Ratnamani Metals & Tubes Ltd

BSE: RATNAMANI520111ISIN INE703B01027

Industrials
Iron & Steel Products
BSE 1000

BSE listing

Share price

₹2,862.75+172.35 (+6.41%)

as of 18 Sep 2026

52W high: ₹3,342.35
52W low: ₹1,900.05
Off 52W high: -14.35%
1M return: +24.69%
3M return: +3.62%
6M return: +23.87%
1Y return: +15.42%
20D avg volume: 8,309
50 DMA: ₹2,525.67
200 DMA: ₹2,438.38

Key ratios Consolidated

Market cap: ₹20,066 Cr
Current price: ₹2,862.75
52W high / low: ₹3,342.35 / ₹1,900.05
Face value: ₹2.00
P/E: 39.01
P/B: —
EPS (TTM): ₹73.38
Book value / share: —
ROE: —
ROCE: 16.30%
Operating margin: —
Net margin: —
Debt / equity: 0.07
Net debt: ₹230.37 Cr
Interest cover: 23.54
Dividend yield: 0.35%
Dividend / share (TTM): ₹10.00
Payout: 13.63%
Cash conversion cycle: 158.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	971.63	1,085	1,066	1,192	1,152	1,715	1,316	971.33	1,184	1,496	1,257	1,131
	17.59	33.58	31.17	26.91	30.29	9.11	18.69	19.54	12.28	38.81	15.21	10.68
	851.82	972.18	901.72	1,019	1,006	1,448	1,147	857.28	1,056	1,287	1,094	920.77
	747.25	558.92	720.37	568.69	785.76	926.49	766.47	719.45	856.52	970.80	929.74	729.92
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	89.95	92.90	94.75	90.41	86.91	87.53	79.88	74.21	71.68	65.19	65.10	60.55
	6.17	6.29	7.38	6.67	10.99	6.67	7.47	13.57	9.72	11.73	12.71	10.83
	36.21	34.69	33.22	32.03	31.67	28.64	26.94	25.89	26.25	24.96	24.70	23.59
	187.69	195.97	162.15	163.00	169.94	205.34	177.32	143.67	151.28	159.89	155.09	131.84
	137.41	146.23	195.28	199.44	175.78	275.94	188.12	133.59	140.35	247.79	178.13	221.12
	0.00	7.81	-18.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	137.41	154.03	177.08	199.44	175.78	275.94	188.12	133.59	140.35	247.79	178.13	221.12
	30.38	38.13	41.70	43.40	48.65	72.78	54.94	34.23	34.47	54.68	45.34	56.78
	107.03	115.91	135.38	156.04	127.14	203.16	133.18	99.35	105.88	193.12	132.79	164.33
	11.72	14.94	15.67	19.43	18.81	28.99	19.00	14.17	15.11	27.55	18.94	23.45
Key metrics
	179.79	195.01	217.68	238.14	218.44	311.25	222.53	173.05	176.32	284.48	215.54	255.54
	18.50%	18.00%	20.40%	20.00%	19.00%	18.10%	16.90%	17.80%	14.90%	19.00%	17.10%	22.60%
	11.00%	10.70%	12.70%	13.10%	11.00%	11.80%	10.10%	10.20%	8.90%	12.90%	10.60%	14.50%
	—	3.50%	—	5.00%	—	7.20%	—	—	—	—	—	—
	-15.60%	-36.80%	-19.00%	22.70%	-2.70%	14.70%	4.70%	-14.10%	—	—	—	—
	-15.80%	-42.90%	1.70%	57.10%	20.10%	5.20%	0.30%	-39.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	4,314	4,494	5,186	5,059	4,474	3,139	2,298	2,583	2,755	1,790
	109.25	121.95	59.62	73.21	32.69	37.70	43.41	61.84	41.23	32.42
	3,745	3,899	4,508	4,305	3,814	2,746	1,978	2,239	2,426	1,594
	2,595	2,634	3,269	3,439	3,086	2,325	1,360	1,750	1,937	1,235
	0.00	0.00	0.00	—	—	—	—	—	—	—
