₹2,582.8
▼ -34.81 -1.33%
18 Jul 2026
NSE Listed · Capital Goods-Non Electrical Equipment
Ratnamani Met & Tub Ltd. (RATNAMANI)
Volume: 240Avg Vol 1W: 8,411Avg Vol 1M: 16,29052W Range:₹1,936.5₹3,345
Key Ratios
Checked just nowMarket Cap₹18,103 Cr
Current Price₹2,582.8
Previous Close₹2,617.61
High / Low (52w)₹3,345 / ₹1,936.5
Volume240
Avg Vol (1W)8,411
Avg Vol (1M)16,290
Stock P/E172.88
Book Value₹586.46
Dividend Yield39%
ROE11.74%
ROA9.92%
Revenue (TTM)—
Revenue Growth2.52%
Profit Margin10.74%
Total Debt₹65 Cr
Shares Outstanding7 Cr
Face Value₹2
EPS (TTM)₹69.97
P/B4.4
Debt / Equity0.05
50 DMA₹2,612.59
200 DMA₹2,516.19
Day change-1.33%
Price Chart
₹2,582.8▲ 12.36% · 1Y
2025-11-212026-07-17
20-day avg volume: 17K shares
Pros
- Pays a dividend yield of 39.0%.
- Company is almost debt-free.
Cons
- Stock trades at a high P/E of 173.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,184 Cr | ₹971 Cr | ₹1,316 Cr | ₹1,715 Cr | ₹1,152 Cr | ₹1,192 Cr | ₹1,066 Cr | ₹1,085 Cr |
| EBITDA | ₹150 Cr | ₹147 Cr | ₹196 Cr | ₹283 Cr | ₹187 Cr | ₹206 Cr | ₹203 Cr | ₹153 Cr |
| Net Profit | ₹105 Cr | ₹100 Cr | ₹131 Cr | ₹207 Cr | ₹132 Cr | ₹136 Cr | ₹110 Cr | ₹105 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,799 Cr | ₹2,796 Cr | ₹2,645 Cr | ₹2,342 Cr | ₹3,176 Cr | ₹4,507 Cr | ₹5,132 Cr | ₹5,246 Cr |
| EBITDA | ₹238 Cr | ₹385 Cr | ₹427 Cr | ₹386 Cr | ₹452 Cr | ₹725 Cr | ₹873 Cr | ₹775 Cr |
| Net Profit | ₹152 Cr | ₹253 Cr | ₹308 Cr | ₹276 Cr | ₹323 Cr | ₹510 Cr | ₹623 Cr | ₹544 Cr |
| EPS | 32.48 | 54.13 | 65.82 | 59.07 | 46.04 | 73.09 | 89.18 | 77.25 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹1,747 Cr | ₹2,053 Cr | ₹2,545 Cr | ₹2,617 Cr | ₹2,962 Cr | ₹3,780 Cr | ₹4,020 Cr | ₹4,906 Cr |
| Total Liabilities | ₹438 Cr | ₹530 Cr | ₹835 Cr | ₹629 Cr | ₹714 Cr | ₹1,104 Cr | ₹804 Cr | ₹1,241 Cr |
| Equity | ₹1,309 Cr | ₹1,523 Cr | ₹1,709 Cr | ₹1,988 Cr | ₹2,248 Cr | ₹2,676 Cr | ₹3,216 Cr | ₹3,665 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-1 Cr | ₹692 Cr | ₹321 Cr | ₹603 Cr | ₹-161 Cr | ₹460 Cr | ₹735 Cr | ₹718 Cr |
| Investing | ₹21 Cr | ₹-360 Cr | ₹-357 Cr | ₹-470 Cr | ₹418 Cr | ₹-208 Cr | ₹-145 Cr | ₹-397 Cr |
| Financing | ₹42 Cr | ₹-56 Cr | ₹47 Cr | ₹-79 Cr | ₹-135 Cr | ₹-116 Cr | ₹-193 Cr | ₹-130 Cr |
| Free Cash Flow | ₹-1 Cr | ₹692 Cr | ₹321 Cr | ₹603 Cr | ₹-161 Cr | ₹460 Cr | ₹735 Cr | ₹718 Cr |
Shareholding
Promoter 59.77% Institutions 29.85% Public 10.38%
Efficiency & Working Capital
ROCE16.5%
Interest Coverage20.7
Dividend Payout—
Debtor Days89 d
Inventory Days106 d
Payable Days32 d
Cash Conversion Cycle163 d
Working Capital Days195 d
Shareholding Details
As of 2026-06-30
Promoter59.8%
FII10.7%
DII19.1%
Institutions29.8%
Public10.4%
Promoter Pledge0%
No. of Shareholders36,573
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% | 59.8% |
| FIIs | 12.9% | 12.8% | 12.9% | 12.6% | 12.7% | 11.6% | 11.6% | 11.3% | 11.2% | 11.1% | 10.6% | 10.7% |
