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Ratnamani Metals & Tubes Ltd share Price Today

Company details

3,374.90
3,374.90
2,262.00
3,938.80
6M Return -4.78%
1Y Return 43.52%
Mkt Cap.(Cr) 23,655.35
Volume 55
Div Yield 0.42%
OI
-
OI Chg %
-
Volume 55

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Healthy show; EBITDA margin surprises positively…
About The Stock

    Ratnamani Metals & Tubes (RMTL) is a niche player with superior capabilities in the domestic industrial pipes and tube segment. RMTL manufactures a wide range of stainless steel and carbon steel pipes & tubes, which find application in key end user industries like oil & gas refineries, power, healthcare, etc.

    • RMTL has an impeccable capital allocation strategy and best in class operating margins and return ratios
    • RMTL has healthy cash flows and a strong balance sheet. It is one of the few players in the steel pipe sector having net cash position on its balance-sheet
Q3FY23

    RMTL reported a healthy Q3FY23 performance aided by robust EBITDA margins.

    • For Q3FY23, RMTL reported total sales volume of 66314 tonnes, up 18% QoQ but down 8% YoY, broadly in line with our estimate of 67500 tonnes. Standalone revenue from operations for the quarter was at ₹ 1057 crore, up 14% YoY, 18% QoQ, higher than our estimate of ₹ 1029 crore

     

    • Standalone EBITDA was at ₹ 195 crore, up 50% YoY, 34% QoQ, higher than our estimate of ₹ 154 crore. EBITDA margin was at 18.4%, up 440 bps YoY and 230 bps QoQ, significantly higher than our estimate of 14.9%. During the quarter, RMTL’s gross margins were at 35.2% compared to 28.7% in Q3FY22 and 34.3% in Q2FY23. Gross margin expansion aided RMTL to report healthy EBITDA margins during the quarter

     

    • Ensuing standalone PAT for the quarter was at ₹ 132 crore, up 49% YoY and 34% QoQ, higher than our estimate of ₹ 105 crore

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Ratnamani Metals & Tubes Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Strong QoQ EPS Growth in recent results

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 3,403.5
R2 3,453.6
R3 3,517.3
Pivot

3,339.78

S1 3,289.7
S2 3,226.0
S3 3,175.9
EMA SMA
3,157.3
3,078.4
3,061.4
2,945.9
3,152.3
2,966.7
3,102.0
3,020.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 3298.2 56516 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 3298.2 56516 BSE
THE VANGUARD GROUP INC A/C VANGUARD EMERG. MKTS STOCK INDEXFD A SERIES OF V I E I F Bulk Purchase 2021-03-19 1889.83 334361 NSE
Name Category Shares
Prakash M. Sanghvi & Reshmi Sanghvi PROMOTER 14.03%
Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi PROMOTER 7.02%
Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi PROMOTER 4.32%
Sanghvi Prakashmal Mishrimal (HUF) PROMOTER 3.42%
Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi PROMOTER 3.35%
Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi PROMOTER 3.2%
Vimla Pavan Sanghvi & Pavan Mishrimal Sanghvi & Prakash M. Sanghvi PROMOTER 2.34%
Manoj P. Sanghvi & Dimple M. Sanghvi & Jayanti M. Sanghvi PROMOTER 2.02%
Nilesh Prakash Sanghvi & Prakash Mishrimal Sanghvi & Jayanti M. Sanghvi PROMOTER 1.96%
Shashi Shantilal Sanghvi & Shantilal Mishrimal Sanghvi & Prakash M. Sanghvi PROMOTER 1.79%
Prashant J. Sanghvi & Sarika Prashant Sanghvi & Prakash M. Sanghvi PROMOTER 1.66%
Jigar Prakash Sanghvi & Prakash Mishrimal Sanghvi & Jayanti M. Sanghvi PROMOTER 1.62%
Jayantilal M Sanghvi (HUF) PROMOTER 1.45%
Chunilal M. Sanghvi & Arunaben C. Sanghvi & Prakash M. Sanghvi PROMOTER 1.39%
Shantaben Babulal Sanghvi & Babulal M. Sanghvi & Prakash Mishrimal Sanghvi PROMOTER 1.37%
Ravi Pavan Sanghvi & Pavan Mishrimal Sanghvi & Prakash M. Sanghvi PROMOTER 1.24%
Sanghvi Shantilal Mishrimal (HUF) PROMOTER 0.99%
Pavankumar Mishrimal Sanghvi (HUF) PROMOTER 0.99%
Shobhnadevi Jayantilal Sanghvi & Jayantilal Sanghvi & Prakash M Sanghvi PROMOTER 0.98%
Jitendra Babulal Sanghvi & Babulal M. Sanghvi & Prakash M. Sanghvi PROMOTER 0.77%
Yash Shantilal Sanghvi & Shantilal Mishrimal Sanghvi & Prakash M. Sanghvi PROMOTER 0.67%
Usha M. Sanghvi & Mahendra C. Sanghvi & Prakash M. Sanghvi PROMOTER 0.56%
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi PROMOTER 0.54%

