Ratnamani Metals & Tubes Ltd. · NSE:RATNAMANI
Ratnamani Metals & Tubes — Q2 2026-27 Earnings Presentation
35 slides from Ratnamani Metals & Tubes's earnings presentation, Nov 6, 2026
Slide 1: Exchange cover letter for investor presentation
RMTL/SEC/INV.PRE/2026-27 November 6, 2026 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Department “Exchange Plaza”, 5th Floor, 1st Floor, New Trading Ring, Bandra – Kurla Complex, Rotunda Building, P. J. Tower, Bandra (E), Dalal Street, Fort, Mumbai – 400 001 Mumbai - 400 05
Slide 2: Resilient Growth, Diversified Opportunities – Q2 2026-27 Investor Presentation
RESILIENT GROWTH Investor Presentation DIVERSIFIED OPPORTUNITIES Q2 2026-27 2026-27 (Q2) Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and its accompanying slides, prepared by Ratnamani Metals and Tubes Limited (the 'Company'), are intended solely for informational purposes. It does not constitute, or form part of, any offer, solicitation, recommendation, or invitation to subscribe for, underwrite, or p
Slide 4: Q2 2026-27 Performance
Q2 2026-27 Performance 1. Q2 2026-27 Performance 2. About Us 3. Annexures 2026-27 (Q2) Investor Presentation
Slide 5: Financial Highlights – Q2 2026-27 (Consolidated)
Financial Highlights – Q2 2026-27 (Consolidated) • Sales grew by 13% contributed by all the entities • Enhanced production capacities with the ongoing expansion projects • Improved Order book and improved credit ratings for the Group Revenue from Operations (₹ in Crores) EBITDA (₹ in Crores) 240 238
Slide 6: Financial Highlights – Q2 2026-27 (Standalone)
Financial Highlights – Q2 2026-27 (Standalone) • Revenue grew by 18% during the quarter. • Company maintained gross margins however, the net margins were impacted due to higher freight costs and overheads due to uncertain global factors. • Company remains debt free on standalone basis • Order book i
Slide 7: Financial Highlights – Q2 2026-27 (Subsidiaries)
Financial Highlights – Q2 2026-27 (Subsidiaries) Ravi Technoforge Private Limited (RTL) Ratnamani Finow Spooling Solutions Private Limited (RFSS) Revenue from Operations (₹ in Crores) EBITDA (₹ in Crores) Revenue from Operations (₹ in Crores) EBITDA (₹ in Crores) 13 13.2% 15.0% 100 60.0% 12.62 156.9
Slide 8: Financial Highlights – Q2 & H1 FY27
Financial Highlights – Q2 & H1 FY27 (₹ in Crores) Standalone Consolidated Particulars Q2 2026-27 Q2 2025-26 H1 2026-27 H1 2025-26 Q2 2026-27 Q2 2025-26 H1 2026-27 H1 2025-26 Revenue 1,104.40 939.56 1,845.18 2,001.96 1,347.51 1,191.69 2,319.14 2,343.31 Other income 36.22 33.81 61.65 68.83 31.02 26.
