| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 972 | 1,152 | −15.6% |
| EBITDA | 162 | 188 | −13.8% |
| EBITDA margin | 16.7% | 16.3% | +0.4 pts |
| Profit before tax | 137 | 176 | −21.8% |
| Net profit | 107 | 127 | −15.8% |
| EPS | ₹11.72 | ₹18.81 | −37.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 16,317 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 718 | 718 | 405 | 296 | 169 | ||
| 97.1 | 97.1 | 27.6 | 75.7 | 72.1 | ||
| 304 | 304 | 141 | 142 | 224 | ||
| 16,001 | — | — | — | — | ||
| 4,314 | 4,494 | 5,186 | 5,059 | 4,474 | ||
| — | −13.4% | +2.5% | +13.1% | — | ||
| 732 | 758 | 824 | 897 | 775 | ||
| 17.0% | 16.9% | 15.9% | 17.7% | 17.3% | ||
| 596 | 626 | 716 | 800 | 692 | ||
| 514 | 534 | 542 | 625 | 512 | ||
| 11.9% | 11.9% | 10.4% | 12.4% | 11.5% | ||
| ₹61.76 | ₹68.85 | ₹77.61 | ₹88.56 | ₹72.83 | ||
| — | −11.3% | −12.4% | +21.6% | — | ||
| — | 936 | 536 | 511 | 310 | ||
| — | −485 | −329 | −213 | −142 | ||
| 451 | 451 | 207 | 298 | 169 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 16,317.4 | |
| - Cash, Equiv & ST Investments | 169.2 | 295.6 | 404.7 | 718.2 | 718.2 | |
| + Minority Interest | 72.1 | 75.7 | 27.6 | 97.1 | 97.1 | |
| + Total Debt | 224.2 | 142.4 | 140.6 | 304.3 | 304.3 | |
| Enterprise Value | — | — | — | — | 16,000.6 | |
| Revenue | 4,474.4 | 5,059.1 | 5,186.5 | 4,494.0 | 4,314.0 | |
| Growth %, YoY | — | +13.1 | +2.5 | -13.4 | — | |
| EBITDA | 775.4 | 897.1 | 823.5 | 757.7 | 731.8 | |
| Margin % | 17.33 | 17.73 | 15.88 | 16.86 | 16.96 | |
| EBIT | 692.0 | 799.6 | 715.8 | 626.1 | 595.6 | |
| Net Income | 512.3 | 625.1 | 541.6 | 534.5 | 514.4 | |
| Margin % | 11.45 | 12.36 | 10.44 | 11.89 | 11.92 | |
| EPS, Adj (current shares) | 72.83 | 88.56 | 77.61 | 68.85 | 61.76 | |
| Growth %, YoY | — | +21.6 | -12.4 | -11.3 | — | |
| Cash from Operations | 310.5 | 511.2 | 536.2 | 936.0 | — | |
| Capital Expenditures | -141.9 | -213.0 | -329.1 | -485.3 | — | |
| Free Cash Flow | 168.6 | 298.2 | 207.1 | 450.8 | 450.8 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Ratnamani Metals & Tubes (NSE: RATNAMANI) had a market capitalisation of ₹16,256 crore at the 30 October 2026 close (₹2,319.30 a share), a PE ratio of 37.6 on the last four quarters' profit and a price-to-book ratio of 3.95. In FY26 its consolidated net profit attributable to shareholders was ₹483 crore on revenue of ₹4,494 crore; in Q1 FY27 (April–June 2026) it was ₹82.2 crore, down 37.7% year on year. Its debt-to-equity ratio was 0.07 on 31 March 2026. Promoters held 59.77% of the shares on 30 September 2026.
Ratnamani Metals & Tubes' PE ratio is 37.6 at the 30 October 2026 close (₹2,319.30 a share): a market capitalisation of ₹16,256 crore divided by consolidated net profit attributable to shareholders of ₹433 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹483 crore) it is 33.7.
Ratnamani Metals & Tubes' price-to-book (PB) ratio is 3.95 at the 30 October 2026 close: a market capitalisation of ₹16,256 crore divided by shareholders' equity (book value) of ₹4,111 crore on 31 March 2026. That is a book value of ₹586.46 per share against a share price of ₹2,319.30.
Ratnamani Metals & Tubes' net worth — shareholders' equity in its consolidated balance sheet — was ₹4,111 crore on 31 March 2026, up 13.0% from ₹3,637 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹16,256 crore at the 30 October 2026 close.
