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Ratnamani Metals & Tubes Ltd

BSE Code : 520111 | NSE Symbol : RATNAMANI | ISIN:INE703B01027| SECTOR : Steel |

NSE BSE
 
SMC up arrow

2,258.00

37.60 (1.69%) Volume 280564

21-Oct-2021 EOD

Prev. Close

2,220.40

Open Price

2,206.00

Bid Price (QTY)

2,258.00(240)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 2,299.00 - 2,194.60

52 wk High/Low 2,300.00 - 1,194.85

Key Stats

MARKET CAP (RS CR) 10603.28
P/E 38.36
BOOK VALUE (RS) 425.1137006
DIV (%) 700
MARKET LOT 1
EPS (TTM) 59.16
PRICE/BOOK 5.33774845834738
DIV YIELD.(%) 0.62
FACE VALUE (RS) 2
DELIVERABLES (%) 73.31
4

News & Announcements

20-Oct-2021

Ratnamani Metals & Tubes Ltd - Ratnamani Metals & Tubes Limited - Shareholders meeting

11-Oct-2021

Ratnamani Metals & Tubes Ltd - Ratnamani Metals & Tubes Limited - Loss of Share Certificates

08-Oct-2021

Ratnamani Metals rises after order win

08-Oct-2021

Volumes soar at Ratnamani Metals & Tubes Ltd counter

07-Oct-2021

Ratnamani Metals & Tubes wins new order worth Rs 98 cr

05-Oct-2021

Ratnamani Metals & Tubes receives orders worth Rs 144 cr

08-Sep-2021

Ratnamani Metals & Tubes bags order worth Rs 148.95 cr

30-Jul-2021

Ratnamani Metals & Tubes to declare Quarterly Result

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Aanchal Ispat Ltd 538812
ACME Industries Ltd 526514
Adhunik Metaliks Ltd 532727 ADHUNIK
Aditya Ispat Ltd 513513
Ahlada Engineers Ltd 535111 AHLADA
Ahmedabad Steelcraft Ltd 522273
Ajanta Tubes Ltd 505988
AKC Steel Industries Ltd 40332
All Metal Process Industries Ltd 511088
Alliance Integrated Metaliks Ltd 534064
Ambuja Electrocastings Ltd 513317 AMBUJELCST
AML Steel Ltd 530464 AMLSTEEL
Anik Steels Ltd 513440
Anil Special Steel Industries Ltd 504629 ASILIND
Apollo Tricoat Tubes Ltd 538566
Apollo Tubes & Steel Industries Ltd 504628 APOLLOTUBE
Archon Industries Ltd 506041
Arihant Steel & Alloys Ltd 506044
Arun Pipes Ltd (Wound-up) 517453
Aryavan Enterprise Ltd 539455
Ashiana Ispat Ltd 513401
Asian Alloys Ltd 513458 ASIANALLOY
Aslo Steel Ltd 513492
Atma Steels Ltd 513313
AVS Industries Ltd 526267
B.D. Industries (India) Pvt Ltd 504652
Bajaj Steel Industries Ltd 507944
Balaji Galvanising Industries Ltd 530205
Balaji Industrial Corporation Ltd 500036 BALAJIIND
Balaji Steel Tubes & Pipes Ltd 513644
Bansal Roofing Products Ltd 538546
Bedmutha Industries Ltd 533270 BEDMUTHA
Beekay Steel Industries Ltd 539018
Bellary Steels & Alloys Ltd(liquidated) 500045 BELLARYSTL
Bengal Steel Industries Ltd 512404
Bharat Berg Ltd 513193
Bharat Forge & Press Industries Ltd 522227
Bharat Steel Tubes Ltd 40002
Bharat Wire Ropes Ltd 539799 BHARATWIRE
Bhoruka Steel & Services Ltd 504997
Bhuwalka Steel Industries Ltd 513333 BUWALKASTL
Bihar Foundry & Castings Ltd 504621
Bil Energy System Ltd 533321 BILENERGY
Bilpower Ltd 531590 BILPOWER
BMW Industries Ltd 542669
Bombay Wire Ropes Ltd 504648
Bonlon Industries Ltd 543211
Bundy India Ltd 40003
Canara Steel Ltd 504668
Castron Technologies Ltd 506095
Century Tubes Ltd (Wound-up) 505976
Chandi Steel Industries Ltd 40629
Charminar Steels Ltd 513500
Chase Bright Steel Ltd 504671
Choksi Tubes Company Ltd 513240 CHOKSITUBE
Comet Steels Ltd (Merged) 513160
Crimson Metal Engineering Company Ltd 526977
CV Steels Ltd 513725
D P Wires Ltd 535012 DPWIRES
Decora Tubes Ltd(wound-up) 526343
Deeps Special Steels Ltd 513570
Denholm Steels Ltd (Wound-up) 513470
Dewan Steels Ltd 513646 DEWANSTEEL
Dhar Industries Ltd 513632
Dhatu Sanskar Ltd (Wound Up) 513322
Dina Iron & Steel Ltd 532003
Do-Max Steel Ltd 513339
Eastcoast Steel Ltd 520081 ESTCSTSTEL
Elango Steels Ltd 13452
Electrosteel Steels Ltd 533264 ELECTROSL
Electrotherm (India) Ltd 526608 ELECTHERM
Ellora Steels Ltd 513424
Ensa Steel Industries Ltd 512135
Facor Steels Ltd 532657
Firth (India) Steel Company Ltd 504692
G K Steel & Allied Industries Ltd (Wound-up) 513287
Gallantt Metal Ltd 532726 GALLANTT
