Ratnamani Metals & Tubes Ltd. (RATNAMANI) AI Stock Analysis

• Market Cap: ₹163.68B
• Dividend Yield: 0.6%
• Average Volume (3M): 1.28K
• Price to Earnings (P/E): 28.7
• Beta (1Y): 0.75
• Revenue Growth: 1.71%
• EPS Growth: -3.94%
• Country: IN
• Employees: 2,922
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Steel
• EPS (TTM): 19.75
• Shares Outstanding: 70,092,000
• 10 Day Avg. Volume: 1,147
• 30 Day Avg. Volume: 1,277
• PEG Ratio: -2.61
• Price to Book (P/B): 5.10
• Price to Sales (P/S): 3.57
• P/FCF Ratio: 89.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,598.00
• Price Target Upside: 11.94% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹2,598.00 ▲(11.94% Upside)

Ratnamani Metals & Tubes Ltd. has a solid financial foundation, but the bearish technical indicators and overvaluation concerns weigh down the overall score. The absence of earnings call data and corporate events further limits the assessment.

Ratnamani Metals & Tubes Ltd. Business Overview & Revenue Model

Company Description

Ratnamani Metals & Tubes Ltd. (RATNAMANI) is an Indian company specializing in the manufacturing of stainless steel and carbon steel pipes and tubes. The company serves a broad spectrum of industries, including oil and gas, refineries, petrochemicals, power, thermal and nuclear industries, and water distribution. With a commitment to quality and precision, Ratnamani Metals & Tubes Ltd. has established itself as a leader in its sector, offering a wide range of products designed to meet the diverse needs of its clientele.

How the Company Makes Money

Ratnamani Metals & Tubes Ltd. generates revenue primarily through the production and sale of stainless steel and carbon steel pipes and tubes. The company's key revenue streams include sales to various industries such as oil and gas, petrochemicals, and power generation, where the demand for high-quality, durable piping solutions is critical. Additionally, Ratnamani benefits from its strategic partnerships and long-term contracts with major industrial players, ensuring a steady flow of orders and consistent revenue. The company's ability to innovate and provide customized solutions also allows it to capture niche markets, further contributing to its financial performance.

Ratnamani Metals & Tubes Ltd. Financial Statement Overview

Summary

Ratnamani Metals & Tubes Ltd. demonstrates strong financial performance with consistent revenue growth and a robust balance sheet. The decrease in net profit margin and free cash flow due to capital expenditures slightly impacts the score.

Income Statement

Ratnamani Metals & Tubes Ltd. shows strong financial performance with a consistent increase in total revenue from 2020 to 2025. The gross profit margin has improved significantly, reaching 35% in 2025, indicating efficient cost management. The net profit margin is slightly lower in 2025 compared to 2024, due to a drop in net income, but remains healthy at 10.5%. Revenue growth is robust with a 2.52% increase from 2024 to 2025, reflecting consistent demand and market position.

Balance Sheet

The company's balance sheet is solid, with a decreasing debt-to-equity ratio reaching 0.04 in 2025, highlighting strong equity and low leverage risk. Return on Equity (ROE) is at a reasonable level of 14.95% in 2025, indicating effective use of equity. The equity ratio stands at 74.14%, showcasing robust financial stability and a strong asset base supported by equity.

Cash Flow

Cash flow statements reflect improving operational efficiency with an increasing operating cash flow, reaching INR 5.36 billion in 2025. The free cash flow, however, decreased by 27.31% from 2024 to 2025, indicating higher capital expenditures. The operating cash flow to net income ratio is strong at 0.99, suggesting good cash conversion from profits.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.86B	51.86B	50.59B	44.74B	31.22B	22.98B
Gross Profit	18.14B	18.14B	10.37B	14.17B	9.35B	7.61B
EBITDA	8.72B	8.24B	9.56B	7.98B	5.32B	4.42B
Net Income	5.44B	5.44B	6.23B	5.10B	3.23B	2.76B
Balance Sheet
Total Assets	49.06B	49.06B	40.20B	37.80B	29.62B	26.17B
Cash, Cash Equivalents and Short-Term Investments	4.05B	4.05B	2.96B	1.69B	1.75B	6.96B
Total Debt	1.57B	1.57B	1.53B	2.37B	1.57B	2.07B
Total Liabilities	12.41B	12.41B	8.04B	11.04B	7.14B	6.29B
Stockholders Equity	36.37B	36.37B	31.41B	26.04B	22.48B	19.88B
Cash Flow
Free Cash Flow	0.00	2.07B	2.85B	1.69B	-4.27B	4.16B
Operating Cash Flow	0.00	5.36B	4.98B	3.10B	-2.83B	5.46B
Investing Cash Flow	0.00	-3.97B	-1.45B	-2.08B	4.18B	-4.70B
Financing Cash Flow	0.00	-1.30B	-1.93B	-1.16B	-1.35B	-787.85M

Ratnamani Metals & Tubes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2320.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RATNAMANI, the sentiment is Negative. The current price of 2320.8 is below the 20-day moving average (MA) of 2590.87, below the 50-day MA of 2760.66, and below the 200-day MA of 2905.27, indicating a bearish trend. The MACD of -135.56 indicates Positive momentum. The RSI at 23.80 is Positive, neither overbought nor oversold. The STOCH value of 17.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RATNAMANI.

Ratnamani Metals & Tubes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHYAMMETL	74 Outperform	₹264.70B	28.54		0.42%	18.34%	-20.59%
KANSAINER	73 Outperform	₹192.91B	17.02		1.06%	0.95%	67.04%
WELCORP	71 Outperform	₹230.75B	11.45		0.57%	-12.29%	68.04%
MAHSEAMLES	65 Neutral	₹91.08B	10.37		1.46%	-1.30%	0.51%
KIOCL	60 Neutral	₹204.96B	―		―	-68.15%	-145.56%
RATNAMANI	57 Neutral	₹163.68B	28.68		0.60%	1.71%	-3.94%
Sector *	44 Neutral	AU$1.54B	-7.28	-26.52%	4.40%	-3.13%	-36.41%