Analyst Rating
based on 5 analysts
60.00%
Buy
40.00%
Hold
0.00%
Sell
Based on 5 analysts offering long term price targets for Ratnamani Metals & Tubes Ltd. An average target of ₹3974
Source: S&P Global Market Intelligence
Ratnamani Metals & Tubes Ltd Share analysis
Ratnamani Metals & Tubes Ltd price forecast by 5 analysts
Upside of5.16%
High
₹4089
Target
₹3974.00
Low
₹3832
Ratnamani Metals & Tubes Ltd target price ₹3974, a slight upside of 5.16% compared to current price of ₹3718.3. According to 5 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Ratnamani Metals & Tubes Ltd revenue growth forecast
Expected growth rate Q1, FY2026:23.87%
Forecast
Actual
Including amortisation and stock based compensations
Ratnamani Metals & Tubes Ltd EPS growth forecast
EPS estimate Q1, FY2026:37.20%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹3,686.3₹3,81352 Week's Low
52 Week's High
₹2,510.15₹3,978.5
| Returns % | |
| 1 Month Return | + 7.96 % |
| 3 Month Return | + 10.48 % |
| 1 Year Return | + 41.13 % |
| Market Stats | |
| Previous Close | ₹3,779.00 |
| Open | ₹3,810.00 |
| Volume | 1.24L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹26,487.77Cr |
Key Statistics
| P/E Ratio | 44.43 |
| PEG Ratio | 8.68 |
| Market Cap | ₹26,487.77 Cr |
| P/B Ratio | 6.07 |
| EPS | 89.18 |
| Dividend Yield | 0.5 |
| Sector | Steel |
| ROE | 20.56 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹26,487.77 Cr | 103.64% | 0.51 | ₹625 Cr | ₹5,059 Cr | |
| NA | ₹30,790.04 Cr | 152.81% | 0.60 | ₹295 Cr | ₹1,717 Cr | |
| BUY | ₹24,901.35 Cr | 27.43% | 0.51 | ₹1,029 Cr | ₹13,195 Cr | |
| BUY | ₹62,284.59 Cr | 412.85% | 0.62 | ₹2,693 Cr | ₹38,562 Cr | |
| HOLD | ₹7,950.17 Cr | 44.77% | 0.52 | ₹248 Cr | ₹1,038 Cr |
Company Information
The company operates in two lines of business, namely, the manufacturing and supply of stainless steel and carbon steel pipes and tubes. It has a wide range of products such as stainless steel pipes and tubes, carbon steel pipes and tubes, alloy steel pipes and tubes, and structural steel pipes and tubes. Its popular brands include Ratnamani, Ratnamani Power, Ratnamani High Pressure, and Ratnamani Premium.
Share Price: ₹3718.30 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹26,487.77Cr as of today
Revenue: ₹1,183.70Cr as on June 2024 (Q2 24)
Net Profit: ₹105.88Cr as on June 2024 (Q2 24)
Listing date: 09 May, 2006
Chairperson Name: P M Sanghvi
| Organisation | Ratnamani Metals & Tubes Ltd |
| Headquarters | |
| Industry | Steel |
| E-voting on shares | Click here to vote |
Key events for Ratnamani Metals & Tubes Ltd
Ratnamani Metals Downgraded to Hold Amid Weak Q1 Results - 19 Aug, 2024
Ratnamani Metals reported a Q1 PAT of Rs. 106 crore, down 22% year-on-year and 45% quarter-on-quarter, missing estimates. The company faces challenges due to lower realizations and execution delays in export orders. Despite a strong order book and solid balance sheet, the stock is downgraded to Hold with a revised price target of Rs. 3,832 due to limited upside on high valuations.
Ratnamani Metals & Tubes Issues Corporate Guarantee to YES Bank - 05 Aug, 2024
Ratnamani Metals & Tubes has issued a corporate guarantee of up to Rs 50 crore for credit and treasury facilities offered by YES Bank to its subsidiary, Ratnamani Finow Spooling Solutions.
