Rama Steel Tubes Limited

BSE: RAMASTEEL539309ISIN INE230R01035

Industrials
Iron & Steel Products
BSE Industrials

Share price

₹4.05-0.09 (-2.17%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹11.30
52W low: ₹3.44
Off 52W high: -64.16%
1M return: -7.95%
3M return: -13.65%
6M return: -29.57%
1Y return: -60.06%
20D avg volume: 1,53,940
50 DMA: ₹4.12
200 DMA: ₹5.27

Key ratios Consolidated

Market cap: ₹662.60 Cr
Current price: ₹4.05
52W high / low: ₹11.30 / ₹3.44
Face value: ₹1.00
P/E: 55.08
P/B: 1.39
EPS (TTM): ₹0.07
Book value / share: ₹2.92
ROE: —
ROCE: 5.50%
Operating margin: —
Net margin: —
Debt / equity: 0.27
Net debt: ₹123.25 Cr
Interest cover: 2.36
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 55.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	223.34	246.15	289.38	320.45	268.13	293.20	275.17	263.05	216.63	268.27	262.39	203.33
	1.04	3.75	2.33	2.10	10.07	1.24	5.29	9.30	0.94	0.42	1.78	1.13
	224.38	249.90	291.72	322.55	278.21	294.44	280.46	272.35	217.58	268.69	264.17	204.46
	220.57	246.73	287.50	320.17	271.01	285.41	274.44	266.53	210.18	259.10	253.69	196.24
	135.58	157.46	172.71	232.74	178.75	212.26	225.81	222.00	170.05	236.12	205.39	174.42
	72.63	84.96	88.43	74.55	79.11	53.82	49.52	34.81	27.06	32.86	23.22	0.94
	1.97	1.99	2.09	2.06	2.07	2.03	3.06	3.04	3.12	2.92	2.92	3.29
	1.70	3.39	2.87	3.23	2.98	2.91	2.87	2.66	3.23	2.84	7.27	3.94
	1.63	1.46	1.48	1.40	1.47	1.37	1.37	1.40	1.73	1.45	1.45	1.33
	5.30	7.87	6.78	7.10	5.83	9.69	6.04	4.23	5.85	7.37	5.87	6.75
	3.81	3.17	4.21	2.38	7.19	9.03	6.02	5.82	7.39	9.58	10.48	8.22
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	3.81	3.17	4.21	2.38	7.19	9.03	6.02	5.82	7.39	9.58	10.48	8.22
	-1.64	-0.15	2.44	1.37	2.24	2.69	0.61	1.60	1.21	2.04	1.37	1.44
	5.45	3.79	1.78	1.01	4.96	6.68	5.55	4.32	6.20	7.64	8.92	6.57
	0.03	0.03	0.01	0.04	0.03	0.08	0.04	0.03	0.04	0.12	0.18	0.09
Key metrics
	7.14	8.02	8.56	7.01	11.64	13.31	10.26	9.88	12.35	13.87	19.20	13.49
	3.20%	3.30%	3.00%	2.20%	4.30%	4.50%	3.70%	3.80%	5.70%	5.20%	7.30%	6.60%
	2.40%	1.50%	0.60%	0.30%	1.80%	2.30%	2.00%	1.60%	2.90%	2.80%	3.40%	3.20%
	—	1.20%	—	1.10%	—	3.10%	—	—	—	—	—	—
	-16.70%	-16.00%	5.20%	21.80%	23.80%	9.30%	4.90%	29.40%	—	—	—	—
