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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Ratnamani Metals and Tubes Limited is an India-based holding company. The Company is engaged in the manufacturing of iron and steel tubes, tube fittings and pipes, including stainless steel seamless and welded tubes and pipes, nickel alloy seamless tubes, carbon steel welded…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, fairly priced.
Ratnamani Met & Tub is scored on the commodity / cyclical framework. It keeps a healthy 11.6% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.75× reported profit. Free cash flow is worth about -1.2% of its market value.
Over the last 3 years revenue compounded at 1%/yr and profit at 1%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a modest 11.7%. In the latest quarter profit fell 8% versus the prior quarter.
At 36× earnings, the stock sits at the 48th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~16%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 33.31 | 21.11 | worse |
| P/B | 4.17 | 2.12 | worse |
| EV/EBITDA | 21 | 8.94 | worse |
| ROE | 11.74 | 18.05 | worse |
| ROCE | 16.49 | 11.11 | better |
| ROA | 8.89 | 3.13 | better |
| Quick Ratio | 2.45 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue is on a 2-year growth streak. 1% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Operating margins have been stable around 15% — no major structural shift.
ROE at 13% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 6pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (1% vs -2%) — share dilution is eroding per-share value. -2% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.8× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 12% QoQ — could be seasonality or a genuine slowdown. Run-rate fading — recent quarters 9% below earlier ones.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 59.8% — majority control intact.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.