Rama Steel Tubes Ltd

NSE
RAMASTEEL •
BUY

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Start SIP in Rama Steel Tubes Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
66.73% Gain from 52W Low
17.1
TTM PE Ratio
High in industry
66.7
Price to Book Ratio
Below industry Median
8.5
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
1.7
RSI
RSI is mid-range
57.4
MFI
MFI is mid-range
48.5

Rama Steel Tubes Ltd Key Financials

*All values are in ₹ Cr.

Rama Steel Tubes Ltd shareholding Pattern

Promoter
57.2%
Foreign Institutions
0.3%
Mutual Funds
0.6%
Domestic Institutions
0.6%
Public
41.8%

Rama Steel Tubes Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
42.70
10Day EMA
42.30
12Day EMA
42.30
20Day EMA
42.20
26Day EMA
41.90
50Day EMA
40.90
100Day EMA
39.50
200Day EMA
37.50
Delivery & Volume
Resistance & Support
43.67
Pivot
Resistance
First Resistance
45.18
Second Resistance
46.27
Third Resistance
47.78
Support
First Support
42.58
Second support
41.07
Third Support
39.98
Relative Strength Index
57.42
Money Flow Index
48.49
MACD
0.32
MACD Signal
0.41
Average True Range
2.68
Average Directional Index
27.30
Rate of Change (21)
-3.29
Rate of Change (125)
12.79

Rama Steel Tubes Ltd Company background

Founded in: 1974
Rama Steel Tubes Limited was incorporated on February 26, 1974, having its registered office in New Delhi. The Company is engaged into the business of manufacturing steel pipes and tubes, G.I. Pipes in India and related products. Its manufacturing facilities are located at Sahibabad in Uttar Pradesh , Khopoli, Raigarh in Maharasthra and Hindupur in Andhra Pradeshthrough wholly owned SubsidiaryLepakshi Tubes Pvt. Ltd. The total installed capacity stood at 96,000 MT. The key products in portfolio include Galvanized Tubes, ERW Black Steel Pipes Tubes, Scaffolding Pipes Tubes, Structural Steel Products and Hollow Sections. The Company also has a wholly owned foreign subsidiary in Dubai, UAE in the name of RST International Trading FZE, which is engaged in trading of building construction material item. As on March 31, 2017, the Company had 2 subsidiaries Companies, namely, RST International Trading FZE and Lepakshi Tubes Private Limited, wherby 1 entity is registered in India and 1 is registered outside India. In FY 2015, the Company has issued and allotted 12,44,500 equity shares of Rs. 10/ each as Bonus shares. Consequently, the paidup equity share capital increased from Rs. 24,89,000/ to Rs. 1,49,34,000/ as on March 31, 2015.The Board of Directors recommended subdivision of Equity Shares of Rs. 10/ each into two Equity Shares of Rs. 5/ each and Bonus shares in the ratio of 4:1, which was approved by shareholders in an Extraordinary General Meeting, held on March 1, 2016. Accordingly, the Equity Shares of face value of Rs. 10/ each were subdivided into two Equity Shares of face value of Rs. 5/ each by way of corporate action to the shareholders who held shares on the Record Date March 15, 2016. Further, bonus shares in the ratio of 4:1 were allotted to members who held the equity shares on Record Date i.e., March 15, 2016 by capitalization of balance in the Free Reserves amounting to Rs. 5,97,36,000/. Consequently the issued, subscribed and paidup equity share capital increased from Rs. 1,49,34,000 divided into 14,93,400 Equity shares of Rs. 10/ each to Rs. 7,46,70,000 divided into 1,49,34,000 Equity shares of Rs. 5/each.In FY 20162017, the Company has issued 11,00,000 equity shares of Rs. 5/ each on preferential basis to the persons belonging to nonpromoter category. Consequently the issued, subscribed and paidup equity share share capital increased from Rs. 7,46,70,000 divided into 1,49,34,000 Equity shares of Rs. 5/each to Rs. 8,01,70,000 divided into 1,60,34,000 Equity shares of Rs 5/ each.During the year 201617, the Company acquired 100% stake in its wholly owned subsidiary, Lepakshi Tubes Private Limited.The Company has issued and allotted on preferential basis 15,00,000 fully convertible warrants at a price of Rs. 122/ each to persons belonging to promoter category on March 29, 2017 against which the 25% upfront money was received from them to the Company on or before 29 March 2017. Out of which 6,00,000 fully convertible warrants and 1,60,000 fully convertible warrants were converted into equivalent number of equity shares on 12 May 2017 and 27 May 2017 respectively on receipt of balance 75% money from the allottee(s) in respect of said warrants. As per Regulation 75 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, the convertible securities of the issuer shall be converted within eighteen months from the date of their allotment. By virtue of this, the remaining 7,40,000 fully convertible warrants must be converted on or before 28 September 2018. The allottee has not made payment of balance 75% of money in respect of 7,40,000 fully convertible warrants on or before 28 September 2018, therefore by virtue of Regulation 75 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 7,40,000 fully convertible warrants were cancelled and 25% upfront money of 7,40,000 warrants forfeited.The issued, subscribed and paidup equity share capital of the Company is Rs. 8,39,70,000 divided into 1,67,94,000 Equity shares of Rs. 5/ each in FY 201819.
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Rama Steel Tubes Ltd FAQs

Rama Steel Tubes Ltd shares are currently priced at 44.1 on NSE and 44.15 on BSE as of 2/21/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Rama Steel Tubes Ltd [RAMASTEEL] share was 31.05. The Rama Steel Tubes Ltd [RAMASTEEL] share hit a 1-year low of Rs. 26.45 and a 1-year high of Rs. 50.5.

The market cap of Rama Steel Tubes Ltd is Rs. 2175.7 Cr. as of 2/21/2024 12:00:00 AM.

The PE ratios of Rama Steel Tubes Ltd is 84.9 as of 2/21/2024 12:00:00 AM.

The PB ratios of Rama Steel Tubes Ltd is 8.18 as of 2/21/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.59% at the end of 2/21/2024 12:00:00 AM.

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