Ratnamani Metals & Tubes Limited

NSE: RATNAMANI · Capital Goods

₹2,455.90+0.07%06 Nov 2026

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Instant answers about Ratnamani Metals & Tubes Limited — computed from its filings, no language model

Market cap₹17,214 cr

Current price₹2,455.90

High / Low₹3,046 / ₹1,946

P/E43.2

P/B4.06

Book value₹605.3

ROE9.4%

ROCE14.6%

Debt / equity0.08

Dividend yield0.57%

EPS (TTM)₹56.81

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,583	2,298	3,139	4,474	5,059	5,186	4,494
EBITDA	424	400	495	775	897	824	758
Operating margin	16.4%	17.4%	15.8%	17.3%	17.7%	15.9%	16.9%
Interest	21	23	21	31	45	37	31
Depreciation	59	57	80	83	98	108	132
Profit before tax	406	363	431	694	828	738	706
Tax	99	87	108	181	203	196	172
Net profit	0	0	323	510	621	544	483
EPS ₹	65.82	59.07	69.05	73.09	89.18	77.27	68.85
Operating cash flow	—	—	-283	310	511	536	936
Capex	—	—	144	142	213	329	485
Dividend paid	—	—	65	65	84	0	98
Total assets	—	—	—	3,780	4,020	4,906	5,388
Equity	—	—	—	2,604	3,141	3,637	4,111

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	610	756	629	578	577	441	696	526	712	927	974	977	900	1,499	1,175	1,131	1,257	1,496	1,184	971	1,316	1,715	1,152	1,192	1,066	1,085	972	1,348
Operating profit	117	108	96	74	82	80	159	85	111	130	169	131	145	301	206	245	200	246	164	154	204	302	188	211	205	154	162	189
Operating margin	19.1%	14.3%	15.3%	12.7%	14.2%	18.1%	22.8%	16.1%	15.6%	14.0%	17.3%	13.4%	16.1%	20.0%	17.6%	21.6%	15.9%	16.4%	13.9%	15.8%	15.5%	17.6%	16.3%	17.7%	19.2%	14.2%	16.7%	14.0%
Other income	22	15	14	13	14	14	9	8	9	11	10	9	10	7	9	11	15	39	12	20	19	9	30	27	31	34	18	31
Interest	6	6	6	5	6	6	6	5	5	4	6	5	5	14	10	11	13	12	10	14	7	7	11	7	7	6	6	9
Depreciation	14	15	15	14	14	13	15	19	19	19	23	19	19	25	24	24	25	25	26	26	27	29	32	32	33	35	36	37
Profit before tax	118	102	90	67	76	74	147	68	96	118	149	116	132	268	181	221	178	248	140	134	188	276	176	199	177	154	137	174
Tax	41	1	23	17	19	14	37	18	25	29	37	29	33	75	46	57	45	55	34	34	55	73	49	43	42	38	30	40
Net profit	0	0	0	0	0	0	0	0	0	0	112	0	0	192	134	0	133	188	105	100	131	207	132	136	110	105	82	102
EPS ₹	16.36	21.62	14.42	10.64	12.14	12.88	23.41	10.79	15.30	19.07	23.89	12.40	14.09	27.47	19.24	23.45	18.94	27.55	15.11	14.17	19.00	28.99	18.81	19.43	15.67	14.94	11.72	14.49
Revenue YoY	—	—	—	—	-5.5%	-41.7%	10.6%	-9.0%	23.4%	110.3%	39.9%	85.7%	26.4%	53.9%	20.3%	25.7%	—	-0.2%	0.7%	-14.1%	4.7%	14.7%	-2.7%	22.7%	-19.0%	-36.8%	-15.6%	13.1%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	71.6%	—	—	—	-1.6%	-21.5%	—	-1.2%	9.9%	25.4%	35.7%	-16.3%	-49.5%	-37.7%	-25.4%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Ratnamani Metals & Tubes Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	953	852	812	1,222	1,201	1,326	1,662	1,709	1,476	1,790	2,755
Operating profit	155	168	155	197	247	257	308	284	257	275	407
Operating margin	16.2%	19.7%	19.1%	16.1%	20.6%	19.4%	18.5%	16.6%	17.4%	15.4%	14.8%
Other income	—	1	12	6	17	14	17	17	13	23	41
Interest	17	2	14	22	20	10	9	7	5	10	15
Depreciation	30	37	40	42	42	46	54	57	60	61	62
Profit before tax	110	130	113	139	202	214	261	237	205	228	371
Tax	39	49	30	28	66	71	88	75	61	76	118
Net profit	71	81	83	111	136	143	173	163	144	152	253

