Q4 2026 Ratnamani Metals and Tubes Ltd Earnings Call Transcript
Key Points
- Ratnamani Metals & Tubes Ltd (BOM:520111) demonstrated strong operational resilience despite challenging market conditions, maintaining profitability margins and absolute EBITDA in line with the previous year.
- The company remains debt-free on a standalone basis, providing financial stability and flexibility.
- Ravi Technoforge, a subsidiary, achieved a revenue growth of 28% in the quarter and 33% for the full year, driven by both exports and domestic markets.
- Ratnamani Finow Spooling Solutions, another subsidiary, registered a 60% revenue growth in the quarter, with a strong order inflow and improving execution efficiencies.
- The company has a robust order book of INR2,160 crore as of May 1, 2026, with significant contributions from exports, providing good revenue visibility for the future.
- The company faced muted demand conditions and adverse geopolitical developments in the Middle East, impacting order booking and project execution.
- Standalone sales for Q4 decreased to INR893 crore from INR1,575 crore in the previous year, primarily due to lower volumes in the Carbon Steel division.
- The Stainless Steel division faces increased competition, with many carbon steel companies entering the stainless steel space, potentially impacting profitability.
- Order booking remained moderate during the quarter due to delayed project cycles arising from the current global situation.
- The company recommended a lower dividend of INR10 per share, reflecting the need for resource conservation amid challenging times.
Ladies and gentlemen, good day, and welcome to the Ratnamani Metals & Tubes Limited Q4 FY26 earnings call hosted by Monarch Networth Capital Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you, and over to you, sir.
Thank you, Ark. Good evening to everyone. On behalf of Monarch Networth Capital, we welcome you all to the 4Q FY26 earnings conference call of Ratnami Metals & Tubes. We are delighted to host the management of Ratnamani. And from their side, we have Mr. Manoj Sanghvi, the Chief Executive Officer; and Mr. Vimal Katta, the Chief Financial Officer.
So without taking much time, I'll hand over the call to Mr. Manoj Sanghvi for opening remarks. Thank you, and over to you, sir.
Yes. Thank you, Sahil. Good evening,
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