Flash Finance

Ratnamani Metals & Tubes LimitedRATNAMANICorporate

Basic Materials Steel Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹2,523.90
MCap ₹17,691 Cr · P/E 40.8
Ratnamani Metals & Tubes Limited — Stock analysis & AI research Ratnamani Metals & Tubes Limited — Multibagger AI analysis Ratnamani Metals & Tubes Limited — Seasonality — best & worst months Ratnamani Metals & Tubes Limited — Technical indicators & charts Ratnamani Metals & Tubes Limited — Technical setup — score, trend, support & resistance Ratnamani Metals & Tubes Limited — Live exchange announcements
📋 High Interest Coverage Stocks📋 Low Debt Stocks📋 Small Cap Stocks List ⚖️ vs Sarda Energy⚖️ vs Usha Martin 🏭 Metal sector
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.
₹893 Cr
Sales · Mar 2026
-43.3% YoY
₹122 Cr
Operating Profit · Mar 2026
-58.2% YoY
13.7%
OPM % · Mar 2026
-25.9% YoY
₹93 Cr
Net Profit · Mar 2026
-58.7% YoY
₹13.25
EPS · Mar 2026
-58.7% YoY

📝 Ratnamani Metals & Tubes Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Ratnamani Metals & Tubes Limited reported revenue of ₹893 crore for the quarter ended March 2026 (Q4 FY26), down 43.3% from ₹1,575 crore in the same quarter last year, and up 12.5% sequentially over the December 2025 quarter.

Net profit fell 58.7% year-on-year to ₹93 crore, from ₹225 crore. Earnings per share (EPS) came in at ₹13.25.

Operating profit stood at ₹122 crore — an operating margin (OPM) of 13.7%, compared with 18.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Ratnamani Metals & Tubes Limited posted revenue of ₹3,689 crore, a decline of 24.3% over FY25, with a net profit of ₹434 crore (down 24.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹3,689 crore with a net profit of ₹434 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 40.8.

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 ?
40.76above ind
Industry P/E ?
28.90
P/B ?
4.33
P/S ?
4.79
P/FCF ?
26.09
Enterprise Value ?
₹17,704 Cr
EV/EBITDA ?
30.03
PEG ?
N/A
Earnings Yield ?
2.7%
Dividend Yield ?
0.56%
Profitability & Returns
Sales (TTM) ?
₹3,689 Cr
OPM ?
16.0%
Profit after tax (TTM) ?
₹434 Cr
EPS (TTM) ?
₹61.93
ROCE ?
15.0%
ROE ?
10.6%
ROA ?
9.4%
Growth
Sales — latest qtr ?
₹893 Cr
PAT — latest qtr ?
₹93 Cr
YoY qtr sales growth ?
-43.3%
YoY qtr profit growth ?
-58.7%
Sales growth (3y) ?
-5%
Sales growth (5y) ?
10%
Profit growth (3y) ?
-5%
Profit growth (5y) ?
10%
Financial Health
Debt ?
₹13 Cr
Debt to Equity ?
0.00
Interest Coverage ?
46.6
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 (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 1,4361,1121,0721,1991,4241,1108981,2941,5751,062940794893 -43.3% +12.5%
Operating Profit 292199240194240155149214292192140136122 -58.2% -10.3%
Other Income 681313131220143835341035 -7.9% +250.0%
Interest 7567959444312 -50.0% +100.0%
Depreciation 20212021212222232427272829 +20.8% +3.6%
Profit Before Tax 271182226179222139137200301195144136126 -58.1% -7.4%
Net Profit 1961371691341681051021462251451088893 -58.7% +5.8%
EPS 27.9719.4924.1619.1923.9915.0214.6220.7632.0620.6815.4412.5413.25 -58.7% +5.7%
OPM % 20.3% 17.9% 22.4% 16.2% 16.9% 14.0% 16.6% 16.5% 18.5% 18.0% 14.9% 17.1% 13.7% -25.9% -19.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹4,877 Cr ₹3,689 Cr ₹3,689 Cr -24.3%
Operating Profit ₹810 Cr ₹590 Cr ₹590 Cr -27.2%
OPM % 16.61% 15.98% 15.98% -3.8%
NPM % 11.85% 11.76% 11.76% -0.8%
Other Income ₹84 Cr ₹114 Cr ₹114 Cr +36.3%
Depreciation ₹91 Cr ₹111 Cr ₹111 Cr +22.0%
Interest ₹22 Cr ₹10 Cr ₹10 Cr -53.7%
EBIT ₹719 Cr ₹479 Cr ₹479 Cr -33.4%
PBT ₹778 Cr ₹602 Cr ₹602 Cr -22.7%
Tax ₹55 Cr ₹50 Cr ₹50 Cr -8.2%
Net Profit ₹578 Cr ₹434 Cr ₹434 Cr -24.9%
EPS ₹82.46 ₹61.91 ₹61.91 -24.9%
Material Cost ₹707 Cr ₹717 Cr ₹717 Cr +1.5%
Employee Cost ₹68 Cr ₹73 Cr ₹73 Cr +7.7%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 14141414 +0.0%
Reserves 2,6853,2073,6954,067 +10.1%
Borrowings 159531513 -13.3%
Other Liabilities 712512883538 -39.1%
Total Liabilities 3,5703,7864,6074,632 +0.5%
Fixed Assets 9419551,0971,276 +16.3%
CWIP 87158148185 +25.0%
Investments 244198328820 +150.0%
Other Assets 2,2982,4753,0342,351 -22.5%
Total Assets 3,5703,7864,6074,632 +0.5%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 317489521976 +87.3%
Cash from Investing Activity -243-109-347-1,025 -195.4%
Cash from Financing Activity -83-208-160-106 +33.8%
Net Cash Flow -917214-155 -1207.1%
Free Cash Flow 192316309678 +119.4%
CFO/OP 61%81%87%193% +121.8%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 81689782 -15.5%
Inventory Days 151146141159 +12.8%
Days Payable 41353826 -31.6%
Cash Conversion Cycle 190178200216 +8.0%
Working Capital Days 125134145236 +62.8%
ROCE % 27%27%22%15% -31.8%

👥 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 ₹893 crore for the quarter ended March 2026 (Q4 FY26), down 43.3% from ₹1,575 crore in the same quarter last year, and up 12.5% sequentially over the December 2025 quarter.
What was Ratnamani Metals & Tubes Limited's net profit in Q4 FY26?
Net profit fell 58.7% year-on-year to ₹93 crore, from ₹225 crore. Earnings per share (EPS) came in at ₹13.25.
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 40.8.
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