Ratnamani Metals & Tubes Ltd

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NSEBSE

2978.301.75 (0.06%)

03:54 PM,26th Feb 2024

2949.00-30.40 (-1.02%)

04:01 PM,26th Feb 2024

BSE : 520111

NSE : RATNAMANI

Sector : Metals & Mining

ISIN Code : INE703B01027

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Last Updated: Feb 26 2024 | 04:01 PM IST

Market Cap (₹ Cr)

20877

Turnover (₹ Cr)

6.19

Volume (Shares)

207736

Face Value

2

52-WK High

3938.80

52-WK High Date

01 Dec 2023

52-WK Low

1916.05

52-WK Low Date

29 Mar 2023

All Time High

3938.80

All Time High Date

01 Dec 2023

All Time Low

21.03

All Time Low Date

05 Mar 2009

Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Limited (RMTL) a multi-product multi location Public Limited Company incorporated on 15th September 1985 is providing total piping solutions to a diverse range of industries. The Company has diverse product portfolio which includes Nickel Alloy/Stainless Steel Seamless Tubes & Pipes Stainless Steel Welded Tubes & Pipes Titanium Welded Tubes Carbon Steel Welded Pipes Stainless Steel/Carbon Steel Pipes with Coating and Induction Bends. It manufactures stainless steel pipes and tubes and carbon steel pipes at Kutch Indrad and Chhatral in Gujarat. It caters to customers in domestic as well as overseas markets across AsiaPacific Europe Middle East and America.RMTL commenced its production as a twin small-scale unit of stainless steel welded pipes & seamless tubes in the year of inception itself. During the year 1991 the company had established facilities for manufacturing stainless steel electric fusion welded [EFW] pipes. Again the company added one more production portfolio in the year 1995 Company's Carbon Steel SAW Pipes Division commenced commercial production. After two years in 1997 RMTL had received API 5L Monogramming License. During the year 1999 the company's production of stainless steel tubes for Automobile Exhaust Systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001 the company accredited to ISO 9002 for quality management system under Lloyd's Register Quality Assurance (LRQA). RMTL had received AD 2000 - Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes & primary piping for nuclear reactors. Also RMTL made up-gradation of ISO 9002 certification to ISO 9001-2000 under LRQA. During the year 2004 the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch Gujarat during the identical year of 2004. After a year in 2005 RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 2004-05 the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006 the company had obtained API Spec 5L approval for Kutch plant and in 2007 Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During year 2009 3Layer PE & Epoxy Coating Plant was commissioned. In 2015 the Company commissioned supply of Moderater Heat Exchanger Tubes and Instrumentation Tubes for Kakrapara and Rajasthan projects of NPCIL. It established product quality for supply of Incoloy 800 tubes.In 2020-21 the installed & commissioned European Extrusion Press of 4500 MT to produce 10-inch diameter pipes having capacity of 20000 MTPA. It commissioned L-SAW (Submerged Arc Welded) Pipe manufacturing facility with a capacity of 120000 MTPA. Additional finishing line was installed to run production for Carbon steel ERW (Electric Resistance Welded) Pipes thereby increasing the capacity to 125000 MTPA.In 2021-22 Company commissioned and commercialized all new expansions like Electric Resistance Welded (ERW) LSAW (L-Submerged Arc Welded) and Stainless Steel (SS) Hot Extrusion.During year 2022-23 the Company acquired 53% Equity Shares in Ravi Technoforge Private Limited Rajkot (RTL) Accordingly RTL become subsidiary of the Company effective on October 28 2022. It also commissioned Hot Extrusion Press to produce Stainless Steel/ Nickel Alloy Seamless Pipes. It commenced operation at L-SAW Plant to produce Line Pipe.

Ratnamani Metals & Tubes Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

20877

EPS - TTM (₹) [S]

90.81

P/E Ratio (X) [S]

7.14

Face Value (₹) 2
Latest Dividend (%)600.00
Latest Dividend Date 27 Jul 2023
Dividend Yield (%) 0.40
Book Value Share (₹) [S]416.84
P/B Ratio (₹) [S]7.14
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.05 153 0.05
Groww Nifty Total Market Index Fund-Direct (G) 0.05 153 0.05

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

2892.30

3208.90

Week Low/High

2892.30

3208.90

Month Low/High

2892.30

3600.00

Year Low/High

1916.05

3939.00

All time Low/High

0.61

3939.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.22%-3.28%0.110.00%
1 Month-6.42%-6.55%2.963.60%
3 Month-15.34%-15.61%10.3411.76%
6 Month16.46%16.45%12.1814.83%
1 Year36.63%36.44%22.4126.66%
3 Year134.79%134.91%48.2552.26%

Company Info

Company Information

Chairman & Managing Director : P M Sanghvi

Joint Managing Director : J M Sanghvi

Whole-time Director : S M Sanghvi

Independent Director : D C Anjaria

Independent Director : V M Agrawal

Independent Director : P M Mehta

Independent Director : Nidhi G Gadhecha

Company Sec. & Compli. Officer : Anil Maloo

Independent Director : Sushil Solanki

Independent Director : Dhinal A. Shah

Independent Director : Rajesh G. Desai

Registered Office: 17 Rajmugat Society, Naranpura Char Rasta Naranpura,Ahmedabad,Gujarat-380013 Ph: 91-79-27415501-4

Email:info@ratnamani.com

URL:http://www.ratnamani.com