Ratnamani Metals & Tubes Ltd
Ratnamani Metals & Tubes Ltd (RATNAMANI)

Ratnamani Metals & Tubes Ltd (RATNAMANI)

₹1737.050.37%

Key Stats

₹1716
Day's Price Range
₹1755
₹1237.07
52-Week Price Range
₹1913.7
1 Month Return4.16 %
3 Month Return15.87 %
1 Year Return24.88 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 136
24.97
EPS
Rank 22
₹69.05
BVPS
Rank 24
₹425.35
Dividend Yield
Rank 92
0.74%
ROE
Rank 86
14.94%
Price To Book Ratio
Rank 152
4.05
Debt To Asset
Rank 263
0.24

Company Information

Ratnamani Metals Tubes Limited RMTL a multiproduct multi location public limited company was incorporated on 15th September 1985 it providing total piping solutions to a diverse range of industries. Ratnamanis manufacturing facilities employ stateoftheart technology to produce a wide range of Stainless Steel Welded / Seamless Tubes Pipes and Carbon Steel Welded Pipes. The company caters to the niche markets of almost all the emerging sectors like oil and gas refineries petrochemicals process industries power plants and water distribution. All the plants of the company are situated in Gujarat alone. RMTL commenced its production as a twin smallscale unit of stainless steel welded pipes seamless tubes in the year of inception itself. During the year 1991 the company had established facilities for manufacturing stainless steel electric fusion welded EFW pipes. Again the company added one more production portfolio in the year 1995 commenced production of submerged arc welded SAW pipes. After two years in 1997 RMTL had received API 5L Monogramming License. During the year 1999 the companys production of stainless steel tubes for automobile exhaust systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001 the company accredited to ISO 9002 for quality management system under Lloyds Register Quality Assurance LRQA. RMTL had received AD 2000 Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes primary piping for nuclear reactors. Also RMTL made upgradation of ISO 9002 certification to ISO 90012000 under LRQA. During the year 2004 the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch Gujarat during the identical year of 2004. After a year in 2005 RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 200405 the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006 the company had obtained API Spec 5L approval for Kutch plant and in 2007 Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During the same year of 2007 RMTL became a Green Power Company by using 100 green power and awarded Export Trading House status by DGFT. CRISIL assigned ratings on RMTL as AA P1 it reflects the companys strong financial risk profile and leadership position in the stainless steel tubes and pipes SSTP segment which was assigned in March of the year 2008. In tune with the companys philosophy of continues innovation and upgradation RMTL has plans to add new products with higher sophistication and value addition enhancing companys capability to offer better and technologically advanced products.
OrganisationRatnamani Metals & Tubes Ltd
HeadquartersAhmedabad
IndustrySteel