Slide 9: Key Developments – Q2 2026-27
Key Developments – Q2 2026-27 New Approvals and Orders Fertiliser • Received approval to supply stainless steel seamless U-tubes for carbamate condensers from one of the world’s leading, highly competitive technology licensors and engineering companies in the fertiliser, ammonia and chemical process
Slide 10: Key Developments – Capacity Enhancement
Key Developments – Q2 2026-27 Capacity Enhancement 18 m Spiral Mill Spiral Mill-3 upgraded to manufacture pipes up to 18 metres long Capacity: 1 lakh MT p.a. Location: Kutch Size range: 457.2 to 3,658 mm (18" to 144") diameter; 4 to 25.4 mm thickness 3LPE External 3LPE coating plant commissioned Cap
Slide 11: Key Developments – Q2 2026-27 (Subsidiaries)
Key Developments – Q2 2026-27 (Subsidiaries) Ravi Technoforge Private Limited (RTL) Ratnamani Finow (RFSS) Growth Projects • Construction of a greenfield, state-of-the-art project with an automatic hot former and best-in-class technology, to cater to rising demand for high-volume mid-sized bearings
Slide 12: About Us
About Us 1. Q2 2026-27 Performance 2. About Us 3. Annexures 2026-27 (Q2) Investor Presentation
Slide 13: About Us
About Us Largest Player of the One of the Leading Stainless Steel Tubes & Pipes (high end Player for Carbon Steel 40+ Years of Experience Welded Pipes in India applications) in India Manufacturing Facilities Sustainability and ESG Product Portfolio with 4 with Ongoing Expansions to Support Growth Wi
Slide 14: Our Vision, Values and Mission
About Us Our Vision ◊ To attain Global excellence by continuously developing and providing the best quality products and services. ◊ Exceeding expectations of our Customers with innovative products & applications. ◊ Building value for all our stakeholders. ◊ To be a value driven organisation that is
Slide 15: Journey
Journey Upgraded Spiral Mill-3 (HSAW) at Kutch for Operations 18 m long pipes commenced at the 3LPE Coating Plant, Commissioned High-Speed Welded external 3LPE coating Tube Mill, and Offline Commissioned high plant at Odisha Welding Unit in HSAW Coating capacity wall-thickness, Started increased fro
Slide 16: JV and Acquisition Timelines
JV and Acquisition Timelines Ratnamani operates through a well-diversified network of subsidiaries and joint ventures, enabling both scale and reach. Manufacturing Marketing & Sales Ratnamani Finow Ravi Technoforge Private Ratnamani Middle Ratnamani Middle East Spooling Solutions Ratnamani Inc. Ratn
Slide 17: Multi-Location Manufacturing Facilities
Multi-Location Manufacturing Facilities 4 Manufacturing Gujarat Odisha Facilities Indrad (Mehsana) Sundargarh Stainless Steel Seamless Works Carbon Steel Works Bhimasar (Kutch) Stainless Steel & Carbon Steel Works Chhatral (Gandhinagar) Carbon Steel Works 2026-27 (Q2) Investor Presentation 16
Slide 18: Product Portfolio
Product Portfolio Wide Range of Product Portfolio Stainless Steel Carbon Steel ◊ Heat Exchanger Tubes ◊ Hollow Bars ◊ Carbon Steel Welded (L-SAW, ERW and H-SAW) Pipes ◊ Integral Low Finned Tubes ◊ Instrumentation Tubes ◊ Induction Bends ◊ Boiler Tubes ◊ Coiled Tubing ◊ Structural (Square & Rectangul
Slide 19: Product Details
Product Details SS/Ni/Ti Business Portfolio CS Business Portfolio Seamless SS+ HFW ◊ Dia: 168.3 to 457 mm (6" to 18") ◊ Dia: 3 to 273.05 mm (10") ◊ Thickness: 3.2 to 14.27 mm ◊ Thickness: 0.5 to 45 mm Nickel Alloy: 400, 600, 625, API 5L: Grades A, B, X42, X46...X80 800, 825 API 2B: As per client req
Slide 20: Industries Served
Industries Served At the Core of Every Industry Oil & Gas Refinery & Food, Dairy & Chemical & Exploration Petrochemical Beverages Fertiliser Thermal Solar & Nuclear Power LNG Desalination Power Chillers & Cooling CNG & Systems Aerospace Defence Automotive Cross-Country Pipelines for Gas Structural A
Slide 21: Strengths
Strengths Ratnamani’s Edge Technological Prowess and Extensive Product Portfolio Quality at the Core Innovation NABL ISO/IEC 17025, First in India to supply ILAC-accredited laboratories hydrogen-compliant pipes. Serving 20+ industries in and global certifications. Building capabilities for new 28+ c
Slide 22: Our Marquee Clients
Clients Our Marquee Clients 2026-27 (Q2) Investor Presentation 21
