| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 626 | 741 | 740 | 689 | 599 | 632 | 771 | 643 | 591 | 591 | 454 | 705 | 534 | 721 | 938 | 984 | 985 | 910 | 1,106 | 1,506 | 1,183 | 1,142 | 1,273 | 1,535 | 1,196 | 991 | 1,335 | 1,724 | 1,182 | 1,219 |
| Expenses | 519 | 614 | 628 | 588 | 485 | 494 | 648 | 533 | 504 | 495 | 361 | 537 | 441 | 600 | 796 | 806 | 846 | 755 | 900 | 1,199 | 969 | 886 | 1,057 | 1,250 | 1,020 | 818 | 1,113 | 1,413 | 964 | 980 |
| EBITDA | 107 | 127 | 112 | 102 | 114 | 138 | 123 | 110 | 86 | 96 | 94 | 168 | 93 | 121 | 141 | 179 | 140 | 155 | 207 | 307 | 215 | 256 | 216 | 285 | 176 | 173 | 223 | 311 | 218 | 238 |
| Operating Profit % | 15 % | 16 % | 14 % | 14 % | 18 % | 19 % | 14 % | 15 % | 13 % | 14 % | 18 % | 23 % | 16 % | 16 % | 14 % | 17 % | 13 % | 16 % | 18 % | 20 % | 18 % | 22 % | 16 % | 16 % | 14 % | 16 % | 15 % | 18 % | 16 % | 18 % |
| Depreciation | 16 | 16 | 16 | 15 | 14 | 14 | 15 | 15 | 14 | 14 | 13 | 15 | 19 | 19 | 19 | 23 | 19 | 19 | 20 | 25 | 24 | 24 | 25 | 25 | 26 | 26 | 27 | 29 | 32 | 32 |
| Interest | 5 | 4 | 4 | 2 | 4 | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 5 | 5 | 5 | 6 | 5 | 5 | 8 | 14 | 10 | 11 | 13 | 12 | 10 | 14 | 8 | 7 | 11 | 7 |
| Profit Before Tax | 87 | 107 | 93 | 85 | 96 | 118 | 102 | 90 | 67 | 76 | 74 | 147 | 68 | 96 | 118 | 149 | 116 | 132 | 178 | 268 | 181 | 221 | 178 | 248 | 140 | 134 | 188 | 276 | 176 | 199 |
| Tax | 29 | 37 | 30 | 22 | 33 | 42 | 1 | 23 | 17 | 19 | 14 | 37 | 18 | 25 | 29 | 37 | 29 | 33 | 44 | 75 | 46 | 57 | 45 | 55 | 35 | 34 | 55 | 73 | 49 | 43 |
| Net Profit | 58 | 69 | 63 | 63 | 63 | 77 | 101 | 67 | 50 | 57 | 60 | 109 | 50 | 72 | 89 | 112 | 87 | 99 | 134 | 193 | 135 | 164 | 133 | 193 | 106 | 99 | 133 | 203 | 127 | 156 |
| EPS in ₹ | 12.34 | 14.83 | 13.43 | 13.52 | 13.42 | 16.36 | 21.62 | 14.42 | 10.64 | 12.14 | 12.88 | 23.41 | 10.79 | 15.30 | 19.07 | 23.89 | 12.40 | 14.09 | 19.13 | 27.47 | 19.24 | 23.45 | 18.94 | 27.55 | 15.11 | 14.17 | 19.00 | 28.99 | 18.81 | 19.43 |
Ratnamani Metals & Tubes
Ratnamani Metals & Tubes
2,299.70
-43.90
(-1.87%)
Key Fundamentals
Market Cap
16,119.06 Cr
EPS
77.27
PE Ratio
26.58
Dividend Yield
0.60 %
Industry
Industrial Products 52 Week High
3,693.80
52 Week Low
2,256.00
PB Ratio
4.25
Debt to Equity
0.05
Sector
Iron & Steel Products Analyst Rating and Forecast
- By Refinitiv from6 analysts
Actual
Company News
View All News
Ratnamani Metals Reports Strong Q2 Performance with 23% Consolidated Revenue Growth9 days ago
Ratnamani Metals achieved consolidated revenue of INR 1,191 crores in Q2, reflecting 23% growth, while standalone revenue reached INR 940 crores with 5% increase, driven by strong performance from subsidiaries RTL and RFSS. The company maintains EBITDA guidance of 16-18% despite domestic market challenges and expects to reach INR 7,500 crores consolidated revenue in next 2-3 years through ongoing expansion projects.
