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Rama Steel Tubes Ltd

Rama Steel Tubes Ltd (RAMASTEEL)

₹13.05▲0.77%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Rama Steel Tubes Ltd share Performance

₹12.9
₹13.2
₹13.05
1.15%
Low
Day's Volatility:2.30%
High
1.15%
₹10.02
₹16.83
₹13.05
23.22%
Low
52 Weeks Volatility:52.18%
High
28.97%

Returns %
1 Month Return	-2.25 %
3 Month Return	-9.88 %
1 Year Return	26.09 %

Market Stats
Previous Close	₹12.95
Open	₹13.00
Volume	95.88L
Upper Circuit	-
Lower Circuit	-
Market Cap	₹1,916.69Cr

Company Information

Rama Steel Tubes Limited (RSTL) was incorporated in February 1974 and is based in New Delhi. The company is engaged in manufacturing steel pipes and tubes and related products. It has 4 manufacturing facilities in India and a foreign subsidiary in Dubai. In FY 2015, 1244500 equity shares of Rs. 10 were issued as bonus shares which increased its paid-up equity share capital to Rs. 14934000. The board recommended a 4:1 stock split and bonus share issue in March 2016 and in FY 2016-17, 1100000 equity shares of Rs. 5 were issued as preferential basis to non-promoter category which increased the paid-up equity share capital to Rs. 80170000. In March 2017, 1500000 fully convertible warrants at Rs. 122 were issued to the promoter category. As of FY 2018-19, the issued subscribed and paid-up equity share capital is Rs. 83970000 divided into 16794000 Equity shares of Rs. 5 each.

Share Price: ₹13.05 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹1,916.69Cr as of today
Revenue: ₹262.39Cr as on December 2023 (Q4 23)
Net Profit: ₹8.92Cr as on December 2023 (Q4 23)
Listing date: 24 Aug, 2015
Chairperson Name: NARESH KUMAR BANSAL

Organisation	Rama Steel Tubes Ltd
Headquarters
Industry	Steel
E-voting on shares	Click here to vote

Key events for Rama Steel Tubes Ltd

Rama Steel Tubes Board Approves Fundraising Plan - 24 Apr, 2024
Rama Steel Tubes has received approval from its board of directors to raise funds up to Rs 500 crore via a further public offer. The company's stock rose by 14% over the last week.
Rama Steel Tubes Board Approves Fundraising Plan - 23 Apr, 2024
Rama Steel Tubes plans to raise up to Rs 500 crore through a further public offer, subject to shareholder and regulatory approval. The stock gained 6% on the news.
Rama Steel Tubes to Raise Funds Through Further Public Offer - 22 Apr, 2024
The Board of Rama Steel Tubes has approved the raising of funds through a further public offer for an aggregate amount of up to Rs. 500 crore.
Rama Steel Tubes Allots Equity Shares on Conversion of Warrants - 08 Apr, 2024
Rama Steel Tubes has approved the allotment of 6,70,926 equity shares on conversion of warrants and 93,92,964 equity shares as bonus shares reserved for such warrants. The paid-up equity share capital has increased to Rs. 155,42,31,075/- divided into 155,42,31,075 equity shares of face value of Re. 1/- each.

Fundamentals of Rama Steel Tubes Ltd

Insights on Rama Steel Tubes Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 204.46 Cr → 264.17 Cr (in ₹), with an average increase of 22.6% per quarter
POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 41.86% to 43.23% in Mar 2024 quarter
POSITIVE IMPACT
Price Rise
In the last 3 years, RAMASTEEL stock has moved up by 1108.3%
POSITIVE IMPACT
Best in 3 Years
In the last 3 years, RAMASTEEL has outperformed top 5 stocks with highest market-cap in Iron & Steel
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 6.19 Cr → 9.17 Cr (in ₹), with an average increase of 32.5% per quarter
NO EFFECT
Against Peers
In the last 1 year, NMDC Ltd has given 141.8% return, outperforming this stock by 115.7%
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 0.33% to 0.08% in Mar 2024 quarter
NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 57.23% to 56.70% in Mar 2024 quarter
NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 0.59% to 0.00% in Mar 2024 quarter