We recently met the management of Ratnamani Metals & Tubes (RMTL) to understand its business model and long term prospects. RMTL was incorporated in 1983. In 1985, it started its first production facility. The company is a leading manufacturer of stainless steel tubes and pipes (SSTP) and carbon steel pipes. RMTL has two facilities in Chhatral and Kutch, Gujarat. Its stainless steel pipe and tubes has an installed capacity of 28,000 tonne out of which stainless steel welded capacity is of 20000 tonnes while stainless steel seamless capacity is 8000 tonnes. RMTL also...