Ratnamani Metals & Tubes (RATNAMANI) — Announcement

📢 Key Event
Crisil upgraded Ratnamani's long-term rating to AA+/Stable and reaffirmed short-term rating at A1+

🔄 What Changed
Long-term rating upgraded from AA/Positive to AA+/Stable; short-term rating reaffirmed at A1+

🔮 What's Next
Revenue expected to grow at 12-15% supported by record Rs 4,900 crore order book

💡 Investor Takeaway
The upgrade signals stronger financial health and growth momentum, enhancing investor confidence in Ratnamani's market position and profitability.

Ratnamani Metals & Tubes Ltd received an upgrade of its long-term bank loan rating from Crisil AA/Positive to Crisil AA+/Stable and a reaffirmation of its short-term rating at Crisil A1+. The upgrade reflects improved business risk profile driven by revenue diversification, strong order book, and high-margin stainless steel and spooling operations, alongside robust financials with net cash of Rs 988 crore and low gearing of 0.07x. The company projects 12-15% revenue growth fueled by a record Rs 4,900 crore order book, with high-value nuclear pipe spooling orders driving margins above 30%.

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About Ratnamani Metals & Tubes Ltd (RATNAMANI)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on BSE

Market Cap: ₹19,682.88 Cr P/E: 45.5 ROE: 12.5% ROCE: 15.7% Div Yield: 0.36%

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🔥 Also filed on 10 September 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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