Rama Steel Tubes
- P/E
- 50.38
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 5.43%
- Debt to Equity
- 0.27
- EPS (TTM)
- ₹0.08
- Book Value
- ₹2.92
- Market Cap
- —
- P/E (TTM)
- 50.38
- P/B
- 1.38
- ROE
- 2.75%
- Dividend Yield
- 12.17%
- EBITDA
- ₹35.20 Cr
- 52W High
- ₹11.29
- 52W Low
- ₹3.43
- Day Range
- ₹3.97 – ₹4.19
- Volume
- 18,75,408
Peer Comparison
Industrials › Industrial Products › Iron & Steel Products
| ₹2,400.00 | 27.41 | ₹60,980 Cr | 5.96 | 0.22% | 19.40% | 22.90% | ₹17,300 Cr | ₹2,319 Cr | |
| ₹2,199.80 | 49.69 | ₹60,246 Cr | 10.64 | 0.39% | 25.40% | 31.80% | ₹23,065 Cr | ₹1,229 Cr | |
| ₹1,231.40 | 30.60 | ₹34,478 Cr | 2.78 | 0.15% | 9.70% | 13.00% | ₹19,584 Cr | ₹1,121 Cr | |
| ₹2,449.40 | 39.67 | ₹17,025 Cr | 4.18 | 0.42% | 12.60% | 17.90% | ₹4,314 Cr | ₹514 Cr | |
| ₹253.22 | 29.51 | ₹15,754 Cr | 1.28 | 0.81% | 8.20% | 10.40% | ₹18,501 Cr | ₹498 Cr | |
| ₹486.00 | 29.21 | ₹14,245 Cr | 4.49 | 0.81% | 15.10% | 19.50% | ₹3,837 Cr | ₹508 Cr | |
| ₹529.15 | 29.28 | ₹12,939 Cr | 3.66 | 0.38% | 15.60% | 18.20% | ₹4,437 Cr | ₹436 Cr | |
| Rama Steel Tubes (this company) | ₹4.03 | 50.38 | ₹659 Cr | 1.38 | 12.17% | 2.75% | 5.43% | ₹1,079 Cr | ₹12 Cr |
| Median 8 companies | ₹880.28 | 30.06 | ₹16,390 Cr | 3.92 | 0.41% | 13.85% | 18.05% | ₹10,869 Cr | ₹511 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 21
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 35
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 20
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 36
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 14
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 45
- Weak
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 33.9%
- Company has a low return on equity of 5.02% over last 3 years.
- Earnings include an other income of Rs.9.70 Cr.
- Promoter holding has decreased over last 3 years: -23.2%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 7 | 6 | 6 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Overall
Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 51.91
- Neutral
- MACD (12,26,9)
- −0.08
- Bullish
- SMA (50)
- 4.12
- Bearish
- SMA (200)
- 5.26
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +16.60% |
|---|---|
| 5Y | +19.05% |
| 3Y | −5.62% |
| 1Y | +7.25% |
| TTM | −1.84% |
Net profit
| 10Y | +6.25% |
|---|---|
| 5Y | −1.73% |
| 3Y | −25.87% |
| 1Y | −52.17% |
| TTM | −44.09% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹13 Cr |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −4.69 pp |
|---|---|
| 5Y | −2.32 pp |
| 3Y | −2.30 pp |
| 1Y | −1.26 pp |
| TTM | +0.25 pp |
Revenue by year
| Mar 2017 | ₹260 Cr |
|---|---|
| Mar 2018 | ₹377 Cr |
| Mar 2019 | ₹504 Cr |
| Mar 2020 | ₹353 Cr |
| Mar 2021 | ₹470 Cr |
| Mar 2022 | ₹768 Cr |
| Mar 2023 | ₹1,337 Cr |
| Mar 2024 | ₹1,047 Cr |
| Mar 2025 | ₹1,048 Cr |
| Mar 2026 | ₹1,124 Cr |
Net profit by year
| Mar 2017 | ₹9.00 Cr |
|---|---|
| Mar 2018 | ₹13.00 Cr |
| Mar 2019 | ₹8.00 Cr |
| Mar 2020 | ₹0.00 Cr |
| Mar 2021 | ₹12.00 Cr |
| Mar 2022 | ₹27.00 Cr |
| Mar 2023 | ₹27.00 Cr |
| Mar 2024 | ₹30.00 Cr |
| Mar 2025 | ₹23.00 Cr |
| Mar 2026 | ₹11.00 Cr |
AI Analysis — Bull vs Bear
Rama Steel Tubes Ltd is a small-cap industrial products company with a market cap of Rs.1,063 Cr trading at a PE of 68.9x. The company has seen a 55% stock price decline over the past year alongside a 22% TTM profit decline, while its 10-year sales CAGR of 17% reflects longer-term revenue growth in the steel tubes segment.
