Debut Plus

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:1,936.53,345
Market 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
3111194612.4L
2025-11-21
2026-07-17

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
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 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)
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
EPS32.4854.1365.8259.0746.0473.0989.1877.25
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 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.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters59.8%59.8%59.8%59.8%59.8%59.8%59.8%59.8%59.8%59.8%59.8%59.8%
FIIs12.9%12.8%12.9%12.6%12.7%11.6%11.6%11.3%11.2%11.1%10.6%10.7%
DIIs16.5%16.2%16.1%16.6%16.8%18.7%18.8%19.2%18.8%18.9%19.5%19.1%
Public10.9%11.3%11.2%11%10.8%9.9%9.8%9.8%10.3%10.2%10.2%10.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders28,77834,25339,19039,50338,49333,80233,43032,42240,48639,51638,60136,573
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
M N Sanghvi Family Trust (trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi)Shareholding of Promoter and Promoter Group52.2%3.66 Cr
Kotak Midcap FundPublic Shareholding4.8%33,58,402
Icici Prudential Multi-asset FundPublic Shareholding4.8%33,33,872
Nalanda India Fund LimitedPublic Shareholding3.9%26,96,804
Sanghvi Prakashmal Mishrimal, Huf (karta: Prakash M. Sanghvi)Shareholding of Promoter and Promoter Group3.4%23,99,702
Sbi Small Cap FundPublic Shareholding3%21,32,686
Nalanda India Equity Fund LimitedPublic Shareholding3%20,82,858
Chunilal Fojaji SanghviPublic Shareholding2.3%16,30,581
Hsbc Mutual Fund - Hsbc Small Cap FundPublic Shareholding2.3%16,17,950
Jayantilal M Sanghvi, Huf (karta: Jayanti Mishrimal Sanghvi)Shareholding of Promoter and Promoter Group1.5%10,13,207
Mirae Asset Infrastructure FundPublic Shareholding1.1%7,66,426
Pavankumar Mishrimal Sanghvi, Huf (karta: Pawankumar M. Sanghvi)Shareholding of Promoter and Promoter Group1%6,93,247
Sanghvi Shantilal Mishrimal, Huf (karta Shantilal M. Sanghvi)Shareholding of Promoter and Promoter Group1%6,93,247
Arunaben C. Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0.4%2,66,634
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0.1%1,00,133
Prakash M. Sanghvi & Reshmi SanghviShareholding of Promoter and Promoter Group0.1%75,000
Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0.1%50,000
Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0.1%41,500
Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal SanghviShareholding of Promoter and Promoter Group0%0
Pavan Sanghvi & Vimla Sanghvi & Prakash SanghviShareholding of Promoter and Promoter Group0%0
Vimla Pavan Sanghvi & Pavan Mishrimal Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0%0
Manoj P. Sanghvi & Dimple M. Sanghvi & Jayanti M. SanghviShareholding of Promoter and Promoter Group0%0
Nilesh Prakash Sanghvi & Prakash Mishrimal Sanghvi & Jayanti M. SanghviShareholding of Promoter and Promoter Group0%0
Shashi Shantilal Sanghvi & Shantilal Mishrimal Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0%0
Prashant J. Sanghvi & Sarika Prashant Sanghvi & Prakash M. SanghviShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
M N Sanghvi Family Trust (trustees, Prakash M. Sanghvi & Jayanti Mishrimal Sanghvi)00%2026-06-30
Sanghvi Prakashmal Mishrimal, Huf (karta: Prakash M. Sanghvi)00%2026-06-30
Jayantilal M Sanghvi, Huf (karta: Jayanti Mishrimal Sanghvi)00%2026-06-30
Pavankumar Mishrimal Sanghvi, Huf (karta: Pawankumar M. Sanghvi)00%2026-06-30
Sanghvi Shantilal Mishrimal, Huf (karta Shantilal M. Sanghvi)00%2026-06-30
Arunaben C. Sanghvi & Prakash M. Sanghvi00%2026-06-30
Babulal M. Sanghvi & Shantaben B. Sanghvi & Prakash M. Sanghvi00%2026-06-30
Prakash M. Sanghvi & Reshmi Sanghvi00%2026-06-30
Jayanti M. Sanghvi & Shobhnadevi J. Sanghvi & Prakash M. Sanghvi00%2026-06-30
Shantilal Mishrimal Sanghvi & Shashi Shantilal Sanghvi & Prakash M. Sanghvi00%2026-06-30
Reshmidevi P. Sanghvi & Prakash Mishrimal Sanghvi & Jayantilal Mishrimal Sanghvi00%2026-06-30
Pavan Sanghvi & Vimla Sanghvi & Prakash Sanghvi00%2026-06-30
Board of Directors
NameDesignationYear
P M SanghviChairman / Executive Director / M D / Promoter2025
J M SanghviED / Joint MD / Promoter2025
S M SanghviWTD & Executive Director2025
Manoj P. SanghviED / WTD / CEO / Promoter2025
Prashant J. SanghviWTD & Executive Director2025
Rajendra ShahIndependent Non Exe. Director2025
Sushil SolankiIndependent Non Exe. Director2025
Dhinal A. ShahIndependent Non Exe. Director2025
Rajesh G. DesaiIndependent Non Exe. Director2025
Sangeetha ChhajedIndependent Non Exe. Director2025
ANIL MALOOCS / Compliance Officer / Legal Head2025
Segments — Product
SegmentRevenueShare
Steel Tubes and Pipes₹2,748 Cr99.8%
Windmills₹7 Cr0.2%
Segments — Geography
RegionRevenueShare
In India₹2,700 Cr86%
Outside India₹439 Cr14%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹2181414
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-11Dividend (10/- per share)Final
dividend2025-09-02₹14 (700%)Final
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025194008622301
202512800190147
2025000000
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
Incorporated1983
ChairmanP M Sanghvi
AuditorKantilal Patel & Co
Investor Email[email protected]
🌐 www.ratnamani.com

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

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