RATNAMANI - Ratnamani Metals & Tubes Ltd Share Price

Industrial Products

₹2451.80+13.20(+0.54%)

Market Closed as of Dec 12, 2025, 15:30 IST

Valuation
Market Cap	17.09 kCr
Price/Earnings (Trailing)	28.28
Price/Sales (Trailing)	3.13
EV/EBITDA	17.46
Price/Free Cashflow	78.32
MarketCap/EBT	20.37
Enterprise Value	17.29 kCr

Fundamentals
Revenue (TTM)	5.46 kCr
Rev. Growth (Yr)	23%
Earnings (TTM)	619.51 Cr
Earnings Growth (Yr)	57.1%

Profitability
Operating Margin	15%
EBT Margin	15%
Return on Equity	15.76%
Return on Assets	12.45%
Free Cashflow Yield	1.28%

Price to Sales Ratio

Latest reported: 3.1

Revenue (Last 12 mths)

Latest reported: 5.5 kCr

Net Income (Last 12 mths)

Latest reported: 619.5 Cr

Growth & Returns
Price Change 1W	2.4%
Price Change 1M	-0.70%
Price Change 6M	-15.6%
Price Change 1Y	-27.5%
3Y Cumulative Return	8.2%
5Y Cumulative Return	17.9%
7Y Cumulative Return	22.2%
10Y Cumulative Return	21.4%

Cash Flow & Liquidity
Cash Flow from Investing (TTM)	-397.12 Cr
Cash Flow from Operations (TTM)	536.22 Cr
Cash Flow from Financing (TTM)	-130.18 Cr
Cash & Equivalents	28.62 Cr
Free Cash Flow (TTM)	207.14 Cr
Free Cash Flow/Share (TTM)	29.55

Balance Sheet
Total Assets	4.98 kCr
Total Liabilities	1.05 kCr
Shareholder Equity	3.93 kCr
Current Assets	3 kCr
Current Liabilities	821.85 Cr
Net PPE	1.44 kCr
Inventory	1.22 kCr
Goodwill	18.64 Cr

Capital Structure & Leverage
Debt Ratio	0.05
Debt/Equity	0.06
Interest Coverage	25.39
Interest/Cashflow Ops	14.85

Dividend & Shareholder Returns
Dividend/Share (TTM)	14
Dividend Yield	0.57%
Shares Dilution (1Y)	0.00%
Shares Dilution (3Y)	0.00%

Pros

Balance Sheet: Strong Balance Sheet.

Profitability: Recent profitability of 11% is a good sign.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Past Returns: In past three years, the stock has provided 8.2% return compared to 11.9% by NIFTY 50.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Investor Care
Dividend Yield	0.57%
Dividend/Share (TTM)	14
Shares Dilution (1Y)	0.00%
Earnings/Share (TTM)	86.23

Financial Health
Current Ratio	3.66
Debt/Equity	0.06

Technical Indicators
RSI (14d)	85.63
RSI (5d)	90.86
RSI (21d)	46.98
MACD Signal	Buy
Stochastic Oscillator Signal	Sell
Grufity Signal	Buy
RSI Signal	Sell
RSI5 Signal	Sell
RSI21 Signal	Hold
SMA 5 Signal	Buy
SMA 10 Signal	Buy
SMA 20 Signal	Buy
SMA 50 Signal	Buy
SMA 100 Signal	Buy

Earnings Outlook

Last updated:

Q&A Session

Last updated:

Revenue

Last Updated: Jun 30, 2025

Description	Share	Value
Steel Tubes and Pipes	92.2%	1.1 kCr
Bearing Rings	6.7%	77.3 Cr
Pipe Spools and Auxiliary Support Systems	1.1%	12.6 Cr
Total		1.2 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

