Ratnamani Metals & Tubes Limited (RATNAMANI) - Net Assets

Latest as of March 2026: Rs42.08 Billion INR ≈ $455.05 Million USD

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. Check Ratnamani Metals & Tubes Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

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

Ratnamani Metals & Tubes Limited - Net Assets Trend (2005–2026)

This chart illustrates how Ratnamani Metals & Tubes Limited's net assets have evolved over time, based on quarterly financial data. See RATNAMANI days of operational coverage to measure how many days the company can operate on defensive assets alone.

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 valuation and market cap data, see Ratnamani Metals & Tubes Limited stock valuation.

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	--

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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs140.18 Million	0.34%
Other Components	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
Zibo Qixiang Tengda Chemical Co Ltd SHE:002408	$2.10 Billion
KEYMED BIOSCIENCES -0001 F:64Z	$2.10 Billion
Dongjin Semichem Co. Ltd KQ:005290	$2.10 Billion
Jenoptik AG F:JEN	$2.10 Billion
Also Holding AG SW:ALSN	$2.10 Billion
Chambal Fertilizers & Chemicals Limited NSE:CHAMBLFERT	$2.10 Billion
Sichuan Jinlu Group Co Ltd SHE:000510	$2.10 Billion
ODFJELL DRILL.LTD. DL-01 F:OD3	$2.10 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 decreased equity by 7,380,909,000.
Other factors increased equity by 8,272,520,000.

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	Rs-7.38 Billion	-17.96%
Other Changes	Rs8.27 Billion	+20.12%
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: 4.73x
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 369.08x to 4.73x 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	Rs2770.90	x
2006-03-31	Rs12.10	Rs2770.90	x
2007-03-31	Rs20.82	Rs2770.90	x
2008-03-31	Rs34.09	Rs2770.90	x
2009-03-31	Rs42.70	Rs2770.90	x
2010-03-31	Rs53.59	Rs2770.90	x
2011-03-31	Rs62.64	Rs2770.90	x
2012-03-31	Rs76.13	Rs2770.90	x
2013-03-31	Rs92.42	Rs2770.90	x
2014-03-31	Rs109.09	Rs2770.90	x
2015-03-31	Rs129.81	Rs2770.90	x
2016-03-31	Rs149.12	Rs2770.90	x
2017-03-31	Rs169.46	Rs2770.90	x
2018-03-31	Rs186.73	Rs2770.90	x
2019-03-31	Rs217.25	Rs2770.90	x
2020-03-31	Rs243.84	Rs2770.90	x
2021-03-31	Rs283.56	Rs2770.90	x
2022-03-31	Rs320.77	Rs2770.90	x
2023-03-31	Rs371.50	Rs2770.90	x
2024-03-31	Rs448.06	Rs2770.90	x
2025-03-31	Rs516.49	Rs2770.90	x
2026-03-31	Rs586.16	Rs2770.90	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: $4,823,319,288
Average return on equity (ROE) among peers: 9.91%

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	$2.10 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.35 Million
APL Apollo Tubes Limited (APLAPOLLO)	$679.84 Million	23.62%	1.65x	$5.62 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$14.31 Billion	11.25%	0.76x	$519.36 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.28 Billion	-0.96%	1.05x	$38.75 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$1.43 Billion	0.17%	4.14x	$159.24 Million
Electrotherm (India) Limited (ELECTHERM)	$-1.59 Billion	0.00%	0.00x	$147.97 Million
Grand Foundry Limited (GFSTEELS)	$-54.53 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$1.46 Billion	12.13%	2.60x	$511.66 Million
Godawari Power And Ispat limited (GPIL)	$21.08 Billion	30.44%	0.65x	$1.89 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$4.64 Billion	12.24%	0.90x	$139.05 Million

About Ratnamani Metals & Tubes Limited

NSE:RATNAMANI India Steel

Market Cap

$2.10 Billion

Rs194.22 Billion INR

Market Cap Rank

#6139 Global

#271 in India

Share Price

Rs2770.90

Change (1 day)

+5.52%

52-Week Range

Rs1946.40 - Rs3046.20

All Time High

Rs3859.45