# Ratnamani Metals & Tubes share price today (Ratnamani Metals & Tubes Ltd, NSE: RATNAMANI)

> Ratnamani Metals & Tubes share price today: ₹2,380.00 at the NSE close on 3 November 2026, down 1.8% in a year. Ratnamani Metals & Tubes (NSE: RATNAMANI) is worth ₹16,684 crore, trades at a P/E of 38.0 and has closed between ₹2,003.60 and ₹2,869.40 over the past 52 weeks. > Ratnamani Metals & Tubes Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RATNAMANI · Stainless Steel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/ratnamani-metals-tubes-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹2,380.00 (−1.8% in a year)
- P/E: 38.0× (higher than 87% of the last 11 years)
- Revenue (Jun 2026): ₹972 Cr (−15.6% on a year ago)
- Profit (Jun 2026): ₹107 Cr (−15.7% on a year ago)
- Operating margin: 17.0% (+1.0 points on a year ago)
- ROCE: 18%, FY26
- Profit that came in as cash: 117%, last 3 years

The main question: domestic institutions moved +2.2 percentage points over 8 quarters while the business went the other way. ## What is the Ratnamani Metals & Tubes share price today? Ratnamani Metals & Tubes Ltd's share price was ₹2,380.00 at the close on 3 November 2026. It has been rising for 6 weeks. That is 5.7% below its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 10 weeks in a row. In the last 52 weeks it traded between ₹2,004 and ₹2,869, and at that close it sat 43% of the way up from that low. Over the last 11 years the share price moved +731% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Ratnamani Metals & Tubes this quarter? ## What are Ratnamani Metals & Tubes' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Ratnamani Metals & Tubes reported revenue of ₹972 crore, down 15.6% from ₹1,152 crore a year earlier, and a profit of ₹107 crore, down 15.7% from ₹127 crore. ### Ratnamani Metals & Tubes results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹972 crore | ₹1,152 crore | −15.6% |
| Profit | ₹107 crore | ₹127 crore | −15.7% |
| Earnings per share | ₹11.72 | ₹18.81 | −37.7% |
| Operating margin | 17.0% | 16.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 18 May 2026, about January to March 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Ratnamani Metals & Tubes share price history? Ratnamani Metals & Tubes closed at ₹2,380.00 on 3 November 2026, down 1.8% from ₹2,424.80 a year earlier (31 October 2025) and up 64.0% over five years. Its highest weekly close since February 2016 was ₹3,822.90 on 1 December 2023. ### Ratnamani Metals & Tubes share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹2,312.80 | +2.9% |
| 1 month ago · 1 Oct 2026 | ₹2,619.40 | −9.1% |
| 6 months ago · 30 Apr 2026 | ₹2,645.00 | −10.0% |
| 1 year ago · 31 Oct 2025 | ₹2,424.80 | −1.8% |
| 3 years ago · 3 Nov 2023 | ₹2,958.60 | −19.6% |
| 5 years ago · 4 Nov 2021 | ₹1,450.90 | +64.0% |
| 10 years ago · 4 Nov 2016 | ₹402.77 | +490.9% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹286.43 | +730.9% |
| Highest weekly close since February 2016 · 1 Dec 2023 | ₹3,822.90 | −37.7% |
| Lowest weekly close since February 2016 · 4 Mar 2016 | ₹284.83 | +735.6% |
| 52-week high (weekly close) · 8 May 2026 | ₹2,869.40 | −17.1% |
| 52-week low (weekly close) · 6 Feb 2026 | ₹2,003.60 | +18.8% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Ratnamani Metals & Tubes? 3 Nov 2026: Ratnamani Metals & Tubes closed at ₹2,380.00, up 2.9% on the week and down 9.1% on the month. 11 Aug 2026: ex-date for a dividend of ₹10 a share. ### Earlier

