Ratnamani Metals & Tubes Limited (RATNAMANI) Fair Value & Analysis
Basic Materials · IN · Market cap ₹174B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 4 days ago
Share price −8.9% over the past month.
A solid business, but screening 52% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹1,455). The favourable scenario is already priced in.
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹684.34 to ₹1,455) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹1,164 – ₹3,837 · fair‑value band ₹684.34 – ₹1,455 · the ₹2,354 price screens above the ₹1,125 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ratnamani Metals & Tubes Limited (RATNAMANI) currently trades at ₹2,354, while our model-based Fair Value estimate is ₹1,125, implying the stock looks roughly 52.2% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Ratnamani Metals & Tubes Limited generated revenue of ₹44.9B at a net margin of 10.7%. Revenue declined 36.8% year over year. It earns a return on equity of 13.6%. Net debt stands at ₹2.4B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹684.34 (bear case) to ₹1,455 (bull case); at ₹2,354, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at -52%, RATNAMANI screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹1,242) versus Dividend Discount (₹225.37). Highest evidence: Growth DCF (80).
Notify me when RATNAMANI reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally.
Full company description
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 include seamless heat exchanger tubes, boiler tubes, instrumentation tubes, seamless pipes, heater pipes, seamless integral low-finned tubes, hollow bars, and coil tubes; and welded tubes and pipes, such as titanium welded tubes, seam-welded integral low, finned tubes, coil tubes, square and rectangular pipes, stainless steel 3lpe / pp /, and aro coated pipes. 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 pipeline 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 windmill towers, and general purpose applications. The company was incorporated in 1983 and is headquartered in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ratnamani Metals & Tubes Limited reported revenue of ₹44.9B in FY2026 versus ₹31.2B in FY2022, a compound +9.5%/yr. Reported net income was ₹4.8B in FY2026, compounding +10.6%/yr from FY2022.
of which total revenue +13.3 pp · buybacks/dilution +0.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
RATNAMANI screens 52% overvalued. Compare with JSW Steel Limited →
Peer Group
Steel · 380 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Steel median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| JSW Steel Limited JSWSTEEL | ₹1,269 | ₹1,140 | -10% |
| Tata Steel Limited TATASTEEL | ₹186.20 | ₹145.39 | -22% |
| China Steel Corporation 2002A | 37.25 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 325,000 KRW | 155,270 KRW | -52% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,838 ARS | +16% |
| Jindal Steel Limited JINDALSTEL | ₹1,112 | ₹516.27 | -54% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,894 | ₹771.10 | -59% |
| Gerdau S.A GGBN | 83.50 MXN | 39.22 MXN | -53% |
| Ternium S.A TXR | 17,780 ARS | 27,472 ARS | +55% |
| NMDC Limited NMDC | ₹85.00 | ₹112.98 | +33% |
Compare Ratnamani Metals & Tubes Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Ratnamani Metals & Tubes Limited (RATNAMANI) overvalued or undervalued?
What is the fair value of RATNAMANI?
What is the quality score of RATNAMANI?
What is the revenue of Ratnamani Metals & Tubes Limited (RATNAMANI)?
What is the net profit margin of RATNAMANI?
Does Ratnamani Metals & Tubes Limited pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Ratnamani Metals & Tubes Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.