Gandhi Special Tubes Ltd 513108 GANDHITUBE
Gangotri Iron and Steel Company Ltd 530945
Garg Furnace Ltd 530615
Garg Steel & Alloys Ltd 40483
Global Arya Industries Ltd 513621
GM Mittal Stainless Steels Ltd 513199
Godawari Power & Ispat Ltd 532734 GPIL
Goodluck India Ltd 530655 GOODLUCK
Gopal Iron & Steels Co.(Gujarat) Ltd 531913
Graham Firth Steel Products (India) Ltd 504707
Grand Foundry Ltd 513343 GFSTEELS
Gujarat Bonanza Auto & Steel Rolling Ltd 523996
Gujarat Intrux Ltd 517372
Gujarat Natural Resources Ltd 513536
Gujarat Steel Tubes Ltd (Wound Up) 504710
Gujarat Wedge Wire Screens Ltd 513129
Gwalior Strips Ltd 513014
Gyscoal Alloys Ltd 533275 GAL
HAMCO Steels & Alloys Ltd 503839
Handum Industries Ltd 40342
Hariyana Ventures Ltd 506024
Harpartap Steel Ltd 513689
Haryana Steel & Alloys Ltd 504601
Heera Ispat Ltd 526967
Him Ispat Ltd (Wound-up) 513017
Himachal Tubes & Wires Ltd 517029
Himtubes Ltd 513018
Hind Wire Industries Ltd 504716
Hisar Metal Industries Ltd 590018 HISARMETAL
Hi-Tech Pipes Ltd 532601 HITECH
Hitek Industries (Bihar) Ltd 513003
Incredible Industries Ltd 538365 INCREDIBLE
India Steel Works Ltd 513361 ISIBARS
Indian Bright Steel Company Ltd 504731
Indian Seamless Metal Tubes Ltd (Merged) 504754 ISMETALTUB
Indian Seamless Steels & Alloys Ltd (Merged) 513385 ISSAL
Indian Steel Rolling Mills Ltd 513275
Indore Wire Company Ltd 504784
Innoventive Industries Ltd 533402 INNOIND
ISMT Ltd 532479 ISMTLTD
Ispat Profiles India Ltd 531464 ISPATPROF
J M D Alloys Ltd 531765
Jagan Tubes Ltd 40268
Jalan Ispat Castings Ltd 513301
Jay Iron & Steel Industries Ltd 513542
Jindal Iron & Steel Company Ltd (Merged) 500107 JINDALIRON
JTL Infra Ltd 534600
Kalyani Steels Ltd 500235 KSL
Kamdhenu Ltd 532741 KAMDHENU
Kamini Ispat Ltd 531555
Kamper Concast Ltd 531475 KAMPERCONC
Kanakdhara Steel Ltd 513267 KANAKSTEEL
Kanan Steels Ltd 531476
Kanishk Steel Industries Ltd 513456
Kinjal Metals Ltd 531298
KR Steelunion Ltd (Wound-up) 513181
Kritika Wires Ltd 535116 KRITIKA
Kusum Ingots & Alloys Ltd 513315 KUSUMINGOT
Kusum Iron & Steel Ltd 513625
Ladam Steels Ltd 513420
Lloyds Steels Industries Ltd 539992 LSIL
Mahalaxmi Seamless Ltd 513460
Mahamaya Steel Industries Ltd 513554 MAHASTEEL
Maharashtra Seamless Ltd 500265 MAHSEAMLES
Mahindra Ugine Steel Company Ltd(Merged) 504823 MAHINDUGIN
Majestic Industries Ltd 526857 MAJESTIND
Malhotra Steel Industries Ltd 513601
Mamta Steels Ltd 530051
Man Industries (India) Ltd 513269 MANINDS
Manaksia Coated Metals & Industries Ltd 539046 MANAKCOAT
Manaksia Steels Ltd 539044 MANAKSTEEL
Mardia Steel Ltd (Wound-up) 513707 MARDIASTL
Marmagoa Steel Ltd 513355
Mayura Alloy Industries Ltd 530437
MEK Slotted Angles (India) Ltd 513198
Metal Coatings (India) Ltd 531810
Metalman Industries Ltd 513131 METALPIPE
Midfield Industries Ltd 533220
Minhas Steels Ltd 530241
Mishra Dhatu Nigam Ltd 541195 MIDHANI
Modern Steels Ltd 513303
Mohatta & Heckel Ltd 504844
Moira Wires Ltd 513603
Mukand Ltd 500460 MUKANDLTD
Mukat Pipes Ltd 523832 MUKATPIPE
Mukesh Steels Ltd 513265
Mukesh Strips Ltd 517374
Muzaffarnagar Steels Ltd 504855
Narayani Steels Ltd 540080
National General Industries Ltd 531651
National Steel & Agro Industries Ltd 513179 NATNLSTEEL
Nova Steels (India) Ltd 513395 NOVASTEEL
Nova Udyog Ltd 513426
NSL Ltd (Merged) 504778 NSL
OCL Iron & Steel Ltd 533008 OISL
Oil Country Tubular Ltd 500313 OILCOUNTUB
P.M. Telelinnks Ltd 513403
Pact Industries Ltd 538963
Panchmahal Steel Ltd 513511 PANCHMSTEL
Paramount Steels Ltd 513062
Partap Rajastan Special Steels Ltd 504860
Pennar Engineered Building Systems Ltd(Merged) 539333 PENPEBS
Pennar Industries Ltd 513228 PENIND
Pittsburgh Iron & Steels Ltd 531135
Piyush Steels Ltd 530559
Powmex Steels Ltd (Merged) 513311 POWMEXSTL
Prabhu Steel Industries Ltd 506042
Prakash Industries Ltd 506022 PRAKASH
Prakash Steelage Ltd 533239 PRAKASHSTL
Premier Tubes Ltd 506066
Primuss Pipes & Tubes Ltd 513291
Progressive Steels (India) Ltd 531063
