Is Ratnamani Metals & Tubes a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ratnamani Metals & Tubes Ltd is a good quality company .

Is Ratnamani Metals & Tubes undervalued or overvalued?

The key valuation ratios of Ratnamani Metals & Tubes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ratnamani Metals & Tubes share price return in the past 10 years?

Ratnamani Metals & Tubes Ltd share price has appreciated 24.8% annually (CAGR) over the past ten years.

Is Ratnamani Metals & Tubes a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ratnamani Metals & Tubes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Ratnamani Metals & Tubes?

The latest standalone P/E ratio of Ratnamani Metals & Tubes as of 21-Nov-2024 is 46.77.

What is the P/B ratio of Ratnamani Metals & Tubes?

The latest standalone P/B ratio of Ratnamani Metals & Tubes as of 21-Nov-2024 is 7.17.

Ratnamani Metals & Tubes Ltd - Stock Valuation and Financial Performance

Name: Ratnamani Metals & Tubes
Brand: Ratnamani Metals & Tubes

BSE: 520111 | NSE: RATNAMANI | Steel & Iron Products | Small Cap

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Ratnamani Metals Share Price

₹3,643.45 237.80 6.98%
as on 21-Nov'24 16:59

10 Year X-Ray of Ratnamani Metals:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	30.1%	24.5%	18.8%	18.5%	25.9%	24.1%	18.7%	19.7%	27.3%	27.4%	-
Value Creation Index ⓘ	1.2	0.8	0.3	0.3	0.9	0.8	0.4	0.5	1.0	1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,687	1,718	1,412	1,767	2,755	2,586	2,298	3,139	4,370	4,807	4,631
Sales YoY Gr.	-	1.8%	-17.8%	25.2%	55.9%	-6.1%	-11.1%	36.6%	39.2%	10%	-
Adj EPS ⓘ	23.4	23.8	20.6	20.3	33.3	41.1	38.1	44.5	71.2	84.7	72.8
YoY Gr.	-	1.7%	-13.6%	-1.3%	63.8%	23.3%	-7.3%	17%	59.9%	18.9%	-
BVPS (₹) ⓘ	129.6	149	169.3	186.6	217.1	243.7	283.4	320.6	385	459.6	475.2
Adj Net Profit ⓘ	164	167	144	142	233	288	267	312	499	593	510
Cash Flow from Ops. ⓘ	146	156	135	-72.9	554	215	545	-272	317	489	-
Debt/CF from Ops. ⓘ	0.3	0.2	0	-1.1	0.1	1.2	0.4	-0.6	0.5	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	12.3%	11.8%	27.9%	10%
Adj EPS ⓘ	15.3%	20.5%	30.6%	18.9%
BVPSⓘ	15.1%	16.2%	17.5%	19.4%
Share Price	24.8%	41.5%	36.8%	3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.6	17.1	12.9	11.4	16.5	17.8	14.4	14.8	20.2	20.1	15.6
Op. Profit Mgn % ⓘ	17.7	16.8	18.2	15	14.8	16.5	17.4	15.8	17.4	18.2	15.9
Net Profit Mgn % ⓘ	9.7	9.7	10.2	8.1	8.5	11.1	11.6	9.9	11.4	12.4	11
Debt to Equity ⓘ	0	0	0	0.1	0	0.2	0.1	0.1	0.1	0	0
Working Cap Days ⓘ	131	146	201	213	153	169	183	163	165	169	107
Cash Conv. Cycle ⓘ	78	94	142	157	107	111	124	117	124	131	84

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 27.89%

Net Profit is growing at healthy rate in last 3 years 30.55%

Return on Equity has declined versus last 3 years average to 15.60%

Sales growth is not so good in last 4 quarters at -0.97%

Latest Financials - Ratnamani Metals & Tubes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	72.8	75.7
TTM Sales (₹ Cr.)	4,631	4,908
BVPS (₹.) ⓘ	475.2	469.8
Reserves (₹ Cr.) ⓘ	3,317	3,279
P/BV ⓘ	7.17	7.25
PE ⓘ	46.77	44.99