FM may allocate more funds for large water projects, affecting Ratnamani Metals and other shares - 22 Jul, 2024
The Finance Minister is expected to announce a larger allocation of funds for major water projects like Jal Jeevan Mission, Nal Se Jal, and Inland Waterways Development. This proposal could impact the stock prices of companies such as Ratnamani Metals & Tubes Ltd., NCC, VA Tech Wabag, Finolex Industries, and Welspun Corp.
Insights on Ratnamani Metals & Tubes Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 15.75% to 16.14% in Jun 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Jindal Steel & Power Ltd has given 49.9% return, outperforming this stock by 8.8%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 59.77% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 199.8% return, outperforming this stock by 39.1%
NEGATIVE IMPACTPrice Dip
In the last 7 days, RATNAMANI stock has moved down by -1.1%
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 192.16 Cr → 105.13 Cr (in ₹), with an average decrease of 45.3% per quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 11.22% to 11.02% in Jun 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 1.53K Cr → 1.19K Cr (in ₹), with an average decrease of 22.1% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 12.87% to 12.61% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 59.77% | 0.00 | |
| Foreign Institutions | 12.61% | ||
| Mutual Funds | 16.14% | 2.51 | |
| Retail Investors | 11.02% | ||
| Others | 0.45% | 15.95 |
Key Indicators
Ratnamani Metals & Tubes Ltd Valuation
Ratnamani Metals & Tubes Ltd in the last 5 years
Lowest (12.11x)
May 22, 2020
Industry (26.23x)
September 17, 2024
Today (44.43x)
September 17, 2024
Highest (58.52x)
June 6, 2022
Earnings and Dividends
Ratnamani Metals & Tubes Ltd Earnings Results
Ratnamani Metals & Tubes Ltd’s net profit fell -21.46% since last year same period to ₹105.13Cr in the Q1 2024-2025. On a quarterly growth basis, Ratnamani Metals & Tubes Ltd has generated -45.29% fall in its net profits since last 3-months.
Read More about Earnings ResultsRatnamani Metals & Tubes Ltd Dividends May,2024
In the quarter ending March 2024, Ratnamani Metals & Tubes Ltd has declared dividend of ₹14 - translating a dividend yield of 0.37%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Ratnamani Metals & Tubes Ltd is currently in a Bullish trading position according to technical analysis indicators.
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Ratnamani Metals & Tubes Ltd (RATNAMANI) share price today is ₹3718.3
Ratnamani Metals & Tubes Ltd is listed on NSE
Ratnamani Metals & Tubes Ltd is listed on BSE
- Today’s highest price of Ratnamani Metals & Tubes Ltd is ₹3813.
- Today’s lowest price of Ratnamani Metals & Tubes Ltd is ₹3686.3.
PE Ratio of Ratnamani Metals & Tubes Ltd is 44.43
PE ratio = Ratnamani Metals & Tubes Ltd Market price per share / Ratnamani Metals & Tubes Ltd Earnings per share
Today’s traded volume of Ratnamani Metals & Tubes Ltd(RATNAMANI) is 1.24L.
Today’s market capitalisation of Ratnamani Metals & Tubes Ltd(RATNAMANI) is ₹26487.77Cr.
| Ratnamani Metals & Tubes Ltd(RATNAMANI | Price |
|---|---|
52 Week High | ₹3978.5 |
52 Week Low | ₹2510.15 |
Ratnamani Metals & Tubes Ltd(RATNAMANI) share price is ₹3718.3. It is down -6.54% from its 52 Week High price of ₹3978.5
Ratnamani Metals & Tubes Ltd(RATNAMANI) share price is ₹3718.3. It is up 48.13% from its 52 Week Low price of ₹2510.15
| Ratnamani Metals & Tubes Ltd(RATNAMANI | Returns |
|---|---|
1 Day Returns | -60.7% |
1 Month Returns | 7.96% |
3 Month Returns | 10.48% |
1 Year Returns | 41.13% |