- Results for April to June 2026: Revenue down 15.6% and profit down 15.7% on a year earlier. - 18 May 2026: Ratnamani Metals & Tubes held its results call for January to March 2026. Management guided: Standalone revenue FY27 ₹4,800-5,000 crores (range, prepared and extracted) assumes normalization within 1-3 months; ₹100-150 crores backlog from Middle East shipping embedded; consolidated operating margin 16% +/- 1% sustainable if conflict resolves within 3-5 months. ## What dividend does Ratnamani Metals & Tubes pay? Ratnamani Metals & Tubes paid ₹10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.42% at the ₹2,380.00 close on 3 November 2026. The last was a dividend of ₹10 a share, ex-date 11 August 2026. ### Ratnamani Metals & Tubes dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 11 Aug 2026 | ₹10 | Dividend |
| 2 Sep 2025 | ₹14 | Dividend |
| 20 Aug 2024 | ₹14 | Dividend |
| 27 Jul 2023 | ₹12 | Dividend |
| 1 Aug 2022 | ₹9.33 | Dividend |
| 17 Sep 2021 | ₹14 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Ratnamani Metals & Tubes Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Ratnamani Metals & Tubes management say on the latest results call? On the call for January to March 2026, held on 18 May 2026, Ratnamani Metals & Tubes' management guided: Standalone revenue FY27 ₹4,800-5,000 crores (range, prepared and extracted) assumes normalization within 1-3 months; ₹100-150 crores backlog from Middle East shipping embedded; consolidated operating margin 16% +/- 1% sustainable if conflict resolves within 3-5 months. > “For any greenfield nuclear power plant of one gigawatt, approximately 4,000-5,000 tons of pipe spools are required. Considering the number of plants India and other geographies are planning, our capacity will be booked for these new projects.”
> Manoj Sanghvi, on the call for January to March 2026

