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BSE: 520111 | NSE: RATNAMANI | Steel & Iron Products | Small Cap
1. Is Ratnamani Metals & Tubes Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Ratnamani Metals & Tubes Ltd is a good quality company.
2. Is Ratnamani Metals & Tubes Ltd undervalued or overvalued?
The key valuation ratios of Ratnamani Metals & Tubes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Ratnamani Metals & Tubes Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ratnamani Metals & Tubes Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 19.2% | 19% | 17% | 13.2% | 11.6% | 16.4% | 17.1% | 13.7% | 14.3% | 19.7% | - | ||
| Value Creation Index ⓘ | 0.4 | 0.4 | 0.2 | -0.1 | -0.2 | 0.2 | 0.3 | 0.0 | 0.1 | 0.5 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 1,353 | 1,687 | 1,718 | 1,412 | 1,767 | 2,755 | 2,586 | 2,298 | 3,139 | 4,370 | 4,677 | ||
| YoY Gr. Rt. % | - | 24.7% | 1.8% | -17.8% | 25.2% | 55.9% | -6.1% | -11.1% | 36.6% | 39.2% | - | ||
| Adj EPS ⓘ | 21.3 | 23.4 | 23.8 | 20.6 | 20.3 | 33.3 | 41.1 | 38.1 | 44.5 | 71.2 | 90.5 | ||
| YoY Gr. Rt. % | - | 9.9% | 1.7% | -13.6% | -1.3% | 63.8% | 23.3% | -7.3% | 17% | 59.9% | - | ||
| BVPS (₹) ⓘ | 109.3 | 129.6 | 149 | 169.3 | 186.6 | 217.1 | 243.7 | 283.4 | 320.6 | 385 | 416.8 | ||
| Adj Net Profit ⓘ | 149 | 164 | 167 | 144 | 142 | 233 | 288 | 267 | 312 | 499 | 635 | ||
| Cash Flow from Ops. ⓘ | 160 | 146 | 156 | 135 | -72.9 | 554 | 215 | 545 | -272 | 317 | - | ||
| Debt/CF from Ops. ⓘ | 0.5 | 0.3 | 0.2 | 0 | -1.1 | 0.1 | 1.2 | 0.4 | -0.6 | 0.5 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 13.9% | 19.9% | 19.1% | 39.2% | ||||||||
| Adj EPS ⓘ | 14.3% | 28.5% | 20.2% | 59.9% | ||||||||
| BVPSⓘ | 15% | 15.6% | 16.5% | 20.1% | ||||||||
| Share Price | 45.8% | 44.4% | 49% | 92.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 21.1 | 19.6 | 17.1 | 12.9 | 11.4 | 16.5 | 17.8 | 14.4 | 14.8 | 20.2 | 22.6 | |
| Op. Profit Mgn % ⓘ | 19.7 | 17.7 | 16.8 | 18.2 | 15 | 14.8 | 16.5 | 17.4 | 15.8 | 17.4 | 19.8 | |
| Net Profit Mgn % ⓘ | 11 | 9.7 | 9.7 | 10.2 | 8.1 | 8.5 | 11.1 | 11.6 | 9.9 | 11.4 | 13.6 | |
| Debt to Equity ⓘ | 0.1 | 0 | 0 | 0 | 0.1 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | |
| Working Cap Days ⓘ | 143 | 131 | 146 | 201 | 213 | 153 | 169 | 183 | 163 | 165 | 194 | |
| Cash Conv. Cycle ⓘ | 87 | 78 | 94 | 142 | 157 | 107 | 111 | 124 | 117 | 124 | 155 | |
Return on Equity has increased versus last 3 years average to 22.60%
Sales growth is growing at healthy rate in last 3 years 19.12%
Net Profit is growing at healthy rate in last 3 years 20.15%
Sales growth is good in last 4 quarters at 23.62%
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| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 90.5 | 88.8 |
| TTM Sales (₹ Cr.) | 4,677 | 4,904 |
| BVPS (₹.) ⓘ | 416.8 | 402.1 |
| Reserves (₹ Cr.) ⓘ | 2,908 | 2,805 |
| P/BV ⓘ | 8.93 | 9.26 |
| PE ⓘ | 41.13 | 41.92 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1875.05 / 3723.40 |
| All Time Low / High (₹) | 0.61 / 3660.00 |
| Market Cap (₹ Cr.) | 26,098 |
| Equity (₹ Cr.) | 14 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 26.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Since its inception in 1983, Ratnamani Metals & Tubes Ltd. is just not only manufacturing products but also delighting customers through its unmatched quality.
Over the span of time, Ratnamani has grown to become a multi-location, multi-product company providing critical tubing and piping solutions to diverse range of industries & niche markets in core sectors Viz., Oil & Gas, Refinery & Petrochemical, Dairy, Chemical & Fertilizer, Thermal, Solar & Nuclear Power, LNG, Desalination, Defense, Aerospace, Chillers & Cooling system, Pulp & Paper Industry, Automobile etc. Ratnamani has an impressive clientele comprising of major public, private and joint sector companies across the globe, who are leaders in their respective segments.
Business area of the company
The company is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes at Kutch, Indrad and Chhatral in the state of Gujarat. The company caters both domestic and international markets.
Product Lines
Milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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