Ratnamani Metals & Tubes Ltd

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

Ratnamani Metals & Tubes Ltd

₹ 3,362 -0.67%
11 Dec 3:44 p.m.
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 ₹ 23,565 Cr.
  • Current Price ₹ 3,362
  • High / Low ₹ 3,978 / 2,581
  • Stock P/E 44.5
  • Book Value ₹ 470
  • Dividend Yield 0.42 %
  • ROCE 27.7 %
  • ROE 21.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 19.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.5%

Cons

  • Stock is trading at 7.16 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.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

Part of Nifty Smallcap 250 BSE 250 SmallCap Index BSE Allcap BSE SmallCap Nifty500 Multicap India Manufacturing 50:30:20

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
712 927 974 977 900 1,099 1,499 1,175 1,131 1,257 1,496 1,184 971
600 796 806 846 755 900 1,199 969 886 1,057 1,250 1,020 818
Operating Profit 111 131 169 131 145 199 301 206 245 200 246 164 154
OPM % 16% 14% 17% 13% 16% 18% 20% 18% 22% 16% 16% 14% 16%
9 11 10 9 10 7 7 9 11 15 39 12 20
Interest 5 5 6 5 5 8 14 10 11 13 12 10 14
Depreciation 19 19 23 19 19 20 25 24 24 25 25 26 26
Profit before tax 96 118 149 116 132 178 268 181 221 178 248 140 134
Tax % 26% 24% 25% 25% 25% 25% 28% 25% 26% 25% 22% 25% 26%
72 89 112 87 99 134 193 135 164 133 193 106 99
EPS in Rs 10.20 12.71 15.92 12.39 14.09 19.02 27.33 19.10 23.38 18.96 27.42 15.00 14.32
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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 TTM
1,688 1,718 1,412 1,767 2,755 2,586 2,298 3,139 4,474 5,059 4,908
1,388 1,431 1,155 1,501 2,348 2,159 1,898 2,644 3,699 4,162 4,144
Operating Profit 300 287 257 266 407 427 400 495 776 897 764
OPM % 18% 17% 18% 15% 15% 16% 17% 16% 17% 18% 16%
26 16 14 32 41 59 43 38 32 73 86
Interest 9 6 6 10 15 21 23 21 31 45 48
Depreciation 54 57 60 61 62 59 57 80 83 98 102
Profit before tax 262 240 205 228 371 406 363 431 694 828 700
Tax % 34% 31% 30% 33% 32% 24% 24% 25% 26% 24%
173 165 144 152 253 308 276 323 512 625 531
EPS in Rs 24.74 23.58 20.55 21.65 36.08 43.87 39.37 46.03 72.83 88.85 75.70
Dividend Payout % 15% 16% 18% 18% 17% 18% 24% 20% 16% 16%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 30%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 31%
TTM: -15%
Stock Price CAGR
10 Years: 23%
5 Years: 38%
3 Years: 36%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 20%
Last Year: 22%

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 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 14 14 14
Reserves 900 1,036 1,178 1,299 1,513 1,700 1,978 2,239 2,590 3,127 3,279
39 23 0 79 65 252 207 157 237 153 265
279 250 226 360 465 584 422 557 939 726 759
Total Liabilities 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,317
425 446 448 445 440 500 865 875 1,122 1,164 1,175
CWIP 42 48 38 47 179 371 76 107 101 167 247
Investments 20 24 74 0 203 155 637 109 135 89 80
740 801 854 1,255 1,231 1,518 1,039 1,873 2,422 2,601 2,815
Total Assets 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,780 4,020 4,317

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

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
Debtor Days 48 83 110 115 61 52 64 70 82 68
Inventory Days 112 95 141 184 113 185 133 193 156 148
Days Payable 41 40 48 62 56 57 60 55 46 39
Cash Conversion Cycle 119 138 202 237 118 180 137 208 192 177
Working Capital Days 86 121 167 190 86 104 85 151 136 137
ROCE % 25% 19% 18% 26% 24% 19% 20% 27% 28%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.16% 60.16% 60.16% 60.10% 60.10% 60.06% 59.77% 59.77% 59.77% 59.77% 59.77% 59.77%
12.01% 12.13% 12.28% 12.51% 12.51% 12.77% 12.79% 12.87% 12.77% 12.86% 12.61% 12.70%
16.02% 16.26% 16.36% 16.25% 16.34% 16.39% 16.45% 16.47% 16.28% 16.14% 16.58% 16.75%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.02%
11.81% 11.45% 11.20% 11.14% 11.03% 10.76% 10.99% 10.87% 11.15% 11.22% 11.03% 10.75%
No. of Shareholders 16,31016,83018,74420,28720,18427,40326,56128,77834,25339,19039,50338,493

* 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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