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Ratnamani Metals and Tubes Ltd

RATNAMANI

Ratnamani Metals and Tubes Ltd

RATNAMANI
IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹25,339 cr, stock is ranked 298
Moderate RiskStock is 2.46x as volatile as Nifty
3,558.900.18% (+6.35)
3,558.900.18% (+6.35)

Price Chart

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IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹25,339 cr, stock is ranked 298
Moderate RiskStock is 2.46x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsBuilding Products - Pipes
SmallcapWith a market cap of ₹25,339 cr, stock is ranked 298
Moderate RiskStock is 2.46x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
42.667.880.39%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.137.140.47%

Forecast & Ratings

Detailed Forecast 
60%
Analysts have suggested that investors can buy this stock

from 5 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ratnamani Metals and Tubes Limited is a holding company engaged in the manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 12.91%, vs industry avg of 13.98%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 5.68% to 5.56%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 19.75%, vs industry avg of 21.77%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,735.291,425.901,799.182,796.132,644.982,341.543,176.484,507.095,132.315,144.85
Raw Materialssubtract1,066.23918.911,235.461,937.291,750.181,359.842,324.633,086.083,438.944,212.98
Power & Fuel Costsubtract27.1021.9234.3240.2139.8842.7857.7082.6084.09
Employee Costsubtract100.1098.24109.18129.09145.50141.79159.14209.23257.77
Selling & Administrative Expensessubtract23.0416.2522.5223.0330.1022.4433.6241.9648.62
Operating & Other expensessubtract215.6699.5899.36218.77193.48331.4768.88279.15332.55
Depreciation/Amortizationsubtract56.7759.7060.6162.4258.5156.8580.2183.3497.5499.49
Interest & Other Itemssubtract5.996.079.8614.7720.9622.9021.3631.1945.1344.99
Taxes & Other Itemssubtract75.0961.1676.09117.6298.8287.46108.30183.06204.88193.33
EPS23.5820.5521.6536.0943.8839.3846.0372.8388.8584.75
DPS3.673.674.006.008.009.339.3312.0014.0012.00
Payout ratio0.160.180.180.170.180.240.200.160.160.14

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
IndustrialsBuilding Products - Pipes

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ratnamani Metals and Tubes Ltd40.697.880.39%
Astral Ltd93.1215.560.20%
APL Apollo Tubes Ltd60.9812.39—
Jindal SAW Ltd13.782.460.55%

Price Comparison

Compare RATNAMANI with any stock or ETF
Compare RATNAMANI with any stock or ETF
RATNAMANI
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding59.77%16.14%0.44%12.61%11.04%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun12.77%12.79%12.87%12.77%12.87%12.61%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ratnamani Metals and Tubes Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
2.7584%1.36%-0.03%31/71 (0)
Kotak Small Cap Fund - Growth - Direct Plan

Growth
1.9340%2.78%-0.09%5/80 (+1)
HSBC Small Cap Fund - Growth - Direct Plan

Growth
1.2194%1.79%-0.07%9/111 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

RATNAMANI has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.39%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹3.87 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 20, 2024

Final
Final | Div/Share: ₹14.00

Dividend/Share

₹14.00

Ex DateEx Date

Aug 20, 2024

Cash Dividend

Ex DateEx DateJul 27, 2023

Final
Final | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Jul 27, 2023

Cash Dividend

Ex DateEx DateAug 1, 2022

Final
Final | Div/Share: ₹9.33

Dividend/Share

₹9.33

Ex DateEx Date

Aug 1, 2022

Cash Dividend

Ex DateEx DateSep 17, 2021

Final
Final | Div/Share: ₹14.00

Dividend/Share

₹14.00

Ex DateEx Date

Sep 17, 2021

Cash Dividend

Ex DateEx DateMar 17, 2020

Interim
Interim | Div/Share: ₹12.00

Dividend/Share

₹12.00

Ex DateEx Date

Mar 17, 2020

News & Opinions
Spotlight
Ratnamani Metals & Tubes Ltd up for fifth session

Ratnamani Metals & Tubes Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 3849.35, up 0.76% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 25003.7. The Sensex is at 81679.08, up 0.19%. Ratnamani Metals & Tubes Ltd has risen around 6.92% in last one month. Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has risen around 1.88% in last one month and is currently quoting at 9028.2, up 1.08% on the day. The volume in the stock stood at 1.02 lakh shares today, compared to the daily average of 45465 shares in last one month.The PE of the stock is 46.52 based on TTM earnings ending June 24.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Ratnamani Metals & Tubes Ltd soars 0.59%, rises for fifth straight session

Ratnamani Metals & Tubes Ltd gained for a fifth straight session today. The stock is quoting at Rs 3667, up 0.59% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 25240.45. The Sensex is at 82401.53, up 0.32%. Ratnamani Metals & Tubes Ltd has risen around 1.22% in last one month. Meanwhile, Nifty Metal index of which Ratnamani Metals & Tubes Ltd is a constituent, has risen around 1.48% in last one month and is currently quoting at 9369.95, up 0.76% on the day. The volume in the stock stood at 12281 shares today, compared to the daily average of 46668 shares in last one month.The PE of the stock is 44.17 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ratnamani Metals & Tubes consolidated net profit declines 21.46% in the June 2024 quarter

Net profit of Ratnamani Metals & Tubes declined 21.46% to Rs 105.13 crore in the quarter ended June 2024 as against Rs 133.86 crore during the previous quarter ended June 2023. Sales rose 0.75% to Rs 1183.70 crore in the quarter ended June 2024 as against Rs 1174.93 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1183.701174.93 1 OPM %13.8617.56 - PBDT166.60204.93 -19 PBT140.35180.63 -22 NP105.13133.86 -21 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ratnamani Metals & Tubes to conduct board meeting

Ratnamani Metals & Tubes will hold a meeting of the Board of Directors of the Company on 13 August 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Ratnamani Metals & Tubes issue corporate guarantee of up to Rs 50 cr on behalf of subsidiary

2 months agoBusiness Standard
Corporate
Ratnamani Metals & Tubes issue corporate guarantee of up to Rs 50 cr on behalf of subsidiary

Ratnamani Metals & Tubes has issued a Corporate Guarantee to the extent not exceeding Rs 50 crore for credit facilities of Rs 48 crores and treasury facilities to the extent of Rs 7 crore subject to maximum utilisation of Rs 50 crore offered by YES Bank to Ratnamani Finow Spooling Solutions (RFSS), the subsidiary company.Powered by Capital Market - Live

2 months agoCapital Market - Live

Ratnamani Metals & Tubes Ltd spurts 1.68%, gains for third straight session

3 months agoBusiness Standard

Buy Ratnamani Metals and Tube; target of Rs 2950: Sharekhan

1 year agoMoneycontrol

Ratnamani Metals gains 2% after June quarter earnings

1 year agoMoneycontrol

Buy Ratnamani Metals and Tubes; target of Rs 2670: Sharekhan

1 year agoMoneycontrol