Rama Steel Tubes Ltd

₹ 175 0.29%
05 Dec 4:06 p.m.
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
The company manufactures and sells black pipes and tubes, galvanized pipes and tubes and poles. These products find application in various industries such as real estate, defence, telecom, irrigation and infrastructure. [1]

  • Market Cap 1,538 Cr.
  • Current Price 175
  • High / Low 182 / 41.0
  • Stock P/E 68.9
  • Book Value 24.6
  • Dividend Yield 0.06 %
  • ROCE 20.8 %
  • ROE 24.1 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years

Cons

  • Stock is trading at 7.09 times its book value
  • Promoter holding has decreased over last quarter: -5.06%
  • Company has a low return on equity of 13.6% over last 3 years.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
81.34 87.14 84.28 47.45 129.90 153.93 139.16 138.30 192.99 184.98 251.90 240.02 347.24
82.04 84.99 81.32 47.93 124.45 148.20 131.53 131.03 183.77 175.85 236.26 233.71 339.57
Operating Profit -0.70 2.15 2.96 -0.48 5.45 5.73 7.63 7.27 9.22 9.13 15.64 6.31 7.67
OPM % -0.86% 2.47% 3.51% -1.01% 4.20% 3.72% 5.48% 5.26% 4.78% 4.94% 6.21% 2.63% 2.21%
1.64 1.51 2.47 1.11 0.88 0.99 4.55 4.84 2.97 2.97 -0.92 3.60 3.33
Interest 2.06 2.55 2.26 1.95 2.15 1.82 1.77 2.25 2.50 2.89 3.25 3.84 4.06
Depreciation 0.71 0.72 0.61 0.81 0.83 1.25 0.58 0.98 1.08 1.13 1.08 1.06 1.18
Profit before tax -1.83 0.39 2.56 -2.13 3.35 3.65 9.83 8.88 8.61 8.08 10.39 5.01 5.76
Tax % 26.23% 0.00% 76.56% 9.86% -3.28% 17.81% 20.35% 20.05% 17.65% 30.69% 28.78% 15.57% 10.94%
Net Profit -1.36 0.40 0.61 -1.92 3.45 3.01 7.83 7.10 7.09 5.60 7.40 4.23 5.13
EPS in Rs -0.16 0.05 0.07 -0.23 0.41 0.36 0.93 0.85 0.84 0.67 0.88 0.50 0.58
Raw PDF

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 TTM
192 242 260 377 504 353 470 768 1,024
187 227 240 354 488 344 452 726 985
Operating Profit 6 15 20 22 16 9 18 42 39
OPM % 3% 6% 8% 6% 3% 2% 4% 5% 4%
3 3 4 5 5 6 8 9 9
Interest 5 6 8 6 9 10 8 11 14
Depreciation 2 3 3 2 3 3 3 4 4
Profit before tax 1 9 13 18 9 2 15 36 29
Tax % 22% 30% 28% 31% 11% 80% 16% 24%
Net Profit 1 6 9 13 8 0 12 27 22
EPS in Rs 0.09 0.81 1.18 1.51 1.00 0.05 1.47 3.25 2.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 3%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 15%
TTM: 64%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 48%
TTM: -11%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 183%
1 Year: 283%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 14%
Last Year: 24%

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 Sep 2022
2 8 8 8 8 8 8 8 9
Reserves 18 18 40 68 79 79 92 118 208
55 57 57 63 90 83 85 138 144
22 24 31 14 24 67 62 94 301
Total Liabilities 96 107 135 153 200 238 248 358 662
12 17 26 42 41 41 51 57 92
CWIP 6 1 1 0 1 7 4 6 9
Investments 13 12 2 2 5 7 8 8 13
65 77 106 109 154 183 184 288 548
Total Assets 96 107 135 153 200 238 248 358 662

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 21 36 46 37 47 75 41 50
Inventory Days 55 54 84 37 40 61 62 53
Days Payable 5 26 25 5 15 67 43 37
Cash Conversion Cycle 71 64 105 69 72 69 60 67
Working Capital Days 65 67 95 82 84 96 69 77
ROCE % 19% 22% 20% 12% 7% 13% 21%

Shareholding Pattern

Numbers in percentages

15 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
61.16 61.28 61.29 61.77 62.33 62.33 62.33 62.33 62.33 70.46 70.46 65.40
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.12 0.59 0.38 2.76 4.49
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.71 0.71 0.66
38.83 38.72 38.71 38.23 37.67 37.67 37.67 37.55 37.08 28.45 26.07 29.44

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

Please click on the line-items to see the names of individual entities.

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