Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Ratnamani Metals and Tubes PE 37.92, mkt cap Rs 19,505 crore. Jindal SAW PE 30.52, mkt cap Rs 18,328 crore. Welspun Corp PE 31.10, mkt cap Rs 72,124 crore.
Quick Answer
Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp is a side-by-side comparison of three companies from the Specialty Steel Pipes space. On this comparison, Ratnamani Metals and Tubes carries a market capitalisation of about Rs 19,505 crore against Rs 18,328 crore for Jindal SAW and Rs 72,124 crore for Welspun Corp, with return on equity of 11.74%, 7.74% and 17.62% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp starts with the core numbers most investors compare within the Specialty Steel Pipes segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Specialty Steel Pipes bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp: Company Overview
Ratnamani Metals and Tubes is a listed Indian company in the Specialty Steel Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Jindal SAW is a listed Indian company in the Specialty Steel Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Welspun Corp is a listed Indian company in the Specialty Steel Pipes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp: Valuation and Profitability Snapshot
| Metric | Ratnamani Metals and Tubes | Jindal SAW | Welspun Corp |
|---|---|---|---|
| Market Cap (approx.) | Rs 19,505 crore | Rs 18,328 crore | Rs 72,124 crore |
| PE Ratio (TTM) | 37.92 | 30.52 | 31.10 |
| PB Ratio | 4.75 | 1.46 | 7.88 |
| Return on Equity (ROE) | 11.74% | 7.74% | 17.62% |
| EPS (TTM, Rs) | 73.38 | 9.39 | 87.92 |
| Dividend Yield | 0.36% | 0.70% | 0.18% |
| Debt to Equity | 0.08 | 0.37 | 0.26 |
| Book Value per Share (Rs) | 586.46 | 196.62 | 347.16 |
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On valuation, Ratnamani Metals and Tubes trades at a PE of 37.92 and a PB of 4.75, Jindal SAW at a PE of 30.52 and a PB of 1.46, while Welspun Corp trades at a PE of 31.10 and a PB of 7.88. On return on equity, the three post 11.74%, 7.74% and 17.62% respectively, and on dividend yield they stand at 0.36%, 0.70% and 0.18%.
Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Ratnamani Metals and Tubes | Rs 989.22 crore | Rs 107.03 crore | -16.3% | -11.6% |
| Jindal SAW | Rs 4,475.98 crore | Rs 90.79 crore | +9.1% | -3.9% |
| Welspun Corp | Rs 4,144.91 crore | Rs 1,047.88 crore | +15.6% | -4.7% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three specialty steel pipes names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp highlights how differently three companies in the same specialty steel pipes segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp
What is the market cap difference between Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp?
Ans. As of September 2026, Ratnamani Metals and Tubes has a market cap of approximately Rs 19,505 crore, Jindal SAW is at approximately Rs 18,328 crore, and Welspun Corp is at approximately Rs 72,124 crore.
Which of the three has the highest PE ratio?
Ans. Among Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp, the PE ratios stand at 37.92, 30.52 and 31.10 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp post ROE of 11.74%, 7.74% and 17.62% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp carry dividend yields of 0.36%, 0.70% and 0.18% respectively.
What is the debt to equity ratio for Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp?
Ans. Ratnamani Metals and Tubes carries a debt to equity of 0.08, Jindal SAW of 0.37, and Welspun Corp of 0.26.
Which of the three trades at the highest price to book value?
Ans. Ratnamani Metals and Tubes, Jindal SAW and Welspun Corp trade at price to book ratios of 4.75, 1.46 and 7.88 respectively.
Is one of Ratnamani Metals and Tubes, Jindal SAW or Welspun Corp better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