### What management guided

- Subsidiary growth FY27: Ravi Technoforge 10-15% (high utilization, limited capacity headroom); Ratnamani Techno Spooling 20-25% with 20-25% margins (₹550 crore order book with ₹480-500 crores planned conversion)
- Middle East facility March 2027 completion for design, engineering, trials (specific date with 3-month slippage contingency if conflict persists); meanwhile 18-meter spiral welded pipes operational, Ravi automation ongoing. - Standalone routine capital spending (ex-Saudi) ₹150-200 crores; power sector opportunity 80 GW thermal and renewable additions (4-5 years) and 100 GW nuclear by 2047 (PM goal) - directional only, unquantified in tonnage. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/2185-18-May-2026.pdf). (From the call for January to March 2026, 18 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Ratnamani Metals & Tubes' next results? When Ratnamani Metals & Tubes reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Ratnamani Techno Spooling FY27 revenue conversion: ₹480-500 crores from ₹550 crore order book - track quarterly spooling segment revenue and capacity utilization vs management's 87-91% conversion goal. - What to check (from the call)
- Ratnamani Techno Spooling FY27 revenue conversion: ₹480-500 crores from ₹550 crore order book - track quarterly spooling segment revenue and capacity utilization vs management's 87-91% conversion goal. - Power sector demand realization in H2 FY27: Management characterized Q3-Q4 outlook as very promising for stainless and carbon orders contingent on geopolitical normalization - next call should quantify order inflows and backlog growth vs ₹4,800-5,000 crores standalone guidance. - Middle East facility (Saudi Arabia): Design approval completion and construction contract award timing signals whether normalization occurred within management's 1-month window; delays beyond 3 months will trigger revised FY27 capital spending and equipment ordering timeline. ## Which stock lists is Ratnamani Metals & Tubes on? Ratnamani Metals & Tubes is on 2 of our India lists: Breakout stocks and Small & mid cap stocks. - [Breakout stocks Breakout date: 9 October 2026](https://www.sectoralpha.in/breakout-stocks-india)
- [Small & mid cap stocks Size rank in India: 400](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Ratnamani Metals & Tubes profitable? Ratnamani Metals & Tubes Ltd earned ₹107 Cr of net profit in the Jun 2026 quarter, −15.7% on the same quarter a year earlier. Full-year FY26 profit was ₹534 Cr. Over 10 years profit has grown 12.5% a year on average. That is 11.0% of the quarter's revenue. The same quarter a year earlier earned ₹127 Cr. For the full year, FY26 profit was ₹534 Cr (−1.5% on the year before). Why profit moved: revenue changed −15.6% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +0.1% and revenue −12.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Ratnamani Metals & Tubes make, and is it growing? Ratnamani Metals & Tubes Ltd reported ₹972 Cr of revenue in the Jun 2026 quarter, −15.6% on the same quarter a year earlier. Over 10 years it has grown 10.1% a year on average. The last full year, FY26, came in at ₹4,494 Cr. The last four reported quarters add to ₹4,315 Cr. FY26 revenue was ₹4,494 Cr, −13.3% on the year before. Recent pace: the last four quarters grew −12.1% on average, against 10.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −16.3%, against −7.7% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −8.5%, against −7.1% a year (stabilising). ## How much of every ₹100 of sales does Ratnamani Metals & Tubes keep? Ratnamani Metals & Tubes Ltd's operating margin was 17.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 15.0% and 19.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.4 percentage points on the year while gross margin changed +6.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Ratnamani Metals & Tubes' profit turning into cash? Over the last 3 years, 117% of Ratnamani Metals & Tubes Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹936 Cr of operating cash against ₹534 Cr of profit. After ₹507 Cr of spending on assets, ₹429 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 117% of profit came in as cash: the cash cycle got 73 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 3.0× depreciation over three years. The next section checks what that spending is building. ## Where does Ratnamani Metals & Tubes' cash go? Ratnamani Metals & Tubes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 210 days in FY26, up from 137 days in FY21. It spent ₹1,028 Cr on assets over the last 3 years. Customers take 82 days to pay, and stock sits for 174 days on average. At FY26 sales of ₹4,494 Cr, each day of that cycle ties up about ₹12.3 Cr, so roughly ₹2,586 Cr is tied up in the business at any time. FY26: customers took 82 days to pay and stock sat for 174 days, about 5.7 months of sales sitting as stock, for a full cycle of 210 days, longer than FY21's 137. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 174 days. Customers pay about 82 days after that. Suppliers are paid at 46 days. Together that makes the 210-day cycle. Spending on assets: ₹1,028 Cr over the last 3 years, against ₹338 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹302 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Ratnamani Metals & Tubes' P/E ratio, and how does it compare with its own history? Ratnamani Metals & Tubes Ltd's P/E is 38.0×, near the high end of its own history: higher than 87% of past readings. Its usual P/E (the middle reading) is 31.