Ratnamani Metals & Tubes
Ratnamani Metals & Tubes Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Ratnamani Metals & Tubes Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Ratnamani Metals & Tubes Ltd trades at a P/E of 37.45× and P/B of 4.40×.
Valuation
Profitability
Growth
Financial Health
Ratnamani Metals & Tubes Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Ratnamani Metals & Tubes Ltd, switchable between annual and quarterly views, consolidated or standalone.
Ratnamani Metals & Tubes Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹18,233.03 Cr and reported EPS of ₹68.90.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,790 | 2,755 | 2,583 | 2,298 | 3,139 | 4,474 | 5,059 | 5,186 | 4,494 |
| Other Income | 32 | 41 | 62 | 43 | 38 | 33 | 73 | 60 | 122 |
| Total Income | 1,822 | 2,796 | 2,645 | 2,342 | 3,176 | 4,507 | 5,132 | 5,246 | 4,616 |
| Cost of Goods Sold (COGS) | 1,141 | 1,904 | 1,696 | 1,471 | 2,104 | 2,946 | 3,330 | 3,372 | 2,680 |
| Gross Profit | 649 | 851 | 887 | 827 | 1,035 | 1,529 | 1,729 | 1,814 | 1,814 |
| +Operating Expenses | 383 | 444 | 463 | 427 | 540 | 753 | 832 | 991 | 1,056 |
| EBITDA | 266 | 407 | 424 | 400 | 495 | 775 | 897 | 824 | 758 |
| +Non-Operating Expenses | 70 | 77 | 79 | 80 | 102 | 115 | 143 | 145 | 153 |
| Profit Before Tax (PBT) | 228 | 371 | 406 | 363 | 431 | 694 | 828 | 738 | 706 |
| +Tax Expense | 76 | 118 | 99 | 87 | 108 | 181 | 203 | 196 | 172 |
| Profit After Tax (PAT) | 152 | 253 | 308 | 276 | 323 | 512 | 625 | 542 | 534 |
| Earnings Per Share (EPS) | 21.65 | 36.08 | 43.88 | 39.38 | 46.03 | 72.83 | 88.86 | 77.61 | 68.85 |
| Diluted Shares Outstanding (Nos.) | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| +Additional Disclosures | 2,735 | 4,324 | 3,932 | 3,452 | 4,853 | 6,764 | 7,634 | 7,872 | 6,637 |
| Sales Growth % | — | 53.92 | -6.23 | -11.03 | 36.58 | 42.55 | 13.07 | 2.52 | -13.35 |
| YoY Sales Growth % | — | 53.92 | -6.23 | -11.03 | 36.58 | 42.55 | 13.07 | 2.52 | -13.35 |
| Material Cost % | 69 | 70 | 68 | 59 | 74 | 69 | 68 | 63 | 59 |
| Employee Cost % | 6 | 5 | 6 | 6 | 5 | 5 | 5 | 6 | 8 |
| Other Cost % | 15 | 11 | 12 | 12 | 12 | 12 | 11 | 13 | 15 |
| OPM % | 15 | 15 | 16 | 17 | 16 | 17 | 18 | 16 | 17 |
| Tax % | 33 | 32 | 24 | 24 | 25 | 26 | 24 | 27 | 24 |
| Profit Growth % | — | 66.65 | 21.60 | -10.26 | 16.90 | 58.77 | 22.02 | -13.36 | -1.31 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 205 | 344 | 365 | 343 | 415 | 692 | 800 | 716 | 626 |
Ratnamani Metals & Tubes segment analysis: revenue and profit mix.
Disclosed business segments at Ratnamani Metals & Tubes with their share of revenue and profit, switchable between consolidated and standalone reporting.
Ratnamani Metals & Tubes discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Ratnamani Metals & Tubes Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Ratnamani Metals & Tubes Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Ratnamani Metals & Tubes Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Healthy ROE (16.00%) and ROCE (21.50%) indicate efficient capital utilization.
Robust operating profit margin (16.40%) demonstrates strong core business efficiency.
Very low debt-to-equity ratio (0.04) minimizes financial risk.
Consistent 5-year revenue growth (14.96%) and EPS growth (12.05%) are solid.
