Ratnamani Metals

Why is Ratnamani Metals & Tubes Ltd falling/rising?

As of 01-Sep, Ratnamani Metals & Tubes Ltd's stock price is declining, currently at 2,608.25, due to poor financial performance, reduced investor participation, and high valuation relative to earnings. The stock has underperformed its sector and experienced significant drops in both delivery volume and profit metrics.

As of 01-Sep, Ratnamani Metals & Tubes Ltd's stock price is falling, currently at 2,608.25, reflecting a decrease of 51.7 points or 1.94%. This decline can be attributed to several factors highlighted in the recent performance data. <BR><BR>Today, the stock underperformed its sector by 2.04%, and it reached an intraday low of Rs 2,562.05, marking a drop of 3.68%. Additionally, the weighted average price indicates that more volume was traded closer to this low price, suggesting a lack of buying interest at higher levels. The delivery volume has also seen a significant decline, falling by 51.5% compared to the 5-day average, indicating reduced investor participation.<BR><BR>Financially, the company has reported negative results for the last three consecutive quarters, with a notable fall in operating profit of 3.96% and a year-on-year decrease in net sales of 13.5%. The profit after tax for the latest quarter has dropped by 33% compared to the previous four-quarter average. Furthermore, despite a high management efficiency reflected in a return on equity (ROE) of 16.14%, the company's valuation appears expensive with a price-to-book value of 4.5, which is above its peers' average historical valuations.<BR><BR>Overall, the combination of poor recent financial performance, declining investor participation, and high valuation relative to earnings is contributing to the stock's downward movement.

Which are the latest news on Ratnamani Metals?

Who are in the management team of Ratnamani Metals?

The management team of Ratnamani Metals includes P M Sanghvi (Chairman & Managing Director), J M Sanghvi (Joint Managing Director), S M Sanghvi (Whole-time Director), and several independent directors, along with the Company Secretary, Anil Maloo. They oversee the company's operations and strategic direction.

The management team of Ratnamani Metals includes the following key individuals:<BR><BR>1. **P M Sanghvi** - Chairman & Managing Director<BR>2. **J M Sanghvi** - Joint Managing Director<BR>3. **S M Sanghvi** - Whole-time Director<BR>4. **D C Anjaria** - Independent Director<BR>5. **V M Agrawal** - Independent Director<BR>6. **P M Mehta** - Independent Director<BR>7. **Nidhi G Gadhecha** - Independent Director<BR>8. **Anil Maloo** - Company Secretary & Compliance Officer<BR>9. **Sushil Solanki** - Independent Director<BR>10. **Dhinal A. Shah** - Independent Director<BR>11. **Rajesh G. Desai** - Independent Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Ratnamani Metals do?

Ratnamani Metals & Tubes Ltd is a small-cap company specializing in total piping solutions within the Iron & Steel Products industry. As of June 2026, it reported net sales of ₹972 Cr and a net profit of ₹82 Cr.

Overview: <BR>Ratnamani Metals & Tubes Ltd is a multi-product company providing total piping solutions in the Iron & Steel Products industry, categorized as a Small Cap.<BR><BR>History: <BR>Incorporated on September 15, 1985, Ratnamani Metals & Tubes Ltd has maintained its status as a Public Limited Company. The latest quarterly results reported net sales and profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 972 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 82 Cr (Quarterly Results - Jun 2026) <BR>Market cap: INR 18,155 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 42.00 <BR>Industry P/E: 25 <BR>Dividend Yield: 0.92% <BR>Debt Equity: -0.10 <BR>Return on Equity: 11.93% <BR>Price to Book: 4.47<BR><BR>Contact Details: <BR>Address: 17 Rajmugat Society, Naranpura Char Rasta Naranpura Ahmedabad Gujarat : 380013 <BR>Tel: 91-79-27415501-4 <BR>Email: info@ratnamani.com <BR>Website: http://www.ratnamani.com

Who are the peers of the Ratnamani Metals?

Ratnamani Metals' peers include Welspun Corp, APL Apollo Tubes, and Jindal Saw, among others. In terms of performance, Welspun Corp leads with a 1-year return of 182.61%, while Ratnamani Metals has a return of 11.30%.

