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Capital Goods | Small Cap
Health Score : 7.73Ratnamani Metals & Tubes Ltd. presents a picture of robust financial health, marked by exceptional profitability and extremely low debt. The company is very effective at turning revenue into profit and generates strong returns for its investors. Its financial foundation is solid, as it relies almost entirely on its own funds rather than borrowing, which significantly lowers its risk. However, there are notable concerns in its daily operations. The company is slow to sell its inventory and collect payments from customers, which can tie up cash. Furthermore, while past growth has been strong, projections indicate a potential slowdown in sales. The company is investing heavily in new assets, which could be a move to secure future growth, but this contrasts with the current trend of slowing revenue.
Health Score : 7.73Ratnamani Metals & Tubes Ltd. presents a picture of robust financial health, marked by exceptional profitability and extremely low debt. The company is very effective at turning revenue into profit and generates strong returns for its investors. Its financial foundation is solid, as it relies almost entirely on its own funds rather than borrowing, which significantly lowers its risk. However, there are notable concerns in its daily operations. The company is slow to sell its inventory and collect payments from customers, which can tie up cash. Furthermore, while past growth has been strong, projections indicate a potential slowdown in sales. The company is investing heavily in new assets, which could be a move to secure future growth, but this contrasts with the current trend of slowing revenue.
Overall Valuation Score
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Last Traded Time
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Price Movement Indicator
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P/E RATIO (TTM)
42.08
Industry Median
16.82
Small Cap Median
16.10
P/E RATIO
37.84
P/B RATIO
4.45
Industry Median
1.87
Small Cap Median
1.71
P/S RATIO
4.02
Industry Median
1.29
Small Cap Median
1.28
Others
PEG RATIO
0.00
EV/EBITDA RATIO
20.92
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹2605.1 as on Sep 1, 2026.
Growth Score : 5.70The company's growth profile presents a mixed and somewhat concerning picture. While it has demonstrated strong growth in profits and is actively expanding its asset base, the foundational growth in revenue and earnings per share is lagging and even projected to decline. This disconnect suggests that past profitability may have been driven by factors other than sustainable sales growth. The future outlook is uncertain, as continued asset expansion without a corresponding rise in revenue could pressure future returns.
Revenue Growth RatePoor
Operating Profit Growth RateGoodEarnings Per Share (EPS) GrowthPoor
Asset Growth RateExcellentNet Income Growth RateExcellent| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 36.6 | 42.53 | 13.08 | 2.51 | -13.34 |
| Operating Profit Growth Rate | 23.75 | 56.77 | 15.59 | -8.14 | -8.01 |
| Earnings Per Share (EPS) Growth | 16.92 | 58.22 | 22 | -12.65 | -11.29 |
| Asset Growth Rate | 13.18 | 27.62 | 6.35 | 21.97 | 9.89 |
| Net Income Growth Rate | 17.03 | 58.51 | 22.07 | -13.28 | -1.48 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
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Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Sarda Energy & Minerals Ltd | 8.89 | 15.84 | Neutral | 1787.00 | 26.92 | 1109.00 |
| 2 | Gallantt Ispat Ltd. | 8.72 | 27.54 | Highly Overvalued | 716.00 | 20.07 | 484.00 |
| 3 | Indian Metals & Ferro Alloys Ltd | 8.49 | 16.55 | Overvalued | 587.00 | 78.65 | 425.00 |
| 4 | Shyam Metalics & Energy Ltd | 8.43 | 28.12 | Neutral | 2333.00 | 19.81 | 1060.00 |
| 5 | Maharashtra Seamless Ltd | 8.17 | 12.41 | Neutral | 668.00 | 53.59 | 701.00 |
| 6 | Ratnamani Metals & Tubes Ltd | 7.73 | 37.84 | Neutral | 758.00 | 61.91 | 534.00 |
| 7 | Godawari Power & Ispat Ltd | 5.99 | 20.40 | Neutral | 1253.00 | 13.66 | 802.00 |
| 8 | Jindal Saw Ltd | 5.93 | 8.35 | Highly Undervalued | 2229.00 | 12.26 | 925.00 |
| 9 | NMDC Steel Ltd | 5.02 | 228.05 | Neutral | 1518.00 | 0.20 | 59.00 |
| 10 | KIOCL Ltd | 4.67 | -103.32 | Neutral | -29.00 | 0.27 | 17.00 |
| 11 | Jayaswal Neco Industries Ltd | 4.63 | -65.90 | Neutral | 230.00 | 4.77 | -94.00 |
| 12 | KIRLFER | N/A | N/A | N/A | N/A | N/A | N/A |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤10th Nov 25
Q2 FY26 Earnings Conference Call
NEUTRAL SENTIMENT
No Stock News Available at This Moment.
