Ratnamani Metals & Tubes Limited vs Usha Martin Limited
An objective side-by-side of RATNAMANI and USHAMART, both in Steel - Medium / Small: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: RATNAMANI Mar 2026 · USHAMART Jun 2026
At a glance
- Ratnamani Metals & Tubes Limited is the larger company by market value, about 1.2 times the size of Usha Martin Limited.
- On trailing earnings, Usha Martin Limited trades at the lower P/E (32.0 against 35.3).
- Usha Martin Limited earns the higher return on equity (15.4% against 13.4%).
- Over three years Usha Martin Limited has grown profits faster (13% a year against -1%).
- Over the past year the share prices returned +15.4% (RATNAMANI) and +38.1% (USHAMART).
| Metric | Ratnamani Metals RATNAMANI |
Usha Martin USHAMART |
|---|---|---|
| Size and price | ||
| Market cap | ₹19,464 Cr | ₹16,252 Cr |
| Share price | ₹2,777 | ₹533.90 |
| Valuation | ||
| P/E | 35.26 | 31.99 |
| P/B | 4.73 | 4.92 |
| EV/EBITDA | 25.97 | 21.43 |
| PEG | — | 2.46 |
| Dividend yield | 0.5% | 0.6% |
| Profitability | ||
| ROE | 13.4% | 15.4% |
| ROCE | 18.0% | 20.0% |
| Operating margin | 17.3% | 20.0% |
| Sales (TTM) | ₹4,405 Cr | ₹3,837 Cr |
| Net profit (TTM) | ₹552 Cr | ₹508 Cr |
| Growth | ||
| Latest quarter sales YoY | -36.7% | +16.4% |
| Latest quarter profit YoY | -42.9% | +40.9% |
| Sales CAGR 3Y | +0.0% | +4.0% |
| Profit CAGR 3Y | -1.0% | +13.0% |
| Sales CAGR 5Y | +14.0% | +12.0% |
| Profit CAGR 5Y | +12.0% | +28.0% |
| Financial strength | ||
| Debt/Equity | 0.08 | 0.07 |
| Interest cover | 26.09 | 29.08 |
| Ownership | ||
| Promoter holding | 59.8% | 40.3% |
| Promoter change (4 qtrs) | +0.00 pp | -2.17 pp |
| Price performance | ||
| Return 1M | +21.28% | +7.72% |
| Return 3M | +0.90% | +11.08% |
| Return 1Y | +15.39% | +38.08% |
| Return YTD | +16.65% | +17.60% |
| Technical condition | ||
| Technical score | 76 | 78 |
| RS rating (1-99) | 65.00 | 78.00 |
| % vs 200-DMA | +13.81% | +16.13% |
| RSI (14) | 57.94 | 65.97 |
| % from 52-week high | -16.98% | -1.60% |
