About
Ratnamani Metals & Tubes Limited engages in the manufacturing of stainless-steel pipes, tubes, and carbon steel pipes in India and internationally. The company offers stainless steel products, such as heat exchanger tubes, instrumentation seamless tubes, and stainless-steel pipes; nickel alloy seamless heat exchanger tubes; titanium welded tubes; carbon steel products, including ERW pipes and SAW pipes; pipe coating solutions; and spools, induction bends, fittings, hangers, and engineered support systems. It also provides boiler tubes, heat exchanger tubes, instrumentation tubes, coiled tubing, integral low finned tubes, hollow bars, and diameter electric fusion welded SS pipes, as well as carbon steel line and submerged arc welded pipes. In addition, the company is involved in the sale of power generated from windmills. It serves oil and gas, city gas distribution, slurry lines, water transportation, LNG, petrochemicals, thermal power, defense, aerospace, and nuclear and atomic energy industries. The company was incorporated in 1983 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap19,135 Cr
P/E43.60
Div Yield0.37 %
Book ValueβΉ586.00
52w HighβΉ3,345.00
52w LowβΉ1,900.00
Face ValueβΉ2.00
Quarterly Results
Rs. Crores Β· hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 972.00 | 1,085.00 | 1,066.00 | 1,192.00 | 1,152.00 | 1,715.00 | 1,316.00 | 971.00 | 1,184.00 | 1,496.00 | 1,257.00 | 1,131.00 | 1,175.00 |
| Expenses | 809.00 | 931.00 | 861.00 | 980.00 | 963.00 | 1,413.00 | 1,112.00 | 818.00 | 1,020.00 | 1,250.00 | 1,057.00 | 886.00 | 969.00 |
| Operating Profit | 162.00 | 154.00 | 205.00 | 211.00 | 188.00 | 302.00 | 204.00 | 154.00 | 164.00 | 246.00 | 200.00 | 245.00 | 206.00 |
| OPM % | 17.00 | 14.00 | 19.00 | 18.00 | 16.00 | 18.00 | 15.00 | 16.00 | 14.00 | 16.00 | 16.00 | 22.00 | 18.00 |
| Other Income | 18.00 | 41.00 | 13.00 | 27.00 | 30.00 | 9.00 | 19.00 | 20.00 | 12.00 | 39.00 | 15.00 | 11.00 | 9.00 |
| Depreciation | 36.00 | 35.00 | 33.00 | 32.00 | 32.00 | 29.00 | 27.00 | 26.00 | 26.00 | 25.00 | 25.00 | 24.00 | 24.00 |
| Interest | 6.00 | 6.00 | 7.00 | 7.00 | 11.00 | 7.00 | 7.00 | 14.00 | 10.00 | 12.00 | 13.00 | 11.00 | 10.00 |
| Profit before tax | 137.00 | 154.00 | 177.00 | 199.00 | 176.00 | 276.00 | 188.00 | 134.00 | 140.00 | 248.00 | 178.00 | 221.00 | 181.00 |
| Tax % | 22.00 | 25.00 | 24.00 | 22.00 | 28.00 | 26.00 | 29.00 | 26.00 | 25.00 | 22.00 | 25.00 | 26.00 | 25.00 |
| Net Profit | 107.00 | 116.00 | 135.00 | 156.00 | 127.00 | 203.00 | 133.00 | 99.00 | 106.00 | 193.00 | 133.00 | 164.00 | 135.00 |
| EPS in Rs | 11.72 | 14.93 | 15.67 | 19.43 | 18.81 | 29.55 | 18.73 | 14.32 | 15.00 | 27.42 | 18.96 | 23.38 | 19.10 |
Profit & Loss
Annual Β· Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,494.00 | 5,186.00 | 5,059.00 | 4,474.00 | 3,139.00 | 2,298.00 | 2,586.00 | 2,755.00 | 1,767.00 | 1,412.00 | 1,718.00 | 1,688.00 |
| Expenses | 3,736.00 | 4,363.00 | 4,162.00 | 3,699.00 | 2,644.00 | 1,898.00 | 2,159.00 | 2,348.00 | 1,501.00 | 1,155.00 | 1,431.00 | 1,388.00 |
| Operating Profit | 758.00 | 824.00 | 897.00 | 776.00 | 495.00 | 400.00 | 427.00 | 407.00 | 266.00 | 257.00 | 287.00 | 300.00 |