PSL Ltd 526801 PSL
Punctual Trading Ltd 512461
Punjab Iron & Steel Co Ltd 513523
Quality Steels & Forgings Ltd 500348
Raajratna Metal Industries Ltd 530507
Raghav Productivity Enhancers Ltd 539837
Rajasthan Ambuja Industries Ltd 513438
Rajasthan Tube Manufacturing Co Ltd 530253
Rajinder Alloys Ltd 513408
Rajinder Pipes Ltd 523341 RAJINPIPE
Rajinder Steels Ltd 500353 RAJINSTEEL
Rajratan Global Wire Ltd 517522 RAJRATAN
Rakan Steels Ltd 513480
Rama Steel Tubes Ltd 539309 RAMASTEEL
Ramsarup Industries Ltd 532690 RAMSARUP
Ramsunar Rolsteel Ltd 513560
Ranjeev Alloys Ltd 513727
Rathi Alloys & Steel Ltd (Winded) 504895 RATHIALLOY
Rathi Bars Ltd 532918
Rathi Industries Ltd 513568
Rathi Ispat Ltd 504896
Rathi Steel & Power Ltd 504903
Ratnamani Engineering Ltd (Merged) 513591
Real Strips Ltd 513558
Remi Edelstahl Tubulars Ltd 513043
Riddhi Steel & Tube Ltd 540082
Rishab Concast Ltd 513299
Rishabh Digha Steel & Allied Products Ltd 531539
RMI Steels Ltd 513212
Rohini Strips Ltd 526277
Rudra Global Infra Products Ltd 539226
S K Foils Ltd 40396
SAIL-SCL Kerala Ltd 504953
Salasar Techno Engineering Ltd 540642 SALASAR
Samana Steels Ltd 513462
Sandeep Steels Ltd (Merged) 513432
Sanghvi Steels Ltd 513077
Sarda Energy & Minerals Ltd 504614 SARDAEN
Sarigam Seamless Pipes Ltd 513607
Sarigam Steels Ltd 513324
Scan Steels Ltd 511672
Seemax Industries Ltd 40273
Shah Alloys Ltd 513436 SHAHALLOYS
Sharda Ispat Ltd 513548
Shivalik Loha Mills Ltd 513615 SHIVLOHMIL
Shree Mahavir Ispat ltd 504925
Shree Steel Wire Ropes Ltd 513488
Shri Bajrang Alliance Ltd 526981
Shri Bhagavati Bright Bars Ltd 530913
Shri Ishar Alloy Steel Ltd 513223 SRISARALOY
Shyam Metalics & Energy Ltd 543299 SHYAMMETL
Siddhartha Tubes Ltd 523728 SIDDHATUBE
Singh Alloys & Steels Ltd (Wound-up) 513697
Singhal Swaroop Ispat Ltd 513391 SSISPAT
Sipta Coated Steels Ltd (Merged) 513079 SIPTACOAT
Sivanandha Pipe Fittings Ltd 40125
SJB Tubes Ltd 517528
Somani Iron & Steels Ltd 504615
Somani Strips Ltd 530823
Somani Swiss Industries Ltd 511722 SOMANISWIS
Southern Iron & Steel Company Ltd(merged) 530491
Spearhead Metals & Alloys Ltd 513556
Splendid Metal Products Ltd 513414 SMPL
Sri Vasavi Industries Ltd 513609
Srikalahasthi Pipes Ltd 513605 SRIPIPES
Srinivasa Smelters Ltd 523814
Steel Strips Ltd 504717
Steel Tubes of India Ltd 506059 STEELTUBES
Steelco Gujarat Ltd 500399 STEELCOGUJ
Stelco Strips Ltd 513530
STI Products India Ltd 517492
Sunflag Iron & Steel Company Ltd 500404 SUNFLAG
Super Forgings & Steels Ltd 513277 SUPERFORGE
Supershakti Metaliks Ltd 541701
Supreme Engineering Ltd 535105 SUPREMEENG
Suraj Ltd 531638
Surana Industries Ltd 513597 SURANAIND
Surani Steel Tubes Ltd 535154 SURANI
Tamilnadu Steel Tubes Ltd 513540
Tata Metals & Strips Ltd (Merged) 502631
Tata SSL Ltd (Merged) 500396 SPECIALSTL
Technocraft Industries (India) Ltd 532804 TIIL
Thapar Concast Ltd 530453
Thapar Ispat Ltd 513285 THAPRISPAT
Titan Alloys Ltd 500417
Trident Steels Ltd (Wound-up) 513486
Tubetec Seamless Ltd 526007
Tulsyan NEC Ltd 513629 TULSYAN
UMI Special Steel Ltd(wound-up) 500435 BIHARALLOY
Umiya Tubes Ltd 539798
Uni-Metal Alloys Ltd 513482
Unison Metals Ltd 538610
United Special Ispat Ltd 40359
United White Metal Ltd 504980
Unity Steels Ltd 513186
Usha Iron & Ferro Metals Corporation Ltd 513464
Usha Martin Industries Ltd (Merged) 504986 USHAMARTIN
Usha Martin Ltd 517146 USHAMART
Uttam Galva Steels Ltd 513216 UTTAMSTL
Uttam Value Steels Ltd 500254 UVSL
Vallabh Steels Ltd 513397
Vardhman Industries Ltd 513534
Vardhman Special Steels Ltd 534392 VSSL
Varun Industries Ltd 532917 VARUN
Vermani Steel Strips Ltd 513587
Vini Metaspin Steels Ltd (Wound-up) 531325
Viraj Alloys Ltd(merged) 513562 VIRAJALLOY
Visa Steel Ltd 532721 VISASTEEL
Vishwas Infocom Industries Ltd 513573
Volvo Steels Ltd 530285
Welspun Corp Ltd 532144 WELCORP
Welspun Specialty Solutions Ltd 500365 REMIMETAL
Western Ministil Ltd 504998
Zenith Steel Pipes & Industries Ltd 531845 ZENITHSTL