	9.90%	-43.30%	-67.90%	-76.60%	-20.00%	-12.60%	-37.80%	-34.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,079	1,124	1,048	1,047	1,337	768.17
	9.22	18.25	16.77	4.32	6.80	9.21
	1,089	1,142	1,065	1,051	1,344	777.37
	1,075	1,125	1,037	1,014	1,310	740.78
	698.49	679.82	784.12	844.41	929.79	488.79
	320.57	388.89	211.20	107.60	419.93	219.18
	8.11	8.21	9.08	12.62	13.17	11.34
	11.19	12.46	11.67	21.25	20.21	10.89
	5.97	5.82	5.86	5.64	4.73	4.27
	27.05	27.59	27.98	25.90	28.21	22.58
	13.57	16.96	28.26	36.79	33.30	36.59
	0.00	0.00	0.00	0.00	0.00	0.00
	13.57	16.96	28.26	36.79	33.30	36.59
	2.02	6.50	6.11	7.53	7.53	8.63
	12.03	10.95	22.74	30.00	27.44	27.32
	0.11	0.08	0.30	0.50	1.22	16.41
Key metrics
	30.73	35.24	45.79	63.68	58.24	51.75
	2.85%	3.10%	4.40%	6.10%	4.40%	6.70%
	1.11%	1.00%	2.20%	2.90%	2.10%	3.60%
	—	5.50%	10.50%	—	—	—
	-1.84%	7.30%	0.10%	-21.70%	74.00%	—
	-44.07%	-51.80%	-24.20%	9.30%	0.40%	—
	—	-115.86	-20.35	—	—	—
	—	-9.93	-0.28	—	—	—
	—	0.27	0.24	—	—	—
	—	123.25	82.40	—	—	—
	—	55.2	29.4	—	—	—
Balance sheet
	—	890.41	757.97	—	—	—
	—	640.20	625.93	—	—	—
	—	5.39	5.50	—	—	—
	—	301.87	243.27	—	—	—
	—	131.12	127.42	—	—	—
	—	201.80	249.72	—	—	—
	—	75.37	69.98	—	—	—
	—	263.03	286.16	—	—	—
	—	355.25	376.05	—	—	—
	—	128.64	87.90	—	—	—
	—	78.19	81.02	—	—	—
	—	50.45	6.88	—	—	—
	—	482.77	373.17	—	—	—
Cash flow
	—	-108.76	-6.45	—	—	—
	—	-9.22	39.81	—	—	—
	—	117.87	73.78	—	—	—
	—	7.10	-13.90	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	174.08	188.49	244.02	279.15	242.67	237.40	224.75	219.58	158.30	207.70	211.46	155.63
	1.44	3.93	2.78	2.84	10.99	2.47	6.16	10.18	1.54	5.20	2.02	1.37
	175.52	192.42	246.81	281.99	253.65	239.87	230.91	229.77	159.84	212.91	213.48	157.00
	173.24	190.39	241.85	278.04	245.17	232.79	226.49	225.36	156.62	203.71	205.94	151.66
	97.87	98.67	132.44	193.95	157.23	178.30	194.23	195.85	130.20	185.39	174.57	128.92
	72.63	84.96	88.43	74.55	79.11	44.23	17.09	13.75	18.31	15.66	12.90	13.81
	1.51	1.44	1.53	1.56	1.59	1.53	2.36	2.49	2.47	2.44	2.28	2.67
	1.65	1.97	1.60	1.60	1.82	1.85	2.03	1.40	1.69	3.04	4.96	1.27
	1.22	1.02	1.06	1.04	1.20	1.07	1.05	1.11	1.43	1.24	1.13	1.04
	3.47	5.18	4.92	5.22	4.63	6.89	4.11	3.36	4.32	5.80	—	5.24
	2.28	2.03	4.96	3.95	8.49	7.08	4.42	4.41	3.21	9.20	7.54	5.34
