An important player in the Indian steel sector, Rama Steel Tubes Limited is famous for producing a wide variety of steel pipes and tubes. India-based Rama Steel is a manufacturer and supplier of pipes and tubes established in 1974. The business is well-established in the market and is still growing locally and globally.
Currently employing more than 300 experts in the pipe business, Rama Steel Tubes Limited has been listed on the National Stock Exchange as RAMASTEEL since 2015. This article will guide investors on the factors that will influence the Rama Steel share price target from 2024 to 2030.
Along with the competitiveness of India's steel and pipe industries, Rama Steel Tubes Limited's financial aspects will also be covered. This section will look at RAMASTEEL's current position in the market, its growth path, and the potential impacts of external market forces on its pricing performance through 2030.
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About Rama Steel Company
One of India's top producers of G.I. pipes, steel pipes, and tubes. Rama is a well-known and reputable brand in the Indian steel tube and pipe industry, having been founded in 1974 by Sh. H.L. Bansal. Rama is a trailblazer and industry leader in the steel tube sector, leading the way in research and technology.
They are always coming up with new ideas, paying attention to how the market is changing quickly, and providing the customer with the best value. Rama has created a very advanced production plant, and the business is always investing in the newest technological developments. Rama Steel Tubes Ltd. is now involved in several industries, including power plants, irrigation projects, telecom applications, and the army in addition to the railways.
Rama Steel Tubes Shares Current Performance And Market Indicators
Open Price: ₹16.85
Today’s Low Price: ₹14.86
Today's High Price: ₹17.55
Current Price: ₹14.86
Market capitalization: ₹2,540 crore
P/E Ratio: 87.37
ROE: 8.69%
Dividend Yield: 0.00%
52-Week Low: ₹9.90
52-Week High: ₹17.55
Price Change Over the Past Year: ₹1.45 (10.77% Increase)
Shares of Rama Steel Tubes are currently trading at ₹14.86, down from its opening price of ₹16.85. The stock hit a high of ₹17.55 earlier today but also hit its lowest level of ₹14.86. Over the past year, Rama Steel Tubes has shown moderate growth with a gain of 10.77%, reflecting a price change of ₹1.45 from its 52-week low of ₹9.90 to its 52-week high of ₹17.55. The company has a market capitalization of ₹2,540 crore with a high P/E ratio of 87.37, indicating premium valuations. An ROE of 8.69% and the absence of a dividend yield suggest a focus on reinvestment rather than returns to shareholders.
Rama Steel Share Price Target 2024
The first price target of Rama Steel Tubes Limited is estimated to reach ₹19 in 2024. If the market remains favorable, the mid-year price target can rise to ₹21. With the bullish trend in the market, the price target of Rama Steel Tubes Limited can rise to ₹23.64 by the end of 2024.
Rama Steel Share Price Target 2025
RAMASTEEL's share price is expected to witness a steady increase in 2025 based on market conditions and industry dynamics. It is estimated that by the end of the year, the target of ₹25 in 2025 will gradually increase to ₹30.
Rama Steel Share Price Target 2026
From the beginning of the year to the end, the target price of Rama Steel is estimated to be between ₹34 and Rs ₹42 per share in 2026. I would like to inform you that my price forecast is based on the historical performance of the stock.
Rama Steel Share Price Target 2027
The company is doing a great job in maintaining its business, as can be seen from the rapid growth in its sales, income, and net worth. However, the corporation has a lot of debt, which is a matter of concern. By the way, the minimum possible price of Rama Steel shares is ₹45.88, and the maximum possible price is Rs ₹51.28.
Rama Steel Share Price Target 2028
Rama Steel Company's shares are becoming increasingly expensive. Investing in Rama Steel can provide profitable returns in the future. Based on performance and current market data, the company's share price may reach ₹65.77 per share by the end of 2028.
Rama Steel Share Price Target 2029
Positive market trends and stable demand in the steel sector may lead to a steady increase in RAMASTEEL share price till 2029. Rama Steel has set a target share price of ₹69 to ₹80 for 2029.
Rama Steel Share Price Target 2030
Rama Steel's share price has fluctuated over time and provides a variety of useful information to investors. Based on performance and current market data, the company's share price could reach ₹95 per share by the end of 2030.
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Rama Steel Shareholding
| Aug 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
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Promoters | 59.90% | 57.14% | 57.23% | 56.70% | 56.33% |
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Retail and Other | 37.53% | 41.84% | 41.86% | 43.23% | 43.62% |
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Foreign Institutions | 1.88% | 0.33% | 0.33% | 0.08% | 0.05% |
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Mutual Funds | 0.59% | 0.59% | 0.59% |
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Other Domestic Institutions | 0.10% | 0.10% |
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The Rama Steel shareholding chart is referred to from the Groww website.
