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Ratnamani Metals & Tubes Ltd (RATNAMANI)

₹3504.650.15%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 4 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 4 analysts offering long term price targets for Ratnamani Metals & Tubes Ltd. An average target of ₹3947.5

Source: S&P Global Market Intelligence

Ratnamani Metals & Tubes Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹3,465.05
    ₹3,561.95
  • 52 Week's Low

    52 Week's High

    ₹2,492.35
    ₹3,938.8
1 Month Return-0.19 %
3 Month Return+ 21.17 %
1 Year Return+ 35.73 %
Previous Close₹3,510.05
Open₹3,525.00
Volume21.08K
Upper Circuit-
Lower Circuit-
Market Cap₹24,602.64Cr

Key Statistics

P/E Ratio39.3
PEG Ratio2.44
Market Cap₹24,602.64 Cr
P/B Ratio5.13
EPS36.0866666666667

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth1.4%
Kotak Small Cap Direct GrowthKotak Small Cap Direct Growth2.87%
DSP Small Cap Fund Direct Plan GrowthDSP Small Cap Fund Direct Plan Growth2.03%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth1.85%
SBI Small Cap Fund Direct Plan GrowthSBI Small Cap Fund Direct Plan Growth0.97%

Company Information

Ratnamani Metals & Tubes Ltd is an Indian-based company established in 1989. It is a leading manufacturer and supplier of stainless steel and carbon steel pipes and tubes.

The company operates in two lines of business, namely, the manufacturing and supply of stainless steel and carbon steel pipes and tubes. It has a wide range of products such as stainless steel pipes and tubes, carbon steel pipes and tubes, alloy steel pipes and tubes, and structural steel pipes and tubes. Its popular brands include Ratnamani, Ratnamani Power, Ratnamani High Pressure, and Ratnamani Premium.

Share Price: ₹3504.65 per share as on 19 Jul, 2024 04:01 PM
Market Capitalisation: ₹24,602.64Cr as of today
Revenue: ₹1,495.71Cr as on March 2024 (Q1 24)
Net Profit: ₹193.12Cr as on March 2024 (Q1 24)
Listing date: 09 May, 2006
Chairperson Name: P M Sanghvi
OrganisationRatnamani Metals & Tubes Ltd
Headquarters
IndustrySteel
E-voting on sharesClick here to vote

Key events for Ratnamani Metals & Tubes Ltd

  • Ratnamani Metals & Tubes Ltd Up for Third Straight Session - 01 Jul, 2024

    Ratnamani Metals & Tubes Ltd stock is up 1.68% on the day, trading at Rs 3669.45 on NSE. The stock has gained 58.85% in the last year compared to a 24.81% spurt in NIFTY and a 57.15% spurt in the Nifty Metal index. The PE of the stock is 41.58 based on TTM earnings ending March 24.

  • Ratnamani Metals & Tubes' High P/E Ratio Raises Concerns - 29 Jun, 2024

    Ratnamani Metals & Tubes Ltd's high P/E ratio of 40.6x is causing concern among investors, as it is above the majority of other companies in India. While earnings growth has been strong recently, estimates suggest that future earnings may not be able to support such positive sentiment for long. Analysts predict a lower earnings outlook than what investors seem to expect.

  • Ratnamani Metals & Tubes Ltd up 3% on NSE - 24 Jun, 2024

    Ratnamani Metals & Tubes Ltd stock is up 3% on the day and has gained 55.72% in the last year, outperforming NIFTY and Nifty Metal index. The PE of the stock is 40.67 based on TTM earnings ending March 24.

  • Ratnamani Metals & Tubes Ltd's Debt Reduction and Solid Balance Sheet - 11 Jun, 2024

    Ratnamani Metals & Tubes had ₹1.42b of debt in March 2024, down from ₹2.24b a year before, with ₹2.96b in cash to offset that, resulting in ₹1.53b net cash. Its balance sheet looks solid as its total liabilities are equal to its liquid assets. Ratnamani Metals & Tubes grew its EBIT by 15% over the last year, increasing its ability to manage debt.

Insights on Ratnamani Metals & Tubes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, RATNAMANI stock has moved up by 21.2%

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 15.75% to 16.14% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 132.87 Cr → 192.16 Cr (in ₹), with an average increase of 30.9% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.14K Cr → 1.53K Cr (in ₹), with an average increase of 13.7% per quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, RATNAMANI has outperformed top 5 stocks with highest market-cap in Iron & Steel

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Bharat Forge Ltd has given 85.5% return, outperforming this stock by 49.7%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 59.77% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 12.87% to 12.61% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 11.22% to 11.02% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹1,495.71Cr
↑18.97%
Net Income
₹193.12Cr
↑45.43%
Net Profit Margin
12.91%
↑22.25%
2023Y/Y Change
Revenue
₹4,474.40Cr
↑42.55%
Net Income
₹512.28Cr
↑58.78%
Net Profit Margin
11.45%
↑11.38%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹3,573.70Cr
↑20.56%
Total Liabilities
₹874.94Cr
↑21.98%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹317.39Cr
↓216.80%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
59.77%
0.00
Foreign Institutions
12.61%
-2.00
Mutual Funds
16.14%
2.51
Retail Investors
11.02%
-1.79
Others
0.45%
15.95

Key Indicators

Ratnamani Metals & Tubes Ltd Valuation

Ratnamani Metals & Tubes Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.11x)

May 22, 2020

Industry (29.02x)

July 19, 2024

Today (39.30x)

July 19, 2024

Highest (58.52x)

June 6, 2022

LowHigh

Earnings and Dividends

  • Ratnamani Metals & Tubes Ltd Earnings Results

    Ratnamani Metals & Tubes Ltd’s net profit jumped 0.32% since last year same period to ₹192.16Cr in the Q4 2023-2024. On a quarterly growth basis, Ratnamani Metals & Tubes Ltd has generated 44.62% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Ratnamani Metals & Tubes Ltd Dividends May,2024

    In the quarter ending March 2024, Ratnamani Metals & Tubes Ltd has declared dividend of ₹14 - translating a dividend yield of 0.40%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Ratnamani Metals & Tubes Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Ratnamani Metals & Tubes Ltd (RATNAMANI) share price today is ₹3504.65

Ratnamani Metals & Tubes Ltd is listed on NSE

Ratnamani Metals & Tubes Ltd is listed on BSE

  • Today’s highest price of Ratnamani Metals & Tubes Ltd is ₹3561.95.
  • Today’s lowest price of Ratnamani Metals & Tubes Ltd is ₹3465.05.

PE Ratio of Ratnamani Metals & Tubes Ltd is 39.3

PE ratio = Ratnamani Metals & Tubes Ltd Market price per share / Ratnamani Metals & Tubes Ltd Earnings per share

Today’s traded volume of Ratnamani Metals & Tubes Ltd(RATNAMANI) is 21.08K.

Today’s market capitalisation of Ratnamani Metals & Tubes Ltd(RATNAMANI) is ₹24602.64Cr.

Ratnamani Metals & Tubes Ltd(RATNAMANIPrice
52 Week High
₹3938.8
52 Week Low
₹2492.35

Ratnamani Metals & Tubes Ltd(RATNAMANI) share price is ₹3504.65. It is down -11.02% from its 52 Week High price of ₹3938.8

Ratnamani Metals & Tubes Ltd(RATNAMANI) share price is ₹3504.65. It is up 40.62% from its 52 Week Low price of ₹2492.35

Ratnamani Metals & Tubes Ltd(RATNAMANIReturns
1 Day Returns
-5.4%
1 Month Returns
-0.19%
3 Month Returns
21.17%
1 Year Returns
35.73%