Ratnamani Metals & Tubes cash flow

Latest FY26

Cash from operations: ₹936cr+74.6% on FY25
Capital spending: ₹485cr+47.5% on FY25
Free cash flow: ₹451cr+117.6% on FY25
Cash from financing: ₹59.2cr−₹130 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	132	108	97.5	83.3
	—	−51.5	−28.3	−49.8	−9.7
	—	1.5	4.4	8.7	0.0
	—	−28.9	−9.9	−5.5	−2.5
	—	52.7	33.6	31.7	23.3
	—	231	−69.1	−89.5	−95.7
	—	284	−296	60.2	−366
	—	−22.2	−1.7	0.0	0.0
	—	0.6	−60.8	12.7	−6.5
	—	0.0	0.0	12.3	17.9
	—	−46.3	−13.7	−7.4	18.6
	—	−3.8	11.4	10.9	4.4
	—	−147	305	−175	88.1
	—	0.0	0.0	0.0	9.0
	—	5.4	−3.1	0.8	2.4
Cash from operating activities
	668	706	738	828	694
	—	408	−19.8	−92.6	−233
	—	1,114	718	735	460
	—	178	182	224	150
	—	936	536	511	310
Cash from investing activities
	—	485	329	213	142
	—	1.4	23.3	4.0	4.2
	—	0.0	0.0	0.0	49.9
	—	7.4	32.7	19.3	10.3
	—	−671	−124	44.5	−30.4
	—	−1,148	−397	−145	−208
Cash from financing activities
	—	168	28.3	0.0	43.4
	—	9.9	33.9	73.8	71.8
	—	4.8	3.1	0.0	0.0
	—	16.4	98.1	35.0	22.2
	—	98.1	0.0	84.1	65.4
	—	0.0	26.0	0.0	0.0
	—	20.4	2.7	0.0	0.0
	—	59.2	−130	−193	−116
	—	−152	8.9	173	−13.3
	—	1.1	−4.7	−0.2	−0.2
	—	−151	4.2	173	−13.5
	—	225	225	207	34.1
Reference items
	732	758	824	897	775
	17.0%	16.9%	15.9%	17.7%	17.3%
	451	451	207	298	169
	—	598	107	181	—
	₹64.31	₹64.31	₹29.55	₹42.54	₹24.05
	35.70×	—	—	—	—
	—	1.75×	0.99×	0.82×	0.61×
	—	178	182	224	150
	—	16.4	98.1	35.0	22.2

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RATNAMANI₹2,296.00

Ratnamani Metals & Tubes Ltd.

· Capital Goods & Defence

₹ CrorePeersMAHSEAMLES JINDALSAW WELCORP QPOWER PRAJIND SAATVIKGL PARAS SHAKTIPUMPMcap ₹16,093 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	83.3	97.5	107.7	131.6	—
+ Interest Income	-9.7	-49.8	-28.3	-51.5	—
+ Fair Value (Gains) / Losses	0.0	8.7	4.4	1.5	—
+ Unrealised FX (Gain) / Loss	-2.5	-5.5	-9.9	-28.9	—
+ Other Non-cash Items	23.3	31.7	33.6	52.7	—
Changes in Working Capital
+ Inventories	-95.7	-89.5	-69.1	231.1	—
+ Trade Receivables — Current	-366.2	60.2	-295.8	284.1	—
+ Other Financial Assets — Current	0.0	0.0	-1.7	-22.2	—
+ Other Financial Assets — Non-current	-6.5	12.7	-60.8	0.6	—
+ Other Current Assets	17.9	12.3	0.0	0.0	—
+ Trade Payables — Current	18.6	-7.4	-13.7	-46.3	—
+ Other Financial Liabilities — Current	4.4	10.9	11.4	-3.8	—
+ Other Current Liabilities	88.1	-175.1	305.5	-146.7	—
+ Other Non-current Liabilities	9.0	0.0	0.0	0.0	—
+ Provisions — Current	2.4	0.8	-3.1	5.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	693.5	827.7	738.0	706.3	668.0
+ Total Adjustments (incl. Working Capital)	-233.5	-92.6	-19.8	407.5	—
Cash from Operations (pre-tax)	460.1	735.1	718.1	1,113.9	—
+ Income Taxes Paid	149.6	223.9	181.9	177.9	—
Cash from Operating Activities	310.5	511.2	536.2	936.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	141.9	213.0	329.1	485.3	—
+ Disp of Fixed Assets	4.2	4.0	23.3	1.4	—
+ Acq of Other Long-term Assets	49.9	0.0	0.0	0.0	—
+ Interest Received — Investing	10.3	19.3	32.7	7.4	—
+ Other Inflows / (Outflows) — Investing	-30.4	44.5	-124.1	-671.2	—
Cash from Investing Activities	-207.7	-145.3	-397.1	-1,147.6	—
Cash from Financing Activities
+ Proceeds from Borrowings	43.4	0.0	28.3	168.1	—
+ Repayment of Borrowings	71.8	73.8	33.9	9.9	—
+ Payment of Lease Liabilities	0.0	0.0	3.1	4.8	—
+ Interest Paid	22.2	35.0	98.1	16.4	—
+ Dividends Paid	65.4	84.1	0.0	98.1	—
+ Income Taxes (Paid) / Refund — Financing	0.0	0.0	26.0	0.0	—
+ Other Inflows / (Outflows) — Financing	0.0	0.0	2.7	20.4	—
Cash from Financing Activities	-116.1	-192.9	-130.2	59.2	—
Net Changes in Cash (pre-FX)	-13.3	173.0	8.9	-152.4	—
+ Effect of FX Rate Changes on Cash	-0.2	-0.2	-4.7	1.1	—
Net Changes in Cash	-13.5	172.8	4.2	-151.3	—
Closing Cash	34.1	206.9	225.2	225.2	—
Reference Items
EBITDA	775.4	897.1	823.5	757.7	731.8
EBITDA Margin %	17.33	17.73	15.88	16.86	16.96
Free Cash Flow (CFO − Capex)	168.6	298.2	207.1	450.8	450.8
Free Cash Flow to Equity	—	181.4	107.1	598.1	—
Free Cash Flow per Basic Share	24.05	42.54	29.55	64.31	64.31
Price to Free Cash Flow	—	—	—	—	35.70
Cash Flow to Net Income	0.61	0.82	0.99	1.75	—
Cash Paid for Taxes	149.6	223.9	181.9	177.9	—
Cash Paid for Interest	22.2	35.0	98.1	16.4	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.