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RATNAMANI · Industrials · 2026-08-07

Ratnamani Metals and Tubes Ltd

Stage 3 · wk 3In scan: Breakout WatchMARKET: BULL TOPPING · 2026-08-07
₹2,197.6
-7.30% today
₹15,403 Cr · Mid cap
About this companyIndustrials· Building Products - Pipes
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Ratnamani Metals & Tubes Limited manufactures and sells stainless steel pipes and tubes, and carbon steel pipes in India and internationally. The company's stainless-steel products include seamless heat exchanger tubes, boiler tubes, instrumentation tubes, seamless pipes, heater pipes, seamless integral low-finned tubes, hollow bars, and coil tubes; and welded tubes and pipes, such as titanium welded tubes, seam-welded integral low, finned tubes, coil tubes, square and rectangular pipes, stainless steel 3lpe / pp /, and aro coated pipes. It also provides nickel alloy seamless heat exchanger and instrumentation tubes, and nickel alloy seamless pipes; titanium welded tubes; induction bending; and carbon steel products, such as high frequency electric resistance and submerged arc welded pipes. In addition, the company offers pipe coating solutions comprising external three-layer polyethylene/polypropylene coating and single/dual-layer fusion bonded epoxy coating; and internal coating solutions, such as internal liquid epoxy and cement mortar lining coatings. Further, it is involved in the generation of power from windmills. The company offers its products for various industries and applications, such as oil and gas exploration, LNG, food and dairy, fertilizer plants, thermal, solar and nuclear plants, defence, automobile, chemical, power plants, CNG, sugar, pulp and paper, petrochemicals and refineries, atomic energy, aerospace, desalination plants, pharmaceutical, marine, cross-country pipeline for gas and water, pipes for engineering purpose, booster compressors and dispensers, water distribution pipelines, plumbing and heating, city gas distribution, structural pipe systems, sewerage, dredging pipes, mining pipes, air duct pipes, high mast pipes for windmill towers, and general purpose applications. The company was incorporated in 1983 and is headquartered in Ahmedabad, India.

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P/E (TTM)
37.6
Forward 26.6
Earnings Growth (YoY)
-48.5%
Revenue -36.8%
ROE
+13.6%
Profit margin +10.7%
Dividend Yield
0.39%
P/B 4.4
vs 52W High
-27.9%
₹1,946.4 lo₹3,046.2 hi
27.9% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 3
1w13w26w
Week 3 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-8.9%
200 DMA: ₹2,413.4 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
10.32x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
MA20 rolling over · -4.0% vs MA50 -3.7%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Industrials
↓ Peaking
Stage 2%
36.4%
20d Δ
-2.5pp
1M return
+3.2%
3M return
+5.3%
Sector Stage-2 % · last 20 days
Sector has 157 Stage 2 leaders. See Industrials Stage 2 →
Industry
Building Products - Pipes
↑ Building
Stage 2%
30.4%
20d Δ
+4.3pp
1M return
+3.7%
3M return
-4.2%
Industry Stage-2 % · last 20 days
Industry has 7 Stage 2 leaders. See Building Products - Pipes Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-15 → 2026-08-07
S2 39w
S2 25w
S4 18w
S4 14w
2023-05-152026-08-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 39w → S3 10w → S4 4w → S1 1w → S2 25w → S3 7w → S4 18w → S1 12w → S4 14w → S1 4w → S4 13w → S1 6w → S2 11w → S3 2w current
Total tracked: 168 weeks across 14 stage runs.
1M
-16.6%
3M
-23.4%
6M
+5.9%
YTD
-6.4%
1Y
-17.8%
Scan Membership
Breakout Watch
Latest: 2026-05-04
2 appearances in last 60 days. First seen: 2024-05-31.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-07S3
Wk 3 · Vol x
2026-08-06S3
Wk 3 · Vol x
2026-08-05S3
Wk 2 · Vol x
2026-08-04S3
Wk 2 · Vol x
2026-08-03S3
Wk 2 · Vol x
2026-07-31S3
Wk 2 · Vol x
2026-07-30S3
Wk 2 · Vol x
2026-07-29S3
Wk 1 · Vol x
2026-07-28S3
Wk 1 · Vol x
2026-07-27S3
Wk 1 · Vol x
2026-07-24S3
Wk 1 · Vol x
2026-07-23S32→3
Wk 1 · Vol x
Sector Peers — Stage 2All →
DIACABS
wk 12 · 0.0% from hi
9.6
ATALREAL
wk 13 · 0.0% from hi
9.3
KAPSTON
wk 10 · -1.5% from hi
9.0
IL&FSENGG
wk 8 · -0.3% from hi
8.9
KABRAEXTRU
wk 7 · -6.1% from hi
8.8
Moving averages & range
50 DMA
₹2,538.8
200 DMA
₹2,413.4
52W High
₹3,046.2
52W Low
₹1,946.4
5D Low
₹2,197.6
Resistance levels (recent highs)
20d High
₹2,656.8
60d High
₹2,888.6
120d High
₹3,046.2
250d High
₹3,046.2
Next resistance
+20.9%
to 20d High

All analytics based on EOD data. Data as of 2026-08-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.