Ratnamani Metals & Tubes Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Rs. 10 per equity share.
RATNAMANI · price
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Ratnamani Metals & Tubes Limited reported FY26 audited results with standalone revenue declining 24% to Rs. 3,68,930 Lakhs and consolidated revenue down 13% to Rs. 4,49,396 Lakhs compared to FY25. Standalone net profit fell 25% to Rs. 43,396 Lakhs while consolidated net profit remained relatively flat at Rs. 53,447 Lakhs. The Board recommended a final dividend of Rs. 10 per share (500% on face value), payable by September 17, 2026 after shareholder approval at the AGM on August 18, 2026. Auditors issued an unmodified opinion on the financial statements. An exceptional charge of Rs. 1,040 Lakhs was recorded due to the new Labour Codes implementation.
The significant revenue and profit decline in FY26 may concern investors, though the dividend payout signals management confidence. The stock could face pressure given the ~25% drop in standalone earnings per share to Rs. 61.91.