RATNAMANI MET &TBS chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 671.74
Dividend & Yield14.00₹ (0.55%)
Beta 0.64
Market capitalization 117.65B
Operating cash flow -2.83B
ESG Scores unknown

Company description

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 tubes; 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 coating solutions comprising external three layer polyethylene/polypropylene coating and dual layer fusion bonded epoxy coating products; and internal coating solutions, such as food grade epoxy / polyurethane / coal tar epoxy / cement lining, and other prevalent coatings. Further, it is also involved in the generation of power by windmills. The company serves oil and gas, thermal power, chemical, fertilizer, sugar, paper, automobile, aeronautics, refinery, nuclear power, petrochemical, water distribution, food and dairy, pharmaceutical, defense, infrastructure, ship building, pumping station, and space industries. Ratnamani Metals & Tubes Limited was incorporated in 1983 and is based in Ahmedabad, India.

Sector: Basic Materials - Industry: Steel

Financial Ratios
Quick Ratio1.51
Working Capital0.23
Return On Equity0.14
Debt To Equity0.04
Fixed Asset Ratio0
Fixed Interest Cover19.41

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 1.09B -339M -220.77M 717.68M
Total Cashflows From Investing Activities -3.6B -3.57B -4.7B 4.18B
Net Borrowings -129.36M 1.78B -597.31M -516.61M
Total Cash From Financing Activities -562.74M 468.06M -787.85M -1.35B
Change To Operating Activities 793.99M 756.67M -786.75M 344.53M
Issuance Of Stock
Net Income 2.53B 3.08B 2.76B 3.23B
Change In Cash 1.37B -958.12M -31.38M 1.37M
Effect Of Exchange Rate -470k -10.2M 1.04M -904k
Total Cash From Operating Activities 5.54B 2.15B 5.46B -2.83B
Depreciation 622.46M 583.93M 567.31M 802.07M
Change To Account Receivables 923.31M 973.45M -308.7M -1.96B
Other Cashflows From Financing Activities -153.01M -333.55M -190.54M -174.58M
Change To Netincome -263.95M -207.73M 219.9M -213.98M
Capital Expenditures -1.67B -2.98B -1.3B -1.44B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 3.71B 4.06B 3.63B 4.31B
Net Income 2.53B 3.08B 2.76B 3.23B
Selling General Administrative 1.31B 1.48B 1.44B 1.59B
Gross Profit 8.41B 8.8B 8.15B 10.35B
Ebit 3.44B 3.68B 3.43B 4.15B
Operating Income 3.44B 3.68B 3.43B 4.15B
Interest Expense -94.49M -156.17M -201.7M -213.58M
Income Tax Expense 1.18B 988.23M 874.58M 1.08B
Total Revenue 27.55B 25.86B 22.98B 31.39B
Cost Of Revenue 19.14B 17.06B 14.83B 21.04B
Total Other Income ExpenseNet 264.31M 383.37M 205.07M 163.44M
Net Income From Continuing Ops 2.53B 3.08B 2.76B 3.23B
Net Income Applicable To Common Shares 2.53B 3.08B 2.76B 3.23B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 5.3B 8.35B 6.29B 7.14B
Total Stockholder Equity 15.23B 17.09B 19.88B 22.48B
Other Current Liabilities 1.13B 2.62B 1.7B 1.96B
Total Assets 20.53B 25.45B 26.17B 29.62B
Common Stock 93.46M 93.46M 93.46M 93.46M
Other Current Assets 201.91M 1.32B 233.29M 994.77M
Retained Earnings 14.86B 16.74B 19.51B
Treasury Stock 42.01M 30.36M 39.48M 22.39B
Cash 1.43B 467.81M 436.43M 437.8M
Total Current Liabilities 4.87B 6.18B 4.27B 5.66B
Other Stockholder Equity 42.01M 30.36M 39.48M 22.39B
Property, Plant, and Equipment 6.18B 8.71B 9.41B 9.8B
Total Current Assets 14.18B 16.41B 16.55B 19.65B
Net Tangible Assets 15.22B 17.08B 19.87B 22.47B
Net Receivables 4.62B 3.7B 4.03B 6.01B
Accounts Payable 2.92B 2.64B 2.42B 3.14B


