Margin ImprovementA 35% gross margin and 10.5% net margin indicate durable cost control and pricing power in engineered tubular products. Sustained margins support long-term profitability through steel price cycles and allow reinvestment in higher value-added product lines and quality testing capabilities.

Very Low LeverageExtremely low debt and a high equity ratio provide financial flexibility to fund capex, absorb cyclical downturns, and pursue strategic projects without heavy interest burdens. This balance sheet strength reduces refinancing risk and supports durable capital allocation choices.

Strong Cash ConversionNearly one-to-one OCF to net income shows high quality earnings and reliable cash generation from operations. Consistent operational cash flow sustains working capital needs, funds organic growth and maintenance capex, and lowers dependence on external financing.

Bears Say

Declining Free Cash FlowA nearly 27% drop in free cash flow from higher capex suggests elevated investment needs that compress distributable cash. If sustained, higher growth or modernization capex could limit dividends, slow deleveraging, or require external funding, reducing near-term financial flexibility.

Modest Revenue GrowthSingle-digit top-line growth constrains scale economies and the company's ability to materially expand margins over time. In capital goods markets, modest revenue gains can reflect competitive pricing pressure or limited order book expansion versus peers pursuing faster diversification.

End‑market CyclicalityHigh exposure to capex-driven sectors like oil & gas and refineries makes demand and utilization sensitive to long investment cycles and commodity swings. This structural cyclicality can cause durable volatility in order intake and margins across 2–6 month horizons and beyond.

Ratnamani Metals & Tubes Ltd. News

Exchange Seeks Clarification From Ratnamani Metals & Tubes After Sharp Share Price Move

Ratnamani Metals & Tubes Ltd. ( ($IN:RATNAMANI) ) just unveiled an update. Ratnamani Metals & Tubes Ltd. has...

9d ago

Ratnamani Metals & Tubes Ltd. Launches Shareholder Engagement Campaign

Ratnamani Metals & Tubes Ltd. ( ($IN:RATNAMANI) ) just unveiled an update. Ratnamani Metals & Tubes Ltd. has...

5M ago

RATNAMANI FAQ

What was Ratnamani Metals & Tubes Ltd.’s price range in the past 12 months?

Ratnamani Metals & Tubes Ltd. lowest stock price was ₹1900.05 and its highest was ₹3044.10 in the past 12 months.

What is Ratnamani Metals & Tubes Ltd.’s market cap?

Ratnamani Metals & Tubes Ltd.’s market cap is ₹172.12B.

When is Ratnamani Metals & Tubes Ltd.’s upcoming earnings report date?

Ratnamani Metals & Tubes Ltd.’s upcoming earnings report date is May 14, 2026 which is in 75 days.

How were Ratnamani Metals & Tubes Ltd.’s earnings last quarter?

Ratnamani Metals & Tubes Ltd. released its earnings results on Feb 06, 2026. The company reported ₹17.6 earnings per share for the quarter, missing the consensus estimate of ₹19.7 by -₹2.1.

Is Ratnamani Metals & Tubes Ltd. overvalued?

According to Wall Street analysts Ratnamani Metals & Tubes Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Ratnamani Metals & Tubes Ltd. pay dividends?

Ratnamani Metals & Tubes Ltd. pays a Annually dividend of ₹14 which represents an annual dividend yield of 0.6%. See more information on Ratnamani Metals & Tubes Ltd. dividends here

What is Ratnamani Metals & Tubes Ltd.’s EPS estimate?

Ratnamani Metals & Tubes Ltd.’s EPS estimate is 31.6.

How many shares outstanding does Ratnamani Metals & Tubes Ltd. have?

Ratnamani Metals & Tubes Ltd. has 70,092,000 shares outstanding.

What happened to Ratnamani Metals & Tubes Ltd.’s price movement after its last earnings report?

Ratnamani Metals & Tubes Ltd. reported an EPS of ₹17.6 in its last earnings report, missing expectations of ₹19.7. Following the earnings report the stock price went down -1.652%.

Which hedge fund is a major shareholder of Ratnamani Metals & Tubes Ltd.?

Currently, no hedge funds are holding shares in IN:RATNAMANI

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Ratnamani Metals & Tubes Ltd.

Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless steel products comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. It also provides nickel alloy seamless heat exchanger tubes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers coating solutions comprising external three layer polyethylene/polypropylene coating and dual layer fusion bonded epoxy coating products; and internal coating solutions, such as food grade epoxy / polyurethane / coal tar epoxy / cement lining, and other prevalent coatings. Further, it is also involved in the generation of power by windmills. The company serves oil and gas, thermal power, chemical, fertilizer, sugar, paper, automobile, aeronautics, refinery, nuclear power, petrochemical, water distribution, food and dairy, pharmaceutical, defense, infrastructure, ship building, pumping station, and space industries. The company was incorporated in 1983 and is based in Ahmedabad, India.