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Rama Steel Tubes Overview

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...Read More

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Rama Steel Tubes Key Financials

Market Cap ₹1306 Cr.

Stock P/E 57.4

P/B 2.8

Current Price ₹8

Book Value ₹ 2.9

Face Value 1

52W High ₹14.9

Dividend Yield 0%

52W Low ₹ 7.3

Rama Steel Tubes Share Price

₹ | |

Volume
Price

Rama Steel Tubes Quarterly Price

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Rama Steel Tubes Peer Comparison

Rama Steel Tubes Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 313 203 262 268 217 263 275 293 268 320
Other Income 1 1 2 0 1 9 5 1 10 2
Total Income 314 204 264 269 218 272 280 294 278 323
Total Expenditure 296 191 245 255 205 262 270 281 267 316
Operating Profit 17 13 19 14 12 10 10 13 12 7
Interest 7 4 7 3 3 3 3 3 3 3
Depreciation 1 1 1 1 2 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 9 8 10 10 7 6 6 9 7 2
Provision for Tax 2 1 1 2 1 2 1 3 2 1
Profit After Tax 6 7 9 8 6 4 5 6 5 1
Adjustments 1 -1 0 -0 0 -0 0 1 0 0
Profit After Adjustments 7 6 9 7 6 4 6 7 5 1
Adjusted Earnings Per Share 0 0 0.1 0 0 0 0 0 0 0

Rama Steel Tubes Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 192 242 260 377 504 353 470 768 1337 1047 1048 1156
Other Income 3 3 4 5 3 4 6 9 7 4 17 18
Total Income 195 245 264 381 507 356 477 777 1344 1051 1065 1175
Total Expenditure 187 227 240 354 488 344 452 726 1285 987 1019 1134
Operating Profit 8 18 24 27 19 12 24 52 58 64 46 42
Interest 5 6 8 7 9 10 8 11 20 21 12 12
Depreciation 2 3 3 2 3 3 3 4 5 6 6 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 9 13 18 7 -0 15 36 35 38 29 24
Provision for Tax 0 3 4 6 1 2 2 9 8 8 6 7
Profit After Tax 1 6 9 12 6 -2 12 27 27 30 23 17
Adjustments 0 0 0 0 2 2 0 0 -1 -1 0 1
Profit After Adjustments 1 6 9 13 8 0 12 27 27 29 23 19
Adjusted Earnings Per Share 0 0.1 0.1 0.1 0.1 0 0.1 0.2 0.2 0.2 0.1 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 11% 24% 18%
Operating Profit CAGR -28% -4% 31% 19%
PAT CAGR -23% -5% 0% 37%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% -13% 54% 21%
ROE Average 7% 11% 14% 14%
ROCE Average 9% 12% 14% 14%

Rama Steel Tubes Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 21 27 52 79 87 88 100 127 250 335 364
Minority's Interest 0 0 0 0 0 0 0 0 13 12 9
Borrowings 17 17 14 16 21 18 30 32 32 27 7
Other Non-Current Liabilities 0 0 1 2 1 2 1 2 1 1 1
Total Current Liabilities 58 63 69 58 93 129 117 201 402 364 379
Total Liabilities 96 107 137 155 202 238 248 361 698 739 760
Fixed Assets 12 17 23 38 38 37 47 53 102 106 99
Other Non-Current Assets 20 14 10 8 14 26 28 32 54 27 32
Total Current Assets 64 76 104 109 150 174 172 275 541 606 629
Total Assets 96 107 137 155 202 238 248 361 698 739 760

Rama Steel Tubes Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 7 6 8 10 7 13 22 19 13 17
Cash Flow from Operating Activities 3 5 -7 5 -17 30 25 -35 -96 18 51
Cash Flow from Investing Activities -7 -1 -1 -9 -3 -7 -10 -9 -53 -1 3
Cash Flow from Financing Activities 9 -5 10 6 17 -17 -6 41 143 -13 -66
Net Cash Inflow / Outflow 5 -1 1 2 -3 6 9 -3 -6 5 -12
Closing Cash & Cash Equivalent 7 6 8 10 7 13 22 19 13 17 6

