Ratnamani Metals & Tubes Limited Net Assets
Ratnamani Metals & Tubes Limited net assets. Based on the latest financial reports, Ratnamani Metals & Tubes Limited (RATNAMANI) has net assets worth Rs42.08 Billion INR (≈ $455.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs53.88 Billion ≈ $582.65 Million USD) and total liabilities (Rs11.80 Billion ≈ $127.60 Million USD). 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. Also explore Ratnamani Metals & Tubes Limited annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs42.08 Billion |
| % of Total Assets | 78.1% |
| Annual Growth Rate | 23.42% |
| 5-Year Change | 87.15% |
| 10-Year Change | 254.25% |
| Growth Volatility | 17.38 |
Net Assets of Ratnamani Metals & Tubes Limited (2005–2026)
Net assets of Ratnamani Metals & Tubes Limited from 2005 to 2026. This chart illustrates how Ratnamani Metals & Tubes Limited's net assets have evolved over time, based on quarterly financial data. See how leveraged is Ratnamani Metals & Tubes Limited's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Ratnamani Metals & Tubes Limited (2005–2026)
The table below shows the annual net assets of Ratnamani Metals & Tubes Limited from 2005 to 2026. For live market cap and overall valuation, see how much is Ratnamani Metals & Tubes Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs42.08 Billion ≈ $455.05 Million |
+14.82% |
| 2025-03-31 | Rs36.65 Billion ≈ $396.32 Million |
+13.94% |
| 2024-03-31 | Rs32.16 Billion ≈ $347.82 Million |
+20.19% |
| 2023-03-31 | Rs26.76 Billion ≈ $289.40 Million |
+19.02% |
| 2022-03-31 | Rs22.48 Billion ≈ $243.15 Million |
+13.12% |
| 2021-03-31 | Rs19.88 Billion ≈ $214.95 Million |
+16.29% |
| 2020-03-31 | Rs17.09 Billion ≈ $184.84 Million |
+12.24% |
| 2019-03-31 | Rs15.23 Billion ≈ $164.68 Million |
+16.34% |
| 2018-03-31 | Rs13.09 Billion ≈ $141.55 Million |
+10.19% |
| 2017-03-31 | Rs11.88 Billion ≈ $128.45 Million |
+13.64% |
| 2016-03-31 | Rs10.45 Billion ≈ $113.04 Million |
+14.94% |
| 2015-03-31 | Rs9.09 Billion ≈ $98.34 Million |
+18.63% |
| 2014-03-31 | Rs7.67 Billion ≈ $82.90 Million |
+18.53% |
| 2013-03-31 | Rs6.47 Billion ≈ $69.94 Million |
+21.45% |
| 2012-03-31 | Rs5.32 Billion ≈ $57.59 Million |
+21.85% |
| 2011-03-31 | Rs4.37 Billion ≈ $47.26 Million |
+19.81% |
| 2010-03-31 | Rs3.65 Billion ≈ $39.44 Million |
+26.55% |
| 2009-03-31 | Rs2.88 Billion ≈ $31.17 Million |
+25.24% |
| 2008-03-31 | Rs2.30 Billion ≈ $24.89 Million |
+63.71% |
| 2007-03-31 | Rs1.41 Billion ≈ $15.20 Million |
+72.15% |
| 2006-03-31 | Rs816.53 Million ≈ $8.83 Million |
+61.13% |
| 2005-03-31 | Rs506.76 Million ≈ $5.48 Million |
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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 3305166600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Ratnamani Metals & Tubes Limited Net Assets Breakdown (March 2026)
Ratnamani Metals & Tubes Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs33.05 Billion | 80.41% |
| Common Stock | Rs140.18 Million | 0.34% |
| Other Comprehensive Income | Rs40.97 Billion | 99.66% |
| Total Equity | Rs41.11 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 |
|---|---|
|
Cloetta AB (publ)
ST:CLA-B
|
$1.81 Billion |
|
Polibeli Group Ltd Class A Ordinary Shares
NASDAQ:PLBL
|
$1.81 Billion |
|
Shandong Pharmaceutical Glass Co Ltd
SHG:600529
|
$1.81 Billion |
|
Beijing Teamsun Technology Co Ltd
SHG:600410
|
$1.81 Billion |
|
Emami Limited
NSE:EMAMILTD
|
$1.80 Billion |
|
Mercuries Life Insurance Co Ltd
TW:2867
|
$1.80 Billion |
|
Outokumpu Oyj
HE:OUT1V
|
$1.80 Billion |
|
Happy Forgings Limited
NSE:HAPPYFORGE
|
$1.80 Billion |
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 2025 to 2026, total equity changed from 36,370,393,000 to 41,106,253,000, a change of 4,735,860,000 (13.0%).
- Net income of 4,825,537,000 contributed positively to equity growth.
- Dividend payments of 981,288,000 reduced retained earnings.
- Other comprehensive income increased equity by 33,585,159,999.
