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Ratnamani Metals & Tubes LimitedRATNAMANICorporate

Basic Materials Steel Latest results: Mar 2026 14 quarters of data
Consolidated Standalone
₹2,523.90
MCap ₹17,691 Cr · P/E 33.1
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,085 Cr
Sales · Mar 2026
-36.7% YoY
₹154 Cr
Operating Profit · Mar 2026
-49.0% YoY
14.2%
OPM % · Mar 2026
-19.3% YoY
₹116 Cr
Net Profit · Mar 2026
-42.9% YoY
₹14.93
EPS · Mar 2026
-49.5% YoY

📝 Ratnamani Metals & Tubes Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Ratnamani Metals & Tubes Limited reported revenue of ₹1,085 crore for the quarter ended March 2026 (Q4 FY26), down 36.7% from ₹1,715 crore in the same quarter last year, and up 1.8% sequentially over the December 2025 quarter.

Net profit fell 42.9% year-on-year to ₹116 crore, from ₹203 crore. Earnings per share (EPS) came in at ₹14.93.

Operating profit stood at ₹154 crore — an operating margin (OPM) of 14.2%, compared with 17.6% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Ratnamani Metals & Tubes Limited posted revenue of ₹4,495 crore, a decline of 13.3% over FY25, with a net profit of ₹534 crore (down 1.3% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹4,495 crore with a net profit of ₹534 crore.

Valuation snapshot

At the current price of ₹2,523.90, RATNAMANI has a market capitalisation of ₹17,691 crore and a trailing P/E of about 33.1.

Within the Steel industry, it is the 12th-largest of the 18 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 59.77%, foreign institutional investors (FIIs) 10.94%, domestic institutional investors (DIIs) 18.93%, the government 0.02%, public shareholders 10.33% of Ratnamani Metals & Tubes Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹17,691 Cr
Current Price ?
₹2,523.9
P/E ?
33.13above ind
Industry P/E ?
28.90
P/B ?
4.30
P/S ?
3.94
P/FCF ?
39.14
Enterprise Value ?
₹18,009 Cr
EV/EBITDA ?
23.76
PEG ?
N/A
Earnings Yield ?
3.5%
Dividend Yield ?
0.56%
Profitability & Returns
Sales (TTM) ?
₹4,495 Cr
OPM ?
16.9%
Profit after tax (TTM) ?
₹534 Cr
EPS (TTM) ?
₹76.19
ROCE ?
18.0%
ROE ?
13.0%
ROA ?
9.9%
Growth
Sales — latest qtr ?
₹1,085 Cr
PAT — latest qtr ?
₹116 Cr
YoY qtr sales growth ?
-36.7%
YoY qtr profit growth ?
-42.9%
Sales growth (3y) ?
0%
Sales growth (5y) ?
14%
Profit growth (3y) ?
-1%
Profit growth (5y) ?
12%
Financial Health
Debt ?
₹318 Cr
Debt to Equity ?
0.08
Interest Coverage ?
20.2
Current Ratio ?
N/A
Ownership
Promoter holding ?
59.77%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
-2.3%
Return 6 months ?
2.5%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 1,0991,4991,1751,1311,2571,4961,1849711,3161,7151,1521,1921,0661,085 -36.7% +1.8%
Operating Profit 199301206245200246144154204302188211205154 -49.0% -24.9%
Other Income 72911153162019930141541 +355.6% +177.4%
Interest 8141011131210147711776 -14.3% -18.7%
Depreciation 2025242425252626272932323335 +20.7% +6.1%
Profit Before Tax 176268181221178248140134188276176199177154 -44.2% -13.0%
Net Profit 13219313516413319310699133203127156135116 -42.9% -14.1%
EPS 19.0227.3319.1023.3818.9627.4215.0014.3218.7329.5518.8119.4315.6714.93 -49.5% -4.7%
OPM % 18.1% 20.1% 17.5% 21.7% 15.9% 16.4% 12.2% 15.9% 15.5% 17.6% 16.3% 17.7% 19.2% 14.2% -19.3% -26.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹5,186 Cr ₹4,495 Cr ₹4,495 Cr -13.3%
Operating Profit ₹804 Cr ₹758 Cr ₹758 Cr -5.7%
OPM % 15.51% 16.86% 16.86% +8.7%
NPM % 10.43% 11.88% 11.88% +13.9%
Other Income ₹54 Cr ₹100 Cr ₹100 Cr +84.8%
Depreciation ₹108 Cr ₹132 Cr ₹132 Cr +22.2%
Interest ₹38 Cr ₹31 Cr ₹31 Cr -17.7%
EBIT ₹696 Cr ₹626 Cr ₹626 Cr -10.1%
PBT ₹738 Cr ₹707 Cr ₹707 Cr -4.3%
Tax — — — —
Net Profit ₹541 Cr ₹534 Cr ₹534 Cr -1.3%
EPS ₹77.60 ₹68.84 ₹68.84 -11.3%
Material Cost — — — —
Employee Cost — — — —
Extraordinary Items — ₹-18 Cr ₹-18 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 14141414 +0.0%
Reserves 2,5903,1273,6234,097 +13.1%
Borrowings 237153157318 +102.5%
Other Liabilities 9397261,108959 -13.4%
Total Liabilities 3,7804,0204,9035,388 +9.9%
Fixed Assets 1,1221,1641,3481,611 +19.5%
CWIP 101167190302 +58.9%
Investments 13589180644 +257.8%
Other Assets 2,4222,6013,1852,831 -11.1%
Total Assets 3,7804,0204,9035,388 +9.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 310511536936 +74.6%
Cash from Investing Activity -204-146-388-1,148 -195.9%
Cash from Financing Activity -116-193-13059 +145.4%
Net Cash Flow -1017318-152 -944.4%
Free Cash Flow 173302230452 +96.5%
CFO/OP 59%82%87%147% +69.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 82688982 -7.9%
Inventory Days 156148163174 +6.7%
Days Payable 46395046 -8.0%
Cash Conversion Cycle 192177202210 +4.0%
Working Capital Days 123128134200 +49.3%
ROCE % 27%28%22%18% -18.2%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 59.77%59.77%59.77%59.77%59.77% +0.0%
FIIs 11.28%11.15%11.11%10.60%10.94% +3.2%
DIIs 19.18%18.79%18.92%19.45%18.93% -2.7%
Government 0.02%0.02%0.02%0.02%0.02% +0.0%
Public 9.74%10.26%10.19%10.15%10.33% +1.8%
No. of Shareholders 32,42240,48639,51638,60137,327 -3.3%

