RATNAMANI - Ratnamani Metals & Tubes Ltd Share Price

Industrial Products

₹2689.10+10.20(+0.38%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Ratnamani Metals & Tubes Ltd do?

Iron & Steel Products•Capital Goods•Small Cap

Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless steel products comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. It also provides nickel alloy seamless heat exchanger and instrumentation tubes, and nickel alloy seamless pipes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers pipe coating solutions comprising external three layer polyethylene/polypropylene coating and single/dual layer fusion bonded epoxy coating; and internal coating solutions, such as internal liquid epoxy and cement mortar lining coatings. Further, it is involved in the generation of power from windmills. The company offers its products for various industries and applications, such as oil and gas exploration, LNG, food and dairy, fertilizer plants, thermal, solar and nuclear plants, defence, automobile, chemical, power plants, CNG, sugar, pulp and paper, petrochemicals and refineries, atomic energy, aerospace, desalination plants, pharmaceutical, marine, cross country pipe line for gas and water, pipes for engineering purpose, booster compressors and dispensers, water distribution pipelines, plumbing and heating, city gas distribution, structural pipe systems, sewerage, dredging pipes, mining pipes, air duct pipes, high mast pipes for wind mill towers, and general purpose applications. Ratnamani Metals & Tubes Limited was incorporated in 1983 and is headquartered in Ahmedabad, India.

Industry Group:Industrial Products

Employees:2,922

Website:www.ratnamani.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: RATNAMANI vs Industrial Products

Comprehensive comparison against sector averages

Comparative Metrics

RATNAMANI metrics compared to Industrial

Category	RATNAMANI	Industrial
PE	35.33	22.12
PS	3.71	1.50
Growth	-0.9 %	-1.5 %

Performance Comparison

RATNAMANI vs Industrial (2021 - 2025)

Key Insights

1. RATNAMANI is among the Top 5 Iron & Steel Products companies by market cap.
2. The company holds a market share of 3.1% in Iron & Steel Products.
3. The company is growing at an average growth rate of other Iron & Steel Products companies.

Description	Share	Value
Steel Tubes and Pipes	95.2%	1.3 kCr
Bearing Rings	4.8%	63.6 Cr
Total		1.3 kCr

Share Holdings

Understand Ratnamani Metals & Tubes ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi (on behalf of M N Sanghvi Family Trust)	52.16%
Kotak Emerging Equity Scheme	5.42%
Nalanda India Fund Limited	4.42%
Icici Prudential Infrastructure Fund	3.6%
Sanghvi Prakashmal Mishrimal (HUF)	3.42%
Sbi Small Cap Fund	3.04%
Nalanda India Equity Fund Limited	2.97%
Chunilal Fojaji Sanghvi	2.76%
Hsbc Small Cap Fund	2.1%
Jayantilal M Sanghvi (HUF)	1.45%
Dsp Small Cap Fund	1.39%
Pavankumar Mishrimal Sanghvi (HUF)	0.99%
Sanghvi Shantilal Mishrimal (HUF)	0.99%
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi	0.38%
Arunaben C. Sanghvi & Prakash M. Sanghvi	0.38%
Prakash M. Sanghvi & Reshmi Sanghvi	0%
Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi	0%
Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi	0%
Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi	0%
Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Valuation
Market Cap	18.78 kCr
Price/Earnings (Trailing)	35.33
Price/Sales (Trailing)	3.71
EV/EBITDA	21.93
Price/Free Cashflow	82.56
MarketCap/EBT	26.45

Fundamentals
Revenue (TTM)	5.06 kCr
Rev. Growth (Yr)	4.91%
Rev. Growth (Qtr)	34.73%
Earnings (TTM)	531.53 Cr
Earnings Growth (Yr)	0.29%
Earnings Growth (Qtr)	34.04%

Profitability
Operating Margin	14.04%
EBT Margin	14.04%
Return on Equity	15.99%
Return on Assets	12.31%
Free Cashflow Yield	1.21%

