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Rama Steel Tubes Ltd share Price Today

Company details

12.50
12.85
10.68
16.83
6M Return -1.02%
1Y Return 8.58%
Mkt Cap.(Cr) 1,953.37
Volume 4,861,059
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 4,861,059

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Iron & Steel Products company Rama Steel Tubes announced Q3FY24 results:

Q3FY24 Financial Performance:

  • Total Revenue: The company reported a total revenue, including other income, of Rs 2,641.67 million, marking a QoQ increase of 29.20%.
  • Total Sales Volume: Rama Steel Tubes reached a total sales volume of 46,919.80 metric tons, which is a 31.11% increase compared to the previous quarter.
  • EBIDTA: The EBIDTA stood at Rs 191.97 million, witnessing a 42.26% increase in QoQ.
  • PAT Margin: The Profit After Tax (PAT) Margin, including Other Comprehensive Income (OCI), reached Rs 86.61 million, a significant QoQ rise of 93.93%.

9MFY24 Financial Performance:

  • Total Revenue: In a nine-month comparison, the total revenue decreased by 17.64% to Rs 7821.43 million.
  • Total Sales Volume: Sales volume saw a slight decline of 0.52%, totaling 1,31,138 metric tons.
  • EBIDTA: The EBIDTA for the nine months increased by 39.34% compared to the previous year, amounting to Rs 498.31 million.
  • PAT Margin: Net profit including OCI observed an 8.43% increase year-over-year, totaling Rs 200.07 million.

Business Strategy and Updates:

  • Rama Steel Tubes decided to rescind the proposed Scheme of Arrangement for amalgamating Lepakshi Tubes Private Limited with Rama Steel Tubes Limited, prioritizing separate operations for competitive advantage.
  • The company experienced warrant forfeiture from "The Great International Tusker Fund" due to non-receipt of due amount, resulting in 16,55,760 warrants being forfeited. Forfeited amount of Rs 316.25 Lakh was transferred to "Capital Reserve" under Other Equity.
  • After warrant conversion into equity shares, 36,00,000 Equity Shares were allotted on October 11, 2023, along with bonus shares to the warrant holders.

Richi Bansal, Executive Director, said, "RSTL has delivered steady growth in India volumes despite the volatile operating environment. In 9MFY24, Sales volumes are almost unchanged as compared to 9MFY23. In Q3FY24, Sales volumes and revenue increased respectively by 31.11% and 29.20% as compared to Q2FY24 however in Q3FY24, sales volume declined YoY due to the de-stocking of material in the expectation of correction in prices. In the first two months of Q3FY24, the global steel prices had suddenly fallen by 12-13% from the peak levels.

Due to wide raw material price fluctuations, Revenues in value terms declined by 17.64% during 9MFY24 as compared to 9MFY23.

EBIDTA has increased by 25.69% and 39.34% respectively during Q3FY24 and 9MFY24 on YoY basis."

 

 

Result PDF

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Rama Steel Tubes Ltd shares SWOT Analysis

Strengths (3)

  • Companies with rising net profit margins - quarterly as well as TTM basis
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Zero Promoter Pledge

Weakness (3)

  • Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 12.8
R2 13.0
R3 13.2
Pivot

12.67

S1 12.5
S2 12.3
S3 12.1
EMA SMA
12.8
13.0
13.1
12.8
12.9
13.1
13.4
12.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
BANSAL SHASHI Bulk Sell 2024-04-22 12.7 8000000 NSE
JAINAM BROKING LIMITED Bulk Purchase 2024-04-03 14.07 25176 NSE
JAINAM BROKING LIMITED Bulk Sell 2024-04-03 13.9 3002763 NSE
Name Category Shares
NARESH KUMAR BANSAL PROMOTER 29.77%
RICHI BANSAL PROMOTER 7.62%
NIKHIL NARESH BANSAL PROMOTER 6.59%
KUMUD BANSAL PROMOTER 3.36%
KRATI BANSAL PROMOTER 2.19%
KANIKA BANSAL PROMOTER 0.54%
TARUN DHIR (Partner of M/s Arun Enterprises) PROMOTER 5.88%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Rama Steel Tubes Ltd Stocks COMPARISON

Financials( in Cr) Rama Steel Tubes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 12.65 915.80 173.30 1,077.70 3,699.75
% Change -0.39 -0.83 -0.60 0.82 0.54
Mcap Cr 1,953.37 223,954.68 216,339.61 109,934.88 71,553.91
Revenue TTM Cr 1,336.75 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 27.44 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 55.26 26.84 88.48 18.35 106.98
1 Year Return 8.58 29.97 65.05 105.22 36.41
ROCE 15.55 8.60 12.10 14.17 33.06
ROE 14.57 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 225.52 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,128.50
LAST 3M 104,708.81 -35,737.56
LAST 6M 170,310.47 49,041.43
LAST 12M 264,009.23 126,983.18

