Ratnamani Metals & Tubes Limited

NSEI:RATNAMANI Stock Report

Market Cap: ₹232.5b

Ratnamani Metals & Tubes Valuation

Is RATNAMANI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RATNAMANI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RATNAMANI (₹3317.35) is trading above our estimate of fair value (₹174.92)

Significantly Below Fair Value: RATNAMANI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RATNAMANI?

Key metric: As RATNAMANI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RATNAMANI. This is calculated by dividing RATNAMANI's market cap by their current earnings.
What is RATNAMANI's PE Ratio?
PE Ratio43.8x
Earnings₹5.31b
Market Cap₹232.53b

Price to Earnings Ratio vs Peers

How does RATNAMANI's PE Ratio compare to its peers?

The above table shows the PE ratio for RATNAMANI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.3x
JINDALSAW Jindal Saw
9.9x6.8%₹196.6b
SHYAMMETL Shyam Metalics and Energy
27x38.1%₹226.0b
RKFORGE Ramkrishna Forgings
44.7x16.3%₹166.7b
JAIBALAJI Jai Balaji Industries
19.8x20.0%₹171.9b
RATNAMANI Ratnamani Metals & Tubes
43.8x20.5%₹232.5b

Price-To-Earnings vs Peers: RATNAMANI is expensive based on its Price-To-Earnings Ratio (43.8x) compared to the peer average (25.3x).

Price to Earnings Ratio vs Industry

How does RATNAMANI's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
522165 Indsil Hydro Power and Manganese
1.7xn/aUS$16.86m
531144 El Forge
1.1xn/aUS$9.64m
531539 Rishabh Digha Steel And Allied Products
1.9xn/aUS$2.71m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
RATNAMANI 43.8xIndustry Avg. 26.7xNo. of Companies30PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RATNAMANI is expensive based on its Price-To-Earnings Ratio (43.8x) compared to the Indian Metals and Mining industry average (26.7x).

Price to Earnings Ratio vs Fair Ratio

What is RATNAMANI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RATNAMANI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.8x
Fair PE Ratio32.3x

Price-To-Earnings vs Fair Ratio: RATNAMANI is expensive based on its Price-To-Earnings Ratio (43.8x) compared to the estimated Fair Price-To-Earnings Ratio (32.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RATNAMANI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,317.35
₹3,925.20
+18.3%
5.6%₹4,272.00₹3,582.00n/a5
Dec ’25₹3,433.00
₹3,925.20
+14.3%
5.6%₹4,272.00₹3,582.00n/a5
Nov ’25₹3,669.35
₹3,918.40
+6.8%
2.7%₹4,058.00₹3,811.00n/a5
Oct ’25₹3,682.20
₹3,974.00
+7.9%
2.8%₹4,089.00₹3,832.00n/a5
Sep ’25₹3,688.25
₹3,974.00
+7.7%
2.8%₹4,089.00₹3,832.00n/a5
Aug ’25₹3,629.20
₹3,947.50
+8.8%
2.5%₹4,059.00₹3,811.00n/a4
Jul ’25₹3,657.85
₹3,858.00
+5.5%
5.2%₹4,059.00₹3,500.00n/a5
Jun ’25₹3,404.10
₹3,858.00
+13.3%
5.2%₹4,059.00₹3,500.00n/a5
May ’25₹3,159.65
₹3,669.20
+16.1%
5.3%₹3,890.00₹3,379.00n/a5
Apr ’25₹2,813.30
₹3,689.20
+31.1%
6.0%₹3,990.00₹3,379.00n/a5
Mar ’25₹3,133.65
₹3,689.20
+17.7%
6.0%₹3,990.00₹3,379.00n/a5
Feb ’25₹3,350.65
₹3,545.80
+5.8%
7.1%₹3,950.00₹3,220.00n/a5
Jan ’25₹3,322.50
₹3,545.80
+6.7%
7.1%₹3,950.00₹3,220.00n/a5
Dec ’24₹3,822.90
₹3,305.80
-13.5%
9.6%₹3,680.00₹2,750.00₹3,433.005
Nov ’24₹2,775.50
₹2,857.00
+2.9%
2.6%₹2,950.00₹2,750.00₹3,669.354
Oct ’24₹2,600.75
₹2,787.00
+7.2%
3.1%₹2,900.00₹2,670.00₹3,682.204
Sep ’24₹2,593.70
₹2,787.00
+7.5%
3.1%₹2,900.00₹2,670.00₹3,688.254
Aug ’24₹2,650.35
₹2,777.00
+4.8%
2.7%₹2,860.00₹2,670.00₹3,629.204
Jul ’24₹2,272.20
₹2,812.67
+23.8%
1.6%₹2,860.00₹2,750.00₹3,657.853
Jun ’24₹2,299.65
₹2,812.67
+22.3%
1.6%₹2,860.00₹2,750.00₹3,404.103
May ’24₹2,149.70
₹2,566.33
+19.4%
2.1%₹2,630.00₹2,500.00₹3,159.653
Apr ’24₹1,981.85
₹2,566.33
+29.5%
2.1%₹2,630.00₹2,500.00₹2,813.303
Mar ’24₹2,153.80
₹2,424.75
+12.6%
10.3%₹2,630.00₹2,000.00₹3,133.654
Feb ’24₹2,256.00
₹2,179.25
-3.4%
4.8%₹2,260.00₹2,000.00₹3,350.654
Jan ’24₹1,956.05
₹2,179.25
+11.4%
4.8%₹2,260.00₹2,000.00₹3,322.504
Dec ’23₹1,940.25
₹2,179.25
+12.3%
4.8%₹2,260.00₹2,000.00₹3,822.904

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 07:07
End of Day Share Price 2024/12/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ratnamani Metals & Tubes Limited is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sailesh RajaBatlivala & Karani Securities India Pvt. Ltd.
Abhisar JainCentrum Broking Limited
Rijul GandhiCentrum Broking (Non-Insti) Clients