Balance Sheet for Ratnamani Metals & Tubes

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-72.5%	57	205	48	33	72	42
Current investments	-9.2%	80	88	157	135	126	109
Loans, current	1365.8%	11	0.21	0.23	0.19	0.21	0.19
Total current financial assets	-14.8%	1,046	1,228	1,070	1,169	817	780
Inventories	18.7%	1,513	1,275	1,170	1,193	1,101	1,112
Total current assets	5.2%	2,668	2,537	2,313	2,413	2,011	1,963
Property, plant and equipment	0%	954	954	910	940	847	874
Capital work-in-progress	47.1%	232	158	148	87	145	107
Non-current investments	30.3%	143	110	108	108	0.06	0.06
Loans, non-current	138.1%	19	8.56	0.05	0.05	0.04	0.05
Total non-current financial assets	37.8%	165	120	115	117	35	3.52
Total non-current assets	11.1%	1,387	1,249	1,189	1,156	1,053	998
Total assets	7.1%	4,055	3,786	3,502	3,570	3,063	2,961
Borrowings, non-current	-	0	0	29	45	73	96
Total non-current financial liabilities	18.2%	14	12	46	65	80	106
Total non-current liabilities	12.5%	100	89	107	119	128	148
Borrowings, current	238.6%	150	45	45	105	56	52
Total current financial liabilities	15.2%	432	375	312	457	528	391
Provisions, current	2.7%	5.14	5.03	4.88	2.76	3.92	2.17
Current tax liabilities	-116.4%	0	7.09	25	33	7.7	8.09
Total current liabilities	31.2%	624	476	473	751	567	566
Total liabilities	28.2%	724	565	580	871	695	714
Equity share capital	0%	14	14	14	14	14	9.35
Total equity	3.4%	3,331	3,221	2,922	2,699	2,368	2,247
Total equity and liabilities	7.1%	4,055	3,786	3,502	3,570	3,063	2,961

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-72.3%	58	207	49	34	75	44
Current investments	-10.2%	80	89	157	135	126	109
Loans, current	0%	0.38	0.38	0.28	0.26	0.21	0.19
Total current financial assets	-15.4%	1,080	1,276	1,108	1,213	820	781
Inventories	22.2%	1,648	1,349	1,236	1,259	1,101	1,112
Total current assets	6.8%	2,846	2,666	2,429	2,533	2,014	1,965
Property, plant and equipment	1%	1,155	1,144	1,092	1,102	847	874
Capital work-in-progress	48.2%	247	167	153	101	145	107
Goodwill	0%	19	19	19	19	0	0
Loans, non-current	1.1%	0.07	0.06	0.05	0.05	0.04	0.05
Total non-current financial assets	9.1%	5.81	5.41	9.15	13	35	3.46
Total non-current assets	8.6%	1,471	1,354	1,289	1,247	1,053	998
Total assets	7.4%	4,317	4,020	3,717	3,780	3,066	2,962
Borrowings, non-current	70%	35	21	51	57	73	96
Total non-current financial liabilities	-16.4%	93	111	164	166	80	106
Total non-current liabilities	-3.4%	197	204	248	244	128	148
Borrowings, current	83.3%	221	121	115	167	56	52
Total current financial liabilities	20.9%	602	498	416	565	529	391
Provisions, current	17.8%	5.76	5.04	4.88	2.76	3.92	2.17
Current tax liabilities	-113.8%	0.13	7.32	25	34	7.7	8.09
Total current liabilities	32.9%	797	600	577	861	568	566
Total liabilities	23.7%	994	804	825	1,104	696	714
Equity share capital	0%	14	14	14	14	14	9.35
Non controlling interest	-61.3%	30	76	74	72	0	-
Total equity	3.3%	3,323	3,216	2,892	2,676	2,370	2,248
Total equity and liabilities	7.4%	4,317	4,020	3,717	3,780	3,066	2,962

Cash Flow for Ratnamani Metals & Tubes

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Change in inventories	-1.7%	-82.08	-80.67	-575.08
Depreciation	10.7%	84	76	80
Unrealised forex losses/gains	-87.9%	-5.5	-2.46	-1.96
Adjustments for interest income	165%	24	9.68	22
Net Cashflows from Operations	52.9%	712	466	-149.75
Income taxes paid (refund)	50.3%	222	148	122
Net Cashflows From Operating Activities	54.4%	489	317	-271.74
Proceeds from sales of PPE	-73.9%	1.83	4.18	0.8
Purchase of property, plant and equipment	35.9%	175	129	144
Purchase of other long-term assets	-101%	0	98	0
Interest received	100%	19	10	22
Other inflows (outflows) of cash	243.2%	46	-30.43	528
Net Cashflows From Investing Activities	55%	-108.89	-243	406
Proceeds from borrowings	-102%	0	50	0
Repayments of borrowings	102%	100	50	51
Dividends paid	29.7%	84	65	65
Interest paid	35.3%	24	18	18
Net Cashflows from Financing Activities	-148.5%	-208.29	-83.23	-134.54
Effect of exchange rate on cash eq.	-7.6%	-0.27	-0.18	-0.13
Net change in cash and cash eq.	1804.9%	172	-9.03	-0.04

