Overall Fundamental outlook

Business Operations:

Sector: Basic Materials
Industry: Steel

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 comprise seamless and welded tubes and pipes, and heat exchanger tubes; and instrumentation seamless tubes. 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 pipe line 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 wind mill towers, and general purpose applications. Ratnamani Metals & Tubes Limited was incorporated in 1983 and is headquartered in Ahmedabad, India.

Revenue projections:

Revenue projections for RATNAMANI
Revenue projections for RATNAMANI

Revenues for Ratnamani Metals & Tubes Limited are expected to drop compared to the previous year, which could be a cause for concern for investors. A decline in earnings may negatively impact the company's profitability, leading cautious investors to reconsider their positions, as it often signals challenges in overall financial health.

Financial Ratios:

currentRatio 0.000000
forwardPE 22.174446
debtToEquity 4.295000
earningsGrowth 0.369000
revenueGrowth -0.102000
grossMargins 0.365260
operatingMargins 0.154920
trailingEps 80.960000
forwardEps 0.000000

Ratnamani Metals & Tubes Limited's Forward PE ratio is in a good range, reflecting a reasonable balance between stock price and earnings. The stock is not overpriced, leaving room for growth, which suggests potential for investors looking to capitalize on future value appreciation.

Price projections:

Price projections for RATNAMANI
Price projections for RATNAMANI

Ratnamani Metals & Tubes Limited's price projections have gradually decreased, indicating a more conservative outlook from analysts. The repeated downward revisions suggest waning confidence in the company's ability to achieve its previous targets.

Recommendation changes over time:

Recommendations trend for RATNAMANI
Recommendations trend for RATNAMANI


Analysts' buy bias toward RATNAMANI suggests the stock is seen as a solid investment, potentially motivating investors to consider it for their portfolios. With this positive outlook, RATNAMANI is likely to be viewed as a secure place to allocate funds, driving further interest in the stock.