Ratnamani Metals & Tubes Ltd
Ratnamani Metals & Tubes Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #99 of 100 in Industrial Products
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What the Q4 FY26 call signalled
1 of 4 strong
The short version
Stand-alone business expected to grow over 25% in FY27 due to restored capacity and stable demand (Page 19). Stand-alone business expected to grow over 25% in FY '27 due to restored operational capacity and stable demand (Page 19).
From Ratnamani Metals & Tubes Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Stand-alone business expected to grow over 25% in FY27 due to restored capacity and stable demand (Page 19).
- Spool business projected to grow 20-25% in the current year with margins stabilizing at 20-25% (Page 14).
- Ravi Technoforge expects 10-15% growth in FY27 with new capacity targeting new customer segments like auto parts (Page 14).
- Stainless-steel volume growth anticipated, with 5-10% price realization increase (Page 10).
- Power segment demand for stainless-steel tubes expected to remain strong over next 5 years, driven by 80 GW thermal and renewable capacity addition (Pages 8-9).
- Total bidding pipeline currently $400-500 million; actual order wins yet uncertain (Page 17).
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Profitability & Margins
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Capital Expenditure Plans
- Stand-alone capex for FY '27 and '28 is primarily for Saudi cold-finished project along with routine capex estimated between INR150 crores to INR200 crores. (Page 14)
- Stainless-steel division undergoing debottlenecking capex and instrumentation tube capacity expansion; new tube mill planning for welded products as part of routine capex. (Page 5)
- New capacity installation at Ravi Technoforge to target new customer segments including auto parts, supporting 10%-15% growth guidance next year. (Page 14)
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Total bidding pipeline is around $400 million to $500 million, with actual wins to be determined over time. (Page 16)
- Stand-alone business order book as of May 1: INR 2,162 crores
- Stainless steel: INR 531 crores
- Carbon steel: INR 1,631 crores
- Export component: INR 697 crores (Page 8)
- Spooling business outstanding order book is close to INR 550 crores, with INR 480-500 crores expected to be converted to revenue within the year. (Pages 14-15)
2 more points from Ratnamani Metals & Tubes Ltd's call on order book
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Ratnamani Metals & Tubes Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹116 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ratnamani Metals & Tubes Ltd's management said in earlier quarters
Others in Industrial Products this season
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For H2 FY26, revenue from operations was ₹103 Cr; for H1 FY26, ₹118.8 Cr, totaling ₹221.8 Cr for FY26. Key investor presentation takeaways from Aeron Composites
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Ratnamani Metals & Tubes Ltd Q4 FY26 results?
Stand-alone business expected to grow over 25% in FY27 due to restored capacity and stable demand (Page 19). Stand-alone business expected to grow over 25% in FY '27 due to restored operational capacity and stable demand (Page 19).
What is Ratnamani Metals & Tubes Ltd share price analysis?
Ratnamani Metals & Tubes Ltd currently shows a below-average growth signal. The stock trades at a P/E of 34.1 with a market cap of ₹16,692 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ratnamani Metals & Tubes Ltd planning capital expenditure?
Stand-alone capex for FY '27 and '28 is primarily for Saudi cold-finished project along with routine capex estimated between INR150 crores to INR200 crores.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.