Ratnamani Metals & Tubes Ltd Share Price

Steel - Tubes / Pipes

NSE: RATNAMANI Small Cap ISIN: INE703B01027

As on 22 January 2025 at 15:56 IST

₹2,908.25

-43.50

(-1.47%)

Sell Buy

About Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd. is a manufacturer of stainless steel pipes, tubes, and metal products. The company was founded in the year 1983. It has grown over many decades to become a leading player in specialized metal manufacturing. The headquarters of the company is located in Ahmedabad, Gujarat. Ratnamani Metals produces stainless steel seamless and welded tubes/pipes, carbon steel welded pipes, and nickel alloy tubes. The company produces these products for critical applications in petrochemicals, power, nuclear, aerospace, and chemical processing industries. It operates in the Steel Pipes & Tubes sector. Read More...

Over 1 Month

-9.87%

Over 6 Months

-16.51%

Over 1 Year

-11.56%

Over 3 Years

132.43%

Ratnamani Metals & Tubes Ltd Summary

Close ₹ 2,908.25

Open ₹ 2,951.75

High ₹ 2,966.45

Low ₹ 2,853.20

Volume 14,357

Net Turnover (in ₹) ₹ 9,76,41,109.95

52Wk High ₹ 3,978.50

52Wk Low ₹ 2,581.50

52Wk High / Low

2,581.50

3,978.50

Ratnamani Metals & Tubes Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 20,689.41

EPS (TTM) 72.81

Book Value (BV) 475.18

Div. Yield 0.48 %

P/E (TTM) 40.15

Price/Book Value 6.15

Delivery % 78.40 %

Face Value 2

Key Ratios

PE Ratio 32.12

PB Ratio 6.07

EV to Sales 4.03

PEG Ratio 1.75

ROA 18.43

ROE 20.56

Debt-Equity 0.04

Net Profit Margin 12.66

Operating Profit Margin 19.15

Ratnamani Metals & Tubes Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	5,132.31	4,507.09	3,176.48	2,341.54	2,644.98
Total Expenses	4,304.64	3,813.55	2,745.54	1,978.08	2,238.61
Profit Before Tax	827.67	693.54	430.94	363.46	406.37
Profit After Tax	625.10	512.28	322.64	276	307.54
Operating Profit after Depreciation	872.80	724.73	452.30	386.36	427.33

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	1,163.89	1,121.87	874.63	865.11	499.92
Total Non Current Assets	1,354.15	1,247.31	997.76	962.04	903.57
Total Current Assets	2,665.68	2,532.97	1,964.72	1,654.55	1,641.01
TOTAL ASSETS	4,019.83	3,780.28	2,962.48	2,616.59	2,544.57
Total Shareholder's Fund	3,140.53	2,603.90	2,248.32	1,987.56	1,709.16

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	511.23	310.47	-283	545.55	215.21
Net Cash used in Investing Activities	-145.51	-204.05	417.68	-469.90	-357.83
Net Cash used in Financing Activities	-192.95	-116.08	-134.54	-78.79	46.81

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	4,853.26	4,401.24	3,176.32	2,341.54	2,644.98
Total Expenses	4,043.51	3,707.40	2,745.63	1,978.16	2,238.67
Profit Before Tax	809.75	693.84	430.69	363.38	406.30
Profit After Tax	608.61	514.03	322.39	275.90	307.50
Operating Profit after Depreciation	836.93	716.82	452.05	386.28	427.26

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	954.64	940.82	874.63	865.11	499.91
Total Non Current Assets	1,249.13	1,156.33	997.82	962.10	903.62
Total Current Assets	2,537.20	2,413.17	1,963.42	1,653.43	1,640.16
TOTAL ASSETS	3,786.33	3,569.50	2,961.24	2,615.53	2,543.78
Total Shareholder's Fund	3,221.22	2,698.76	2,246.93	1,986.47	1,708.14

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	489.46	317.39	-271.74	545.25	215.40
Net Cash used in Investing Activities	-109.17	-243.18	406.24	-469.87	-357.91
Net Cash used in Financing Activities	-208.29	-83.23	-134.54	-78.79	46.81

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	971.33	1,183.70	1,495.71	1,257.26	1,131.21
Total Expenses	817.82	1,019.67	1,250.03	1,056.93	886.35
Profit Before Tax	133.59	140.35	247.80	178.13	221.12
Profit After Tax	99.35	105.88	193.12	132.79	164.33
Operating Profit after Depreciation	173.05	176.31	284.49	215.54	255.54

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	897.51	1,110.33	1,424.34	1,198.61	1,071.56
Total Expenses	748.87	955.81	1,183.94	1,004.62	831.35
Profit Before Tax	136.95	139.31	222.34	179.08	226.34
Profit After Tax	102.46	105.26	168.16	134.47	169.36
Operating Profit after Depreciation	168.14	166.74	252.99	207.20	252.85

