ALFA Finder| Revenue growth | Consolidated revenue +13% YoY; standalone +18%; growth partly tariff-inflated pricing. |
|---|---|
| Margins | Consolidated EBITDA margin 16.3%; long-term range 15–18%; Q3 similar. |
| Order book | Order book above ₹2,600 Cr, up ~30% QoQ; US about 20%. |
| Demand visibility | Stainless demand recovering; carbon steel pipe and water demand still weak. |
| Management confidence | Balanced; confident on demand, defensive on freight, margins and cost pass-through. |
Growth
Consolidated revenue +13% YoY, standalone +18%. US DDP exports carry tariff-inflated pricing, which flatters reported revenue and other expenses.
Outlook
Standalone FY27 revenue guided at ₹4,000–4,200 Cr, held. Q3 margins expected similar to Q2, with H2 improvement tied to utilisation.
Risks
Freight and tariff costs are absorbed on existing orders. H1 operating cash flow was negative on inventory and receivables build-up, and water demand remains weak.
Last quarter's promises, checked
Delivered
- Guided 16–18% margin → consolidated 16.3% (= BEAT)
- Guided standalone debt-free → maintained (= BEAT)
- Guided ~₹2,160 Cr order book, Q3/Q4 promising → >₹2,600 Cr (= BEAT)
Partly delivered
- Guided demand push in 2–6 months → stainless up, CS/water weak (= PARTIAL)
- Guided CS volumes back to prior capacity → improved, unquantified (= PARTIAL)
Missed
- Guided FY27 standalone ₹4,800–5,000 Cr → now ₹4,000–4,200 Cr, ₹800 Cr lower (= MISS)
Earnings Call Transcript filed with NSE, 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 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
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- Value
- ₹50.00 Cr
Ratnamani Metals & Tubes Credit Rating
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Ratnamani Metals & Tubes Other Announcement
CRISIL ESG Ratings & Analytics Limited has assigned a voluntary ESG score of 59 (Adequate) to Ratnamani Metals & Tubes Ltd. The rating is based on BRSR and public disclosures.