
RATNAMANI MET & TUB Latest Share Price (RATNAMANI)
TODAY IN ONE LINE
RATNAMANI fell 2.9% on average volume, lagging Nifty's 0.3% move, supported by recent strong earnings.
With a market cap of ₹19,483.82 Cr., it trades at a P/E of 45.01. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
RATNAMANI MET & TUB flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Quarterly OutperformanceLatest quarter Sales up 31.2% and Profit up 98.0%
- ●Healthy Operating MarginsOPM is structurally strong at 16.4%
- ●High Promoter HoldingPromoters hold 59.8% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.07x
- ●Positive Free Cash FlowFCF has been positive for 3 consecutive years
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Earnings DeclineEPS (TTM) has contracted by 48.5% YoY
- ●Rising Receivables vs SalesReceivables grew 34.9% outpacing sales growth of 2.5%
Latest RATNAMANI MET & TUB News
What changed recently?
Recent events, corporate actions, and announcements.
RATNAMANI MET & TUB valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for RATNAMANI MET & TUB, framed against the sector median so the premium or discount is obvious at a glance.
RATNAMANI MET & TUB trades at a P/E of 45.01× and P/B of 4.74×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
RATNAMANI MET & TUB technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for RATNAMANI MET & TUB — derived from the latest tape, not yesterday's close.
RATNAMANI MET & TUB last traded at ₹2,776.9 with an intraday range of ₹2,756–₹2,861.1 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹2776.90| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 3050.20 | +273.30 | +9.84% |
| R3 | 2945.10 | +168.20 | +6.06% |
| R2 | 2903.10 | +126.20 | +4.54% |
| R1 | 2840.00 | +63.10 | +2.27% |
| PIVOT | 2798.00 | 21.10 | 0.76% |
| CURRENT | 2776.90 | — | — |
| S1 | 2734.90 | -42.00 | -1.51% |
| S2 | 2692.90 | -84.00 | -3.02% |
| S3 | 2629.80 | -147.10 | -5.30% |
| S4 | 2524.70 | -252.20 | -9.08% |
RATNAMANI is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: ₹2810.6–₹2861.1
Trading Inside opening range
RATNAMANI MET & TUB financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for RATNAMANI MET & TUB — consolidated or standalone — with margins, YoY growth and key ratios inline.
RATNAMANI MET & TUB reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹19,483.82 Cr. and reported EPS of ₹11.72.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 5,186 | 4,494 ▼ 13.4% |
| Sales Growth YoY %Derived | 2.52% | -13.35% |
| Other Income | 60 | 122 ▲ 104.6% |
| Total Income | 5,246 | 4,616 ▼ 12.0% |
| 3,372 | 2,680 ▼ 20.5% | |
| Gross ProfitDerived | 1,814 | 1,814 ▼ 0.0% |
