IPO Plus

NSE · RAMASTEEL · Steel

Rama Steel Tubes Limited

ESM · ESM 1 Promoter stake −1.71pp
4.17
₹677 Cr market cap
P/E
51.75
EPS
₹0.08
Book value
₹2.92
ROE
263.51%
ROCE
6.88%
Debt / equity
0.27

Revenue & net profit by period

Bars = revenue (₹ Cr) · line = net profit (₹ Cr). Straight from disclosed results.

02665327991065Sep 24Dec 24Mar 25Mar 25Jun 25Sep 25Dec 25Mar 26
Revenue (₹ Cr) Net profit (₹ Cr)

Latest period: revenue ₹188 Cr with net profit ₹1 Cr — a 0.79% net margin, versus 1.54% the period before.

Shareholding

As of 2026-06-30

34.18%
promoter holding
  • Promoter34.18%
  • Public63.12%
  • FII2.7%

8,08,539 shareholders on record

Promoter holding trend

Each disclosed period, oldest to newest

47.96%34.18%Sep 24Jun 26

52-week position

Where the current price sits in its yearly band

3.434.1711.58

The band spans 3.38× from low to high.

Risk flags

Derived from disclosed data

  • Under exchange surveillance — ESM · ESM 1. Trading may carry price bands, periodic call auction or higher margins.
  • Promoter holding fell 1.71 percentage points to 34.18% in the latest disclosure.

Peer comparison

Steel - Medium / Small · ranked #44 of 115 by market cap · medians across 49 industry peers

P/E
51.75vs 33.02 peer med
P/B
1.42vs 2.93 peer med
ROE %
263.51vs 11.45 peer med
Margin %
117.07vs 5.14 peer med
CompanyMkt capP/EP/BROEMargin
Sarda Energy & Minerals Ltd.₹18,204 Cr16.572.4715%19.6%
Godawari Power & Ispat Ltd.₹16,743 Cr54.552.6913.79%14.88%
Ratnamani Metals & Tubes Ltd.₹16,671 Cr34.024.0611.74%10.74%
Usha Martin Ltd.₹15,499 Cr28.434.6914.11%13.21%
Gallantt Ispat Limited₹14,209 Cr115.74.2814.6%11%
Mishra Dhatu Nigam Ltd.₹7,331 Cr55.744.798.58%11.12%
Sunflag Iron & Steel Company Ltd.₹6,431 Cr30.90.752.28%5.14%
Technocraft Industries (India) Ltd.₹5,807 Cr20.352.8714.11%10.34%
Aeroflex Industries Ltd.₹5,733 Cr318.5312.8212.41%12.57%
Goodluck India Limited₹4,980 Cr82.323.3412.12%4.45%
Rama Steel Tubes Limited(this company)₹682 Cr52.131.432.64%1.17%

AI analysis

AI-generated · google/gemini-2.5-flash

Rama Steel Tubes Limited, incorporated in 1974, manufactures and sells steel pipes and tubes, including mild steel electric resistance welded (ERW) black steel pipes, galvanized iron (GI) pipes, and specialty pipes. The company also provides structural steel products, telecommunication and infrastructure solutions, and solar project solutions. It exports its products to various countries. As of March 2026, the company reported a revenue of Rs 188.49 Cr and a net profit of Rs 1.48 Cr.

Positives

  • +The company's profit margin is 117.07%.
  • +Return on Equity (ROE) is 263.51%.
  • +Debt-to-equity ratio is 0.33, suggesting a low debt burden.
  • +Promoter pledge is 0%, indicating no shares have been pledged by the promoters.

Negatives

  • The promoter holding decreased from 61.2871% in June 2020 to 34.1811% in June 2026.
  • The number of shareholders increased significantly from 3,792 in June 2020 to 808,539 in June 2026.
  • The company is currently under ESM surveillance.

Business

Rama Steel Tubes Limited manufactures and sells steel pipes and tubes in India. The company's product portfolio includes mild steel electric resistance welded (ERW) black steel pipes and tubes, galvanized iron (GI) pipes, and various specialty pipes. It also offers structural steel products, telecommunication and infrastructure solutions for substations, radar towers, and railway electrification systems, and solar project solutions. The company exports its products to the United Kingdom, United Arab Emirates, and others.

Financial Performance

The company’s revenue increased by 0.15% to Rs 11,423.68 Cr. In the financial year ending March 2025, revenue was Rs 1064.82 Cr with a net profit of Rs 22.75 Cr. For the quarter ending March 2026, the company reported a revenue of Rs 188.49 Cr and a net profit of Rs 1.48 Cr.

Profitability & Returns

Rama Steel Tubes Limited reported an EPS of 0.08 and a Return on Equity (ROE) of 263.51%. The Return on Capital Employed (ROCE) stood at 6.88%. The company's profit margin for the latest reported period was 117.07%.

Balance Sheet

The company has a debt-to-equity ratio of 0.33, indicating a relatively low reliance on debt financing. The book value per share is Rs 2.92. Dividend yield for the company is 0%.

Ownership & Pledges

Promoter holding as of June 30, 2026, was 34.1811%. Public shareholding was 63.1182%, with institutional holdings (FIIs and DIIs) at 2.7007%. There are no reported promoter pledges.

Regulatory & Surveillance

The company is under ESM surveillance, categorized as 'ESM 1', indicating specific monitoring measures.

Data as of — price: 2026-07-30 · financials: Mar 26 · shareholding: Jun 26. Figures are restated only when the company files again, so a period shown here is the most recent one on record — not necessarily the current quarter.

How this is produced: every figure above is computed from exchange filings and financial data mirrored by IPO Plus — no figure is generated or estimated. This is a factual summary for information and education only. It is not investment advice, not a recommendation to buy, sell or hold any security, and contains no price targets. Verify against the company's filings and the exchanges before any decision.

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