NSE: RATNAMANI | BSE: 520111

Mid-range Performer

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2873.90 -29.10 (-1.00%)

27.76% Fall from 52W High

15,416 NSE+BSE Volume

NSE 14 Jul, 2025 3:31 PM (IST)

20,143.7

Market Cap

High in industry

0.6

Beta 1Year

Very Low volatility

Ratnamani Metals & Tubes Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RATNAMANI, BSE:520111 Ratnamani Metals & Tubes Ltd.

Ratnamani Metals & Tubes Ltd.

10 Aug 2021

2873.90

-1.00%

Ratnamani Metals and Tubes - Muted quarter; SS pipe order book shows greenshoots

Buy: Ratnamani Metals & Tubes Ltd.

Recommendation Target

Monarch Networth Capital Limited

Valuation and rating: We value RMT at an average of 26x Sept'23 PE and 16x Sept'23 EV/EBITDA to arrive at TP of Rs2,550 and maintain BUY rating. Increase in TP is due to shift in valuation on Sept'23 basis (Mar'23 previously). Despite a muted 1QFY22, we maintain our rating along with no change in FY22E/ FY23E estimates as we expect revenue and margins to improve in subsequent quarters due to higher realisations and improving order book. Key...

Ratnamani Metals & Tubes Ltd. is trading below its 200 day SMA of 3011.4

Ratnamani Metals & Tubes Ltd.

04 Jun 2021

2873.90

-1.00%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

RMTL's order book has improved QoQ. RMTL's order book as on May 1, 2021 was at | 1498 crore (| 1359 crore as on January 1, 2021). Stainless steel (SS) order book was at | 330 crore (| 347 crore as on January 1, 2021) while carbon steel (CS) orders were at | 1168 crore (| 1012 crore as on January 1, 2021). In terms of domestic and exports mix, domestic orders were at | 1357 crore while export orders were at | 141 crore. Of the | 1357 crore domestic order book, | 251 crore is in the SS segment while balance | 1106 crore is in the CS segment. Of the | 141 crore export order book: | 79 crore is in the SS...

Ratnamani Metals & Tubes Ltd. is trading below its 200 day SMA of 3011.4

Ratnamani Metals & Tubes Ltd.

04 Feb 2021

2873.90

-1.00%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

Ratnamani Metals & T.. has an average target of 3750.00 from 3 brokers.

Ratnamani Metals & Tubes Ltd.

04 Feb 2021

2873.90

-1.00%

Ratnamani Metals and Tubes - Darkness before dawn

Accumulate: Ratnamani Metals & Tubes Ltd.

Target

Monarch Networth Capital Limited

We maintain Accumulate rating but raise TP to Rs1,830 due to increase in FY22/FY23 EPS, increase in valuation multiple and roll over of valuations to FY23 estimates. Higher multiple is attributed to continuous recovery in Carbon Steel (CS) pipe orders, clarity on revival of Stainless Steel (SS) pipe orders and new demand drivers for SS pipes as we believe RMT will be foremost beneficiary of any revival in spending from refineries. Pandemic related weakness in order booking led to ~55% YoY drop in CS pipe sales impacting revenues in...

Ratnamani Metals & Tubes Ltd. is trading above its 150 day SMA of 2829.1

Ratnamani Metals & Tubes Ltd.

05 Nov 2020

2873.90

-1.00%

Ratnamani Metals and tubes - A look before the leap

Accumulate: Ratnamani Metals & Tubes Ltd.

Target

Monarch Networth Capital Limited

Valuation and risks: We value RMT at an average of 20x Sept'22 PE and 12x Sept'22 EV/EBITDA (10% premium to its FY16-20 average 1-year forward multiple) to arrive at TP of Rs1,420. Despite lowering our FY21E and FY22E estimates to account for lower sales volumes, the cash accumulation (due to working capital release in 1HFY21) aids in maintaining our older target price. Key risks: Steel pipe demand slowdown due to the pandemic, delayed payments from EPC contractors...

Number of FII/FPI investors decreased from 143 to 136 in Mar 2025 qtr

Ratnamani Metals & Tubes Ltd.

19 Oct 2020

2873.90

-1.00%

Ratnamani Metals and Tubes

Accumulate: Ratnamani Metals & Tubes Ltd.

Monarch Networth Capital Limited

Channel checks with Pipeline engineers from a leading oil & gas company regarding demand recovery. Industry-wise list of on-going expansion projects which will drive demand for SS and CS steel pipes....

Ratnamani Metals & T.. has an average target of 3750.00 from 3 brokers.

Ratnamani Metals & Tubes Ltd.

01 Oct 2020

2873.90

-1.00%

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

Mgmt Note: Ratnamani Metals & Tubes Ltd.

Ashika Research

Ratnamani Metals & Tubes Ltd. is trading above its 150 day SMA of 2829.1

Ratnamani Metals & Tubes Ltd.

12 Aug 2020

2873.90

-1.00%

Ratnamani Metals & Tubes

Buy: Ratnamani Metals & Tubes Ltd.

Target

ICICI Securities Limited

Number of FII/FPI investors decreased from 143 to 136 in Mar 2025 qtr

Ratnamani Metals & Tubes Ltd.

17 Jun 2020

2873.90

-1.00%

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. is trading above its 150 day SMA of 2829.1

Ratnamani Metals & Tubes Ltd.

03 Mar 2020

2873.90

-1.00%

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

Number of FII/FPI investors decreased from 143 to 136 in Mar 2025 qtr

Is Ratnamani Metals & Tubes Ltd. worth buying?

74 Votes:

Buy 66.22%

Sell 18.92%

Hold 14.86%

RESEARCH REPORTS

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