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Ratnamani Metals & Tubes Limited share price

Ratnamani Metals & Tubes Limited engages in the manufacturing of stainless-steel pipes, tubes, and carbon steel pipes in India and internationally. The company offers stainless steel products, such as heat exchanger tubes, instrumentation seamless tubes, and stainless-steel pipes; nickel alloy seamless heat exchanger tubes; titanium welded tubes; carbon steel products, including ERW pipes and SAW pipes; pipe coating solutions; and spools, induction bends, fittings, hangers, and engineered support systems. It also provides boiler tubes, heat exchanger tubes, instrumentation tubes, coiled tubing, integral low finned tubes, hollow bars, and diameter electric fusion welded SS pipes, as well as …Read more
Capital GoodsSteelNifty Microcap 250NSE: RATNAMANIISIN INE703B01027
16 Oct 2026, 3:29 PM IST₹2,523.90▼ 41.20 (1.61%)
  • Market Cap₹ 17,691 Cr.
  • Current Price₹ 2,523.90
  • High / Low₹ 3,345 / 1,937
  • Stock P/E40.9
  • Book Value₹ 586
  • Dividend Yield0.39 %
  • ROCE16.0 %
  • ROE12.50 %
  • Face Value₹ 2.0
More figures (10)
  • EPS (TTM)₹ 61.71
  • Price / Book4.30
  • OPM14.4 %
  • Debt / Equity0.08
  • Sales growth (5Y)14.4 %
  • Profit growth (5Y)14.1 %
  • Promoter holding65.5 %
  • EV / EBITDA22.4
  • Beta0.36
  • All-time high₹ 3,979

Price chart

Returns1M3M6MYTD1Y3Y CAGR5Y CAGR
RATNAMANI-6.35%-3.58%+7.45%+6.02%+9.05%-1.15%+11.26%
Nifty 50-0.31%-3.85%-4.34%-11.42%-9.53%+5.46%+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

  • Ratnamani Metals & Tubes Limited is in the Steel industry (Basic Materials), with a market value of ₹17,691 crore.
  • It trades at 40.9 times its last 12 months' earnings and 4.3 times book value.
  • Revenue grew 14.4% a year over the last 5 years, profit 14.1% a year.
  • Return on equity was 12.5% and return on capital employed 16.0% in the latest year.
  • Debt was 0.08 times shareholders' equity.
  • The share price is 24.6% below its 52-week high and up 9.1% over one year.
  • Promoters and insiders hold about 65.5%; institutions about 25.6%.

Pros

  • Company is almost debt-free (debt is 0.08 times equity).
  • Healthy return on equity of 16.8% on average over the last 3 years.

Cons

  • Latest quarter (Jun 2026): profit fell 16% from a year ago.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Ratnamani Metals & Tubes Limited

Ratnamani Metals & Tubes Limited engages in the manufacturing of stainless-steel pipes, tubes, and carbon steel pipes in India and internationally. The company offers stainless steel products, such as heat exchanger tubes, instrumentation seamless tubes, and stainless-steel pipes; nickel alloy seamless heat exchanger tubes; titanium welded tubes; carbon steel products, including ERW pipes and SAW pipes; pipe coating solutions; and spools, induction bends, fittings, hangers, and engineered support systems. It also provides boiler tubes, heat exchanger tubes, instrumentation tubes, coiled tubing, integral low finned tubes, hollow bars, and diameter electric fusion welded SS pipes, as well as carbon steel line and submerged arc welded pipes. In addition, the company is involved in the sale of power generated from windmills. It serves oil and gas, city gas distribution, slurry lines, water …

Employees
3,324
Head office
Ahmedabad
NSE industry
Capital Goods

Peer comparison

Basic MaterialsCapital GoodsSteel

Part ofNifty Microcap 250

S.No.CompanyCMP ₹P/EMar Cap ₹ CrDiv Yld %NP Qtr ₹ CrQtr Profit Var %Sales Qtr ₹ CrQtr Sales Var %ROCE %
1.Ratnamani Metals & Tubes2,523.9040.917,6910.39107-15.82972-15.6316.0
2.JSW Steel1,216.3012.12,96,8960.594,696112.5847,3649.7718.7
3.Tata Steel175.5019.82,18,9242.272,31811.5860,41214.5411.3
4.Jindal Steel1,045.2039.11,06,3480.19845—15,55316.997.5
5.Lloyds Metals and Energy1,851.7021.31,04,2080.061,734170.257,354208.5519.4
6.Steel Authority of India170.9516.570,6111.381,644120.8026,2461.257.2
7.Welspun Corp2,571.5029.467,8110.201,04649.864,0813.9819.5
8.NMDC71.698.463,0292.821,9760.446,7950.8428.4
9.Jindal Stainless736.5518.760,6880.557697.7311,27910.5017.8
10.APL Apollo Tubes2,152.7048.159,7720.4026310.945,6078.4528.0
Median: 53 Co.1,130.7526.94,8260.061,34511.589,3169.1118.3

