Rama Steel Tubes Ltd

₹ 11.7 3.00%

30 May - close price

ramasteel.com BSE: 539309 NSE: RAMASTEEL

About

Incorporated in 1974, Rama steel tubes is one of the leading manufacturers of Steel Pipes & Tubes, Rigid PVC & G.I. Pipes and square section products in India. ^[1]

Key Points

Product Portfolio
Company is into manufacturing and trading steel tubes and pipes and galvanised iron pipes. Its product range includes MS ERW black pipes and galvanised iron pipes in light, medium and heavy sizes. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 1,812 Cr.
Current Price ₹ 11.7
High / Low ₹ 17.6 / 8.41
Stock P/E 129
Book Value ₹ 2.00
Dividend Yield 0.00 %
ROCE 6.73 %
ROE 4.65 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.

Cons

Stock is trading at 5.83 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 7.32% over last 3 years.
Earnings include an other income of Rs.20.4 Cr.
Debtor days have increased from 58.4 to 73.1 days.
Promoter holding has decreased over last 3 years: -22.5%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Iron & Steel Products

Part of BSE SmallCap BSE Allcap BSE Industrials

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	195.54	178.20	250.03	244.66	336.98	219.29	155.63	211.45	207.70	158.30	219.58	219.58	237.40
	188.95	175.17	245.63	236.58	319.64	208.54	149.35	199.85	199.43	153.51	222.85	222.85	229.86
Operating Profit	6.59	3.03	4.40	8.08	17.34	10.75	6.28	11.60	8.27	4.79	-3.27	-3.27	7.54
OPM %	3.37%	1.70%	1.76%	3.30%	5.15%	4.90%	4.04%	5.49%	3.98%	3.03%	-1.49%	-1.49%	3.18%
	1.52	0.64	0.96	1.53	0.87	1.05	1.37	2.03	5.20	1.54	10.18	10.18	2.47
Interest	1.99	2.32	2.24	3.10	3.63	3.04	1.27	4.96	3.04	1.69	1.40	1.40	1.85
Depreciation	0.77	0.72	0.79	0.76	0.82	0.97	1.04	1.13	1.24	1.43	1.11	1.11	1.07
Profit before tax	5.35	0.63	2.33	5.75	13.76	7.79	5.34	7.54	9.19	3.21	4.40	4.40	7.09
Tax %	37.01%	36.51%	29.18%	25.04%	26.82%	26.70%	25.09%	24.27%	20.78%	19.63%	33.86%	33.86%	37.24%
	3.38	0.40	1.66	4.31	10.08	5.71	4.00	5.70	7.29	2.58	2.92	2.92	4.44
EPS in Rs	0.03	0.00	0.01	0.03	0.07	0.04	0.03	0.04	0.05	0.02	0.02	0.02	0.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	181	192	215	235	334	405	292	326	517	1,010	794	840
	176	187	202	216	314	390	286	315	496	977	757	830
Operating Profit	5	6	14	19	20	14	6	11	21	33	37	10
OPM %	3%	3%	6%	8%	6%	4%	2%	3%	4%	3%	5%	1%
	4	3	3	3	4	6	7	5	4	4	10	20
Interest	5	5	6	8	6	8	8	6	8	11	12	7
Depreciation	2	2	3	3	2	2	2	3	3	3	4	5
Profit before tax	2	1	8	12	16	10	3	7	15	22	30	19
Tax %	13%	22%	34%	31%	35%	24%	49%	21%	28%	27%	24%	27%
	2	1	5	8	11	8	1	5	11	16	23	14
EPS in Rs	0.12	0.01	0.05	0.07	0.08	0.06	0.01	0.04	0.08	0.12	0.15	0.09
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	8%	0%	0%	0%

Compounded Sales Growth
10 Years:	16%
5 Years:	24%
3 Years:	18%
TTM:	6%

Compounded Profit Growth
10 Years:	35%
5 Years:	59%
3 Years:	10%
TTM:	-34%

Stock Price CAGR
10 Years:	%
5 Years:	97%
3 Years:	35%
1 Year:	-2%

Return on Equity
10 Years:	9%
5 Years:	8%
3 Years:	7%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.25	1	7	8	8	8	8	8	8	47	154	155
Reserves	19	18	17	42	66	73	75	80	90	163	137	156
	40	56	58	53	50	70	69	76	118	128	100	72
	15	21	21	24	11	24	36	28	54	32	94	135
Total Liabilities	75	96	104	128	135	176	188	193	271	370	486	518
	14	12	16	23	29	27	27	38	36	79	83	77
CWIP	1	6	1	0	0	1	7	2	6	1	1	3
Investments	3	13	13	3	8	10	13	14	13	17	14	12
	57	65	73	102	98	137	142	140	215	273	388	427
Total Assets	75	96	104	128	135	176	188	193	271	370	486	518

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	8	3	5	-8	6	-11	14	4	-33	-48	-7
	-3	-7	-2	3	-5	-1	-5	-6	-3	-44	-4
	-4	9	-5	7	-1	12	-9	1	33	94	17
Net Cash Flow	0	5	-2	1	-0	0	0	-2	-4	2	6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	35	21	33	47	35	44	69	39	52	43	59	73
Inventory Days	47	55	62	93	40	46	37	70	70	24	35	23
Days Payable	17	5	26	27	4	18	41	27	36	8	43	57
Cash Conversion Cycle	66	71	70	114	71	72	65	82	87	60	51	39
Working Capital Days	60	65	71	104	82	86	97	96	101	68	117	104
ROCE %	11%	9%	17%	21%	20%	13%	7%	8%	12%	12%	11%	7%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	70.46%	65.40%	65.40%	65.11%	63.91%	57.14%	57.22%	56.70%	56.33%	47.97%	47.97%	47.97%
	2.76%	4.49%	3.33%	2.74%	2.16%	0.33%	0.33%	0.08%	0.05%	0.17%	0.07%	0.44%
	0.71%	0.66%	0.66%	0.67%	0.63%	0.69%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%
	26.07%	29.44%	30.60%	31.48%	33.30%	41.83%	41.84%	43.24%	43.61%	51.87%	51.98%	51.60%
No. of Shareholders	19,273	24,278	33,592	54,997	59,608	71,733	74,086	1,64,880	2,79,751	8,51,948	8,50,598	8,42,661

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	59.52%	60.28%	60.40%	61.28%	62.33%	70.46%	65.11%	56.70%	47.97%
	0.00%	0.29%	0.00%	0.00%	0.00%	0.38%	2.74%	0.08%	0.44%
	0.70%	2.17%	0.00%	0.00%	0.00%	0.71%	0.67%	0.00%	0.00%
	39.78%	37.26%	39.60%	38.72%	37.67%	28.45%	31.48%	43.24%	51.60%
No. of Shareholders	2,947	4,193	3,641	3,805	3,376	27,026	54,997	1,64,880	8,42,661

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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