| 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
- ₹2,778.30
- 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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