Rama Steel Tubes Ltd

₹ 13.8 -1.79%

25 Apr - 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 ₹ 2,035 Cr.
Current Price ₹ 13.8
High / Low ₹ 16.8 / 10.0
Stock P/E 60.8
Book Value ₹ 2.08
Dividend Yield 0.00 %
ROCE 15.8 %
ROE 15.2 %
Face Value ₹ 1.00

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Pros

Cons

Promoter holding has decreased over last quarter: -0.53%
Debtor days have increased from 51.4 to 63.5 days.

* 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

Sector: Steel Industry: Steel - Medium / Small

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	153.93	139.16	138.30	192.99	184.98	251.90	240.02	347.24	350.25	399.24	312.52	203.33	262.39
	148.20	131.53	131.03	183.77	175.85	236.26	233.71	339.57	340.68	371.59	296.38	191.18	245.16
Operating Profit	5.73	7.63	7.27	9.22	9.13	15.64	6.31	7.67	9.57	27.65	16.14	12.15	17.23
OPM %	3.72%	5.48%	5.26%	4.78%	4.94%	6.21%	2.63%	2.21%	2.73%	6.93%	5.16%	5.98%	6.57%
	0.99	4.55	4.84	2.97	2.97	-0.92	3.60	3.33	7.10	-5.33	2.04	1.13	1.78
Interest	1.82	1.77	2.25	2.50	2.89	3.25	3.84	4.06	5.69	6.62	7.19	3.94	7.27
Depreciation	1.25	0.58	0.98	1.08	1.13	1.08	1.06	1.18	1.23	1.25	1.42	1.33	1.45
Profit before tax	3.65	9.83	8.88	8.61	8.08	10.39	5.01	5.76	9.75	14.45	9.57	8.01	10.29
Tax %	17.81%	20.35%	20.05%	17.65%	30.69%	28.78%	15.57%	10.94%	20.00%	19.24%	22.05%	17.98%	13.31%
	3.01	7.83	7.10	7.09	5.60	7.40	4.23	5.13	7.80	11.67	7.46	6.58	8.92
EPS in Rs	0.02	0.06	0.06	0.06	0.04	0.06	0.03	0.04	0.05	0.08	0.05	0.04	0.06
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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	TTM
	192	242	260	377	504	353	470	768	1,337	1,177
	187	227	240	354	488	344	452	726	1,285	1,104
Operating Profit	6	15	20	22	16	9	18	42	51	73
OPM %	3%	6%	8%	6%	3%	2%	4%	5%	4%	6%
	3	3	4	5	5	6	8	9	8	-0
Interest	5	6	8	6	9	10	8	11	20	25
Depreciation	2	3	3	2	3	3	3	4	5	5
Profit before tax	1	9	13	18	9	2	15	36	35	42
Tax %	22%	30%	28%	31%	11%	80%	16%	24%	22%
	1	6	9	13	8	0	12	27	27	35
EPS in Rs	0.01	0.05	0.08	0.10	0.07	0.00	0.10	0.22	0.19	0.23
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	3%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	29%
3 Years:	56%
TTM:	-1%

Compounded Profit Growth
10 Years:	%
5 Years:	16%
3 Years:	296%
TTM:	38%

Stock Price CAGR
10 Years:	%
5 Years:	59%
3 Years:	140%
1 Year:	30%

Return on Equity
10 Years:	%
5 Years:	14%
3 Years:	17%
Last Year:	15%

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	Sep 2023
Equity Capital	1	7	8	8	8	8	8	8	47	51
Reserves	18	18	40	68	79	79	92	118	179	258
Preference Capital	1	1	0	0	0	0	0	0	0
	55	57	57	63	90	83	85	138	193	142
	22	24	31	14	24	67	62	94	277	220
Total Liabilities	96	107	135	153	200	238	248	358	695	671
	12	17	26	42	41	41	51	57	106	108
CWIP	6	1	1	0	1	7	4	6	1	2
Investments	13	12	2	2	5	7	8	8	13	12
	65	77	106	109	154	183	184	288	574	549
Total Assets	96	107	135	153	200	238	248	358	695	671

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
	3	5	-7	5	-17	30	25	-35	-96
	-7	-2	-1	-9	-3	-7	-10	-9	-53
	9	-5	10	6	17	-17	-6	41	143
Net Cash Flow	5	-1	1	2	-3	6	9	-3	-6

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
Debtor Days	21	36	46	37	47	75	41	50	64
Inventory Days	55	54	84	37	40	61	62	53	58
Days Payable	5	26	25	5	15	67	43	37	63
Cash Conversion Cycle	71	64	105	69	72	69	60	67	58
Working Capital Days	65	67	95	82	84	96	69	77	79
ROCE %		19%	22%	20%	12%	7%	13%	21%	16%

Shareholding Pattern

Numbers in percentages

87 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	62.33%	62.33%	62.33%	70.46%	70.46%	65.40%	65.40%	65.11%	63.91%	57.14%	57.22%	56.70%
	0.00%	0.12%	0.59%	0.38%	2.76%	4.49%	3.33%	2.74%	2.16%	0.33%	0.33%	0.08%
	0.00%	0.00%	0.00%	0.71%	0.71%	0.66%	0.66%	0.67%	0.63%	0.69%	0.59%	0.00%
	37.67%	37.55%	37.08%	28.45%	26.07%	29.44%	30.60%	31.48%	33.30%	41.83%	41.84%	43.24%
No. of Shareholders	3,763	4,249	7,521	27,026	19,273	24,278	33,592	54,997	59,608	71,733	74,086	1,64,880

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

* 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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Nov 2022
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Sep 2021

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