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Ratnamani Metals & Tubes Ltd. has released its audited financial results for the fiscal year ended March 31, 2026. The company reported a consolidated net profit of ₹482.55 crore, supported by consolidated revenues that reached ₹4,493.96 crore.
The Board of Directors has recommended a dividend of ₹10 per equity share, representing a 500% payout on face value. This recommendation is subject to shareholder approval at the upcoming Annual General Meeting (AGM). In governance matters, the company confirmed the re-appointment of M/s. G. K. Choksi & Co. as its Internal Auditors and M/s. N. D. Birla & Co. as its Cost Auditors for the financial year 2026-27.
This performance marks an increase from the previous fiscal year. For the year ended March 31, 2025, Ratnamani Metals & Tubes had reported consolidated revenue of ₹3,993.91 crore and a consolidated net profit of ₹378.27 crore.
Ratnamani Metals & Tubes is a prominent manufacturer of stainless steel pipes and tubes, as well as carbon steel pipes and tubes. Its products serve critical sectors including oil & gas, petrochemicals, power generation, water supply, and construction.
Shareholders will consider the proposed ₹10 dividend at the 42nd AGM, expected on August 18, 2026. If approved, dividend payments are scheduled by September 17, 2026. Investors will also be watching for management commentary on the outlook for FY27 and any new order inflows.
The company operates within a competitive market. Key competitors include Welspun Corp Ltd, a major global pipes and plates manufacturer, and APL Apollo Tubes Ltd, a leader in structural steel tubes. Jindal Saw Ltd also competes in pipes for oil & gas and water infrastructure.