Ratnamani Metals & Tubes Limited has informed the Exchange about Transcript
RATNAMANI · price
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Ratnamani Metals & Tubes reported its highest-ever annual and quarterly sales, with Q4 standalone sales at Rs. 1,575 crore (up 11% YoY) and consolidated FY25 turnover at Rs. 5,186 crore. The company ended the year with zero debt, generated Rs. 521 crore in operating cash flow, and announced a dividend of Rs. 14 per share (700%). The order book stood at Rs. 2,100 crore (55% export, 45% domestic), with management guiding for 5-10% volume growth and 16-18% EBITDA margins in FY26. Key strategic moves include a 75-25 Saudi joint venture with SESCO for a stainless steel facility, expansion of subsidiary Ratnamani Finow Spooling Solutions (Rs. 600+ crore order book, targeting Rs. 600-650 crore revenue in 2-3 years), and capacity expansion in Ravi Technoforge. FY25 saw a 1% EBITDA decline as the mix shifted from high-margin oil and gas to lower-margin water segment orders.
Positive for shareholders given the strong dividend, debt-free balance sheet, and clear visibility on growth through capacity expansion and the Saudi JV. However, margin pressure from the shift in product mix is a near-term concern, even as management guides for 16-18% EBITDA in FY26.