RATNAMANI · Ratnamani Metals & Tubes Ltd · Constr. - Supplies & Fixtures
RATNAMANI · Ratnamani Metals & Tubes Ltd · Constr. - Supplies & Fixtures
As of 05 Nov close
52-week range
26.6% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 16 Oct 2026
Revenue (latest Q)
₹972 Cr
Revenue YoY
PAT YoY
-37.7%
Operating margin
Revenue, last 5 quarters
P/E (TTM)
P/B
4.3
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
+0.4%
Source: Yahoo Finance, as of 29 Oct 2026
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| RATNAMANI (this stock) | 37.7 | 4.3 | +10.0% | +10.5% | 0.08 | +0.4% |
| Grindwell Norton * | 54.9 | 8.3 | +13.8% | +17.2% | 0.02 | +1.0% |
| Carborundum Universal * | 106.5 | 5.9 | +3.9% | +5.4% | 0.11 | +0.4% |
| Jindal Saw * | 25.5 | 1.5 | +3.6% | +5.2% | 0.37 | +0.6% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
rising 1q
MF
19.10% (-0.25pp)
falling 1q
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- loweconomictimes.indiatimes.com· 27 Jul 2026, 09:28 amGulf Lloyds shares set for market debut today. Here's what GMP suggests ahead of listing
Concalls & investor presentations
AI-generatedKey takeaway: The investor presentation by Ratnamani Metals & Tubes Limited for Q1 2026-27 reported a decline in standalone revenue to ₹740.78 crores from ₹1,062.40 crores in the same quarter of the previous year, attributed to lower sales volumes and under-absorption of fixed costs. Consolidated revenue also decreased to ₹971.63 crores from ₹1,151.62 crores. The presentation highlighted that profitability was supported by improved performance from subsidiaries, despite challenges such as subdued demand and reduced government spending on infrastructure. The company maintained a debt-free status on a standalone basis and reported an increase in its order book to over ₹2,000 crores. The CEO noted the completion of new facilities aimed at enhancing production capabilities and expressed confidence in long-term growth prospects, backed by a strong order pipeline and improved enquiry levels across key markets.
The presentation conveyed both challenges in revenue and profitability alongside positive developments in subsidiary performance and production capabilities.
Sourced from an exchange-filed presentation, dated 07 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: During the earnings call for the fourth quarter and full year ended March 31, 2026, management reported that Ratnamani Metals & Tubes Limited faced a challenging business environment characterized by muted demand and geopolitical issues affecting order bookings and project execution. Stand-alone sales for Q4 were INR 893 crores, down from INR 1,575 crores in the same quarter last year. The decline was primarily attributed to lower volumes in the Carbon Steel division, while the Stainless Steel division performed in line with the previous year. Despite these challenges, management highlighted operational resilience, maintaining EBITDA margins. The order book as of May 1, 2026, was INR 2,160 crores, with exports contributing INR 700 crores. The company remains debt-free and is focusing on expanding its market presence. Management guided toward a lower dividend of INR 10 per share due to the current economic conditions, while expressing confidence in future growth driven by subsidiary performance and ongoing expansion projects.
Management reported both challenges and resilience in operational performance.
Sourced from an exchange-filed transcript, dated 20 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Ratnamani Metals & Tubes Limited detailed the audited financial results for the quarter and year ended March 31, 2026. Management reported that Q4 profitability was affected by lower sales volumes and under-absorption of fixed costs, particularly compared to the previous year's record sales. Despite these challenges, the company maintained absolute EBITDA and PAT in line with the previous year, supported by strong contributions from subsidiaries. The standalone revenue for Q4 2025-26 was ₹893 crores, down from ₹1,574.77 crores in Q4 2024-25. The company declared a dividend of ₹10 per share and reported a debt-free status on a standalone basis. The CEO highlighted ongoing projects and improvements in order booking and enquiry levels across key markets, indicating a focus on long-term growth and value creation.
The presentation conveyed a balanced view of challenges and achievements without strong emphasis on either positive or negative aspects.
