RATNAMANI

Ratnamani Metals & Tubes Ltd.

NSE: RATNAMANI

BSE: 520111

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Iron & Steel Products

2,553.70+37.7 (+1.50%)

14 Oct, 2:30 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

81.8 / 100

Value Score

46.3 / 100

Price Momentum Score

64.7 / 100

QVM Score

78.4 / 100

Key Metrics

Market Cap

17607.10

P/E (TTM)

36.49

P/B

4.24

P/S (TTM)

3.92

EV/EBITDA

22.33

CAPE (5Y)

35.47

ROE (TTM)

12.34

ROCE (TTM)

14.97

ROA (TTM)

9.38

Avg 3Y ROE

16.67

Earnings 3Y CAGR

-1.88

Sales 3Y CAGR

0.15

Sales 5Y CAGR

14.35

Debt/Equity

0.08

Consensus TP

2749.00

Strong Buy %

50.00

Promoter Holding

59.77

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Ratnamani Metals & Tubes Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.08 as on 30 Jun 2026 and Debt to Equity increased marginally by 0.04 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 71.3 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

71.3 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 36.49 indicates that the stock is expensive on a standalone basis and is at a 95.55% premium to industry median P/E

What is P/E Ratio?

Median: 18.66

Value 36.49

-165.1518460.3

Analysts have been downgrading forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has decreased by -12.57% in the last 3 months, indicating weak earnings momentum

What is Earnings upgrade (3M)?

Moderate ROE but declining trend

The company reported moderate ROE of 12.34% for 12-month ended 30 Jun 2026 but ROE declined by -364 bps from 1 year ago

What is ROE (FY)?

Low revenue growth and lower than median growth of industry

The company delivered moderate revenue growth of -13.35% for 12-month ended 30 Jun 2026 and the growth was 22.85 percentage points lower than median growth of industry

What is Sales growth (1Y)?

Median: 9.5

Value -13.35

-99.993710

Low EPS growth and lower than median growth of industry

The company delivered moderate EPS growth of -11.32% for 12-month ended 30 Jun 2026 and the growth was 25.64 percentage points lower than median growth of industry

What is EPS growth (1Y)?

Low dividend yield

The company has a low dividend yield of 0.56%

What is Dividend yield?

Neutral

Moderate and stable operating margin

The company reported moderate operating margin of 14.03% for 12-month ended 30 Jun 2026 and operating margin declined marginally by -21 bps from 1 year ago

What is Operating profit margin?

Financial Snapshot

See detailed analysis

Multi-year trends for Ratnamani Metals & Tubes Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Ratnamani Metals & Tubes Ltd. Shareholding Pattern

Quarterly breakdown of Ratnamani Metals & Tubes Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.10	60.10	60.06	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77
Indian Promoter	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.16	60.10	60.10	60.06	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77	59.77
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	21.93	23.46	23.73	24.47	25.47	25.98	27.19	28.03	28.39	28.64	28.76	28.83	29.16	29.24	29.34	29.06	29.00	29.20	29.48	30.31	30.44	30.49	29.96	30.05	30.07	29.87
Mutual Funds / UTI	11.84	13.42	14.08	14.35	14.19	14.01	14.78	15.53	15.97	16.23	16.09	16.22	16.29	16.30	16.30	15.96	15.75	16.14	16.39	18.63	18.71	19.09	18.68	18.82	19.35	19.10
FI/Bank/Insurance	0.37	0.37	0.00	0.00	0.00	0.00	0.32	0.32	0.12	0.06	0.09	0.06	0.06	0.10	0.11	0.20	0.23	0.27	0.20	0.11	0.09	0.09	0.10	0.09	0.09	0.02
Govt	-	-	-	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
FII	9.72	9.68	9.64	10.09	11.21	11.92	11.92	12.01	12.13	12.28	12.51	12.51	12.77	12.79	12.87	12.77	12.86	12.61	12.70	11.56	11.62	11.28	11.15	11.11	10.60	10.72
Other Institutions	0.00	0.00	0.02	0.03	0.07	0.06	0.17	0.17	0.17	0.07	0.07	0.06	0.04	0.05	0.06	0.12	0.16	0.17	0.16	0.00	0.00	0.00	0.01	0.01	0.01	0.01
Non-Institution	17.91	16.38	16.11	15.36	14.36	13.85	12.65	11.81	11.45	11.20	11.14	11.05	10.77	10.99	10.88	11.17	11.22	11.02	10.75	9.92	9.78	9.74	10.27	10.19	10.15	10.37
Bodies Corporate	1.64	1.03	0.99	0.99	0.85	0.91	0.83	0.81	0.74	0.75	0.75	0.75	0.69	0.71	0.65	0.88	0.74	0.70	0.66	0.58	0.58	0.56	0.61	0.64	0.69	0.65
Others (incl. Retail) No. of shareholders	16.27 11,304	15.35 12,448	15.12 12,573	14.37 12,732	13.51 11,881	12.94 16,416	11.82 16,033	11.00 16,009	10.71 16,523	10.45 18,422	10.39 19,937	10.30 19,835	10.08 27,059	10.28 26,179	10.23 28,398	10.29 33,734	10.48 38,634	10.32 38,917	10.09 37,882	9.34 33,436	9.20 33,084	9.18 32,082	9.66 39,955	9.55 38,996	9.46 38,097	9.72 36,056