Ratnamani Metals & Tubes' market capitalisation was ₹16,256 crore at the 30 October 2026 close: 7.01 crore shares at ₹2,319.30 each.
No. Ratnamani Metals & Tubes had borrowings of ₹304 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.07. Its cash and current investments were ₹718 crore, so it held net cash of ₹414 crore.
Ratnamani Metals & Tubes' basic earnings per share (EPS) were ₹68.85 in FY26, against ₹77.27 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹61.76.
Ratnamani Metals & Tubes' debt-to-equity ratio was 0.07 on 31 March 2026: borrowings of ₹304 crore against total equity of ₹4,208 crore. A year earlier, on 31 March 2025, it was 0.04.
Ratnamani Metals & Tubes' book value per share was ₹586.46 on 31 March 2026: shareholders' equity of ₹4,111 crore divided by the 7.01 crore shares in issue, up 13.0% from ₹518.90 a year earlier. The share price at the 30 October 2026 close was ₹2,319.30.
Promoters held 59.77% of Ratnamani Metals & Tubes on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Ratnamani Metals & Tubes' return on equity (ROE) was 12.5% and its return on capital employed (ROCE) was 14.9%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 16.1% and ROCE 19.5%.
Ratnamani Metals & Tubes' dividend yield is 0.43% at the 30 October 2026 close: dividends of ₹10 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹2,319.30. They were ₹10 on 11 August 2026.
On 30 September 2026, Ratnamani Metals & Tubes' shares were held by promoters 59.77%, foreign portfolio investors (FII/FPI) 10.94%, domestic institutions (DII) 18.93% (including mutual funds at 18.75%) and retail and other non-institutional investors 10.33%. Over the year, FII holding was down 0.21 percentage points from 11.15% and DII holding was up 0.14 percentage points from 18.79%.
In 2026, Ratnamani Metals & Tubes has declared one dividend: ₹10 with record date 11 August 2026.
In FY26, Ratnamani Metals & Tubes generated ₹936 crore of cash from operations and spent ₹485 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹451 crore. In FY25 it was ₹207 crore.
Ratnamani Metals & Tubes will announce its Q2 FY27 results (July–September 2026) on Friday, 6 November 2026, the date of the board meeting it has notified to the exchanges.
Ratnamani Metals & Tubes' latest results are for Q1 FY27 (April–June 2026), filed on 7 August 2026: consolidated net profit attributable to shareholders ₹82.2 crore, down 37.7% from ₹132 crore in Q1 FY26; revenue from operations ₹972 crore, down 15.6% year on year.
In FY26 (April 2025–March 2026), Ratnamani Metals & Tubes' consolidated net profit attributable to shareholders was ₹483 crore, down 11.3% from ₹544 crore in FY25, on revenue from operations of ₹4,494 crore (down 13.4%). Over three years, from FY23, net profit was down 5.5%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Ratnamani Metals & Tubes' PE ratio is 33.7, the second highest of the four: Maharashtra Seamless 10.3, Jindal Saw 15.0 and Welspun Corp 38.3, a peer average of 21.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Maharashtra Seamless, Jindal Saw and Welspun Corp: Ratnamani Metals & Tubes' operating margin of 13.9% is the highest of the four (Maharashtra Seamless 12.2%, Jindal Saw 8.9%, Welspun Corp 11.2%; peer average 10.8%); its return on equity of 12.5% is the second highest of the four (Maharashtra Seamless 10.6%, Jindal Saw 8.1%, Welspun Corp 19.4%; peer average 12.7%); its revenue growth over three years of 0.2% a year is the second highest of the four (Maharashtra Seamless −6.5% a year, Jindal Saw 0.1% a year, Welspun Corp 19.8% a year; peer average 4.4% a year).
In FY26, Ratnamani Metals & Tubes earned net profit attributable to shareholders of ₹483 crore on revenue of ₹4,494 crore, against ₹701 crore on ₹4,674 crore for Maharashtra Seamless. Ratnamani Metals & Tubes' operating margin was 13.9% (Maharashtra Seamless 12.2%) and its return on equity 12.5% (Maharashtra Seamless 10.6%). At the 30 October 2026 close, Ratnamani Metals & Tubes' market capitalisation was ₹16,256 crore against ₹7,214 crore for Maharashtra Seamless, and its PE ratio on FY26 profit 33.7 against 10.3.
From Ratnamani Metals & Tubes' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.