High promoter holding (59.77%) aligns management and shareholder interests.
What can break it.
Quarterly sales growth is negative (-2.71%), indicating potential revenue momentum challenges.
P/E ratio of 30.00 appears relatively high compared to industry peers.
Wide 52-week price range (₹2256-₹3770) indicates considerable market risk.
FII holding declined from 12.87% to 11.15% (Sep 2025), signaling reduced confidence.
Stock price declined -2.25% over the last five trading days.
What would change my mind.
Trim if P/E re-rates above 49. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 7.99. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 9%. The operating engine is no longer compounding capital efficiently.
Ratnamani Metals & Tubes Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Ratnamani Metals & Tubes Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Ratnamani Metals & Tubes Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Ratnamani Metals & Tubes Ltd — derived from the live tape, not yesterday's close.
Ratnamani Metals & Tubes Ltd last traded at ₹2,602.2 with an intraday range of ₹2,582.5–₹2,692 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹2602.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 2887.63 | +285.43 | +10.97% |
| R3 | 2778.13 | +175.93 | +6.76% |
| R2 | 2735.07 | +132.87 | +5.11% |
| R1 | 2668.63 | +66.43 | +2.55% |
| PIVOT | 2625.57 | 23.37 | 0.90% |
| CURRENT | 2602.20 | — | — |
| S1 | 2340.13 | -262.07 | -10.07% |
| S2 | 2449.63 | -152.57 | -5.86% |
| S3 | 2516.07 | -86.13 | -3.31% |
| S4 | 2559.13 | -43.07 | -1.66% |
RATNAMANI is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 2605.7 ~ 2666
Trading Inside opening range
Ratnamani Metals & Tubes Ltd chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Ratnamani Metals & Tubes Ltd — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Ratnamani Metals & Tubes Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Ratnamani Metals & Tubes Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Ratnamani Metals & Tubes Ltd stood at 62.8% of traded volume, against a 20-day average of 51.3%.
Ratnamani Metals & Tubes announcements: results, concalls, ratings, M&A.
Filings Ratnamani Metals & Tubes sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Ratnamani Metals & Tubes files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 104 documents below.
Copy of Newspaper Publication
Ratnamani Metals & Tubes Limited has informed the Exchange about Copy of Newspaper Publication for the attention of the Shareholders of the Company…
Updates
Ratnamani Metals & Tubes Limited has informed the Exchange regarding 'Communication to the Shareholders of the Company for Deduction of Tax at Source…
Disclosure under SEBI Takeover Regulations
Shanti M Sanghvi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Copy of Newspaper Publication
Ratnamani Metals & Tubes Limited has informed the Exchange about Copy of Newspaper Publication in respect of communication to the Shareholders.
Disclosure under SEBI Takeover Regulations
JAYANTI M. SANGHVI has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Investor decks & rating reports.
Ratnamani Metals & Tubes dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Ratnamani Metals & Tubes has declared, sequenced by announce and record date.
Ratnamani Metals & Tubes corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Ratnamani Metals & Tubes Ltd: business, sector, key facts.
What Ratnamani Metals & Tubes Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Ratnamani Metals & Tubes Ltd operates in the Basic Materials, listed as NSE: RATNAMANI, BSE: 520111.
Ratnamani Metals & Tubes Limited (RM&TL) is a prominent Indian manufacturer and supplier of stainless steel and carbon steel pipes and tubes, catering to both domestic and international markets. Their core business revolves around the production of a diverse range of piping solutions, encompassing seamless and welded tubes and pipes in various materials and specifications.
The company's stainless steel product line is extensive, featuring seamless and welded tubes and pipes suitable for diverse applications. This includes specialized components such as heat exchanger tubes and instrumentation seamless tubes, crucial for industries requiring high-performance and corrosion-resistant materials. They also manufacture nickel alloy seamless heat exchanger and instrumentation tubes and pipes, along with titanium welded tubes, demonstrating expertise in handling high-value, specialized alloys.