Shareholder Name	Holding %
M N Sanghvi Family Trust (Trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi)	52.16%
Kotak Midcap Fund	4.84%
Icici Prudential Multi-Asset Fund	4.68%
Nalanda India Fund Limited	4.42%
Sanghvi Prakashmal Mishrimal, HUF (Karta: Prakash M. Sanghvi)	3.42%
Sbi Small Cap Fund	3.04%
Chunilal Fojaji Sanghvi	2.36%
Hsbc Small Cap Fund	2.1%
Jayantilal M Sanghvi, HUF (Karta: Jayanti Mishrimal Sanghvi)	1.45%
Pavankumar Mishrimal Sanghvi, HUF (Karta: Pawankumar M. Sanghvi)	0.99%
Sanghvi Shantilal Mishrimal, HUF (Karta Shantilal M. Sanghvi)	0.99%
Arunaben C. Sanghvi & Prakash M. Sanghvi	0.38%
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi	0.14%
Prakash M. Sanghvi & Reshmi Sanghvi	0.11%
Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi	0.07%
Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi	0.06%
Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi	0%
Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi	0%
Vimla Pavan Sanghvi & Pavan Mishrimal Sanghvi & Prakash M. Sanghvi	0%
Manoj P. Sanghvi & Dimple M. Sanghvi & Jayanti M. Sanghvi	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
APLAPOLLO	APL Apollo Tubes	47.84 kCr	21.42 kCr	-3.80%	+7.80%	45.59	2.23	-	-
JINDALSAW	Jindal Saw	10.21 kCr	18.73 kCr	-7.60%	-51.30%	7.4	0.55	-	-
MAHSEAMLES	Maharashtra Seamless	7.42 kCr	5.41 kCr	-0.10%	-29.20%	9.46	1.37	-	-
SURYAROSNI	Surya Roshni	5.64 kCr	7.51 kCr	-13.70%	-11.20%	19.93	0.75	-	-
MANINDS	Man Industries (India)	3.33 kCr	3.56 kCr	+16.80%	+20.40%	18.84	0.93	-	-

Category	RATNAMANI	Industrial
PE	28.28	20.39
PS	3.13	1.50
Growth	9.3 %	5.8 %

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. In last one year, the company has had an above average growth that other Iron & Steel Products companies.

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	2.5%	5,186	5,059	4,474	3,139	2,298	2,583
Other Income	-18.1%	60	73	33	38	43	62
Total Income	2.2%	5,246	5,132	4,507	3,176	2,342	2,645
Cost of Materials	-4.9%	3,269	3,439	3,086	2,325	1,360	1,750
Employee Expense	21.4%	313	258	209	159	142	146
Finance costs	-18.2%	37	45	31	21	23	21
Depreciation and Amortization	10.3%	108	98	83	80	57	59
Other expenses	17.9%	678	575	544	381	285	317
Total Expenses	4.7%	4,508	4,305	3,814	2,746	1,978	2,239
Profit Before exceptional items and Tax	-10.9%	738	828	694	431	363	406
Total profit before tax	-10.9%	738	828	694	431	363	406
Current tax	-3%	193	199	175	107	79	105
Deferred tax	-10.8%	3.73	4.06	6.61	1.66	8.34	-5.76
Total tax	-3.5%	196	203	181	108	87	99
Total profit (loss) for period	-13.3%	542	625	512	323	276	308
Other comp. income net of taxes	-130.1%	-6.11	-2.09	3.34	3.53	2.4	-2.84
Total Comprehensive Income	-14.1%	535	623	516	326	278	305
Earnings Per Share, Basic	-13.5%	77.27	89.18	73.09	46.033333	39.38	43.88
Earnings Per Share, Diluted	-13.5%	77.25	89.18	73.09	46.033333	39.38	43.88

