ALFA Finder| Margins | Consolidated EBITDA margin 18.5% (down 50bps YoY); Standalone margin compressed to 14.2%. |
|---|---|
| Order book | Standalone order book at ₹2000+ Cr; RFSS subsidiary order book ₹300 Cr. |
| Demand visibility | Challenging currently; enquiry levels in key export markets are improving. |
| Management confidence | Confident in long-term growth despite current infrastructure spending headwinds. |
Growth
Consolidated PAT fell 15.8% YoY to ₹107.03 Cr; Standalone PAT dropped 62.7% YoY due to subdued demand and lower government spending.
Outlook
Order book exceeds ₹2000 Cr. Major Greenfield projects in Saudi Arabia (FY28) and India (FY27) are progressing to drive future volumes.
Risks
Lower infrastructure spending, Middle East geopolitical tensions impacting demand, and under-absorption of fixed costs at standalone level.
Last quarter's promises, checked
Delivered
- Guided March 2027 completion for Saudi project → Progressing as scheduled (= BEAT)
- Guided 16%-18% sustainable EBITDA margin → Delivered 18.5% consolidated (= BEAT)
- Guided standalone debt-free status → Remained debt-free (= BEAT)
Partly delivered
- Guided ₹2,160 Cr order book visibility → Maintained ₹2,000+ Cr level despite headwinds (= PARTIAL)
Missed
- Guided ₹4,800-₹5,000 Cr standalone revenue target → Current Q1 trajectory suggests significant shortfall (= MISS)
Investor Presentation filed with BSE, NSE: RATNAMANI. Summary written with AI assistance from the document.
Ratnamani Metals & Tubes Ltd: key numbers
- Share price
- ₹2,511.50
- Market cap
- ₹17,604 Cr
- Revenue (annual)
- ₹4,494 Cr
- Net profit (annual)
- ₹482.6 Cr
- P/E (TTM)
- 44.2×Sector 17.1×
- Promoter holding
- 59.77%+0.00% QoQ
- FII holding
- 10.94%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Ratnamani Metals & Tubes Ltd
All →Ratnamani Metals & Tubes Earnings Call Transcript: Key Takeaways
Consolidated revenue rose 13% and EBITDA margin was 16.3%, but freight and tariff costs squeezed profitability. Management held FY27 standalone guidance without new numbers.
Ratnamani Metals & Tubes Q2 FY27 Results: Net Profit ₹133.3 Cr, Down 14.6% YoY
Ratnamani Metals & Tubes Ltd reported revenue from operations of ₹1,348 Cr (+13.1% YoY) and net profit of ₹133.3 Cr (-14.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹133.3 Cr · -14.6% YoY
Ratnamani Metals & Tubes Board Meeting Date
Ratnamani Metals & Tubes intimated a Board meeting on 6 Nov 2026 to approve Q2 FY27 results. Trading window closes from 1 Oct to 8 Nov 2026.
Ratnamani Metals & Tubes Other Announcement
Ratnamani Metals & Tubes Ltd has filed its quarterly shareholding pattern as mandated under Regulation 31 of the SEBI Listing Regulations.
Ratnamani Metals & Tubes Debt & Borrowing: ₹50 Cr
RMTL intimated release of a ₹50 Crore corporate guarantee securing credit facilities to subsidiary RFSS at YES Bank. The guarantee, issued in 2024, has been discharged.
- Value
- ₹50.00 Cr
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.