Insider Transactions

Here are the insider transactions of stock shares related to RATNAMANI MET &TBS:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Mehta (Pravinchandra Maganlal)Sale at price 29.63 per share.D2021-09-29Director1.5k
Mehta (Pravinchandra Maganlal)Sale at price 29.92 per share.D2021-08-27Director500
Jhunjhunwala (Anil)Sale at price 26.09 per share.D2021-03-16UNREPORTED650
Kantilal (Shah Abhay)Sale at price 24.50 per share.D2021-02-22UNREPORTED900
Kantilal (Shah Abhay)Sale at price 23.17 per share.D2021-02-16UNREPORTED900
Kantilal (Shah Abhay)Sale at price 22.67 per share.D2021-02-08UNREPORTED913
Parekh (Neetu Jignesh)Sale at price 20.92 per share.D2020-11-27UNREPORTED700
Parekh (Lignesh Nalinbhai)Gift at price 22.90 per share.D2020-11-23UNREPORTED900
Sanghvi (Jayantilal Mishrimal)D2019-03-11Wholetime Director24.83k
Sanghvi (Sheetal Jayantilal)D2019-03-11Promoter24.83k
Sanghvi (Jayantilal Mishrimal)D2019-03-08Wholetime Director25.03k
Sanghvi (Sheetal Jayantilal)D2019-03-08Promoter25k
Doshi (Payal Rajendra)D2017-04-05Promoter11.09k
Doshi (Payal Rajendra)D2017-03-31UNREPORTED29.37k
Doshi (Payal Rajendra)D2017-03-24UNREPORTED44.67k
Sanghvi (Jayantilal Mishrimal)D2015-06-09Wholetime Director69.73k
Sanghvi (Shantilal Mishrimal)D2015-06-05Wholetime Director50k
Sanghvi (Vijay Chunilal)D2015-05-18UNREPORTED10k
Sanghvi (Jitendra Babulal)D2015-05-13Promoter10k
Sanghvi (Jayantilal Mishrimal)D2015-04-22Wholetime Director15k
Sanghvi (Jitendra Babulal)D2015-04-22Promoter15k
Sanghvi (Jitendra Babulal)D2015-04-07Promoter15k
Sanghvi (Jayantilal Mishrimal)D2015-03-25Wholetime Director30k
Sanghvi (Jitendra Babulal)D2015-03-25Promoter85k
Sanghvi (Mahendra C)D2015-03-25Promoter15k
Sanghvi (Shobhnadevi J)D2015-03-25Promoter15k
Sanghvi (Mahendra C)D2015-03-24Promoter15k
Sanghvi (Jayantilal Mishrimal)D2015-03-23Wholetime Director15k
Sanghvi (Mahendra C)D2015-03-23Promoter55k
Sanghvi (Shantilal Mishrimal)D2015-03-23Wholetime Director15k
Sanghvi (Jayantilal Mishrimal)D2015-03-18Wholetime Director65k
Sanghvi (Mahendra C)D2015-03-18Promoter65k
Sanghvi (Shantilal Mishrimal)D2015-03-18Wholetime Director15k
Sanghvi (Manoj Prakash)D2015-03-16Promoter31k
Sanghvi (Jayantilal Mishrimal)D2015-03-14Wholetime Director500k
Sanghvi (Jayantilal Mishrimal)D2015-03-13Wholetime Director600k
Sanghvi (Jitendra Babulal)D2015-03-12Promoter115k
Sanghvi (Jitendra Babulal)D2015-03-11Promoter35k
Sanghvi (Prakashmal M) HUFD2015-03-11UNREPORTED35k
Sanghvi (Jayantilal Mishrimal)D2015-02-03Wholetime Director20k
Sanghvi (Jitendra Babulal)D2015-02-03Promoter70k
Sanghvi (Mahendra C)D2014-12-10Promoter25k
Sanghvi (Jayantilal Mishrimal)D2014-10-01Wholetime Director376.83k
Sanghvi (Jitendra Babulal)D2014-10-01Promoter40k
Sanghvi (Reshmidevi Prakash)D2014-09-17Promoter25k
Sanghvi (Sheetal Nilesh)D2014-09-17Promoter25k
Sanghvi (Shantilal Mishrimal)D2014-08-20Wholetime Director24.99k
Sanghvi (Vimla Pavankumar)D2014-08-20Promoter24.99k
Sanghvi (Shantilal Mishrimal)D2014-08-19Wholetime Director45.01k
Sanghvi (Vimla Pavankumar)D2014-08-19Promoter45.01k
Sanghvi (Shantilal Mishrimal)D2014-08-14Wholetime Director80k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to RATNAMANI MET &TBS. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on RATNAMANI MET &TBS

Here is the result of two systematic investment strategies applied to RATNAMANI MET &TBS. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on RATNAMANI MET &TBS

The following chart shows the equity curve of the two systematic investment strategies applied to RATNAMANI MET &TBS:

RATNAMANI MET &TBS automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 88.53% on the backtest period.

