Ratnamani Metals & Tubes Ltd

₹ 2,000 0.52%
27 Jan - close price
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

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]

  • Market Cap 14,017 Cr.
  • Current Price 2,000
  • High / Low 2,141 / 1,260
  • Stock P/E 36.3
  • Book Value 338
  • Dividend Yield 0.47 %
  • ROCE 19.6 %
  • ROE 15.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 20.8%

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
610 756 630 578 577 442 696 526 712 927 974 977 900
494 648 533 504 495 361 537 441 600 796 806 846 755
Operating Profit 117 108 97 74 82 81 159 85 111 131 169 131 145
OPM % 19% 14% 15% 13% 14% 18% 23% 16% 16% 14% 17% 13% 16%
22 15 13 13 14 12 9 8 9 11 10 9 10
Interest 6 6 6 5 6 6 6 5 5 5 6 5 5
Depreciation 14 15 15 14 14 13 15 19 19 19 23 19 19
Profit before tax 118 102 90 67 76 74 147 68 96 118 149 116 132
Tax % 35% 1% 25% 26% 25% 19% 25% 26% 26% 24% 25% 25% 25%
Net Profit 76 101 67 50 57 60 109 50 72 89 112 87 99
EPS in Rs 10.91 14.41 9.61 7.09 8.09 8.58 15.61 7.19 10.20 12.71 15.92 12.39 14.09
Raw PDF

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 TTM
1,688 1,718 1,412 1,767 2,755 2,586 2,298 3,139 3,778
1,388 1,431 1,155 1,501 2,348 2,159 1,898 2,644 3,203
Operating Profit 300 287 257 266 407 427 400 495 575
OPM % 18% 17% 18% 15% 15% 16% 17% 16% 15%
26 16 14 32 41 59 43 38 39
Interest 9 6 6 10 15 21 23 21 21
Depreciation 54 57 60 61 62 59 57 80 80
Profit before tax 262 240 205 228 371 406 363 431 514
Tax % 34% 31% 30% 33% 32% 24% 24% 25%
Net Profit 173 165 144 152 253 308 276 323 386
EPS in Rs 24.74 23.58 20.55 21.65 36.08 43.87 39.37 46.03 55.11
Dividend Payout % 15% 16% 18% 18% 17% 18% 24% 20%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 4%
TTM: 59%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 8%
TTM: 33%
Stock Price CAGR
10 Years: 37%
5 Years: 23%
3 Years: 35%
1 Year: 56%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 16%
Last Year: 15%

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 Sep 2022
9 9 9 9 9 9 9 9 14
Reserves 900 1,036 1,178 1,299 1,513 1,700 1,978 2,239 2,356
39 23 0 79 65 252 207 157 137
279 250 226 360 465 584 422 557 559
Total Liabilities 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,066
425 446 448 445 440 500 865 875 848
CWIP 42 48 38 47 179 371 76 107 145
Investments 20 24 74 0 203 155 637 109 126
740 801 854 1,255 1,231 1,518 1,039 1,873 1,947
Total Assets 1,227 1,319 1,414 1,747 2,053 2,545 2,617 2,962 3,066

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 48 83 110 115 61 52 64 70
Inventory Days 112 95 141 184 113 185 133 193
Days Payable 41 40 48 62 56 57 60 55
Cash Conversion Cycle 119 138 202 237 118 180 137 208
Working Capital Days 86 121 167 190 86 104 85 145
ROCE % 25% 19% 18% 26% 24% 19% 20%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
60.16 60.16 60.16 60.16 60.16 60.16 60.16 60.16 60.16 60.16 60.10 60.10
9.72 9.68 9.64 10.09 11.21 11.92 11.92 12.01 12.13 12.28 12.51 12.51
12.21 13.78 14.09 14.38 14.26 14.06 15.27 16.02 16.26 16.36 16.25 16.34
17.91 16.38 16.11 15.36 14.36 13.85 12.65 11.81 11.45 11.20 11.14 11.03

* 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

Concalls