Ratnamani Metals & Tubes (RATNAMANI) Share Price Falls 2.33% Today

Ratnamani Metals & Tubes Share Price fell to Rs 2,742.70 on 11 September 2026, down 2.33% for the day. The stock declined by Rs 65.30 from the previous close of Rs 2,808, while the company’s market capitalisation stood at Rs 20,064.19 crore, keeping it in focus within the Large Cap space.

The supplied data confirms the price fall, but it does not establish a company-specific catalyst behind today’s decline. Even so, the move is notable because it comes with a premium valuation profile in the Iron & Steel sector, solid profitability metrics, and a price level that remains above key long-term moving averages. For readers tracking Ratnamani Metals & Tubes stock news, the main focus is on what the day’s price action shows, how the stock is valued against sector benchmarks, and how its fundamentals compare with major listed peers.

Ratnamani Metals & Tubes (RATNAMANI) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 2,742.7
Previous Close	Rs 2,808
Today's Move	-Rs 65.30 (-2.33%)
Open	Rs 2,800.05
High	Rs 2,800.05
Low	Rs 2,742.7
Turnover	Rs 0.1 crore
Market Capitalisation	Rs 20,064.19 crore
Market Cap Category	Large Cap

Ratnamani Metals & Tubes Share Price Today reflects a clear intraday decline. The stock opened at Rs 2,800.05 and that was also the day’s high, before moving lower to the day’s low of Rs 2,742.70, which was also the current price at the time of the data snapshot. That pattern indicates the stock weakened after the open and did not revisit its opening level during the session.

Against the previous close of Rs 2,808, the stock was down Rs 65.30, or 2.33%. Turnover stood at Rs 0.10 crore. The fact that the day’s high matched the opening price while the current price matched the day’s low points to a session dominated by downward price action rather than a broad intraday rebound. Ratnamani Metals & Tubes Share Price is drawing attention not because of a confirmed corporate trigger in the supplied data, but because the stock has posted a notable single-day decline despite remaining a Large Cap company.

Ratnamani Metals & Tubes (RATNAMANI) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 20,064.19 crore
P/E Ratio	45.47x
P/B Ratio	4.71x
ROE	13.89%
ROCE	18.01%
EPS	Rs 61.76
Book Value Per Share	Rs 595.9
Dividend Yield	0.36%

Ratnamani Metals & Tubes fundamental analysis shows a company that is not cheaply valued on the supplied numbers, even though its profitability metrics remain ahead of many industry averages. The stock trades at a P/E ratio of 45.47 and a P/B ratio of 4.71. EPS stands at 61.76, while book value per share is Rs 595.90. The dividend yield is 0.36%, indicating a modest historical payout relative to the current stock price.

On returns, the company reports ROE of 13.89% and ROCE of 18.01%. Those figures show Ratnamani Metals & Tubes is generating double-digit returns on shareholder equity and capital employed. At the same time, the valuation multiples suggest investors are already assigning a premium to that profitability. That leaves the stock in a position where financial quality supports market interest, but the multiple leaves less room for error than lower-valued peers.

Sector and Industry Context

Metric	Value
Sector	Iron & Steel
Industry	Steel & Iron Products
Benchmark Scope	same industry
Company P/E Ratio	45.47x
Benchmark Median P/E	20.98x
Benchmark Average P/E	36.99x
Benchmark P/E Range	0.49x to 616.68x
Company P/B Ratio	4.71x
Benchmark Median P/B	1.69x
Benchmark Average P/B	2.28x
Company ROE	13.89%
Benchmark Median ROE	9.41%
Benchmark Average ROE	2.34%
Company ROCE	18.01%
Benchmark Median ROCE	12.32%
Benchmark Average ROCE	9.79%
Company Market Capitalisation	Rs 20,064.19 crore
Benchmark Median Market Cap	Rs 313.76 crore
Benchmark Average Market Cap	Rs 8,163.7 crore

The sector data places the company in Iron & Steel, specifically in the Steel & Iron Products industry, where the benchmark scope covers the same industry across 140 companies. That creates a broad comparison set for valuation, profitability, and size.

Ratnamani Metals & Tubes Share Price is linked to a company P/E of 45.47. Within the same industry, the median P/E is 20.98 and the average is 36.99, based on 120 companies, with a range of 0.49 to 616.68. On that basis, the company trades above both the median and average industry P/E. Its P/B ratio of 4.71 is also above the industry median of 1.69 and average of 2.28, based on 139 companies, within a range of -16.13 to 22.67.

Profitability tells a more supportive story. The company’s ROE of 13.89% is above the industry median of 9.41% and the average of 2.34%, based on 137 companies. ROCE of 18.01% is also above the industry median of 12.32% and average of 9.79%. In size terms, the company’s market capitalisation of Rs 20,064.19 crore stands well above the industry median market capitalisation of Rs 313.76 crore and also above the industry average of Rs 8,163.70 crore. The overall picture is one of stronger-than-benchmark returns combined with richer-than-benchmark valuation.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
JSW Steel	JSWSTEEL	3,20,440.06	12.91	3.06	28.54	20.67
Tata Steel	TATASTEEL	2,35,375.56	21.04	2.25	11.44	12.7
Steel Authority Of India	SAIL	76,931.03	17.79	1.23	5.66	7.08
Welspun Corp	WELCORP	68,795.28	31.71	7.64	19.55	23.94
Jindal Stainless	JSL	64,535.57	19.35	3.07	17.51	19.19

Compared with major listed peers, Ratnamani Metals & Tubes carries a valuation that is closer to premium names than to mainstream steel counters. Its P/E of 45.47 is above JSW Steel at 12.91, Tata Steel at 21.04, SAIL at 17.79, Welspun Corp at 31.71, and Jindal Stainless at 19.35. In the broader benchmark list, it still remains below APL Apollo Tubes at 49.66.

