Ratnamani Metals & Tubes Ltd Share Price

Capital Goods-Non Electrical Equipment

NSE: RATNAMANI Small Cap ISIN: INE703B01027

As on 05 December 2025 at 15:19 IST

₹2,390

+ 8.60

(0.36%)

Sell Buy

Ratnamani Metals & Tubes Q1 FY26 Results:

Profit for the period increased 20.1% to ₹127.13 crores in Q1 FY26, from ₹105.88 crores in Q1 FY25. Total income for the quarter decreased 1.2% year-on-year to ₹1,181.91 crores from ₹1,195.97 crores.

About Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd. is a manufacturer of stainless steel pipes, tubes, and metal products. The company was founded in the year 1983. It has grown over many decades to become a leading player in specialized metal manufacturing. The headquarters of the company is located in Ahmedabad, Gujarat. Ratnamani Metals produces stainless steel seamless and welded tubes/pipes, carbon steel welded pipes, and nickel alloy tubes. The company produces these products for critical applications in petrochemicals, power, nuclear, aerospace, and chemical processing industries. It operates in the Steel Pipes & Tubes sector. +

Over 1 Month

-2.70%

Over 6 Months

-16.23%

Over 1 Year

-28.39%

Over 3 Years

20.63%

Ratnamani Metals & Tubes Ltd Summary

Close ₹2,381.40

Open ₹2,355

High ₹2,395.90

Low ₹2,352

Volume 9,681

Net Turnover (in Cr) ₹2.31

52Wk High ₹3,450

52Wk Low ₹2,256

52Wk High / Low

2,256

3,450

Ratnamani Metals & Tubes Ltd Fundamentals

Key Financial Data

Market Cap (in Cr) ₹16,691.71

EPS (TTM) 88.95

Book Value (BV) 552.84

Div. Yield 0.59 %

P/E (TTM) 26.80

Price/Book Value 4.31

Delivery % 67.52 %

Face Value 2

Key Ratios

PE Ratio 31.29

PB Ratio 4.88

EV to Sales 3.67

PEG Ratio -6.22

ROA 15.36

ROE 16.68

Debt-Equity 0.01

Net Profit Margin 11.85

Operating Profit Margin 18.29

Ratnamani Metals & Tubes Ltd Financials

Consolidated

Standalone

Yearly

Quarterly

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	5,246.09	5,132.31	4,507.09	3,176.48	2,341.54
Total Expenses	4,508.10	4,304.64	3,813.55	2,745.54	1,978.08
Profit Before Tax	737.99	827.67	693.54	430.94	363.46
Profit After Tax	541.57	625.10	512.28	322.64	276
Operating Profit After Depreciation	775.42	872.80	724.73	452.30	386.36

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,348.44	1,163.89	1,121.87	874.63	865.11
Total Non Current Assets	1,603	1,354.15	1,247.31	997.76	962.04
Total Current Assets	3,302.96	2,665.68	2,532.97	1,964.72	1,654.55
Total Assets	4,905.97	4,019.83	3,780.28	2,962.48	2,616.59
Total Shareholder's Fund	3,637.04	3,140.53	2,603.90	2,248.32	1,987.56

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	536.22	511.23	310.47	-283	545.55
Net Cash Used In Investing Activities	-387.72	-145.51	-204.05	417.68	-469.90
Net Cash Used In Financing Activities	-130.18	-192.95	-116.08	-134.54	-78.79

Profit and Loss

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Total Revenue	4,959.45	4,853.26	4,401.24	3,176.32	2,341.54
Total Expenses	4,181.34	4,043.51	3,707.40	2,745.63	1,978.16
Profit Before Tax	778.11	809.75	693.84	430.69	363.38
Profit After Tax	578.01	608.61	514.03	322.39	275.90
Operating Profit After Depreciation	800.30	836.93	716.82	452.05	386.28

Balance Sheet

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Fixed Assets	1,096.52	954.64	940.82	874.63	865.11
Total Non Current Assets	1,484.66	1,249.13	1,156.33	997.82	962.10
Total Current Assets	3,122.24	2,537.20	2,413.17	1,963.42	1,653.43
Total Assets	4,606.90	3,786.33	3,569.50	2,961.24	2,615.53
Total Shareholder's Fund	3,708.74	3,221.22	2,698.76	2,246.93	1,986.47

Cash Flow

Particulars (in ₹ Cr.)	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Net Cash From Operating Activities	520.99	489.46	317.39	-271.74	545.25
Net Cash Used In Investing Activities	-346.60	-109.17	-243.18	406.24	-469.87
Net Cash Used In Financing Activities	-160.09	-208.29	-83.23	-134.54	-78.79