⚖️ Peer comparison

Industry: Steel · 18 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 JSWSTEEL JSW Steel ₹1,253.70 306,006 11.1 189,687 27,995 16.6% 14.8% 9.9% 630.7% 9.8% 112.6%
2 TATASTEEL Tata Steel ₹183.00 228,280 20.7 239,756 11,264 15.1% 4.7% 6.2% 243.0% 14.3% 18.8%
3 JINDALSTEL Jindal Steel ₹1,104.00 112,331 41.4 56,454 2,709 16.5% 4.8% 7.0% 18.1% 25.8% -43.6%
4 LLOYDSME Lloyds Metals ₹1,802.00 101,379 20.8 22,083 4,920 36.8% 22.3% 157.3% 164.0% 208.6% 170.2%
5 SAIL Steel Authority ₹179.00 73,936 17.3 111,134 4,272 12.0% 3.8% 8.1% 42.2% 1.2% 120.8%
6 NMDC NMDC ₹81.89 71,996 9.6 32,127 7,458 28.8% 23.2% 34.8% 13.8% 0.8% 0.4%
7 WELCORP Welspun ₹2,424.50 63,935 27.7 17,300 2,319 13.9% 13.4% 20.0% -14.8% 14.9% 200.3%
8 JSL Jindal Stainless ₹751.20 61,895 19.1 44,026 3,238 12.7% 7.4% 9.3% 27.4% 10.5% 7.6%
9 APLAPOLLO APL Apollo ₹2,149.30 59,677 48.5 23,064 1,229 8.0% 5.3% 9.4% 42.9% 8.4% 126.7%
10 SHYAMMETL Shyam Metalics ₹1,076.90 29,973 26.6 19,574 1,121 12.9% 5.7% 22.5% 16.6% 23.5% 20.7%
11 KIOCL KIOCL ₹356.85 21,688 n/m 680 38 -0.8% 5.7% 3.8% 107.9% 73.8% 59.0%
12 RATNAMANI Ratnamani Metals ₹2,827.00 19,815 41.9 4,495 534 16.9% 11.9% -13.3% -1.3% -36.7% -42.9%
13 JINDALSAW Jindal Saw ₹306.10 19,518 29.3 18,501 498 9.5% 2.7% -14.1% -36.5% 5.6% -74.5%
14 SARDAEN Sarda Energy ₹523.50 18,447 16.3 5,666 1,151 32.2% 20.3% 22.6% 60.7% -1.5% 9.5%
15 GPIL Godawari Power ₹239.40 15,575 19.2 5,808 808 21.7% 13.9% 0.1% -1.4% 32.3% 2.9%
16 USHAMART Usha Martin ₹478.85 14,576 28.8 3,837 508 20.0% 13.2% 6.3% 15.0% 16.4% 40.9%
17 GALLANTT Gallantt Ispat ₹550.00 13,270 27.3 4,420 486 16.2% 11.0% 3.0% 21.3% 12.4% 6.0%
18 BLEL Behari Lal ₹485.65 — — — — — — — — 18.5% 28.0%
❓ Frequently asked questions
What was Ratnamani Metals & Tubes Limited's revenue in Q4 FY26?
Ratnamani Metals & Tubes Limited reported revenue of ₹1,085 crore for the quarter ended March 2026 (Q4 FY26), down 36.7% from ₹1,715 crore in the same quarter last year, and up 1.8% sequentially over the December 2025 quarter.
What was Ratnamani Metals & Tubes Limited's net profit in Q4 FY26?
Net profit fell 42.9% year-on-year to ₹116 crore, from ₹203 crore. Earnings per share (EPS) came in at ₹14.93.
What is RATNAMANI's market capitalisation and P/E ratio?
At the current price of ₹2,523.90, RATNAMANI has a market capitalisation of ₹17,691 crore and a trailing P/E of about 33.1.
Who owns Ratnamani Metals & Tubes Limited? (shareholding pattern)
As of Sep 2026, promoters held 59.77%, foreign institutional investors (FIIs) 10.94%, domestic institutional investors (DIIs) 18.93%, the government 0.02%, public shareholders 10.33% of Ratnamani Metals & Tubes Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI