āagman

Not investment advice. Data and computed figures, for information only.

Ratnamani Metals & Tubes Ltd

NSE: RATNAMANI
₹2,565.10
−₹5.70 (−0.22%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹17,688 Cr
CMP
₹2,565.10
52-wk High / Low
₹3,345 / 1,937
P/E
40.3
P/B
4.3
Book Value
₹586.0
Div Yield
0.40%
ROCE
18.0%
ROE
12.6%
Face Value
₹2
D/E
0.08

Price+9.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹953
√(22.5 × EPS × book value per share)
ROIC
10.7%
vs 12.3% sector median
Cash flow to profit
1.75
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+35
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.6%
ROE × earnings retention ratio
ROE stability
2.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.12DII −0.32
Latest quarter vs the previous one
Cash-accrual divergence
−7.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 40.3x is below the sector median of 43.6x
Watch-outs
−Latest ROCE of 18% trails the sector median of 19%
−Borrowings are up 1282.6% since FY2016 (23 to 318)
−Annualised volatility of 45.1% is in the high band (≥45%)
−Promoter holding fell by 0.3pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1751,1311,2571,4961,1849711,3161,7151,1521,1921,0661,085972
Expenses9698861,0571,2501,0208181,1121,413963980861931809
Operating Profit206245200246164154204302188211205154162
OPM %17.5%21.7%15.9%16.4%13.9%15.9%15.5%17.6%16.3%17.7%19.2%14.2%16.7%
Other Income911153912201993027134118
Interest10111312101477117766
Depreciation24242525262627293232333536
Profit before tax181221178248140134188276176199177154137
Net Profit13516413319310699133203127156135116107
EPS (₹)19.1023.3818.9627.4215.0014.3218.7329.5518.8119.4315.6714.9311.72

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6881,7181,4121,7672,7552,5862,2983,1394,4745,0595,1864,4944,314
Expenses1,3881,4311,1551,5012,3482,1591,8982,6443,6994,1624,3633,7363,582
Operating Profit300287257266407427400495776897824758732
OPM %17.8%16.7%18.2%15.1%14.8%16.5%17.4%15.8%17.3%17.7%15.9%16.9%17.0%
Other Income261614324159433832736011299
Interest96610152123213145373127
Depreciation54576061625957808398108132136
Profit before tax262240205228371406363431694828738706668
Net Profit173165144152253308276323512625542534514
EPS (₹)24.7423.5820.5521.6536.0843.8739.3746.0372.8388.8577.6168.8561.75

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital9999999914141414—
Reserves9001,0361,1781,2991,5131,7001,9782,2392,5903,1273,6234,097—
Borrowings392307965252207157237153157318—
Other Liabilities2792502263604655844225579397261,108957—
Total Liabilities1,2271,3191,4141,7472,0532,5452,6172,9623,7804,0204,9035,385—
Fixed Assets4254464484454405008658751,1221,1641,3481,611—
CWIP4248384717937176107101167190302—
Investments202474020315563710913589180644—
Other Assets7408018541,2551,2311,5181,0391,8732,4222,6013,1852,828—
Total Assets1,2271,3191,4141,7472,0532,5452,6172,9623,7804,0204,9035,385—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity148155134−73554215546−283310511536936
Cash from Investing Activity−52−11−10421−360−358−470418−204−146−388−1,147
Cash from Financing Activity−74−179−2842−5647−79−135−116−193−13059
Net Cash Flow23−353−10137−96−30−1017318−151

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—25.019.018.026.024.019.020.027.028.022.018.0
ROE %———————————12.6
EPS (₹)24.7423.5820.5521.6536.0843.8739.3746.0372.8388.8577.6168.85
Book Value (₹)———————————586.0
Face Value (₹)———————————2
P/E———————————40.3
Div Yield %———————————0.40
NPM %10.19.510.18.49.011.611.810.211.412.210.311.6
OPM %18.017.018.015.015.016.017.016.017.018.016.017.0
D/E0.040.020.000.060.040.150.100.070.090.050.040.08
P/B———————————4.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+10.0%
5 years+14.0%
3 years+0.0%
TTM−16.0%
Compounded profit growth
10 years+11.0%
5 years+12.0%
3 years−1.0%
TTM−23.0%
Stock price CAGR
10 years+21.0%
5 years+11.0%
3 years−1.0%
Last year+8.0%
Return on equity
10 years17.0%
5 years17.0%
3 years16.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.12%60.12%60.09%60.09%60.16%60.16%60.16%60.06%59.77%59.77%59.77%59.77%
FIIs0.00%0.00%13.56%11.66%9.72%11.21%12.13%12.77%12.86%11.63%10.60%10.72%
DIIs19.24%19.24%6.22%8.76%12.21%14.26%16.26%16.39%16.14%18.80%19.45%19.13%
Government0.00%0.00%0.30%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.02%0.02%
Public20.64%20.64%19.82%19.49%17.91%14.36%11.45%10.76%11.22%9.79%10.15%10.37%
No. of shareholders9,3629,36211,56710,94511,62312,16116,83027,40339,19033,43038,60136,573
Change since Jun 2023 (pp)
Promoters −0.35FIIs +10.72DIIs −0.11Public −10.27

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingESG Rating By CRISIL ESG Ratings & Analytics Limited
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingMay 2025TranscriptMay 2025Recording

Corporate actions

As of 11 Aug 2026
11 Aug 2026DIVIDENDDividend - Rs 10 Per Share—
2 Sep 2025DIVIDENDDividend - Rs 14 Per Share—
20 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 14 Per Share—
27 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 12 Per Share—
1 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 9.33 Per Share—
30 Jun 2022BONUSBonus 1:2—
17 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 14 Per Share—
17 Mar 2020DIVIDEND Interim Dividend - Rs 12 Per Share—
1 Aug 2019DIVIDEND Dividend - Rs 9 Per Share—
1 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 6 Per Share (Purpose Revised)—
4 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 5.50 Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 5.50/- Per Share (Purpose Revised)—
15 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 5.50/- Per Share—
4 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 4.50/- Per Share—
1 Aug 2013DIVIDENDAnnual General Meeting / Dividend - Rs 4/- Per Share—
13 Sep 2012DIVIDENDAnnual General Meeting And Dividend Rs.3/- Per Share—
4 Aug 2011DIVIDENDAnnual General Meeting And Dividend Rs.2.50 Per Share—
18 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.2.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman