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Rama Steel Tubes Ltd share Price Today

Company details

10.19
10.54
9.90
16.83
6M Return -32.36%
1Y Return -23.48%
Mkt Cap.(Cr) 1,585.32
Volume 23,344,538
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 23,344,538
NSE

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Iron & Steel Products company Rama Steel Tubes announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Revenue including other Income amounted to Rs 2,686.86 crore.
  • Total Sales Volume for Q4FY24 stood at 47,506.68 MT.
  • EBIDTA for Q4FY24 reached Rs 139.68 crore.
  • PAT Margin for Q4FY24 was Rs 76.42.

FY24 Financial Highlights:

  • Total Revenue including other Income for FY24 amounted to Rs 10,508.30 crore.
  • Total Sales Volume for FY24 stood at 1,78,644.50 MT.
  • EBIDTA for FY24 reached Rs 644.19 crore.
  • PAT Margin for FY24 was Rs 299.97.

Richi Bansal- Executive Director said that RSTL has delivered steady growth in India volumes despite the volatile operating environment. In FY24, Sales volumes is down by 10% as compared to FY23. Sales volume declined YoY due to de-stocking of material in the expectation of correction in prices. In the first two months of Q4FY24, the global steel prices had suddenly fallen down by 12-13% from the peak levels.

Due to wide raw material price fluctuations, Revenues in value terms declined by 21.70% during the FY24 as compared to FY23. EBIDTA has increased by 7.57% during FY24 on YoY basis.

Net profit has increased by 9.39% during FY24 on YoY basis as compared to FY23.

Result PDF

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Rama Steel Tubes Ltd shares SWOT Analysis

Strengths (4)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with Low Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (8)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • RSI indicating price weakness
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Resistance and support

R1 10.4
R2 10.7
R3 10.8
Pivot

10.31

S1 10.1
S2 10.0
S3 9.7
EMA SMA
10.7
11.4
12.0
12.2
10.8
11.5
12.3
12.6
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SW CAPITAL PRIVATE LIMITED Bulk Purchase 2024-07-09 10.75 8294612 NSE
VT CAPITAL MARKET PVT LTD Bulk Purchase 2024-07-09 10.71 7671623 NSE
AVIATOR GLOBAL INVESTMENT FUND Bulk Sell 2024-07-09 10.71 11019675 NSE
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Name Category Shares
NARESH KUMAR BANSAL PROMOTER 29.58%
RICHI BANSAL PROMOTER 7.57%
NIKHIL NARESH BANSAL PROMOTER 6.54%
KUMUD BANSAL PROMOTER 3.34%
KRATI BANSAL PROMOTER 2.17%
KANIKA BANSAL PROMOTER 0.54%
TARUN DHIR (Partner of M/s Arun Enterprises) PROMOTER 5.84%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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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 10.20 900.55 162.55 972.35 4,162.95
% Change -0.10 2.98 3.28 3.68 3.30
Mcap ₹ Cr 1,585.32 220,225.36 202,919.81 99,188.26 80,518.11
Revenue TTM ₹ Cr 1,336.75 175,006.00 229,170.78 53,211.52 16,890.33
Net Profit TTM ₹ Cr 27.44 8,973.00 -4,909.61 3,974.09 1,722.53
PE TTM 51.10 31.63 26.92 17.74 67.24
1 Year Return -23.48 12.49 36.31 46.28 32.94
ROCE 15.55 13.51 6.61 14.17 26.63
ROE 14.57 12.52 7.33 13.27 37.98
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 225.52 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 3,555.27 41,445.87
LAST 3M 81,242.17 56,953.52
LAST 6M 176,360.83 56,552.99
LAST 12M 304,497.96 86,223.40

Rama Steel Tubes Ltd Information

Stock PE (TTM)
51.1
Promoter Holding
56.33%
Book Value
2.2211
ROCE
15.55%
ROE
14.57%
Description

  • Rama Steel Tubes Limited was incorporated on February 26, 1974 in New Delhi. The Company is engaged in manufacturing of Steel Pipes & tubes and related products. The Company`s manufacturing facilities are located at Sahibabad, in Ghaziabad District of Uttar Pradesh and Khopoli, in Raigarh District of Maharashtra. The total installed capacity stood at 96,000 MT. The product applications have usage in various industries including automobiles, infrastructure, real estate, and furniture. 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. Initially in 1981, the Company setup a unit with 10,000 tonnes per annum and reached to an installed capacity of 2,64,000 metric tonnes per annum. During the year 2016-17, the Company acquired 100% stake in its wholly owned subsidiary, Lepakshi Tubes Private Limited. In August 2016, the Company doubled the capacity to 72000 MTPA at Khopoli in the second phase of expansion. The Company commenced operations in Southern India facility in 2017-18. It further increased the installed capacity by upgrading the Maharashtra facility and adding a new facility in Andhra Pradesh, which stood at 1,68,000 MTPA in 2018. In 2017-18, the Company commissioned first captive Solar Power Plant of 750 KW at Khopoli Unit, Maharashtra. In 2022-23, the Company acquired 51% stake in M/s Ashoka lnfrasteel and a 50% stake in M/s Hagar Mega Mart Pvt. Ltd. and further has been holding 25% stake in Peer Panchal Construction (JV).

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Registered Address

B-5 3rd Floor, Main Road Ghazipur, New Delhi, New Delhi, 110066

Tel : +91-11-43446600
Email : investors:ramasteel.com; info:ramasteel.com
Website : http://www.ramasteel.com
Registrar

Bigshare Services Pvt Ltd

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 Jul 26, 2024 03:59 PM the closing price of Rama Steel Tubes Ltd was Rs.10.20.

The latest PE ratio of Rama Steel Tubes Ltd as of Jul 26, 2024 03:59 PM is 51.10

The latest PB ratio of Rama Steel Tubes Ltd as of Jul 26, 2024 03:59 PM is 0.22

The 52-week high of Rama Steel Tubes Ltd share price is Rs. 16.83 while the 52-week low is Rs. 9.90

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 Jul 26, 2024 03:59 PM, the market cap of Rama Steel Tubes Ltd stood at Rs. 1,585.32 Cr.

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