Rama Steel Tubes Ltd. (RAMASTEEL) AI Stock Analysis

• Market Cap: ₹8.11B
• Dividend Yield: N/A
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): 176.6
• Beta (1Y): 1.24
• Revenue Growth: 14.51%
• EPS Growth: -30.02%
• Country: IN
• Employees: 157
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.01
• Shares Outstanding: 1,636,041,000
• 10 Day Avg. Volume: 497,716
• 30 Day Avg. Volume: 1,331,512
• PEG Ratio: -1.93
• Price to Book (P/B): 4.19
• Price to Sales (P/S): 1.46
• P/FCF Ratio: 59.62
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹4.50 ▼(-52.78% Downside)
• Action: Reiterated Date: 04/02/26
• Date: Action: Reiterated 04/02/26

The score is held down primarily by weak technicals (price far below key moving averages with negative MACD and very low RSI/Stoch) and a very high P/E with no dividend support. Financial performance is comparatively steadier due to improved leverage and better operating cash flow, but margin compression and inconsistent free cash flow keep the overall profile below average.

Positive Factors

Specialized ERW tubular product portfolio

Rama Steel’s focused product mix (ERW tubes, hollow sections, galvanized variants) serves construction, infrastructure and engineering customers. That specialization supports durable, repeatable order flows and operational know-how, sustaining revenue from structural sectors over a multi‑month horizon.

Negative Factors

Sustained margin compression

Declining gross and net margins indicate persistent pressure from input costs or pricing weakness. Narrower margins erode the company’s ability to generate cash and reinvest, reduce buffers against commodity swings, and make profitability more sensitive to small adverse cost or pricing changes.

Rama Steel Tubes Ltd. Business Overview & Revenue Model

Company Description

Rama Steel Tubes Limited manufactures and trades steel pipes and tubes, and rigid poly vinyl chloride and galvanized iron pipes in India and internationally. It offers ERW galvanized steel pipes and tubes, ERW black steel pipes and tubes, scaffold...

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Rama Steel Tubes Limited manufactures and trades steel pipes and tubes, and rigid poly vinyl chloride and galvanized iron pipes in India and internationally. It offers ERW galvanized steel pipes and tubes, ERW black steel pipes and tubes, scaffold...

How the Company Makes Money

RAMASTEEL primarily makes money by manufacturing and selling steel tubular products. Its main revenue stream comes from sales of ERW steel tubes and pipes (including structural hollow sections and, where applicable, galvanized variants) to custome...

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RAMASTEEL primarily makes money by manufacturing and selling steel tubular products. Its main revenue stream comes from sales of ERW steel tubes and pipes (including structural hollow sections and, where applicable, galvanized variants) to custome...

Rama Steel Tubes Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.57B	10.48B	10.47B	13.37B	7.68B	4.68B
Gross Profit	545.28M	511.38M	974.35M	928.11M	679.69M	362.82M
EBITDA	423.44M	457.93M	630.65M	580.36M	491.42M	244.62M
Net Income	190.66M	227.55M	291.28M	266.55M	273.15M	123.78M
Balance Sheet
Total Assets	8.43B	7.58B	7.34B	6.95B	3.58B	2.48B
Cash, Cash Equivalents and Short-Term Investments	914.63M	55.36M	174.06M	126.11M	176.52M	220.77M
Total Debt	1.26B	888.17M	1.45B	1.93B	1.38B	854.43M
Total Liabilities	3.69B	3.85B	3.87B	4.31B	2.32B	1.48B
Stockholders Equity	4.66B	3.64B	3.35B	2.50B	1.27B	999.45M
Cash Flow
Free Cash Flow	-328.47M	256.22M	46.02M	-1.56B	-455.22M	135.02M
Operating Cash Flow	-291.72M	395.22M	180.93M	-961.62M	-349.81M	247.19M
Investing Cash Flow	-79.26M	-6.35M	-7.78M	-531.99M	-92.32M	-101.65M
Financing Cash Flow	1.23B	-507.91M	-125.21M	1.43B	408.49M	-55.94M

Rama Steel Tubes Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAMASTEEL, the sentiment is Negative. The current price of 9.53 is above the 20-day moving average (MA) of 5.04, above the 50-day MA of 6.50, and above the 200-day MA of 9.45, indicating a bearish trend. The MACD of -0.63 indicates Negative momentum. The RSI at 44.01 is Neutral, neither overbought nor oversold. The STOCH value of 68.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RAMASTEEL.

Rama Steel Tubes Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APOLLOPIPE	72 Outperform	₹19.51B	-99.18	―	0.23%	9.39%	-26.87%
HARIOMPIPE	66 Neutral	₹8.65B	25.01	―	0.17%	17.98%	-0.62%
HITECH	66 Neutral	₹17.28B	27.40	―	0.03%	9.05%	-4.65%
VSSL	62 Neutral	₹22.46B	20.43	―	1.03%	-1.47%	-15.20%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VENUSPIPES	61 Neutral	₹23.31B	23.46	―	0.08%	17.45%	-7.82%
RAMASTEEL	49 Neutral	₹8.11B	176.56	―	―	14.51%	-30.02%

Rama Steel Tubes Ltd. Corporate Events