Logo
Whalesbook
HomeNewsCorporate NewsPremiumStocks
HomeNewsCorporate NewsPremiumStocks

Rama Steel Tubes Ltd

₹ 9.280.00%
07 Jan 4:00 p.m. – close price
🔗ramasteel.com•BSE: 539309•NSE: RAMASTEEL
Market Cap₹ 1,520 Cr.
Current Price₹ 9.28
High / Low₹ 14.9
Stock P/E91.3
Book Value₹ 2.53
Dividend Yield0.00 %
ROCE4.58 %
ROE2.60 %
Face Value₹ 1.00
Sales₹ 979 Cr.
OPM0.87 %
Mar Cap₹ 1,520 Cr.

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 PortfolioThe company's product range includes MS ERW black pipes from 15mm to 800 mm diameter pipes and G.I. Pipes from 15mm to 150 mm NB in light, medium, and heavy sizes, Hollow Sections, Structural Steels, Scaffolding, Electricity Poles, Casing Swaged Poles, and other Structural Steel Products.[1][2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.APL Apollo Tubes1950.8051.6654177.920.29301.54460.385206.309.0622.3621317.407.401048.79301.5411.7610.020.16
2.Shyam Metalics828.8523.8523146.960.54260.4521.474457.0222.6512.0516767.7312.46970.37261.762.105.920.10
3.Welspun Corp790.4011.7520844.730.63443.5148.674373.6132.4621.2415463.5813.001773.93439.682.548.930.19
4.Godawari Power275.4524.8118446.150.36161.651.781307.683.1623.255396.6120.82743.44161.443.5313.860.04
5.Ratnamani Metals2273.0026.2615926.680.61156.0435.691191.6922.6921.515374.7616.84606.49136.224.1112.110.06
6.Usha Martin454.0032.8313853.550.66109.8016.20907.561.8418.753551.3716.89421.99127.504.6711.500.09
7.Gallantt Ispat L567.5527.7313665.000.2288.9381.901012.757.4519.204331.0017.56492.7088.934.4111.960.21
8.Rama Steel Tubes9.2891.291519.880.002.84-2.74279.1527.134.58978.800.8716.652.843.671.560.18
–Median: 82 Co.161.022.68923.010.010.4612.73201.638.9613.98739.18.3533.8310.522.296.80.26

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
244.66211.45219.58219.29158.30242.67336.98207.70237.40250.03155.63219.58279.15
Expenses
236.58199.85222.85208.54153.51242.15319.64199.43229.86245.63149.35222.85275.40
Operating Profit
8.0811.60-3.2710.754.790.5217.348.277.544.406.28-3.273.75
Other Income
1.532.0310.181.051.5410.990.875.202.470.961.3710.182.84
Profit before tax
5.757.544.407.793.218.4913.769.197.092.335.344.403.95
Tax %
25.04%24.27%33.86%26.70%19.63%24.03%26.82%20.78%37.24%29.18%25.09%33.86%28.10%
Net Profit
4.315.702.925.712.586.4510.087.294.441.664.002.922.84
EPS in Rs
0.030.040.020.040.020.040.070.050.030.010.030.020.02

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1811922152353344052923265171,010794840979
Expenses
176187202216314390286315496977757830970
Operating Profit
5614192014611213337109
Other Income
4333467544102026
Interest
556868868111277
Depreciation
2233222333454
Profit before tax
218121610371522301924
Net Profit
2158118151116231417
EPS in Rs
0.120.010.050.070.080.060.010.040.080.120.150.090.11
Dividend Payout %
0%0%0%0%0%0%0%0%8%0%0%0%–

Compounded Profit Growth

10 Years:28%
5 Years:42%
3 Years:-9%
TTM:-10%

Compounded Sales Growth

10 Years:16%
5 Years:24%
3 Years:18%
TTM:23%

Return on Equity

10 Years:8%
5 Years:7%
3 Years:6%
Last Year:3%

Stock Price CAGR

10 Years:22%
5 Years:59%
3 Years:-10%
1 Year:-23%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.251788888847154155164
Reserves
191817426673758090163137156250
Borrowings
40565853507069761181281007275
Other Liabilities
152121241124362854329413573
Total Liabilities
7596104128135176188193271370486518562
Fixed Assets
14121623292727383679837775
Gross Block
28.1927.8032.6325.5333.5833.8834.4348.3549.5095.10102.89101.61–
Accumulated Depreciation
13.7315.9916.132.904.746.417.6510.7713.1416.3319.8524.24–
CWIP
1610017261133
Investments
31313381013141317141217
Other Assets
57657310298137142140215273388427467
Total Assets
7596104128135176188193271370486518562

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
835-86-11144-33-48-715
Cash from Investing Activity
-3-7-23-5-1-5-6-3-44-49
Cash from Financing Activity
-49-57-112-91339417-29
Net Cash Flow
05-21-000-2-426-5

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
352133473544693952435973
Inventory Days
475562934046377070243523
Days Payable
175262741841273684357
Cash Conversion Cycle
6671701147172658287605139
Working Capital Days
-0-38413834273834297875
ROCE %
11%9%17%21%20%13%7%8%12%12%11%5%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
65.40%65.11%63.91%57.14%57.22%56.70%56.33%47.97%47.97%47.97%47.84%37.76%
FIIs
3.33%2.74%2.16%0.33%0.33%0.08%0.05%0.17%0.07%0.44%0.46%5.45%
DIIs
0.66%0.67%0.63%0.69%0.59%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public
30.60%31.48%33.30%41.83%41.84%43.24%43.61%51.87%51.98%51.60%51.70%56.79%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Rama Steel Tubes Reports 10.20% YoY Sales Volume Growth for 12MFY26