Ratnamani Metals & Tubes Limited reported consolidated revenue of ₹1,191.69 crores for Q2 2025-26, marking a 23% year-on-year growth compared to ₹971.33 crores in Q2 2024-25. On a standalone basis, revenue grew 5% to ₹939.56 crores from ₹897.51 crores. The company maintained EBITDA margins at 20% on consolidated basis and 18.5% on standalone basis. Consolidated PAT increased to ₹156.04 crores from ₹99.35 crores, while standalone PAT rose to ₹108.19 crores from ₹102.46 crores. Key operational milestones included commissioning of Phase I of the Odisha spiral welded pipe plant, with Phase II expected by year-end. The company pioneered hydrogen-compliant carbon steel welded pipes supply in India and received API Monogram certification for its Kutch plant. Subsidiary RaviTechnoforge achieved ₹95.6 crores revenue with 40% growth, while Ratnamani Finow Spooling Solutions recorded ₹110 crores revenue. The Saudi Arabia subsidiary obtained commercial registration to establish stainless steel manufacturing facilities.
Ratnamani Metals & Tubes Limited reported a net profit of ₹108.19 crore for the quarter ended September 30, 2025, compared to ₹102.46 crore in the same period last year. Revenue from operations increased to ₹939.56 crore from ₹927.11 crore year-on-year. For the half-year period, net profit rose to ₹253.15 crore from ₹207.72 crore in the previous year, while revenue grew to ₹2,071.96 crore from ₹2,039.55 crore. The company's earnings per share for the quarter stood at ₹15.44. During the quarter, the company acquired 40,000 equity shares of subsidiary Ratnamani Trade EU AG from minority shareholder Technoenergy AG for EUR 4,00,000, making it a wholly-owned subsidiary. The company also amended its agreement with Ravi Technoforge Private Limited, capping its shareholding at 75% and reducing it from 80.017% to 75.00%.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,727.80 | #1 47,970.00 | 45.56 | 20,785.60 | 14.25 | 757 | #1 460.41 | 41.36 | |
826.20 | 23,061.87 | 24.12 | 15,368.10 | #1 15.08 | 909 | 20.77 | 32.60 | |
867.90 | 22,878.44 | 10.75 | 14,167.30 | -19.42 | #1 1,902 | 56.71 | 42.50 | |
241.70 | 16,184.64 | 23.11 | 5,471.70 | -1.47 | 813 | 1.38 | 35.87 | |
2,299.70 | #5 16,119.06 | #7 26.58 | #7 5,246.10 | #4 2.22 | #7 542 | #4 57.10 | 35.90 | |
594.05 | 14,333.29 | 30.03 | 4,308.30 | 1.75 | 401 | 81.80 | 48.49 | |
432.30 | 13,173.99 | 33.17 | 3,513.50 | 7.59 | 406 | 0.46 | 39.68 | |
163.80 | 10,475.14 | #1 9.49 | #1 20,947.80 | -0.84 | 1,458 | -70.84 | 28.83 | |
572.05 | 7,665.43 | 9.75 | 5,465.90 | -1.45 | 777 | -43.14 | 49.65 | |
73.67 | 7,153.34 | 19.56 | 2,666.90 | -12.30 | -94 | 407.31 | 48.80 |
Growth Rate
Revenue Growth
2.22 %
Net Income Growth
-13.36 %
Cash Flow Change
4.89 %
ROE
-23.97 %
ROCE
-22.26 %
EBITDA Margin (Avg.)
-11.00 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,227 | 1,319 | 1,414 | 1,747 | 2,053 | 2,545 | 2,617 | 2,963 | 3,780 | 4,020 | 4,906 |
| Fixed Assets | 425 | 446 | 448 | 445 | 440 | 500 | 865 | 875 | 1,122 | 1,164 | 1,348 |
| Current Assets | 736 | 817 | 911 | 1,241 | 1,418 | 1,641 | 1,655 | 1,965 | 2,533 | 2,666 | 3,303 |
| Capital Work in Progress | 42 | 48 | 38 | 47 | 179 | 372 | 76 | 107 | 101 | 167 | 190 |
| Investments | 20 | 24 | 74 | 0 | 203 | 155 | 637 | 109 | 135 | 89 | 180 |
| Other Assets | 741 | 801 | 854 | 1,255 | 1,231 | 1,518 | 1,039 | 1,873 | 2,422 | 2,601 | 3,188 |
| Total Liabilities | 1,227 | 1,319 | 1,414 | 1,747 | 2,053 | 2,545 | 2,617 | 2,963 | 3,780 | 4,020 | 4,906 |
| Current Liabilities | 262 | 225 | 178 | 396 | 487 | 618 | 427 | 566 | 861 | 600 | 997 |
| Non Current Liabilities | 56 | 48 | 48 | 43 | 43 | 217 | 202 | 149 | 244 | 204 | 244 |
| Total Equity | 909 | 1,045 | 1,188 | 1,309 | 1,523 | 1,709 | 1,988 | 2,248 | 2,676 | 3,216 | 3,665 |
| Reserve & Surplus | 900 | 1,036 | 1,178 | 1,300 | 1,513 | 1,700 | 1,978 | 2,239 | 2,590 | 3,127 | 3,623 |
| Share Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 14 | 14 | 14 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 23 | -35 | 3 | -10 | 137 | -96 | -3 | 0 | -10 | 173 | 18 |
| Investing Activities | -52 | -11 | -104 | 21 | -360 | -358 | -470 | 418 | -204 | -146 | -388 |
| Operating Activities | 149 | 155 | 135 | -73 | 554 | 215 | 546 | -283 | 311 | 511 | 536 |