- Long-term revenue compounding remains healthy with a 10-year sales CAGR of 17% and 5-year sales CAGR of 19%, indicating sustained demand for its products over extended periods
- TTM sales growth has turned positive at 7%, suggesting a potential recovery in top-line momentum after a 3-year sales CAGR of -6%
- 10-year compounded profit growth of 8% shows the company has been able to grow earnings over longer cycles despite recent weakness
- Price-to-book ratio of 1.65x is relatively modest for a small-cap industrial company, implying limited premium over book value
- 10-year stock CAGR of 12% demonstrates long-term wealth creation for early investors despite recent sharp corrections
- 5-year stock CAGR of 8% remains positive even after the recent 55% drawdown, indicating the stock had meaningful gains in prior years
- The company operates in the steel tubes and pipes segment which benefits from India's ongoing infrastructure buildout including housing, water supply, and construction sectors
- Stock has declined 55% in the last 1 year, significantly destroying shareholder value and indicating severe market concern about fundamentals
- PE ratio of 68.9x is extremely elevated for an industrial products company, especially one with declining profits, suggesting the stock remains expensive despite the correction
- TTM profit has declined 22% and 3-year compounded profit CAGR is -22%, showing sustained earnings deterioration
- Return on equity is very low at 5.44% over the last 3 years and just 3% in the last year, well below the cost of equity for a small-cap company
- Promoter holding is low at 34.2% and has further decreased by 1.71% in the last quarter, raising governance and alignment concerns
- Despite reporting repeated profits, the company does not pay dividends to shareholders, though it shows a reported dividend yield of 10.37% which appears inconsistent with this known concern
- Earnings quality is questionable as other income of Rs.18.7 Cr forms a meaningful component of reported profits, flattering the bottom line
- 3-year stock CAGR of -29% indicates a prolonged period of value destruction, not just a short-term blip
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Limited recent news flow for Rama Steel Tubes. The company divested a non-core land asset in Sahibabad for INR 26.75 Cr, which could unlock capital for core operations but has no direct bearing on operational performance. With no visible headwinds or positive catalysts in the current news cycle, the near-term outlook remains neutral pending further operational or financial updates.
- Non-core land sold for ₹26.75Cr Jul 17
Rama Steel Tubes approved sale of a non-core business unit in Sahibabad to Paras Buildwell LLP for INR 26.75 Cr, with the agreement executed on July 17, 2026.
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 313 | 203 | 262 | 268 | 217 | 263 | 275 | 293 | 268 | 320 | 289 | 246 | 223 |
| Expenses | 296 | 191 | 245 | 255 | 205 | 262 | 270 | 281 | 267 | 316 | 283 | 242 | 217 |
| Operating Profit | 16.14 | 12.15 | 17.23 | 13.46 | 11.41 | 0.58 | 4.97 | 12.06 | 1.57 | 4.91 | 6.24 | 4.28 | 6.09 |
| OPM % | 5.16% | 5.98% | 6.57% | 5.02% | 5.27% | 0.22% | 1.81% | 4.11% | 0.59% | 1.53% | 2.16% | 1.74% | 2.73% |
| Other Income | 2.04 | 1.13 | 1.78 | 0.42 | 0.94 | 9.3 | 5.43 | 1.59 | 10.07 | 2.1 | 2.34 | 4.22 | 1.04 |
| Interest | 7.19 | 3.94 | 7.27 | 2.84 | 3.23 | 2.66 | 2.87 | 2.91 | 2.98 | 3.23 | 2.87 | 3.39 | 1.7 |
| Depreciation | 1.42 | 1.33 | 1.45 | 1.45 | 1.73 | 1.4 | 1.37 | 1.37 | 1.47 | 1.4 | 1.48 | 1.46 | 1.63 |
| PBT | 9.57 | 8.01 | 10.29 | 9.58 | 7.41 | 5.82 | 6.16 | 9.37 | 7.19 | 2.38 | 4.23 | 3.65 | 3.8 |
| Tax % | 22.05% | 17.98% | 13.31% | 21.07% | 16.33% | 27.03% | 9.9% | 28.71% | 31.15% | 57.98% | 57.92% | −3.84% | −43.16% |