Sourced from an exchange-filed presentation, dated 16 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation by Ratnamani Metals & Tubes Limited detailed the unaudited financial results for the quarter and nine months ended December 31, 2025. Management reported a decline in standalone sales due to lower project execution and subdued demand in the carbon steel division, although the stainless steel division achieved a 5% growth. Consolidated profitability was bolstered by strong contributions from subsidiaries, particularly in bearing rings and pipe spooling. The presentation highlighted a subdued order booking environment but noted improving order inquiries. Financial highlights included a consolidated revenue of ₹1,065.83 crores and a profit after tax of ₹135.38 crores for Q3 2025-26. The company emphasized its focus on cost management and operational efficiencies to maintain profitability ratios despite revenue declines. Additionally, ongoing projects and expansions were outlined, reinforcing the company's commitment to growth.
The presentation conveyed a balanced view of challenges and ongoing efforts for growth.
Sourced from an exchange-filed presentation, dated 07 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedRatnamani Metals & Tubes Limited (RATNAMANI) reported a market capitalization of ₹15,432.86 Crores as of March 31, 2026. The company has no material subsidiaries and has not faced any regulatory actions or defaults during FY2025-26. Key financial highlights include a focus on expanding manufacturing capacities and global integration, particularly in Europe and the Middle East. The company has received several awards for health and safety performance and has maintained strong corporate governance practices. However, the company has disputed statutory claims, including excise/customs/service tax demands of ₹3,675.69 Lakhs and income tax demands of ₹746.29 Lakhs, for which appeals have been filed. No provisions have been made for these contingent liabilities as the company believes the demands are likely to be deleted.
- No material subsidiaries or defaults reported during FY2025-26.
- Disputed statutory claims include excise/customs/service tax demands of ₹3,675.69 Lakhs and income tax demands of ₹746.29 Lakhs, with appeals filed.
- Strong corporate governance and health and safety recognitions.
- Focus on global expansion and manufacturing capacity enhancement.
Key takeaway: Ratnamani Metals & Tubes Limited has strong corporate governance and operational performance but faces contingent liabilities from disputed tax claims, which remain unresolved.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has disputed statutory claims for Excise/Custom duty/Service Tax amounting to ₹3,675.69 Lakhs as of March 31, 2026, and income tax demands of ₹746.29 Lakhs for AY 2019-20, 2020-21, and 2022-23, with appeals filed against these demands.
Earlier (1-3 years ago)
The company has assessment orders dated March 16, 2024, demanding ₹746.29 Lakhs for AY 2019-20, 2020-21, and 2022-23, against which the company has filed an appeal. Legal advice suggests the demand may be deleted or reduced, so no provision is made.
The company has disputed statutory claims/levies for which it has preferred appeal, as of March 31, 2024.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has disclosed related-party transactions involving several entities, including Ratnamani Finow Spooling Solutions Pvt Ltd., Ravi Technoforge Pvt Ltd., and others, with details on receivables, loans, advances, guarantees, and payables.
Earlier (1-3 years ago)
The company has a loan from a relative of Key Management Personnel, Mr. Manoj P. Sanghvi, and has outstanding balances with various related parties, including advances given to Jubilant Piping Solutions Pvt. Ltd., Ratanakar Wire Private Ltd., and Aurum Alloys & Engineering LLP.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has statutory dues pending in disputes, including amounts under the Central Excise Act and Customs Act, with some disputes pending in the Supreme Court and High Court, as of March 31, 2026.
Earlier (1-3 years ago)
Ratnamani Metals and Tubes Limited has outstanding statutory dues under various acts, including Central Excise, Customs, Employee State Insurance, and Income Tax, with amounts ranging from ₹7.00 lakh to ₹1,722.20 lakh, pending in forums such as the Supreme Court and various High Courts as of March 31, 2025.
The company has statutory dues disputes pending with various authorities, including amounts under the Central Excise Act and Customs Act, with disputes in forums such as the Supreme Court and various tribunals.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.85% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).