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Earnings Call

Ratnamani Metals & Tubes Earnings Call: Key Takeaways

Ratnamani Metals & Tubes reported Q4 FY26 standalone sales of ₹893cr, down from ₹1,575cr due to lower Carbon Steel volumes and geopolitical headwinds, though margins remained stable.

Why this was an Alfa AlertNot a filter event. Performance was a year-on-year decline and largely in line with expectations during challenging environment.
Highlights
Revenue growthFY26 consolidated sales ₹4,494cr, down 13% YoY.
MarginsEBITDA margins sustained; target 16-18% range long-term.
Order book₹2,160cr as of May 1, 2026 (Exports: ₹700cr).
Demand visibilityInquiry levels improving; strong visibility from ₹2,160cr order book.
Management confidenceConfident in market position despite current global headwinds.

Growth

FY26 consolidated sales stood at ₹4,494cr vs ₹5,186cr in FY25. Ravi Technoforge grew 33% to ₹377cr.

Outlook

FY27 standalone revenue target of ₹4,800-5,000cr. Guided 16-18% EBITDA margins and major expansion in Saudi Arabia.

Risks

Subdued demand, delayed project cycles, and Middle East conflicts impacting shipping costs and order inflows.

Source

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

Read the document ↗

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.