Share Holding

Category No. of shares Percentage
Total Foreign 5795832 12.40
Total Institutions 7136131 15.27
Total Govt Holding 2292 0.01
Total Non Promoter Corporate Holding 388042 0.83
Total Promoters 28111625 60.16
Total Public & others 5294078 11.33
Total 46728000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Ratnamani Metals & Tubes Ltd

Ratnamani Metals & Tubes Limited (RMTL), a multi-product, multi location public limited company was incorporated on 15th September 1985, it providing total piping solutions to a diverse range of industries. Ratnamani's manufacturing facilities employ state-of-the-art technology to produce a wide range of Stainless Steel Welded / Seamless Tubes & Pipes and Carbon Steel Welded Pipes. The company caters to the niche markets of almost all the emerging sectors like oil and gas, refineries, petrochemicals, process industries, power plants and water distribution. All the plants of the company are situated in Gujarat alone. RMTL commenced its production as a twin small-scale unit of stainless steel welded pipes & seamless tubes in the year of inception itself. During the year 1991, the company had established facilities for manufacturing stainless steel electric fusion welded [EFW] pipes. Again, the company added one more production portfolio, in the year 1995, commenced production of submerged arc welded [SAW] pipes. After two years, in 1997, RMTL had received API 5L Monogramming License. During the year 1999, the company's production of stainless steel tubes for automobile exhaust systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001, the company accredited to ISO 9002 for quality management system under Lloyd's Register Quality Assurance (LRQA). RMTL had received AD 2000 - Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year, reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes & primary piping for nuclear reactors. Also, RMTL made up-gradation of ISO 9002 certification to ISO 9001-2000 under LRQA. During the year 2004, the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch, Gujarat during the identical year of 2004. After a year, in 2005, RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 2004-05, the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006, the company had obtained API Spec 5L approval for Kutch plant and in 2007, Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During the same year of 2007, RMTL became a Green Power Company by using 100% green power and awarded Export Trading House status by DGFT. CRISIL assigned ratings on RMTL as AA- & P1+, it reflects the company's strong financial risk profile and leadership position in the stainless steel tubes and pipes (SSTP) segment, which was assigned in March of the year 2008. In tune with the company's philosophy of continues innovation and up-gradation, RMTL has plans to add new products with higher sophistication and value addition enhancing company's capability to offer better and technologically advanced products.

Ratnamani Metals & Tubes Ltd Chairman Speech

From

the CMD's Desk

Dear Shareholders,

I am happy to share that even amid a volatile environment in 2019-20, the Company continued its growth journey in a sustainable way. No matter what! Ratnamani stayed ahead with a robust core, strong preparedness, resolute strategies and deep insights across business segments.

Since the last quarter of 2019-20, economies across the world are witnessing testing times owing to the COVID-19 pandemic. At Ratnamani, we are all working hard to bring back normalcy to our lives, and ensure safety of our employees and communities.

2019-20 was a challenging year for the Indian economy. Weak consumer sentiment, slackening demand and liquidity crunch contributed to stunted GDP growth of 4.2% during the year. With sluggish manufacturing activities, Index of Industrial Production (IIP) growth, turned unfavourable. The Government and the Reserve Bank of India (RBI) responded with prompt fiscal and monetary measures to counter the outbreak of virus and protect the economy that had come to a near standstill state. The Government also announced fiscal support under the 'Aatma Nirbhar Bharat Abhiyan' on May 12, 2020 with an intention to inject Rs 20.9 trillion into the economy.

In addition, the clarion call given by the Hon'ble Prime Minister to go 'vocal for local' aims to promote competitiveness of local produce vis-a-vis global brands. The resultant impact shall lead to a gradual recovery in the medium term.

The Steel Pipes and Tubes industry witnessed headwinds towards the end of the year owing to COVID-19 induced supply chain disruptions, falling global crude oil prices and deferred projects. However, given the strong Government impetus on infrastructure sector and wide end- user application, the industry displays positive outlook in the future.

Ratnamani emerged even stronger backed by diversified products with global benchmark quality, manufacturing efficiency and superior project execution skills. No matter what, we continued to explore opportunities and expand capacities, contributing to the stakeholders' value creation and the nation's prosperity at large.

Our Performance

Against the challenging backdrop, we delivered steady performance on the back of a strong order book, flexible product line from Stainless Steel to Welded Carbon Steel Pipes to Coating and Induction Bend solutions in various grades along with efficient raw material management. Our Stainless Steel division experienced sturdy order book from domestic and international clients. The Company posted a total revenue of Rs 2,644.98 Crore during FY 2019-20. Profit after tax grew 21.57% from Rs 252.93 Crore in 2018-19 to Rs 307.50 Crore in 2019-20. Order book for the year stood at Rs 1,160 Crore. To deal with the pandemic, we adopted adequate safety measures, realigned mobility, and enhanced digital working capabilities for our employees.

As one of the leading steel pipes and tubes manufacturers in the country, we remained insulated despite plunging oil prices and COVID-19 related disruption. Over the shortterm, demand from various industries moderated due to the pandemic impact. However, over the medium- term, various end-user sector outlook is positive, as rapid urbanisation and various schemes undertaken by the

Government is expected to revive demand. Presently, the country is highly dependent on imports for its natural gas requirement. As a result, increased Government focus on expanding the country's Natural Gas pipeline, Oil and Gas transmission and City Gas Distribution infrastructure will continue to fuel the demand for high quality ERW pipes. We stand to benefit immensely on the back of consistent demand from the petrochemicals segment and ambitious capacity expansions of refineries along with development of new grass-root refineries. Moreover, the Company is looking forward to leverage the opportunities from the upcoming LNG terminals on the western coast of the country. Being a preferred supplier of pipes and tubes worldwide, we are all set to tap the opportunities in Thermal, Nuclear and Solar Energy sector, Fertilizers, Atomic Energy, Aerospace, and Water sector as well.

Internationally, the Gulf countries,

US, Europe, South East Asia, and Africa offer multiple opportunities for the Company's quality products. Ratnamani is approved by Saudi Aramco for its stainless steel tubes and pipes backed by its brand reputation and recognition in the market. The Company is also set to capitalise on the export opportunities owing to its price, location and quality edge.

Capacity Enhancement

We continued to invest aggressively into product innovation and expansion of our manufacturing capacities. I am pleased to announce successful commissioning of our new Hot Extrusion Press which will enhance our capacities to manufacture upto 10" NPS Seamless products in both Stainless Steel as well as in Nickel Alloys and Inconel. The challenges posed by the pandemic have resulted in approval delays. However, the Company expects to commence production by fourth quarter of the financial year 2020-21. I am proud to state that the Company will be the first player in the country to manufacture such range of import-substitute product.

Our new state-of-the-art manufacturing facility at Kutch will establish global competitiveness of the L-SAW division. The Company has further plans to expand finishing capacity in the ERW segment.