| Financing Activities | -74 | -179 | -28 | 42 | -56 | 47 | -79 | -135 | -116 | -193 | -130 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Jul 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 60.16 % | 60.16 % | 60.16 % | 60.16 % | 60.16 % | 60.16 % | 60.16 % | 60.10 % | 60.10 % | 60.06 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % | 59.77 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 12.87 % | 0.00 % | 12.87 % | 12.61 % | 12.71 % | 11.55 % | 11.62 % | 11.28 % | 11.15 % |
| DIIs | 14.19 % | 14.01 % | 15.10 % | 15.85 % | 16.09 % | 16.29 % | 16.24 % | 16.18 % | 16.34 % | 16.39 % | 16.40 % | 16.47 % | 16.17 % | 16.13 % | 16.58 % | 16.76 % | 18.74 % | 18.80 % | 19.19 % | 18.79 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.01 % | 0.02 % | 0.02 % | 0.02 % | 0.02 % | 0.02 % |
| Public / Retail | 12.52 % | 11.65 % | 10.75 % | 9.94 % | 9.65 % | 9.41 % | 9.41 % | 9.27 % | 9.23 % | 8.96 % | 9.12 % | 9.06 % | 9.09 % | 9.29 % | 9.18 % | 8.96 % | 8.28 % | 8.14 % | 8.13 % | 8.47 % |
| Others | 13.12 % | 14.17 % | 13.98 % | 14.05 % | 14.10 % | 14.14 % | 14.19 % | 14.44 % | 14.33 % | 14.58 % | 14.71 % | 1.82 % | 14.97 % | 1.93 % | 1.84 % | 1.79 % | 1.64 % | 1.64 % | 1.62 % | 1.79 % |
| No of Share Holders | 12,161 | 16,557 | 16,352 | 16,310 | 16,830 | 18,744 | 18,906 | 20,287 | 20,184 | 27,403 | 26,561 | 28,778 | 34,253 | 39,190 | 39,503 | 38,493 | 33,802 | 33,430 | 32,422 | 40,486 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 5.5 | 6 | 9 | 12 | 14 | 14 | 12 | 14 | 14 |
| Dividend Yield (%) | 0.00 | 0.97 | 0.99 | 1.49 | 0.95 | 0.54 | 0.72 | 0.43 | 0.54 | 0.61 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Sept 2021 |  Dividend | ₹ 14.00 /share | 17 Sept 2021 | 1,277.61 | 1,462.61 |
| 01 Jul 2022 |  Bonus | 1:2 | 30 Jun 2022 | 2,614.20 | 1,648.70 |
| 03 Aug 2022 | Dividend | ₹ 9.33 /share | 01 Aug 2022 | 2,566.05 | 1,804.20 |
| 28 Jul 2023 | Dividend | ₹ 12.00 /share | 27 Jul 2023 | 2,266.80 | 2,591.10 |
| 21 Aug 2024 | Dividend | ₹ 14.00 /share | 20 Aug 2024 | 3,160.00 | 3,488.15 |
| 27 Aug 2024 |  Annual General Meeting | NA | 27 Aug 2024 | 3,160.00 | 3,524.35 |
| 14 Nov 2024 |  Quarterly Result Announcement | NA | 14 Nov 2024 | 3,631.30 | 3,502.80 |
| 12 Feb 2025 | Quarterly Result Announcement | NA | 12 Feb 2025 | 2,857.45 | 2,602.25 |
| 01 Aug 2025 | Quarterly Result Announcement | NA | 01 Aug 2025 | 2,800.95 | 2,648.70 |
| 02 Sept 2025 | Dividend | ₹ 14.00 /share | 02 Sept 2025 | 2,789.65 | 2,400.50 |
| 09 Sept 2025 | Annual General Meeting | NA | 09 Sept 2025 | 2,789.65 | 2,372.65 |
| 07 Nov 2025 | Quarterly Result Announcement | NA | 07 Nov 2025 | 2,431.50 | 2,421.45 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 10, 2025
Nov 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 10, 2025
Nov 10, 2025Submission Of The Unaudited Financial Results (Standalone And Consolidated) Along With The Limited Review Report For The Quarter And Half Year Ended On September 30 2025 Under Regulation 33 Of The SEBI (LODR) Regulations 2015.Nov 07, 2025
Nov 07, 2025Submission Of The Unaudited Financial Results (Standalone And Consolidated) Along With The Limited Review Report For The Quarter And Half Year Ended On September 30 2025 Under Regulation 33 Of The SEBI (LODR) Regulations 2015.Nov 07, 2025
Nov 07, 2025Board Meeting Outcome for OUTCOME OF BOARD MEETING - FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON SEPTEMBER 30 2025Nov 07, 2025
Nov 07, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 31, 2025
Oct 31, 2025Closure of Trading WindowOct 30, 2025
Oct 30, 2025Board Meeting Intimation for Intimation Of Board Meeting Date For The Consideration And Approval Of The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended On September 30 2025 And The Closure Of The Trading Window.Oct 30, 2025
Oct 30, 2025Reply To Clarification Sought With Respect To Significant Increase In Volume Of Equity SharesOct 28, 2025
Oct 28, 2025Clarification sought from Ratnamani Metals & Tubes LtdOct 28, 2025
Oct 28, 2025ESG Ratings Assigned By CFC Finlease Private LimitedOct 14, 2025
Oct 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Updates on AcquisitionSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 20, 2025
