Rama Steel Tubes Ltd
About
Rama Steel Tubes was established in 1974 by H. L. Bansal to produce steel pipes, tubes, and galvanised iron (GI) pipes. The company produces MS ERW black pipes ranging from 15mm to 200mm in diameter and GI pipes ranging from 15mm to 150mm in light, medium, and medium sizes. Its manufacturing plants and tube mills, situated in Sahibabad, Anantpur, and Khopoli, are equipped with modern technologies including tensile testing, crushing testing, flattening testing, and drift testing. Rama’s steel products find applications in sectors like the railways, telecom, the army, and irrigation. Under the leadership of Richi Bansal, the company claims a 20% export rate, serving countries like the UK, the UAE, Germany, South Africa, Ghana, Kuwait, Ethiopia, and the US.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1055 -27.3% | 1451 82.8% | 794 65.0% | 481 31.4% | 366 -28.5% | 512 33.8% | 383 45.6% | 263 9.5% | 240 20.7% | 199 7.8% | 185 -5.3% | 195 23.8% | 157 25.2% | 126 -9.7% | 139 -21.4% | 177 - |
| Net Operating Income (INR Cr) | 1047 -21.71% | 1337 74.02% | 768 63.29% | 470 33.34% | 353 -30.02% | 504 33.83% | 377 45.04% | 260 7.34% | 242 25.73% | 192 0.00% | 181 -2.09% | 185 20.47% | 154 20.99% | 127 -6.26% | 136 -22.57% | 175 0.00% |
| Profit (INR Cr) | 29 9.2% | 27 -2.4% | 27 120.7% | 12 2779.1% | 0 -94.9% | 8 -34.2% | 13 34.5% | 9 57.1% | 6 772.5% | 1 -67.6% | 2 91.9% | 1 326.9% | 0 -81.0% | 1 -45.6% | 3 -2.3% | 3 - |
| Assets (INR Cr) | 493 7.9% | 457 72.2% | 266 42.7% | 186 8.0% | 172 -3.2% | 178 25.1% | 142 29.8% | 110 30.9% | 84 11.1% | 75 26.8% | 59 2.6% | 58 -8.2% | 63 9.7% | 58 -3.8% | 60 38.7% | 43 - |
| Net Worth (INR Cr) | 335 34.0% | 250 97.5% | 127 26.7% | 100 13.8% | 88 0.9% | 87 10.5% | 79 50.3% | 52 103.7% | 26 30.6% | 20 0.0% | 19 12.7% | 17 7.0% | 16 1.7% | 16 9.7% | 14 21.6% | 12 0.0% |
| Employee Cost (INR Cr) | 13 -4.2% | 13 16.1% | 11 57.1% | 7 3.6% | 7 17.9% | 6 27.1% | 5 35.2% | 3 10.3% | 3 12.2% | 3 2.6% | 3 12.9% | 2 15.4% | 2 23.8% | 2 38.8% | 1 5.2% | 1 - |
| Interest Cost (INR Cr) | 21 | 20 | 11 | 8 | 10 | 9 | 7 | 8 | 6 | 5 | 5 | 5 | 4 | 4 | 3 | 3 |
| Cash & Bank Balance (INR Cr) | 17 | 13 | 19 | 22 | 13 | 7 | 10 | 8 | 6 | 7 | 2 | 2 | 2 | 2 | 3 | 4 |
| Total Debt (INR Cr) | 145 | 193 | 138 | 85 | 83 | 90 | 63 | 57 | 57 | 55 | 39 | 41 | 47 | 42 | 46 | 32 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.8% | 1.8% | 3.4% | 2.6% | 0.1% | 1.6% | 3.3% | 3.6% | 2.5% | 0.4% | 1.2% | 0.6% | 0.2% | 1.1% | 1.8% | 1.5% |
| Profit As % Of Assets | 5.9% | 5.8% | 10.3% | 6.7% | 0.3% | 4.7% | 8.9% | 8.6% | 7.2% | 0.9% | 3.6% | 1.9% | 0.4% | 2.4% | 4.2% | 6.0% |
| Profit As % Of Networth | 8.7% | 10.7% | 21.6% | 12.4% | 0.5% | 9.6% | 16.2% | 18.1% | 23.4% | 3.5% | 11.2% | 6.6% | 1.7% | 8.8% | 17.8% | 22.2% |
| Interest Cost to EBITDA % | 35.8% | 39.3% | 26.0% | 42.0% | 110.9% | 57.0% | 29.2% | 38.7% | 42.4% | 91.5% | 88.4% | 167.5% | 117.9% | 55.5% | 63.4% | 55.6% |
| Debt to Equity Ratio | 0.43 | 0.77 | 1.09 | 0.85 | 0.95 | 1.03 | 0.80 | 1.08 | 2.22 | 2.78 | 2.07 | 2.43 | 3.00 | 2.71 | 3.23 | 2.71 |
| RONW | 10.3% | 14.6% | 24.1% | 13.2% | 0.5% | 10.1% | 19.4% | 24.2% | 26.5% | 3.5% | 9.4% | 6.8% | -2.3% | 9.2% | 19.5% | 22.2% |
| ROCE | 12.7% | 15.6% | 20.7% | 12.5% | 6.7% | 11.7% | 19.8% | 21.5% | 18.6% | 8.1% | 11.0% | 11.6% | 5.9% | 9.7% | 12.9% | 17.7% |