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NSE:RATNAMANI

RATNAMANI MET & TUB LTD.

Capital Goods › Industrial Products·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹2,305.70
at close · 28 Oct 2026
▼ 39.30 (-1.68%)

Latest filings

Next results: Fri, 6 Nov · Financial Results
  1. Trading window remains closed through November 8 for Q2 and H1 results · Compliance
  2. Board meeting to approve Q2 and H1 FY2026-27 unaudited results · Results
  3. NSE assigns ESG rating 69, 'Aspiring' category, to Ratnamani Metals · Business Updates
All filings ↓
Ask Nexa about RATNAMANI MET & TUB LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

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.

Revenue mix · reported segments
Steel Tubes and Pipes82.9%
Pipe Spools and Auxiliary Support Systems8.7%
Bearing Rings8.4%
Operating scale
Order book
INR 2,160 croreAs of 1 May 2026
Order book — exports
INR 697 croreAs of 1 May 2026
Manufacturing plants
4 (including new Sundergarh from Nov 2025)FY26
Workforce
5,139FY26
Export footprint
37% of revenue, 28 countriesFY26
Stand-alone cash and debt
INR 800 crore free cash, debt-freeFY26
Who pays it
Thermal power, oil & gas, City Gas Distribution, nuclear power, and defence/aerospace end-users, including export customers
Biggest cost
Raw materials (steel), 58.6% of revenue
Kind of business
Asset-heavy steel manufacturer with three product lines and growing subsidiaries
Where it sits
Steel tubes and pipes contribute 99.9% of standalone revenue; operations across four Indian plants plus a Saudi Arabia JV plant under construction
Market Cap
₹16,161 Cr
P / E (TTM)
37.3×
EV / EBITDA
19.7×
Div Yield
0.61%
Growth
14.4%▲
Revenue 5y CAGR
PAT +14.1% · EBITDA +14.4%
Quality
19.8%▲
ROCE (5y median)
ROE 14.8% (5y median) · margin 19.3%
Leverage
0.07·
Debt / Equity · low
Net debt ₹230 Cr
Revenue FY21→FY26
2.0×▲
Margin −0.1 pts
₹2,298 Cr → ₹4,494 Cr
Cash conversion
0.79×·
Operating cash ÷ profit · 5 yrs
₹2,011 Cr on ₹2,536 Cr
Moves on a normal day
1.23%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#85/105
P/B#82/101
ROCE#24/115
ROE#25/103
Debt / Equity#35/101
EBITDA margin#30/100
Revenue growth#78/97
Profit growth#76/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 14% a year over 5 years
Profit compounding 14% a year over 5 years
Returns on capital 19.8% (5-year median)
#24 of 115 in Iron & Steel Products on the latest reported figures
Debt at 0.07× equity
lower than 66% of its 101 Iron & Steel Products peers
Concerns
Heavy working capital — 158 days of cash tied up
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

RATNAMANI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RATNAMANI MET & TUB LTD.'s filed financials and exchange disclosures

What does RATNAMANI MET & TUB LTD. do?

RATNAMANI MET & TUB LTD. is a Industrial Products company listed on NSE and BSE, trading under the symbol RATNAMANI.

Is RATNAMANI MET & TUB LTD. profitable?

Yes. Over the trailing twelve months RATNAMANI MET & TUB LTD. reported a net profit of ₹514 Cr on revenue of ₹4,314 Cr.

Does RATNAMANI MET & TUB LTD. pay a dividend?

Yes. The dividend yield is 0.61% at the current price. It paid out 18% of its profit as dividend in FY26.

Is RATNAMANI MET & TUB LTD. debt-free?

No. It reported borrowings of ₹304 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹230 Cr after cash. Debt stands at 0.07× equity. That is lower than 66% of its 101 Iron & Steel Products peers.

Is RATNAMANI MET & TUB LTD. expensive compared with its peers?

On trailing P/E, RATNAMANI MET & TUB LTD. ranks 85 of 105 in Iron & Steel Products — cheaper than 19% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the RATNAMANI MET & TUB LTD. share price move in a day?

On a typical session RATNAMANI MET & TUB LTD. moves 1.23% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are RATNAMANI MET & TUB LTD.'s next results?

Financial Results on Fri, 6 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track RATNAMANI MET & TUB LTD.'s announcements?

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.