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	2.28	2.03	4.96	3.95	8.49	7.08	4.42	4.41	3.21	9.20	7.54	5.34
	-1.92	0.56	1.19	1.11	2.04	2.64	0.36	1.48	0.63	1.90	1.84	1.34
	4.20	1.48	3.77	2.84	6.45	4.44	4.06	2.92	2.58	7.29	5.70	4.00
	0.03	0.01	0.02	0.02	0.04	0.03	0.03	0.02	0.02	0.14	0.08	0.08
Key metrics
	5.15	5.02	7.62	6.59	11.51	10.00	7.50	6.92	6.33	13.48	13.63	7.65
	3.00%	2.70%	3.10%	2.40%	4.70%	4.20%	3.30%	3.20%	4.00%	6.50%	6.40%	4.90%
	2.40%	0.80%	1.50%	1.00%	2.70%	1.90%	1.80%	1.30%	1.60%	3.50%	2.70%	2.60%
	—	0.90%	—	1.30%	—	2.80%	—	—	—	—	—	—
	-28.30%	-20.60%	8.60%	27.10%	53.30%	14.30%	6.30%	41.10%	—	—	—	—
	-34.90%	-66.70%	-7.10%	-2.70%	150.00%	-39.10%	-28.80%	-27.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	885.74	954.33	840.03	794.07	1,010	517.32
	10.99	20.53	20.35	9.67	3.99	4.29
	896.74	974.87	860.38	803.74	1,014	521.60
	883.52	955.44	841.26	773.88	991.37	506.43
	522.93	520.45	652.59	673.34	855.16	441.14
	320.57	388.89	139.38	55.64	81.68	53.00
	6.04	6.11	7.15	9.79	9.26	7.99
	6.82	6.99	6.97	12.31	11.30	7.87
	4.34	4.32	4.66	4.38	3.08	3.14
	18.79	19.95	20.38	19.38	20.47	15.63
	13.22	19.43	19.12	29.86	22.49	15.18
	0.00	0.00	0.00	—	—	—
	13.22	19.43	19.12	29.86	22.49	15.18
	0.94	4.89	5.12	7.16	6.03	4.01
	12.29	14.54	14.00	22.70	16.45	10.52
	0.08	0.09	0.09	0.43	0.71	6.25
Key metrics
	24.38	30.74	30.75	46.55	36.87	26.19
	2.75%	3.20%	3.70%	5.90%	3.70%	5.10%
	1.39%	1.50%	1.70%	2.90%	1.60%	2.00%
	—	6.20%	8.10%	—	—	—
	-4.18%	13.60%	5.80%	-21.40%	95.20%	—
	-31.23%	3.90%	-38.30%	38.00%	56.40%	—
	—	16.13	166.31	—	—	—
	—	1.31	12.34	—	—	—
	—	0.14	0.23	—	—	—
	—	55.01	66.81	—	—	—
	—	39.9	40.2	—	—	—
Balance sheet
	—	549.05	518.31	—	—	—
	—	327.21	374.33	—	—	—
	—	1.58	4.56	—	—	—
	—	135.26	168.33	—	—	—
	—	29.82	50.01	—	—	—
	—	160.54	151.40	—	—	—
	—	40.13	44.51	—	—	—
	—	60.70	125.70	—	—	—
	—	124.83	196.41	—	—	—
	—	56.59	71.37	—	—	—
	—	55.80	64.84	—	—	—
	—	0.79	6.53	—	—	—
	—	418.83	310.97	—	—	—
Cash flow
	—	19.00	172.75	—	—	—
	—	-93.36	17.65	—	—	—
	—	71.38	40.72	—	—	—
	—	2.87	6.44	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -1.87%
Sales CAGR 5Y: —
Profit CAGR 3Y: -4.03%
Profit CAGR 5Y: —
Sales YoY (TTM): -4.18%
Profit YoY (TTM): -31.23%

