Rama Steel Tubes Ltd (NSE: RAMASTEEL): Small-cap company Rama Steel Tubes is once again offering a huge present to its investors. Rama Steel Tubes has approved the award of bonus shares at an amount of 2:1.
The company that is involved in the steel and products made in the iron sector will issue 2 bonus shares for each share.
The company hasn’t yet set a record date for these bonus shares. It is the third time in the past 7 years the company Rama Steel Tubes is going give bonuses to its investors.
Rama Steel Tubes is giving bonuses to shareholders to celebrate for the 3rd time within seven years.
The company previously granted bonus shares at a proportion of 1:1 on January 20, 2023.
The company offered four bonus shares for each share. Rama Steel Tubes was also awarded bonus shares in the proportion of 4:1 in March 2026.
The company is part of that industry Iron and Iron Products industry and also had a Stock split in March 2016.
The company divided the portion of the amount of face value, which was Rs 10 into two shares worth of each Rs 5.
The shares of Rama Steel Tubes have seen an explosive increase of 4385 percent within less than four years.
The shares of the company were 1.03 at the time of May 13, 2020. The shares of Rama Steel Tubes have reached an amount of 46.20 in January 2024.
The company’s shares have risen by 1371 percent during the past three years. Shares of Rama Steel Tubes stood at 3.14 on January 22, 2021, and then amounted to 46.20 on the 24th of January 2024.
The 52-week peak of shares in Rama Steel Tubes is Rs 50.50. However, the 52-week low of shares held by the company is 26.10 rupees.
About Rama Steel Tubes Ltd
Rama Steel Tubes Limited is an Indian-based business. It is among the most renowned producers of Steel Pipes & Tubes, Rigid PVC and G.I. Pipes, as well as Square section items.
The company was founded in 1974. The products include electric resistance welding (ERW) tubes of steel (black or galvanized) as well as scaffolding the pipes, glaze, scaffolding, lighting poles, and classic fire-fix, galvanic agro, galvanic environmental, structural hollow section, casing, and more.
They are situated in South Anantpur, Andhra Pradesh; North Sahibabad, Uttar Pradesh as well as West Khopoli, Maharashtra.
The company’s total operating income is 1009.87 crores while the equity capital amounts to Rs 46.58 crores.
Fundamental Analysis of Rama Steel Tubes Ltd
| Market Cap | ₹ 2,232 Cr. |
| Current Price | ₹ 45.10 |
| 52-wk High | ₹ 50.50 |
| 52-wk Low | ₹ 26.45 |
| Stock P/E | 69.8 |
| Book Value | ₹ 6.25 |
| Dividend | 0.00 % |
| ROCE | 15.8 % |
| ROE | 15.2 % |
| Face Value | ₹ 1.00 |
| P/B Value | 7.36 |
| OPM | 5.18 % |
| EPS | ₹ 0.68 |
| Debt | ₹ 142 Cr. |
| Debt to Equity | 0.46 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹55 | ₹79 |
| 2025 | ₹85 | ₹120 |
| 2026 | ₹122 | ₹184 |
| 2027 | ₹204 | ₹241 |
| 2028 | ₹250 | ₹260 |
| 2029 | ₹300 | ₹340 |
| 2030 | ₹350 | ₹394 |
| Promoters Holding | |
| Dec 2022 | 65.40% |
| Mar 2023 | 65.11% |
| June 2023 | 63.91% |
| Sept 2023 | 57.14% |
| Dec 2023 | 57.22% |
| FII Holding | |
| Dec 2022 | 3.33% |
| Mar 2023 | 2.74% |
| June 2023 | 2.16% |
| Sept 2023 | 0.33% |
| Dec 2023 | 0.33% |
| DII Holding | |
| Dec 2022 | 0.66% |
| Mar 2023 | 0.67% |
| June 2023 | 0.63% |
| Sept 2023 | 0.69% |
| Dec 2023 | 0.59% |
| Public Holding | |
| Dec 2022 | 30.60% |
| Mar 2023 | 31.48% |
| June 2023 | 33.30% |
| Sept 2023 | 41.83% |
| Dec 2023 | 41.84% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 504 Cr |
| 2020 | ₹ 353 Cr |
| 2021 | ₹ 470 Cr |
| 2022 | ₹ 768 Cr |
| 2023 | ₹ 1,265 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 8 Cr |
| 2020 | ₹ 0 Cr |
| 2021 | ₹ 12 Cr |
| 2022 | ₹ 27 Cr |
| 2023 | ₹ 34 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1 |
| 2020 | 0.91 |
| 2021 | 0.82 |
| 2022 | 1.09 |
| 2023 | 0.77 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | 16% |
| 3 Years: | 296% |
| Current Year: | 43% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 15% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | 29% |
| 3 Years: | 56% |
| Current Year: | 24% |
Conclusion
This article is a complete guide about Rama Steel Tubes Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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