Ratnamani Metals Share Price Target Forecast 2022, 2023, 2025, 2030

DECEMBER 6, 2021

Sharekhan’s price target for Ratnamani Metals and Tube is 2022; buy for Rs 2500.

In its Research Report dated December 3, 2021, Sharekhan Ratnamani Metals and Tube suggested a BUY rating on the company with a target price of Rs 2500.

Between April and November of this year, new order bookings increased 2.3 times yearly to Rs. 2,700 crores, and management expects monthly order execution of Rs. 250-300 crores. As a result, we believe management is on track to meet its revenue growth target of 31% for fiscal year 2012. The oil and gas, CGD, and water transport industries all provided significant prospects, resulting in annual order inflows of Rs.

3,000 crore in the next years, while the newly increased ramp-up in carbon steel/stainless steel capacity utilisation would boost margins to a historical norm of 17-18%. Overall, we predict RMTL’s revenue, EBITDA, and profit to grow at a CAGR of 24%, 23%, and 21% in FY 2011-24E, with a possible pick-up in domestic customers’ expenditure plans in order execution, and a high export order with potential improvement and approval from RMTL. Customers from all around the world have sent us new plants.

Outlook

As a result, we maintain a BUY at RMTL with a PT of Rs. RMTL’s domestic market share of 2,500 makes it a major beneficiary of the renewed demand for steel tubes and pipes. The stock is now trading at 23.4x FY2023E EPS and 19.7x FY2024E EPS.

Moneycontrol.com is the source for this information.


30 NOVEMBER 2021

On new orders at Rs 297.87 crore, Ratnamani Metals gained 7%.

Ratnamani Metals and Tube’s stock climbed 7% on November 30 as a result of orders totaling Rs 300 crore.

“Ratnamani Metals and Tube has secured new domestic orders worth Rs 297.87 crore from the oil and gas sector to be implemented between February 2022 and January 2023,” the business stated in a news statement.

Ratnamani’s stock dropped after the Income Tax Department searched the company’s registered office, corporate office, branch offices, and plants between November 23 and November 27.

“As a responsible company, all of the concerned employees/employees of the company extended their full cooperation to the Income Tax authorities during the search operation and provided all of the information/documents sought,” according to the release. “We do not believe there will be any major impact on the company’s current or future activities.”

The company has stated that it adheres to the highest corporate governance standards, as evidenced in the past.

Ratnamani Metals and Tube was up Rs 136.05, or 6.71 percent, at Rs 2,162.35 on the BSE at 9:33 a.m. On October 21, 2021, the stock reached a 52-week high of Rs 2,300 and a 52-week low of Rs 1,455.00, respectively.

It was trading 5.98% higher than its 52-week high and 48.62% higher than its 52-week low at the time of writing.

Moneycontrol.com is the source for this information.


9 November 2021

Ratnamani Metals & Tubes Ltd continues to remain successful.

Ratnamani Metals and Tube Limited is now trading at Rs 2185 on the NSE, up 0.13 percent as of 12:47 IST. In the past year, the stock has increased by 74.69 percent, compared to a 42.9 percent increase in the Nifty and a 125.6 percent increase in the Nifty Metal.

Today, Ratnamani Metals and Tube Limited is gearing up for its fifth session in a row. At 12:47 IST, the stock is up 0.13 percent on the NSE, trading at Rs 2185. The benchmark Nifty is currently trading at 18049.3, down 0.11 percent on the day. At 60435.77, the Sensex is down 0.18 percent. In the previous month, Ratnamani Metals and Tube Limited has lost almost 1.07 percent of its value.

In the meantime, the Nifty Metal Index, which includes Ratnamani Metals and Tube Limited, has lost 0.03 percent in the last month and is presently down 0.22 percent at 5780.45. The stock’s volume today was 1782 shares, compared to a daily average of 13486 shares over the previous month.

The company has a PE of 34.89 based on TTM results ending September 21.

Business-standard.com is the source for this information.


NOVEMBER 2, 2021

Ratnamani Metal Consolidated Net Sales in September 2021 were Rs 711.70 crore, up 23.37 percent from the previous year. Y-o-Y

Ratnamani Metals and Tubes’ consolidated quarterly numbers are as follows:

From Rs 711.70 crore in September 2021, net sales had increased by 23.37 percent. In September 2020, the amount will be 576.89 crore. Quarterly Net Profit Rs. 26.11 percent higher than September 2021’s Rs 71.52 crore. In September 2020, the amount will be 56.72 crore.

EBITDA has increased by 25.8% since September 2021, when it was Rs 120.53 crore. In September 2020, the amount will be 95.81 crore. Ratnamani Metal’s earnings per share (EPS) would increase to Rs. 15.30 in September 2021 from Rs. 12.14 in September 2020.

Ratnamani Metal’s stock closed at 2,120.10 on November 1, 2021 (BSE), representing an 8.28 percent return in the previous six months and a 70.27 percent return in the previous year.

Moneycontrol.com is the source for this information.


10 AUGUST 2021

Ratnamani Metal Consolidated Net Sales in June 2021 were Rs 526.00 crore, down 9.01 percent from the previous year. Y-o-Y

Ratnamani Metals and Tubes’ consolidated quarterly numbers are as follows:

In June 2021, net sales were Rs 526.00 crore, down 9.01 percent from Rs 578.07 crore in June 2020. Quarterly Net Profit Rs. 50.40 crore, up 1.39 percent from June 2021. In June 2020, the amount will be 49.71 crore.

EBITDA has increased by 7.23 percent since June 2021, when it was Rs 92.60 crore. In June 2020, the amount will be 86.36 crores. Ratnamani Metal’s earnings per share (EPS) will increase to Rs. 10.79 in June 2021, up from Rs. 10.64 in June 2020.

Ratnamani Metal’s stock closed at 2,082.25 on August 9, 2021 (NSE), up 27.71 percent in the last six months and 88.43 percent in the last year.

Moneycontrol.com is the source for this information.


Disclaimer: The views and investment tips expressed by investment expert on Stock consultant bihar are Sourced From Brokerage Firms Research Reports & Market Experts Opinion. We advises users to consult your investment advisor before taking any decisions. Our Website Contain Demat Account & Algo Trading affliate Link. If You’ll Register Through Our Link We May Get Profit.

More Share Price Target Updates:

We will be happy to hear your thoughts

Leave a reply

Stock Consultant Bihar
Logo