profit from every ₹100 of sales.
₹0₹100
Ratnamani Metals & Tubes
₹2,487.00+0.52% today
+6.7% in 1 year
1-year low ₹1,946.401-year high ₹3,046.20
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹36.12 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Ratnamani Metals & Tubes sold, what it kept, and what it did with the cash.
Sales went from ₹44.6 billion in 2023 to ₹44.9 billion in 2026, with ₹4.83 billion of profit last year.
SalesProfit
Ratnamani Metals & Tubes handed back 22% of the cash it generated last year.
₹981M
Free cash flow 2026₹4.5B
Bought back its own shares–
Paid as dividends₹981M
Cash vs. debt₹739M vs. ₹3.2B
Ratnamani Metals & Tubes vs. similar companies
Ratnamani Metals & Tubes grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Ratnamani Metals & Tubes | 36.1× · Expensive | ||
 Nucor | 32.5× · Expensive | ||
 ArcelorMittal | 15.0× · Cheap | ||
 JSW Steel | 14.8× · Cheap | ||
 Steel Dynamics | 27.5× · Fair price |
AI analysis
An AI analyst reads Ratnamani Metals & Tubes's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 44,612 | 50,275 | 51,865 | 44,940 | |
| 14,042 | 15,756 | 18,144 | 18,137 | |
| 6,924 | 7,998 | 7,158 | 6,261 | |
| 7,982 | 9,559 | 8,831 | 8,693 | |
| 5,105 | 6,228 | 5,440 | 4,826 | |
| 72.83 | 88.85 | 77.25 | 68.81 | |
| 31.5% | 31.3% | 35.0% | 40.4% | |
| 15.5% | 15.9% | 13.8% | 13.9% | |
| 11.4% | 12.4% | 10.5% | 10.7% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 37,803 | 40,198 | 49,060 | 53,876 |
| Cash | 265 | 2,026 | 2,237 | 739 |
| Total debt | 2,370 | 1,529 | 1,574 | 3,176 |
| Total liabilities | 11,043 | 8,036 | 12,413 | 11,799 |
| 26,039 | 31,405 | 36,370 | 41,106 | |
| 70 | 70 | 70 | 70 | |
| 18.9% | 19.5% | 15.3% | 12.5% | |
| 19.6% | 19.8% | 15.0% | 11.7% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 3,105 | 5,112 | 5,362 | 9,360 | |
| 1,419 | 2,130 | 3,291 | 4,853 | |
| 1,686 | 2,982 | 2,071 | 4,508 | |
| Dividends paid | 654 | 841 | 981 | 981 |
| – | – | – | – | |
| – | 0 | 101 | 308 |
Valuation
- 36.1×
- –
- –
- 4.3×
- 3.9×
- 38.7×
- 20.3×
- 2.6%
- 2.8%
- 0.6%
Profitability
- 40.4%
- 13.9%
- 10.7%
- –
- 12.5%
- 16.6%
- –
- –
- –
- –
Growth
- +0.2%
- −1.9%
- –
- –
- +0.0%
Financial health
- 0.3×
- 0.08
- –
- 23.5×
- 3.92
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 22%of 989
Top 36%of 954
Bottom 26%of 778
Bottom 38%of 940
Top 46%of 990
0.6%of the share price, paid each year
On $1,000 invested$6a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
20.3% of its profit
Room to growStretchedMore than it earns: 21.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
59No pass
Benjamin Graham
51No pass
Philip Fisher
43No pass
Peter Lynch
27No pass
Joel Greenblatt
22No pass
Charlie Munger
54No pass
Terry Smith
45No pass
Questions about Ratnamani Metals & Tubes
Is Ratnamani Metals & Tubes a good stock to buy?
A solid business, but the price is high. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ratnamani Metals & Tubes AI analysis
What does Ratnamani Metals & Tubes do?
Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. It is in Steel, based in Ahmedabad, India.
Does Ratnamani Metals & Tubes pay a dividend?
Yes. At today's price the dividend is 0.6% a year, about 20% of its yearly profit. In 2026 it paid out ₹981 million in dividends.
Is Ratnamani Metals & Tubes stock halal?
Yes. Ratnamani Metals & Tubes passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has Ratnamani Metals & Tubes stock done over the past year?
Up 6.7% over the past twelve months, to ₹2,487.00. It traded between ₹1,946.40 and ₹3,046.20 and is 18.4% below its high.
Who are Ratnamani Metals & Tubes's competitors?
The largest listed companies in the same industry are Nucor, ArcelorMittal, JSW Steel and Steel Dynamics. The peers table on this page compares their profit, growth and price with Ratnamani Metals & Tubes's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.