Ratnamani Metals & Tubes Ltd

NSE
RATNAMANI •
BUY

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Start SIP in Ratnamani Metals & Tubes Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
58.42% Gain from 52W Low
-16.8
TTM PE Ratio
High in industry
34.2
Price to Book Ratio
High in industry
8
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is less than 1
0.8
RSI
RSI is mid-range
42.9
MFI
MFI is mid-range
49.7

Ratnamani Metals & Tubes Ltd Key Financials

*All values are in ₹ Cr.

Ratnamani Metals & Tubes Ltd shareholding Pattern

Promoter
59.8%
Foreign Institutions
12.8%
Mutual Funds
16%
Domestic Institutions
16.3%
Public
11.2%

Ratnamani Metals & Tubes Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
5
Bearish Moving Averages
11
5Day EMA
3,034.00
10Day EMA
3,053.60
12Day EMA
3,065.20
20Day EMA
3,112.80
26Day EMA
3,143.10
50Day EMA
3,202.20
100Day EMA
3,143.60
200Day EMA
2,909.20
Delivery & Volume
Resistance & Support
3,064.08
Pivot
Resistance
First Resistance
3,146.17
Second Resistance
3,256.98
Third Resistance
3,339.07
Support
First Support
2,953.27
Second support
2,871.18
Third Support
2,760.37
Relative Strength Index
42.88
Money Flow Index
49.66
MACD
-77.85
MACD Signal
-77.18
Average True Range
130.43
Average Directional Index
17.39
Rate of Change (21)
-15.08
Rate of Change (125)
16.05

Ratnamani Metals & Tubes Ltd Company background

Founded in: 1983
Managing director: P M Sanghvi
Ratnamani Metals Tubes Limited (RMTL), a multiproduct, multi location Public Limited Company incorporated on 15th September 1985, is providing total piping solutions to a diverse range of industries. The Company has diverse product portfolio which includes Nickel Alloy/Stainless Steel Seamless Tubes Pipes, Stainless Steel Welded Tubes Pipes, Titanium Welded Tubes, Carbon Steel Welded Pipes, Stainless Steel/Carbon Steel Pipes with Coating and Induction Bends. It manufactures stainless steel pipes and tubes and carbon steel pipes at Kutch, Indrad and Chhatral in Gujarat. It caters to customers in domestic as well as overseas markets across AsiaPacific, Europe, Middle East and America.RMTL commenced its production as a twin smallscale unit of stainless steel welded pipes seamless tubes in the year of inception itself. During the year 1991, the company had established facilities for manufacturing stainless steel electric fusion welded EFW pipes. Again, the company added one more production portfolio, in the year 1995 Companys Carbon Steel SAW Pipes Division commenced commercial production. After two years, in 1997, RMTL had received API 5L Monogramming License. During the year 1999, the companys production of stainless steel tubes for Automobile Exhaust Systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001, the company accredited to ISO 9002 for quality management system under Lloyds Register Quality Assurance (LRQA). RMTL had received AD 2000 Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year, reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes primary piping for nuclear reactors. Also, RMTL made upgradation of ISO 9002 certification to ISO 90012000 under LRQA. During the year 2004, the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch, Gujarat during the identical year of 2004. After a year, in 2005, RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 200405, the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006, the company had obtained API Spec 5L approval for Kutch plant and in 2007, Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During year 2009, 3Layer PE Epoxy Coating Plant was commissioned. In 2015, the Company commissioned supply of Moderater Heat Exchanger Tubes and Instrumentation Tubes for Kakrapara and Rajasthan projects of NPCIL. It established product quality for supply of Incoloy 800 tubes.In 202021, the installed commissioned European Extrusion Press of 4,500 MT to produce 10inch diameter pipes having capacity of 20,000 MTPA. It commissioned LSAW (Submerged Arc Welded) Pipe manufacturing facility with a capacity of 1,20,000 MTPA. Additional finishing line was installed to run production for Carbon steel ERW (Electric Resistance Welded) Pipes, thereby increasing the capacity to 1,25,000 MTPA.In 202122, Company commissioned and commercialized all new expansions like Electric Resistance Welded (ERW), LSAW (LSubmerged Arc Welded) and Stainless Steel (SS) Hot Extrusion.During year 202223, the Company acquired 53% Equity Shares in Ravi Technoforge Private Limited, Rajkot (RTL), Accordingly, RTL become subsidiary of the Company effective on October 28, 2022. It also commissioned Hot Extrusion Press to produce Stainless Steel/ Nickel Alloy Seamless Pipes. It commenced operation at LSAW Plant to produce Line Pipe.
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Ratnamani Metals & Tubes Ltd FAQs

Ratnamani Metals & Tubes Ltd shares are currently priced at 3035.35 on NSE and 3054.35 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Ratnamani Metals & Tubes Ltd [RATNAMANI] share was 38.79. The Ratnamani Metals & Tubes Ltd [RATNAMANI] share hit a 1-year low of Rs. 1916.05 and a 1-year high of Rs. 3938.8.

The market cap of Ratnamani Metals & Tubes Ltd is Rs. 21275.38 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Ratnamani Metals & Tubes Ltd is 33.63 as of 2/28/2024 12:00:00 AM.

The PB ratios of Ratnamani Metals & Tubes Ltd is 7.32 as of 2/28/2024 12:00:00 AM

The Mutual Fund Shareholding was 15.96% at the end of 2/28/2024 12:00:00 AM.

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