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Change in inventories	6.4%	-89.52	-95.67	-575.08
Depreciation	18.3%	98	83	80
Unrealised forex losses/gains	-87.9%	-5.5	-2.46	-1.96
Adjustments for interest income	464.5%	50	9.68	22
Net Cashflows from Operations	59.9%	735	460	-161.01
Income taxes paid (refund)	49.7%	224	150	122
Net Cashflows From Operating Activities	65%	511	310	-283
Proceeds from sales of PPE	-7.1%	4	4.23	0.8
Purchase of property, plant and equipment	50.4%	213	142	144
Purchase of other long-term assets	-102%	0	50	0
Interest received	100%	19	10	22
Other inflows (outflows) of cash	236.8%	44	-30.43	539
Net Cashflows From Investing Activities	29.9%	-145.26	-207.67	418
Proceeds from borrowings	-102.4%	0	43	0
Repayments of borrowings	2.8%	74	72	51
Dividends paid	29.7%	84	65	65
Interest paid	61.9%	35	22	18
Net Cashflows from Financing Activities	-65.7%	-192.95	-116.08	-134.54
Effect of exchange rate on cash eq.	-5.9%	-0.25	-0.18	-0.09
Net change in cash and cash eq.	1288.7%	173	-13.47	0.14

Investor Care
Dividend Yield	0.54%
Dividend/Share (TTM)	14
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	75.82

Financial Health
Current Ratio	3.57
Debt/Equity	0.08
Debt/Cashflow	3.59

Is Ratnamani Metals & Tubes Better than it's peers?

Detailed comparison of Ratnamani Metals & Tubes against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APLAPOLLO	APL Apollo TubesIron & Steel Products	44.87 kCr	20.03 kCr	+7.93%	+4.32%	70.73	2.24	+12.14%	-16.95%
JINDALSAW	Jindal SawIron & Steel Products	16.35 kCr	15.83 kCr	-3.69%	-6.26%	11.84	1.03	-24.27%	-1.71%
MAHSEAMLES	Maharashtra SeamlessIron & Steel Products	9.01 kCr	5.27 kCr	-1.43%	-25.78%	11.96	1.71	-11.44%	-31.89%
SURYAROSNI	Surya RoshniIron & Steel Products	5.78 kCr	7.4 kCr	+8.99%	-55.80%	18.05	0.78	-6.22%	-15.86%
MANINDS	Man Industries (India)Iron & Steel Products	1.77 kCr	3.15 kCr	+5.88%	-35.15%	16.2	0.56	+5.31%	+2.11%

Income Statement for Ratnamani Metals & Tubes

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	44.1%	1,294	898	1,110	1,424	1,199	1,072
Other Income	-31.6%	14	20	12	13	13	13
Total Income	42.6%	1,307	917	1,123	1,437	1,212	1,084
Cost of Materials	4.9%	707	674	816	933	893	696
Employee Expense	9.8%	68	62	61	56	56	52
Finance costs	-60.8%	4.19	9.14	4.93	9.41	7.02	6.21
Depreciation and Amortization	4.8%	23	22	22	21	21	20
Other expenses	23%	156	127	134	143	140	118
Total Expenses	42%	1,107	780	983	1,215	1,033	858
Profit Before exceptional items and Tax	46.3%	200	137	139	222	179	226
Total profit before tax	46.3%	200	137	139	222	179	226
Current tax	41.2%	49	35	34	55	44	55
Deferred tax	419.1%	5.5	-0.41	0.17	-0.57	0.9	2.15
Total tax	63.6%	55	34	34	54	45	57
Total profit (loss) for period	43.6%	146	102	105	168	134	169
Other comp. income net of taxes	0%	-0.09	-0.09	-0.08	-3.65	0.51	0.59
Total Comprehensive Income	42.6%	145	102	105	165	135	170
Earnings Per Share, Basic	45.1%	20.76	14.62	15.02	23.99	19.19	24.16
Earnings Per Share, Diluted	45%	20.75	14.62	15.02	23.99	19.19	24.16