Ratnamani Metals & Tubes Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 2,891.53

S2 2,831.32

S3 2,776.68

Pivot 2,946.17

R1 3,006.38

R2 3,061.02

R3 3,121.23

Moving Average

20 SMA 3,125.01

50 SMA 3,303.49

100 SMA 3,480.86

200 SMA 3,428.02

Ratnamani Metals & Tubes Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Ratnamani Metals & Tubes Ltd

₹14/Share

Announcement Date 20 Aug 2024

Record Date 21 Aug 2024

Div Yield 700%

AGM Date: 09 Aug 2022

This is to inform you that the Board of Directors of the Company at its Meeting held on today i.e. May 18, 2022 had inter alia, considered and approved / recommended the items as mentioned in the attachment. This is to inform you that the Company has fixed Tuesday, August 2, 2022 as the Cut-off date to record the entitlement of the members/shareholders, to cast their vote electronically/remote e-voting, in respect of all the items of the Businesses as indicated in the Notice of the 38th Annual General Meeting of the Company to be held on Tuesday, August 9, 2022, pursuant to the provisions of Section 108 of the Companies Act, 2013, the Rules framed thereunder read with Reg 44 of the SEBI (LODR) Reg., 2015. The Company would be availing e-voting facility from Central Depository Services (India) Limited. The details pursuant to the provisions of Sec.108 of the Companies Act, 2013 and the relevant Rules prescribed thereunder. 1. Date and Time of commencement of e-voting: Thursday, August 4, 2022 (9.00 A.M.). 2. Date and Time of end of e-voting: Monday, August 8, 2022 (5.00 P.M.). 3. E-voting by electronic mode shall not be allowed beyond 5.00 P.M. on Monday, August 8, 2022. (As Per BSE Announcement Dated on 14.06.2022) With reference to the above subject and pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the newspaper advertisement for notice of the 38th Annual General Meeting, E-voting, Cut-off Date, Book Closure dates and Dividend Information published in the Financial Express, English Edition and Financial Express, Gujarati Edition, dated July 15, 2022. (As Per BSE Announcement Dated on 15/07/2022) Proceedings of the 38th Annual General Meeting of the Company held on Tuesday, August 9, 2022 (As Per BSE Announcement Dated on 09.08.2022) Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith submit the Voting results of the 38th Annual General Meeting of the Company held on Tuesday, August 9, 2022 through Video Conferencing facility provided by the Company. The Company had appointed Shri M. C. Gupta, of M/s. M. C. Gupta & Co., Company Secretaries, Ahmedabad (C.P. No.1028 & FCS 2047) as Scrutinizer to scrutinize the e-voting process. The Scrutinizer's Report received from him is attached herewith and the same is being uploaded on the Company's website at www.ratnamani.com and on the website of the Central Depository Services (India) Limited (CDSL) at www.evotingindia.com. (As Per BSE Announcement dated on 10.08.2022) Ratnamani Metals & Tubes Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated 11.08.2022)

AGM Date: 03 Aug 2023

As per the attached file dated May 10, 2023 The Co has fixed Thursday, July 27, 2023 as the Cut-off date to record the entitlement of the members, to cast their vote electronically/remote e-voting, in respect of all the items of the Business as indicated in the Notice of the 39th AGM of the Co. to be held on Thurs, 03.08.2023, pursuant to Sec. 108 of the Co Act, 2013, the Rules framed thereunder read with Reg 44 of the SEBI (LODR) Reg, 2015. The Co. would be availing e-voting facility from NSDL. The details pursuant to Sec 108 of the Co Act, 2013 and the Rules prescribed thereunder are as follows: 1. Date & Time of commencement of e-voting: Sat, 29.07.2023 (9.00 A.M.). 2. Date & Time of end of e-voting: Wed, 02.08.2023 (5.00 P.M.). 3. E-voting by electronic mode shall not be allowed beyond 5.00 P.M. on Wed, 02.08.2023. The same cut-off date of i.e. Thurs, 27.07.2023 would also determine the members who do not cast their vote electronically, to cast their vote as may be required at the said AGM to be held on Thurs, 03.08.2023. (As per BSE Announcement Dated on 05/06/2023) Publication of newspaper advertisement for the notice of 39th Annual General Meeting, Book Closure dates, E-voting, Cut Off date, Updation of KYC and dividend information. (As Per BSE Announcement Dated on 11/07/2023) PROCEEDINGS OF 39TH ANNUAL GENERAL MEETING HELD ON THURSDAY, AUGUST 3, 2023 RE-APPOINTMENT OF MANAGING DIRECTOR, JOINT MANAGING DIRECTOR AND WHOLE TIME DIRECTOR, STATUTORY AUDITORS AND SENIOR MANAGEMENT PERSONNEL AT THE 39TH ANNUAL GENEAL MEETING HELD ON AUGUST 3, 2023. CESSATION ON ACCOUNT OF COMPLETION OF TENURE OF SECOND TERM OF CONSECUTIVE FIVE YEARS OF THREE INDEPENDENT DIRECTORS. (As Per BSE Announcement dated on 03.08.2023) Voting Results and Scrutinizer''s Report (As Per BSE Announcement dated on 05.08.2023) Minutes of the 39th Annual General Meeting held on August 3, 2023. (As Per BSE Announcement dated on 16.08.2023)

