Rama Steel Tubes Ltd

₹ 10.4 0.58%

15 Sep 9:48 a.m.

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 ₹ 1,614 Cr.
Current Price ₹ 10.4
High / Low ₹ 16.9 / 8.41
Stock P/E 74.4
Book Value ₹ 2.34
Dividend Yield 0.00 %
ROCE 8.50 %
ROE 6.51 %
Face Value ₹ 1.00

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Pros

Company has reduced debt.
Company's median sales growth is 25.7% of last 10 years

Cons

Stock is trading at 4.39 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 9.46% over last 3 years.
Earnings include an other income of Rs.26.5 Cr.
Promoter holding has decreased over last 3 years: -22.6%

* 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	240.02	347.24	350.25	399.24	312.52	203.33	262.39	268.27	216.64	263.05	275.17	293.20	268.13
	233.71	339.57	340.68	371.59	296.38	191.18	245.16	254.81	205.23	262.47	270.20	281.14	266.56
Operating Profit	6.31	7.67	9.57	27.65	16.14	12.15	17.23	13.46	11.41	0.58	4.97	12.06	1.57
OPM %	2.63%	2.21%	2.73%	6.93%	5.16%	5.98%	6.57%	5.02%	5.27%	0.22%	1.81%	4.11%	0.59%
	3.60	3.33	7.10	-5.33	2.04	1.13	1.78	0.51	0.96	9.40	5.43	1.59	10.07
Interest	3.84	4.06	5.69	6.62	7.19	3.94	7.27	2.84	3.23	2.66	2.87	2.91	2.98
Depreciation	1.06	1.18	1.23	1.25	1.42	1.33	1.45	1.45	1.73	1.40	1.37	1.37	1.47
Profit before tax	5.01	5.76	9.75	14.45	9.57	8.01	10.29	9.68	7.41	5.92	6.16	9.37	7.19
Tax %	15.57%	10.94%	20.00%	19.24%	22.05%	17.98%	13.31%	21.07%	16.33%	27.03%	9.90%	28.71%	31.15%
	4.23	5.13	7.80	11.67	7.46	6.58	8.92	7.65	6.20	4.31	5.55	6.67	4.95
EPS in Rs	0.03	0.04	0.05	0.08	0.05	0.04	0.06	0.05	0.04	0.03	0.04	0.04	0.03
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	192	242	260	377	504	353	470	768	1,337	1,047	1,048	1,100
	187	227	240	354	488	344	452	726	1,285	987	1,019	1,080
Operating Profit	6	15	20	22	16	9	18	42	51	59	29	19
OPM %	3%	6%	8%	6%	3%	2%	4%	5%	4%	6%	3%	2%
	3	3	4	5	5	6	8	9	8	5	17	26
Interest	5	6	8	6	9	10	8	11	20	21	12	11
Depreciation	2	3	3	2	3	3	3	4	5	6	6	6
Profit before tax	1	9	13	18	9	2	15	36	35	38	29	29
Tax %	22%	30%	28%	31%	11%	80%	16%	24%	22%	20%	21%
	1	6	9	13	8	0	12	27	27	30	23	21
EPS in Rs	0.01	0.05	0.08	0.10	0.07	0.00	0.10	0.22	0.19	0.19	0.15	0.14
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	3%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	24%
3 Years:	11%
TTM:	16%

Compounded Profit Growth
10 Years:	42%
5 Years:	121%
3 Years:	-6%
TTM:	-25%

Stock Price CAGR
10 Years:	24%
5 Years:	81%
3 Years:	11%
1 Year:	-37%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	9%
Last Year:	7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	1	7	8	8	8	8	8	8	47	154	155
Reserves	18	18	44	70	79	79	92	118	204	181	209
	56	58	57	63	90	83	85	138	193	145	89
	21	23	26	11	24	67	62	94	252	254	305
Total Liabilities	96	107	135	153	200	238	248	358	695	734	758
	12	17	26	42	41	41	51	57	106	110	103
CWIP	6	1	1	0	1	7	4	6	1	1	10
Investments	13	12	2	2	5	7	8	8	13	6	5
	65	77	106	109	154	183	184	288	574	617	640
Total Assets	96	107	135	153	200	238	248	358	695	734	758

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	5	-7	5	-17	30	25	-35	-96	18	51
	-7	-2	-1	-9	-3	-7	-10	-9	-53	-1	3
	9	-5	10	6	17	-17	-6	41	143	-13	-66
Net Cash Flow	5	-1	1	2	-3	6	9	-3	-6	5	-12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	21	36	46	37	47	75	41	50	64	76	85
Inventory Days	55	54	84	37	40	61	62	53	58	51	47
Days Payable	5	26	25	5	15	67	43	37	63	88	106
Cash Conversion Cycle	71	64	105	69	72	69	60	67	58	38	26
Working Capital Days	-3	10	39	40	36	33	26	26	35	78	85
ROCE %		19%	22%	20%	12%	7%	13%	21%	15%	12%	8%

Shareholding Pattern

Numbers in percentages

7 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	65.40%	65.40%	65.11%	63.91%	57.14%	57.22%	56.70%	56.33%	47.97%	47.97%	47.97%	47.84%
	4.49%	3.33%	2.74%	2.16%	0.33%	0.33%	0.08%	0.05%	0.17%	0.07%	0.44%	0.46%
	0.66%	0.66%	0.67%	0.63%	0.69%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	29.44%	30.60%	31.48%	33.30%	41.83%	41.84%	43.24%	43.61%	51.87%	51.98%	51.60%	51.70%
No. of Shareholders	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	8,97,389

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	59.52%	60.28%	60.40%	61.28%	62.33%	70.46%	65.11%	56.70%	47.97%	47.84%
	0.00%	0.29%	0.00%	0.00%	0.00%	0.38%	2.74%	0.08%	0.44%	0.46%
	0.70%	2.17%	0.00%	0.00%	0.00%	0.71%	0.67%	0.00%	0.00%	0.00%
	39.78%	37.26%	39.60%	38.72%	37.67%	28.45%	31.48%	43.24%	51.60%	51.70%
No. of Shareholders	2,947	4,193	3,641	3,805	3,376	27,026	54,997	1,64,880	8,42,661	8,97,389

* 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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