- Other factors decreased equity by 32,693,548,999.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs4.83 Billion | +11.74% |
| Dividends Paid | Rs981.29 Million | -2.39% |
| Other Comprehensive Income | Rs33.59 Billion | +81.7% |
| Other Changes | Rs-32.69 Billion | -79.53% |
| Total Change | Rs- | 13.02% |
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: 4.06x
- 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 317.01x to 4.06x 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 | Rs7.51 | Rs2380.00 | x |
| 2006-03-31 | Rs12.10 | Rs2380.00 | x |
| 2007-03-31 | Rs20.82 | Rs2380.00 | x |
| 2008-03-31 | Rs34.09 | Rs2380.00 | x |
| 2009-03-31 | Rs42.70 | Rs2380.00 | x |
| 2010-03-31 | Rs53.59 | Rs2380.00 | x |
| 2011-03-31 | Rs62.64 | Rs2380.00 | x |
| 2012-03-31 | Rs76.13 | Rs2380.00 | x |
| 2013-03-31 | Rs92.42 | Rs2380.00 | x |
| 2014-03-31 | Rs109.09 | Rs2380.00 | x |
| 2015-03-31 | Rs129.81 | Rs2380.00 | x |
| 2016-03-31 | Rs149.12 | Rs2380.00 | x |
| 2017-03-31 | Rs169.46 | Rs2380.00 | x |
| 2018-03-31 | Rs186.73 | Rs2380.00 | x |
| 2019-03-31 | Rs217.25 | Rs2380.00 | x |
| 2020-03-31 | Rs243.84 | Rs2380.00 | x |
| 2021-03-31 | Rs283.56 | Rs2380.00 | x |
| 2022-03-31 | Rs320.77 | Rs2380.00 | x |
| 2023-03-31 | Rs371.50 | Rs2380.00 | x |
| 2024-03-31 | Rs448.06 | Rs2380.00 | x |
| 2025-03-31 | Rs516.49 | Rs2380.00 | x |
| 2026-03-31 | Rs586.16 | Rs2380.00 | 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): 11.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.74%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.31x
- Recent ROE (11.74%) is below the historical average (20.19%), 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 | Rs81.84 Million |
| 2006 | 41.08% | 10.61% | 1.16x | 3.35x | Rs253.77 Million |
| 2007 | 23.86% | 10.61% | 0.61x | 3.67x | Rs194.86 Million |
| 2008 | 39.12% | 10.80% | 1.39x | 2.60x | Rs670.12 Million |
| 2009 | 24.71% | 7.58% | 1.31x | 2.48x | Rs423.83 Million |
| 2010 | 22.33% | 9.73% | 0.98x | 2.34x | Rs449.55 Million |
| 2011 | 18.79% | 10.09% | 0.82x | 2.28x | Rs384.15 Million |
| 2012 | 20.93% | 9.34% | 1.18x | 1.90x | Rs581.93 Million |
| 2013 | 21.02% | 11.78% | 1.12x | 1.59x | Rs712.79 Million |
| 2014 | 18.63% | 11.21% | 1.11x | 1.50x | Rs661.55 Million |
| 2015 | 19.07% | 10.69% | 1.32x | 1.35x | Rs825.17 Million |
| 2016 | 15.81% | 9.62% | 1.30x | 1.26x | Rs607.73 Million |
| 2017 | 12.13% | 10.20% | 1.00x | 1.19x | Rs252.81 Million |
| 2018 | 11.60% | 8.59% | 1.01x | 1.33x | Rs208.85 Million |
| 2019 | 16.61% | 9.18% | 1.34x | 1.35x | Rs1.01 Billion |
| 2020 | 17.99% | 11.89% | 1.02x | 1.49x | Rs1.37 Billion |
| 2021 | 13.89% | 12.06% | 0.87x | 1.32x | Rs772.48 Million |
| 2022 | 14.35% | 10.33% | 1.05x | 1.32x | Rs978.13 Million |
| 2023 | 19.60% | 11.44% | 1.18x | 1.45x | Rs2.50 Billion |
| 2024 | 19.83% | 12.39% | 1.25x | 1.28x | Rs3.09 Billion |
| 2025 | 14.96% | 10.57% | 1.05x | 1.35x | Rs1.80 Billion |
| 2026 | 11.74% | 10.74% | 0.83x | 1.31x | Rs714.91 Million |
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: $1,040,938,729
- Average return on equity (ROE) among peers: 0.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ratnamani Metals & Tubes Limited (RATNAMANI) | Rs42.08 Billion | 26.15% | 0.28x | $1.80 Billion |
| Ankit Metal & Power Limited (ANKITMETAL) | $-7.34 Billion | 0.00% | 0.00x | $3.13 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $18.33 Billion | 19.65% | 0.85x | $6.46 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $2.23 Billion | 25.69% | 2.12x | $101.62 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $669.63 Million | -78.16% | 9.03x | $37.49 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $1.40 Billion | 1.17% | 3.29x | $117.24 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.82 Billion | 0.00% | 0.00x | $81.89 Million |
| Grand Foundry Limited (GFSTEELS) | $-56.35 Million | 0.00% | 0.00x | $12.74 Million |
| Goodluck India Limited (GOODLUCK) | $786.55 Million | 20.98% | 2.40x | $184.94 Million |
| Godawari Power And Ispat limited (GPIL) | $5.08 Billion | 11.02% | 1.22x | $1.35 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $133.09 Million | 4.92% | 1.35x | $109.68 Million |
About Ratnamani Metals & Tubes Limited
Ratnamani Metals & Tubes Limited engages in the manufacturing of stainless-steel pipes, tubes, and carbon steel pipes in India and internationally. The company offers stainless steel products, such as heat exchanger tubes, instrumentation seamless tubes, and stainless-steel pipes; nickel alloy seamless heat exchanger tubes; titanium welded tubes; carbon steel products, including ERW pipes and SAW… Read more