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.
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