Ratnamani Metals & Tubes Limited
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 include seamless heat exchanger tubes, boiler tubes, instrumentation tubes, seamless pipes, heater pipes, seamless integral low-finned tubes, hollow bars, and coil tubes; and welded tubes and pipes, such as titanium we… Read more
Ratnamani Metals & Tubes Limited (RATNAMANI) - Net Assets
Latest net assets as of September 2025: ₹39.31 Billion INR
Based on the latest financial reports, Ratnamani Metals & Tubes Limited (RATNAMANI) has net assets worth ₹39.31 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹49.78 Billion) and total liabilities (₹10.47 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹39.31 Billion |
| % of Total Assets | 78.97% |
| Annual Growth Rate | 23.87% |
| 5-Year Change | 84.38% |
| 10-Year Change | 250.61% |
| Growth Volatility | 17.67 |
Ratnamani Metals & Tubes Limited - Net Assets Trend (2005–2025)
This chart illustrates how Ratnamani Metals & Tubes Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ratnamani Metals & Tubes Limited (2005–2025)
The table below shows the annual net assets of Ratnamani Metals & Tubes Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹36.65 Billion | +13.94% |
| 2024-03-31 | ₹32.16 Billion | +20.19% |
| 2023-03-31 | ₹26.76 Billion | +19.02% |
| 2022-03-31 | ₹22.48 Billion | +13.12% |
| 2021-03-31 | ₹19.88 Billion | +16.29% |
| 2020-03-31 | ₹17.09 Billion | +12.24% |
| 2019-03-31 | ₹15.23 Billion | +16.34% |
| 2018-03-31 | ₹13.09 Billion | +10.19% |
| 2017-03-31 | ₹11.88 Billion | +13.64% |
| 2016-03-31 | ₹10.45 Billion | +14.94% |
| 2015-03-31 | ₹9.09 Billion | +18.63% |
| 2014-03-31 | ₹7.67 Billion | +18.53% |
| 2013-03-31 | ₹6.47 Billion | +21.45% |
| 2012-03-31 | ₹5.32 Billion | +21.85% |
| 2011-03-31 | ₹4.37 Billion | +19.81% |
| 2010-03-31 | ₹3.65 Billion | +26.55% |
| 2009-03-31 | ₹2.88 Billion | +25.24% |
| 2008-03-31 | ₹2.30 Billion | +63.71% |
| 2007-03-31 | ₹1.41 Billion | +72.15% |
| 2006-03-31 | ₹816.53 Million | +61.13% |
| 2005-03-31 | ₹506.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ratnamani Metals & Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2866812200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹28.67 Billion | 78.82% |
| Common Stock | ₹140.18 Million | 0.39% |
| Other Comprehensive Income | ₹7.38 Billion | 20.29% |
| Other Components | ₹181.18 Million | 0.50% |
| Total Equity | ₹36.37 Billion | 100.00% |
Ratnamani Metals & Tubes Limited Competitors by Market Cap
The table below lists competitors of Ratnamani Metals & Tubes Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chenming Mold Industrial Corp
TW:3013
|
$398.20 Million |
|
Anhui Xinhua Media Co Ltd
SHG:601801
|
$398.22 Million |
|
Shanghai Ziyan Foods Co Ltd
SHG:603057
|
$398.25 Million |
|
Dingli Communications Corp Ltd
SHE:300050
|
$398.41 Million |
|
New Huadu Supercenter Co Ltd
SHE:002264
|
$398.10 Million |
|
Better Collective
ST:BETCO
|
$398.10 Million |
|
Suzhou Shihua New Material Technology Co Ltd
SHG:688093
|
$397.91 Million |
|
Ripley Corp
SN:RIPLEY
|
$397.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ratnamani Metals & Tubes Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,405,279,000 to 36,370,393,000, a change of 4,965,114,000 (15.8%).
- Net income of 5,439,775,000 contributed positively to equity growth.
- Dividend payments of 981,288,000 reduced retained earnings.
- Share repurchases of 26,827,000 reduced equity.
- New share issuances of 26,827,000 increased equity.
- Other comprehensive income increased equity by 7,289,028,000.