Peers: The peers of Ratnamani Metals are Welspun Corp, APL Apollo Tubes, Shyam Metalics, Jindal Saw, Godawari Power, Usha Martin, Gallantt Ispat L, Jayaswal Neco, Mah. Seamless, and Technocraf.Inds.<BR><BR>Quality Snapshot: Excellent management risk is observed at APL Apollo Tubes, while Good management risk is found at Welspun Corp, Godawari Power, Usha Martin, and Ratnamani Metals. Average management risk is present at Shyam Metalics, Jindal Saw, Gallantt Ispat L, Jayaswal Neco, and Mah. Seamless. For Growth, Excellent growth is seen at APL Apollo Tubes, while Good growth is noted at Gallantt Ispat L, and the rest have Below Average or Average growth ratings. In terms of Capital Structure, Excellent capital structure is found at APL Apollo Tubes, Ratnamani Metals, Godawari Power, Usha Martin, and Mah. Seamless, while Average capital structure is noted at Jindal Saw and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Welspun Corp at 182.61%, while Gallantt Ispat L has the lowest at -1.62%. Ratnamani Metals has a 1-year return of 11.30%, which is significantly lower than Welspun Corp but higher than Gallantt Ispat L. Additionally, Godawari Power and Gallantt Ispat L have negative six-month returns.

How big is Ratnamani Metals?

As of 31st August, Ratnamani Metals & Tubes Ltd has a market capitalization of 18,155.00 Cr, with recent net sales of 4,313.97 Cr and a net profit of 432.88 Cr.

As of 31st August, Ratnamani Metals & Tubes Ltd has a market capitalization of 18,155.00 Cr, classifying it as a Small Cap company.<BR><BR>In the latest four quarters, Ratnamani Metals reported Net Sales of 4,313.97 Cr and a Net Profit of 432.88 Cr.<BR><BR>For the latest annual period ending in March 2026, the company reported Shareholder's Funds of 4,110.63 Cr and Total Assets of 5,384.91 Cr.

Should I buy, sell or hold Ratnamani Metals & Tubes Ltd?

When is the next results date for Ratnamani Metals & Tubes Ltd?

The next results date for Ratnamani Metals & Tubes Ltd is August 7, 2026.

The next results date for Ratnamani Metals & Tubes Ltd is scheduled for August 7, 2026.

Are Ratnamani Metals & Tubes Ltd latest results good or bad?

Ratnamani Metals & Tubes Ltd's latest results are concerning, with a 49.48% year-on-year decline in net profit and a 36.75% drop in net sales, leading to a negative stock reaction of 6.86%. Overall, these results indicate significant operational challenges and a deteriorating financial trend.

The latest results for Ratnamani Metals & Tubes Ltd are concerning. In Q4 FY26, the company reported a consolidated net profit of ₹104.65 crores, which represents a significant decline of 49.48% year-on-year and a 4.73% decrease from the previous quarter. Additionally, net sales fell sharply by 36.75% year-on-year to ₹1,084.82 crores, although there was a slight sequential increase of 1.78% from the previous quarter.<BR><BR>The operating margin also took a hit, dropping to 14.16%, the lowest level in eight quarters, indicating severe margin compression. This decline in profitability has raised questions about the company's ability to maintain its historically strong performance amid challenging market conditions and intense competition in the steel products sector.<BR><BR>The stock reacted negatively to these results, plunging 6.86% on the day they were announced, which reflects investor disappointment and concerns about the company's future prospects. Overall, the results can be characterized as bad, highlighting significant operational challenges and a deteriorating financial trend.

Is Ratnamani Metals overvalued or undervalued?

As of November 24, 2025, Ratnamani Metals is considered overvalued with a PE ratio of 26.74, an EV to EBITDA of 17.42, and a Price to Book Value of 4.19, all higher than its peers, while also underperforming the Sensex with a year-to-date return of -27.32%.

As of 24 November 2025, Ratnamani Metals has moved from a fair to an expensive valuation grade. The company appears overvalued based on its current financial metrics. Key ratios include a PE ratio of 26.74, an EV to EBITDA of 17.42, and a Price to Book Value of 4.19, all of which suggest a premium valuation compared to its peers.<BR><BR>In comparison to its industry, Ratnamani Metals' PE ratio is notably higher than that of Jindal Steel at 26.27 and Tata Steel at 27.72, both of which are considered fairly valued or attractive. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -27.32% compared to the Sensex's 8.65%, reinforcing the narrative of overvaluation.

How has been the historical performance of Ratnamani Metals?

Ratnamani Metals has shown consistent growth, with net sales increasing from ₹2,298.13 Cr in Mar'21 to ₹5,186.47 Cr in Mar'25, and profit after tax rising from ₹276.00 Cr to ₹541.57 Cr in the same period, indicating strong financial health and performance. Total assets also grew significantly, reflecting robust operational efficiency.