| Gross Margin %Derived | 34.98% | 40.36% |
| 991 | 1,056 ▲ 6.6% | |
| EBITDA (Operating Profit)Derived | 824 | 758 ▼ 8.0% |
| OPM %Derived | 15.88% | 16.86% |
| 145 | 153 ▲ 5.1% | |
| Profit Before Tax (PBT) | 738 | 706 ▼ 4.3% |
| 196 | 172 ▼ 12.5% | |
| Effective Tax %Derived | 26.62% | 24.33% |
| Total Profit for Period | 542 | 534 ▼ 1.3% |
| Less: Non-controlling Interests | -2 | 52 ▲ 2256.6% |
| Net Profit (Owner's PAT)Derived | 544 | 483 ▼ 11.3% |
| Net Profit Margin %Derived | 10.49% | 10.74% |
| PAT Growth YoY %Derived | -12.66% | -11.29% |
| Earnings Per Share (EPS ₹) | 77.61 | 68.85 ▼ 11.3% |
| Diluted Shares Outstanding (Cr) | 7 | 7 ▲ 0.0% |
| Other Comprehensive Income (Net of Tax) | -6 | 6 ▲ 199.7% |
| Total Expenses (incl. D&A & Interest) | 4,508 | 3,910 ▼ 13.3% |
| Material Cost % of RevenueDerived | 63.03% | 58.61% |
| Employee Cost % of RevenueDerived | 6.04% | 8.12% |
| Other Cost % of RevenueDerived | 13.07% | 15.38% |
| Interest Coverage (x)Derived | 19.12x | 19.98x |
| Period | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,790 | 2,755 ▲ 53.9% | 2,583 ▼ 6.2% | 2,298 ▼ 11.0% | 3,139 ▲ 36.6% | 4,474 ▲ 42.6% | 5,059 ▲ 13.1% | 5,186 ▲ 2.5% | 4,494 ▼ 13.4% | |
| Sales Growth YoY %Derived | — | 53.92% | -6.23% | -11.03% | 36.58% | 42.55% | 13.07% | 2.52% | -13.35% | |
| Other Income | 32 | 41 ▲ 27.2% | 62 ▲ 50.0% | 43 ▼ 29.8% | 38 ▼ 13.1% | 33 ▼ 13.3% | 73 ▲ 124.0% | 60 ▼ 18.6% | 122 ▲ 104.6% | |
| Total Income | 1,822 | 2,796 ▲ 53.4% | 2,645 ▼ 5.4% | 2,342 ▼ 11.5% | 3,176 ▲ 35.7% | 4,507 ▲ 41.9% | 5,132 ▲ 13.9% | 5,246 ▲ 2.2% | 4,616 ▼ 12.0% | |
1,141 | 1,904 ▲ 66.9% | 1,696 ▼ 10.9% | 1,471 ▼ 13.3% | 2,104 ▲ 43.0% | 2,946 ▲ 40.0% | 3,330 ▲ 13.0% | 3,372 ▲ 1.3% | 2,680 ▼ 20.5% | ||
| Gross ProfitDerived | 649 | 851 ▲ 31.1% | 887 ▲ 4.2% | 827 ▼ 6.8% | 1,035 ▲ 25.2% | 1,529 ▲ 47.7% | 1,729 ▲ 13.1% | 1,814 ▲ 4.9% | 1,814 ▼ 0.0% | |
| Gross Margin %Derived | 36.27% | 30.89% | 34.33% | 35.97% | 32.97% | 34.17% | 34.19% | 34.98% | 40.36% | |
383 | 444 ▲ 16.0% | 463 ▲ 4.2% | 427 ▼ 7.8% | 540 ▲ 26.5% | 753 ▲ 39.5% | 832 ▲ 10.5% | 991 ▲ 19.1% | 1,056 ▲ 6.6% | ||
| EBITDA (Operating Profit)Derived | 266 | 407 ▲ 52.9% | 424 ▲ 4.3% | 400 ▼ 5.7% | 495 ▲ 23.8% | 775 ▲ 56.7% | 897 ▲ 15.7% | 824 ▼ 8.2% | 758 ▼ 8.0% | |
| OPM %Derived | 14.86% | 14.76% | 16.41% | 17.40% | 15.76% | 17.33% | 17.73% | 15.88% | 16.86% | |
70 | 77 ▲ 9.5% | 79 ▲ 3.0% | 80 ▲ 0.4% | 102 ▲ 27.3% | 115 ▲ 12.8% | 143 ▲ 24.6% | 145 ▲ 1.7% | 153 ▲ 5.1% | ||
| Profit Before Tax (PBT) | 228 | 371 ▲ 62.6% | 406 ▲ 9.7% | 363 ▼ 10.6% | 431 ▲ 18.6% | 694 ▲ 60.9% | 828 ▲ 19.3% | 738 ▼ 10.8% | 706 ▼ 4.3% | |
76 | 118 ▲ 54.6% | 99 ▼ 16.0% | 87 ▼ 11.5% | 108 ▲ 23.8% | 181 ▲ 67.4% | 203 ▲ 11.8% | 196 ▼ 3.0% | 172 ▼ 12.5% | ||