Rama Steel Tubes Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.01 0.05 0.08 0.1 0.07 0 0.1 0.22 0.19 0.19 0.15
CEPS(Rs) 0.03 0.08 0.1 0.12 0.07 0.01 0.13 0.25 0.23 0.23 0.18
DPS(Rs) 0 0 0 0 0 0 0 0.01 0 0 0
Book NAV/Share(Rs) 0.18 0.23 0.4 0.61 0.69 0.69 0.79 1 1.61 2.16 2.34
Core EBITDA Margin(%) 2.79 5.52 6.97 5.83 3.26 2.46 3.89 5.51 3.83 5.65 2.77
EBIT Margin(%) 2.97 5.61 7.31 6.43 3.24 2.67 4.76 6.07 4.11 5.59 3.86
Pre Tax Margin(%) 0.42 3.26 4.61 4.73 1.38 -0.06 3.13 4.65 2.61 3.57 2.75
PAT Margin (%) 0.33 2.28 3.33 3.23 1.17 -0.54 2.63 3.54 2.05 2.86 2.17
Cash Profit Margin (%) 1.43 3.36 4.35 3.84 1.72 0.28 3.37 4.09 2.4 3.39 2.73
ROA(%) 0.71 5.92 7.77 8.46 3.32 -0.86 5.09 8.96 5.18 4.18 3.04
ROE(%) 3.49 26.52 25.83 19.89 7.24 -2.18 13.24 24.19 15.61 10.74 6.52
ROCE(%) 8.14 18.6 21.6 19.63 10.25 5.42 12.6 20.85 15.61 12.75 8.7
Receivable days 19.68 23.95 36.14 33.87 37.14 70.66 48.26 37.32 46.03 78.03 80.01
Inventory Days 45.28 39.57 53.33 40.94 31.01 54.46 49.19 41.12 40.58 57.1 45.07
Payable days 5.1 15.28 25 10.62 8.97 43.98 46.37 31.56 41.84 85.44 95.6
PER(x) 0 22.5 22.17 23.31 22.47 76.01 9.63 19.39 48.61 76.25 64.14
Price/Book(x) 0 5.27 4.41 3.88 2.16 0.37 1.2 4.2 5.76 6.66 4.01
Dividend Yield(%) 0 0 0 0 0 0 0 0.16 0 0 0
EV/Net Sales(x) 0.26 0.77 1 0.93 0.54 0.29 0.39 0.85 1.1 2.24 1.47
EV/Core EBITDA(x) 5.92 10.61 10.92 13 14.22 8.32 7.46 12.54 25.36 36.86 33.67
Net Sales Growth(%) 0 25.73 7.35 45.04 33.83 -30.02 33.34 63.29 74.02 -21.71 0.15
EBIT Growth(%) 0 141.14 40.42 18.12 -33.59 -42.26 137.82 109.06 17.79 6.53 -31.05
PAT Growth(%) 0 777.39 57.11 30.32 -51.99 -132.05 752.34 120.67 0.44 9.33 -24.18
EPS Growth(%) 0 777.39 46.33 28.29 -34.16 -94.91 2802.93 120.71 -11.99 -1.2 -22.38
Debt/Equity(x) 2.64 2.14 1.19 0.82 1.03 0.95 0.86 1.09 0.86 0.43 0.24
Current Ratio(x) 1.1 1.2 1.52 1.87 1.6 1.34 1.47 1.37 1.35 1.67 1.66
Quick Ratio(x) 0.77 0.7 0.77 1.28 1.05 0.93 0.85 0.87 0.86 1.3 1.32
Interest Cover(x) 1.16 2.4 2.71 3.78 1.74 0.98 2.91 4.3 2.73 2.77 3.47
Total Debt/Mcap(x) 0 0.42 0.27 0.21 0.48 2.57 0.72 0.26 0.15 0.07 0.06

Rama Steel Tubes Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 57.14 57.23 56.7 56.33 47.96 47.96 47.96 47.84 37.76 37.76
FII 0.33 0.33 0.08 0.05 0.17 0.07 0.44 0.46 5.44 5.73
DII 0.69 0.59 0 0 0 0 0 0 0 0
Public 41.84 41.86 43.23 43.62 51.87 51.97 51.6 51.7 56.8 56.51
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rama Steel Tubes News

Rama Steel Tubes Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.76%.
  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 85.44 to 95.6days.
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