	368.01	364.97	313.30	257.77	209.23	159.14	141.79	145.50	129.09	109.17
	26.51	31.34	37.43	45.12	31.19	21.36	22.90	20.96	14.77	9.86
	136.15	131.60	107.72	97.54	83.34	80.21	56.85	58.51	62.42	—
	708.81	691.05	677.61	574.57	544.13	380.95	285.15	317.34	315.27	250.97
	678.36	716.74	737.99	827.67	693.54	430.94	363.46	406.37	370.55	227.86
	-10.39	-10.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	667.96	706.34	737.99	827.67	693.54	430.94	363.46	406.37	370.55	227.86
	153.61	171.88	196.42	202.57	181.26	108.30	87.46	98.82	117.63	76.09
	514.36	534.47	541.57	625.10	512.28	322.64	276.00	307.54	252.92	151.77
	61.76	68.85	77.27	89.18	73.09	69.05	59.07	65.82	54.13	—
Key metrics
	830.62	869.28	883.14	970.33	808.07	532.51	443.21	485.84	447.74	237.72
	19.25%	19.30%	17.00%	19.20%	18.10%	17.00%	19.30%	18.80%	16.30%	13.30%
	11.92%	11.90%	10.40%	12.40%	11.40%	10.30%	12.00%	11.90%	9.20%	8.50%
	—	16.30%	19.80%	—	—	—	—	—	—	—
	—	-13.40%	2.50%	13.10%	42.60%	36.60%	-11.00%	-6.20%	53.90%	—
	—	-1.30%	-13.40%	22.00%	58.80%	16.90%	-10.30%	21.60%	66.60%	—
	—	450.76	207.14	—	—	—	—	—	—	—
	—	1.75	0.99	—	—	—	—	—	—	—
	—	0.07	0.04	—	—	—	—	—	—	—
	—	230.37	-84.65	—	—	—	—	—	—	—
	—	158.1	162.8	—	—	—	—	—	—	—
Balance sheet
	—	5,388	4,906	—	—	—	—	—	—	—
	—	3,406	3,303	—	—	—	—	—	—	—
	—	73.90	225.22	—	—	—	—	—	—	—
	—	1,013	1,265	—	—	—	—	—	—	—
	—	1,275	1,506	—	—	—	—	—	—	—
	—	119.74	97.53	—	—	—	—	—	—	—
	—	1,589	1,323	—	—	—	—	—	—	—
	—	340.48	458.12	—	—	—	—	—	—	—
	—	868.86	997.18	—	—	—	—	—	—	—
	—	304.27	140.57	—	—	—	—	—	—	—
	—	141.13	75.69	—	—	—	—	—	—	—
	—	163.14	64.88	—	—	—	—	—	—	—
	—	4,208	3,665	—	—	—	—	—	—	—
Cash flow
	—	936.01	536.22	—	—	—	—	—	—	—
	—	-1,148	-397.12	—	—	—	—	—	—	—
	—	59.22	-130.18	—	—	—	—	—	—	—
	—	485.25	329.08	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	740.78	893.00	794.33	939.56	1,062	1,575	1,294	897.51	1,110	1,424	1,199	1,072
	25.43	27.68	28.59	33.81	35.02	37.96	13.64	19.50	12.22	12.59	13.21	12.64
	692.75	802.70	686.90	829.19	902.08	1,311	1,107	780.07	983.24	1,215	1,033	857.86
	679.39	466.81	561.64	499.14	717.36	847.51	706.74	674.36	815.67	933.24	892.97	695.77
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	72.33	75.04	78.20	74.11	73.35	73.87	68.08	62.29	61.44	55.97	56.47	52.45
	1.31	2.30	1.05	2.59	4.27	3.94	4.19	9.14	4.93	9.41	7.02	6.21
	30.41	29.05	27.97	26.92	27.01	24.27	22.96	22.05	22.50	21.24	21.10	20.30
	144.59	139.47	120.70	121.28	147.41	175.32	156.42	126.60	133.93	143.13	140.06	117.65
	73.46	117.98	136.02	144.18	195.34	301.43	200.43	136.94	139.31	222.34	179.08	226.34
	0.00	7.81	-18.20	0.00	0.00	0.00	—	—	—	—	—	—
	73.46	125.79	117.82	144.18	195.34	301.43	200.43	136.94	139.31	222.34	179.08	226.34
	19.40	32.89	29.91	35.99	50.38	76.69	54.88	34.48	34.05	54.17	44.60	56.98
