Ratnamani Metals & Tubes Ltd

Ratnamani Metals Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ratnamani Metals & Tubes Ltd

₹ 3,717 0.79%
02 Sep - close price
ratnamani.com BSE: 520111 NSE: RATNAMANI
About

Ratnamani Metals & Tubes Ltd is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes from its manufacturing facilities in India.[1]

Key Points

Product Portfolio & revenue split
The company's product portfolio comprises Nickel Alloy/ Stainless steel seamless tubes & pipes, stainless steel welded tubes & pipes, titanium welded tubes, carbon steel pipes, etc. [1] In Q3FY22, 77% of the revenues were generated from the carbon steel segment and remaining 23% from the stainless steel segment. [2]

Website BSE NSE
  • Market Cap ₹ 26,055 Cr.
  • Current Price ₹ 3,717
  • High / Low ₹ 3,939 / 2,510
  • Stock P/E 45.1
  • Book Value ₹ 460
  • Dividend Yield 0.38 %
  • ROCE 27.3 %
  • ROE 20.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 19.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.6%

Cons

  • Stock is trading at 8.09 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
526 712 927 974 977 900 1,057 1,436 1,112 1,072 1,199 1,424 1,110
441 600 796 805 846 755 863 1,144 913 831 1,005 1,184 956
Operating Profit 85 111 131 169 131 145 195 292 199 240 194 240 155
OPM % 16% 16% 14% 17% 13% 16% 18% 20% 18% 22% 16% 17% 14%
8 9 11 10 9 10 6 6 8 13 13 13 12
Interest 5 5 5 6 5 5 6 7 5 6 7 9 5
Depreciation 19 19 19 23 19 19 19 20 21 20 21 21 22
Profit before tax 68 96 118 149 116 132 176 271 182 226 179 222 139
Tax % 26% 26% 24% 25% 25% 25% 25% 28% 25% 25% 25% 24% 24%
50 72 89 112 87 99 132 196 137 169 134 168 105
EPS in Rs 7.16 10.20 12.71 15.92 12.38 14.09 18.89 27.97 19.49 24.16 19.18 23.99 15.02
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,201 1,353 1,687 1,718 1,412 1,767 2,755 2,586 2,298 3,139 4,370 4,807 4,805
962 1,094 1,388 1,431 1,154 1,501 2,348 2,159 1,898 2,644 3,608 3,933 3,976
Operating Profit 239 259 299 287 257 266 407 426 400 495 762 874 829
OPM % 20% 19% 18% 17% 18% 15% 15% 16% 17% 16% 17% 18% 17%
17 11 25 16 14 32 41 59 43 38 31 46 51
Interest 12 10 9 6 6 10 15 21 23 21 23 27 28
Depreciation 42 46 54 57 60 61 62 59 57 80 76 84 85
Profit before tax 202 214 261 240 205 228 371 406 363 431 694 810 767
Tax % 33% 33% 34% 31% 30% 33% 32% 24% 24% 25% 26% 25%
136 143 173 165 144 152 253 308 276 322 514 609 577
EPS in Rs 19.53 20.40 24.61 23.57 20.58 21.65 36.08 43.87 39.36 45.99 73.34 86.83 82.35
Dividend Payout % 14% 15% 15% 16% 18% 18% 17% 18% 24% 20% 16% 16%
Compounded Sales Growth
10 Years: 14%
5 Years: 12%
3 Years: 28%
TTM: 7%
Compounded Profit Growth
10 Years: 15%
5 Years: 19%
3 Years: 30%
TTM: 2%
Stock Price CAGR
10 Years: 29%
5 Years: 44%
3 Years: 38%
1 Year: 36%
Return on Equity
10 Years: 18%
5 Years: 18%
3 Years: 19%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 14 14
Reserves 637 757 899 1,035 1,178 1,299 1,513 1,699 1,977 2,238 2,685 3,207
136 81 39 23 -0 79 65 252 207 157 159 53
246 300 278 250 226 359 465 584 422 557 712 512
Total Liabilities 1,029 1,148 1,226 1,317 1,413 1,746 2,052 2,544 2,616 2,961 3,570 3,786
390 442 425 446 448 445 440 500 865 875 941 955
CWIP 23 13 42 48 38 47 179 371 76 107 87 158
Investments 29 54 20 24 74 0 203 155 637 109 244 198
586 639 739 799 853 1,254 1,230 1,518 1,038 1,871 2,298 2,475
Total Assets 1,029 1,148 1,226 1,317 1,413 1,746 2,052 2,544 2,616 2,961 3,570 3,786

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
236 160 146 156 135 -73 554 215 545 -272 317 489
-63 -109 -52 -11 -104 21 -360 -358 -470 406 -243 -109
-184 -85 -74 -179 -28 42 -56 47 -79 -135 -83 -208
Net Cash Flow -11 -35 20 -34 4 -10 137 -96 -3 -0 -9 172

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 75 48 83 110 115 61 52 64 70 81 68
Inventory Days 115 109 112 95 141 184 113 185 133 193 151 146
Days Payable 50 66 41 40 48 62 56 57 60 55 41 35
Cash Conversion Cycle 142 118 119 138 202 237 118 180 137 208 190 178
Working Capital Days 89 88 86 121 167 190 86 104 85 151 134 138
ROCE % 27% 28% 30% 25% 19% 18% 26% 24% 19% 20% 27% 27%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
60.16% 60.16% 60.16% 60.16% 60.10% 60.10% 60.06% 59.77% 59.77% 59.77% 59.77% 59.77%
11.92% 12.01% 12.13% 12.28% 12.51% 12.51% 12.77% 12.79% 12.87% 12.77% 12.86% 12.61%
15.27% 16.02% 16.26% 16.36% 16.25% 16.34% 16.39% 16.45% 16.47% 16.28% 16.14% 16.58%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
12.65% 11.81% 11.45% 11.20% 11.14% 11.03% 10.76% 10.99% 10.87% 11.15% 11.22% 11.03%
No. of Shareholders 16,35216,31016,83018,74420,28720,18427,40326,56128,77834,25339,19039,503

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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