3rd April 2026, 12:27 am

Promoter group sells 1.71% stake in Rama Steel Tubes

1st April 2026, 6:28 pm

Rama Steel Tubes' Associate Status Changes as Shareholding Dilutes to 9.32%

28th March 2026, 10:23 pm

Rama Steel Tubes Closes Trading Window Ahead of Q4/FY26 Results

26th March 2026, 10:48 pm

Promoter Group Sells Shares in Rama Steel Tubes

10th March 2026, 11:11 pm

Published by Other Websites

External media mentions & references

Rama Steel Tubes: Q4 Volumes Slump 21%, Full-Year Growth Holds Steady

2nd April 2026, 9:17 pm

Geopolitical Fears Trigger Midday Sell-off; Nifty Plunges 1400 Points

13th March 2026, 3:59 pm

Indian Stocks Eye Earnings Surge, CEO Exit, and Solar Power Push

22nd January 2026, 7:19 am

Indian Markets Tumble 1.3% as Nifty Tests 25,200 Amid Earnings Rush

21st January 2026, 6:09 am

Indian Markets Slip Second Day; Infosys Misses Profit Despite Guidance

16th January 2026, 6:59 am

News Articles

Editorial & research coverage

Indian Markets Slip Second Day; Infosys Misses Profit Despite Guidance
Indian Markets Slip Second Day; Infosys Misses Profit Despite Guidance

16th January 2026, 6:59 am

Global Rally Ignites Indian Stocks! Big Orders, Mega Deals & Key Updates You Can't Miss!
Global Rally Ignites Indian Stocks! Big Orders, Mega Deals & Key Updates You Can't Miss!

12th December 2025, 7:55 am

Investor Alert: Stocks in Play Today With Major Corporate Updates!
Investor Alert: Stocks in Play Today With Major Corporate Updates!

12th December 2025, 7:11 am

Top Stocks Buzz: Adani, Tata Power, Honasa & More - What You MUST Know for Your Portfolio!
Top Stocks Buzz: Adani, Tata Power, Honasa & More - What You MUST Know for Your Portfolio!

12th December 2025, 6:58 am

Documents

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release

2 Jan - 9M FY26 sales volume 171,935.78t (+23% YoY); Q3FY26 58,974.55t (+14% YoY).

Closure of Trading Window

25 Dec - Trading window closed Jan 1, 2026 until 48 hours after unaudited results for quarter and nine-months ending 31-Dec-2025.

Announcement under Regulation 30 (LODR)-Credit Rating

20 Dec - ICRA placed Rs110 crore bank facilities on watch after RSTL's AED296m (~Rs728 crore) Automech acquisition approval.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

11 Dec - Acquire Automech UAE for AED296m (~Rs728cr); expected close within six months; revenue to ~Rs2,200cr.

Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

11 Dec - Rama Steel and subsidiary to acquire Automech Group for AED 296m (~Rs728Cr); RST FZE 78.38%, Rama 21.62%.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

22 Dec from icra

Rating update

25 Nov 2025 from icra

Rating update

21 Mar 2025 from icra

Rating update

12 Jan 2024 from icra

Rating update

6 Jan 2023 from brickwork

Rating update

4 Jan 2023 from icra

Concalls

Nov 2022

Transcript

Feb 2022

PPT

Feb 2022

PPT

Sep 2021

PPT

Dec 2017

PPT

Sep 2017

PPT

May 2017

PPT

Feb 2017

PPT

Nov 2016

PPT

Aug 2016

PPT

Stock Analysis

Description

Rama Steel Tubes is a prominent Indian manufacturer of steel pipes and tubes, G.I. pipes, and square section products, serving various industrial and infrastructure sectors.

Key Growth Triggers

  1. The company's strategic focus includes diversification into defence and green energy sectors.
  2. The acquisition of UAE-based Automech Group Holding for approximately ₹728 crore is a significant trigger, aiming to expand its footprint in the UAE, GCC, and Europe, and is projected to drive substantial revenue growth.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Past reports noted a qualified conclusion on consolidated financial results due to subsidiary reporting issues.
  2. An increase in debtor days was observed in previous periods.

Key Dates To Watch

  1. January 20, 2026: Board Meeting to consider preferential share issue.
  2. Upcoming EGM: To obtain shareholder approval for the preferential issue.

Corporate Announcements

2nd Apr 26
Impact Rating: 7
Rama Steel Tubes posted a 10.20% year-over-year increase in sales volume for the full fiscal year 2026 (12MFY26) reaching 215,114.20 Ton, compared to 195,212.53 Ton in the prior year.
1st Apr 26
Impact Rating: 7
In a significant move, the promoter group, Arun Enterprises, has divested 1.71% of their stake in Rama Steel Tubes, bringing their total shareholding down to 1.83% after the sale on March 30, 2026.
28th Mar 26
Impact Rating: 7
Rama Steel Tubes Ltd. announced its shareholding in Bigwin Buildsys Coated Private Limited has fallen to 9.32% from 24.80% due to a preferential issue. Consequently, it no longer qualifies as an associate company, effective March 28, 2026.
26th Mar 26
Impact Rating: 7
In compliance with SEBI rules, Rama Steel Tubes Limited will shut its trading window for insiders starting April 1, 2026. This restriction remains until 48 hours post-announcement of Audited Financial Results for Q4 and FY26 ending March 31, 2026.
10th Mar 26
Impact Rating: 8
Tarun Dhir, representing the promoter group Arun Enterprises, sold 30,00,000 shares in Rama Steel Tubes via open market. The stake reduction brings their holding to 4.77%.