The added capacities will help us strengthen our share in the domestic and global markets.

Caring for the Communities

The Company believes in striking a balance between environmental sustainability and socio-economic development. In 2019-20, we touched numerous lives through our initiatives in skill development, education, health and environment protection. Even during the lockdown, we continued to engage in activities that complemented Government's relief efforts by distributing medicines, meals, food kits and PPEs.

Looking Ahead

I would like to reiterate that our business model is highly resilient with financial stability, optimised cost structure, reliable products and sizeable manufacturing capabilities. Therefore, I am confident that we will successfully pass through this turbulence and continue with the implementation of our long-term growth strategy and value creation for stakeholders.

I would like to thank all our employees for their hard work and commitment throughout the year. I would also like to thank our stakeholders for their continued support as we look forward to a brighter year ahead. We are well-poised to take off on a robust trajectory and enter new realms of growth and profitability.

Prakash M Sanghvi
Chairman and Managing Director

   

Ratnamani Metals & Tubes Ltd Company History

Ratnamani Metals & Tubes Limited (RMTL), a multi-product, multi location public limited company was incorporated on 15th September 1985, it providing total piping solutions to a diverse range of industries. Ratnamani's manufacturing facilities employ state-of-the-art technology to produce a wide range of Stainless Steel Welded / Seamless Tubes & Pipes and Carbon Steel Welded Pipes. The company caters to the niche markets of almost all the emerging sectors like oil and gas, refineries, petrochemicals, process industries, power plants and water distribution. All the plants of the company are situated in Gujarat alone. RMTL commenced its production as a twin small-scale unit of stainless steel welded pipes & seamless tubes in the year of inception itself. During the year 1991, the company had established facilities for manufacturing stainless steel electric fusion welded [EFW] pipes. Again, the company added one more production portfolio, in the year 1995, commenced production of submerged arc welded [SAW] pipes. After two years, in 1997, RMTL had received API 5L Monogramming License. During the year 1999, the company's production of stainless steel tubes for automobile exhaust systems was commenced. The first mobile plant for Narmada Canal Pipe Line Project under Government of Gujarat was executed the company in the year of 2000. During the year 2001, the company accredited to ISO 9002 for quality management system under Lloyd's Register Quality Assurance (LRQA). RMTL had received AD 2000 - Merkblatt W 0 Certification under RWTUV in the year 2002 and also in the same year, reconditioned as a well known Tube / Pipe Maker under IBR. The Company got approval from Nuclear Power Corporation of India Limited in the year 2003 for the supply of critical instrumentation seamless tubes & primary piping for nuclear reactors. Also, RMTL made up-gradation of ISO 9002 certification to ISO 9001-2000 under LRQA. During the year 2004, the company delivered duplex stainless steel seamless tubes as per SA 789 / UNS 31803 and UNS 32205 and RMTL took its enhancement of current capacity by establishing new manufacturing facilities at Kutch, Gujarat during the identical year of 2004. After a year, in 2005, RMTL had started manufacturing of welded cold drawn duplex steel tubes as per SA 789 / UNS 31803 and UNS 32205. During the financial year 2004-05, the Kutch project of the company commenced commercial production and production has stabilized for all the products except Hot Extruded Mother Pipes. In 2006, the company had obtained API Spec 5L approval for Kutch plant and in 2007, Kutch plants granted status of Well Known Pipe Maker by Central Boilers Board. During the same year of 2007, RMTL became a Green Power Company by using 100% green power and awarded Export Trading House status by DGFT. CRISIL assigned ratings on RMTL as AA- & P1+, it reflects the company's strong financial risk profile and leadership position in the stainless steel tubes and pipes (SSTP) segment, which was assigned in March of the year 2008. In tune with the company's philosophy of continues innovation and up-gradation, RMTL has plans to add new products with higher sophistication and value addition enhancing company's capability to offer better and technologically advanced products.

Ratnamani Metals & Tubes Ltd Directors Reports

Dear Members,

Your Directors are pleased to present the 36th Annual Report of your company along with the Audited Financial Statements of the Company for the year ended 31st March 2020.

1. FINANCIAL RESULTS AT A GLANCE

(' in Crores)

Particulars

Standalone

Consolidated

2019-20 2018-19 2019-20 2018-19
Revenue from Operations 2,583.14 2,754.90 2,583.14 2,754.90
Other Income 61.84 41.23 61.84 41.23
Total Income 2,644.98 2,796.13 2,644.98 2,796.13
Profit before Tax 406.30 370.56 406.37 370.54
Less: Income tax expenses 98.80 117.63 98.82 117.63
Profit After Tax 307.50 252.93 307.55 252.91

2. OPERATIONAL REVIEW/STATE OF THE COMPANY'S AFFAIRS

During the year under review, the Company has achieved turnover of Rs 2,583.14 Crores compared to the previous of Rs 2,754.90 Crores. The total income on Standalone and Consolidated basis for the F.Y. 2019-20 at Rs 2,644.98 Crores has been lower by 5.40% compared to the total income of the previous year, while the profit after tax on standalone basis for the year was higer by 21.57% at Rs 307.50 Crores compared to the previous year and profit after tax on consolidated basis for the year is Rs 307.55 Crores, which is also higher by 21.60% compared to the previous year.

There are no material changes or commitments affecting the financial position of the Company, which have occurred between the end of the financial year and the date of this Report.

3. IMPACT OF COVID-19 PANDEMIC:

Due to outbreak of COVID-19 Pandemic globally and in India, the Company's management has made initial assessment of likely adverse impact on business and financial risks. The saving of lives and protecting livelihood both are of utmost importance to us. Ratnamani is continuously monitoring all aspects of the Covid-19 situation, evaluating all new developments and taking measures to protect our employees. The health and safety of our employees are always our highest priority in the organisation.

We have taken several steps aimed at ensuring the safety of our employees, which include work from home, social distancing in the office premises, sanitization of our office premises; plant locations and company vehicles, thermal screening for employees in the office premises, working at plants, providing sanitizers, masks, gloves etc. to the employees.

