APL Apollo Tubes vs Ratnamani Metals and Tubes: Which Stock Should You Track

APL Apollo Tubes vs Ratnamani Metals and Tubes is a comparison investors look up when evaluating listed Indian steel tube and pipe manufacturers. APL Apollo Tubes is India's largest structural steel tube manufacturer with a focus on retail construction and MSME market segments, while Ratnamani Metals and Tubes is a stainless steel and carbon steel tube manufacturer serving the oil and gas, power, chemicals and defence sectors.

This APL Apollo Tubes vs Ratnamani Metals and Tubes article covers reach and market position, key products, latest declared results and stock valuation. The APL Apollo Tubes vs Ratnamani Metals and Tubes data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

APL Apollo Tubes vs Ratnamani Metals and Tubes: Reach and Market Position

On the APL Apollo Tubes side of the APL Apollo Tubes vs Ratnamani Metals and Tubes comparison, APL Apollo Tubes operates multiple plants across Delhi NCR, South India and Central India, producing structural steel hollow sections, pre-galvanised tubes and colour-coated tubes for construction. Market capitalisation is Rs 54,143 Cr.

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On the Ratnamani Metals and Tubes side of the APL Apollo Tubes vs Ratnamani Metals and Tubes comparison, Ratnamani Metals operates plants in Gujarat and Rajasthan producing stainless steel tubes, carbon steel tubes and pipes for demanding industrial applications. Market capitalisation is Rs 16,725 Cr.

APL Apollo Tubes vs Ratnamani Metals and Tubes: Key Products and Business Mix

In the APL Apollo Tubes vs Ratnamani Metals and Tubes product comparison, APL Apollo Tubes offers: APL Apollo earns from structural steel hollow sections, scaffolding tubes, galvanised pipes and colour-coated products. EPS is Rs 44.26. P/E is 44.06x, ROE 22.71 percent, D/E 0.09.

For Ratnamani Metals and Tubes in this APL Apollo Tubes vs Ratnamani Metals and Tubes breakdown: Ratnamani earns from stainless steel tubes, carbon steel tubes and seamless pipes for oil and gas, power, chemicals and defence. EPS is Rs 76.25. P/E is 31.29x, ROE 11.74 percent, D/E 0.08.

APL Apollo Tubes vs Ratnamani Metals and Tubes: Latest Results

The APL Apollo Tubes vs Ratnamani Metals and Tubes results for APL Apollo Tubes: APL Apollo has a market cap of Rs 54,143 Cr and P/E of 44.06x. ROE is 22.71 percent with near-zero debt. APL Apollo is 3.2 times larger than Ratnamani and has a materially higher ROE, reflecting its branded retail distribution and value-added product mix.

The APL Apollo Tubes vs Ratnamani Metals and Tubes results for Ratnamani Metals and Tubes: Ratnamani Metals has a market cap of Rs 16,725 Cr and P/E of 31.29x. ROE is 11.74 percent with near-zero debt. Ratnamani serves specialised industrial segments with higher complexity but lower volumes than APL Apollo.

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APL Apollo Tubes vs Ratnamani Metals and Tubes: Stock and Valuation

The APL Apollo Tubes vs Ratnamani Metals and Tubes stock comparison uses the latest available market data from Groww. Investors tracking APL Apollo Tubes vs Ratnamani Metals and Tubes should verify current prices on NSE or BSE before trading.

APL Apollo Tubes vs Ratnamani Metals at current valuations: APL Apollo trades at Rs 54,143 Cr market cap, P/E 44.06x, ROE 22.71 percent. Ratnamani trades at Rs 16,725 Cr market cap, P/E 31.29x, ROE 11.74 percent. APL Apollo is larger with a higher ROE; Ratnamani is cheaper on P/E and serves higher-margin industrial niches.

APL Apollo Tubes vs Ratnamani Metals and Tubes: Quick Comparison Table

The APL Apollo Tubes vs Ratnamani Metals and Tubes comparison table below summarises the key metrics covered in this article side by side.

Parameter	APL Apollo Tubes	Ratnamani Metals and Tubes
Sector	Structural steel tubes: retail construction	Specialty tubes: oil and gas, power, defence
Market Cap	Rs 54,143 Cr	Rs 16,725 Cr
P/E Ratio	44.06x	31.29x
ROE	22.71%	11.74%
Debt to Equity	0.09	0.08
Product Focus	Hollow sections, GI pipes, colour-coated	SS tubes, CS tubes, seamless pipes
Dividend	0.44% yield	0.42% yield

Conclusion

The APL Apollo Tubes vs Ratnamani Metals and Tubes comparison above covers the key data points on reach, products, results and valuation. APL Apollo Tubes vs Ratnamani Metals covers two very different steel tube businesses. APL Apollo is a retail structural steel champion — high volume, branded, distribution-led. Ratnamani is an industrial specialty tube maker with oil and gas and defence exposure. Both have near-zero debt. Investors should review realisations per tonne, capacity utilisation, construction industry demand, and oil and gas capex for Ratnamani before taking a view. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What does APL Apollo Tubes make?

Ans. APL Apollo Tubes is India's largest branded steel tube manufacturer, making hollow sections (square, rectangular, circular), pre-galvanised tubes, colour-coated tubes, and special structural products for construction.

What does Ratnamani Metals and Tubes make?

Ans. Ratnamani makes stainless steel and carbon steel tubes and pipes for oil and gas, petrochemical plants, power generation, nuclear and defence applications, where precision, alloy grade and certification matter.

Why does APL Apollo have a higher ROE than Ratnamani?

Ans. APL Apollo has built a strong branded distribution system, higher volumes and value-added colour-coated products that command margins. Ratnamani serves lower-volume but more specialised markets.

Are APL Apollo and Ratnamani zero-debt companies?

Ans. Both have very low debt — APL Apollo at D/E 0.09 and Ratnamani at D/E 0.08. Both are funded primarily through internal accruals.

Is APL Apollo in Nifty 50?

Ans. No. APL Apollo is not in Nifty 50 but is tracked in Nifty 200 and Nifty Metal indices.

Which company benefits from infrastructure growth?

Ans. Both benefit from Indian infrastructure capex. APL Apollo benefits from real estate and construction activity. Ratnamani benefits from oil refinery expansion, power plant construction and defence manufacturing.

Does APL Apollo pay dividends?

Ans. APL Apollo pays a dividend yield of approximately 0.44 percent.