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	3.5%	1,192	1,152	1,715	1,316	971	1,184
Other Income	-10.3%	27	30	9.11	19	20	12
Total Income	3.1%	1,219	1,182	1,724	1,335	991	1,196
Cost of Materials	-27.6%	569	786	926	766	719	857
Employee Expense	3.5%	90	87	88	80	74	72
Finance costs	-43.3%	6.67	11	6.67	7.47	14	9.72
Depreciation and Amortization	0%	32	32	29	27	26	26
Other expenses	-4.1%	163	170	205	177	144	151
Total Expenses	1.3%	1,019	1,006	1,448	1,147	857	1,056
Profit Before exceptional items and Tax	13.1%	199	176	276	188	134	140
Total profit before tax	13.1%	199	176	276	188	134	140
Current tax	-22.4%	39	50	74	50	35	34
Deferred tax	284.4%	4.89	-1.11	-0.85	5.34	-0.88	0.13
Total tax	-12.5%	43	49	73	55	34	34
Total profit (loss) for period	23%	156	127	203	133	99	106
Other comp. income net of taxes	12.8%	-0.5	-0.72	-5.85	-0.06	-0.1	-0.09
Total Comprehensive Income	24%	156	126	197	133	99	106
Earnings Per Share, Basic	3.5%	19.43	18.81	28.99	19	14.17	15.11
Earnings Per Share, Diluted	3.5%	19.43	18.8	28.98	18.99	14.17	15.11

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Revenue From Operations	1.4%	4,876	4,807	4,370	3,139	2,298	2,583
Other Income	82.2%	83	46	31	38	43	62
Total Income	2.2%	4,959	4,853	4,401	3,176	2,342	2,645
Cost of Materials	-7.7%	3,044	3,299	3,026	2,325	1,360	1,750
Employee Expense	18.8%	266	224	194	158	141	145
Finance costs	-19.2%	22	27	23	21	23	21
Depreciation and Amortization	9.6%	92	84	76	80	57	59
Other expenses	15.2%	592	514	523	382	286	318
Total Expenses	3.4%	4,181	4,044	3,707	2,746	1,978	2,239
Profit Before exceptional items and Tax	-4%	778	810	694	431	363	406
Total profit before tax	-4%	778	810	694	431	363	406
Current tax	-3.1%	191	197	173	107	79	105
Deferred tax	156.8%	9.45	4.29	7.16	1.66	8.34	-5.76
Total tax	-0.5%	200	201	180	108	87	99
Total profit (loss) for period	-5.1%	578	609	514	322	276	308
Other comp. income net of taxes	-14.1%	-2.47	-2.04	3.22	3.49	2.43	-2.93
Total Comprehensive Income	-5.1%	576	607	517	326	278	305
Earnings Per Share, Basic	-5.1%	82.46	86.83	73.34	45.993333	39.36	43.873333
Earnings Per Share, Diluted	-5.1%	82.44	86.83	73.34	45.993333	39.36	43.873333

Description	(%) Q/Q	Sep-2025	Jun-2025	Mar-2025	Dec-2024	Sep-2024	Jun-2024
Revenue From Operations	-11.5%	940	1,062	1,575	1,294	898	1,110
Other Income	-2.9%	34	35	38	14	20	12
Total Income	-11.3%	973	1,097	1,613	1,307	917	1,123
Cost of Materials	-30.4%	499	717	848	707	674	816
Employee Expense	1.4%	74	73	74	68	62	61
Finance costs	-51.4%	2.59	4.27	3.94	4.19	9.14	4.93
Depreciation and Amortization	0%	27	27	24	23	22	22
Other expenses	-17.8%	121	147	175	156	127	134
Total Expenses	-8.1%	829	902	1,311	1,107	780	983
Profit Before exceptional items and Tax	-26.3%	144	195	301	200	137	139
Total profit before tax	-26.3%	144	195	301	200	137	139
Current tax	-31.2%	34	49	73	49	35	34
Deferred tax	24.7%	1.91	1.73	4.19	5.5	-0.41	0.17
Total tax	-28.6%	36	50	77	55	34	34
Total profit (loss) for period	-25.7%	108	145	225	146	102	105
Other comp. income net of taxes	0%	-0.81	-0.81	-2.21	-0.09	-0.09	-0.08
Total Comprehensive Income	-25.9%	107	144	223	145	102	105
Earnings Per Share, Basic	-26.6%	15.44	20.68	32.06	20.76	14.62	15.02
Earnings Per Share, Diluted	-26.6%	15.44	20.68	32.05	20.75	14.62	15.02

