Rama Steel Tubes Ltd., a leading manufacturer of steel pipes and tubes, saw its share price surge by 3.17% on the NSE and 3.23% on the BSE as of 16 September, 2024. The stock closed at ₹15.97, with a total trading volume of 147,506,871 shares and a combined turnover of ₹236.60 crores.
The company’s 52-week high stands at ₹17.55, reached on 09-09-2024, while the 52-week low was recorded at ₹9.9 on 04-06-2024. Over the last one month, the stock price of Rama Steel Tubes Ltd. has increased by 47%, although it is down by -59.26% over the last one year.
Main Points
- Market Cap: ₹2,154 Cr
- Book Value: ₹2.23
- Stock P/E: 87.92
- Revenue: ₹950.63 Cr (trailing 12-month basis)
- Total Debt: Data not available
- Face Value: ₹1
- ROCE: 12.8%
- ROE: 10.4%
- Earnings: Data not available
- Promoter’s Holdings: Data not available
- EPS: ₹0.19
- Debt to Equity: 0.43
- Dividend Yield: 0.00%
- Cash: Data not available
From a technical standpoint, Rama Steel Tubes is comfortably placed above its key moving averages, around 31% and 18% from 50DMA and 200DMA. The stock recently broke out of a base in its weekly chart but failed to maintain its momentum and is trading around -16% from the pivot point.
Rama Steel Tubes has an operating revenue of ₹950.63 Cr on a trailing 12-month basis. The company witnessed an annual revenue de-growth of -22%, which needs improvement. Its pre-tax margin of 4% and ROE of 8% are fair but require improvement. However, the company has a reasonable debt to equity ratio of 0.43, signaling a healthy balance sheet.
O’Neil Methodology Perspective
From an O’Neil Methodology perspective, the stock has an EPS Rank of 82, which is a GOOD score indicating consistency in earnings. Its RS Rating of 37 is POOR, indicating underperformance compared to other stocks. The company has a Buyer Demand score of B+, which is evident from recent demand for the stock. Its Group Rank of 129 indicates it belongs to a poor industry group of Steel-Producers, and its Master Score is D, close to being the worst.
Institutional holding has gone up in the last reported quarter, which is a positive sign.
Peer Comparison
| Company | Price | Market Cap (Cr) | P/E |
|---|---|---|---|
| Ratnamani Metals & Tubes | 43.81 | NA | NA |
| Technocraft Industries (India) | 30.21 | NA | NA |
| JTL Industries Ltd | 38.73 | NA | NA |
| Venus Pipes & Tubes | 46.98 | NA | NA |
| Date | Purpose | Remarks |
|---|---|---|
| 2024-08-14 | Quarterly Results | Data not available |
| 2024-05-30 | Audited Results | Data not available |
| 2024-04-22 | Others | Data not available |
| 2024-02-14 | Quarterly Results | Data not available |
| 2024-01-24 | Bonus issue | Data not available |
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