Market Cap ₹1916 Cr.
Stock P/E 53.4
P/B 4.5
Current Price ₹12.3
Book Value ₹ 2.7
Face Value 1
52W High ₹37
Dividend Yield 0%
52W Low ₹ 10.3
Rama Steel Tubes Ltd is an primarily India-based employer engaged in manufacturing and trading of metallic pipes. The Company manufactures and exports electric resistance weld (ERW) metallic tubes (black and galvanized). The Company offers pre-galvanized pipes and tubes, fence pipes and tubes, and Sendzimir pipes and tubes to be used in water, gas, air and steam. The Company's scaffolding pipes are designed for pipes and coupler scaffolding. It is engaged in manufacturing and exporting tubes hollow section with anti-rust oil coating from inside and outside of the tubes and square/rectangular pipes. It designs, develops and manufactures swaged poles and metal structure. Its product variety consists of toll road and street lighting fixtures poles, as well as traffic sign poles. The Company manufactures and exports hollow segment for the automobile industry. The Company's range of fencing tubes is available in quite a number of dimensions. Its products have fixtures industries and domestic applications.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 193 | 185 | 252 | 240 | 347 | 350 | 399 | 313 | 203 | 262 |
| Other Income | 3 | 3 | -1 | 4 | 3 | 6 | -5 | 1 | 1 | 2 |
| Total Income | 196 | 188 | 251 | 244 | 350 | 356 | 394 | 314 | 204 | 264 |
| Total Expenditure | 184 | 176 | 235 | 234 | 340 | 341 | 371 | 296 | 191 | 245 |
| Operating Profit | 12 | 12 | 16 | 10 | 11 | 15 | 22 | 17 | 13 | 19 |
| Interest | 2 | 3 | 3 | 4 | 4 | 6 | 7 | 7 | 4 | 7 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 9 | 8 | 12 | 5 | 5 | 8 | 15 | 9 | 8 | 10 |
| Provision for Tax | 2 | 2 | 3 | 1 | 1 | 2 | 3 | 2 | 1 | 1 |
| Profit After Tax | 7 | 6 | 9 | 4 | 5 | 6 | 12 | 6 | 7 | 9 |
| Adjustments | -0 | 0 | -1 | -0 | 0 | 1 | -1 | 1 | -1 | 0 |
| Profit After Adjustments | 7 | 6 | 7 | 4 | 5 | 7 | 11 | 7 | 6 | 9 |
| Adjusted Earnings Per Share | 0.1 | 0 | 0.1 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0.1 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 192 | 242 | 260 | 377 | 504 | 353 | 470 | 768 | 1337 | 1177 |
| Other Income | 3 | 3 | 4 | 5 | 3 | 4 | 6 | 9 | 7 | -1 |
| Total Income | 195 | 245 | 264 | 381 | 507 | 356 | 477 | 777 | 1344 | 1176 |
| Total Expenditure | 187 | 227 | 240 | 354 | 488 | 344 | 452 | 726 | 1285 | 1103 |
| Operating Profit | 8 | 18 | 24 | 27 | 19 | 12 | 24 | 52 | 58 | 71 |
| Interest | 5 | 6 | 8 | 7 | 9 | 10 | 8 | 11 | 20 | 25 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 4 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 9 | 13 | 18 | 7 | -0 | 15 | 36 | 35 | 42 |
