Ratnamani Metals & Tubes Ltd
- P/E
- 36.8x
- 52-week range
- 1,936.5 – 3,345
- ROE
- 13%
- ROCE
- 18%
- Sector
- Industrial Products
- Industry
- Iron & Steel Products
- Listed on
- NSE, BSE
About
Ratnamani Metals and Tubes Limited is an India-based holding company. The Company is engaged in the manufacturing of iron and steel tubes, tube fittings and pipes, including stainless steel seamless and welded tubes and pipes, nickel alloy seamless tubes, carbon steel welded pipes, alloy steel welded pipes, titanium welded tubes, and induction bend. Its segments include Steel Tubes and Pipes, Bearing Rings, and Pipe Spools and Auxiliary Support Systems. The Company provides critical tubing and piping solutions to a diverse range of industries and niche markets in core sectors, such as oil and gas, refinery and petrochemical, dairy, chemical and fertilizer, thermal, solar and nuclear power, liquefied natural gas (LNG), desalination, defense, aerospace, chillers and cooling system, pulp and paper industry, automobile, and others. The Company's manufacturing facilities are located at Kutch, Indrad and Chhatral in the state of Gujarat, India.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Iron & Steel Products: 148 companies →Ratnamani Metals & Tubes Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)36.8 against a typical 18.9: pricier than most peers (1st = cheapest).114th of 146
- Sales growth−15.6% against a typical +13.1% from a year earlier.98th of 117
- Profit growth−15.7% against a typical +26.2% from a year earlier.78th of 105
- Share price, 3 months−3.5% against a typical −3.8%.67th of 135
Latest announcements
Exchange filings and their impact on the company.
- Ratnamani's Rs 50 crore guarantee for its subsidiary has been released, marginally lowering contingent risk.
Ratnamani Metals & Tubes said YES Bank has discharged its corporate guarantee of up to Rs 50 crore given in August 2024 for credit facilities to its subsidiary Ratnamani Finow Spooling Solutions Private Limited. The company received confirmation on October 12, 2026. The release removes a small contingent liability and has no impact on sales or profits.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA+ | Stable | 9 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Sep 2026 | ▲ Upgrade | Crisil AA+ | — | CRISIL | ₹ 299 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 6 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 7 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 15 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 6 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 7 Nov 2025 | Financial Results | To consider and approve the unaudited financial results for the period ended September 30, 2025 |
| 1 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 16 May 2025 | Financial Results/Dividend/Fund Raising/Other business matters | To consider and approve the financial results for the period ended March 31, 2025, dividend, Fund Raising and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,131 | 1,257 | 1,496 | 1,184 | 971 | 1,316 | 1,715 | 1,152 | 1,192 | 1,066 | 1,085 | 972 |
| Expenses | 886 | 1,057 | 1,250 | 1,020 | 818 | 1,112 | 1,413 | 963 | 980 | 861 | 931 | 809 |
| Operating Profit | 245 | 200 | 246 | 164 | 154 | 204 | 302 | 188 | 211 | 205 | 154 | 162 |
| OPM % | 22% | 16% | 16% | 14% | 16% | 15% | 18% | 16% | 18% | 19% | 14% | 17% |
| Other Income | 11 | 15 | 39 | 12 | 20 | 19 | 9 | 30 | 27 | 13 | 41 | 18 |
| Interest | 11 | 13 | 12 | 10 | 14 | 7 | 7 | 11 | 7 | 7 | 6 | 6 |
| Depreciation | 24 | 25 | 25 | 26 | 26 | 27 | 29 | 32 | 32 | 33 | 35 | 36 |
| Profit before tax | 221 | 178 | 248 | 140 | 134 | 188 | 276 | 176 | 199 | 177 | 154 | 137 |
| Tax % | 26% | 25% | 22% | 25% | 26% | 29% | 26% | 28% | 22% | 24% | 25% | 22% |
| Net Profit | 164 | 133 | 193 | 106 | 99 | 133 | 203 | 127 | 156 | 135 | 116 | 107 |
| EPS in Rs | 23.38 | 18.96 | 27.42 | 15 | 14.32 | 18.73 | 29.55 | 18.81 | 19.43 | 15.67 | 14.93 | 11.72 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 14%
- 3 Years
- 0%
- TTM
- −16%
- 10 Years
- 11%
- 5 Years
- 12%
- 3 Years
- −1%
- TTM
- −23%
- 10 Years
- 20%
- 5 Years
- 11%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 17%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Ratnamani Metals & Tubes Ltd | ₹ 2,305.00 | — | 36.8x | — | 13% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 50x | 8.2x | 0% | 0% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 72.3x | 5.3x | 0% | 0% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 20.2x | 1.6x | 0% | 0% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 37.4x | 6.4x | 0% | 0% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 59.3x | 6.1x | 0% | 0% |
Management
- Prakash M. Sanghvi
- Executive Chairman of the Board, Managing Director
- Manoj P. Sanghvi
- Chief Executive Officer, Whole Time Director
- Vimal Katta
- Chief Financial Officer, Executive Director - Finance
- Anil C. Maloo
- Company Secretary, Legal Head and Compliance Officer
- Jayanti M. Sanghvi
- Joint Managing Director, Whole-Time Director
- Prashant J. Sanghvi
- Whole-Time Director
- Shanti Mishrimal Sanghvi
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.