Performance at glance

Performance

88.53 %

Latent gain

12146.05 ₹

Invested capital

13719.95 ₹

Annualized return

21.08 %
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Momentum strategy results on RATNAMANI MET &TBS

This is the result of two momentum investment strategies applied to RATNAMANI MET &TBS. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on RATNAMANI MET &TBS

The following chart shows all the entries opened by the momentum investment system on RATNAMANI MET &TBS:

RATNAMANI MET &TBS momentum entries
  • The first momentum investment strategy would give 164.08% of return on RATNAMANI MET &TBS. That represents 16071.35₹ of latent gain with 9794.65₹ of employed capital.
  • The second momentum investment strategy would give 134.14% of return on RATNAMANI MET &TBS. That represents 11855.15₹ of latent gain with 8837.65₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

164.08 %

Latent gain

16071.35 ₹

Invested capital

9794.65 ₹

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

134.14 %

Latent gain

11855.15 ₹

Invested capital

8837.65 ₹

Annualized return

36.06 %

Momentum equity curve on RATNAMANI MET &TBS

The following chart shows the equity curve of the two momentum strategies applied to RATNAMANI MET &TBS:

RATNAMANI MET &TBS momentum equity

Note: the dividends potentially given by RATNAMANI MET &TBS are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on RATNAMANI MET &TBS

The following chart shows the employed capital evolution of the two momentum strategies on RATNAMANI MET &TBS since the beginning:

RATNAMANI MET &TBS

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on RATNAMANI MET &TBS

Buy the dip entry openings on RATNAMANI MET &TBS

RATNAMANI MET &TBS

The performance achieved by the robo-advisor on RATNAMANI MET &TBS is 0%. That represents 0.0$ of latent gain with 0.0₹ of employed capital. The following chart shows RATNAMANI MET &TBS stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of RATNAMANI MET &TBS, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 ₹

Invested capital

0.0 ₹

Annualized return

0.0 %

Equity curve of the strategy applied to RATNAMANI MET &TBS

The following chart shows the result of the investment strategy applied to RATNAMANI MET &TBS:

RATNAMANI MET &TBS

Note: the dividends potentially given by RATNAMANI MET &TBS are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on RATNAMANI MET &TBS

The following chart shows the employed capital evolution since the beginning of the investment strategy on RATNAMANI MET &TBS:

RATNAMANI MET &TBS

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on RATNAMANI MET &TBS

In this section, I will compare the three previous investment strategies applied to RATNAMANI MET &TBS.

Equity curve comparison on RATNAMANI MET &TBS

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

RATNAMANI MET &TBS investment strategy comparison

Employed capital comparison on RATNAMANI MET &TBS

RATNAMANI MET &TBS investment comparison

Performance comparison on RATNAMANI MET &TBS

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 88.53% 12146.05₹ 13719.95₹ 21.08%
Momentum 1 quarter 164.08% 16071.35₹ 9794.65₹ 41.43%
Momentum 2 quarters 134.14% 11855.15₹ 8837.65₹ 36.06%
Non-directional 0% 0.0₹ 0.0₹ 0.0%
Annualized return comparison

Automatic investment

21.08 %

Momentum 1Q

36.06 %

Momentum 2Q

36.06 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with RATNAMANI MET &TBS:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between RATNAMANI MET &TBS and the other stocks. There may be false positives or some missing correlated stocks. If the price of RATNAMANI MET &TBS does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name RATNAMANI MET &TBS
Country India
City Ahmedabad
Address The First
Phone 91 79 2960 1200
Website www.ratnamani.com
FullTime employees
Industry Steel
Sector Basic Materials
Exchange XNSE
Ticker RATNAMANI.XNSE
Market

RATNAMANI MET &TBS ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown