Rama Steel Tubes share price, P/E, ROE & financials

Rama Steel Tubes (RAMASTEEL) had a P/E of 40.5× on 6 Nov 2026, above the industry P/E of 19.9×, and the shares are 64% below their 52-week high. Its ROCE of 5.5% is the lowest among the 7 largest Steel peers, and sales and net profit fell 5.6% and 22% a year over 3 years. Debt is 0.27× equity. It is a small-cap company with a market cap of ₹663 Cr, ranked 71st of 150 Steel companies by market cap; the shares fell 59% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹4.19
Day high: ₹4.19
Day low: ₹4.00
Prev. close: ₹4.14
Volume: 15.4 L

Health check

6 to check

ReturnsBehind
−59.1% over a year, better than 0 of 7 peers.
Price tagPricier
P/E 40.5 vs industry 19.9.
GrowthShrinking
Sales −5.6%, profit −22.1% a year over 3 years.
ProfitabilityWeak
ROCE 5.5% vs peer median 18.7%.
Balance sheetStretched
Debt 0.27× equity, interest covered 2.5×, Piotroski 2 of 9.
Red flags5 to check
Return on equity is low at 3.0%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹663 Cr, #71 of 150 in its industry by size.

Moves with the market

Beta 1.15 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹1,079 Cr · profit ₹12 Cr

Market cap: ₹663 Cr; Small cap
P/E: 40.5; Industry 19.9
Price to book: 1.21; Peers 2.28
Dividend yield: 0.00%
ROE: 3.0%; Peers 23.4%
ROCE: 5.5%; Peers 18.7%
Debt to equity: 0.27; Debt ₹130 Cr
EPS (TTM): ₹0.10; Face value ₹1
OPM (TTM): 2.0%; Net margin 1.1%
Sales growth: −16.7%; Latest quarter vs a year ago
Profit growth: −4.0%; Latest quarter vs a year ago
Price to sales: 0.61; EV/EBITDA 38.2

Risks to check

Return on equity is low at 3.0%.
Quarterly sales down 16.7% on a year ago.
P/E of 40.5 against an industry P/E of 19.9.
64% below its 52-week high.
Interest coverage of only 1.5×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Rama Steel Tubes

Rama Steel Tubes Limited manufactures and sells steel pipes and tubes in India. The company offers mild steel electric resistance welded (ERW) black steel pipes and tubes, galvanized iron (GI) pipes, and specialty pipes. It also provides structural steel products comprising square and rectangular hollow sections; telecommunication and infrastructure solutions for substations, radar towers, and railway electrification systems; and solar project solutions,…

Headquarters: New Delhi
Employees: 100
Sector: Basic Materials
ISIN: INE230R01035
Website: ramasteel.com

Price range

52 weeks

₹3.43₹11.29

Today

₹4.00₹4.19

Avg volume (3M): 15.7 L
1-year return: minus 59.1%
From 52-week high: minus 64.1%

Peers · Steel

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
JSWSTEELJSW Steel	1,357.10	plus 0.11%	3,31,265	11.7	12.2	18.7%	17.7%	0.62	3.6%	plus 14.7%
TATASTEELTata Steel	186.30	plus 2.36%	2,32,397	21.1	9.1	11.3%	15.2%	0.89	−1.6%	plus 1.5%
JINDALSTELJindal Steel	1,165.00	plus 1.31%	1,18,594	41.5	14.9	7.5%	15.9%	0.42	−13.1%	plus 6.4%
LLOYDSMELloyds Metals And Energy	1,785.50	minus 1.38%	1,00,482	19.1	18.8	19.4%	37.4%	1.23	71.3%	plus 37.4%
SAILSteel Authority of India	171.60	minus 0.41%	70,880	12.6	8.1	7.2%	12.9%	0.50	2.0%	plus 24.7%
NMDCNMDC	70.40	minus 0.01%	61,894	8.3	6.2	28.4%	30.0%	0.19	22.0%	minus 5.2%
APLAPOLLOAPL Apollo Tubes	2,185.30	minus 0.41%	60,677	46.3	32.7	28.0%	8.2%	0.17	12.6%	plus 23.3%
RAMASTEELRama Steel Tubes	4.05	minus 2.17%	663	40.5	45.3	5.5%	2.0%	0.27	−5.6%	minus 59.1%
Median of 7 peers	–	−0.01%	1,00,482	19.1	12.2	18.7%	15.9%	0.50	3.6%	14.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
268	320	289	246	223
267	316	283	242	217
1.6	4.9	6.2	4.3	6.1
0.6%	1.5%	2.2%	1.7%	2.7%
10.1	2.1	2.3	4.2	1
3	3.2	2.9	3.4	1.7
1.5	1.4	1.5	1.5	1.6
7.2	2.4	4.2	3.6	3.8
31.1%	57.7%	57.8%	−4.0%	−43.1%
5.3	1.4	2.2	4.3	5.1
0.03	0.04	0.01	0.02	0.03

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −5.6%
Profit CAGR 3Y: −22.1%
EPS CAGR 3Y: −42.3%
ROE: 3.0%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,327	1,039	1,040	1,117
–	minus 21.7%	+0.1%	+7.4%
1,276	979	1,011	1,100
51.5	59.7	29.4	17.4
3.9%	5.7%	2.8%	1.6%
5.8	3.7	8.4	17.2
17.6	19.9	11	12
4.7	5.6	5.9	5.8
−0	−0.3	8	0.6
35	37.5	28.9	17.4
21.5%	20.1%	21.2%	37.3%
26.7	29.1	22.8	12.6
–	+9.2%	minus 21.9%	minus 44.7%
0.37	0.54	0.15	0.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
46.6	154	155	164
204	181	209	314
193	146	88.8	130
252	253	305	283
695	734	758	890
103	85.9	81.4	105
28.4	8.1	10.2	28
13.1	6.5	4.7	10.8
9.2	15	1.1	3.9
541	619	661	743
695	734	758	890

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−96.2	18.1	51	−109
−53.2	−0.8	2.6	−9.2
143	−12.5	−65.5	118
−6.1	4.8	−11.9	−0.1
−60	−13.5	−13.9	−7.6
−156	4.6	37.1	−116

Shareholding pattern

Source: NSE filings

33.9%

promoters

Promoters33.93%
Public66.07%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	33.93%	66.07%	minus 0.25
30 Jun 2026	34.18%	65.82%	minus 1.71
31 Mar 2026	35.89%	64.11%	minus 1.87
31 Dec 2025	37.76%	62.24%	0.00
30 Sep 2025	37.76%	62.24%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

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