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	1,191.69	1,151.62	1,715.15	1,316.30	971.33
Total Expenses	980.44	963.47	1,413.01	1,112.47	817.82
Profit Before Tax	199.45	175.78	275.94	188.11	133.59
Profit After Tax	156.04	127.13	203.16	133.18	99.35
Operating Profit after Depreciation	238.16	218.44	311.25	222.52	173.05

Particulars (in ₹ Cr.)	2025-09	2025-06	2025-03	2024-12	2024-09
Total Revenue	939.56	1,062.40	1,574.77	1,293.53	897.51
Total Expenses	799.68	870.80	1,283.09	1,079.59	748.87
Profit Before Tax	144.18	195.34	301.43	200.43	136.95
Profit After Tax	108.19	144.96	224.74	145.55	102.46
Operating Profit after Depreciation	173.69	226.62	329.64	227.58	168.14

Ratnamani Metals & Tubes Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 2,356.97

S2 2,332.53

S3 2,313.07

Pivot 2,376.43

R1 2,400.87

R2 2,420.33

R3 2,444.77

Moving Average

20 SMA 2,392

50 SMA 2,399.43

100 SMA 2,456.82

200 SMA 2,582.17

Ratnamani Metals & Tubes Ltd Corporate Actions

Ratnamani Metals & Tubes Ltd

₹14.0/Share

Announcement Date 02 Sep 2025

Record Date 02 Sep 2025

Div Yield 700%

AGM Date: 27 Sep 2021

AGM 27/09/2021 Ratnamani Metals & Tubes Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from Septebmer 21, 2021 to Septebmer 27, 2021 (both days inclusive) for the purpose of Payment of Dividend & 37th Annual General Meeting (AGM) of the Company to be held on September 27, 2021. (As Per BSE Announcement Dated 03.06.2021) The Co. has fixed Monday, 20th September, 2021 as the Cut-off date to record the entitlement of the members/shareholders, to cast their vote electronically/remote e-voting, in respect of all the items of the Businesses as indicated in the Notice of the 37th AGM of the Co. to be held on 27th September, 2021, pursuant to the provisions of Section 108 of the Companies Act, 2013, the Rules framed thereunder read with Regulation 44 of the SEBI (LODR) Reg, 2015. The Co. would be availing e-voting facility from CDSL. The details are as follows: 1. Date and Time of commencement of e-voting: 24th Sept, 2021 (10.00 A.M.). 2. Date and Time of end of e-voting: 26th Sept, 2021 (5.00 P.M.). 3. E-voting by electronic mode shall not be allowed beyond 5.00 P.M. on 26th Sept, 2021. Consequently, the same cut-off date of i.e. 20th Sept, 2021 would also determine the members who do not cast their vote electronically, to cast their vote as may be required at the said AGM to be held on 27th Sept, 2021. (As Per BSE Announcement dated on 18.06.2021) Proceedings of the 37th Annual General Meeting of the Company held on Monday September 27 2021 are enclosed. (As Per BSE Announcement Dated on 9/27/2021 1:04:11 AM) Dear Sir/Madam Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we herewith submit the Voting results of the 37th Annual General Meeting of the Company held on Monday 27th September 2021 through Video Conferencing facility provided by the Company. The Company had appointed Shri M. C. Gupta Practicing Company Secretary as a Scrutinizer to scrutinize the e-voting process. The Scrutinizers Report received from him is attached herewith and the same is being uploaded on the Companys website i.e. www.ratnamani.com. Please take the above on your record. (As Per BSE Announcement Dated on 9/28/2021 1:12:05 AM) Dear Sir/Madam Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please find enclosed herewith the Minutes of the 37th Annual General Meeting of Members of the Company held on Monday 27th September 2021 through Video Conference (VC) / Other Audio Visual Means (OAVM). Please take the above on your record. (As Per BSE Announcement Dated on 10/19/2021 7:01:08 AM)