Beyond the core pipe and tube manufacturing, RM&TL offers value-added services including induction bending, a process that shapes pipes to precise specifications for complex projects. Their carbon steel product line includes pipes produced through high-frequency electric resistance welding and submerged arc welding, catering to applications demanding robust and cost-effective solutions. The company's commitment to comprehensive solutions is further highlighted by their pipe coating services, encompassing external coatings (three-layer polyethylene/polypropylene and single/dual layer fusion bonded epoxy) and internal coatings (liquid epoxy and cement mortar lining).
RM&TL's product range finds applications across a vast spectrum of industries, encompassing oil and gas exploration (including LNG), food and dairy processing, fertilizer manufacturing, thermal, solar and nuclear power plants, defense, automotive, chemical processing, power generation, CNG infrastructure, sugar production, pulp and paper manufacturing, petrochemicals and refineries, atomic energy, aerospace, desalination, pharmaceuticals, marine engineering, and general industrial uses. Their products are integral components in various systems including cross-country pipelines (gas and water), engineering applications, booster compressors and dispensers, water distribution networks, plumbing and heating systems, city gas distribution, structural pipe systems, sewerage, dredging, mining, air duct systems, wind mill towers, and numerous other general purpose applications.
In addition to its core manufacturing operations, Ratnamani Metals & Tubes Limited also engages in wind power generation, demonstrating a commitment to renewable energy. Established in 1983 and headquartered in Ahmedabad, India, the company's success rests on its ability to deliver a comprehensive range of high-quality piping solutions and related services across a diverse range of sectors globally.
Questions investors ask about Ratnamani Metals & Tubes Ltd (RATNAMANI).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Ratnamani Metals & Tubes Ltd (RATNAMANI)?
The current share price of Ratnamani Metals & Tubes Ltd (RATNAMANI) is ₹2,602.2. Today, the stock has gained by ₹3.50 (0.13%), trading in a range of ₹2,582.5 to ₹2,692. The stock opened at ₹2,614.5 with a trading volume of 1,03,709 shares.
02Is Ratnamani Metals & Tubes Ltd stock a good investment for long-term?
Ratnamani Metals & Tubes Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹18,233.03 crores, P/E ratio of 37.45, ROE of 13.58%, and ROCE of 21.50%. The dividend yield stands at 0.39%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Ratnamani Metals & Tubes Ltd stock?
The 52-week high price of Ratnamani Metals & Tubes Ltd (RATNAMANI) is ₹3,345, while the 52-week low is ₹1,936.5. Currently trading at ₹2,602.2, the stock is 47.3% away from its 52-week low and 22.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Ratnamani Metals & Tubes Ltd stock at the current price?
Whether to buy Ratnamani Metals & Tubes Ltd stock at ₹2,602.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 37.45 and P/B ratio of 4.40. Today's performance shows a gain of 0.13%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Ratnamani Metals & Tubes Ltd and when is the next dividend?
Ratnamani Metals & Tubes Ltd offers a dividend yield of 0.39%, which means for every ₹100 invested at the current price of ₹2,602.2, you can expect to receive approximately ₹0.39 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Ratnamani Metals & Tubes Ltd?
Ratnamani Metals & Tubes Ltd's key financial metrics include: P/E Ratio: 37.45, P/B Ratio: 4.40, ROE: 13.58%, ROCE: 21.50%, Dividend Yield: 0.39%, EPS: ₹68.90, Book Value: ₹586.82, and Debt-to-Equity: 7.49. The company's market cap stands at ₹18,233.03 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Ratnamani Metals & Tubes Ltd stock performing today in the market?
Ratnamani Metals & Tubes Ltd stock opened at ₹2,614.5 and is currently trading at ₹2,602.2, showing a gain of ₹3.50 (0.13%). The intraday high is ₹2,692 and low is ₹2,582.5. The trading volume stands at 1,03,709 shares, indicating moderate market participation today.
08What is the P/E ratio of Ratnamani Metals & Tubes Ltd and what does it indicate?
Ratnamani Metals & Tubes Ltd has a Price-to-Earnings (P/E) ratio of 37.45, which means investors are willing to pay ₹37.45 for every ₹1 of earnings. With an EPS of ₹68.90, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Ratnamani Metals & Tubes Ltd (RATNAMANI) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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