Rama Steel Tubes Ltd Information

Stock PE (TTM)
55.26
Promoter Holding
56.7%
Book Value
2.0757
ROCE
15.55%
ROE
14.57%
Description
  • Rama Steel Tubes Limited was incorporated on February 26, 1974, having its registered office in New Delhi. The Company is engaged into the business of manufacturing steel pipes and tubes, G.I. Pipes in India and related products. Its manufacturing facilities are located at Sahibabad in Uttar Pradesh , Khopoli, Raigarh in Maharasthra and Hindupur in Andhra Pradesh-through wholly owned Subsidiary-Lepakshi Tubes Pvt. Ltd. The total installed capacity stood at 96,000 MT. The key products in portfolio include Galvanized Tubes, ERW Black Steel Pipes & Tubes, Scaffolding Pipes & Tubes, Structural Steel Products and Hollow Sections. The Company also has a wholly owned foreign subsidiary in Dubai, UAE in the name of RST International Trading FZE, which is engaged in trading of building & construction material item. As on March 31, 2017, the Company had 2 subsidiaries Companies, namely, RST International Trading FZE and Lepakshi Tubes Private Limited, wherby 1 entity is registered in India and 1 is registered outside India. In FY 2015, the Company has issued and allotted 12,44,500 equity shares of Rs. 10/- each as Bonus shares. Consequently, the paid-up equity share capital increased from Rs. 24,89,000/- to Rs. 1,49,34,000/- as on March 31, 2015. The Board of Directors recommended sub-division of Equity Shares of Rs. 10/- each into two Equity Shares of Rs. 5/- each and Bonus shares in the ratio of 4:1, which was approved by shareholders in an Extraordinary General Meeting, held on March 1, 2016. Accordingly, the Equity Shares of face value of Rs. 10/- each were sub-divided into two Equity Shares of face value of Rs. 5/- each by way of corporate action to the shareholders who held shares on the Record Date March 15, 2016. Further, bonus shares in the ratio of 4:1 were allotted to members who held the equity shares on Record Date i.e., March 15, 2016 by capitalization of balance in the Free Reserves amounting to Rs. 5,97,36,000/-. Consequently the issued, subscribed and paid-up equity share capital increased from Rs. 1,49,34,000 divided into 14,93,400 Equity shares of Rs. 10/- each to Rs. 7,46,70,000 divided into 1,49,34,000 Equity shares of Rs. 5/-each. In FY 2016-2017, the Company has issued 11,00,000 equity shares of Rs. 5/- each on preferential basis to the persons belonging to non-promoter category. Consequently the issued, subscribed and paid-up equity share share capital increased from Rs. 7,46,70,000 divided into 1,49,34,000 Equity shares of Rs. 5/-each to Rs. 8,01,70,000 divided into 1,60,34,000 Equity shares of Rs 5/- each. During the year 2016-17, the Company acquired 100% stake in its wholly owned subsidiary, Lepakshi Tubes Private Limited. The Company has issued and allotted on preferential basis 15,00,000 fully convertible warrants at a price of Rs. 122/- each to persons belonging to promoter category on March 29, 2017 against which the 25% upfront money was received from them to the Company on or before 29 March 2017. Out of which 6,00,000 fully convertible warrants and 1,60,000 fully convertible warrants were converted into equivalent number of equity shares on 12 May 2017 and 27 May 2017 respectively on receipt of balance 75% money from the allottee(s) in respect of said warrants. As per Regulation 75 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, the convertible securities of the issuer shall be converted within eighteen months from the date of their allotment. By virtue of this, the remaining 7,40,000 fully convertible warrants must be converted on or before 28 September 2018. The allottee has not made payment of balance 75% of money in respect of 7,40,000 fully convertible warrants on or before 28 September 2018, therefore by virtue of Regulation 75 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; 7,40,000 fully convertible warrants were cancelled and 25% upfront money of 7,40,000 warrants forfeited. The issued, subscribed and paid-up equity share capital of the Company is Rs. 8,39,70,000 divided into 1,67,94,000 Equity shares of Rs. 5/- each in FY 2018-19.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 539309
NSE Code : RAMASTEEL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE230R01035

FAQ’s on Rama Steel Tubes Ltd Shares

You can buy Rama Steel Tubes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rama Steel Tubes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 22, 2024 03:58 PM the closing price of Rama Steel Tubes Ltd was Rs.12.65.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 22, 2024 03:58 PM, the market cap of Rama Steel Tubes Ltd stood at Rs. 1,953.37.

The latest PE ratio of Rama Steel Tubes Ltd as of May 22, 2024 03:58 PM is 55.26

The latest PB ratio of Rama Steel Tubes Ltd as of May 22, 2024 03:58 PM is 0.16

The 52-week high of Rama Steel Tubes Ltd share price is Rs. 16.83 while the 52-week low is Rs. 10.68

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