Meanwhile, we are also finding new ways of managing the business and have been working of changes in the business operating model, including the possibilities of using digital technology. Our focus on research and innovations remains intact and we promise to live by our slogan of "Prosperity through performance".

The Company has also donated Rs 1.00 Crore to Chief Minister's Relief Fund to fight the COVID-19 Pandemic and its fallout on poor sections of the society.

4. DIVIDEND

The Directors are pleased to inform you that the Board of Directors on 5th March, 2020 declared an interim dividend of Rs 12.00 per Equity Share having face value of Rs 2.00 each (i.e. 600% on the paid-up share capital) for the financial year ended on 31 st March, 2020. The total dividend pay out was Rs 67.60 Crores for the F.Y. 201920 comprising dividend amount of Rs 56.07 Crores and Dividend Distribution Tax amount of Rs 11.53 Crores. The Board has not recommended any further dividend to the shareholders of the Company. Hence, Interim Dividend declared by the Board shall be treated as Final Dividend.

The Dividend Distribution Policy of the Company is available at the web link https://www.ratnamani.com/ investorsrelations.html.

5. TRANSFER TO RESERVES

Your company does not propose to transfer any amount to any reserves of the Company for the year under review.

6. SHARE CAPITAL

The paid up Equity Share Capital of the Company as on 31st March, 2020 was Rs 934.56 Lakhs divided into 4,67,28,000 Equity Shares of Rs 2.00 each.

There was no change in the share capital of the Company during the year.

7. FINANCE

The Company has long-term borrowings outstanding amounting to Rs 17,562.51 Lakhs as on 31st March, 2020.

8. FIXED DEPOSITS

During the year under review, your Company has not accepted any deposit from the shareholders and public within the meaning of Sections 73 and 74 of the Companies Act, 2013 read together with the Companies (Acceptance of Deposits) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof for the time being in force).

9. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186

Details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Companies Act, 2013 are given in the notes to the Financial Statements.

10. DIRECTORS AND KEY MANAGERIAL PERSONNEL A) Directors

In accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company, Shri Shanti M. Sanghvi, Whole Time Director of the Company, will retire by rotation at the ensuing Annual General Meeting and being eligible offers himself for re-appointment.

The Company has also received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as per Section 149(6) of the Companies Act, 2013 and Regulation 16 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of regulation 25(8) of the Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impact or impair their ability to discharge their duties. Based on the declarations received from the IDs, the

Board has confirmed that they meet the criteria of independence as mentioned under regulation 16(1)(b) of the Listing Regulations and that they are independent of the management.

All the Directors of the Company have registered themselves with the Indian Institute of Corporate Affairs ("IICA"). Further, Smt. Nidhi G. Gadhecha, Independent Director had passed online proficiency test as per the requirement of the Rule 6(4) of the MCA Notification dated October 22, 2019.

a) Performance Evaluation of Directors

Pursuant to the provisions of the Companies Act, 2013 and Regulation 17(10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Board has carried out annual performance evaluation of its own performance, the Directors individually as well as the evaluation of the working of its Committees. The way, the evaluation has been carried out has been explained in the Corporate Governance Report.

b) Remuneration Policy

The Board has framed a policy for selection and appointment of Directors, Senior Management and their remuneration as recommended by the Nomination & Remuneration Committee. The Remuneration Policy is incorporated in the Corporate Governance Report.

c) The details of programmes for familiarisation of Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company and related matters are put up on the website of the Company at the web link: http:// www.ratnamani.com/investors_relations.html

B) Key Managerial Personnel

During the year, there was no change amongst the Key Managerial Personnel. The following persons are the Key Managerial Personnel of the Company pursuant to Section 2(51) and Section 203 of the Companies Act 2013, read with the Rules framed thereunder.

1. Shri Prakash M. Sanghvi, Managing Director

2. Shri Jayanti M. Sanghvi, Joint Managing Director

3. Shri Shanti M. Sanghvi, Whole Time Director

4. Shri Vimal Katta, Chief Financial Officer

5. Shri Jigar Shah, Company Secretary & Compliance officer

11. DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the provisions of Section 134(5) of the Companies Act, 2013, the Board of Directors hereby states and confirms that:

a. in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanations relating to material departures.

b. the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at 31st March, 2020 and of the profits of the Company for the financial year ended on 31st March, 2020.

c. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities.

d. the Directors had prepared the Annual Accounts on a ‘going concern' basis.

e. the Directors had laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and were operating effectively.

f. the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

12. BOARD MEETINGS

The Board of Directors met 6 (Six) times during the F.Y. 2019-20 and having gap of not more than 120 days between 2 Board Meetings. The details of the board meetings and the attendance of the Directors are provided in the Corporate Governance Report forming part of this Report.

13. AUDIT COMMITTEE

As provided in Section 177(8) of the Companies Act, 2013, the information about Audit Committee and its details is given in the Corporate Governance Report. The Board has accepted the recommendations of the Audit Committee. Presently, Shri Divyabhash C. Anjaria is the Chairman of the Committee and Dr. Vinodkumar M. Agrawal, Shri Jayanti M. Sanghvi and Smt. Nidhi G. Gadhecha are the members of the Committee.

14. STATUTORY AUDITORS

Pursuant to the provisions of Section 139 of the Companies Act, 2013 read with rules made thereunder, M/s. S R B C & Co., LLP, Chartered Accountants, (ICAI Firm Registration No. 324982E/E300003) hold office as the Joint Statutory Auditors of the Company till the conclusion of the 37th Annual General Meeting to be held in the calendar year 2021 and M/s. Kantilal Patel & Co., Chartered Accountants, (ICAI Firm Registration No. 104744W) as the Joint Statutory Auditors of the Company till the conclusion of the 39th Annual General Meeting to be held in the calendar year 2023.

The Statutory Auditors of the Company have not reported any fraud as specified under the second proviso of Section 143(12) of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) for the time being in force).

The Notes on financial statement referred to in the Auditors' Report are self-explanatory and do not call for any further comments. The Auditors' Report does not contain any qualification, reservation or adverse remark.

