Rama Steel Tubes Ltd

Rama Steel Tubes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rama Steel Tubes Ltd

₹ 12.0 -0.08%
22 Nov - 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 ₹ 1,860 Cr.
  • Current Price ₹ 12.0
  • High / Low ₹ 17.6 / 9.90
  • Stock P/E 70.7
  • Book Value ₹ 2.26
  • Dividend Yield 0.00 %
  • ROCE 12.8 %
  • ROE 10.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -8.37%
  • Company's cost of borrowing seems high

* 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

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
192.99 184.98 251.90 240.02 347.24 350.25 399.24 312.52 203.33 262.39 268.27 216.64 263.05
183.77 175.85 236.26 233.71 339.57 340.68 371.59 296.38 191.18 245.16 254.81 205.23 262.47
Operating Profit 9.22 9.13 15.64 6.31 7.67 9.57 27.65 16.14 12.15 17.23 13.46 11.41 0.58
OPM % 4.78% 4.94% 6.21% 2.63% 2.21% 2.73% 6.93% 5.16% 5.98% 6.57% 5.02% 5.27% 0.22%
2.97 2.97 -0.92 3.60 3.33 7.10 -5.33 2.04 1.13 1.78 0.51 0.96 9.40
Interest 2.50 2.89 3.25 3.84 4.06 5.69 6.62 7.19 3.94 7.27 2.84 3.23 2.66
Depreciation 1.08 1.13 1.08 1.06 1.18 1.23 1.25 1.42 1.33 1.45 1.45 1.73 1.40
Profit before tax 8.61 8.08 10.39 5.01 5.76 9.75 14.45 9.57 8.01 10.29 9.68 7.41 5.92
Tax % 17.65% 30.69% 28.78% 15.57% 10.94% 20.00% 19.24% 22.05% 17.98% 13.31% 21.07% 16.33% 27.03%
7.09 5.60 7.40 4.23 5.13 7.80 11.67 7.46 6.58 8.92 7.65 6.20 4.31
EPS in Rs 0.06 0.04 0.06 0.03 0.04 0.05 0.08 0.05 0.04 0.06 0.05 0.04 0.03
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 Mar 2023 Mar 2024 TTM
192 242 260 377 504 353 470 768 1,337 1,047 1,010
187 227 240 354 488 344 452 726 1,285 987 968
Operating Profit 6 15 20 22 16 9 18 42 51 59 43
OPM % 3% 6% 8% 6% 3% 2% 4% 5% 4% 6% 4%
3 3 4 5 5 6 8 9 8 5 13
Interest 5 6 8 6 9 10 8 11 20 21 16
Depreciation 2 3 3 2 3 3 3 4 5 6 6
Profit before tax 1 9 13 18 9 2 15 36 35 38 33
Tax % 22% 30% 28% 31% 11% 80% 16% 24% 22% 20%
1 6 9 13 8 0 12 27 27 30 27
EPS in Rs 0.01 0.05 0.08 0.10 0.07 0.00 0.10 0.22 0.19 0.19 0.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 3% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 31%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 33%
TTM: -18%
Stock Price CAGR
10 Years: %
5 Years: 86%
3 Years: 53%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 15%
Last Year: 10%

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 Mar 2024 Sep 2024
Equity Capital 1 7 8 8 8 8 8 8 47 154 155
Reserves 18 18 40 68 79 79 92 118 179 179 196
56 58 57 63 90 83 85 138 193 145 96
21 23 31 14 24 67 62 94 277 256 223
Total Liabilities 96 107 135 153 200 238 248 358 695 734 670
12 17 26 42 41 41 51 57 106 110 103
CWIP 6 1 1 0 1 7 4 6 1 1 6
Investments 13 12 2 2 5 7 8 8 13 6 6
65 77 106 109 154 183 184 288 574 617 555
Total Assets 96 107 135 153 200 238 248 358 695 734 670

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 Mar 2024
3 5 -7 5 -17 30 25 -35 -96 18
-7 -2 -1 -9 -3 -7 -10 -9 -53 -1
9 -5 10 6 17 -17 -6 41 143 -13
Net Cash Flow 5 -1 1 2 -3 6 9 -3 -6 5

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 Mar 2024
Debtor Days 21 36 46 37 47 75 41 50 64 76
Inventory Days 55 54 84 37 40 61 62 53 58 51
Days Payable 5 26 25 5 15 67 43 37 63 88
Cash Conversion Cycle 71 64 105 69 72 69 60 67 58 38
Working Capital Days 65 67 95 82 84 96 69 77 79 119
ROCE % 19% 22% 20% 12% 7% 13% 21% 16% 13%

Shareholding Pattern

Numbers in percentages

72 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.33% 70.46% 70.46% 65.40% 65.40% 65.11% 63.91% 57.14% 57.22% 56.70% 56.33% 47.97%
0.59% 0.38% 2.76% 4.49% 3.33% 2.74% 2.16% 0.33% 0.33% 0.08% 0.05% 0.17%
0.00% 0.71% 0.71% 0.66% 0.66% 0.67% 0.63% 0.69% 0.59% 0.00% 0.00% 0.00%
37.08% 28.45% 26.07% 29.44% 30.60% 31.48% 33.30% 41.83% 41.84% 43.24% 43.61% 51.87%
No. of Shareholders 7,52127,02619,27324,27833,59254,99759,60871,73374,0861,64,8802,79,7518,51,948

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Nov 2022
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  • Feb 2022
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  • Feb 2022
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  • Sep 2021
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  • Dec 2017
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  • Sep 2017
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  • May 2017
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  • Feb 2017
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  • Nov 2016
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  • Aug 2016
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