RATNAMANIRatnamani Metals & Tubes Ltd.

₹2313.8-1.15%

Market Cap

₹16,287.28 Cr

Stock P/E

28.54

ROCE

21.96%

ROE

16.01%

Book Value

₹535.59

Financials

YoY Net Sales

EPS Growth

Operating Margin

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Holdings

Distribution

Promoter

Institution

Public

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From Last Concall

POSITIVES

•
Highest-ever sales in Q4 and full year, underscoring demand strength in value-added products.
•
Standalone sales of Rs. 1,575 crore in Q4, up 11% YoY, aided by higher-value products.

NEGATIVES

•
Domestic demand for oil & gas line pipes muted; export demand remains relatively stronger.
•
Boiler tubes margins may not stay at past levels due to competition from pierced products.

Peers Summary

Sector Leader

Ratnamani Metals & Tubes Ltd. stands out among its peers with strong revenue growth, impressive profitability metrics, and a solid balance sheet. It offers a compelling investment opportunity, particularly given its lower PE and PEG ratios compared to some larger players in the steel sector.

Key Points

• Ratnamani Metals & Tubes Ltd. boasts the highest YoY revenue growth at 13.07% and the highest ROE at 21.76%.
• Tata Steel Ltd. exhibits the lowest revenue growth (YoY) at -4.64% and has negative ROE, indicating financial distress.
• JSW Steel Ltd. is the most overvalued based on its PE ratio of 37.15, while Ratnamani is undervalued with a PE of 29.05.
• APL Apollo Tubes Ltd. is identified as financially risky due to its high PEG ratio of 9.79 despite decent growth metrics.

Top Performers

Ratnamani Metals & Tubes Ltd.

Highest revenue growth (YoY) at 13.07% and strong ROE of 21.76%.

Jindal Stainless Ltd.

Solid ROE of 16.13% and attractive PEG ratio of 0.70.

JSW Steel Ltd.

Solid revenue growth over 3 years (29.9%) but higher valuation metrics compared to others.

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