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Ratnamani Metals & Tubes Earnings Call: Key Takeaways

Ratnamani Metals & Tubes Q4FY26 (Consolidated) revenue fell 36.7% YoY to ₹1,084.82cr; PAT dropped 42.9% to ₹115.91cr. Strategy focuses on subsidiary growth and capacity expansion in specialized pipe segments.

Highlights
Revenue growthConsolidated FY26 revenue declined 13.4% YoY.
MarginsFY26 EBITDA margin improved to 19.6% vs 17.0% YoY.
Order bookStandalone order book exceeds ₹1,800 crores.
Demand visibilityMuted current demand but improving enquiry levels in key markets.
Management confidenceConfident in long-term industry outlook and subsidiary momentum.

Growth

FY26 Consolidated revenue down 13.4% YoY to ₹4,493.96cr; PAT down 1.3% to ₹534.47cr.

Outlook

Brownfield/Greenfield expansions in Kutch, Odisha, Rajkot, and Saudi Arabia through March 2027.

Risks

Subdued demand, lower capacity utilization, and geopolitical developments in the Middle East impacting volumes.

Source

Earnings Call filed with NSE, NSE: RATNAMANI. Summary written with AI assistance from the document.

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Ratnamani Metals & Tubes Ltd: key numbers

Share price
₹2,778.30
Market cap
₹19,474 Cr
Revenue (annual)
₹4,494 Cr
Net profit (annual)
₹482.6 Cr
P/E (TTM)
45.0×Sector 19.0×
Promoter holding
59.77%+0.00% QoQ
FII holding
10.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Credit Rating

Ratnamani Metals & Tubes Credit Rating

CRISIL upgraded Ratnamani Metals' long-term bank facility rating to AA+/Stable from AA/Positive and reaffirmed A1+ short-term. Total rated facilities are Rs.2,200 Crore.