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Rama Steel Tubes Ltd share Price

Company details

36.60
37.30
19.96
46.10
6M Return 24.58%
1Y Return 59.37%
Mkt Cap.(Cr) 1,860.84
Volume 1,152,891
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,152,891

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Rama Steel Tubes announced Q1FY24 results:

  • Revenue from Operations grew by 30.20% from Rs 2,400.25 million in Q1FY23 to Rs 3,125.16 million in Q1FY24. This growth was led by robust demand for our products in the domestic market as reflected through the sales volume growth of 62.35% on a YoY basis from 29,834 MT in Q1FY23 to 48,437 MT in Q1FY24.
  • EBITDA increased by 71.60% from Rs 99.88 million in Q1FY23 to Rs 171.40 million in Q1FY24 led by an increase in the contribution of value-added products, increasing scale of operations, and improved manufacturing efficiency.
  • EBITDA Margins increased by 138 bps from 4.10% in Q1FY23 to 5.48% in Q1FY24.
  • PAT increased by 76.15% from Rs 42.34 million in Q1FY23 to Rs 74.58 million in Q1FY24.
  • PAT Margins increased on YoY basis at 2.38% in Q1FY24 against 1.74% in Q1FY23.

Commenting on the performance of Q1FY24, the management team of RSTL said, 

“We are happy to share with you our robust financial and business performance for Q1FY24. Our revenue from operations increased by 30.20% from Rs 2,400.25 million in Q1FY23 to Rs 3,125.16 million in Q1FY24. Our EBITDA margins showcased a healthy increase from 4.10% in Q1FY23 to 5.48% in Q1FY24 and PAT margins stood at 2.38% in Q1FY24 compared to 1.74% in Q1FY23.

We are thrilled to announce a significant 62.35% growth in our sales volume in the first quarter of FY24 compared to last year. This remarkable sales performance was led by increasing demand for steel tubes and pipes across various industries coupled with our proactive approach of strategically capitalizing on upcoming opportunities enabling us to grow our market presence. However, the downward pressure on steel prices and the increase in the supply of Chinese steel in India did act as a bump in the road for us causing some margin pressure. We expect steel prices to stabilize by the end of FY24.

We have entered into a significant and noteworthy partnership with JSW Steel, a leading Indian steel manufacturer. This collaboration encompasses various aspects, including the procurement of substantial 1,00,000 tons of Hot Rolled Coils (HRC) from JSW Steel on a nationwide scale, distribution of HRC throughout the entire western region of the country, and joining forces with JSW Coated Limited providing us an opportunity to produce and brand pre-galvanized pipes under the esteemed JSW Kalinga brand. This strategic alliance will lead to numerous competitive advantages, as it will grant us access to top-quality raw materials at competitive prices. Secondly, it will enable us to enhance our raw material procurement process, ensuring timely and efficient sourcing and boosting our supply chain management capabilities, ultimately leading to streamlined operations and improved overall efficiency. Thirdly, we will enjoy the patronage and will leverage the RSTL’s and JSW’s combined brand strength to make significant strides in gaining market share in the upcoming quarters.

Looking ahead, we are confident to achieve growth and success in coming quarters based on the robust demand for steel products, structural shi towards steel tubes and pipes from conventional products, robust government push, and positive economic growth demonstrated by India, and favourable market conditions. Lastly, we thank our stakeholders for believing in us and standing tall with us in all situations.”

 

Result PDF

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FINANCIALS

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Rama Steel Tubes Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 225.52 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,676.55 -6,386.02
LAST 3M 37,244.98 6,086.45
LAST 6M 47,342.46 153,492.54
LAST 12M 133,811.11 156,210.35

Rama Steel Tubes Ltd Information

Stock PE (TTM)
58.4
Promoter Holding
59.9%
Book Value
8.8349
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 Sep 22, 2023 03:58 PM the closing price of Rama Steel Tubes Ltd was ₹ 36.75.

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 Sep 22, 2023 03:58 PM, the market cap of Rama Steel Tubes Ltd stood at ₹ 1,860.84.

The latest PE ratio of Rama Steel Tubes Ltd as of Sep 22, 2023 03:58 PM is 58.4

The latest PB ratio of Rama Steel Tubes Ltd as of Sep 22, 2023 03:58 PM is 0.24

The 52-week high of Rama Steel Tubes Ltd is ₹ 46.10 while the 52-week low is ₹ 19.96

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