Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 10 Sep - CRISIL upgraded Ratnamani's long-term bank rating to AA+/Stable; short-term rating reaffirmed at A1+ for Rs 2,200 crore facilities.
Source: Bse
Ratnamani Metals & Tubes Limited (RATNAMANI)
Small CapMetals stocks · Small cap · NSE
Ratnamani Metals & Tubes Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:19 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Metals P/E 23.2 (n=92)
Technical timing lens
Trend score and candlestick chart
50NeutralSMA20 -1.9% / mo · MACD −
Stock trend: 49
Sector RS: 50
Sector 3M: -4.5% vs Nifty 500 -5.6%
Metals FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
RATNAMANID candles · FIT view-3.9%Latest close ₹2505.10 on 2026-10-19
Bar
-1.4%
RSI
41
MACD hist
-17.94
52W pos
40%
2026-10-19O ₹2540.90H ₹2540.90L ₹2488.00C ₹2505.10Vol 13,665 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
RATNAMANINifty MetalNifty 500
- RATNAMANI
- -1.9%
- Nifty 500
- -5.6%
- Nifty Metal
- -3.8%
- Vs Nifty 500
- +3.7 pp
Chart stats
19 Oct 2026- From 52W high
- -25.1%
- 52W range position
- 40%
- ATR (14)
- 3.7%
- Volume vs 20D
- 0.42x
- Avg traded value
- ₹8 Cr
- 20D price channel
- ₹2,448.5 - ₹2,918.4
₹3,345
₹1,936.5 - ₹3,345
₹93.1
Latest completed session
20-session average
31.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST37
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -15.6% · PAT -15.8% YoY
Technical
Neutral50
Price trend and sector-relative-strength timing.
Valuation
Legacy model+2.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -16% YoY · PAT -16% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹972 Cr | -15.6% | -10.4% |
| EBITDA | ₹162 Cr | -13.8% | +5.2% |
| Operating margin | 17.0% | +100 bps | +300 bps |
| PAT | ₹107 Cr | -15.8% | -7.8% |
| PAT margin | 11.0% | -1 bps | +32 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 41.00
- P/B
- 4.38
- EV/EBITDA
- 21.08
- Market Cap
- 17978.00Cr
Profitability
- ROE
- 12.60%
- ROCE
- 17.90%
- ROA
- 9.55%
- Dividend Y
- 0.39%
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- -5.17%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.08
- Interest Coverage
- 27.11×
- Altman Z
- 8.59
- Book Value
- 586.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 9/5
- OCF
- 936.00 Cr
- EPS TTM
- 61.75
Shareholding
- Promoter Hold
- 59.77%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 46%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 972-10.4% vs prev
Net Profit
₹ CrLatest: 107-7.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 41.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.0% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 25% off 52W high · 29% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
65
RS percentile
Stage 1 Base / Transition
1M return
-12.4%
3M return
-1.9%
6M return
+2.1%
1Y return
+0.7%
RS 1D
+4
RS 20D
-5
Sector rank
#4
Industry rank
#14
Stage evidence
- Price is within 1.6% of the 30-week proxy.
- The 30-week proxy changed +1.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 106.94+0.28%
RS vs Nifty 500107
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation2/30
Growth11/25
Quality5/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
37
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
37/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Growth contributes 11/25 to the score.
Main drags
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Quality is weaker at 5/20; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
41.0
PB
4.4
EV/EBITDA
21.1
ROE
12.6%
ROCE
17.9%
FCF Yield
—
Debt/Equity
0.1
MoS
+2.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
37
Previous: 37
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+2.9%
Previous: +2.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
37
37
37
37
37
37
37
37
37
37
37
37
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹902.32
-177.6% MoS
Growth-justified P/E
41.8
Growth-justified Value
₹2,578.68
+2.9% MoS
PEG
3.42
Comparable companies
Peers
Business-comparable peers in Metals — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SUNFLAG
Small
Sunflag Iron And Steel Company Limited
Mining
match 92
36
38.6
2.4%
-84%
WATCHLIST
GMDCLTD
Small
Gujarat Mineral Development Corporation Limited
Mining
match 92
35
26.3
4.2%
-217%
WATCHLIST
KENNAMET
Small
Kennametal India Limited
Mining
match 92
56
47.0
24.5%
-33%
FAIR VALUE
KIRLFER
Small
Kirloskar Ferrous Industries Limited
Mining
match 91
55
20.0
14.5%
+49%
FAIR VALUE
SBCL
Small
Shivalik Bimetal Controls Limited
Mining
match 91
46
58.2
21.8%
-56%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Ratnamani Metals & Tubes Limited operates in Minerals, within the Metals sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 51st percentile within Metals. Main check: results consistency is weak at 44/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
48 docs text-extracted · 36 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Metals: 51st pctile, median 70 · Small: 65th pctile, median 66
Evidence depth
Financial-only
48 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
44
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 59.8%.
- ▸Promoter pledge is zero.
- ▸9 years of positive FCF.
- ▸Debt/equity is 0.08.
Trust risks
- ▸ROCE trend is -4.8%.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ratnamani Metals & Tubes Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 24 Aug - Subsidiary received export orders for spools/hangers worth USD 286 million over two to three years.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Aug - Publication of Newspaper Advertisement for the attention of the Shareholders of the Company for Second Special Window for transfer and dematerialization of physical shares of …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.