| DIIs | 16.5% | 16.2% | 16.1% | 16.6% | 16.8% | 18.7% | 18.8% | 19.2% | 18.8% | 18.9% | 19.5% | 19.1% |
| Public | 10.9% | 11.3% | 11.2% | 11% | 10.8% | 9.9% | 9.8% | 9.8% | 10.3% | 10.2% | 10.2% | 10.4% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 28,778 | 34,253 | 39,190 | 39,503 | 38,493 | 33,802 | 33,430 | 32,422 | 40,486 | 39,516 | 38,601 | 36,573 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| M N Sanghvi Family Trust (trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi) | Shareholding of Promoter and Promoter Group | 52.2% | 3.66 Cr |
| Kotak Midcap Fund | Public Shareholding | 4.8% | 33,58,402 |
| Icici Prudential Multi-asset Fund | Public Shareholding | 4.8% | 33,33,872 |
| Nalanda India Fund Limited | Public Shareholding | 3.9% | 26,96,804 |
| Sanghvi Prakashmal Mishrimal, Huf (karta: Prakash M. Sanghvi) | Shareholding of Promoter and Promoter Group | 3.4% | 23,99,702 |
| Sbi Small Cap Fund | Public Shareholding | 3% | 21,32,686 |
| Nalanda India Equity Fund Limited | Public Shareholding | 3% | 20,82,858 |
| Chunilal Fojaji Sanghvi | Public Shareholding | 2.3% | 16,30,581 |
| Hsbc Mutual Fund - Hsbc Small Cap Fund | Public Shareholding | 2.3% | 16,17,950 |
| Jayantilal M Sanghvi, Huf (karta: Jayanti Mishrimal Sanghvi) | Shareholding of Promoter and Promoter Group | 1.5% | 10,13,207 |
| Mirae Asset Infrastructure Fund | Public Shareholding | 1.1% | 7,66,426 |
| Pavankumar Mishrimal Sanghvi, Huf (karta: Pawankumar M. Sanghvi) | Shareholding of Promoter and Promoter Group | 1% | 6,93,247 |
| Sanghvi Shantilal Mishrimal, Huf (karta Shantilal M. Sanghvi) | Shareholding of Promoter and Promoter Group | 1% | 6,93,247 |
| Arunaben C. Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0.4% | 2,66,634 |
| Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0.1% | 1,00,133 |
| Prakash M. Sanghvi & Reshmi Sanghvi | Shareholding of Promoter and Promoter Group | 0.1% | 75,000 |
| Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0.1% | 50,000 |
| Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0.1% | 41,500 |
| Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Vimla Pavan Sanghvi & Pavan Mishrimal Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Manoj P. Sanghvi & Dimple M. Sanghvi & Jayanti M. Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Nilesh Prakash Sanghvi & Prakash Mishrimal Sanghvi & Jayanti M. Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Shashi Shantilal Sanghvi & Shantilal Mishrimal Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Prashant J. Sanghvi & Sarika Prashant Sanghvi & Prakash M. Sanghvi | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| M N Sanghvi Family Trust (trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi) | 0 | 0% | 2026-06-30 |
| Sanghvi Prakashmal Mishrimal, Huf (karta: Prakash M. Sanghvi) | 0 | 0% | 2026-06-30 |