| Provision for Tax | 0 | 3 | 4 | 6 | 1 | 2 | 2 | 9 | 8 | 7 |
| Profit After Tax | 1 | 6 | 9 | 12 | 6 | -2 | 12 | 27 | 27 | 34 |
| Adjustments | 0 | 0 | 0 | 0 | 2 | 2 | 0 | 0 | -1 | -1 |
| Profit After Adjustments | 1 | 6 | 9 | 13 | 8 | 0 | 12 | 27 | 27 | 33 |
| Adjusted Earnings Per Share | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 0.2 | 0.2 | 0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 74% | 56% | 29% | 0% |
| Operating Profit CAGR | 12% | 69% | 17% | 0% |
| PAT CAGR | 0% | 0% | 18% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 19% | 125% | 55% | NA% |
| ROE Average | 16% | 18% | 12% | 15% |
| ROCE Average | 16% | 16% | 13% | 15% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 21 | 27 | 52 | 79 | 87 | 88 | 100 | 127 | 250 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Borrowings | 17 | 17 | 14 | 16 | 21 | 18 | 30 | 32 | 32 |
| Other Non-Current Liabilities | 0 | 0 | 1 | 2 | 1 | 2 | 1 | 2 | 1 |
| Total Current Liabilities | 58 | 63 | 69 | 58 | 93 | 129 | 117 | 201 | 402 |
| Total Liabilities | 96 | 107 | 137 | 155 | 202 | 238 | 248 | 361 | 698 |
| Fixed Assets | 12 | 17 | 23 | 38 | 38 | 37 | 47 | 53 | 102 |
| Other Non-Current Assets | 20 | 14 | 10 | 8 | 14 | 26 | 28 | 32 | 54 |
| Total Current Assets | 64 | 76 | 104 | 109 | 150 | 174 | 172 | 275 | 541 |
| Total Assets | 96 | 107 | 137 | 155 | 202 | 238 | 248 | 361 | 698 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 2 | 7 | 6 | 8 | 10 | 7 | 13 | 22 | 19 |
| Cash Flow from Operating Activities | 3 | 5 | -7 | 5 | -17 | 30 | 25 | -35 | -96 |
| Cash Flow from Investing Activities | -7 | -1 | -1 | -9 | -3 | -7 | -10 | -9 | -53 |
| Cash Flow from Financing Activities | 9 | -5 | 10 | 6 | 17 | -17 | -6 | 41 | 143 |
| Net Cash Inflow / Outflow | 5 | -1 | 1 | 2 | -3 | 6 | 9 | -3 | -6 |
| Closing Cash & Cash Equivalent | 7 | 6 | 8 | 10 | 7 | 13 | 22 | 19 | 13 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.01 | 0.05 | 0.08 | 0.1 | 0.07 | 0 | 0.1 | 0.22 | 0.19 |
| CEPS(Rs) | 0.03 | 0.08 | 0.1 | 0.12 | 0.07 | 0.01 | 0.13 | 0.25 | 0.23 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Book NAV/Share(Rs) | 0.18 | 0.23 | 0.4 | 0.61 | 0.69 | 0.69 | 0.79 | 1 | 1.61 |
| Core EBITDA Margin(%) | 2.79 | 5.52 | 6.97 | 5.83 | 3.26 | 2.46 | 3.89 | 5.54 | 3.85 |
| EBIT Margin(%) | 2.97 | 5.61 | 7.31 | 6.43 | 3.24 | 2.67 | 4.76 | 6.1 | 4.13 |
| Pre Tax Margin(%) | 0.42 | 3.26 | 4.61 | 4.73 | 1.38 | -0.06 | 3.13 | 4.68 | 2.62 |
| PAT Margin (%) | 0.33 | 2.28 | 3.33 | 3.23 | 1.17 | -0.54 | 2.63 | 3.56 | 2.05 |