	54.06	92.90	87.90	108.19	144.96	224.74	145.55	102.46	105.25	168.16	134.47	169.36
	7.71	13.25	12.54	15.44	20.68	32.06	20.76	14.62	15.02	23.99	19.19	24.16
Key metrics
	105.18	157.14	146.84	173.69	226.62	329.64	227.58	168.13	166.74	252.99	207.20	252.85
	14.20%	17.60%	18.50%	18.50%	21.30%	20.90%	17.60%	18.70%	15.00%	17.80%	17.30%	23.60%
	7.30%	10.40%	11.10%	11.50%	13.60%	14.30%	11.30%	11.40%	9.50%	11.80%	11.20%	15.80%
	—	3.00%	—	3.70%	—	8.00%	—	—	—	—	—	—
	-30.30%	-43.30%	-38.60%	4.70%	-4.30%	10.60%	7.90%	-16.20%	—	—	—	—
	-62.70%	-58.70%	-39.60%	5.60%	37.70%	33.60%	8.20%	-39.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	3,368	3,689	4,876	4,807	4,370	3,139	2,298	2,583	2,755	1,790
	115.51	125.09	83.31	46.49	31.20	37.55	43.41	61.84	41.23	32.42
	3,012	3,221	4,181	4,044	3,707	2,746	1,978	2,239	2,426	1,594
	2,207	2,245	3,044	3,299	3,026	2,325	1,360	1,750	1,937	1,235
	0.00	0.00	0.00	—	—	—	—	—	—	—
	299.68	300.69	265.69	224.32	194.41	157.92	140.83	144.81	129.09	109.18
	7.25	10.21	22.19	27.18	22.98	21.36	22.90	20.96	14.77	9.86
	114.35	110.96	91.77	83.59	76.48	80.21	56.85	58.51	62.42	60.61
	526.04	528.86	592.27	514.23	522.88	382.26	286.19	318.09	315.26	250.95
	471.64	593.52	778.11	809.75	693.84	430.69	363.38	406.30	370.56	227.88
	-10.39	-10.40	0.00	—	—	—	—	—	—	—
	461.25	583.13	778.11	809.75	693.84	430.69	363.38	406.30	370.56	227.88
	118.19	149.17	200.10	201.15	179.81	108.30	87.48	98.81	117.63	76.09
	343.05	433.95	578.01	608.61	514.03	322.39	275.90	307.50	252.93	151.79
	48.94	61.91	82.46	86.83	73.34	68.99	59.04	65.81	54.13	—
Key metrics
	582.85	704.30	892.07	920.52	793.30	532.26	443.13	485.77	447.75	298.35
	17.31%	19.10%	18.30%	19.20%	18.20%	17.00%	19.30%	18.80%	16.30%	16.70%
	10.19%	11.80%	11.90%	12.70%	11.80%	10.30%	12.00%	11.90%	9.20%	8.50%
	—	14.10%	20.90%	—	—	—	—	—	—	—
	—	-24.30%	1.40%	10.00%	39.20%	36.60%	-11.00%	-6.20%	53.90%	—
	—	-24.90%	-5.00%	18.40%	59.40%	16.90%	-10.30%	21.60%	66.60%	—
	—	676.10	271.33	—	—	—	—	—	—	—
	—	2.25	0.90	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-65.54	-219.76	—	—	—	—	—	—	—
	—	164.1	164.8	—	—	—	—	—	—	—
Balance sheet
	—	4,632	4,607	—	—	—	—	—	—	—
	—	2,877	3,122	—	—	—	—	—	—	—
	—	65.54	219.76	—	—	—	—	—	—	—
	—	826.01	1,293	—	—	—	—	—	—	—
	—	991.51	1,240	—	—	—	—	—	—	—
	—	60.96	160.84	—	—	—	—	—	—	—
	—	1,275	1,094	—	—	—	—	—	—	—
	—	158.59	331.97	—	—	—	—	—	—	—
	—	429.08	782.31	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	4,081	3,709	—	—	—	—	—	—	—
Cash flow
	—	976.11	520.99	—	—	—	—	—	—	—
	—	-1,025	-345.46	—	—	—	—	—	—	—
	—	-105.93	-160.09	—	—	—	—	—	—	—
	—	300.01	249.66	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -5.49%
Sales CAGR 5Y: +9.93%
Sales CAGR 10Y: —
Profit CAGR 3Y: -5.49%
Profit CAGR 5Y: +9.48%
Profit CAGR 10Y: —
Sales YoY (TTM): -30.25%
Profit YoY (TTM): -44.46%