| Net Profit | 7.46 | 6.57 | 8.92 | 7.65 | 6.2 | 4.31 | 5.55 | 6.67 | 4.95 | 1 | 1.78 | 3.79 | 5.45 |
| EPS (₹) | 0.05 | 0.04 | 0.06 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | 0.03 | 0.03 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 192 | 242 | 260 | 377 | 504 | 353 | 470 | 768 | 1,337 | 1,047 | 1,048 | 1,124 | 1,079 |
| Expenses | 187 | 227 | 240 | 354 | 488 | 344 | 452 | 726 | 1,285 | 987 | 1,019 | 1,107 | 1,058 |
| Operating Profit | 6 | 15 | 20 | 22 | 16 | 9 | 18 | 42 | 51 | 59 | 29 | 17 | 22 |
| OPM % | 3% | 6% | 8% | 6% | 3.3% | 2.5% | 3.9% | 5% | 3.9% | 6% | 2.8% | 1.5% | 2% |
| Other Income | 3 | 3 | 4 | 5 | 5 | 6 | 8 | 9 | 8 | 5 | 17 | 18 | 10 |
| Interest | 5 | 6 | 8 | 6 | 9 | 10 | 8 | 11 | 20 | 21 | 12 | 12 | 11 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 4 | 5 | 6 | 6 | 6 | 6 |
| PBT | 1 | 9 | 13 | 18 | 9 | 2 | 15 | 36 | 35 | 38 | 29 | 17 | 14 |
| Tax % | 22% | 30% | 28% | 31% | 11% | 80% | 16% | 24% | 22% | 20% | 21% | 37% | — |
| Net Profit | 1 | 6 | 9 | 13 | 8 | 0 | 12 | 27 | 27 | 30 | 23 | 11 | 12 |
| EPS (₹) | 0.01 | 0.05 | 0.08 | 0.1 | 0.07 | 0 | 0.1 | 0.22 | 0.19 | 0.19 | 0.15 | 0.08 | 0.08 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 47 | 154 | 155 | 164 |
| Reserves | 18 | 18 | 44 | 70 | 79 | 79 | 92 | 118 | 204 | 181 | 209 | 314 |
| Borrowings | 56 | 58 | 57 | 63 | 90 | 83 | 85 | 138 | 193 | 145 | 89 | 130 |
| Other Liabilities | 21 | 23 | 26 | 11 | 24 | 67 | 62 | 94 | 252 | 254 | 305 | 283 |
| Total Liabilities | 96 | 107 | 135 | 153 | 200 | 238 | 248 | 358 | 695 | 734 | 758 | 890 |
| Fixed Assets | 12 | 17 | 26 | 42 | 41 | 41 | 51 | 57 | 106 | 110 | 103 | 109 |
| CWIP | 6 | 1 | 1 | 0 | 1 | 7 | 4 | 6 | 1 | 1 | 10 | 4 |
| Investments | 13 | 12 | 2 | 2 | 5 | 7 | 8 | 8 | 13 | 6 | 5 | 11 |
| Other Assets | 65 | 77 | 106 | 109 | 154 | 183 | 184 | 288 | 574 | 617 | 640 | 767 |
| Total Assets | 96 | 107 | 135 | 153 | 200 | 238 | 248 | 358 | 695 | 734 | 758 | 890 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3 | 5 | −7 | 5 | −17 | 30 | 25 | −35 | −96 | 18 | 51 | −109 |
| Investing | −7 | −2 | −1 | −9 | −3 | −7 | −10 | −9 | −53 | −1 | 3 | −9 |
| Financing | 9 | −5 | 10 | 6 | 17 | −17 | −6 | 41 | 143 | −13 | −66 | 118 |
| Net Cash Flow | 5 | −1 | 1 | 2 | −3 | 6 | 9 | −3 | −6 | 5 | −12 | 0 |
| Free Cash Flow | −2 | 3 | −20 | −6 | −20 | 23 | 14 | −46 | −146 | 9 | 51 | −113 |
| CFO/EBITDA | 65 | 41 | −19 | 41 | −75 | 351 | 139 | −75 | −172 | 53 | 196 | −611 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 36 | 46 | 37 | 47 | 75 | 41 | 50 | 64 | 76 | 85 | 98 |
| Inventory Days | 55 | 54 | 84 | 37 | 40 | 61 | 62 | 53 | 58 | 51 | 47 | 45 |
| Days Payable | 5 | 26 | 25 | 5 | 15 | 67 | 43 | 37 | 63 | 88 | 106 | 90 |
| Cash Conversion Cycle | 71 | 64 | 105 | 69 | 72 | 69 | 60 | 67 | 58 | 38 | 26 | 53 |
| Working Capital Days | −3 | 10 | 39 | 40 | 36 | 33 | 26 | 26 | 35 | 78 | 85 | 91 |
| ROCE % | — | 19% | 22% | 20% | 12% | 7% | 13% | 21% | 15% | 12% | 7% | 5% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Rama Steel Tubes insights
62 extracted metrics across FY11–FY27.
Documents
- Q2 FY23 concall · Nov 2022Transcript
- Concall · Feb 2022PPT
- Concall · Feb 2022PPT
- Concall · Sep 2021PPT
- Q2 FY18 concall · Dec 2017PPT
- 16 Jul 2026
- 22 Dec 2025
- 25 Nov 2025
- 21 Mar 2025
- 12 Jan 2024
- General announcements 10 Oct 2026
Frequently Asked Questions about Rama Steel Tubes
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What is the 52-week high and low of Rama Steel Tubes Ltd?
Does Rama Steel Tubes Ltd pay dividends?
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Company Information
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.
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