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NSE:RAMASTEEL

RAMA STEEL TUBES LIMITED

Capital Goods › Industrial Products
₹3.76
at close · 28 Oct 2026
▲ 0.02 (+0.53%)

Latest filings

  1. Rama Steel Tubes EGM passes preferential allotment and capital clause amendment · Compliance
  2. EGM held; preferential share issue to non-promoters approved · Board & Shareholder Meetings
  3. Rama Steel Tubes submits demat compliance certificate for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures steel pipes and tubes, and trades in building material and steel products. For FY26, total revenue was Rs 1,124.12 crore, split between the manufacturing (steel pipes) segment at 58.4% (Rs 656.43 crore) and the trading (building material and steel products) segment at 41.6% (Rs 467.68 crore). The manufacturing segment earned an EBIT margin of 2.3%, while the trading segment ran a negative EBIT margin of -0.8%, dragging consolidated net profit down to Rs 10.95 crore. Raw materials accounted for 60.5% of revenue, making steel the dominant cost input. Full-year sales volume was 215,114.20 tonnes, up 10.2% from 195,212.53 tonnes the year before, though Q4FY26 volumes fell to 43,178.42 tonnes from 55,256.30 tonnes in Q4FY25. Manufacturing facilities are located in Uttar Pradesh, Maharashtra and Andhra Pradesh, with sales reach across 16 countries. ICRA withdrew credit ratings on bank facilities worth Rs 110 crore in July 2026; the last rating was BB+. The company sold a non-core unit at Sahibabad for Rs 26.75 crore, struck off a dormant subsidiary (Rama Defence), and saw its stake in associate Bigwin Buildsys Coated Private Limited diluted from 24.80% to 9.32%.

Revenue mix · reported segments
Manufacturing - Steel Pipes58.4%
Trading - Building Material & Steel Products41.6%
Operating scale
FY26 sales volume
215,114.20 tonnes12MFY26
Q4FY26 sales volume
43,178.42 tonnesQ4FY26
Manufacturing facilities
Uttar Pradesh, Maharashtra, Andhra Pradesh
Global sales reach
16 countries
Trading segment EBIT margin
-0.8%FY26
Who pays it
Buyers of steel pipes, tubes, GI pipes, and traded building materials and steel products across India and 16 countries.
Biggest cost
Raw materials (primarily steel) at 60.5% of revenue in FY26.
Kind of business
Cyclical, asset-light steel pipe manufacturer and trader with thin margins.
Where it sits
Iron & Steel Products company operating in India's industrial pipe and tube segment with manufacturing in three states and exports to 16 countries.
Market Cap
₹615 Cr
P / E (TTM)
34.2×
EV / EBITDA
24.0×
Div Yield
—
Growth
19.0%▲
Revenue 5y CAGR
PAT -0.3% · EBITDA +10.1%
Quality
15.4%▲
ROCE (5y median)
ROE 8.6% (5y median) · margin 3.1%
Leverage
0.27·
Debt / Equity · low
Net debt ₹123 Cr
Revenue FY21→FY26
2.4×▲
Margin −1.4 pts
₹470 Cr → ₹1,124 Cr
Cash conversion
-1.93×▼
Operating cash ÷ profit · 5 yrs
₹-228 Cr on ₹118 Cr
Moves on a normal day
1.58%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 123 Iron & Steel Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#81/105
P/B#46/101
ROCE#86/115
ROE#84/103
Debt / Equity#61/101
EBITDA margin#87/100
Revenue growth#79/97
Profit growth#66/105

Scorecard

Measured from the filed financials, judged against its Iron & Steel Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Returns on capital 15.4% (5-year median)
#86 of 115 in Iron & Steel Products on the latest reported figures · down from 14.1% in FY21
Concerns
Profit shrinking over 5 years (0% a year)
Over 5 years it reported ₹118 Cr of profit and an operating cash outflow of ₹228 Cr — -1.93×
Less than 60p of every ₹1 of profit arrived as cash
Customers are taking longer to pay — 41 → 98 days of receivables
FY21 → FY26
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

RAMASTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RAMA STEEL TUBES LIMITED's filed financials and exchange disclosures

What does RAMA STEEL TUBES LIMITED do?

RAMA STEEL TUBES LIMITED is a Industrial Products company listed on NSE and BSE, trading under the symbol RAMASTEEL.

Is RAMA STEEL TUBES LIMITED profitable?

Yes. Over the trailing twelve months RAMA STEEL TUBES LIMITED reported a net profit of ₹12 Cr on revenue of ₹1,079 Cr.

Does RAMA STEEL TUBES LIMITED pay a dividend?

Not in the latest reported year — RAMA STEEL TUBES LIMITED's dividend payout for FY26 was nil.

Is RAMA STEEL TUBES LIMITED debt-free?

No. It reported borrowings of ₹129 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹123 Cr after cash. Debt stands at 0.27× equity. That is higher than 60% of its 101 Iron & Steel Products peers.

Is RAMA STEEL TUBES LIMITED expensive compared with its peers?

On trailing P/E, RAMA STEEL TUBES LIMITED ranks 81 of 105 in Iron & Steel Products — cheaper than 23% of them, against an industry median of 15.4×. This is a position, not a valuation judgement.

How much does the RAMA STEEL TUBES LIMITED share price move in a day?

On a typical session RAMA STEEL TUBES LIMITED moves 1.58% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RAMA STEEL TUBES LIMITED's announcements?

Every NSE and BSE filing by RAMA STEEL TUBES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.