| Cash Profit Margin (%) | 1.43 | 3.36 | 4.35 | 3.84 | 1.72 | 0.28 | 3.37 | 4.11 | 2.41 |
| ROA(%) | 0.71 | 5.92 | 7.77 | 8.46 | 3.32 | -0.86 | 5.09 | 8.96 | 5.18 |
| ROE(%) | 3.49 | 26.52 | 25.83 | 19.89 | 7.24 | -2.18 | 13.24 | 24.19 | 15.61 |
| ROCE(%) | 8.14 | 18.6 | 21.6 | 19.63 | 10.25 | 5.42 | 12.6 | 20.85 | 15.61 |
| Receivable days | 19.68 | 23.95 | 36.14 | 33.87 | 37.14 | 70.66 | 48.26 | 37.52 | 46.19 |
| Inventory Days | 45.28 | 39.57 | 53.33 | 40.94 | 31.01 | 54.46 | 49.19 | 41.34 | 40.71 |
| Payable days | 5.1 | 15.28 | 25 | 10.62 | 8.97 | 43.98 | 46.37 | 31.56 | 41.84 |
| PER(x) | 0 | 22.5 | 22.17 | 23.31 | 22.47 | 76.01 | 9.63 | 19.39 | 48.62 |
| Price/Book(x) | 0 | 5.27 | 4.41 | 3.88 | 2.16 | 0.37 | 1.2 | 4.2 | 5.76 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.16 | 0 |
| EV/Net Sales(x) | 0.26 | 0.77 | 1 | 0.93 | 0.54 | 0.29 | 0.39 | 0.84 | 1.1 |
| EV/Core EBITDA(x) | 5.92 | 10.61 | 10.92 | 13 | 14.22 | 8.32 | 7.46 | 12.54 | 25.36 |
| Net Sales Growth(%) | 0 | 25.73 | 7.35 | 45.04 | 33.83 | -30.02 | 33.34 | 63.29 | 74.02 |
| EBIT Growth(%) | 0 | 141.14 | 40.42 | 18.12 | -33.59 | -42.26 | 137.82 | 109.06 | 17.79 |
| PAT Growth(%) | 0 | 777.39 | 57.11 | 30.32 | -51.99 | -132.05 | 752.34 | 120.67 | 0.44 |
| EPS Growth(%) | 0 | 777.39 | 46.33 | 28.29 | -34.16 | -94.91 | 2802.93 | 120.68 | -11.99 |
| Debt/Equity(x) | 2.64 | 2.14 | 1.19 | 0.82 | 1.03 | 0.95 | 0.86 | 1.09 | 0.86 |
| Current Ratio(x) | 1.1 | 1.2 | 1.52 | 1.87 | 1.6 | 1.34 | 1.47 | 1.37 | 1.35 |
| Quick Ratio(x) | 0.77 | 0.7 | 0.77 | 1.28 | 1.05 | 0.93 | 0.85 | 0.87 | 0.86 |
| Interest Cover(x) | 1.16 | 2.39 | 2.71 | 3.78 | 1.74 | 0.98 | 2.91 | 4.3 | 2.73 |
| Total Debt/Mcap(x) | 0 | 0.42 | 0.27 | 0.21 | 0.48 | 2.57 | 0.72 | 0.26 | 0.15 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 62.33 | 70.46 | 70.46 | 65.4 | 65.4 | 65.12 | 63.91 | 57.14 | 57.23 | 56.7 |
| FII | 0.59 | 0.38 | 2.76 | 4.49 | 3.33 | 2.74 | 2.16 | 0.33 | 0.33 | 0.08 |
| DII | 0 | 0.71 | 0.71 | 0.66 | 0.66 | 0.67 | 0.63 | 0.69 | 0.59 | 0 |
| Public | 37.08 | 28.45 | 26.07 | 29.45 | 30.62 | 31.48 | 33.3 | 41.84 | 41.86 | 43.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.05 | 1.18 | 1.18 | 5.97 | 5.97 | 30.33 | 30.33 | 28.93 | 29.18 | 87.55 |
| FII | 0.01 | 0.01 | 0.05 | 0.41 | 0.3 | 1.27 | 1.02 | 0.17 | 0.17 | 0.12 |
| DII | 0 | 0.01 | 0.01 | 0.06 | 0.06 | 0.31 | 0.3 | 0.35 | 0.3 | 0 |
| Public | 0.62 | 0.48 | 0.44 | 2.69 | 2.79 | 14.66 | 15.81 | 21.19 | 21.35 | 66.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.68 | 1.68 | 1.68 | 9.12 | 9.12 | 46.58 | 47.46 | 50.64 | 51 | 154.42 |
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