Consolidated

Sales CAGR 3Y: -5.61%
Sales CAGR 5Y: —
Profit CAGR 3Y: -26.38%
Profit CAGR 5Y: —
Sales YoY (TTM): -1.84%
Profit YoY (TTM): -44.07%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 33.94%

Holder	Type	Holding	Previous	Change
NARESH KUMAR BANSAL	Promoter	17.42%	—	—
NIKHIL NARESH BANSAL	Promoter	6.22%	—	—
KUMUD BANSAL	Promoter	3.17%	—	—
RICHI BANSAL	Promoter	2.92%	—	—
MINERVA VENTURES FUND	Public	2.44%	—	—
KRATI BANSAL	Promoter	2.06%	—	—
MURLI INFRATECH LLP	Public	1.71%	—	—
TARUN DHIR (Partner of M/s Arun Enterprises)	Promoter Group	1.26%	—	—
KANIKA BANSAL	Promoter	0.51%	—	—
CHARANJIT LAL DHIR	Promoter Group	0.23%	—	—
TARUN DHIR (Partner of M/s Dhir Enterprises)	Promoter Group	0.14%	—	—
SANGEETA DHIR	Promoter Group	0.01%	—	—
TARUN DHIR	Promoter Group	0.00%	—	—
PREM DHIR	Promoter Group	0.00%	—	—
ARUN DHIR	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Welspun Corp Limited	62,814	2,390.60	26.60	16.70%	+13.62% TTM	+9.55% TTM	+158.46%
APL Apollo Tubes Limited	60,557	2,198.30	46.60	28.20%	+15.83% TTM	+24.90% TTM	+23.52%
Shyam Metalics and Energy Limited S	35,594	1,231.00	58.56	12.00%	+6.12% TTM	+12.47% TTM	+38.81%
Ratnamani Metals & Tubes Ltd	17,208	2,453.80	33.44	16.30%	-16.31% TTM	-8.61% TTM	+0.53%
Jindal Saw Ltd.	16,560	253.35	32.58	10.80%	-0.73% TTM	-55.61% TTM	+48.64%
Usha Martin Ltd.	14,861	485.60	29.16	18.20%	+8.54% TTM	+25.85% TTM	+2.31%
GODAWARI POWER AND ISPAT LTD.	13,946	205.65	17.14	17.90%	+8.43% TTM	+8.78% TTM	-26.21%
GALLANTT ISPAT LIMITED	12,931	528.55	31.30	18.00%	+5.52% TTM	-17.31% TTM	-5.83%
Jayaswal Neco Industries Ltd S	8,870	91.72	12.94	24.20%	+18.34% TTM	+82.81% TTM	+21.19%
Maharashtra Seamless Ltd.	7,688	556.00	10.11	13.00%	-12.21% TTM	-16.12% TTM	-3.03%
Aeroflex Industries Limited	7,149	567.10	83.87	16.50%	+55.03% TTM	+87.04% TTM	+210.65%
Sunflag Iron & Steel Co. Ltd.	7,022	392.30	34.35	3.70%	+9.35% TTM	+4.58% TTM	+48.12%
Technocraft Industries (India) Ltd.	6,286	2,719.40	17.69	19.30%	+12.39% TTM	+33.31% TTM	+12.14%
Man Industries (India) Ltd	5,973	767.35	28.17	16.10%	+10.75% TTM	+26.33% TTM	+94.91%
Shivalik Bimetal Controls Ltd.	5,758	1,072.50	58.24	25.00%	+27.78% TTM	+33.44% TTM	+130.55%
Goodluck India Limited	5,320	542.70	24.86	19.40%	+18.76% TTM	+31.22% TTM	+32.51%
SAMBHV STEEL TUBES LIMITED	4,965	165.80	25.04	17.50%	—	—	+41.23%
Bansal Wire Industries Limited	4,950	59.80	5.97	16.20%	+20.27% TTM	+2.82% TTM	-2.99%
Surya Roshni Ltd.	4,758	206.40	14.41	15.00%	+11.69% TTM	+8.34% TTM	-31.93%
Electrosteel Castings Ltd.	4,302	68.60	35.12	5.10%	-15.69% TTM	-78.91% TTM	-23.36%
Kalyani Steels Ltd	3,778	864.65	13.40	16.20%	-1.11% TTM	+8.01% TTM	+1.58%
Venus Pipes & Tubes Limited S	3,757	1,840.60	40.76	22.80%	+21.73% TTM	+15.01% TTM	+45.10%
Kirloskar Industries Ltd	3,574	3,308.30	10.24	—	+3.82% TTM	-0.15% TTM	-12.15%
Vardhman Special Steels Ltd S	3,502	356.90	21.41	13.50%	+14.75% TTM	+68.58% TTM	+20.94%
Ratnaveer Precision Engineering Limited S	3,128	380.35	41.84	13.30%	+21.02% TTM	+45.53% TTM	—
Rama Steel Tubes Limited	679	4.05	55.08	5.50%	-1.84% TTM	-44.07% TTM	-60.06%