| OPM % | 17.00 | 16.00 | 18.00 | 17.00 | 16.00 | 17.00 | 16.00 | 15.00 | 15.00 | 18.00 | 17.00 | 18.00 |
| Other Income | 112.00 | 60.00 | 73.00 | 32.00 | 38.00 | 43.00 | 59.00 | 41.00 | 32.00 | 14.00 | 16.00 | 26.00 |
| Interest | 31.00 | 37.00 | 45.00 | 31.00 | 21.00 | 23.00 | 21.00 | 15.00 | 10.00 | 6.00 | 6.00 | 9.00 |
| Depreciation | 132.00 | 108.00 | 98.00 | 83.00 | 80.00 | 57.00 | 59.00 | 62.00 | 61.00 | 60.00 | 57.00 | 54.00 |
| Profit before tax | 706.00 | 738.00 | 828.00 | 694.00 | 431.00 | 363.00 | 406.00 | 371.00 | 228.00 | 205.00 | 240.00 | 262.00 |
| Tax % | 24.00 | 27.00 | 24.00 | 26.00 | 25.00 | 24.00 | 24.00 | 32.00 | 33.00 | 30.00 | 31.00 | 34.00 |
| Net Profit | 534.00 | 542.00 | 625.00 | 512.00 | 323.00 | 276.00 | 308.00 | 253.00 | 152.00 | 144.00 | 165.00 | 173.00 |
| EPS in Rs | 68.85 | 77.61 | 88.85 | 72.83 | 46.03 | 39.37 | 43.87 | 36.08 | 21.65 | 20.55 | 23.58 | 24.74 |
| Dividend Payout % | 15.00 | 18.00 | 16.00 | 16.00 | 20.00 | 24.00 | 18.00 | 17.00 | 18.00 | 18.00 | 16.00 | 15.00 |
Balance Sheet
Annual Β· Rs. Crores β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 14.00 | 14.00 | 14.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 4,097.00 | 3,623.00 | 3,127.00 | 2,590.00 | 2,239.00 | 1,978.00 | 1,700.00 | 1,513.00 | 1,299.00 | 1,178.00 | 1,036.00 | 900.00 |
| Borrowings | 318.00 | 157.00 | 153.00 | 237.00 | 157.00 | 207.00 | 252.00 | 65.00 | 79.00 | 0.00 | 23.00 | 39.00 |
| Other Liabilities | 957.00 | 1,108.00 | 726.00 | 939.00 | 557.00 | 422.00 | 584.00 | 465.00 | 360.00 | 226.00 | 250.00 | 279.00 |
| Total Liabilities | 5,385.00 | 4,903.00 | 4,020.00 | 3,780.00 | 2,962.00 | 2,617.00 | 2,545.00 | 2,053.00 | 1,747.00 | 1,414.00 | 1,319.00 | 1,227.00 |
| Fixed Assets | 1,611.00 | 1,348.00 | 1,164.00 | 1,122.00 | 875.00 | 865.00 | 500.00 | 440.00 | 445.00 | 448.00 | 446.00 | 425.00 |
| CWIP | 302.00 | 190.00 | 167.00 | 101.00 | 107.00 | 76.00 | 371.00 | 179.00 | 47.00 | 38.00 | 48.00 | 42.00 |
| Investments | 644.00 | 180.00 | 89.00 | 135.00 | 109.00 | 637.00 | 155.00 | 203.00 | 0.00 | 74.00 | 24.00 | 20.00 |
| Other Assets | 2,828.00 | 3,185.00 | 2,601.00 | 2,422.00 | 1,873.00 | 1,039.00 | 1,518.00 | 1,231.00 | 1,255.00 | 854.00 | 801.00 | 740.00 |
| Total Assets | 5,385.00 | 4,903.00 | 4,020.00 | 3,780.00 | 2,962.00 | 2,617.00 | 2,545.00 | 2,053.00 | 1,747.00 | 1,414.00 | 1,319.00 | 1,227.00 |
Cash Flows
Annual Β· Rs. Crores β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 936.00 | 536.00 | 511.00 | 310.00 | -283.00 | 546.00 | 215.00 | 554.00 | -73.00 | 134.00 | 155.00 | 148.00 |
| Cash from Investing Activity | -1,147.00 | -388.00 | -146.00 | -204.00 | 418.00 | -470.00 | -358.00 | -360.00 | 21.00 | -104.00 | -11.00 | -52.00 |
| Cash from Financing Activity | 59.00 | -130.00 | -193.00 | -116.00 | -135.00 | -79.00 | 47.00 | -56.00 | 42.00 | -28.00 | -179.00 | -74.00 |
| Net Cash Flow | -151.00 | 18.00 | 173.00 | -10.00 | 0.00 | -3.00 | -96.00 | 137.00 | -10.00 | 3.00 | -35.00 | 23.00 |