From the Market
52 Week Low / High (₹)	2580.75 / 3971.80
All Time Low / High (₹)	0.61 / 3971.80
Market Cap (₹ Cr.)	23,871
Equity (₹ Cr.)	14
Face Value (₹)	2
Industry PE ⓘ	21.8

Management X-Ray of Ratnamani Metals:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ratnamani Metals

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ratnamani Metals

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,687	1,718	1,412	1,767	2,755	2,586	2,298	3,139	4,370	4,807
Operating Expenses ⓘ	1,388	1,432	1,154	1,502	2,349	2,159	1,899	2,644	3,608	3,933
Manufacturing Costs	137	162	148	215	274	264	238	320	447	427
Material Costs	1,119	1,130	880	1,140	1,904	1,696	1,471	2,104	2,891	3,194
Employee Cost	92	100	98	109	129	145	141	158	194	224
Other Costs ⓘ	41	40	29	38	41	54	49	62	76	87
Operating Profit ⓘ	299	286	257	265	406	426	399	495	762	874
Operating Profit Margin (%)	17.7%	16.6%	18.2%	15.0%	14.7%	16.5%	17.4%	15.8%	17.4%	18.2%
Other Income ⓘ	25	17	14	33	42	59	44	38	31	46
Interest ⓘ	9	6	6	10	15	21	23	21	23	27
Depreciation ⓘ	54	57	60	61	62	59	57	80	76	84
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	261	240	205	228	371	406	363	431	694	810
Tax ⓘ	88	75	61	76	118	99	87	108	180	201
Profit After Tax	173	165	144	152	253	307	276	322	514	609
PAT Margin (%)	10.2%	9.6%	10.2%	8.6%	9.2%	11.9%	12.0%	10.3%	11.8%	12.7%
Adjusted EPS (₹)	24.6	23.6	20.6	21.7	36.1	43.9	39.4	46.0	73.3	86.8
Dividend Payout Ratio (%)	15%	16%	18%	18%	17%	18%	24%	14%	16%	16%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	908	1,044	1,187	1,308	1,522	1,708	1,986	2,247	2,699	3,221
Share Capital ⓘ	9	9	9	9	9	9	9	9	14	14
Reserves ⓘ	899	1,035	1,178	1,299	1,513	1,699	1,977	2,238	2,685	3,207
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	30	14	0	79	65	220	146	96	95	0
Long Term Debt	8	0	0	0	0	176	146	96	45	0
Short Term Debt	22	14	0	79	65	44	1	0	50	0
Trade Payables	127	123	116	193	292	264	243	315	328	310
Others Liabilities ⓘ	160	136	110	167	173	351	240	303	448	255
Total Liabilities ⓘ	1,226	1,317	1,413	1,746	2,052	2,544	2,616	2,961	3,569	3,786
Fixed Assets
Gross Block	784	499	560	616	671	789	1,209	1,297	1,431	1,526
Accumulated Depreciation	359	53	112	171	231	289	344	422	490	571
Net Fixed Assetsⓘ	425	446	448	445	440	500	865	875	941	955
CWIP ⓘ	42	48	38	47	179	371	76	107	87	158
Investmentsⓘ	20	24	74	0	203	155	637	109	244	198
Inventories	343	295	339	574	590	859	537	1,112	1,193	1,275
Trade Receivables	223	390	425	558	462	370	403	601	967	896
Cash Equivalents	76	11	15	5	142	173	54	42	33	205
Others Assetsⓘ	97	104	74	117	37	115	44	116	105	99
Total Assets ⓘ	1,226	1,317	1,413	1,746	2,052	2,544	2,616	2,961	3,569	3,786

