Could anyone who has been tracking this company share the current capacity, on going capax, and how much capex incurred in previous 2-3 years (with line to capacity increase)?
This will be really helpful.
Only look for Total as the previous CAPEX has been realized, and capacity is on the stream already… There have been some small acquisitions in Germany (Not sure about capacity) and the Acquisition of Ravi Technoforge (Not sure about capacity). Other than these, major capacities are already mentioned.
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Company reported solid numbers. 40% sales growth with humongous PAT
But there is one pain point
Company’s debt stands at 237 croree and board has approved another 500cr fund raise via NCDs. Possibly, NCD proceeds will be used to refinance the debt. Current interest rate > 12%.
Company announced 12rupees per share as dividend.Thats about 80crores as dividends expense. With 60% of company resting with promoters, 48 crores is going back to promoters as dividends. Why not use this money to repay the debt and lower the borrowing envelope. As per FY 22 annual report, promoter family already took remuneration of 35cr all members put together.
Is this not value destructive for minority share holders? Views are invited. My analysis may be wrong.
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Future growth in the oil & gas and power sectors could positively impact earnings and EPS, but the extent will depend on sector developments and the company’s strategic positioning within these industries
Ratnamani Metals & Tubes Ltd.’s success in a competitive market is attributed to its comprehensive product range, high-quality standards, advanced manufacturing capabilities, and strong customer relationships. By leveraging these strengths, Ratnamani effectively positions itself as a leading player in the stainless steel and carbon steel manufacturing sector.
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