- Other factors decreased equity by 6,782,401,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹5.44 Billion | +14.96% |
| Dividends Paid | ₹981.29 Million | -2.7% |
| Share Repurchases | ₹26.83 Million | -0.07% |
| Share Issuances | ₹26.83 Million | +0.07% |
| Other Comprehensive Income | ₹7.29 Billion | +20.04% |
| Other Changes | ₹-6.78 Billion | -18.65% |
| Total Change | ₹- | 15.81% |
Book Value vs Market Value Analysis
This analysis compares Ratnamani Metals & Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 319.88x to 4.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹7.51 | ₹2401.50 | x |
| 2006-03-31 | ₹12.10 | ₹2401.50 | x |
| 2007-03-31 | ₹20.82 | ₹2401.50 | x |
| 2008-03-31 | ₹34.09 | ₹2401.50 | x |
| 2009-03-31 | ₹42.70 | ₹2401.50 | x |
| 2010-03-31 | ₹53.59 | ₹2401.50 | x |
| 2011-03-31 | ₹62.64 | ₹2401.50 | x |
| 2012-03-31 | ₹76.13 | ₹2401.50 | x |
| 2013-03-31 | ₹92.42 | ₹2401.50 | x |
| 2014-03-31 | ₹109.09 | ₹2401.50 | x |
| 2015-03-31 | ₹129.81 | ₹2401.50 | x |
| 2016-03-31 | ₹149.12 | ₹2401.50 | x |
| 2017-03-31 | ₹169.46 | ₹2401.50 | x |
| 2018-03-31 | ₹186.73 | ₹2401.50 | x |
| 2019-03-31 | ₹217.25 | ₹2401.50 | x |
| 2020-03-31 | ₹243.84 | ₹2401.50 | x |
| 2021-03-31 | ₹283.56 | ₹2401.50 | x |
| 2022-03-31 | ₹320.77 | ₹2401.50 | x |
| 2023-03-31 | ₹371.50 | ₹2401.50 | x |
| 2024-03-31 | ₹448.06 | ₹2401.50 | x |
| 2025-03-31 | ₹516.49 | ₹2401.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ratnamani Metals & Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.49%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.35x
- Recent ROE (14.96%) is below the historical average (20.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 26.15% | 7.42% | 1.07x | 3.29x | ₹81.84 Million |
| 2006 | 41.08% | 10.61% | 1.16x | 3.35x | ₹253.77 Million |
| 2007 | 23.86% | 10.61% | 0.61x | 3.67x | ₹194.86 Million |
| 2008 | 39.12% | 10.80% | 1.39x | 2.60x | ₹670.12 Million |
| 2009 | 24.71% | 7.58% | 1.31x | 2.48x | ₹423.83 Million |
| 2010 | 22.33% | 9.73% | 0.98x | 2.34x | ₹449.55 Million |
| 2011 | 18.79% | 10.09% | 0.82x | 2.28x | ₹384.15 Million |
| 2012 | 20.93% | 9.12% | 1.20x | 1.90x | ₹581.93 Million |
| 2013 | 21.02% | 11.78% | 1.12x | 1.59x | ₹712.79 Million |
| 2014 | 18.63% | 11.21% | 1.11x | 1.50x | ₹661.55 Million |
| 2015 | 19.07% | 10.69% | 1.32x | 1.35x | ₹825.17 Million |
| 2016 | 15.81% | 9.62% | 1.30x | 1.26x | ₹607.73 Million |
| 2017 | 12.13% | 10.20% | 1.00x | 1.19x | ₹252.81 Million |
| 2018 | 11.60% | 8.59% | 1.01x | 1.33x | ₹208.85 Million |
| 2019 | 16.61% | 9.18% | 1.34x | 1.35x | ₹1.01 Billion |
| 2020 | 17.99% | 11.89% | 1.02x | 1.49x | ₹1.37 Billion |
| 2021 | 13.89% | 12.01% | 0.88x | 1.32x | ₹772.48 Million |
| 2022 | 14.35% | 10.28% | 1.06x | 1.32x | ₹978.13 Million |
| 2023 | 19.60% | 11.41% | 1.18x | 1.45x | ₹2.50 Billion |
| 2024 | 19.83% | 12.31% | 1.26x | 1.28x | ₹3.09 Billion |
| 2025 | 14.96% | 10.49% | 1.06x | 1.35x | ₹1.80 Billion |
Industry Comparison
This section compares Ratnamani Metals & Tubes Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,231,234,800
- Average return on equity (ROE) among peers: 14.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ratnamani Metals & Tubes Limited (RATNAMANI) | ₹39.31 Billion | 26.15% | 0.27x | $398.12 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $4.99 Billion | 10.25% | 2.32x | $741.37K |
| APL Apollo Tubes Limited (APLAPOLLO) | $3.68 Billion | 18.67% | 1.71x | $4.13 Billion |
| Ashoka Metcast Limited (ASHOKAMET) | $130.00K | 82.31% | 812.99x | $1.77 Million |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $87.42 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $1.32 Billion | 0.82% | 2.32x | $7.76 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $4.35 Billion | -3.86% | 0.72x | $65.42 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.93 Billion | 0.00% | 0.00x | $30.34 Million |
| Gallantt Ispat Limited (GALLANTT) | $2.82 Billion | 12.06% | 0.51x | $332.04 Million |
| Grand Foundry Limited (GFSTEELS) | $-34.32 Million | 0.00% | 0.00x | $1.30 Million |
| Goodluck India Limited (GOODLUCK) | $11.51 Billion | 11.49% | 0.77x | $164.92 Million |