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-87.5%	29	225	58	207	49	34
Current investments	255.9%	638	180	80	89	157	135
Loans, current	28.8%	0.58	0.41	0.38	0.38	0.28	0.26
Total current financial assets	-1.8%	1,669	1,699	1,080	1,276	1,108	1,213
Inventories	-19%	1,220	1,506	1,648	1,349	1,236	1,259
Current tax assets	72.3%	0.77	0.17	0	0	0	0
Total current assets	-9.1%	3,004	3,303	2,846	2,666	2,429	2,533
Property, plant and equipment	9.2%	1,445	1,323	1,155	1,144	1,092	1,102
Capital work-in-progress	10.6%	210	190	247	167	153	101
Goodwill	-18.2%	19	23	19	19	19	19
Loans, non-current	-8.3%	0.09	0.16	0.07	0.06	0.05	0.05
Total non-current financial assets	1909.1%	222	12	5.81	5.41	9.15	13
Total non-current assets	23.1%	1,973	1,603	1,471	1,354	1,289	1,247
Total assets	1.5%	4,978	4,906	4,317	4,020	3,717	3,780
Borrowings, non-current	46.9%	95	65	35	21	51	57
Total non-current financial liabilities	-19%	95	117	93	111	164	166
Provisions, non-current	71.1%	2.66	1.97	0	0	0	0
Total non-current liabilities	-7.8%	225	244	197	204	248	244
Borrowings, current	72%	130	76	221	121	115	167
Total current financial liabilities	-14.1%	488	568	602	498	416	565
Provisions, current	-41.2%	6.29	10	5.76	5.04	4.88	2.76
Current tax liabilities	70.6%	30	18	0.13	7.32	25	34
Total current liabilities	-17.6%	822	997	797	600	577	861
Total liabilities	-15.6%	1,047	1,241	994	804	825	1,104
Equity share capital	0%	14	14	14	14	14	14
Non controlling interest	118.5%	60	28	30	76	74	72
Total equity	7.3%	3,931	3,665	3,323	3,216	2,892	2,676
Total equity and liabilities	1.5%	4,978	4,906	4,317	4,020	3,717	3,780

Description	(%) Q/Q	Sep-2025	Mar-2025	Sep-2024	Mar-2024	Sep-2023	Mar-2023
Cash and cash equivalents	-92.7%	17	220	57	205	48	33
Current investments	255.9%	638	180	80	88	157	135
Loans, current	5669.6%	45	0.21	11	0.21	0.23	0.19
Total current financial assets	-8.9%	1,568	1,721	1,046	1,228	1,070	1,169
Inventories	-21.1%	979	1,240	1,513	1,275	1,170	1,193
Total current assets	-13%	2,717	3,122	2,668	2,537	2,313	2,413
Property, plant and equipment	10.1%	1,204	1,094	954	954	910	940
Capital work-in-progress	-17.7%	122	148	232	158	148	87
Non-current investments	17.6%	175	149	143	110	108	108
Loans, non-current	35.6%	62	46	19	8.56	0.05	0.05
Total non-current financial assets	130.5%	455	198	165	120	115	117
Total non-current assets	22.5%	1,819	1,485	1,387	1,249	1,189	1,156
Total assets	-1.5%	4,536	4,607	4,055	3,786	3,502	3,570
Borrowings, non-current	-	0	0	0	0	29	45
Total non-current financial liabilities	-109.1%	0	12	14	12	46	65
Total non-current liabilities	-8.7%	106	116	100	89	107	119
Borrowings, current	-	3.66	0	150	45	45	105
Total current financial liabilities	-34.3%	237	360	432	375	312	457
Provisions, current	-51.3%	5	9.21	5.14	5.03	4.88	2.76
Current tax liabilities	68.8%	28	17	0	7.09	25	33
Total current liabilities	-29.1%	555	782	624	476	473	751
Total liabilities	-26.4%	661	898	724	565	580	871
Equity share capital	0%	14	14	14	14	14	14
Total equity	4.5%	3,875	3,709	3,331	3,221	2,922	2,699
Total equity and liabilities	-1.5%	4,536	4,607	4,055	3,786	3,502	3,570

