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Ratnamani Metals & Tubes Limited is currently in a long term uptrend where the price is trading 19.3% above its 200 day moving average.
From a valuation standpoint, the stock is 99.8% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 4.2.
Ratnamani Metals & Tubes Limited's total revenue sank by 41.7% to $4B since the same quarter in the previous year.
Its net income has dropped by 40.5% to $602M since the same quarter in the previous year.
Finally, its free cash flow grew by 2922.9% to $4B since the same quarter in the previous year.
Based on the above factors, Ratnamani Metals & Tubes Limited gets an overall score of 3/5.
Exchange | NSE |
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CurrencyCode | INR |
Sector | Basic Materials |
Industry | Steel |
ISIN | INE703B01027 |
Market Cap | 188B |
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PE Ratio | 35.47 |
Target Price | 3500 |
Dividend Yield | 0.5% |
Beta | 0.34 |
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.
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