15. COST AUDITORS

Your company has received consent from M/s. N. D. Birla & Co., Cost Accountants, to act as the Cost Auditors for conducting audit of the cost records for the financial year 2020-21 along with a certificate confirming their independence and arm's length relationship.

Your Directors have on the recommendation of the Audit Committee, appointed M/s. N. D. Birla & Co., Cost Accountants, as the Cost Auditors of the Company to audit the Cost Accounts for the financial year 2020-21 at a remuneration of Rs 1,20,000/- plus taxes as applicable and out of pocket expenses, subject to ratification of the said remuneration by the Members in ensuing 36th Annual General Meeting. Accordingly, a resolution seeking Members' ratification for the remuneration payable to M/s. N. D. Birla & Co., Cost Accountants, is included at Item No. 4 of the Notice convening the 36th Annual General Meeting. The Cost Auditors' Report for the financial year 2019-20 does not contain any qualification, reservation or adverse remark.

16. SECRETARIAL AUDITOR

In terms of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board of Directors has appointed M/s. M. C. Gupta & Co., Company Secretaries in practice as the Secretarial Auditor of the Company to conduct an audit of the secretarial records, for the financial year 2020-21. Your company has received consent from M/s. M. C. Gupta & Co., Company Secretaries in practice to act as the Secretarial Auditor for conducting audit of the secretarial records for the financial year ending 31st March, 2021.

17. SECRETARIAL STANDARDS:

The Company is in compliance with Secretarial Standards on Meetings of Board of Directors and General Meetings issued by the Institute of Company Secretaries of India.

18. CREDIT RATING

The Company enjoys a good reputation for its sound financial management and its ability to meet financial obligations. CRISIL has reaffirmed "AA/stable" rating for the Company's long-term borrowings and ”A1+" for its short-term borrowings.

19. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The Internal Audit function is handled by an external firm of Chartered Accountants. The Internal Control Systems are regularly being reviewed by the Company's Internal Auditors with a view to evaluate the efficacy and adequacy of Internal Control Systems in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company and to ensure that these are working properly and wherever required, are modified/ tighten to meet the changed business requirements.

All the Business Heads/Function Heads are certifying the compliance to all applicable rules, regulations and laws every quarter to the Board and are responsible to ensure

that internal controls over all the key business processes are operative. The scope of the Internal Audit is defined and reviewed every year by the Audit Committee and inputs, wherever required, are taken from the Statutory Auditors. Based on the report of Internal Auditors, major audit observations and corrective actions thereon are presented to the Audit Committee of the Board.

20. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO

Conservation of energy and technology absorption

Information required under Section 134(3)(m) of the Companies Act, 2013, read with Rule 8(3) of the Companies (Accounts) Rules, 2014, as amended from time to time is given in Annexure-”A" forming part of this report.

The Company has commissioned windmills at various places for "Green Energy Generation", thus continuing to contribute, in a small way, towards a greener and cleaner earth.

21. RISK MANAGEMENT

Your company has an elaborate Risk Management procedure covering Business Risk, Operational Controls Assessment and Policy Compliance processes. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuous basis within the risk appetite as approved from time to time by the Board of Directors. Your company has already set up a Risk Management Committee in accordance with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key risks and mitigating actions are also placed before the Audit Committee and the Board of Directors of the Company.

As on the date of this report, the Company does not foresee any critical risk, which threatens its existence.

The details of foreign exchange earnings and outgo as required under Section 134 and Rule 8(3) of Companies (Accounts) Rules, 2014 are mentioned in Annexure-”A".

22. SUBSIDIARY, IT'SPERFORMANCEAND CONSOLIDATED FINANCIAL STATEMENT

The Company has one Wholly Owned Subsidiary in the State of Texas, USA in the name "Ratnamani Inc." During the year under review, the performance of the subsidiary was not so good, it was declined due to lower

crude prices and lower demand from Oil & Gas sector. As a consequence, the subsidiary recorded a profit of US $ 6816.31 (equivalent to Rs 4.72 Lakhs) for the year ended on 31st March, 2020 (previous year a loss of US $ 1,890.62 (equivalent to Rs 1.31 Lakhs). A report on the performance and financial position of the subsidiary is given in Annexure-"B". Your Directors have pleasure in attaching the Consolidated Financial Statements pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which have been prepared in accordance with the applicable provisions of the Companies Act, 2013 and Indian Accounting Standards ("Ind AS") for financial year ended 31st March, 2020 and approved by the Board. These Consolidated Financial Statements have been prepared on the basis of the Audited Financial Statements of the Company and its Subsidiary Company, as approved by their respective Board of Directors.

The Financial Statements as stated above are also available on the website of the Company and the same can be accessed at the web link: http://www.ratnamani. com/investors_relations.html

23. CORPORATE GOVERNANCE REPORT

Your company is committed to good Corporate Governance and has taken adequate steps to ensure that the requirements of Corporate Governance as laid down in Regulation 27 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are complied with. The details are given in Annexure-"C".

The Board has framed Code of Conduct for all Board members and Senior Management of the Company and they have affirmed the compliance during the year under review.

The Board has received CEO/CFO Certification under Regulation 17(8) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Corporate Governance Report and the Secretarial Auditor's Certificate regarding compliance of conditions of Corporate Governance are attached and forms part of the Annual Report.

24. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report is set out in a separate section included in this Annual Report and forms part of this Report.

25. CORPORATE SOCIAL RESPONSIBILITY (CSR)

The CSR Policy may be accessed on the Company's website at the web link: http://www. ratnamani.com/ investors_relations.html

The key philosophy of all CSR initiatives of the Company is guided by the Company's philosophy of giving back to the society as a responsible corporate citizen.

The Company has identified the following as focus areas of engagement:

a. Education : Access to quality education, training and skill enhancement.
b. Environment : Environmental sustainability, ecological balance, conservation of natural resources.
c. Rural

Transformation

: Provision of drinking water, sewage facilities, sanitation Facilities and roads
d. Health : Affordable solutions for healthcare through improved access and awareness.

e. The Company would also like to undertake need- based initiatives in future.

During the year, the Company has spent Rs 488.34 Lakhs on CSR activities. The detail of CSR activities and expenses are given in Annexure-”D".

