back to top
HomeINVESTMENTShare Price ₹40; Bumper Return Of 5400%; Recent Company Profit Increased 14%

Share Price ₹40; Bumper Return Of 5400%; Recent Company Profit Increased 14%

Hot Stocks Alert Join

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 Low26.1
Stock P/E58.1
Book Value₹ 6.25
Dividend0.00 %
ROCE15.8 %
ROE15.2 %
Face Value₹ 1.00
P/B Value6.30
OPM6.21 %
EPS₹ 0.70
Debt₹ 142 Cr.
Debt to Equity0.46

Rama Steel Tubes Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹55₹79
2025₹85₹120
2026₹122₹184
2027₹204₹241
2028₹250₹260
2029₹300₹340
2030₹350₹394
Hot Stocks Alert Join

Rama Steel Tubes Ltd Shareholding Pattern

Promoters Holding
Dec 202265.40%
Mar 202365.11%
June 202363.91%
Sept 202357.14%
Dec 202357.22%
FII Holding
Dec 20223.33%
Mar 20232.74%
June 20232.16%
Sept 20230.33%
Dec 20230.33%
DII Holding
Dec 20220.66%
Mar 20230.67%
June 20230.63%
Sept 20230.69%
Dec 20230.59%
Hot Stocks Alert Join
Public Holding
Dec 202230.60%
Mar 202331.48%
June 202333.30%
Sept 202341.83%
Dec 202341.84%

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
Hot Stocks Alert Join

Last 5 Years’ Debt-To-Equity Ratio:

20191
20200.91
20210.82
20221.09
20230.77

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. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

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.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here