AGM Date: 09 Aug 2022

This is to inform you that the Board of Directors of the Company at its Meeting held on today i.e. May 18, 2022 had inter alia, considered and approved / recommended the items as mentioned in the attachment. This is to inform you that the Company has fixed Tuesday, August 2, 2022 as the Cut-off date to record the entitlement of the members/shareholders, to cast their vote electronically/remote e-voting, in respect of all the items of the Businesses as indicated in the Notice of the 38th Annual General Meeting of the Company to be held on Tuesday, August 9, 2022, pursuant to the provisions of Section 108 of the Companies Act, 2013, the Rules framed thereunder read with Reg 44 of the SEBI (LODR) Reg., 2015. The Company would be availing e-voting facility from Central Depository Services (India) Limited. The details pursuant to the provisions of Sec.108 of the Companies Act, 2013 and the relevant Rules prescribed thereunder. 1. Date and Time of commencement of e-voting: Thursday, August 4, 2022 (9.00 A.M.). 2. Date and Time of end of e-voting: Monday, August 8, 2022 (5.00 P.M.). 3. E-voting by electronic mode shall not be allowed beyond 5.00 P.M. on Monday, August 8, 2022. (As Per BSE Announcement Dated on 14.06.2022) With reference to the above subject and pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the newspaper advertisement for notice of the 38th Annual General Meeting, E-voting, Cut-off Date, Book Closure dates and Dividend Information published in the Financial Express, English Edition and Financial Express, Gujarati Edition, dated July 15, 2022. (As Per BSE Announcement Dated on 15/07/2022) Proceedings of the 38th Annual General Meeting of the Company held on Tuesday, August 9, 2022 (As Per BSE Announcement Dated on 09.08.2022) Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we herewith submit the Voting results of the 38th Annual General Meeting of the Company held on Tuesday, August 9, 2022 through Video Conferencing facility provided by the Company. The Company had appointed Shri M. C. Gupta, of M/s. M. C. Gupta & Co., Company Secretaries, Ahmedabad (C.P. No.1028 & FCS 2047) as Scrutinizer to scrutinize the e-voting process. The Scrutinizer's Report received from him is attached herewith and the same is being uploaded on the Company's website at www.ratnamani.com and on the website of the Central Depository Services (India) Limited (CDSL) at www.evotingindia.com. (As Per BSE Announcement dated on 10.08.2022) Ratnamani Metals & Tubes Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement Dated 11.08.2022)

AGM Date: 03 Aug 2023

As per the attached file dated May 10, 2023 The Co has fixed Thursday, July 27, 2023 as the Cut-off date to record the entitlement of the members, to cast their vote electronically/remote e-voting, in respect of all the items of the Business as indicated in the Notice of the 39th AGM of the Co. to be held on Thurs, 03.08.2023, pursuant to Sec. 108 of the Co Act, 2013, the Rules framed thereunder read with Reg 44 of the SEBI (LODR) Reg, 2015. The Co. would be availing e-voting facility from NSDL. The details pursuant to Sec 108 of the Co Act, 2013 and the Rules prescribed thereunder are as follows: 1. Date & Time of commencement of e-voting: Sat, 29.07.2023 (9.00 A.M.). 2. Date & Time of end of e-voting: Wed, 02.08.2023 (5.00 P.M.). 3. E-voting by electronic mode shall not be allowed beyond 5.00 P.M. on Wed, 02.08.2023. The same cut-off date of i.e. Thurs, 27.07.2023 would also determine the members who do not cast their vote electronically, to cast their vote as may be required at the said AGM to be held on Thurs, 03.08.2023. (As per BSE Announcement Dated on 05/06/2023) Publication of newspaper advertisement for the notice of 39th Annual General Meeting, Book Closure dates, E-voting, Cut Off date, Updation of KYC and dividend information. (As Per BSE Announcement Dated on 11/07/2023) PROCEEDINGS OF 39TH ANNUAL GENERAL MEETING HELD ON THURSDAY, AUGUST 3, 2023 RE-APPOINTMENT OF MANAGING DIRECTOR, JOINT MANAGING DIRECTOR AND WHOLE TIME DIRECTOR, STATUTORY AUDITORS AND SENIOR MANAGEMENT PERSONNEL AT THE 39TH ANNUAL GENEAL MEETING HELD ON AUGUST 3, 2023. CESSATION ON ACCOUNT OF COMPLETION OF TENURE OF SECOND TERM OF CONSECUTIVE FIVE YEARS OF THREE INDEPENDENT DIRECTORS. (As Per BSE Announcement dated on 03.08.2023) Voting Results and Scrutinizer''s Report (As Per BSE Announcement dated on 05.08.2023) Minutes of the 39th Annual General Meeting held on August 3, 2023. (As Per BSE Announcement dated on 16.08.2023)