| Jayantilal M Sanghvi, Huf (karta: Jayanti Mishrimal Sanghvi) | 0 | 0% | 2026-06-30 |
| Pavankumar Mishrimal Sanghvi, Huf (karta: Pawankumar M. Sanghvi) | 0 | 0% | 2026-06-30 |
| Sanghvi Shantilal Mishrimal, Huf (karta Shantilal M. Sanghvi) | 0 | 0% | 2026-06-30 |
| Arunaben C. Sanghvi & Prakash M. Sanghvi | 0 | 0% | 2026-06-30 |
| Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi | 0 | 0% | 2026-06-30 |
| Prakash M. Sanghvi & Reshmi Sanghvi | 0 | 0% | 2026-06-30 |
| Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi | 0 | 0% | 2026-06-30 |
| Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi | 0 | 0% | 2026-06-30 |
| Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi | 0 | 0% | 2026-06-30 |
| Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| P M Sanghvi | Chairman / Executive Director / M D / Promoter | 2025 |
| J M Sanghvi | ED / Joint MD / Promoter | 2025 |
| S M Sanghvi | WTD & Executive Director | 2025 |
| Manoj P. Sanghvi | ED / WTD / CEO / Promoter | 2025 |
| Prashant J. Sanghvi | WTD & Executive Director | 2025 |
| Rajendra Shah | Independent Non Exe. Director | 2025 |
| Sushil Solanki | Independent Non Exe. Director | 2025 |
| Dhinal A. Shah | Independent Non Exe. Director | 2025 |
| Rajesh G. Desai | Independent Non Exe. Director | 2025 |
| Sangeetha Chhajed | Independent Non Exe. Director | 2025 |
| ANIL MALOO | CS / Compliance Officer / Legal Head | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Steel Tubes and Pipes | ₹2,748 Cr | 99.8% |
| Windmills | ₹7 Cr | 0.2% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| In India | ₹2,700 Cr | 86% |
| Outside India | ₹439 Cr | 14% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 18 | 14 | 14 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-11 | Dividend (10/- per share) | Final |
| dividend | 2025-09-02 | ₹14 (700%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 194 | 0 | 0 | 86 | 22 | 301 |
| 2025 | 128 | 0 | 0 | 19 | 0 | 147 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Babulal M. Sanghvi jointly with Shantaben B. Sanghvi and Prakash M. SanghviDisposal · 1,66,500
Shantilal M. Sanghvi jointly with Shashi S. Sanghvi and Prakash M. SanghviAcquisition · 41,500
Jayanti M. Sanghvi jointly with Shobhnadevi J. Sanghvi and Prakash M. SanghviAcquisition · 50,000
Prakash M. Sanghvi jointly with Rashmidevi P. SanghviAcquisition · 75,000
M. N. Sanghvi Family TrustAcquisition · 3,65,62,649
Chandra Vijay Sanghvi Jointly with Vijay Chunilal Sanghvi and Prakash Mishrimal SanghviDisposal · 29,687
Substantial Acquisitions (SAST)
7 disclosure(s)
Market11/02/2026 · 2,47,483
NULL23/06/2025 · 1,66,500
Market03/12/2024 · 7,85,000
-02/12/2024 · 1,41,410
-02/12/2024 · 2,12,116
NULL02/12/2024 · 3,53,526
Company Information
🌐 www.ratnamani.com ↗
📍 17 Rajmugat Society, Naranpura Char Rasta Naranpura, Ahmedabad, Gujarat, 380013
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