What the business is, and whether it's a good one at a fair price.
Manufactures steel tubes and pipes along with pipe spools and bearing rings, with three reporting segments in FY26. Steel Tubes and Pipes was the largest at 82.9% of segment revenue (INR 3,726.83 crore), followed by Pipe Spools and Auxiliary Support Systems at 8.7% (INR 390.47 crore) and Bearing Rings at 8.4% (INR 376.66 crore). The pipe spooling business runs through subsidiary RFSS, while the Bearing Rings segment is run by Ravi Technoforge — RFSS delivered INR 390 crore in its first full year and Ravi Technoforge posted INR 377 crore in FY26, up 33% year-on-year. End-markets include thermal power, oil & gas, City Gas Distribution, nuclear power, and defence/aerospace. Manufacturing is spread across four plants, including a new Sundergarh facility commissioned from November 2025, with raw materials accounting for 58.6% of revenue as the dominant cost line. A 75%-owned Saudi Arabia JV (Ratnamani Middle East Company LLC) is setting up a seamless tubes plant in Dammam targeting trials by March 2027.
Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from RATNAMANI MET & TUB LTD.'s filed financials and exchange disclosures
RATNAMANI MET & TUB LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol RATNAMANI.
Yes. Over the trailing twelve months RATNAMANI MET & TUB LTD. reported a net profit of ₹514 Cr on revenue of ₹4,314 Cr.
Yes. The dividend yield is 0.50% at the current price. It paid out 18% of its profit as dividend in FY26.
No. Debt stands at 0.07× equity, and it carries net debt of ₹230 Cr. That is lower than 58% of its 114 Iron & Steel Products peers.
On trailing P/E, RATNAMANI MET & TUB LTD. ranks 101 of 118 in Iron & Steel Products — cheaper than 15% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.
On a typical session RATNAMANI MET & TUB LTD. moves 1.14% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by RATNAMANI MET & TUB LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