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	10%	4,807	4,370	3,139	2,298	2,583	2,755
Other Income	50%	46	31	38	43	62	41
Total Income	10.3%	4,853	4,401	3,176	2,342	2,645	2,796
Cost of Materials	9%	3,299	3,026	2,325	1,360	1,750	1,937
Employee Expense	15.5%	224	194	158	141	145	129
Finance costs	18.2%	27	23	21	23	21	15
Depreciation and Amortization	10.7%	84	76	80	57	59	62
Other expenses	-1.7%	514	523	382	286	318	315
Total Expenses	9.1%	4,044	3,707	2,746	1,978	2,239	2,426
Profit Before exceptional items and Tax	16.7%	810	694	431	363	406	371
Total profit before tax	16.7%	810	694	431	363	406	371
Current tax	14%	197	173	107	79	105	122
Deferred tax	-46.6%	4.29	7.16	1.66	8.34	-5.76	-4.43
Total tax	11.7%	201	180	108	87	99	118
Total profit (loss) for period	18.5%	609	514	322	276	308	253
Other comp. income net of taxes	-236.9%	-2.04	3.22	3.49	2.43	-2.93	-5.28
Total Comprehensive Income	17.4%	607	517	326	278	305	248
Earnings Per Share, Basic	18.6%	86.83	73.34	45.993333	39.36	43.873333	36.086667
Earnings Per Share, Diluted	18.6%	86.83	73.34	45.993333	39.36	43.873333	36.086667

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	35.6%	1,316	971	1,184	1,496	1,257	1,131
Other Income	-5.3%	19	20	12	39	15	11
Total Income	34.7%	1,335	991	1,196	1,535	1,272	1,142
Cost of Materials	6.5%	766	719	857	971	930	730
Employee Expense	8.2%	80	74	72	65	65	61
Finance costs	-50.2%	7.47	14	9.72	12	13	11
Depreciation and Amortization	4%	27	26	26	25	25	24
Other expenses	23.1%	177	144	151	160	155	132
Total Expenses	33.9%	1,147	857	1,056	1,287	1,094	921
Profit Before exceptional items and Tax	40.6%	188	134	140	248	178	221
Total profit before tax	40.6%	188	134	140	248	178	221
Current tax	44.1%	50	35	34	55	44	55
Deferred tax	330.9%	5.34	-0.88	0.13	-0.78	1.3	2.1
Total tax	63.6%	55	34	34	55	45	57
Total profit (loss) for period	34.7%	133	99	106	193	133	164
Other comp. income net of taxes	3.6%	-0.06	-0.1	-0.09	-3.72	0.51	0.61
Total Comprehensive Income	34.7%	133	99	106	189	133	165
Earnings Per Share, Basic	36.7%	19	14.17	15.11	27.55	18.94	23.45
Earnings Per Share, Diluted	36.6%	18.99	14.17	15.11	27.55	18.94	23.45

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	13.1%	5,059	4,474	3,139	2,298	2,583	2,755
Other Income	125%	73	33	38	43	62	41
Total Income	13.9%	5,132	4,507	3,176	2,342	2,645	2,796
Cost of Materials	11.4%	3,439	3,086	2,325	1,360	1,750	1,937
Employee Expense	23.6%	258	209	159	142	146	129
Finance costs	46.7%	45	31	21	23	21	15
Depreciation and Amortization	18.3%	98	83	80	57	59	62
Other expenses	5.7%	575	544	381	285	317	315
Total Expenses	12.9%	4,305	3,814	2,746	1,978	2,239	2,426
Profit Before exceptional items and Tax	19.3%	828	694	431	363	406	371
Total profit before tax	19.3%	828	694	431	363	406	371
Current tax	13.8%	199	175	107	79	105	122
Deferred tax	-45.5%	4.06	6.61	1.66	8.34	-5.76	-4.43
Total tax	12.2%	203	181	108	87	99	118
Total profit (loss) for period	22.1%	625	512	323	276	308	253
Other comp. income net of taxes	-232.1%	-2.09	3.34	3.53	2.4	-2.84	-5.21
Total Comprehensive Income	20.8%	623	516	326	278	305	248
Earnings Per Share, Basic	22.3%	89.18	73.09	46.033333	39.38	43.88	36.086667
Earnings Per Share, Diluted	22.3%	89.18	73.09	46.033333	39.38	43.88	36.086667

RATNAMANI - Ratnamani Metals & Tubes Ltd Share Price

What does Ratnamani Metals & Tubes Ltd do?

Sector Comparison: RATNAMANI vs Industrial Products

Comparative Metrics

Performance Comparison

Revenue Breakdown

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Valuation

Fundamentals

Profitability

Balance Sheet for Ratnamani Metals & Tubes

Cash Flow for Ratnamani Metals & Tubes

Investor Care

Financial Health

Is Ratnamani Metals & Tubes Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Income Statement for Ratnamani Metals & Tubes