Slide 23: Subsidiaries and Joint Ventures – Ravi Technoforge
Subsidiaries and Joint Ventures Ravi Technoforge Private Limited (RTL) Ravi Technoforge is a leading manufacturer of high-precision forged and turned bearing rings, gear blanks and auto components, with a portfolio equally divided between automotive and non-automotive sectors such as heavy industria
Slide 24: Subsidiaries and Joint Ventures – Ratnamani Finow
Subsidiaries and Joint Ventures Ratnamani Finow Spooling Solutions Private Limited (RFSS) RFSS is a specialised provider of high-integrity pipe spools, induction bends and hangers & supports, catering to critical industries such as nuclear and thermal power, oil & gas, petrochemicals and data centre
Slide 25: ESG – Environment
ESG ESG rating improved during the period: Score of 69 (‘Aspiring’ category) assigned by NSE Sustainability Ratings & Analytics Environment 52 MW 29% Captive Clean Energy Total Energy from Clean Projects Commissioned Sources ~100% 100% Key Raw Materials Manufacturing Plants Sourced Sustainably Compl
Slide 26: ESG – Social
ESG Social Zero 16,500+ Fatalities in 2025-26 Training Hours in 2025-26 3,00,000+ 23,000+ People Provided Eye-care CSR Beneficiaries in 2025-26 through the ‘Drashtirath’ Initiative 100% Employees and Workers Trained on EHS and NGRBC Principles 2026-27 (Q2) Investor Presentation 25
Slide 27: CSR – H1 2026-27
CSR – H1 2026-27 CSR Expenditure Key Initiatives ₹2.23 Crores Education • Rehabilitation centres for Skill Development • Apprenticeship training under the Sports and Child Welfare • Sponsored the South West Spent between April and September 2026 Divyang children at Dhanera and Apprenticeship Act, 19
Slide 28: ESG – Governance: Board of Directors
ESG Governance Board of Directors Mr. Prakash M. Sanghvi Mr. Jayanti M. Sanghvi Mr. Shanti M. Sanghvi Mr. Manoj P. Sanghvi Mr. Prashant J. Sanghvi Mr. Rajendra S. Shah Chairman and Managing Joint Managing Director Whole-Time Director Whole-Time Director and Whole-Time Director Independent Director D
Slide 29: Annexures
Annexures 1. Q2 2026-27 Performance 2. About Us 3. Annexures 2026-27 (Q2) Investor Presentation
Slide 30: Financial Highlights (Consolidated)
Financial Highlights (Consolidated) Revenue growth from 2020-21 to 2025-26: 14.4% CAGR Revenue from Operations (₹ in Crores) EBITDA (₹ in Crores) Dividend (in ₹) 6,000 1,200 20.0% 16 800% 5,186 14 14 5,059 14 700% 970 19.6% 5,000 4,494 1,000 883 19.0% 9.33* 700% 4,474 808 880 700% 19.2% 12 600% 600%
Slide 31: Financial Highlights (Standalone)
Financial Highlights (Standalone) Revenue growth from 2020-21 to 2025-26: 9.9% CAGR Revenue from Operations (₹ in Crores) EBITDA (₹ in Crores) Dividend (in ₹) 921 6,000 1,000 19.4% 20% 16 800% 892 14 14 4,876 900 19.2% 14 700% 4,807 793 19% 9.33* 5,000 4,370 800 700% 700% 715 18.3% 12 600% 3,689 700
Slide 32: Profit and Loss
Profit and Loss (₹ in Crores) Consolidated Standalone Year ended Year ended Year ended Year ended Particulars March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 Revenue from Operations 4,493.96 5,186.47 3,689.30 4,876.14 Other Income 121.95 59.62 125.09 83.31 Total Income 4,615.91 5,246.09
Slide 33: Balance Sheet
Balance Sheet (₹ in Crores) Consolidated Standalone (₹ in Crores) Consolidated Standalone As at As at As at As at Particulars Particulars March 31, 2026 March 31, 2026 March 31, 2026 March 31, 2026 ASSETS EQUITY AND LIABILITIES EQUITY Non-current assets Equity Share Capital 14.02 14.02 Property, Pla
Slide 34: Cash Flow
Cash Flow Consolidated (₹ in Crores) Year ended Year ended Year ended Particulars March 31, 2026 March 31, 2025 March 31, 2024 Cash from Operating Activity 936.01 536.22 511.23 Cash from Investing Activity (1,147.64) (397.12) (145.26) Cash from Financing Activity 59.22 (130.18) (192.95) Net Cash Flo
Slide 35: Thank You
ratnamani.com info@ratnamani.com CIN : L70109GJ1983PLC006460 Registered Office: 17, Rajmugat Society, Naranpura Cross Roads, Ahmedabad 380 013, Gujarat, India Phone: +91 79 2741 5504/2747 8700 Fax: +91 79 2960 1210 Email: info@ratnamani.com THANK YOU For further information, please contact: Mr. Anil
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