Ratnamani Metals & Tubes Limited (RATNAMANI) Fair Value & Analysis
Basic Materials · IN · Market cap ₹174B
Fair value as of: Jul 3, 2026
From 26 valuation models · updated today
Share price −2.2% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹1,946 – ₹3,046 · fair‑value band ₹804.78 – ₹1,463 · the ₹2,513 price screens above the ₹1,170 fair value. As of Jul 3, 2026.
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Ratnamani Metals & Tubes Limited (RATNAMANI) currently trades at ₹2,513, while our model-based Fair Value estimate is ₹1,170 — implying the stock looks roughly 53.4% overvalued today. We read business quality at 55/100 (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 Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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 …
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.
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| Tata Steel Limited TTST | $22.20 | $11.06 | -50% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.