Overall Fundamental outlook

Business Operations:

Sector: Basic Materials
Industry: Steel

Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless steel products comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. It also provides nickel alloy seamless heat exchanger and instrumentation tubes, and nickel alloy seamless pipes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers pipe coating solutions comprising external three layer polyethylene/polypropylene coating and single/dual layer fusion bonded epoxy coating; and internal coating solutions, such as internal liquid epoxy and cement mortar lining coatings. Further, it is involved in the generation of power from windmills. The company offers its products for various industries and applications, such as oil and gas exploration, LNG, food and dairy, fertilizer plants, thermal, solar and nuclear plants, defence, automobile, chemical, power plants, CNG, sugar, pulp and paper, petrochemicals and refineries, atomic energy, aerospace, desalination plants, pharmaceutical, marine, cross country pipe line for gas and water, pipes for engineering purpose, booster compressors and dispensers, water distribution pipelines, plumbing and heating, city gas distribution, structural pipe systems, sewerage, dredging pipes, mining pipes, air duct pipes, high mast pipes for wind mill towers, and general purpose applications. Ratnamani Metals & Tubes Limited was incorporated in 1983 and is headquartered in Ahmedabad, India.

Revenue projections:

Revenue projections for RATNAMANI
Revenue projections for RATNAMANI

Investors are expected to be cautious with RATNAMANI, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.

Financial Ratios:

currentRatio 3.31200
forwardPE 25.75193
debtToEquity 4.29500
earningsGrowth 0.05200
revenueGrowth 0.14700
grossMargins 0.34984
operatingMargins 0.15946
trailingEps 77.37000
forwardEps 0.00000

Ratnamani Metals & Tubes Limited's current ratio being 3.312 suggests the company will have no issues paying off its short-term debt. With sufficient cash reserves and current assets, Ratnamani Metals & Tubes Limited can easily cover its immediate liabilities, reflecting solid financial health.
Ratnamani Metals & Tubes Limited's Forward PE ratio is favorable, indicating that the stock price is well-positioned in relation to its earnings. It is not overpriced, leaving room for growth, which makes it a solid option for investors seeking both stability and future appreciation.

Price projections:

Price projections for RATNAMANI
Price projections for RATNAMANI

Price projections for RATNAMANI have been revised down over time, reflecting a less optimistic outlook. Analysts appear to be adjusting their expectations, signaling concerns about the company's ability to sustain its previous growth levels.

Recommendation changes over time:

Recommendations trend for RATNAMANI
Recommendations trend for RATNAMANI


Analysts have shown a buy bias for RATNAMANI, signaling it as a strong investment choice. This positive outlook could motivate investors to allocate funds to RATNAMANI, seeing it as a reliable and potentially profitable option, especially in an environment where the stock market is highly scrutinized.