The historical rank and industry rank for Ratnamani Metals & Tubes's Net Margin % or its related term are showing as below:
NSE:RATNAMANI'
s Net Margin % Range Over the Past 10 Years
Min: 8.59 Med: 10.62 Max: 12.39
Current: 10.74
NSE:RATNAMANI's Net Margin % is ranked better than 88.22% of 611
companies
in the Steel industry
Industry Median: 1.86
vs NSE:RATNAMANI: 10.74
Ratnamani Metals & Tubes (NSE:RATNAMANI) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Ratnamani Metals & Tubes Net Margin % Related Terms
Ratnamani Metals & Tubes Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:RATNAMANI vs NUE, STLD, RS: Net Margin % Comparison
For the Steel subindustry, Ratnamani Metals & Tubes's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ratnamani Metals & Tubes Net Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's Net Margin % distribution charts can be found below:
* The bar in red indicates where Ratnamani Metals & Tubes's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a Net Margin % of 9.65% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Ratnamani Metals & Tubes and its competitors. This is near median its historical median of 10.62. Over the past decade, Ratnamani Metals & Tubes' Net Margin % has ranged from 8.59 to 12.39. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #72 out of 611 companies in the Steel industry, placing it in the top 11.8%.
Is Ratnamani Metals & Tubes' Net Margin % too high?
Ratnamani Metals & Tubes' current Net Margin % of 9.65% is near median its 10-year median of 10.62. Over the past 10 years, this metric has ranged from a low of 8.59 to a high of 12.39. The Steel industry median Net Margin % is 1.86. Ratnamani Metals & Tubes' value of 9.65% is 418.8% above this industry median. Based on the distribution chart, Ratnamani Metals & Tubes ranks #72 out of 611 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ratnamani Metals & Tubes has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' Net Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #72 out of 611 companies for Net Margin %. This places Ratnamani Metals & Tubes in the top 12% of its industry — outperforming the majority of peers. The industry median Net Margin % is 1.86. Ratnamani Metals & Tubes' value of 9.65% is 418.8% above this benchmark. Historically, Ratnamani Metals & Tubes' own Net Margin % has ranged from 8.59 to 12.39 over the past decade. While the company's 10-year median is 10.62 vs. the industry median of 1.86, Ratnamani Metals & Tubes has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Steel company?
The median Net Margin % among Steel companies is 1.86, based on 611 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ratnamani Metals & Tubes's current Net Margin % of 9.65% is 418.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Ratnamani Metals & Tubes and its competitors. For the Steel industry, the median Net Margin % is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnamani Metals & Tubes's current Net Margin % is 9.65%, which is near median its own 10-year median of 10.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,638.70, compared to a current price of ₹2,510.00 — trading 4.9% below its estimated fair value. The current Net Margin % is 9.65%, which is near median its 10-year median of 10.62 and 418.8% above the Steel industry median of 1.86. Ratnamani Metals & Tubes' overall GF Score™ is 96/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Ratnamani Metals & Tubes (NSE:RATNAMANI), the current Net Margin % is 9.65% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be undervalued.
The current stock price of ₹2,510.00 is trading 4.9% below its estimated GF Value™ of ₹2,638.70.
GuruFocus considers Ratnamani Metals & Tubes to be Fairly Valued.
Key valuation signals for NSE:RATNAMANI:
Net Margin %: 9.65% (near median its 10-year median of 10.62)
GF Value™: ₹2,638.70 vs. price of ₹2,510.00 (4.9% below fair value)
Industry Position: 418.8% above the Steel median (#72 of 611)
No single metric tells the full story. See the NSE:RATNAMANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressThe First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
96GF Score
Get the complete analysis for NSE:RATNAMANI
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:RATNAMANI has been successfully added to your 
