Determination of transverse mechanical properties from ring specimens machined from tubular components is not straightforward due to presence of combined tension and bending stresses. Zircaloy tubes as used in nuclear reactors are manufactured through a complicated process of pilgering and heat-treatment and hence, the properties need to be determined in the as-manufactured condition. In this work, the authors perform ring-tensile tests on specimens of Zircaloy pressure tubes of Indian pressurized heavy water reactor in order to carry out integrity assessment of these tubes. As the loading condition in this test imposes both membrane and bending stresses in the cross-section of the ring, 3-D finite element analysis of the test setup was carried out in order to determine material stress-strain curve using an iterative technique. The effect of the design of the loading mandrel on the experimental stress-strain data has been investigated in detail. To validate the methodology, miniature tensile specimens have been tested and the data has been compared to those of ring specimens.