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

• Market Cap: ₹171.08B
• Dividend Yield: 0.59%
• Average Volume (3M): 1.22K
• Price to Earnings (P/E): 30.0
• Beta (1Y): 0.76
• Revenue Growth: 9.51%
• EPS Growth: 14.31%
• Country: IN
• Employees: 2,922
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 19.40
• Shares Outstanding: 70,092,000
• 10 Day Avg. Volume: 852
• 30 Day Avg. Volume: 1,218
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Neutral
• Price Target: ₹2,658.00 ▲(11.97% Upside)

Ratnamani Metals & Tubes Ltd. has a strong financial foundation with consistent growth and low financial risk, which is the most significant factor in its score. However, the technical analysis presents mixed signals, and the valuation suggests the stock may be overvalued, which impacts the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term stability and competitiveness.

Balance Sheet Strength

A strong balance sheet with low leverage risk provides financial flexibility and resilience against market fluctuations.

Cash Flow Management

Efficient cash flow management ensures liquidity and supports ongoing investments, crucial for sustaining growth and operations.

Negative Factors

Earnings Decline

A decline in net income can pressure profitability, potentially impacting future investment capacity and shareholder returns.

Free Cash Flow Decrease

Reduced free cash flow may limit the company's ability to fund new projects or return capital to shareholders, affecting growth prospects.

EPS Growth Decline

Negative EPS growth indicates challenges in profit generation, which can affect investor confidence and long-term valuation.

Ratnamani Metals & Tubes Ltd. Business Overview & Revenue Model

Company Description

Ratnamani Metals & Tubes Ltd. (RATNAMANI) is a prominent Indian manufacturer specializing in the production of stainless steel and carbon steel pipes and tubes. Established in 1983, the company operates in various sectors including oil and gas, power, water treatment, and construction. RATNAMANI's core products encompass a wide range of seamless and welded pipes, tubes, and fittings that cater to diverse industrial applications, bolstered by its commitment to quality and innovation.

How the Company Makes Money

RATNAMANI generates revenue primarily through the sale of its steel pipes and tubes to various industries such as oil and gas, power generation, and infrastructure development. The company has multiple key revenue streams including the manufacturing of seamless and welded pipes, which are essential for transporting fluids and gases in critical applications. RATNAMANI benefits from long-term contracts with major companies in the oil and gas sector, providing stable income. Additionally, the company engages in exports, thereby diversifying its revenue sources. Strategic partnerships with leading players in the industry enhance its market presence and contribute to earnings. The demand for its products is further driven by infrastructure projects and government initiatives in sectors such as water supply and sanitation, which ensures a consistent flow of orders.

Ratnamani Metals & Tubes Ltd. Financial Statement Overview

Summary

Ratnamani Metals & Tubes Ltd. demonstrates strong financial performance with consistent revenue growth and profitability. The balance sheet is robust with low debt levels, and cash flow management is efficient, despite a decrease in free cash flow due to capital investments.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.54B	51.86B	50.59B	44.74B	31.39B	22.98B
Gross Profit	18.72B	18.14B	10.37B	9.67B	9.35B	7.61B
EBITDA	9.14B	8.24B	9.56B	7.98B	5.32B	4.42B
Net Income	5.71B	5.44B	6.23B	5.10B	3.23B	2.76B
Balance Sheet
Total Assets	0.00	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	6.92B
Total Debt	0.00	1.57B	1.53B	2.37B	1.57B	2.07B
Total Liabilities	-36.65B	12.41B	8.04B	11.04B	7.14B	6.29B
Stockholders Equity	36.65B	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: 2373.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 2373.95 is below the 20-day moving average (MA) of 2406.13, below the 50-day MA of 2403.84, and below the 200-day MA of 2578.11, indicating a bearish trend. The MACD of -15.60 indicates Positive momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 52.48 is Neutral, 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
KANSAINER	75 Outperform	₹200.96B	17.55	―	1.06%	1.06%	83.53%
RATNAMANI	70 Neutral	₹171.08B	29.98	―	0.59%	9.51%	14.31%
MAHSEAMLES	68 Neutral	₹76.83B	8.75	―	1.70%	0.81%	-7.11%
WELCORP	68 Neutral	₹243.82B	11.23	―	0.58%	-1.19%	96.91%
SHYAMMETL	66 Neutral	₹247.55B	26.69	―	0.78%	18.36%	13.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KIOCL	45 Neutral	₹257.99B	-127.89	―	―	-39.14%	-12.75%

Ratnamani Metals & Tubes Ltd. Corporate Events

Ratnamani Metals & Tubes Ltd. Launches Shareholder Engagement Campaign

Ratnamani Metals & Tubes Ltd. has announced a special initiative for shareholders, introducing a ‘Special Window’ for the re-lodgement of transfer requests of physical shares. Additionally, the company has launched a 100-day campaign named ‘Saksham Niveshak’ to update KYC information and engage shareholders to prevent the transfer of unpaid or unclaimed dividend amounts to the Investor Education and Protection Fund (IEPF). This initiative aims to enhance shareholder engagement and ensure compliance with regulatory requirements, potentially improving investor relations and safeguarding shareholder interests.