What we do Ratnamani Metals & Tubes Ltd manufactures stainless steel and carbon steel pipes and tubes, serving diverse industries with total piping solutions globally. |
Founded in 1,985 |
Market share Largest stainless steel tubes and pipes manufacturer in India with a strong presence in carbon steel welded pipes. |
Problem solved Provides high-quality piping solutions addressing industrial needs for durable, precision-engineered tubes and pipes in critical sectors. |
Top clients or who we serve Serves over 20 industries including oil & gas, nuclear, automotive, power, and chemicals; caters to B2B clients worldwide. |
Key management Prakash M. Sanghvi (Chairman & Managing Director), Manoj P. Sanghvi (CEO), with an experienced professional leadership team. |
Our journey and innovations Since 1985, progressive capacity expansions, diverse product innovations, certifications like API 5L, and international joint ventures. |
Where we operate Manufacturing in India (Gujarat, Odisha); marketing and subsidiaries in USA, UAE, Switzerland, and KSA; exports worldwide. |
Top products or what we offer Seamless & welded stainless steel, carbon steel, titanium pipes and tubes; coating and induction bends; bearing rings; pipe spools. |
Top brands Ratnamani Stainless Steel Pipes - market leader; Ravi Technoforge bearing rings; Ratnamani Finow spooling solutions expanding globally. |
Raw materials needed High-grade stainless steel, nickel alloys, carbon steel, titanium, coatings materials like epoxy and polyethylene. |
Raw materials supplier Sourced globally from steel producers and alloy manufacturers; specifics undisclosed. |
Recurring vs cyclical contribution Revenue mix is both recurring (long-term clients, spools, coatings) and cyclical (project-based pipe orders). |
Our industry position Among top Indian pipe makers; recognized for quality, capacity, and regulatory approvals like API, AD 2000, IBR. |
Financial highlights FY25 consolidated revenue ₹5,186 Cr with PAT ₹542 Cr; steady EBITDA margins ~20%; strong cash flow and CRISIL AA/Positive rating. |
Geographical revenue split Approximately 80% revenue from India, 20% from overseas markets including Asia-Pacific, Europe, Middle East, and America. |
Order book Robust order book highlighted in pipe spooling and bearing components rising, with ₹500 Cr+ for pipe spools alone. |
Whats driving growth Capacity expansions, industry demand in oil & gas, nuclear, renewable energy sectors, and strong subsidiary contributions. |
Our future plans Ongoing brownfield and greenfield expansions at Kutch and Odisha, new product lines, JV in Saudi Arabia seamless pipes. |
Our green promise 41 MW clean energy capacity, water and waste intensity reductions, sustainability initiatives and CSR in education and environment. |
Our people and values 3100+ employees, strong culture of safety and training, diversity and inclusion, employee stock option scheme to retain talent. |
Key challenges ahead Global market volatility, raw material costs, competitive pressure, regulatory compliance, and scaling new energy product lines. |
Interesting facts First Indian company to supply hydrogen-compliant pipes; extensive CSR footprint and multiple prestigious industry certifications. |
Risks and strategy Mitigation through diversified products, geographic reach, stringent quality control, risk management practices, and strategic partnerships. |
