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Ratnamani Metals & Tubes Ltd share Price

Company details

2,308.25
2,339.90
1,553.55
2,740.00
6M Return 17.46%
1Y Return -10.99%
Mkt Cap.(Cr) 16,244.17
Volume 32,857
Div Yield 0.52%
OI
-
OI Chg %
-
Volume 32,857

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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 flow and strong balance-sheet. It is one of the few players in the steel pipe sector having net cash position on its balance-sheet

Q4FY22 Results

    RMTL reported a healthy performance for Q4FY22.

    • For Q4FY22, revenue from operations was at  974 crore (up 40% YoY and 5% QoQ), higher than our estimate of  913 crore
    • EBITDA for the quarter was at  169 crore (up 6% YoY and 29% QoQ), higher than our estimate of  146 crore. EBITDA margin for the quarter was at 17.3%, higher than our estimate of 16.0% (EBITDA margin of 22.8% in Q4FY21 and 14.1% in Q3FY22). Ensuing PAT for the quarter was at  112 crore (up 2% YoY and 25% QoQ), higher than our estimate of  100 crore
    • RMTL has recommended a bonus issue in ratio of 1:2 i.e. one new bonus equity share for every two existing fully paid up equity shares

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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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,248.32 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 36,268.13
LAST 3M 15,476.00 58,854.71
LAST 6M 62,880.13 40,849.01
LAST 12M 117,744.22 88,090.28
Ratnamani Metals & Tubes Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Jun 02, 2023 l NSE Announcement

Ratnamani Metals & Tubes Limited - Loss of Share Certificates

May 29, 2023 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)
31.61
Promoter Holding
60.06%
Book Value
371.4987
ROCE
19.62%
ROE
15.23%
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 : info:ratnamani.com
Website : http://www.ratnamani.com
Registrar

Sharepro Services India P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 520111
NSE Code : RATNAMANI
Book Closure Date (Month) : Sep
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 Jun 05, 2023 03:57 PM the closing price of Ratnamani Metals & Tubes Ltd was ₹ 2,317.55.

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 Jun 05, 2023 03:57 PM, the market cap of Ratnamani Metals & Tubes Ltd stood at ₹ 16,244.17.

The latest PE ratio of Ratnamani Metals & Tubes Ltd as of Jun 05, 2023 03:57 PM is 31.61

The latest PB ratio of Ratnamani Metals & Tubes Ltd as of Jun 05, 2023 03:57 PM is 0.16

The 52-week high of Ratnamani Metals & Tubes Ltd is ₹ 2,740.00 while the 52-week low is ₹ 1,553.55

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

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