Multibagger Stocks: In the spectacular rise in the stock market since Covid, many stocks have made their investors rich by giving bumper returns.
One such company is Rama Steel Tubes (NSE: RAMASTEEL). In just the last 3 years, this company has given returns of more than 1,200% to its investors.
At the same time, the price of its share has increased by about 930.26 percent in the last 5 years. Share of Rama Steel Tubes closed at Rs 39.15 on the NSE on Friday, February 16.
However, about 3 years ago, on February 12, 2021, its share was available on NSE at a price of just Rs 2.95.
This way the value of shares in Rama Steel Tubes has increased by around 1,225% over the last three years.
This signifies that if a person had made a deposit of Rs. 1 lakh in stocks of Rama Steel Tubes 3 years ago and maintained the investment until this point, the value of his 1 lakh investment would increase by around 1,225 percent, which is equivalent to 13.25 lakh.
During the Corona epidemic, the share price of Rama Steel Tubes fell to the level of Rs 0.70 on March 27, 2020. Since then its prices have increased by more than 5,400 percent.
If an investor put up Rs 1 lakh for its shares in the year 2000 and today, its value of 1 lakh could have risen to the amount of Rs 55 lakh.
Talking about the recent financial results of Rama Steel Tubes, the company’s net profit in the recent December quarter had increased by about 14 percent to Rs 9 crore, which was Rs 7.80 crore in the same quarter a year ago.
However, the total income of the company declined during this period and it came down to Rs 265 crore, which was Rs 355.94 crore in the same quarter a year ago.
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.
Fundamental Analysis of Rama Steel Tubes Ltd
| Market Cap | ₹ 1,944 Cr. |
| Current Price | ₹ 39.15 |
| 52-wk High | ₹ 50.50 |
| 52-wk Low | 26.1 |
| Stock P/E | 58.1 |
| Book Value | ₹ 6.25 |
| Dividend | 0.00 % |
| ROCE | 15.8 % |
| ROE | 15.2 % |
| Face Value | ₹ 1.00 |
| P/B Value | 6.30 |
| OPM | 6.21 % |
| EPS | ₹ 0.70 |
| Debt | ₹ 142 Cr. |
| Debt to Equity | 0.46 |
Rama Steel Tubes Share Price Target 2024 To 2030
| 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 |
Rama Steel Tubes Ltd Shareholding Pattern
| 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% |
Rama Steel Tubes Ltd Share: Last 5 Years’ Financial Condition
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 | ₹ 1,177 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 8 Cr |
| 2020 | ₹ 0 Cr |
| 2021 | ₹ 12 Cr |
| 2022 | ₹ 27 Cr |
| 2023 | ₹ 35 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: | 38% |
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: | -1% |
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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