On P/B, Ratnamani’s 4.71 is above JSW Steel’s 3.06, Tata Steel’s 2.25, SAIL’s 1.23, and Jindal Stainless’ 3.07, but below Welspun Corp’s 7.64. Profitability is more mixed. Ratnamani’s ROE of 13.89% is stronger than Tata Steel’s 11.44% and SAIL’s 5.66%, but below JSW Steel’s 28.54%, Welspun Corp’s 19.55%, and Jindal Stainless’ 17.51%. Its ROCE of 18.01% is above Tata Steel’s 12.70% and SAIL’s 7.08%, yet below JSW Steel’s 20.67%, Welspun Corp’s 23.94%, and Jindal Stainless’ 19.19%.

In market-cap terms, Ratnamani at Rs 20,064.19 crore is much smaller than JSW Steel, Tata Steel, SAIL, Welspun Corp, and Jindal Stainless, though close to Jindal Saw at Rs 19,943.06 crore and above Sarda Energy & Minerals at Rs 19,266.45 crore in the wider benchmark set. The peer picture suggests the company commands a higher multiple than many larger steel names while offering mid-range profitability rather than category-leading returns.

Technical Snapshot

From a trend perspective, the stock remains above its 50-day moving average of Rs 2,504.62 and its 200-day moving average of Rs 2,442.95, despite today’s decline. That means the latest move lower has happened while the stock is still above both medium-term and long-term reference levels supplied in the data.

The RSI stands at 65.67. On its own, that figure simply adds another technical reference point for readers tracking the stock’s current setup. Combined with the price being above both the 50 DMA and 200 DMA, it shows that the latest session weakness is occurring within a broader level structure that is still above those moving-average benchmarks.

Why Investors Are Watching Ratnamani Metals & Tubes

• The stock fell 2.33% today to Rs 2,742.70, with the current price also at the day’s low.
• Ratnamani Metals & Tubes Share Price remains above its 50 DMA of Rs 2,504.62 and 200 DMA of Rs 2,442.95.
• The company trades at a P/E of 45.47 and P/B of 4.71, both above industry median and average levels.
• Profitability remains solid, with ROE at 13.89% and ROCE at 18.01%, both above sector benchmark medians.
• Its Rs 20,064.19 crore market capitalisation keeps it relevant within the Large Cap segment and the Steel & Iron Products industry.

About Ratnamani Metals & Tubes

Ratnamani Metals & Tubes operates in the Iron & Steel sector and is classified within the Steel & Iron Products industry. In market terms, it is a Large Cap company with a market capitalisation of Rs 20,064.19 crore. That industry placement matters because the stock is being assessed not only on today’s decline, but also on where its valuation and profitability stand within the broader steel products space.

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Frequently Asked Questions

Why did Ratnamani Metals & Tubes Share Price fall today?

Ans. The supplied data confirms that Ratnamani Metals & Tubes Share Price fell 2.33% today to Rs 2,742.70 from the previous close of Rs 2,808. However, the data does not identify any company-specific catalyst behind the move.

What is Ratnamani Metals & Tubes Share Price today?

Ans. Ratnamani Metals & Tubes Share Price today stood at Rs 2,742.70 at the time of the data snapshot. The stock was down Rs 65.30, or 2.33%, compared with its previous close of Rs 2,808.

What does today’s price action indicate for the stock?

Ans. The stock opened at Rs 2,800.05, which was also the day’s high, and then moved down to Rs 2,742.70, the day’s low and current price. That shows sustained intraday weakness rather than a broad recovery during the session.

Is Ratnamani Metals & Tubes a large-cap company?

Ans. Yes, the company is classified as a Large Cap stock in the supplied data. Its market capitalisation stood at Rs 20,064.19 crore, placing it well above the industry median market capitalisation of Rs 313.76 crore.

Is Ratnamani Metals & Tubes expensive compared with its industry?

Ans. On the supplied valuation metrics, the stock appears richer than the same-industry benchmark. Its P/E is 45.47 versus a median of 20.98 and average of 36.99, while its P/B is 4.71 versus 1.69 and 2.28.

How strong are Ratnamani Metals & Tubes fundamentals?

Ans. The company shows solid profitability with ROE of 13.89% and ROCE of 18.01%. EPS stands at 61.76, book value per share is Rs 595.90, and dividend yield is 0.36%, giving investors a fuller fundamental snapshot.

How does Ratnamani Metals & Tubes compare with major steel peers?

Ans. Ratnamani trades at a higher P/E than JSW Steel, Tata Steel, SAIL, Welspun Corp, and Jindal Stainless. Its ROE and ROCE are stronger than some peers, but they do not lead the full peer group on the supplied data.

What sector does Ratnamani Metals & Tubes belong to?

Ans. Ratnamani Metals & Tubes belongs to the Iron & Steel sector and is classified under the Steel & Iron Products industry. The same-industry benchmark used here covers 140 companies, offering a broad basis for comparison.

What should investors monitor next?

Ans. Investors may track whether the stock stabilises after today’s fall, while also watching valuation versus peers, profitability metrics such as ROE and ROCE, and the stock’s position relative to its 50 DMA and 200 DMA.