Filings & corporate actions

Recent announcements

Rama Steel Tubes Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on October 21, 2026. Further, the company has informed the Exchange ....22 Oct 2026 · AGM/EGM / EGM
Rama Steel Tubes Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on October 21, 202621 Oct 2026 · AGM/EGM / EGM
Rama Steel Tubes Limited has informed the Exchange about Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.10 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Rama Steel Tubes Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding ....1 Oct 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Naresh Kumar Bansal30 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Rama Steel Tubes Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 202630 Sep 2026 · AGM/EGM / AGM
Rama Steel Tubes Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201526 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication.26 Sep 2026 · Company Update / Newspaper Publication
Rama Steel Tubes Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 21, 2026.25 Sep 2026 · AGM/EGM / EGM
Rama Steel Tubes Limited has informed the Exchange about issue of Securities by way of Preferential Issue.22 Sep 2026 · Company Update / Preferential Issue
Rama Steel Tubes Limited has informed the Exchange about Amendment in Share Purchase Agreement dated 11th December, 2025.22 Sep 2026 · Company Update / Memorandum of Understanding /Agreements
Rama Steel Tubes Limited has informed the Exchange regarding the alteration of the Capital Clause to MOA of the company.22 Sep 2026 · Company Update / Amendments to Memorandum & Articles of Association
Rama Steel Tubes Limited has informed the Exchange regarding Outcome of Board Meeting held on September 22, 2026.22 Sep 2026 · Board Meeting / Outcome of Board Meeting
Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/09/2026 ,inter alia, to consider and approve Raising of funds by way of ....17 Sep 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tarun Dhir12 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication.8 Sep 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Report FY 2025 267 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the Financial Year 2025-26.7 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of 52nd Annual General Meeting (AGM), scheduled to be held on Wednesday, 30th September 2026, at 12:30 P.M. (IST), through Video Conferencing (VC)/Other Audio Visual Means (OAVM).7 Sep 2026 · AGM/EGM / AGM
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication.1 Sep 2026 · Company Update / Newspaper Publication
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication.15 Aug 2026 · Company Update / Newspaper Publication
Appointment of Mrs. Anju Kumari (DIN: 10729753) as Additional Non- Executive- Independent Woman Director of the Company.14 Aug 2026 · Company Update / Change in Management
The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026.14 Aug 2026 · Result / Financial Results
Rama Steel Tubes Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone and Consolidated) for the period ended Jun 30, 2026.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Un-audited Standalone and ....6 Aug 2026 · Board Meeting / Board Meeting
Rama Steel Tubes Limited has informed the Exchange about sale of unit.17 Jul 2026 · Company Update / General
Rama Steel Tubes Limited has informed the Exchange about Credit Rating-withdrawn.13 Jul 2026 · Company Update / Credit Rating
Rama Steel Tubes Limited has informed the Exchange about Certificate under Regulation 74(5) SEBI (Depositories and Participants) Regulations, 2018.8 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Rama Steel Tubes Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Rama Steel Tubes Limited has informed the Exchange about Copy of Newspaper Publication.1 Jun 2026 · Company Update / Newspaper Publication
Rama Steel Tubes Limited has informed the Exchange about Restructuring.30 May 2026 · Company Update / Restructuring
Rama Steel Tubes Limited has informed the Exchange regarding Appointment of Internal Auditor of the Company for financial year 2026-27.30 May 2026 · Company Update / General
Rama Steel Tubes Limited has informed the Exchange regarding change in Corporate Office of the company.30 May 2026 · Company Update / Change in Corporate Office Address
Rama Steel Tubes Limited has informed the Exchange regarding change in Registered Office of the company.30 May 2026 · Company Update / Change in Registered Office Address
Audited Financial Results ( Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026.30 May 2026 · Result / Financial Results
Rama Steel Tubes Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.30 May 2026 · Board Meeting / Outcome of Board Meeting
Annual Secretarial Compliance Report for the financial year ended March 31, 2026.25 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Rama Steel Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve financial results (standalone ....21 May 2026 · Board Meeting / Board Meeting
Rama Steel Tubes Limited has informed the Exchange about Withdrawal of proposed preferential issue of up to 15,34,50,146 equity shares.25 Apr 2026 · Company Update / Preferential Issue
Rama Steel Tubes Limited has informed the Exchange about Action(s) taken or orders passed.15 Apr 2026 · Company Update / General

Board meetings

14 Aug 2026 Board Meeting - Financial Results