Ratnamani Metals & Tubes Ltd. is a leading Indian manufacturer of high-quality stainless steel and carbon steel pipes, tubes, and fittings. Serving critical industries like oil & gas, power, and chemicals, the company is recognized for its comprehensive product range, advanced manufacturing capabilities, and strong market presence domestically and internationally.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Ratnamani Metals & Tubes Ltd's P/E ratio (TTM) is 42.08, compared to the industry median of 16.82 and large cap median of 16.10.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Ratnamani Metals & Tubes Ltd's P/B ratio is 4.45, compared to the industry median of 1.87 and large cap median of 1.71.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Ratnamani Metals & Tubes Ltd's P/S ratio is 4.02, compared to the industry median of 1.29 and large cap median of 1.28.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Ratnamani Metals & Tubes Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Ratnamani Metals & Tubes Ltd's EV/EBITDA ratio is 20.92.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Ratnamani Metals & Tubes Ltd's ROE is 12.99%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Ratnamani Metals & Tubes Ltd's ROA is 14.07%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Ratnamani Metals & Tubes Ltd's ROCE is 18%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Ratnamani Metals & Tubes Ltd's operating margin is 16.87%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Ratnamani Metals & Tubes Ltd's net margin is 11.88%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Ratnamani Metals & Tubes Ltd's current ratio is 2.57.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Ratnamani Metals & Tubes Ltd's debt-to-equity ratio is 0.04.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Ratnamani Metals & Tubes Ltd's interest coverage ratio is 23.77.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Ratnamani Metals & Tubes Ltd's DPS is ₹10.33.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Ratnamani Metals & Tubes Ltd's EPS is -11.29.
(Source line: "Ratios as of 10 Oct 2026, based on last traded price of ₹2605.10. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1983
Headquarters: Ahmedabad, Gujarat
Core Offerings: Stainless Steel Tubes & Pipes, Carbon Steel Welded Pipes, Carbon Steel Seamless Pipes, Industrial Fittings
Stock Listing: NSE (RATNAMANI), BSE (520111)
Promoter: Chhaganlal M. Sanghvi & Family
Ratnamani Metals & Tubes Ltd. was incorporated in 1983. The company has steadily expanded its manufacturing capabilities and product portfolio, becoming a key player in the Indian and global markets for steel tubes and pipes. It has consistently invested in advanced technology and diversified its product applications across various industrial sectors.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Manufacturing of Tubes & Pipes | 100% | Company-wide EBITDA |
Stainless Steel Products: Manufactures a comprehensive range of stainless steel seamless and welded pipes, tubes, and fittings, serving sectors like petrochemicals, pharmaceuticals, food processing, and defense.
Carbon Steel Products: Produces large diameter carbon steel welded pipes (Longitudinal Submerged Arc Welded - LSAW and Helical Submerged Arc Welded - HSAW) primarily for oil, gas, and water transportation pipelines, as well as general engineering applications.
Specialty Applications: Focuses on high-end applications requiring specific material grades and customized tubular solutions for critical infrastructure projects and industrial components.
Mr. Prakash M. Sanghvi - Chairman & Managing Director. A highly experienced professional with a deep understanding of the metal industry, instrumental in shaping Ratnamani's growth trajectory and market leadership.
No major subsidiaries reported.
Stock Split (1:2) in February 2021.
The Ratnamani Metals & Tubes Ltd share price today is ₹2605.10 on NSE (RATNAMANI), as of 11 Oct 2026.
As of 10 Oct 2026, Ratnamani Metals & Tubes Ltd share price is ₹2605.10, with previous close ₹2605.10. Today's range is ₹2605.10 to ₹2605.10. The 52-week range is ₹1936.50 to ₹3345.
As of today, Ratnamani Metals & Tubes Ltd's market cap is ₹18,079.39 crore (Mid Cap).
Ratnamani Metals & Tubes Ltd's current P/E ratio is 42.08, compared to the METALS & MINING sector average of N/A.
Ratnamani Metals & Tubes Ltd's current P/B ratio is 4.45.
Ratnamani Metals & Tubes Ltd's current dividend yield is 0.40%. Last dividend of ₹7.00 per share was declared on 14-Feb-2024.
Ratnamani Metals & Tubes Ltd's EPS (TTM) is ₹-11.29.
Ratnamani Metals & Tubes Ltd. is a leading Indian manufacturer of high-quality stainless steel and carbon steel pipes, tubes, and fittings. Serving critical industries like oil & gas, power, and chemicals, the company is recognized for its comprehensive product range, advanced manufacturing capabilities, and strong market presence domestically and internationally.
Ratnamani Metals & Tubes Ltd is promoted by Chhaganlal M. Sanghvi & Family, holding 59.77% as of 10 Oct 2026.
Ratnamani Metals & Tubes Ltd is listed on NSE (RATNAMANI) and BSE (520111). Its next quarterly results are expected on August 2024.