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹61.75. Why the multiple is where it is: over the past year earnings per share moved −11.3% while the price moved −1.8%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +10.4% a year; about +8.6% a year came from earnings growth and about +1.8 percentage points from the multiple (the market paying more); over 10 years the price moved +19.4% a year; about +10.2% a year came from earnings growth and about +9.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 23% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Ratnamani Metals & Tubes business getting better or worse? Ratnamani Metals & Tubes Ltd's business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −16.3% in the latest quarter, against +9.5% at its best in 12 quarters, with ROCE falling at 18.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Ratnamani Metals & Tubes earn on its capital? Ratnamani Metals & Tubes Ltd earned a ROCE of 18% in FY26. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 11.9% net margin and 0.83× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 11.9% net margin × 0.83× asset turnover × 1.31× leverage (assets divided by equity) ≈ 12.9% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 23% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Ratnamani Metals & Tubes have too much debt? Ratnamani Metals & Tubes Ltd had ₹318 Cr of borrowings against ₹4,111 Cr of equity in FY26, so its debt is 0.08× its equity. Its operating profit is 25 times its interest bill. Over 5 years borrowings went from ₹207 Cr to ₹318 Cr. Over the last 3 of those years it spent ₹1,028 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 23% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Ratnamani Metals & Tubes shareholding pattern? Domestic institutions raised their stake in Ratnamani Metals & Tubes Ltd by 2.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 18.9% of the company. Foreign institutions moved −1.8 points over the same period, to 10.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.2 points over 8 quarters, to 18.9%; Foreign institutions: −1.8 points over 8 quarters, to 10.9%; Promoters: +0.0 points over 8 quarters, to 59.8%. Why the owners changed: foreign institutions moved −1.8 points and domestic institutions +2.2 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Ratnamani Metals & Tubes from balance-sheet trouble? For Ratnamani Metals & Tubes Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Ratnamani Metals & Tubes rank in its industry? 36.0 out of 100, rank 4 of 4 in Stainless Steel, with 75% of the evidence available. Ratnamani Metals & Tubes Ltd scores 36.0 out of 100 against the 4 companies it is compared with in Stainless Steel, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 9 + 17.9 + 7 + 2.1 = 36. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Ratnamani Metals & Tubes compared with? Ratnamani Metals & Tubes ranks 4 of 4 Stainless Steel companies on the 4-Factor Sector Score, with 36.0 out of 100. 1. [Aeroflex Industries Ltd](https://www.sectoralpha.in/stocks/aeroflex-industries-ltd) AEROFLEX · breaking out · Most evidence points up · 97% evidence 67.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.2/35 · Revenue 54.8% · Profit 91.5% · Operating margin change 1 points · 100% evidence Capital efficiency 19.4/25 · ROCE 18.9% · Operating margin 24% · 100% evidence Valuation 2.0/20 · P/E 79.3× · PEG 3.86 · 85% evidence Relative strength 14.0/20 · Lead over its industry 23.9% · Lead over NIFTY 500 63.7% · 1 year 186.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 32.2 + 19.4 + 2 + 14 = 67.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Ratnaveer Precision Engineering Ltd](https://www.sectoralpha.in/stocks/ratnaveer-precision-engineering-ltd) RATNAVEER · leader · Evidence leans up · 97% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 20.9% · Profit 46.1% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 12.3% · Operating margin 9% · 100% evidence Valuation 12.0/20 · P/E 39.6× · PEG 0.35 · 85% evidence Relative strength 20.0/20 · Lead over its industry 43.2% · Lead over NIFTY 500 93.5% · 1 year 140.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.3 + 9.8 + 12 + 20 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Jindal Stainless Ltd](https://www.sectoralpha.in/stocks/jindal-stainless-ltd) JSL · quiet · Evidence leans down · 90% evidence 48.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 11.7% · Profit 20.3% · Operating margin change -2 points · 100% evidence Capital efficiency 16.3/25 · ROCE 19.3% · Operating margin 11% · 100% evidence Valuation 15.0/20 · P/E 16.8× · PEG 0.67 · 50% evidence Relative strength 0.1/20 · Lead over its industry -33.9% · Lead over NIFTY 500 -4.8% · 1 year -10.5% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.9 + 16.3 + 15 + 0.1 = 48.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. Ratnamani Metals & Tubes Ltd this page RATNAMANI · turning · Evidence leans down · 75% evidence 36.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.0/35 · Revenue -16.3% · Profit -8.5% · Operating margin change 1 points · 83% evidence Capital efficiency 17.9/25 · ROCE 17.9% · Operating margin 17% · 76% evidence Valuation 7.0/20 · P/E 37× · PEG n/a · 35% evidence Relative strength 2.1/20 · Lead over its industry -30% · Lead over NIFTY 500 -0.8% · 1 year -4.4% · 100% evidence · 6 of 12 weeks ahead Exact sum: 9 + 17.9 + 7 + 2.1 = 36 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Stainless Steel](https://www.sectoralpha.in/sectors/stainless-steel), all 4 compared on one page. ## Which companies are close to Ratnamani Metals & Tubes in size? Ratnamani Metals & Tubes is the 2nd largest of 4 Stainless Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Stainless. Just below it: Aeroflex Industries and Ratnaveer Precision Engineering. ### Stainless Steel companies close in size