Quarters

showing latest 8 of 48 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	209	214	232	250	254	191	259	191	179	161	322	219	176	161	257	290	309	281	343	282	302	272	345	291	287	347	401	349	438	500	375	430	408	364	507	358	336	376	407	318	318	536	619	609	730	728	687	588
Operating profit	45	48	32	49	47	23	37	37	41	35	54	37	32	33	53	53	47	42	55	47	75	57	68	57	50	64	85	69	88	95	56	88	58	55	83	61	52	77	68	47	51	84	93	90	116	101	99	103
Operating margin	21.5%	22.5%	13.8%	19.4%	18.4%	11.9%	14.3%	19.2%	23.2%	22.1%	16.8%	17.1%	17.9%	20.5%	20.7%	18.3%	15.3%	14.9%	16.0%	16.8%	24.9%	20.8%	19.7%	19.5%	17.4%	18.6%	21.3%	19.7%	20.1%	19.0%	14.9%	20.5%	14.1%	15.2%	16.4%	16.9%	15.4%	20.4%	16.8%	14.8%	16.1%	15.7%	15.0%	14.9%	15.9%	13.9%	14.4%	17.5%
Other income	6	3	2	0	1	0	—	0	0	1	0	3	5	2	1	2	2	1	3	3	5	5	5	3	3	4	4	4	4	1	8	4	4	6	4	3	4	3	3	3	3	4	13	17	11	11	3	11
Interest	5	4	3	4	4	5	4	0	1	1	0	3	3	3	5	6	4	3	9	10	3	4	3	2	2	3	4	1	1	4	3	1	1	2	2	2	1	1	1	1	1	3	4	5	4	4	2	4
Depreciation	6	6	6	6	7	8	9	9	9	9	9	10	10	10	10	10	10	11	11	10	10	11	11	11	11	12	12	13	16	14	12	14	14	14	15	15	14	15	15	15	15	15	15	16	16	16	15	14
Profit before tax	39	41	24	39	37	10	24	27	32	26	45	28	24	22	39	39	34	28	38	30	66	46	59	47	40	54	73	58	75	79	48	77	46	45	70	46	41	63	55	33	39	69	87	87	107	93	85	96
Tax	13	14	11	13	13	3	9	9	10	9	20	8	5	5	10	12	11	8	-3	10	22	14	20	17	14	18	23	20	26	26	16	27	14	10	24	15	12	19	15	10	12	23	30	29	37	30	22	33
Net profit	27	27	13	25	23	7	16	18	21	17	24	20	19	17	28	27	23	20	41	20	44	32	39	30	26	36	51	38	49	53	32	50	32	34	46	31	29	45	40	23	27	46	56	58	69	63	63	63
EPS ₹	29.80	30.29	14.84	28.28	26.03	1.48	3.49	4.05	4.74	3.84	5.41	4.29	4.02	3.61	5.88	5.79	5.06	4.27	8.86	4.38	9.58	6.82	8.51	6.47	5.61	7.74	10.92	8.24	10.55	11.24	6.91	10.68	6.93	7.34	9.87	6.67	6.11	9.58	8.52	4.94	5.72	9.79	12.03	12.34	14.83	13.43	13.53	13.42
Revenue YoY	—	—	—	—	21.4%	-11.0%	11.9%	-23.3%	-29.7%	-15.8%	24.1%	14.4%	-1.6%	0.3%	-20.2%	32.2%	75.8%	74.4%	33.7%	-2.5%	-2.3%	-3.2%	0.7%	3.1%	-4.7%	27.5%	16.1%	20.0%	52.4%	44.1%	-6.5%	23.0%	-6.8%	-27.1%	35.2%	-16.8%	-17.7%	3.2%	-19.8%	-11.2%	-5.5%	42.6%	52.2%	91.9%	129.9%	36.0%	10.9%	-3.6%
Profit YoY	—	—	—	—	-12.6%	-75.6%	17.5%	-28.4%	-8.8%	161.3%	56.2%	8.3%	-13.3%	-4.0%	15.4%	36.8%	26.7%	19.2%	45.5%	-24.7%	89.5%	59.5%	-4.0%	47.6%	-41.4%	13.6%	28.6%	28.1%	88.9%	46.1%	-36.4%	29.8%	-34.2%	-34.7%	42.9%	-37.5%	-11.8%	30.5%	-13.7%	-26.0%	-6.2%	2.2%	41.2%	150.0%	159.0%	37.2%	12.4%	8.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 22 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	4.7%	16.3%	14.5%	13.6%	16.0%	16.0%	15.0%	15.7%	15.7%	15.1%	11.7%	10.5%	9.4%
ROCE	—	—	—	—	—	—	—	—	—	21.4%	30.0%	26.6%	25.4%	21.1%	21.2%	20.5%	21.5%	21.3%	21.0%	16.7%	15.7%	14.6%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.6%	3.1%	3.0%	9.1%	9.0%	8.4%	10.7%	10.6%	10.5%	11.1%	11.3%	11.4%	10.7%	10.0%	8.9%
EBITDA margin	15.3%	14.2%	14.9%	17.2%	18.1%	18.3%	16.9%	15.8%	15.1%	15.2%	18.8%	17.7%	16.9%	15.6%	15.4%	15.9%	16.4%	16.8%	17.7%	16.9%	17.0%	15.9%
Debt / equity	—	—	—	—	—	—	—	—	—	0.05	0.06	0.05	0.05	0.08	0.08	0.04	0.04	0.06	0.06	0.07	0.07	0.08
Interest coverage	17.79	15.88	14.54	16.87	16.88	18.05	22.06	21.58	24.48	27.05	18.92	19.34	18.50	15.66	17.71	20.72	20.99	27.39	27.12	23.54	26.20	23.26
Asset turnover	—	—	—	—	—	—	—	—	—	1.23	1.36	1.26	1.26	1.14	1.15	1.06	1.05	1.08	1.03	0.83	0.80	0.77