| Effective Tax %Derived | 33.39% | 31.74% | 24.32% | 24.06% | 25.13% | 26.14% | 24.47% | 26.62% | 24.33% | |
| Total Profit for Period | 152 | 253 ▲ 66.6% | 308 ▲ 21.6% | 276 ▼ 10.3% | 323 ▲ 16.9% | 512 ▲ 58.8% | 625 ▲ 22.0% | 542 ▼ 13.4% | 534 ▼ 1.3% | |
| Less: Non-controlling Interests | — | — | — | — | — | 2 | 2 ▲ 26.8% | -2 ▼ 205.6% | 52 ▲ 2256.6% | |
| Net Profit (Owner's PAT)Derived | 152 | 253 ▲ 66.6% | 308 ▲ 21.6% | 276 ▼ 10.3% | 323 ▲ 16.9% | 510 ▲ 58.2% | 623 ▲ 22.0% | 544 ▼ 12.7% | 483 ▼ 11.3% | |
| Net Profit Margin %Derived | 8.48% | 9.18% | 11.91% | 12.01% | 10.28% | 11.41% | 12.31% | 10.49% | 10.74% | |
| PAT Growth YoY %Derived | — | 66.65% | 21.60% | -10.26% | 16.90% | 58.22% | 22.01% | -12.66% | -11.29% | |
| Earnings Per Share (EPS ₹) | 21.65 | 36.08 ▲ 66.7% | 43.88 ▲ 21.6% | 39.38 ▼ 10.3% | 46.03 ▲ 16.9% | 72.83 ▲ 58.2% | 88.86 ▲ 22.0% | 77.61 ▼ 12.7% | 68.85 ▼ 11.3% | |
| Diluted Shares Outstanding (Cr) | 7 | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | 7 ▲ 0.0% | |
| Other Comprehensive Income (Net of Tax) | 0 | -5 ▼ 2468.9% | -3 ▲ 45.5% | 2 ▲ 184.5% | 4 ▲ 47.1% | 3 ▼ 5.4% | -2 ▼ 162.5% | -6 ▼ 192.7% | 6 ▲ 199.7% | |
| Total Expenses (incl. D&A & Interest) | 1,594 | 2,426 ▲ 52.1% | 2,239 ▼ 7.7% | 1,978 ▼ 11.6% | 2,746 ▲ 38.8% | 3,814 ▲ 38.9% | 4,305 ▲ 12.9% | 4,508 ▲ 4.7% | 3,910 ▼ 13.3% | |
| Material Cost % of RevenueDerived | 69.03% | 70.32% | 67.75% | 59.17% | 74.06% | 68.97% | 67.98% | 63.03% | 58.61% | |
| Employee Cost % of RevenueDerived | 6.10% | 4.69% | 5.63% | 6.17% | 5.07% | 4.68% | 5.10% | 6.04% | 8.12% | |
| Other Cost % of RevenueDerived | 15.31% | 11.44% | 12.28% | 12.41% | 12.14% | 12.16% | 11.36% | 13.07% | 15.38% | |
| Interest Coverage (x)Derived | 20.82x | 23.30x | 17.44x | 14.98x | 19.41x | 22.19x | 17.72x | 19.12x | 19.98x |
RATNAMANI MET & TUB segment analysis : revenue and profit mix.
Disclosed business segments at RATNAMANI MET & TUB with their share of revenue and profit, switchable between consolidated and standalone reporting.
RATNAMANI MET & TUB discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for RATNAMANI MET & TUB.
Our AI distills the core fundamental drivers supporting RATNAMANI MET & TUB, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
RATNAMANI MET & TUB's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.
What you're getting.
No strengths or opportunities on record.
Key Risks.
SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.
Flip Conditions.
Valuation risk. a P/E above 59 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
Income thesis breaks if the dividend is cut or yield falls below 0.17%.
