Ratnamani Metals and Tubes vs Jindal SAW vs Welspun Corp: Which Stock Should You Track

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.

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.