Consolidated

Sales CAGR 3Y: +0.15%
Sales CAGR 5Y: +14.35%
Sales CAGR 10Y: —
Profit CAGR 3Y: +1.42%
Profit CAGR 5Y: +14.13%
Profit CAGR 10Y: —
Sales YoY (TTM): -16.31%
Profit YoY (TTM): -8.61%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 59.77%

Holder	Type	Holding	Previous	Change
M N Sanghvi Family Trust (Trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi)	Promoter Group	52.16%	—	—
Kotak Midcap Fund	Public	4.79%	—	—
Icici Prudential Multi-Asset Fund	Public	4.76%	—	—
Nalanda India Fund Limited	Public	3.85%	—	—
Sanghvi Prakashmal Mishrimal, HUF (Karta: Prakash M. Sanghvi)	Promoter	3.42%	—	—
Sbi Small Cap Fund	Public	3.04%	—	—
Nalanda India Equity Fund Limited	Public	2.97%	—	—
Chunilal Fojaji Sanghvi	Public	2.33%	—	—
Hsbc Mutual Fund - Hsbc Small Cap Fund	Public	2.31%	—	—
Jayantilal M Sanghvi, HUF (Karta: Jayanti Mishrimal Sanghvi)	Promoter	1.45%	—	—
Mirae Asset Infrastructure Fund	Public	1.09%	—	—
Sanghvi Shantilal Mishrimal, HUF (Karta Shantilal M. Sanghvi)	Promoter	0.99%	—	—
Pavankumar Mishrimal Sanghvi, HUF (Karta: Pawankumar M. Sanghvi)	Promoter	0.99%	—	—
Arunaben C. Sanghvi & Prakash M. Sanghvi	Promoter	0.38%	—	—
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi	Promoter	0.14%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Credit Rating to the Long Term and Short Term Bank Loan facilities by CRISIL Ratings Limited.10 Sep 2026 · Company Update / Credit Rating
ESG RATING BY CRISIL ESG RATINGS & ANALYTICS LIMITED31 Aug 2026 · Company Update / General
INTIMATION FOR RECEIPT OF NEW EXPORT ORDERS BY THE SUBSIDIARY COMPANY NAMELY RATNAMANI FINOW SPOOLING SOLUTIONS PRIVATE LIMITED.24 Aug 2026 · Company Update / Award of Order / Receipt of Order
MINUTES OF THE 42ND ANNUAL GENERAL MEETING HELD ON AUGUST 18, 2026 AT 10.30 AM22 Aug 2026 · AGM/EGM / AGM
Consolidated Scrutinizer''s Report on the remote e-Voting result19 Aug 2026 · AGM/EGM / AGM
PROCEEDINGS OF 42ND ANNUAL GENERAL MEETING HELD ON TUESDAY, AUGUST 18, 2026 HELD AT 10.30 A.M.18 Aug 2026 · AGM/EGM / AGM
Newspaper Advertisement of information to access the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 20268 Aug 2026 · Company Update / Newspaper Publication
Investor Presentation7 Aug 2026 · Company Update / Investor Presentation
FINANCIAL RESULTS FOR THE QUARTER ENDED ON JUNE 30, 20267 Aug 2026 · Result / Financial Results
Pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015, please find enclosed herewith the Unaudited Financial Results (Standalone and Consolidated) along with the Limited Review ....7 Aug 2026 · Board Meeting / Outcome of Board Meeting
Publication of Newspaper Advertisement for the attention of the Shareholders of the Company for Second Special Window for transfer and dematerialization of physical shares of the Company.6 Aug 2026 · Company Update / Newspaper Publication
UPDATION IN CLOSURE OF TRADING WINDOW29 Jul 2026 · Insider Trading / SAST / Closure of Trading Window
Ratnamani Metals & Tubes Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve Pursuant to Regulation ....29 Jul 2026 · Board Meeting / Board Meeting
Newspaper Publication.23 Jul 2026 · Company Update / Newspaper Publication
Notice calling 42nd Annual General Meeting of Ratnamani Metals and Tubes Limited21 Jul 2026 · AGM/EGM / AGM
Submission of Annual Report for the FY 2025-26 and the Notice convening 42nd Annual General Meeting of the Company21 Jul 2026 · Others / Reg. 34 (1) Annual Report
BRSR REPORT FOR THE YEAR 2025-2614 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Certificate under Reg 74(5) of SEBI (D & P) Regulation.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window.24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