1. [Jindal Stainless Ltd](https://www.sectoralpha.in/stocks/jindal-stainless-ltd) ₹55,566 crore
2. Ratnamani Metals & Tubes Ltd ₹16,256 crore
3. [Aeroflex Industries Ltd](https://www.sectoralpha.in/stocks/aeroflex-industries-ltd) ₹7,098 crore
4. [Ratnaveer Precision Engineering Ltd](https://www.sectoralpha.in/stocks/ratnaveer-precision-engineering-ltd) ₹3,023 crore

[All 4 Stainless Steel companies, largest first](https://www.sectoralpha.in/sectors/stainless-steel#all-companies)

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3. Ratnamani Metals & Tubes Ltd ₹16,256 crore
4. [Syngene International Ltd](https://www.sectoralpha.in/stocks/syngene-international-ltd) ₹16,256 crore · Pharma - API & CRAMS
5. [Computer Age Management Services Ltd](https://www.sectoralpha.in/stocks/computer-age-management-services-ltd) ₹16,243 crore · Finance - Capital Markets - RTA

## What else do people ask about Ratnamani Metals & Tubes? ### What is Ratnamani Metals & Tubes's share price today? Ratnamani Metals & Tubes Ltd's share price is ₹2,380.00, −1.8% over the past year. The whole company is worth ₹16,684 Cr on the market. In the last 52 weeks it traded between ₹2,004 to ₹2,869; today it is 43% of the way up from the low, 5.7% below its 200-day average (as of 3 November 2026). ### What were Ratnamani Metals & Tubes's latest quarterly results? Ratnamani Metals & Tubes Ltd reported revenue of ₹972 Cr and net profit of ₹107 Cr for the Jun 2026 quarter. Revenue fell 15.6% and profit fell 15.7% compared with a year earlier. Earnings per share were ₹11.72 (as of 3 November 2026). ### What is Ratnamani Metals & Tubes's market cap? Ratnamani Metals & Tubes Ltd's market capitalisation is ₹16,684 Cr at a share price of ₹2,380.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Ratnamani Metals & Tubes performing? Ratnamani Metals & Tubes Ltd's share price has been rising for 6 weeks. In its latest quarter, revenue fell 15.6% and profit fell 15.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 10 weeks running (as of 3 November 2026). ### Will Ratnamani Metals & Tubes's share price go up? This page does not forecast Ratnamani Metals & Tubes Ltd's share price. What it shows instead: the share price is ₹2,380.00, and it has been rising for 6 weeks. Its P/E of 38.0× is higher than 87% of its own last 11 years (as of 3 November 2026). ### Who owns Ratnamani Metals & Tubes? Promoters own 59.8% of Ratnamani Metals & Tubes Ltd, foreign institutions 10.9%, domestic institutions 18.9% and the public 10.3% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.2 percentage points over 8 quarters (as of 3 November 2026). ### Where is Ratnamani Metals & Tubes in its business cycle? Ratnamani Metals & Tubes Ltd's FY26 operating margin was 17.0%, against a 13-year range of 15.0% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Ratnamani Metals & Tubes story? The main question: domestic institutions moved +2.2 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Ratnamani Metals & Tubes a stock worth studying right now? What the numbers show: Ratnamani Metals & Tubes Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Ratnamani Metals & Tubes share price forecast for 2026? What management itself guided: Standalone revenue FY27 ₹4,800-5,000 crores (range, prepared and extracted) assumes normalization within 1-3 months; ₹100-150 crores backlog from Middle East shipping embedded; consolidated operating margin 16% +/- 1% sustainable if conflict resolves within 3-5 months. ## Lists

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