Ratnamani Metals & Tubes Ltd: Value and Growth StocksJan 30, 2015
Ratnamani Metals & Tubes Ltd is a growing company. It export 40% of its product. It is a quality company for manufacturing Steel and Carbon pipes and tubes.
Over the span of nearly 3 decades, Ratnamani has grown to become a multi-location, multi-product Company providing critical tubing and piping solutions to diverse range of industries & niche markets in core sectors v.i.z. Chemical, Petro-chemical, Refinery, Fertilizer, Thermal Power, Nuclear Power, Oil & Gas, Water Distribution, Sugar, Food & Dairy, Paper, Pharmaceutical, Automobile, Aeronautics & Space…… Ratnamani has an impressive clientele comprising major public, private and joint sector Companies in the country who are leaders in their respective segments.
It is a dividend paying company. Recently reduced its debt due to strong growth. Dec quarter result were impressive on sales front. On margin front, it is little down. Seeing strong recovery in domestic market, we can expect it to product better result due to strong domestic demand.
CMP: Rs 697.10,
It is a buy call with add on any dip coming to the stock.