Ratnamani Metals & Tubes Ltd. News and Updates

Name: Latest research reports of Ratnamani Metals & Tubes Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Ratnamani Metals & Tubes Ltd.
Rating: 5
Author: ICICI Securities Limited

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Ratnamani Metals & Tubes Ltd.

01 Oct 2020

2285.50

-1.44%

Ashika Management Meet Note - Ratnamani Metals & Tubes Ltd. - October 2020

Mgmt Note: Ratnamani Metals & Tubes Ltd.

Ashika Research

Ratnamani Metals & Tubes Ltd. has lost -36.65% in the last 1 Year

Ratnamani Metals & Tubes Ltd.

12 Aug 2020

2285.50

-1.44%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

Ratnamani Metals & Tubes Ltd. is trading below all available SMAs

Ratnamani Metals & Tubes Ltd.

17 Jun 2020

2285.50

-1.44%

Ratnamani Metal

Buy: Ratnamani Metals & Tubes Ltd.

Target

Sharekhan

Ratnamani Metals & Tubes Limited (RMTL) reported in-line revenue performance, while margins and net profit remained above our expectations. RMTL reported revenue decline of 12.1% y-o-y, in line with our modest estimates, owing to closure of plants during the last 10 days of March due to nationwide lockdown restrictions. Ease in input cost pressures along with revenue mix change led to 320 bps y-o-y improvement in gross margin to 33.3%. However, gross margin expansion was offset by 29.5% y-o-y and 31.2% y-o-y increase in employee expenses and other expenses, resulting...

Ratnamani Metals & Tubes Ltd. has lost -36.65% in the last 1 Year

Ratnamani Metals & Tubes Ltd.

03 Mar 2020

2285.50

-1.44%

Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Ltd.

Angel Broking

Ratnamani Metals & Tubes is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes at Kutch, Indrad and Chhatral in the state of Gujarat. Current Order book stands at INR 1569 crores which includes orders from SS and CS division at `1,053cr and `516cr, respectively.It's debt dependency is also very

Ratnamani Metals & Tubes Ltd. is trading below all available SMAs

Ratnamani Metals & Tubes Ltd.

12 Feb 2020

2285.50

-1.44%

BP Equities Ratnamani Metals and Tubes Ltd Q3FY20 Result Update

Buy: Ratnamani Metals & Tubes Ltd.

Target

BP Wealth

to be flattish being capacities running at optimum level. Carbon Steel volume stands at 72525 tons flat yoy and Stainless Steel volume 6246 tons (up 16% YoY) higher than our estimates but volume gain was partially offset by lower realization/t. EBITDA stood at INR 1084mn up 7.4%YoY on back of Sector Outlook...

Ratnamani Metals & T.. has an average target of 3950.00 from 1 broker.

Ratnamani Metals & Tubes Ltd.

06 Feb 2020

2285.50

-1.44%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

RMTL's order book as on February 1, 2020 was at | 1569 crore. Higher margin SS order book was at | 516 crore (| 536 crore as on October 1, 2019) and CS orders of | 1053 crore (| 1390 crore as on October 1, 2019). This is the third consecutive quarter wherein higher margin SS orders have stayed above the | 500 crore mark, auguring well for RMTL. In terms of domestic and exports mix, domestic orders were at | 1121 crore while export orders were at | 448 crore. Of the | 1121 crore domestic order book: | 403 crore is in the SS segment while balance | 718 crore is in the CS segment. Of the | 448 crore...

Ratnamani Metals & Tubes Ltd. has lost -20.47% in the last 3 Months

Ratnamani Metals & Tubes Ltd.

31 Dec 2019

2285.50

-1.44%

Ratnamani Metal

Buy: Ratnamani Metals & Tubes Ltd.

Target

Sharekhan

Ratnamani Metals & Tubes (RMTL) is expected to deliver healthy performance during Q3FY2020E on the back of healthy pace of order execution. Moreover, net profit growth is expected to see a significant jump during Q3FY2020E owing to reduced tax rate, as the company will opt for lower corporate tax rate of 25.2% (a one-time impact). Revenue visibility for the next 12-15 months remains strong, backed by robust order in-take (order book of Rs 1800 crore as of December 2019 and order intake of Rs 300 crore post that) as there has been a favourable...

Ratnamani Metals & T.. has an average target of 3950.00 from 1 broker.

Ratnamani Metals & Tubes Ltd.

30 Dec 2019

2285.50

-1.44%

Ratnamani Metal

Buy: Ratnamani Metals & Tubes Ltd.

Target

Sharekhan

Ratnamani Metals & T.. has an average target of 3950.00 from 1 broker.

Ratnamani Metals & Tubes Ltd.

05 Nov 2019

2285.50

-1.44%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

Over the last few quarters, RMTL has witnessed a steady increase in its order book position of its higher margin stainless steel segment. Ratnamani's order book as on October 1, 2019 was at | 1926 crore (| 1916 crore as on August 1, 2019, split between higher margin SS order of | 536 crore (| 502 crore as on August 1, 2019) and CS orders of | 1390 crore (| 1414 crore as on August 1, 2019), providing healthy revenue visibility. In terms of domestic and exports mix, domestic orders were at | 1549 crore while export orders were at | 377 crore. This is the second consecutive quarter wherein higher margin...

Ratnamani Metals & Tubes Ltd. has lost -20.47% in the last 3 Months

Ratnamani Metals & Tubes Ltd.

12 Aug 2019

2285.50

-1.44%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

ICICI Securities Limited

Ratnamani's order book as on August 1, 2019 was at | 1916 crore (| 1492 crore as on May 1, 2019), split between high margin stainless steel (SS) orders of | 502 crore (| 437 crore as on May 01, 2019) and carbon steel (CS) orders of | 1414 crore (| 1055 crore as on May 01, 2019) providing healthy revenue visibility. In terms of domestic and exports mix, domestic orders were at | 1631 crore while exports order were at | 285 crore. In the backdrop of a capex revival in key end user industries, the stainless steel segment witnessed a consistent traction in the order book. Over the last few quarters,...

Ratnamani Metals & Tubes Ltd. has lost -36.65% in the last 1 Year

Is Ratnamani Metals & Tubes Ltd. worth buying?

78 Votes:

Buy 64.1%

Sell 20.51%

Hold 15.38%

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