Ratnamani Metals & Tubes Ltd. · NSE:RATNAMANI
Ratnamani Metals & Tubes — Q4 2025-26 Earnings Presentation
34 slides from Ratnamani Metals & Tubes's earnings presentation, May 16, 2026
Slide 1: Exchange filing cover letter
RMTL/SEC/INV.PRE/2026-27 May 16, 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 - 400 051 Co
Slide 2: Resilient Growth, Diversified Opportunities - Q4 2025-26 Investor Presentation
RESILIENT GROWTH Investor Presentation DIVERSIFIED OPPORTUNITIES Q4 2025-26 2025-26 (Q4) 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: Q4 2025-26 Performance
Q4 2025-26 Performance 1. Q4 2025-26 Performance 2. About Us 3. Annexures 2025-26 (Q4) Investor Presentation
Slide 5: Financial Highlights – Q4 2025-26 (Consolidated)
Financial Highlights – Q4 2025-26 (Consolidated) • Q4 profitability was impacted by lower sales volumes and under-absorption of fixed costs, particularly against the high base of record sales in Q4 of the previous year. • On a full-year basis, the Company maintained absolute EBITDA and PAT broadly i
Slide 6: Financial Highlights – Q4 2025-26 (Standalone)
Financial Highlights – Q4 2025-26 (Standalone) • Performance during the period was impacted by subdued demand and lower capacity utilization, resulting in under-absorption of fixed costs and pressure on margins. • Company remains debt free on standalone basis • Order book of INR 1800+ crores • Divid
Slide 7: Financial Highlights – Q4 2025-26 (Subsidiaries)
Financial Highlights – Q4 2025-26 (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) 14.2% 13.12 71.94 31.51 105.32 11.66
Slide 8: Financial Highlights – Q4 & FY26
Financial Highlights – Q4 & FY26 (₹ in Crores) Standalone Consolidated Particulars Q4 2025-26 Q4 2024-25 FY 2025-26 FY 2024-25 Q4 2025-26 Q4 2024-25 FY 2025-26 FY 2024-25 Revenue 893.00 1,574.77 3,689.30 4,876.14 1,084.82 1,715.15 4,493.96 5,186.47 Other income 27.68 37.96 125.09 83.31 33.59 9.11
Slide 9: CEO’s Message
CEO’s Message Despite lower sales, the Group improved profitability margins and maintained EBITDA and net profit broadly in line with last year. Subsidiaries Ravi Technoforge (RTL) and Ratnamani Finow Spooling Solutions (RFSS) delivered strong performances, with bearing rings and pipe spooling emerg
Slide 10: Ongoing Projects (Parent Company)
Ongoing Projects Parent Company Ratnamani Metals & Ratnamani Metals & Ratnamani Metals & Tubes Limited Tubes Limited Tubes Limited Plant Location Category Plant Location Category Plant Location Category Kutch Brownfield Kutch Brownfield Odisha Greenfield Kutch Product Product Product Developing a ne
Slide 11: Ongoing Projects (Subsidiary Companies)
Ongoing Projects Subsidiary Companies Ratnamani Finow Spooling Ravi Technoforge Ratnamani Middle Solutions Private Limited Private Limited East Company, LLC Plant Location Category Plant Location Category Plant Location Category Kutch Greenfield Rajkot Greenfield The Kingdom Greenfield of Saudi Arab
Slide 12: About Us
About Us 1. Q4 2025-26 Performance 2. About Us 3. Annexures 2025-26 (Q4) Investor Presentation
Slide 13: About Us
About Us Largest Player of the One of the Largest Stainless Steel Tubes & Player for Carbon Steel 40+ Years of Experience Pipes in India Welded Pipes in India Manufacturing Facilities Sustainability and ESG Product Portfolio with 4 with Ongoing Expansions to Support Growth Wide Varied Applications D
Slide 14: About Us: Vision, Values, 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 Operations commenced at the 3LPE Coating Plant, High-Speed Welded Tube Mill, and Offline Commissioned high Started Welding Unit in HSAW Coating capacity wall-thickness, commercial increased from large-diameter production at the Started manufacturing 100 NPS to 122 CSAW pipes at The Company L
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 2025-26 (Q4) 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 1,00,000 MT 800, 825 API 2B: As pe
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 ISO 17025-accredited First in India to supply laboratories and global hydrogen-compliant pipes. Serving 20+ industries in certifications. Building capabilities for new 35+ countries. Appro
Slide 22: Our Marquee Clients
Clients Our Marquee Clients 2025-26 (Q4) 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 Spooling
Subsidiaries and Joint Ventures Ratnamani Finow Spooling Solutions Private Limited (RFSS) RFSS is a specialised provider of high-integrity pipe spool fabrication and support systems, catering to critical industries such as nuclear & thermal power, and oil & gas. It is a joint venture between Ratnama
Slide 25: ESG: Environment
ESG Our Company has voluntarily been evaluated by three independent ESG rating agencies, which have assigned us ratings in the ‘Adequate’ category. Environment 41 MW 42% 7% Captive Clean Energy Total Energy Came from Reduction in Projects Commissioned Clean Sources Water Intensity ~100% 100% 3,041 T
Slide 26: ESG: Social
ESG Social 34% Reduction in Lost Time Injury Frequency Rate in 2024-25 3,00,000+ People Provided Eye-care through the ‘Drashtirath’ Initiative 100% Employees and Workers Trained on EHS and NGRBC Principles 2025-26 (Q4) Investor Presentation 25
Slide 27: ESG: Governance
ESG Governance Board of Directors Mr. Prakash M. Sanghvi Mr. Jayanti M. Sanghvi Mr. Shantilal 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 Directo
Slide 28: CSR
CSR Ratnamani is contributing towards a more equitable and responsible society through impactful CSR initiatives across healthcare, education, clean drinking water, women’s empowerment and digital learning. Company was honoured with the Best Healthcare & Wellness Programme National Award at the Indi
Slide 29: Annexures
Annexures 1. Q4 2025-26 Performance 2. About Us 3. Annexures 2025-26 (Q4) 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: 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 33: 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 34: 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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