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Iron & Steel Products	5.73%	5 / 20
2	Nifty Microcap 250	0.81%	19 / 250
3	Nifty Total Market	0.04%	379 / 746

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Ratnamani Metals & Tubes Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
Prakash M. Sanghvi jointly with Rashmidevi P. Sanghvi Promoter	June-2025	Inter-se Transfer (Acquisition) 26th Jun 2025	0.00 %	₹ 0.00	75.00 k	₹ 0.00
Jayanti M. Sanghvi jointly with Shobhnadevi J. Sanghvi and Prakash M. Sanghvi Promoter	June-2025	Inter-se Transfer (Acquisition) 26th Jun 2025	0.00 %	₹ 0.00	50.00 k	₹ 0.00
Shantilal M. Sanghvi jointly with Shashi S. Sanghvi and Prakash M. Sanghvi Promoter	June-2025	Inter-se Transfer (Acquisition) 26th Jun 2025	0.00 %	₹ 0.00	41.50 k	₹ 0.00
Babulal M. Sanghvi jointly with Shantaben B. Sanghvi and Prakash M. Sanghvi Promoter	June-2025	Inter-se Transfer (Disposal) 26th Jun 2025	0.38 %	₹ 0.00	1.67 lac	₹ 0.00
Dimple Manoj Sanghvi Jointly with Manoj Prakash Sanghvi and Jayanti M. Sanghvi Promoter	December-2024	Inter-se Transfer (Disposal) 9th Dec 2024	0.45 %	₹ 0.00	3.19 lac	₹ 0.00
Jayanti M. Sanghvi Jointly with Shobhnadevi J. Sanghvi and Prakash M. Sanghvi Promoter	December-2024	Inter-se Transfer (Disposal) 9th Dec 2024	7.02 %	₹ 0.00	49.20 lac	₹ 0.00
Jigar Prakash Sanghvi Jointly with Prakash Mishrimal Sanghvi and Jayanti M. Sanghvi Promoter	December-2024	Inter-se Transfer (Disposal) 9th Dec 2024	1.62 %	₹ 0.00	11.34 lac	₹ 0.00
Jitendra Babulal Sanghvi Jointly with Babulal M. Sanghvi and Prakash M. Sanghvi Promoter	December-2024	Inter-se Transfer (Disposal) 9th Dec 2024	0.77 %	₹ 0.00	5.37 lac	₹ 0.00
M. N. Sanghvi Family Trust Promoter Group	December-2024	Inter-se Transfer (Acquisition) 9th Dec 2024	0.00 %	₹ 0.00	3.66 cr	₹ 0.00
Mahendra C. Sanghvi Jointly with Usha M. Sanghvi and Prakash M. Sanghvi Promoter	December-2024	Inter-se Transfer (Disposal) 9th Dec 2024	0.61 %	₹ 0.00	4.25 lac	₹ 0.00

…

Corporate Actions

History of Ratnamani Metals & Tubes Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 10/share
Record date: 11th Aug 2026Ex-date: 11th Aug 2026
Announced on: 15th May 2026
Dividend₹ 14/share
Record date: 2nd Sep 2025Ex-date: 2nd Sep 2025
Announced on: 16th May 2025
Dividend₹ 14/share
Record date: 20th Aug 2024Ex-date: 20th Aug 2024
Announced on: 16th May 2024
Dividend₹ 12/share
Record date: 27th Jul 2023Ex-date: 27th Jul 2023
Announced on: 10th May 2023
Dividend₹ 9.33/share
Record date: 2nd Aug 2022Ex-date: 1st Aug 2022
Announced on: 18th May 2022

Company Profile

Overview of Ratnamani Metals & Tubes Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

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 welde...

