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Ratnamani Metals & Tubes
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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 4,500 MT to produce 10-inch diameter pipes having capacity of 20,000 MTPA. It commissioned L-SAW (Submerged Arc Welded) Pipe manufacturing facility with a capacity of 1,20,000 MTPA. Additional finishing line was installed to run production for Carbon steel ERW (Electric Resistance Welded) Pipes, thereby increasing the capacity to 1,25,000 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 share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ratnamani Metals & Tubes indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ratnamani Metals & Tubes is valued compared to its competitors.
Ratnamani Metals & Tubes PE ratio helps investors understand what is the market value of each stock compared to Ratnamani Metals & Tubes 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ratnamani Metals & Tubes evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ratnamani Metals & Tubes generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ratnamani Metals & Tubes in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ratnamani Metals & Tubes shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ratnamani Metals & Tubes compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ratnamani Metals & Tubes over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ratnamani Metals & Tubes helps investors get an insight into when they can enter or exit the stock. Key components of Ratnamani Metals & Tubes Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ratnamani Metals & Tubes shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ratnamani Metals & Tubes ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ratnamani Metals & Tubes provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ratnamani Metals & Tubes highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ratnamani Metals & Tubes .
The balance sheet presents a snapshot of Ratnamani Metals & Tubes ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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