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	146	156	135	-73	554	215	545	-272	317	489
PBT ⓘ	261	240	205	228	371	406	363	431	694	810
Adjustment ⓘ	49	40	53	50	57	45	48	73	85	78
Changes in Working Capital ⓘ	-77	-58	-50	-279	265	-130	190	-653	-313	-176
Tax Paid ⓘ	-87	-66	-74	-72	-139	-106	-57	-122	-148	-222
Cash Flow From Investing Activity ⓘ	-51	-10	-102	21	-360	-357	-470	406	-243	-109
Capex	-84	-61	-66	-70	-165	-298	-129	-144	-125	-173
Net Investments	22	31	-47	75	-203	-79	-376	528	-128	46
Others ⓘ	11	20	11	16	8	20	34	22	10	19
Cash Flow From Financing Activityⓘ	-74	-179	-28	42	-56	47	-79	-135	-83	-208
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-8	-9	-9	0	0	200	-15	-50	-50	-50
Interest Paid ⓘ	-6	-3	-4	-6	-10	-13	-19	-17	-17	-23
Dividend Paid ⓘ	-25	-51	0	-26	-28	-98	0	-65	-65	-84
Others ⓘ	-35	-116	-14	74	-19	-42	-44	-2	49	-51
Net Cash Flow ⓘ	21	-33	5	-10	137	-95	-4	0	-9	172

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	20.62	16.92	12.94	12.17	17.88	19.04	14.94	15.23	20.79	20.56
ROCE (%)	30.1	24.45	18.77	18.47	25.91	24.09	18.65	19.74	27.34	27.37
Asset Turnover Ratio	1.48	1.43	1.08	1.13	1.47	1.14	0.9	1.13	1.39	1.33
PAT to CFO Conversion(x)	0.84	0.95	0.94	-0.48	2.19	0.7	1.97	-0.84	0.62	0.8
Working Capital Days
Receivable Days	52	62	101	100	67	58	61	58	63	69
Inventory Days	62	64	78	93	76	101	110	96	93	92
Payable Days	45	40	50	49	46	60	63	48	41	36

Ratnamani Metals & Tubes Ltd Stock News

Ratnamani Metals & Tubes Ltd FAQs

What is the share price of Ratnamani Metals?

Company share prices are keep on changing according to the market conditions. The closing price of Ratnamani Metals on 21-Nov-2024 16:59 is ₹3,643.5.

What is the market cap of Ratnamani Metals?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Ratnamani Metals stood at ₹23,870.9.

What is the P/E ratio of Ratnamani Metals?

The latest P/E ratio of Ratnamani Metals as of 21-Nov-2024 16:59 is 46.77.

What is the P/B ratio of Ratnamani Metals?

The latest P/B ratio of Ratnamani Metals as of 21-Nov-2024 16:59 is 7.17.

What is the 52-week high and low of Ratnamani Metals?

The 52-week high of Ratnamani Metals is ₹3,971.8 and the 52-week low is ₹2,580.8.

What is the TTM revenue of Ratnamani Metals?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ratnamani Metals is ₹4,631 ( Cr.) .

About Ratnamani Metals & Tubes Ltd

Since its inception in 1983, Ratnamani Metals & Tubes Ltd. is just not only manufacturing products but also delighting customers through its unmatched quality.

Over the span of time, Ratnamani has grown to become a multi-location, multi-product company providing critical tubing and piping solutions to diverse range of industries & niche markets in core sectors Viz., Oil & Gas, Refinery & Petrochemical, Dairy, Chemical & Fertilizer, Thermal, Solar & Nuclear Power, LNG, Desalination, Defense, Aerospace, Chillers & Cooling system, Pulp & Paper Industry, Automobile etc. Ratnamani has an impressive clientele comprising of major public, private and joint sector companies across the globe, who are leaders in their respective segments.

Business area of the company

The company is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes at Kutch, Indrad and Chhatral in the state of Gujarat. The company caters both domestic and international markets.

Product Lines

Stainless Steel
Nickel Alloy
Titanium Welded Tubes
Carbon Steel
Coating Solutions
Induction Bending