| Free Cash Flow | 452.00 | 230.00 | 302.00 | 173.00 | -427.00 | 417.00 | -83.00 | 389.00 | -142.00 | 69.00 | 94.00 | 65.00 |
| CFO/OP % | 147.00 | 87.00 | 82.00 | 59.00 | -33.00 | 151.00 | 75.00 | 170.00 | 0.00 | 81.00 | 77.00 | 78.00 |
Ratios
Annual Β· Days / % β latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82.00 | 89.00 | 68.00 | 82.00 | 70.00 | 64.00 | 52.00 | 61.00 | 115.00 | 110.00 | 83.00 | 48.00 |
| Inventory Days | 174.00 | 163.00 | 148.00 | 156.00 | 193.00 | 133.00 | 185.00 | 113.00 | 184.00 | 141.00 | 95.00 | 112.00 |
| Days Payable | 46.00 | 42.00 | 39.00 | 46.00 | 55.00 | 60.00 | 57.00 | 56.00 | 62.00 | 48.00 | 40.00 | 41.00 |
| Cash Conversion Cycle | 210.00 | 210.00 | 177.00 | 192.00 | 208.00 | 137.00 | 180.00 | 118.00 | 237.00 | 202.00 | 138.00 | 119.00 |
| Working Capital Days | 148.00 | 134.00 | 128.00 | 123.00 | 145.00 | 85.00 | 98.00 | 78.00 | 173.00 | 167.00 | 118.00 | 81.00 |
| ROCE % | 18.00 | 22.00 | 28.00 | 27.00 | 20.00 | 19.00 | 24.00 | 26.00 | 18.00 | 19.00 | 25.00 | β |
Corporate Actions
28 records| Action | Ex Date | Record Date | Ratio | Amount (βΉ) | Notes |
|---|---|---|---|---|---|
| Dividend | 11 Aug 2026 | 11 Aug 2026 | β | 10.00 | |
| Dividend | 02 Sep 2025 | 02 Sep 2025 | β | 14.00 | |
| Dividend | 20 Aug 2024 | β | β | 14.00 | |
| Dividend | 27 Jul 2023 | β | β | 12.00 | |
| Dividend | 01 Aug 2022 | β | β | 9.33 | |
| Bonus | 30 Jun 2022 | 01 Jul 2022 | 1:2 | β | |
| Dividend | 17 Sep 2021 | β | β | 14.00 | |
| Other | 19 Aug 2020 | β | β | β | Annual General Meeting |
| Dividend | 17 Mar 2020 | 18 Mar 2020 | β | 12.00 | |
| Dividend | 01 Aug 2019 | β | β | 9.00 | |
| Dividend | 01 Aug 2018 | β | β | 6.00 | |
| Dividend | 04 Sep 2017 | β | β | 5.50 | |
| Other | 12 Aug 2016 | β | β | β | Annual General Meeting |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | β | 5.50 | |
| Dividend | 15 Sep 2015 | β | β | 5.50 | |
| Dividend | 04 Sep 2014 | β | β | 4.50 | |
| Dividend | 01 Aug 2013 | β | β | 4.00 | |
| Dividend | 13 Sep 2012 | β | β | 3.00 | |
| Dividend | 04 Aug 2011 | β | β | 2.50 | |
| Dividend | 18 Aug 2010 | β | β | 2.20 | |
| Dividend | 03 Sep 2009 | β | β | 1.80 | |
| Other | 03 Sep 2009 | β | β | β | Agm/Div-Fin 1.40+Spl 0.40 |
| Split | 06 Nov 2008 | 14 Nov 2008 | 10:2 | β | |
| Dividend | 11 Sep 2008 | β | β | 7.00 | NSE/BSE dividend mismatch: NSE=1.4; BSE=7.0 |
| Dividend | 11 Sep 2008 | β | β | 1.40 | NSE/BSE dividend mismatch: NSE=1.4; BSE=7.0 |
| Dividend | 23 Aug 2007 | β | β | 5.00 | |
| Dividend | 31 Aug 2006 | β | β | 2.50 | |
| Dividend | 03 Sep 2001 | β | β | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results β Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update11 Jun 2025 from crisil
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Rating update15 Mar 2024 from crisil
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Rating update6 Jan 2023 from crisil
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Rating update14 Oct 2021 from crisil
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Rating update29 Sep 2021 from crisil
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Rating update22 Jul 2020 from crisil