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 2026-11-05 close
Latest results: RATNAMANI Jun 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 (29.2 against 33.5).
- Usha Martin Limited earns the higher return on equity (15.4% against 12.5%).
- Over three years Usha Martin Limited has grown profits faster (13% a year against -1%).
- Over the past year the share prices returned +1.5% (RATNAMANI) and +6.1% (USHAMART).
| Metric | Ratnamani Metals RATNAMANI |
Usha Martin USHAMART |
|---|---|---|
| Size and price | ||
| Market cap | ₹17,201 Cr | ₹14,844 Cr |
| Share price | ₹2,454.10 | ₹487.65 |
| Valuation | ||
| P/E | 33.46 | 29.22 |
| P/B | 4.18 | 4.50 |
| EV/EBITDA | 23.93 | 19.60 |
| PEG | — | 2.25 |
| Dividend yield | 0.6% | 0.6% |
| Profitability | ||
| ROE | 12.5% | 15.4% |
| ROCE | 18.0% | 20.0% |
| Operating margin | 17.0% | 20.0% |
| Sales (TTM) | ₹4,314 Cr | ₹3,837 Cr |
| Net profit (TTM) | ₹514 Cr | ₹508 Cr |
| Growth | ||
| Latest quarter sales YoY | -15.7% | +16.4% |
| Latest quarter profit YoY | -15.7% | +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 | 20.16 | 29.08 |
| Ownership | ||
| Promoter holding | 59.8% | 40.1% |
| Promoter change (4 qtrs) | +0.00 pp | -1.66 pp |
| Price performance | ||
| Return 1M | -5.66% | -5.62% |
| Return 3M | +3.05% | -6.27% |
| Return 1Y | +1.53% | +6.05% |
| Return YTD | +3.09% | +7.41% |
| Technical condition | ||
| Technical score | 49 | 50 |
| RS rating (1-99) | 68.00 | 67.00 |
| % vs 200-DMA | -0.59% | +4.44% |
| RSI (14) | 48.36 | 52.80 |
| % from 52-week high | -26.63% | -10.13% |