Sep 20, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 18, 2025
Sep 18, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 17, 2025
Sep 17, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 10, 2025
Sep 10, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 09, 2025
Sep 09, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsSep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 26, 2025
Aug 26, 2025100 Days Campaign On Saksham Niveshak" For The Updation Of KYC And Other Related Information And Shareholders Engagement To Prevent Transfer Of Unpaid / Unclaimed Dividend Amounts And Shares To The IEPFAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Letter To The Shareholders For Providing Web-Link Of The Notice Of The 41St AGM And The Annual Report For The FY 2024-25 And Also A Reminder To Update KYC Details Pursuant To The SEBIS Master Circular No.SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/91 Dated June 23Aug 12, 2025
Aug 12, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 12, 2025
Aug 12, 2025Reg. 34 (1) Annual Report.Aug 12, 2025
Aug 12, 2025Submission Of The Annual Report For The FY 2024-25 And The Notice Convening 41St Annual General Meeting Of The CompanyAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 01, 2025
Aug 01, 2025Submission Of The Unaudited Financial Results (Standalone And Consolidated) Along With The Limited Review Report For The Quarter Ended On June 30 2025 Under Regulation 33 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 01, 2025
Aug 01, 2025Board Meeting Outcome for Submission Of The Unaudited Financial Results (Standalone And Consolidated) Along With The Limited Review Report For The Quarter Ended On June 30 2025 Under Regulation 33 Of The SEBI (Listing Obligations And Disclosure RequiremenAug 01, 2025
Aug 01, 2025Closure of Trading WindowJul 23, 2025
Jul 23, 2025Board Meeting Intimation for Intimation Of Board Meeting Date For The Consideration And Approval Of The Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended On June 30 2025 And The Closure Of Trading WindowJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 14, 2025
Jul 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 09, 2025
Jul 09, 2025Announcement under Regulation 30 (LODR)-DemiseJul 02, 2025
Jul 02, 2025Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Jun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Cut-Off Date / Record Date For Remote E-Voting For The Ensuing 41St Annual General MeetingJun 24, 2025
Jun 24, 2025Intimation Of The Record Date Pursuant To Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Jun 24, 2025
Jun 24, 2025Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations 2011Jun 16, 2025
Jun 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 13, 2025
Jun 13, 2025Mutual Fund Holdings
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DSP Top 100 Equity Direct Plan-Growth Technical Indicators
RSI(14)
Neutral 35.90
ATR(14)
Less Volatile 64.99
STOCH(9,6)
Neutral 27.99
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -15.87
ADX(14)
Strong Trend 29.37
UO(9)
Bearish 31.06
ROC(12)
Downtrend And Accelerating -6.03
WillR(14)
Oversold -95.38
About Ratnamani Metals & Tubes
Ratnamani Metals & Tubes Limited (RMTL) is a public limited company incorporated in 1985 that provides piping solutions to various industries. The company manufactures a diverse range of products including stainless steel tubes and pipes, carbon steel pipes, nickel alloy tubes, titanium welded tubes, and induction bends. RMTL has manufacturing facilities in Kutch, Indrad, and Chhatral, Gujarat, serving domestic and international markets across Asia-Pacific, Europe, Middle East, and America. The company has expanded its product portfolio and production capabilities over the years, including the commissioning of new facilities for L-SAW pipe manufacturing, ERW pipe production, and stainless steel hot extrusion. In 2022, RMTL acquired a majority stake in Ravi Technoforge Private Limited. The company caters to various sectors including oil and gas, refinery, petrochemical, power generation, defense, and aerospace.
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Chairperson NameP M Sanghvi
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