AGM Date: 27 Aug 2024

The 40th Annual General Meeting of the Members of the Company will be held on Tuesday, August 27, 2024, through Video Conferencing and other Audio-Visual Means. Pursuant to Section 91 & other applicable provisions of the Companies Act, 2013 and in accordance with the Regulation 42 of the Listing Regulations, the Register of Members and Share Transfer Book shall remain closed from Wednesday, August 21, 2024 to Tuesday, August 27, 2024 (both days inclusive) for the purpose of determining the members eligible to receive the Dividend, if approved by the members in the ensuing Annual General Meeting. BOOK CLOSURE DATES (As Per BSE Announcement Dated on 24/05/2024) Cut-off date for remote e-voting for the 40th Annual General Meeting. (As Per BSE Announcement dated on 24.06.2024) Proceedings of the 40th Annual General Meeting of the Company held on Tuesday, August 27, 2024. (As Per BSE Announcement Dated on 27.08.2024) VOTING RESULTS AND SCRUTINIZER REPORT (As per BSE Announcement Dated on 28/08/2024)

AGM Date: 09 Sep 2025

The 41st Annual General Meeting of the Members of the Company will be held on Tuesday,September 9, 2025, through Video Conferencing and other Audio-Visual Means. INTIMATION OF RECORD DATE FOR THE PURPOSE OF DIVIDEND AND 41ST ANNUAL GENERAL MEETING (As Per BSE Announcement Dated on 24.06.2025) Reg. 34(1) Annual Report. (As Per BSE Announcement Dated on: 12/08/2025) Proceedings of the 41st AGM of the Company held on Tuesday, September 9, 2025. (As Per BSE Announcement Dated on:09.09.2025) VOTING RESULTS AND SCRUTINISER REPORT (As Per BSE Announcement Dated on:10.09.2025) MINUTES OF THE 41ST ANNUAL GENERAL MEETING HELD ON SEPTEMBER 9, 2025. (As Per BSE Announcement Dated On: 17.09.2025)

Ratnamani Metals & Tubes Ltd Peer Comparison

Company	Price	Market Cap (in Cr)
Cummins India Ltd	₹4,458.15	₹1,23,579.92
Tube Investments of India Ltd	₹2,700.75	₹52,261.90
APL Apollo Tubes Ltd	₹1,773.10	₹49,227.64
Jyoti CNC Automation Ltd	₹961.35	₹21,863.32
Welspun Corp Ltd	₹827.50	₹21,813.47

Ratnamani Metals & Tubes Ltd Top Mutal Funds Invested

Fund Name	AUM
Mirae Asset Focused Fund	2.39%
ICICI Pru Infrastructure Fund	1.70%
SBI Small Cap Fund	1.40%
Kotak Small Cap Fund	1.27%
HSBC Small Cap Fund	1.09%

Ratnamani Metals & Tubes Ltd News

Ratnamani Metals & Tubes to table results

On 7 November 2025

30 Oct 2025, 02:50 pm

Ratnamani Metals & Tubes schedules board meeting

On 1 August 2025

23 Jul 2025, 03:51 pm

Crisil Ratings reaffirms ratings of Ratnamani Metals at 'AA/A1+' with 'stable' outlook

Ratnamani Metals and Tubes (Ratnamani) said that Crisil Ratings has reaffirmed its 'Crisil AA/Positive/Crisil A1+' ratings on the bank facilities of the company.

12 Jun 2025, 02:25 pm

Board of Ratnamani Metals & Tubes recommends final dividend

Of Rs 14 per share

17 May 2025, 10:24 am

Ratnamani Metals & Tubes to convene board meeting

On 16 May 2025

07 May 2025, 05:21 pm

Ratnamani Metals & Tubes Ltd Stock Analysis

Annual revenue for Ratnamani Metals & Tubes Ltd increased by 2.19% to ₹4,959.45 crore in FY 2025 from ₹4,853.26 crore in FY 2024.
Annual Net Profit for Ratnamani Metals & Tubes Ltd decreased by 5.03% to ₹578.01 crore in FY 2025 from ₹608.61 crore in FY 2024.
Promoter Shareholding in Ratnamani Metals & Tubes Ltd remains unchanged by 0.00% in the most recent quarter, from 59.77% in June 2025 to 59.77% in September 2025.
Ratnamani Metals & Tubes Ltd delivered a 1-year return of -28.39% compared to the Nifty 50, which provided a return of 6.40% as of the last trading session.
Ratnamani Metals & Tubes Ltd share price moved up by 0.36% from its previous close of INR ₹2,381.40. The latest Ratnamani Metals & Tubes Ltd share price is INR ₹2,390.
Ratnamani Metals & Tubes Ltd share price today has been at a low of 2,363.80 and a high of 2,393.20. Over the past 52 weeks, the Ratnamani Metals & Tubes Ltd share price has seen a low of 2,256 and a high of 3,450.

About Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd. is a leading manufacturer of stainless steel pipes, tubes, and other metal products. The company functions in the Steel Pipes & Tubes sector within the metal manufacturing industry.
Established in 1983, Ratnamani Metals has been in business for many decades. The company is headquartered in Ahmedabad, Gujarat, India. The founding promoters are the Sanghvi family, with Prakash M. Sanghvi serving as the Chairman and Managing Director. The other crucial managerial promoters of the company include:

Jayanti M Sanghvi
Shanti M Sanghvi
Sushil Solanki
Dhinal A Shah

The company's main products include stainless steel seamless and welded tubes/pipes, carbon steel welded pipes, and nickel alloy tubes. They manufacture products for critical applications in various industries. This includes oil & gas, petrochemicals, power, nuclear, aerospace, and chemical processing. Its extensive product range makes it a significant player in the steel tube industry. However, it is not the #1 company by market capitalization in its sector, though it is known for its premium quality products and specialized offerings.
The promoter shareholding of the company stands at 59.77% of the total equity. This indicates strong promoter confidence in the business. The major stake of the company is held by Prakash M. Sanghvi & Reshmi Sanghvi. They hold 14.03% shares from total promoter shareholding.
The registered office of the company is located at 17 Rajmugat Society, Ahmedabad - 380013, Gujarat. Its registrar & share transfer agent is Link Intime India Private Limited.
The company has manufacturing facilities in Gujarat and Karnataka, serving both domestic and international markets. Ratnamani has established itself as a trusted supplier to major projects worldwide, with a significant export presence across multiple continents.

Foreign Dealing of the Company

Ratnamani Metals & Tubes Ltd. has established itself as a key player in the global market for specialized steel pipes and tubes. The company's international presence reflects its commitment to quality manufacturing and its ability to meet stringent global standards. The company has successfully penetrated various international markets. Also, it has established itself as a reliable supplier of premium quality metal products. This is due to their state-of-the-art manufacturing facilities in Gujarat and Karnataka,
Global Market Presence The company has strategically expanded its presence across multiple continents, serving diverse industries. This includes oil & gas, petrochemicals, power, and aerospace sectors. Their international operations span across major markets in North America, Europe, Middle East, and Asia-Pacific regions. The company's ability to meet international quality standards and specifications has helped them secure prestigious projects worldwide.
Quality Certifications and Standards Ratnamani aims to facilitate international trade and maintain global competitiveness. Thus, it has obtained various international certifications and accreditations. These certifications demonstrate their compliance with global quality standards and strengthen their position in international markets. They maintain strict quality control measures that align with international requirements.
Export Portfolio Their export portfolio includes specialized products like stainless steel seamless tubes, welded pipes, and nickel alloy tubes. These products are designed to meet the specific requirements of international clients. They are particularly manufactured for high-pressure and high-temperature applications. The company's expertise in manufacturing specialized products has helped them secure orders from major global engineering and construction companies.
Middle East Operations The Middle East represents a significant market for Ratnamani, particularly in the oil and gas sector. The company supplies critical components for various petrochemical and oil refining projects in the region. Their products' reliability and performance in extreme conditions have made them a preferred supplier for major Middle Eastern energy projects.
European Market Ratnamani has established a strong presence in industrial and power generation sectors in Europe. Their products meet the stringent European standards and specifications, mainly for nuclear power plants and chemical processing industries. The company's focus on technological advancement and quality control has helped it maintain long-term relationships with European clients.
American Operations The North American market is another key territory where Ratnamani has made significant inroads. Their products are used in various applications across the United States and Canada. The company's ability to meet American Society of Mechanical Engineers (ASME) standards has been crucial for its success in this market.
Technology and Innovation for Global Markets Ratnamani continuously invests in modern technology and innovation. This enables them to maintain competitiveness in international markets. Their manufacturing facilities are equipped with advanced machinery and testing equipment to ensure their products meet global standards. This technological capability allows them to manufacture complex products that meet specific international requirements.
Future International Expansion Plans The company continues to explore new international markets and opportunities for growth. Their strategy includes expanding their product range for international markets and strengthening their global distribution network. They also focus on developing new products specifically designed for emerging market needs.
Ratnamani Metals & Tubes Ltd.'s success in international markets is built on its commitment to quality, technological excellence, and customer satisfaction. Their ability to manufacture specialized products for critical applications has established them as a trusted global supplier. The company focuses on maintaining international quality standards and continuous innovation. This has positioned them well in the global markets as they continue to strengthen their international presence. Ratnamani Metals & Tubes Ltd represents Indian manufacturing excellence on the global stage.