Milestones

1983: Year of establishment.
1985: Commenced production of stainless steel welded pipes & seamless tubes, as a twin small-scale units.
1991: Established facilities for manufacturing stainless steel electric fusion welded [EFW] pipes.
1993: Listed on Mumbai (BSE) & Ahmedabad Stock Exchange (ASE)
1995: Commenced production of submerged arc welded [SAW] pipes
1997: Received API 5L Monogramming License
1999: Commenced production of stainless steel tubes for sutomobile exhaust systems.
2000: First Mobile plant, for Narmada Canal Pipe Line Project under Government of Gujarat.
2001: Quality Management System accredited to ISO 9002 Under Lloyd’s Register Quality Assurance (LRQA). Addition of API 2B Monogramming License
2002: AD 2000 - Merkblatt W 0 Certification Under RWTUV Recognition as a well known Tube / Pipe Maker Under IBR
2003: Pressure Equipment Directive [PED] Certification Under LRQA - Approval from Nuclear Power Corporation of India Limited for the Supply of Critical Instrumentation Seamless Tubes & Primary Piping for Nuclear Reactors - Up-gradation of ISO 9002 Certification to ISO 9001-2000 under LRQA
2004: Delivered Duplex Stainless Steel Seamless Tubes as per SA 789 / UNS 31803 and UNS 32205 - Officially Implemented Safety, Health & Environment Policy [SHE] - Enhancement of current capacity by establishing new manufacturing facilities at Kutch, Gujarat
2005: Commenced manufacturing of Welded Cold Drawn Duplex Steel Tubes as per SA 789 / UNS 31803 and UNS 32205.
2008: Vendor Approval with Saudi Aramco for Stainless Steel Seamless Tubes and SABIC
2008: Successfully executed the order of Titanium Welded Tubes
2008: Delivered Stainless Steel Welded HP Heater Tubes for 5 x 800MW (first UMPP) power project
2008: Hot Extrusion of Duplex Mother Pipes
2009: 3 LPE coating and internal coating plant installed for pipes from 6' to 64' diameter Pipes 2009 ERW plant upgraded for the size from 16' to 18' diameter
2013: Hot Extrusion of UNS S32750, UNS N08825, UNS N08800 and 904L
2013: Enhanced Stainless Steel Cold Finishing capacity at Indrad works
2013: Received Vendor Approval from Saudi Aramco for Stainless Steel Seamless and Welded Pipes, Titanium Welded Tubes
2013: Supply of 20 KM of DSS Pipes with 3LPP coating
2013: Supply of Stainless Steel Seamless Tubes for Brahmos Aerospace in size 3 mm OD x 0.5 mm THK and above
2013: 146' diameter HSAW Pipes manufactured
2014: Supplied Stainless Steel Seamless Tubes for Aerospace industry to Snecma, France
2014: Successfully executed order for prestigious project of ITER
2014: Hot Extrusion and Cold Finishing of Nickel Alloy UNS N06625 for Refinery and UNS N08800 for Nuclear sector
2014: Received first order from LNG sector for Supply of Stainless Steel Seamless Pipes with painting
2014: Breakthrough in USA market for Supply of Stainless Steel Seamless & Welded Pipes for DOW Chemicals & Exxon Mobil’s Baytown Project
2014: Developed ERW pipes of 18 meters in length at Kutch works and successfully executed 152 km ERW pipe order in 18 meters length for transport of ethane gas for a reputed chemical company in USA
2014: 3 LPE coating and internal coating plant upgraded from 64' to 120' diameter pipes
2014: Developed facility to manufacture 8NPS and 10NPS Diameter pipes in LSAW.
2015: Developed LSAW Pipes Manufacturing facility up-to 32 mm thickness (Earlier Capacity was 25 mm thickness)
2016: Supplied 24 meter long Seamless Tubes in size 12.7 mm OD with Special Chemistry for Heat Tracing application
2017: Supply of Stainless Steel Welded Piggable Pipes
2017: Breakthrough in LNG sector for Supply of Stainless Steel Welded Pipes
2017: Supply of Stainless Steel Seamless Tubes for CNG Sector
2017: Highest Order booking in Company’s History for the Stainless Steel Division
2017: Highest Order booking in Company’s History for the LSAW Division
2017: Highest Order booking in Company’s History for the HSAW Division
2017: Introduced Induction Bending Facility for the pipe size ranging from 4” to 48” diameter
2018: Ratnamani Metals & Tubes Ltd receives domestic order of Rs 82 crore
2019: The company has received a domestic order for supply of welded carbon steel pipes
2020: the Company became an approved supplier of Condenser Tubes in stainless steel as well as in titanium to one of the major international Atomic energy corporation