Stock Snapshot
Price Performance
Recommendation Rationale
Strong growth outlook supported by order inflows and execution strength.
Basis of our Recommendation
Ratnamani Metals and Tubes is poised for robust revenue growth, supported by a strong orderbook and improved order inflows. While there are some margin pressures, the overall outlook remains favorable due to operational strengths and market demand.
Why We Like This Stock
- Strong order inflows indicating healthy demand
- Robust orderbook providing revenue visibility
- Operational strengths supporting growth trajectory
Things To Watch Out For
- Some margin pressures impacting profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 5,059 | 5,186 | 4,494 | 5,199 | 6,068 |
| Profit Before Tax (Cr.) | 826 | 736 | 716 | 839 | 988 |
| PBT Margin | 16.3% | 14.2% | 15.9% | 16.1% | 16.3% |
| Net Profit (Cr.) | 626 | 544 | 551 | 587 | 691 |
| EPS | 89.1 | 78.0 | 71.2 | 83.8 | 98.7 |
Company Overview
Show Company Profile
Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless-steel products include seamless heat exchanger tubes, boiler tubes, instrumentation tubes, seamless pipes, heater pipes, seamless integral low-finned tubes, hollow bars, and coil tubes; and welded tubes and pipes, such as titanium welded tubes, seam-welded integral low, finned tubes, coil tubes, square and rectangular pipes, stainless steel 3lpe / pp /, and aro coated pipes. It also provides nickel alloy seamless heat exchanger and instrumentation tubes, and nickel alloy seamless pipes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers pipe coating solutions comprising external three-layer polyethylene/polypropylene coating and single/dual-layer fusion bonded epoxy coating; and internal coating solutions, such as internal liquid epoxy and cement mortar lining coatings. Further, it is involved in the generation of power from windmills. The company offers its products for various industries and applications, such as oil and gas exploration, LNG, food and dairy, fertilizer plants, thermal, solar and nuclear plants, defence, automobile, chemical, power plants, CNG, sugar, pulp and paper, petrochemicals and refineries, atomic energy, aerospace, desalination plants, pharmaceutical, marine, cross-country pipeline for gas and water, pipes for engineering purpose, booster compressors and dispensers, water distribution pipelines, plumbing and heating, city gas distribution, structural pipe systems, sewerage, dredging pipes, mining pipes, air duct pipes, high mast pipes for windmill towers, and general purpose applications. The company was incorporated in 1983 and is headquartered in Ahmedabad, India.