Key personnel

Shri. Vimal Katta

Chief Financial Officer, Executive Director - Finance

Shri. Anil C. Maloo

Company Secretary, Legal Head and Compliance Officer

Shri. Prakash M. SanghviD

Executive Chairman of the Board, Managing Director

Shri. Manoj P. SanghviD

Chief Executive Officer, Whole Time Director

Shri. Jayanti M. SanghviD

Joint Managing Director, Whole-Time Director

Shri. Prashant J. SanghviD

Whole-Time Director

Shri. Shanti Mishrimal SanghviD

Whole-Time Director

Smt. Sangeetha ChhajedD

Independent Non-Executive Director

View all

Incorporated on

15 Sep 1983

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

3,319

IPO date

09 Mar 1993

Free Float

2,15,15,151

Website

https://www.ratnamani.com/

Phone no.

+917929601200

Address

"The First" A&B Wing, 9th Floor,, Behind Keshav Baug Party Plot,, The First Avenue Road, Off 132 Feet Ring Road, Vastrapur, AHMEDABAD, 380015, India

Frequently Asked Questions

What is the current share price of Ratnamani Metals & Tubes Ltd.?

The current share price of Ratnamani Metals & Tubes Ltd. is ₹ 2,553.70 as of 14 Oct 2026.

What is the market capitalisation of Ratnamani Metals & Tubes Ltd.?

The market capitalisation of Ratnamani Metals & Tubes Ltd. stands at ₹ 17,607.10 Cr.

What is the PE ratio of Ratnamani Metals & Tubes Ltd.?

The Price-to-Earnings (PE) ratio of Ratnamani Metals & Tubes Ltd. is 36.49 as of the latest trailing twelve months data.

What is the ROE and ROCE of Ratnamani Metals & Tubes Ltd.?

Ratnamani Metals & Tubes Ltd. has a Return on Equity (ROE) of 12.34% and a Return on Capital Employed (ROCE) of 14.97% as per the latest financial reports.

What is the 52-week high and low of Ratnamani Metals & Tubes Ltd.?

The 52-week high of Ratnamani Metals & Tubes Ltd. is - and the 52-week low is -.

What is the dividend yield of Ratnamani Metals & Tubes Ltd.?

The dividend yield of Ratnamani Metals & Tubes Ltd. is 0.56% based on the current market price.

What is the FII and DII holding in Ratnamani Metals & Tubes Ltd.?

Foreign Institutional Investors (FII) hold 10.72%, Domestic Institutional Investors (DII) hold 19.12% and retail/public investors hold 9.72% of Ratnamani Metals & Tubes Ltd. shares.

What sector does Ratnamani Metals & Tubes Ltd. belong to?

Ratnamani Metals & Tubes Ltd. operates in the Capital Goods sector. 83.33% of analysts have a Buy or Strong Buy rating on Ratnamani Metals & Tubes Ltd. with a consensus target price of ₹ 2,749.00, implying 9.43% upside from current levels.

What is the beta of Ratnamani Metals & Tubes Ltd.?

The beta of Ratnamani Metals & Tubes Ltd. is 0.67, indicating its price volatility relative to the broader market. Over the past 1 year, Ratnamani Metals & Tubes Ltd. has delivered an absolute return of 5.69%.

What is the RSI of Ratnamani Metals & Tubes Ltd.?

The 14-day Relative Strength Index (RSI) of Ratnamani Metals & Tubes Ltd. is 40.39, placing it in the neutral zone. An RSI above 70 is considered overbought and below 30 is considered oversold.

Ratnamani Metals & Tubes Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Ratnamani Metals & Tubes Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Company Profile

Holdings and Presence