Ratnamani Metals & Tubes Limited

NSEI:RATNAMANI Stock Report

Mkt Cap: ₹166.3b

We’ve recently updated our valuation analysis.

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

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

RATNAMANI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.7x
Enterprise Value/EBITDA21.6x
PEG Ratio2.8x

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.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.9x
JSLHISAR Jindal Stainless (Hisar)
8.9x-15.4%₹132.3b
JSL Jindal Stainless
11.4x26.2%₹243.6b
526371 NMDC
5.5x5.7%₹310.1b
SAIL Steel Authority of India
9.7x43.8%₹341.2b
RATNAMANI Ratnamani Metals & Tubes
31.6x11.4%₹166.3b

Price-To-Earnings vs Peers: RATNAMANI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (8.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.9%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.9%
 n/an/an/a
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Price-To-Earnings vs Industry: RATNAMANI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the Indian Metals and Mining industry average (14.9x)

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 Ratio31.6x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: RATNAMANI is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (19x).

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 (₹2300.5) is trading above our estimate of fair value (₹399.87)

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

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₹2,300.50
₹2,637.67
+14.7%
11.1%₹2,860.00₹2,225.00n/a3
May ’24₹2,149.70
₹2,474.67
+15.1%
7.2%₹2,630.00₹2,225.00n/a3
Apr ’24₹1,981.85
₹2,474.67
+24.9%
7.2%₹2,630.00₹2,225.00n/a3
Mar ’24₹2,153.80
₹2,356.00
+9.4%
10.9%₹2,630.00₹2,000.00n/a4
Feb ’24₹2,256.00
₹2,179.25
-3.4%
4.8%₹2,260.00₹2,000.00n/a4
Jan ’24₹1,956.05
₹2,179.25
+11.4%
4.8%₹2,260.00₹2,000.00n/a4
Dec ’23₹1,940.25
₹2,179.25
+12.3%
4.8%₹2,260.00₹2,000.00n/a4
Nov ’23₹2,000.55
₹1,979.25
-1.1%
1.8%₹2,000.00₹1,917.00n/a4
Oct ’23₹1,888.65
₹1,979.25
+4.8%
1.8%₹2,000.00₹1,917.00n/a4
Sep ’23₹1,815.80
₹1,979.25
+9.0%
1.8%₹2,000.00₹1,917.00n/a4
Aug ’23₹1,768.35
₹1,970.92
+11.5%
1.7%₹2,000.00₹1,916.67n/a4
Jul ’23₹1,573.35
₹1,970.92
+25.3%
1.7%₹2,000.00₹1,916.67n/a4
Jun ’23₹1,742.80
₹1,941.67
+11.4%
1.3%₹1,966.67₹1,916.67n/a2
May ’23₹1,566.47
₹1,610.67
+2.8%
1.4%₹1,633.33₹1,588.00₹2,149.702
Apr ’23₹1,707.80
₹1,610.67
-5.7%
1.4%₹1,633.33₹1,588.00₹1,981.852
Mar ’23₹1,490.80
₹1,610.67
+8.0%
1.4%₹1,633.33₹1,588.00₹2,153.802
Feb ’23₹1,306.13
₹1,603.33
+22.8%
1.9%₹1,633.33₹1,573.33₹2,256.002
Jan ’23₹1,296.30
₹1,603.33
+23.7%
1.9%₹1,633.33₹1,573.33₹1,956.052
Dec ’22₹1,459.13
₹1,603.33
+9.9%
1.9%₹1,633.33₹1,573.33₹1,940.252
Nov ’22₹1,413.37
₹1,586.67
+12.3%
0.8%₹1,600.00₹1,573.33₹2,000.552
Oct ’22₹1,453.60
₹1,586.67
+9.2%
0.8%₹1,600.00₹1,573.33₹1,888.652
Sep ’22₹1,437.07
₹1,586.67
+10.4%
0.8%₹1,600.00₹1,573.33₹1,815.802
Aug ’22₹1,430.93
₹1,558.33
+8.9%
2.7%₹1,600.00₹1,516.67₹1,768.352
Jul ’22₹1,374.50
₹1,558.33
+13.4%
2.7%₹1,600.00₹1,516.67₹1,573.352
Jun ’22₹1,277.17
₹1,122.67
-12.1%
12.4%₹1,262.00₹983.33₹1,742.802
May ’22₹1,289.33
₹1,122.67
-12.9%
12.4%₹1,262.00₹983.33₹1,566.472

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

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