Ratnamani Metals & Tubes shares extended their sharp rally on Tuesday, rising as much as 5.45% to hit an intraday high of ₹2,843.90 on the NSE. According to The Economic Times, the stock has now gained around 21% across two trading sessions, following an 18% intraday jump on Monday after the company announced that its subsidiary secured export orders worth ₹2,700 crore. The stock was already trading more than 6% higher in Monday's session before the official announcement, demonstrating sustained investor interest in the international business expansion. The shares have gained 19.06% over the past week, showing consistent momentum in the company's export-focused strategy.
Ratnamani Metals & Tubes announced that its subsidiary, Ratnamani Finow Spooling Solutions, has secured significant export orders worth ₹2,700 crore. As per The Economic Times, the orders are for the supply of spools and hangers, representing a substantial international business opportunity for the company. The company stated that international customers placed the orders, which will be executed over a period of two to three years. A portion of the products will be manufactured at the subsidiary's plant, while the rest will be fulfilled through subcontracting and mercantile trade transactions. The company expects the win to strengthen the subsidiary's export and revenue visibility over the next two to three years.
The orders will be executed over a period of two to three years, as reported by The Economic Times. The company will employ a hybrid manufacturing approach, partly manufacturing the products in its own plant while partly sub-contracting the work to third parties. This strategy allows Ratnamani Finow Spooling Solutions to leverage both in-house capabilities and external manufacturing partners to meet the contract requirements. The company confirmed that the orders were received in the ordinary course of business, adding that the promoter group has no interest in the ordering entities and that the contracts do not constitute related-party transactions.
The export orders come at a time when Ratnamani Metals reported mixed financial results for Q1 FY27. According to The Economic Times, the company reported a consolidated net profit of ₹82 crore for the April-June quarter, marking a 38% decline from ₹132 crore in the same period last year. Revenue from operations declined 16% to ₹972 crore compared to ₹1,152 crore in the year-ago period. However, the company's order book increased to over ₹2,000 crore as of June 30, 2026, providing a strong foundation for future growth.
As of the latest trading session, Ratnamani Metals has a market capitalisation of approximately ₹19,331 crore, with 2.96 lakh shares traded according to The Economic Times. The stock has shown strong performance with 12% gains over a month and 8% surge in the past six months. The shares 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 and headquartered in Ahmedabad, Gujarat, the company serves critical sectors including oil and gas, refineries, petrochemicals, and aerospace through its high-quality stainless steel and carbon steel pipes and tubes.