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	14	14	14	14	14	14	14	14	14
Other equity / reserves	2,356	2,590	2,805	3,127	3,279	3,623	3,858	4,097	4,228
Total equity	2,370	2,604	2,819	3,141	3,293	3,637	3,872	4,111	4,242
Borrowings	129	224	166	142	256	141	226	304	354
Current liabilities	568	861	577	600	797	997	822	869	994
Non-current liabilities	128	244	248	204	197	244	225	311	396
Total assets	3,066	3,780	3,717	4,020	4,317	4,906	4,978	5,388	5,787
Property, plant & equipment	847	1,102	1,092	1,144	1,155	1,323	1,445	1,589	1,707
Capital work-in-progress	145	101	153	167	247	190	210	302	348
Investments	126	135	157	89	80	180	638	644	276
Inventories	1,101	1,259	1,236	1,349	1,648	1,506	1,220	1,275	1,645
Receivables	614	1,009	777	941	910	1,265	924	1,013	1,205
Cash & equivalents	75	34	49	207	58	225	29	74	63

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-283	310	511	536	936
Cash from investing	418	-208	-145	-397	-1,148
Cash from financing	-135	-116	-193	-130	59
Capex	144	142	213	329	485
Free cash flow	-427	169	298	207	451
Dividends paid	65	65	84	0	98

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,707 cr30%

CWIP

₹348 cr6%

Investments

₹276 cr5%

Inventories

₹1,645 cr28%

Receivables

₹1,205 cr21%

Cash & equivalents

₹63 cr1%

Other assets

₹542 cr9%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Ratnamani Metals & Tubes Limited	17,214	2,455.90	43.2	4.06	9.4%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-2.7%

6 months-13.1%

1 year+1.0%

3Y CAGR-5.3%

5Y CAGR+11.1%

10Y CAGR+19.6%

50-day avg₹2,596.44

200-day avg₹2,470.10

RSI (14)44

FAQs

What is the share price of Ratnamani Metals & Tubes Limited?

Ratnamani Metals & Tubes Limited (RATNAMANI) closed at ₹2,455.90 on NSE on 06 Nov 2026.

What is the market cap of Ratnamani Metals & Tubes Limited?

₹17,214 crore at the latest close.

What is the P/E ratio of Ratnamani Metals & Tubes Limited?

43.2, on trailing-twelve-month earnings from its filings.

How fast is Ratnamani Metals & Tubes Limited growing?

Ratnamani Metals & Tubes Limited: revenue has compounded at 0.1% a year over three years; net profit at -1.9% a year. Latest-quarter revenue is up 13.1% year on year, profit down 25.4%.

How profitable is Ratnamani Metals & Tubes Limited?

On a trailing-twelve-month basis return on equity is 9.4%, return on capital employed 14.6%, operating margin 15.9%, net margin 8.9%.

How much debt does Ratnamani Metals & Tubes Limited have?

Ratnamani Metals & Tubes Limited is lightly geared: debt to equity is 0.08 with borrowings of ₹354 cr against cash of ₹63 cr (balance sheet of 2026-09-30). Operating profit covers interest 23.3 times.

Financials parsed from Ratnamani Metals & Tubes Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.