18% 17% 18% 15% 15% 16% 17% 16% 17% 18% 16% 17%
26 16 14 32 41 59 43 38 32 73 60 85
Interest 9 6 6 10 15 21 23 21 31 45 37 32
Depreciation 54 57 60 61 62 59 57 80 83 98 108 119
Profit before tax 262 240 205 228 371 406 363 431 694 828 738 839
Tax % 34% 31% 30% 33% 32% 24% 24% 25% 26% 24% 27%
173 165 144 152 253 308 276 323 512 625 542 620
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 86.52
Dividend Payout % 15% 16% 18% 18% 17% 18% 24% 20% 16% 16% 18%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 18%
TTM: 10%
Compounded Profit Growth
10 Years: 12%
5 Years: 12%
3 Years: 19%
TTM: 14%
Stock Price CAGR
10 Years: 20%
5 Years: 23%
3 Years: 8%
1 Year: -33%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 19%
Last Year: 16%

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 Sep 2025
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 3,858
39 23 0 79 65 252 207 157 237 153 157 241
279 250 226 360 465 584 422 557 939 726 1,108 865
Total Liabilities 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,903 4,978
425 446 448 445 440 500 865 875 1,122 1,164 1,348 1,466
CWIP 42 48 38 47 179 371 76 107 101 167 190 210
Investments 20 24 74 0 203 155 637 109 135 89 180 638
740 801 854 1,255 1,231 1,518 1,039 1,873 2,422 2,601 3,185 2,664
Total Assets 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,903 4,978

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
148 155 134 -73 554 215 546 -283 310 511 536
-52 -11 -104 21 -360 -358 -470 418 -204 -146 -388
-74 -179 -28 42 -56 47 -79 -135 -116 -193 -130
Net Cash Flow 23 -35 3 -10 137 -96 -3 0 -10 173 18

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

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
60.10% 60.06% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77%
12.51% 12.77% 12.79% 12.87% 12.77% 12.86% 12.61% 12.70% 11.56% 11.63% 11.28% 11.15%
16.34% 16.39% 16.45% 16.47% 16.28% 16.14% 16.58% 16.75% 18.74% 18.80% 19.18% 18.79%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% 0.02% 0.02% 0.02% 0.02%
11.03% 10.76% 10.99% 10.87% 11.15% 11.22% 11.03% 10.75% 9.92% 9.79% 9.74% 10.26%
No. of Shareholders 20,18427,40326,56128,77834,25339,19039,50338,49333,80233,43032,42240,486

* 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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