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Change in inventories	22.5%	-69.14	-89.52	-95.67	-575.08	-	-
Depreciation	10.3%	108	98	83	80	-	-
Unrealised forex losses/gains	-67.7%	-9.9	-5.5	-2.46	-1.96	-	-
Adjustments for interest income	-44.9%	28	50	9.68	22	-	-
Net Cashflows from Operations	-2.3%	718	735	460	-161.01	-	-
Income taxes paid (refund)	-18.8%	182	224	150	122	-	-
Net Cashflows From Operating Activities	4.9%	536	511	310	-283	-	-
Proceeds from sales of PPE	633.3%	23	4	4.23	0.8	-	-
Purchase of property, plant and equipment	54.7%	329	213	142	144	-	-
Purchase of other long-term assets	-	0	0	50	0	-	-
Interest received	77.8%	33	19	10	22	-	-
Other inflows (outflows) of cash	-390.8%	-124.05	44	-30.43	539	-	-
Net Cashflows From Investing Activities	-172.2%	-397.12	-145.26	-207.67	418	-	-
Proceeds from borrowings	-	28	0	43	0	-	-
Repayments of borrowings	-54.8%	34	74	72	51	-	-
Payments of lease liabilities	-	3.07	0	0	0	-	-
Dividends paid	-101.2%	0	84	65	65	-	-
Interest paid	185.3%	98	35	22	18	-	-
Income taxes paid (refund)	-	26	0	0	0	-	-
Other inflows (outflows) of cash	-	2.68	0	0	0	-	-
Net Cashflows from Financing Activities	32.4%	-130.18	-192.95	-116.08	-134.54	-	-
Effect of exchange rate on cash eq.	-356%	-4.7	-0.25	-0.18	-0.09	-	-
Net change in cash and cash eq.	-98.1%	4.23	173	-13.47	0.14	-	-

Description	(%) Q/Q	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020
Change in inventories	140.9%	35	-82.08	-80.67	-575.08	-	-
Depreciation	9.6%	92	84	76	80	-	-
Unrealised forex losses/gains	-85.2%	-11.04	-5.5	-2.46	-1.96	-	-
Adjustments for interest income	26.1%	30	24	9.68	22	-	-
Net Cashflows from Operations	-1.5%	701	712	466	-149.75	-	-
Income taxes paid (refund)	-19%	180	222	148	122	-	-
Net Cashflows From Operating Activities	6.6%	521	489	317	-271.74	-	-
Proceeds from sales of PPE	4237.3%	37	1.83	4.18	0.8	-	-
Purchase of property, plant and equipment	43.1%	250	175	129	144	-	-
Purchase of other long-term assets	-	0	0	98	0	-	-
Interest received	83.3%	34	19	10	22	-	-
Other inflows (outflows) of cash	-474.8%	-167.64	46	-30.43	528	-	-
Net Cashflows From Investing Activities	-215.3%	-345.46	-108.89	-243	406	-	-
Proceeds from borrowings	-	0	0	50	0	-	-
Repayments of borrowings	-56.6%	44	100	50	51	-	-
Payments of lease liabilities	-	1.61	0	0	0	-	-
Dividends paid	16.9%	98	84	65	65	-	-
Interest paid	-30.4%	17	24	18	18	-	-
Net Cashflows from Financing Activities	23%	-160.09	-208.29	-83.23	-134.54	-	-
Effect of exchange rate on cash eq.	-68.5%	-1.14	-0.27	-0.18	-0.13	-	-
Net change in cash and cash eq.	-92.4%	14	172	-9.03	-0.04	-	-

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

Important Disclosure & Data Context

This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.

RATNAMANI - Ratnamani Metals & Tubes Ltd Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Ratnamani Metals & Tubes Ltd do?

Important Disclosure & Data Context

RATNAMANI - Ratnamani Metals & Tubes Ltd Share Price

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Growth & Returns

Cash Flow & Liquidity

Balance Sheet

Capital Structure & Leverage

Dividend & Shareholder Returns

Sharesguru Stock Score for RATNAMANI

Investor Care

Financial Health

Technical Indicators

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

What does Ratnamani Metals & Tubes Ltd do?

Important Disclosure & Data Context

Sharesguru Stock Score for RATNAMANI