Answer:<BR>The historical performance of Ratnamani Metals shows a consistent growth trajectory in net sales and profits over the years.<BR><BR>Breakdown:<BR>Ratnamani Metals has demonstrated significant growth in net sales, increasing from 2,298.13 Cr in Mar'21 to 5,186.47 Cr in Mar'25. This upward trend is reflected in total operating income, which rose from 2,298.13 Cr in Mar'21 to 5,186.47 Cr in Mar'25. The company's total expenditure also increased, but at a slower pace, leading to an operating profit (PBDIT) that grew from 399.80 Cr in Mar'21 to 883.13 Cr in Mar'25. Profit before tax followed a similar pattern, climbing from 363.46 Cr in Mar'21 to 737.99 Cr in Mar'25, while profit after tax reached 541.57 Cr in Mar'25, up from 276.00 Cr in Mar'21. The company's total assets increased from 2,544.57 Cr in Mar'20 to 4,902.94 Cr in Mar'25, with total liabilities also rising but remaining manageable. Cash flow from operating activities improved significantly, reaching 536.00 Cr in Mar'25 compared to 215.00 Cr in Mar'20. Overall, Ratnamani Metals has shown robust financial health and growth in key performance metrics over the years.

Is Ratnamani Metals technically bullish or bearish?

As of 17 October 2025, Ratnamani Metals shows a mildly bearish trend with mixed signals, as the weekly MACD is mildly bullish while the monthly MACD remains bearish, indicating weak bearish sentiment but potential for longer-term recovery.

As of 17 October 2025, the technical trend for Ratnamani Metals has changed from bearish to mildly bearish. The current stance is mildly bearish with some mixed signals across different time frames. The weekly MACD is mildly bullish, but the monthly MACD remains bearish. The RSI shows no signal on the weekly chart while being bullish on the monthly. Bollinger Bands indicate a mildly bearish trend weekly and bearish monthly. Daily moving averages are also mildly bearish. KST is bearish on both weekly and monthly time frames. Dow Theory shows a mildly bearish stance weekly and mildly bullish monthly. Overall, the indicators suggest a weak bearish sentiment with some potential for recovery in the longer term.

Who are the top shareholders of the Ratnamani Metals?

The top shareholders of Ratnamani Metals include the M N Sanghvi Family Trust with 52.16%, mutual funds at 18.71%, Foreign Institutional Investors (FIIs) holding 11.62%, and individual investors with 8.14%. The largest public shareholder is the Kotak Emerging Equity Scheme, which owns 5.42%.

The top shareholders of Ratnamani Metals include the promoters, who hold a significant majority of the shares. Specifically, Prakash M. Sanghvi and Jayanti Mishrimal Sanghvi, representing the M N Sanghvi Family Trust, hold the highest stake at 52.16%. <BR><BR>In addition to the promoters, mutual funds collectively hold 18.71% of the shares through 18 different schemes. Foreign Institutional Investors (FIIs) own 11.62%, with 109 FIIs participating in the company's equity. The highest public shareholder is the Kotak Emerging Equity Scheme, which holds 5.42%. Individual investors also have a stake, accounting for 8.14% of the total shares.

What is the bonus history of the Ratnamani Metals?

Ratnamani Metals & Tubes Ltd issued a 1:2 bonus on June 30, 2022, meaning shareholders received one additional share for every two shares held, with a record date of July 1, 2022.

Ratnamani Metals & Tubes Ltd has a bonus history that includes a 1:2 bonus issue announced with an ex-date of June 30, 2022. The record date for this bonus was July 1, 2022. This means that for every two shares held, shareholders received one additional share as a bonus. If you have any more questions about the company or its financial activities, feel free to ask!

Has Ratnamani Metals declared dividend?

Ratnamani Metals & Tubes Ltd has declared a 700% dividend, amounting to ₹14 per share, with an ex-date of August 20, 2024. While recent total returns have been negative over shorter periods, longer-term performance shows significant growth.

Ratnamani Metals & Tubes Ltd has declared a 700% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 700%<BR>- Amount per share: 14 per share<BR>- Ex-date: 20 Aug 24<BR><BR>Dividend Yield: 0.5%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -14.39%, the dividend return was 0%, resulting in a total return of -14.39%.<BR><BR>Over the past year, the price return was -15.59%, the dividend return was 0.41%, leading to a total return of -15.18%.<BR><BR>In the 2-year period, the price return was 23.79%, the dividend return was 1.12%, which resulted in a total return of 24.91%.<BR><BR>For the 3-year period, the price return was 61.87%, the dividend return was 2.19%, culminating in a total return of 64.06%.<BR><BR>In the last 4 years, the price return was 116.4%, the dividend return was 3.67%, resulting in a total return of 120.07%.<BR><BR>Over the past 5 years, the price return was 369.79%, the dividend return was 7.12%, leading to a total return of 376.91%.<BR><BR>Overall, Ratnamani Metals has declared a significant dividend, but the recent total returns indicate a mixed performance, particularly in shorter time frames, while longer periods show substantial growth.