Ratnamani Metals & Tubes is engaged in the manufacturing of stainless steel pipes and tubes and carbon steel pipes at Kutch, Indrad and Chhatral in the state of Gujarat. Current Order book stands at INR 1569 crores which includes orders from SS and CS division at `1,053cr and `516cr, respectively.It’s debt dependency is also very low with a debt-equity of 0.05x. Ratnamani regularly pays dividend of an average 15%. It currently trades at a PE of 20.2x and delivers RoCE of 25.9%. Hence, Buy.
| CMP | NA |
|---|---|
| Target Price | NA |
| Investment Period | 12 Months |
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
