Ratnamani Metals & Tubes Limited has informed the Exchange about Credit Rating
RATNAMANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed its ratings on Ratnamani Metals & Tubes' bank loan facilities totalling Rs 2,200 crore. The long-term rating is reaffirmed at CRISIL AA with a Positive outlook, and the short-term rating at CRISIL A1+. Revenue grew 3% year-on-year to Rs 5,186 crore in FY25, though profit after tax declined to Rs 542 crore from Rs 625 crore, and EBITDA margins fell to 15.8% from 18.2% due to a shift in product mix toward lower-margin water applications. The company has a healthy order book of around Rs 2,000 crore and plans a capex of Rs 1,600 crore for capacity expansion at its plants and subsidiaries. Financial risk profile remains strong with very low gearing (debt/EBITDA of 0.17 times) and strong interest coverage of 23.6 times.
The reaffirmed AA/Positive rating with strong liquidity and low debt signals financial stability and continued access to cheap funding, which is positive for shareholders. However, the drop in margins and profits may temper near-term sentiment despite the long-term growth outlook.