Ratnamani Metals & Tubes shares jump 18% on securing export orders worth ₹2,700 crore

Worth $286 million (approximately ₹2,700 crore), the company, in a regulatory filing, said that its subsidiary Ratnamani Finow Spooling Solutions Private Limited has received export orders for the supply of spools and hangers.

“It may be noted that the orders would be partly manufactured in its plant and would partly be sub-contracted and sold on Mercantile Trade Transaction basis,” Ratnamani Metals said in a regulatory filing.

Though the company did not specify the name of the ordering entity, it said that the client is an international customer of the subsidiary firm Ratnamani Finow Spooling Solutions.

The project is expected to be completed over a period of two to three years.

At the end of June 30, 2026 (Q1 FY27), Ratnamani’s order book increased to over ₹2,000 crore.

Ratnamani Metals Q1 earnings

The company had reported a consolidated net profit of ₹82 crore for the April-June quarter (Q1 FY27), marking a decline of 38% from ₹132 crore logged in the same period last year.

Its revenue from operations declined 16% to ₹972 crore in the June quarter, as against ₹1,152 crore registered in the year-ago period.

In Q1 FY27, the iron and steel products’ makers' profitability at the standalone level was impacted by lower sales volumes and under-absorption of fixed costs, while improved performance of the subsidiaries supported consolidated profitability.

Ratnamani Metals’ operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), slipped 14% to ₹162 crore as compared to ₹189 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded marginally to 16.67% in the reporting quarter from 16.41% in Q1 FY26.

Ratnamani Metals & Tubes share price trends

At 15:08 PM, Ratnamani Metals shares were trading at ₹2,700 apiece on the National Stock Exchange, rising 14.68%. The stock closed 14.55% higher at ₹2,697 on Monday.

From the beginning of the year, Ratnamani Metals shares have gained 12%. Over a month’s time, the stock has jumped 12%, while it has surged 8% in the past six months.

Shares of the firm had hit a 52-week high of ₹3,345 on May 11, 2026, and a 52-week low of ₹1,936.50 on February 11, 2026.

Founded in 1983, Ratnamani Metals & Tubes Ltd is headquartered in Ahmedabad, Gujarat. The company is a leading Indian manufacturer of high-quality stainless steel and carbon steel pipes and tubes. It serves critical global and domestic sectors, including oil and gas, refineries, petrochemicals, nuclear and thermal power, aerospace, and water infrastructure.

According to NSE data, as of August 24, 2026, Ratnamani Metals has a total market capitalisation of ₹18,910.82 crore.