25. EXTRACT OF ANNUAL RETURN

Extract of Annual Return in Form No. MGT-9 of the Company for the Financial Year ended on 31st March, 2020 is annexed herewith as Annexure- ”E" to this Report.

26. PARTICULARS OF EMPLOYEES

In terms of the provisions of Section 197(12) of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, disclosures pertaining to remuneration and other details are provided in Annexure - ”F" to this Report.

27. SECRETARIAL AUDIT REPORT

The Secretarial Audit Report for the financial year ended 31st March, 2020 is annexed with the Directors' Report and forms part of the Annual Report as given in Annexure-”G". Further, the Secretarial Audit Report does not contain any qualification, reservation, adverse remark or disclaimer.

28. BUSINESS RESPONSIBILITY REPORT

Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 mandates inclusion of the Business Responsibility Report ("BRR") as a part of the Annual Report for top 500 listed entities based on market capitalisation. In compliance with this regulation, the Business Responsibility Report provides a detailed overview of initiatives taken by your Company from environmental, social and governance perspectives. The same is out in a separate section included in this Annual Report and forms part of this Report.

29. DISCLOSURES:

A. Vigil Mechanism

The Vigil Mechanism of the Company, which also incorporates a whistle blower policy in terms of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Protected disclosures can be made by a whistle blower through an e-mail, a letter to the Chairman of the Audit Committee.

The Policy on vigil mechanism and whistle blower policy may be accessed on the Company's website at the web link: http://www.ratnamani.com/ investors_relations.html

B. Related Party Transactions

The Company has framed a Related Party Transactions Policy for the purpose of identification and monitoring of such transactions. The policy on Related Party Transactions as approved by the Board and was hosted on the Company's website at web link: http://www.ratnamani.com/investors_ relations.html

All the related party transactions that were entered into during the financial year were on an arm's length basis and were in the ordinary course of business. There were no materially significant related party transactions made by the Company with Promoters, Directors, Key Managerial Personnel or other designated persons that may have a potential conflict with the interest of the Company as per the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

All the Related Party Transactions have been placed before the Audit Committee and also before the Board for its approval.

Accordingly, the disclosure of Related Party Transactions as required under Section 134(3)(h) of the Companies Act, 2013 with Section 188(2) of the Companies Act, 2013 is mentioned in the form AOC - 2, which is given in Annexure - "H".

C. Sexual Harassment Of Women At Workplace (Prevention, Prohibition And Redressal) Act, 2013

The Company is an equal opportunity Company and has zero tolerance for sexual harassment at workplace. It has adopted a policy against sexual harassment in line with the provisions of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules framed thereunder.

During the financial year 2019-20, there was no complaint/case of sexual harassment and hence no complaint remains pending as on 31st March, 2020.

D. General

Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions/instances on these items during the year under review:

a) There has been no material change in the nature of business during the year under review.

b) Issue of equity shares with differential rights as to dividend, voting or otherwise nor issued shares (including sweat equity shares) to the employees or Directors of the Company, under any Scheme.

c) There were no events to report that has happened subsequent to the date of financial statements and the date of this report.

d) Neither the Managing Director, Joint Managing Director nor the Whole Time Director of the Company receive any remuneration or commission from the Subsidiary Company.

e) No significant or material orders were passed by the Regulators or Courts or Tribunals, which affect the going concern status and Company's operations in future.

APPRECIATION

Your Directors wish to place on record their gratitude for the valuable guidance and support rendered by the Government of India, various State Government departments, Banks and various stakeholders, such as, shareholders, customers and suppliers, among others. The Directors also commend the continuing commitment and dedication of the employees at all levels, which has been critical for the Company's success.

The Directors regret for the loss of life due to COVID-19 Pandemic and are deeply greatful and have immense respect for every person who risked their life and safety to fight this Pandemic. The Directors look forward to the continued support of all stakeholders in future also.

For and on behalf of the Board of Directors

PRAKASH M. SANGHVI
Place : Ahmedabad Chairman and Managing Director
Date :16th June, 2020 DIN:00006354

   

Ratnamani Metals & Tubes Ltd Company Background

P M SanghviP M Sanghvi
Incorporation Year1983
Registered Office17 Rajmugat Society,Naranpura Char Rasta Naranpura
Ahmedabad,Gujarat-380013
Telephone91-79-27415501-4,Managing Director
Fax91-79-27480999
Company SecretaryAnil Maloo
AuditorSRBC & Co LLP/Kantilal Patel & Co
Face Value2
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarLink Intime India Pvt Ltd
C-101 247 Park ,L B S Marg ,Vikhroli West ,Mumbai-400083

Ratnamani Metals & Tubes Ltd Company Management

Director NameDirector DesignationYear
P M Sanghvi Chairman & Managing Director 2021
J M Sanghvi Joint Managing Director 2021
S M Sanghvi Whole-time Director 2021
D C Anjaria Independent Director 2021
V M Agrawal Independent Director 2021
P M Mehta Independent Director 2021
Nidhi G Gadhecha Independent Director 2021
Anil Maloo Company Secretary 2021

Ratnamani Metals & Tubes Ltd Listing Information

Listing Information
BSE_500
CNX500
BSESMALLCA
CNXMETAL
BSEALLCAP
INDUSTRIAL
SML250
MSL400
NFTYMSC400
NFTYSC250

Ratnamani Metals & Tubes Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
SS Tubes/Pipes MT 0002522.1691
Other Operating Revenue NA 00030.2934
Sale of Services NA 00024.2419
Power Generation NA 0006.4351
Power Generation Uni0000
Stainless Steel Coils & PlatesNA 0000
Carbon Steel Pipes MT 0000
Pipes & Tubes-Steel-Traded MT 0000
Tubes-Carbon Steel MT 0000
Coated Pipes SqM0000
Others NA 0000
Others - Traded NA 0000
Sale of Products NA 0000
Trading Sales SS tubes & OtherMT 0000
Job work Charge-SS Tube&Pipes NA 0000
Jobwork Charges-Carbon Steel NA 0000
Power Generation MW 0000

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