RATNAMANI MET & TUB peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — RATNAMANI MET & TUB is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
RATNAMANI MET & TUB chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for RATNAMANI MET & TUB — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
RATNAMANI MET & TUB delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for RATNAMANI MET & TUB over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in RATNAMANI MET & TUB stood at 49.2% of traded volume, against a 20-day average of 39.3%.
RATNAMANI MET & TUB announcements: results, concalls, ratings, M&A.
Filings RATNAMANI MET & TUB sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
RATNAMANI MET & TUB files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 121 documents below.
Credit Rating
Ratnamani Metals & Tubes Limited has informed the Exchange about Credit Rating
Updates
Ratnamani Metals & Tubes Limited has informed the Exchange regarding 'ESG rating/score by CRISIL ESG Ratings & Analytics Limited '.
Bagging/Receiving of orders/contracts
Ratnamani Metals & Tubes Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Shareholders meeting
Ratnamani Metals & Tubes Limited has informed the Exchange with copy of minutes of Annual General Meeting held on August 18, 2026
Shareholders meeting
Ratnamani Metals & Tubes Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further,…
Investor decks & rating reports.
RATNAMANI MET & TUB dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue RATNAMANI MET & TUB has declared, sequenced by announce and record date.
RATNAMANI MET & TUB corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About RATNAMANI MET & TUB: business, sector, key facts.
What RATNAMANI MET & TUB does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
RATNAMANI MET & TUB operates in the Iron & Steel Products industry under the Capital Goods sector, 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.
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Questions investors ask about RATNAMANI MET & TUB (RATNAMANI).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of RATNAMANI MET & TUB (RATNAMANI)?
The current share price of RATNAMANI MET & TUB (RATNAMANI) is ₹2,776.90. Today, the stock has declined by ₹82.20 (2.88%), trading in a range of ₹2,756.00 to ₹2,861.10. The stock opened at ₹2,859.00 with a trading volume of 38,783 shares.
02Is RATNAMANI MET & TUB stock a good investment for long-term?
RATNAMANI MET & TUB can be considered for long-term investment based on several factors. The company has a market capitalization of ₹19,483.82 Cr., P/E ratio of 45.01, ROE of 12.7%, and ROCE of 12.51%. The dividend yield stands at 0.35%. 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 MET & TUB stock?
The 52-week high price of RATNAMANI MET & TUB (RATNAMANI) is ₹3,345.00, while the 52-week low is ₹1,936.50. Currently trading at ₹2,776.90, the stock is 43.4% above its 52-week low and 16.98% 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 MET & TUB stock at the current price?
Whether to buy RATNAMANI MET & TUB stock at ₹2,776.90 depends on multiple factors. The stock is currently trading with a P/E ratio of 45.01 and P/B ratio of 4.74. Today's performance shows a loss of 2.88%. 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 MET & TUB and when is the next dividend?
RATNAMANI MET & TUB offers a dividend yield of 0.35%, which means for every ₹100 invested at the current price of ₹2,776.90, you can expect to receive approximately ₹0.35 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 MET & TUB?
RATNAMANI MET & TUB's key financial metrics include: P/E Ratio: 45.01, P/B Ratio: 4.74, ROE: 12.7%, ROCE: 12.51%, Dividend Yield: 0.35%, EPS: ₹11.72, Book Value: ₹600.31, and Debt-to-Equity: 0.07. The company's market cap stands at ₹19,483.82 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is RATNAMANI MET & TUB stock performing today in the market?
RATNAMANI MET & TUB stock opened at ₹2,859.00 and is currently trading at ₹2,776.90, showing a decline of ₹82.20 (2.88%). The intraday high is ₹2,861.10 and low is ₹2,756.00. The trading volume stands at 38,783 shares, indicating moderate market participation today.
08What is the P/E ratio of RATNAMANI MET & TUB and what does it indicate?
RATNAMANI MET & TUB has a Price-to-Earnings (P/E) ratio of 45.01, which means investors are willing to pay 45.01 for every ₹1 of earnings. With an EPS of ₹11.72, 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 MET & TUB (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.