Ratnamani Metals & Tubes Limited (RATNAMANI) - Net Assets

Latest as of September 2025: Rs39.31 Billion INR ≈ $425.14 Million USD

Based on the latest financial reports, Ratnamani Metals & Tubes Limited (RATNAMANI) has net assets worth Rs39.31 Billion INR (≈ $425.14 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs49.78 Billion ≈ $538.32 Million USD) and total liabilities (Rs10.47 Billion ≈ $113.18 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 financial resilience of Ratnamani Metals & Tubes Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Rs39.31 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. Also explore balance sheet size of Ratnamani Metals & Tubes Limited for the complete picture of this company's asset base.

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

Year Net Assets Change
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 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 Rs28.67 Billion 78.82%
Common Stock Rs140.18 Million 0.39%
Other Comprehensive Income Rs7.38 Billion 20.29%
Other Components Rs181.18 Million 0.50%
Total Equity Rs36.37 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
Innergex Renewable Energy Inc.
TO:INE
 $2.01 Billion
Citic Offshore Helicopter Co Ltd
SHE:000099
 $2.01 Billion
Yusys Technologies Co Ltd Class A
SHE:300674
 $2.01 Billion
NINGBO HENGSHUAI Co. LTD.
SHE:300969
 $2.01 Billion
Scientech Corp
TW:3583
 $2.00 Billion
Fujian Snowman Co Ltd
SHE:002639
 $2.00 Billion
Shenzhen Bluetrum Technology Co. Ltd. A
SHG:688332
 $2.00 Billion
Dunelm Group plc
F:DFQ
 $2.00 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 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 Rs5.44 Billion +14.96%
Dividends Paid Rs981.29 Million -2.7%
Share Repurchases Rs26.83 Million -0.07%
Share Issuances Rs26.83 Million +0.07%
Other Comprehensive Income Rs7.29 Billion +20.04%
Other Changes Rs-6.78 Billion -18.65%
Total Change Rs- 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: 5.12x
  • 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 352.31x to 5.12x 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 Rs2645.00 x
2006-03-31 Rs12.10 Rs2645.00 x
2007-03-31 Rs20.82 Rs2645.00 x
2008-03-31 Rs34.09 Rs2645.00 x
2009-03-31 Rs42.70 Rs2645.00 x
2010-03-31 Rs53.59 Rs2645.00 x
2011-03-31 Rs62.64 Rs2645.00 x
2012-03-31 Rs76.13 Rs2645.00 x
2013-03-31 Rs92.42 Rs2645.00 x
2014-03-31 Rs109.09 Rs2645.00 x
2015-03-31 Rs129.81 Rs2645.00 x
2016-03-31 Rs149.12 Rs2645.00 x
2017-03-31 Rs169.46 Rs2645.00 x
2018-03-31 Rs186.73 Rs2645.00 x
2019-03-31 Rs217.25 Rs2645.00 x
2020-03-31 Rs243.84 Rs2645.00 x
2021-03-31 Rs283.56 Rs2645.00 x
2022-03-31 Rs320.77 Rs2645.00 x
2023-03-31 Rs371.50 Rs2645.00 x
2024-03-31 Rs448.06 Rs2645.00 x
2025-03-31 Rs516.49 Rs2645.00 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): 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 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% 9.12% 1.20x 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% 12.01% 0.88x 1.32x Rs772.48 Million
2022 14.35% 10.28% 1.06x 1.32x Rs978.13 Million
2023 19.60% 11.41% 1.18x 1.45x Rs2.50 Billion
2024 19.83% 12.31% 1.26x 1.28x Rs3.09 Billion
2025 14.96% 10.49% 1.06x 1.35x Rs1.80 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: $56,981,137
  • Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ratnamani Metals & Tubes Limited (RATNAMANI) Rs39.31 Billion 26.15% 0.27x $2.00 Billion
Ankit Metal & Power Limited (ANKITMETAL) $4.99 Billion 10.25% 2.32x $2.44 Million
APL Apollo Tubes Limited (APLAPOLLO) $155.16 Million 43.49% 4.18x $5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE) $4.61 Billion 15.96% 1.74x $501.93 Million
Bedmutha Industries Limited (BEDMUTHA) $-1.62 Billion 0.00% 0.00x $38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE) $222.58 Million 9.47% 2.22x $164.68 Million
Electrotherm (India) Limited (ELECTHERM) $-10.96 Billion 0.00% 0.00x $111.23 Million
Grand Foundry Limited (GFSTEELS) $-32.83 Million 0.00% 0.00x $4.07 Million
Goodluck India Limited (GOODLUCK) $978.14 Million 20.56% 2.88x $451.00 Million
Godawari Power And Ispat limited (GPIL) $2.07 Billion 26.10% 1.64x $2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE) $152.16 Million -10.33% 2.30x $111.44 Million

About Ratnamani Metals & Tubes Limited

NSE:RATNAMANI India Steel
Market Cap
$2.00 Billion
Rs185.39 Billion INR
Market Cap Rank
#6256 Global
#273 in India
Share Price
Rs2645.00
Change (1 day)
-0.72%
52-Week Range
Rs1946.40 - Rs3006.70
All Time High
Rs3859.45
Categories
Companies in India Steel
About

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