OUR RESEARCH VIEW

Investment recommendation
Healthy show; EBITDA margin surprises positively…
Call Date
14 Feb 2023
Entry Price 2,164.00
Target Price 2,500.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Ratnamani Metals & Tubes Ltd Stocks COMPARISON

Financials( in Cr) Ratnamani Metals & Tubes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 3,374.90 912.00 173.05 1,065.00 3,725.00
% Change 0.64 -0.41 -0.14 -1.18 0.68
Mcap Cr 23,655.35 223,025.40 216,027.52 108,639.37 72,042.25
Revenue TTM Cr 4,474.40 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 512.28 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 37.74 26.59 87.97 18.52 107.55
1 Year Return 43.52 29.44 64.81 102.80 37.34
ROCE 27.08 8.60 12.10 14.17 33.06
ROE 21.12 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,603.91 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 41,960.24 -29,509.50
LAST 3M 102,987.80 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,691.56 126,663.80
Ratnamani Metals & Tubes Limited - Copy of Newspaper Publication

May 21, 2024 l NSE Announcement

Ratnamani Metals & Tubes Limited - Copy of Newspaper Publication

May 18, 2024 l NSE Announcement

Ratnamani Metals & Tubes Limited - Dividend

May 17, 2024 l NSE Announcement

Date Action Type Ratio
Jul 27, 2023 Dividend 600
Aug 01, 2022 Dividend 466.5
Jun 30, 2022 Bonus 1:2

Ratnamani Metals & Tubes Ltd Information

Stock PE (TTM)
37.74
Promoter Holding
59.77%
Book Value
448.058
ROCE
27.08%
ROE
21.12%
Description
  • Ratnamani Metals and Tubes, established in 1983, is a producer and marketer of piping and tubing products. It provides carbon steel welded pipes, stainless steel welded pipes, and seamless pipes and tubes. The company operates several manufacturing facilities in Gujarat and has its registered office in Ahmedabad. Exports to other countries account for 40% of the company’s sales.

    On 21 January 2023, the market capitalisation of the company was Rs 13,578.57 crore. It reported consolidated sales of Rs 899.8 crore at the end of September 2022. The company is listed on the Bombay Stock Exchange with the code 520111 and on the National Stock Exchange (NSE) with the code RATNAMANI. 

    Prakash M Sanghvi is the chairman of the company. Jayanti M Sanghvi, Shanti M Sanghvi, Divyabhash C Anjaria, Nidhi G Gadhecha, Pravinchandra M Mehta, and Vinod Kumar M Agrawal are some of the other directors, and Vimal Katta is the chief financial officer of the company. Kantilal Patel & Co. and SRBC & Co LLP are the company auditors.

    On 21 January 2023, Ratnamani Metals and Tubes’ share price on Rs 1,964.40 on BSE and Rs 1,964.900 on the NSE. The share price touched a 52-week high of Rs 2,140.60 and a 52-week low of Rs 1,240.92. Its three-month return to investors was -2.5%, while its one-month return was 53.47%.

    The promoters of Ratnamani Metals and Tubes have a stake of 60.10% in the company, while non-institutional investors have a stake of 11.05%. Domestic institutional investors and foreign institutional investors have a consolidated stake of 28.7% in the company. 

    Kotak Emerging Equity Direct-G has invested a total of Rs 340 crore in the company. DSP Small Cap Direct-G has invested Rs 300.4 crore in the company, while Kotak Small Cap Direct-G has invested Rs 281.1 crore in Ratnamani Metals and Tubes.

    The company saw a trailing twelve-month (TTM) revenue of Rs 2,43,959.17 crore on 31 December 2022. On the same day, the company’s net profit (TTM) was Rs 41,749.32 crore.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

17 Rajmugat Society, Naranpura Char Rasta Naranpura, Ahmedabad, Gujarat, 380013

Tel : 91-79-27415501-4
Email : anil.maloo:ratnamani.com
Website : http://www.ratnamani.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 520111
NSE Code : RATNAMANI
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE703B01027

FAQ’s on Ratnamani Metals & Tubes Ltd Shares

You can buy Ratnamani Metals & Tubes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ratnamani Metals & Tubes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 23, 2024 09:07 AM the closing price of Ratnamani Metals & Tubes Ltd was Rs.3,374.90.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 23, 2024 09:07 AM, the market cap of Ratnamani Metals & Tubes Ltd stood at Rs. 23,655.35.

The latest PE ratio of Ratnamani Metals & Tubes Ltd as of May 23, 2024 09:07 AM is 37.74

The latest PB ratio of Ratnamani Metals & Tubes Ltd as of May 23, 2024 09:07 AM is 0.13

The 52-week high of Ratnamani Metals & Tubes Ltd share price is Rs. 3,938.80 while the 52-week low is Rs. 2,262.00

According to analyst recommendations, Ratnamani Metals & Tubes Ltd Share has a "Buy" rating for the long term.

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