AGM Date: 27 Aug 2024

The 40th Annual General Meeting of the Members of the Company will be held on Tuesday, August 27, 2024, through Video Conferencing and other Audio-Visual Means. Pursuant to Section 91 & other applicable provisions of the Companies Act, 2013 and in accordance with the Regulation 42 of the Listing Regulations, the Register of Members and Share Transfer Book shall remain closed from Wednesday, August 21, 2024 to Tuesday, August 27, 2024 (both days inclusive) for the purpose of determining the members eligible to receive the Dividend, if approved by the members in the ensuing Annual General Meeting. BOOK CLOSURE DATES (As Per BSE Announcement Dated on 24/05/2024) Cut-off date for remote e-voting for the 40th Annual General Meeting. (As Per BSE Announcement dated on 24.06.2024) Proceedings of the 40th Annual General Meeting of the Company held on Tuesday, August 27, 2024. (As Per BSE Announcement Dated on 27.08.2024) VOTING RESULTS AND SCRUTINIZER REPORT (As per BSE Announcement Dated on 28/08/2024)

Ratnamani Metals & Tubes Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Ratnamani Metals & Tubes Ltd	₹2,923.45	₹20,491.05
JSW Steel Ltd	₹926.45	₹2,26,559.08
Tata Steel Ltd	₹129.65	₹1,61,848.93
Jindal Steel & Power Ltd	₹918.70	₹93,715.49
Tube Investments of India Ltd	₹3,373	₹65,259.70
Jindal Stainless Ltd	₹633.35	₹52,173.45

Ratnamani Metals & Tubes Ltd News

Ratnamani Metals & Tubes Ltd eases for fifth straight session

Ratnamani Metals & Tubes Ltd is quoting at Rs 3531.25, down 0.26% on the day as on 12:59 IST on the NSE. The stock jumped 20.5% in last one year as compared to a 20.25% rally in NIFTY and a 30.31% spurt in the Nifty Metal index.

13 Nov 2024, 01:13 pm

Ratnamani Metals & Tubes to conduct board meeting

On 14 November 2024

04 Nov 2024, 04:20 pm

Ratnamani Metals & Tubes Ltd up for fifth session

Ratnamani Metals & Tubes Ltd is quoting at Rs 3849.35, up 0.76% on the day as on 12:44 IST on the NSE. The stock is up 43.94% in last one year as compared to a 24.58% spurt in NIFTY and a 31.42% spurt in the Nifty Metal.

12 Sep 2024, 01:00 pm

Ratnamani Metals & Tubes Ltd soars 0.59%, rises for fifth straight session

Ratnamani Metals & Tubes Ltd is quoting at Rs 3667, up 0.59% on the day as on 12:44 IST on the NSE. The stock is up 38.78% in last one year as compared to a 31.09% spurt in NIFTY and a 41.78% spurt in the Nifty Metal.

30 Aug 2024, 01:00 pm

Ratnamani Metals & Tubes to conduct board meeting

On 13 August 2024

06 Aug 2024, 04:23 pm

Ratnamani Metals & Tubes Ltd Stock Analysis

Annual revenue for Ratnamani Metals & Tubes Ltd increased by 10.27% to ₹4,853.26 crore in FY 2024 from ₹4,401.24 crore in FY 2023.
Annual Net Profit for Ratnamani Metals & Tubes Ltd increased by 18.40% to ₹608.61 crore in FY 2024 from ₹514.03 crore in FY 2023.
Promoter Shareholding in Ratnamani Metals & Tubes Ltd remains unchanged by 0.00% in the most recent quarter, from 59.77% in September 2024 to 59.77% in December 2024.
Ratnamani Metals & Tubes Ltd delivered a 1-year return of -11.56% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Ratnamani Metals & Tubes Ltd share price moved down by 1.47% from its previous close of INR ₹2,951.75. The latest Ratnamani Metals & Tubes Ltd share price is INR ₹2,908.25.
Ratnamani Metals & Tubes Ltd share price today has been at a low of 2,853.20 and a high of 2,966.45. Over the past 52 weeks, the Ratnamani Metals & Tubes Ltd share price has seen a low of 2,581.50 and a high of 3,978.50.

About Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd. is a leading manufacturer of stainless steel pipes, tubes, and other metal products. The company functions in the Steel Pipes & Tubes sector within the metal manufacturing industry.

Established in 1983, Ratnamani Metals has been in business for many decades. The company is headquartered in Ahmedabad, Gujarat, India. The founding promoters are the Sanghvi family, with Prakash M. Sanghvi serving as the Chairman and Managing Director.
The other crucial managerial promoters of the company include:

Jayanti M Sanghvi
Shanti M Sanghvi
Sushil Solanki
Dhinal A Shah

The company's main products include stainless steel seamless and welded tubes/pipes, carbon steel welded pipes, and nickel alloy tubes. They manufacture products for critical applications in various industries. This includes oil & gas, petrochemicals, power, nuclear, aerospace, and chemical processing. Its extensive product range makes it a significant player in the steel tube industry. However, it is not the #1 company by market capitalization in its sector, though it is known for its premium quality products and specialized offerings.

The promoter shareholding of the company stands at 59.77% of the total equity. This indicates strong promoter confidence in the business. The major stake of the company is held by Prakash M. Sanghvi & Reshmi Sanghvi. They hold 14.03% shares from total promoter shareholding.

The registered office of the company is located at 17 Rajmugat Society, Ahmedabad - 380013, Gujarat. Its registrar & share transfer agent is Link Intime India Private Limited.

The company has manufacturing facilities in Gujarat and Karnataka, serving both domestic and international markets. Ratnamani has established itself as a trusted supplier to major projects worldwide, with a significant export presence across multiple continents.

Foreign Dealing of the Company

Ratnamani Metals & Tubes Ltd. has established itself as a key player in the global market for specialized steel pipes and tubes. The company's international presence reflects its commitment to quality manufacturing and its ability to meet stringent global standards. The company has successfully penetrated various international markets. Also, it has established itself as a reliable supplier of premium quality metal products. This is due to their state-of-the-art manufacturing facilities in Gujarat and Karnataka,

Global Market Presence
The company has strategically expanded its presence across multiple continents, serving diverse industries. This includes oil & gas, petrochemicals, power, and aerospace sectors. Their international operations span across major markets in North America, Europe, Middle East, and Asia-Pacific regions. The company's ability to meet international quality standards and specifications has helped them secure prestigious projects worldwide.

Quality Certifications and Standards
Ratnamani aims to facilitate international trade and maintain global competitiveness. Thus, it has obtained various international certifications and accreditations. These certifications demonstrate their compliance with global quality standards and strengthen their position in international markets. They maintain strict quality control measures that align with international requirements.

Export Portfolio
Their export portfolio includes specialized products like stainless steel seamless tubes, welded pipes, and nickel alloy tubes. These products are designed to meet the specific requirements of international clients. They are particularly manufactured for high-pressure and high-temperature applications. The company's expertise in manufacturing specialized products has helped them secure orders from major global engineering and construction companies.

Middle East Operations
The Middle East represents a significant market for Ratnamani, particularly in the oil and gas sector. The company supplies critical components for various petrochemical and oil refining projects in the region. Their products' reliability and performance in extreme conditions have made them a preferred supplier for major Middle Eastern energy projects.

European Market
Ratnamani has established a strong presence in industrial and power generation sectors in Europe. Their products meet the stringent European standards and specifications, mainly for nuclear power plants and chemical processing industries. The company's focus on technological advancement and quality control has helped it maintain long-term relationships with European clients.

American Operations
The North American market is another key territory where Ratnamani has made significant inroads. Their products are used in various applications across the United States and Canada. The company's ability to meet American Society of Mechanical Engineers (ASME) standards has been crucial for its success in this market.

Technology and Innovation for Global Markets
Ratnamani continuously invests in modern technology and innovation. This enables them to maintain competitiveness in international markets. Their manufacturing facilities are equipped with advanced machinery and testing equipment to ensure their products meet global standards. This technological capability allows them to manufacture complex products that meet specific international requirements.

Future International Expansion Plans
The company continues to explore new international markets and opportunities for growth. Their strategy includes expanding their product range for international markets and strengthening their global distribution network. They also focus on developing new products specifically designed for emerging market needs.

Ratnamani Metals & Tubes Ltd.'s success in international markets is built on its commitment to quality, technological excellence, and customer satisfaction. Their ability to manufacture specialized products for critical applications has established them as a trusted global supplier. The company focuses on maintaining international quality standards and continuous innovation. This has positioned them well in the global markets as they continue to strengthen their international presence. Ratnamani Metals & Tubes Ltd represents Indian manufacturing excellence on the global stage.