Ratnamani Metals & Tubes Ltd, a prominent mid-cap metal company, saw its shares jump significantly by 14.81% to close at Rs 2,702 on Monday. This surge followed an announcement that its subsidiary, Ratnamani Finow Spooling Solutions Pvt Ltd, had received substantial export orders totaling approximately Rs 2,700 crore (equivalent to $286 million).
Details of the Major Export Order
According to an exchange filing by Ratnamani Metals & Tubes, the subsidiary has been awarded export orders specifically for the supply of spools and hangers. The company noted that these orders would involve a hybrid manufacturing approach: partly produced in its own facilities and partly sub-contracted, with transactions also conducted on a Mercantile Trade Transaction basis.
Recent Financial Performance
On the financial front, Ratnamani Metals reported a consolidated net profit attributable to owners of Rs 82.16 crore in Q1 FY27. This represents a 37.67% year-on-year decline compared to Rs 131.82 crore in the corresponding quarter of the previous fiscal year. Revenue from operations also saw a decrease, falling 15.62% year-on-year to Rs 971.63 crore in the June quarter, down from Rs 1,151.62 crore in Q1 FY26.
Stock Performance and Technical Indicators
Technically, the stock showed strong momentum, trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs). Its 14-day relative strength index (RSI) stood at 69.50, nearing the overbought threshold of 70. Ratnamani Metals currently holds a standalone/consolidated price-to-earnings (P/E) ratio of 55.21/36.82, a price-to-book (P/B) value of 5.69, and earnings per share (EPS) of 48.94/73.38. Its return on equity (RoE) was 10.30, and its one-year beta, according to Trendlyne data, was 0.68, indicating relatively low volatility.