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ CrJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
1,1751,1311,2571,4961,1849711,3161,7151,1521,1921,0661,085972
9698861,0571,2501,0208181,1121,413963980861931809
Operating Profit206245200246164154204302188211205154162
OPM %18%22%16%16%14%16%15%18%16%18%19%14%17%
911153912201993027313418
Interest10111312101477117766
Depreciation24242525262627293232333536
Profit before tax181221178248140134188276176199177154137
25%26%25%22%25%26%29%26%28%22%24%25%22%
13516413319310699133203127156135116107
EPS in Rs19.2423.4518.9427.5515.1114.1719.0028.9918.8119.4315.6714.9411.72
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ CrMar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
1,7902,5832,2983,1394,4745,0595,1864,4944,314
1,5242,1591,8982,6443,6994,1624,3633,7363,582
Operating Profit266424400495775897824758732
OPM %15%16%17%16%17%18%16%17%17%
32624338337360122109
Interest102123213145373127
Depreciation615957808398108132136
Profit before tax228406363431694828738706668
33%24%24%25%26%24%27%24%23%
152308276323512625542534514
EPS in Rs21.6543.8839.3846.0373.0989.1877.2768.8561.76
Dividend Payout %13%14%18%20%

Compounded Sales Growth

5 Years:
14%
3 Years:
0%
TTM:
-16%

Compounded Profit Growth

5 Years:
14%
3 Years:
1%
TTM:
-9%

Stock Price CAGR

5 Years:
11%
3 Years:
-1%
1 Year:
9%

Return on Equity

4 Years:
17%
Last Year:
13%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
Equity Capital14141414
Reserves2,5903,1273,6234,097
237153157318
9397261,112959
Total Liabilities3,7804,0204,9065,388
1,2101,3251,5581,944
CWIP108180235354
2,4622,5153,1133,090
Total Assets3,7804,0204,9065,388

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ CrMar 2023Mar 2024Mar 2025Mar 2026
310511536936
-208-145-397-1,148
-116-193-13059
Net Cash Flow-131739-152
Free Cash Flow169298207451

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

RatioMar 2018Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROE0.0%0.0%0.0%15.2%21.0%21.6%16.1%12.5%
Operating margin14.9%16.4%17.4%15.8%17.3%17.7%15.9%16.9%
Net margin8.5%11.9%12.0%10.3%11.4%12.4%10.4%11.9%
Interest coverage24.1120.3916.8721.1823.2319.3420.7223.54
Tax rate33.4%24.3%24.1%25.1%26.1%24.5%26.6%24.3%
Book value / share₹187₹244₹284₹321₹371₹448₹519₹586

Balance-sheet ratios

RatioMar 2023Mar 2024Mar 2025Mar 2026
ROCE24.5%25.5%19.5%16.0%
Debt / equity0.090.050.040.08
Current ratio2.944.443.313.92
Debtor days83689084
Inventory days150143157165
Days payable45384044
Cash conversion cycle188173207205
Working capital days137150164210

ROE = profit for shareholders ÷ average net worth (paid-up capital + reserves, from each year's March results filed with NSE). Interest coverage = (profit before tax + interest) ÷ interest. ROCE = EBIT ÷ (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; working capital days = (current assets − current liabilities) ÷ sales × 365. Balance-sheet ratios are shown for the years whose full balance sheet is available (Yahoo Finance and NSE filings from FY2025).

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

  • Promoters 59.77%
  • FIIs 10.94%
  • DIIs 18.93%
  • Government 0.02%
  • Public 10.33%
%Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters59.77%59.77%59.77%59.77%59.77%59.77%59.77%59.77%59.77%59.77%59.77%59.77%
12.77%12.87%12.61%12.71%11.55%11.62%11.28%11.15%11.11%10.60%10.72%10.94%
16.29%16.13%16.58%16.76%18.74%18.80%19.19%18.79%18.92%19.45%19.13%18.93%
Government0.01%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%
11.17%11.22%11.02%10.75%9.92%9.78%9.74%10.27%10.19%10.15%10.37%10.33%
No. of Shareholders34,25339,19039,50338,49333,80233,43032,42240,48639,51638,60136,57337,327

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Ratnamani Metals & Tubes

Holder (above 1%)Stake
Kotak Midcap FundMutual fund · see the fund house4.78%
Icici Prudential Multi-Asset FundMutual fund4.59%
SBI SMALL CAP FUNDMutual fund3.04%
HSBC Small Cap FundMutual fund2.31%
Mirae Asset Nifty Total Market Index FundMutual fund1.07%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 18.75% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Results announced
13 Nov 2026
Ex-dividend date
11 Aug 2026
Latest quarter
30 Jun 2026
Financial year end
31 Mar 2026

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Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.

Latest news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Ratnamani Metals & Tubes Limited

What is the share price of Ratnamani Metals & Tubes Limited today?
Ratnamani Metals & Tubes Limited (RATNAMANI) last traded at ₹2,523.90 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.
What is the market cap of Ratnamani Metals & Tubes Limited?
About ₹17,691 crore at the latest price.
What is the P/E ratio of Ratnamani Metals & Tubes Limited?
About 40.9 times its earnings over the last 12 months.
Is Ratnamani Metals & Tubes Limited a good investment?
We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.
How can I buy Ratnamani Metals & Tubes Limited shares?
You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.
Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).
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