INTIMATION FOR SUBSCRIPTION OF EQUITY SHARES IN THE SUBSIDIARY RATNAMANI MIDDLE EAST COMPANY LLC, DAMMAM, KINGDOM OF SAUDI ARABIA (KSA)23 Jun 2026 · Company Update / General
Intimation of Record date for E-voting, payment of dividend, if declared at the ensuing 42nd Annual General meeting scheduled to be held on August 18, 2026.17 Jun 2026 · Corp. Action / Record Date
Cut off date/ Record date for remote e-voting for the ensuing 42nd Annual General meeting scheduled to be held on August 18, 2026.17 Jun 2026 · Company Update / General
Publication of Newspaper advertisement for attention of Shareholders about forthcoming 42nd Annual General Meeting, for updation of their Email address, PAN, Mobile Number, Choice of Nomination, ....11 Jun 2026 · Company Update / Newspaper Publication
Communication to the Shareholders of the Company for deduction of TDS on Dividend payment during the FY 2026-27 and updation of KYC details.10 Jun 2026 · Company Update / General
NEWSPAPER PUBLICATION FOR ATTENTION OF SHAREHOLDERS OF THE COMPANY4 Jun 2026 · Company Update / Newspaper Publication
Enclosed please find herewith the Analyst meet transcript held on 18-05-202620 May 2026 · Company Update / Earnings Call Transcript
As informed by the Company vide its letter dated May 13, 2026, that the Company has arranged a Conference Call on Monday, May 18, 2026 at 4.00 P.M. IST to discuss the Financial Results ....18 May 2026 · Company Update / Analyst / Investor Meet
Investor Presentation post announcement of Audited Annual Financial Results for the year ended on March 31, 2026.16 May 2026 · Company Update / Investor Presentation
NEWSPAPER PUBLICATION OF AUDITED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED ON MARCH 31, 202616 May 2026 · Company Update / Newspaper Publication
Re-appointment of Internal Auditors and Cost Auditors for the financial year 2026-27, at the Board meeting held on May 15, 2026.15 May 2026 · Company Update / Change in Management
Corporate Action for payment of Final Dividend for the year 2025-26.15 May 2026 · Corp. Action / Dividend
The Board of Directors at its meeting held on May 15, 2026, declared Final Dividend for the year 2025-26 @ of Rs.10/- per Equity Share of Rs.2/- each.15 May 2026 · Corp Action / Dividend Updates
Audited Financial Results (Standalone and Consolidated) for the quarter and year ended on March 31, 2026.15 May 2026 · Result / Financial Results
Outcome of Board Meeting.15 May 2026 · Board Meeting / Outcome of Board Meeting
We hereby inform you that a Conference Call with the management of Company is scheduled to be held on Monday, May 18, 2026, at 4.00 P.M. IST to discuss the Financial Results of the 4th ....13 May 2026 · Company Update / Analyst / Investor Meet
UPDATE AND REVISION IN CLOSURE OF TRADING WINDOW ON ACCOUNT OF FIXATION OF DATE OF BOARD MEETING11 May 2026 · Insider Trading / SAST / Closure of Trading Window
Ratnamani Metals & Tubes Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2026 ,inter alia, to consider and approve Pursuant to Regulation ....11 May 2026 · Board Meeting / Board Meeting
ANNUAL SECRETARIAL COMPLIANCE REPORT11 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
NEWSPAPER PUBLICATION UNDER SECTION 124(6) OF THE COMPANIES ACT, 2013 AND RULES MADE THEREUNDER1 May 2026 · Company Update / Newspaper Publication
NEWSPAPER PULIBCATION FOR INFORMATION OF THE SHAREHOLDERS/ MEMBERS OF THE COMPANY6 Apr 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 10.0000	11 Aug 2026	11 Aug 2026	—
Final Dividend - Rs. - 14.0000	2 Sep 2025	2 Sep 2025	—
Final Dividend - Rs. - 14.0000	20 Aug 2024	—	—

Board meetings

7 Aug 2026 Board Meeting - Financial Results