Rama Steel Company Balance Sheet
Balance Sheet of Rama Steel Tubes (in Rs. Cr.) | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths |
EQUITIES AND LIABILITIES |
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SHAREHOLDER'S FUNDS |
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Equity Share Capital | 154.42 | 46.58 | 8.4 | 8.4 | 8.4 |
Total Share Capital | 154.42 | 46.58 | 8.4 | 8.4 | 8.4 |
Reserves and Surplus | 137.13 | 138.79 | 89.73 | 80.07 | 74.63 |
Total Reserves and Surplus | 137.13 | 138.79 | 89.73 | 80.07 | 74.63 |
Total Shareholders Funds | 291.55 | 209.96 | 98.12 | 88.47 | 83.02 |
NON-CURRENT LIABILITIES |
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Long Term Borrowings | 15.7 | 19.72 | 23.05 | 24.26 | 11.3 |
Deferred Tax Liabilities [Net] | 2.02 | 1.91 | 1.68 | 1.96 | 1.98 |
Other Long Term Liabilities | 1.22 | 0.47 | 0.46 | 0.25 | 0.94 |
Long Term Provisions | 0.8 | 0.69 | 0.56 | 0.52 | 0.52 |
Total Non-Current Liabilities | 19.75 | 22.79 | 25.75 | 26.99 | 14.74 |
CURRENT LIABILITIES |
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Short Term Borrowings | 83.76 | 108.72 | 94.96 | 49.99 | 56.13 |
Trade Payables | 85.01 | 20.5 | 45.96 | 22 | 30.35 |
Other Current Liabilities | 5.32 | 8.11 | 5.39 | 5.38 | 3.61 |
Short Term Provisions | 0.35 | 0.33 | 0.32 | 0.33 | 0.3 |
Total Current Liabilities | 174.45 | 137.66 | 146.64 | 77.7 | 90.39 |
Total Capital And Liabilities | 485.74 | 370.41 | 270.51 | 193.16 | 188.16 |
ASSETS |
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NON-CURRENT ASSETS |
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Tangible Assets | 84.01 | 46.8 | 32.23 | 33.71 | 23.14 |
Intangible Assets | 0 | 28.06 | 0.02 | 0.02 | 0.01 |
Capital Work-In-Progress | 0 | 1.28 | 5.74 | 1.84 | 6.79 |
Other Assets | 0 | 3.9 | 4.11 | 3.84 | 3.64 |
Fixed Assets | 84.01 | 80.04 | 42.1 | 39.41 | 33.57 |
Non-Current Investments | 13.74 | 17.22 | 13.42 | 14.06 | 12.66 |
Deferred Tax Assets [Net] | 0 | 0 | 0 | 0 | 0 |
Long Term Loans And Advances | 25.15 | 23.93 | 4.37 | 0 | 0 |
Other Non-Current Assets | 8.54 | 28.88 | 14.67 | 23.57 | 23.27 |
Total Non-Current Assets | 131.43 | 150.08 | 74.55 | 77.05 | 69.51 |
CURRENT ASSETS |
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Current Investments | 0 | 0 | 0 | 0 | 0 |
Inventories | 70.2 | 62.99 | 90.98 | 57.18 | 27.45 |
Trade Receivables | 128.15 | 119.67 | 73.24 | 34.86 | 55.05 |
Cash And Cash Equivalents | 9.4 | 3.66 | 1.32 | 4.84 | 6.52 |
Short Term Loans And Advances | 0 | 0 | 0 | 0 | 0 |
OtherCurrentAssets | 146.56 | 34.01 | 30.42 | 19.24 | 29.63 |
Total Current Assets | 354.31 | 220.33 | 195.96 | 116.11 | 118.65 |
Total Assets | 485.74 | 370.41 | 270.51 | 193.16 | 188.16 |
OTHER ADDITIONAL INFORMATION |
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CONTINGENT LIABILITIES, COMMITMENTS |
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Contingent Liabilities | 0 | 1.67 | 45.19 | 49.31 | 45.24 |
CIF VALUE OF IMPORTS |
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Raw Materials | 0 | 0 | 0 | 0 | 0 |
Stores, Spares And Loose Tools | 0 | 0 | 0 | 0 | 0 |
Trade/Other Goods | 0 | 0 | 0 | 0 | 0 |
Capital Goods | 0 | 0 | 0 | 0 | 0 |
EXPENDITURE IN FOREIGN EXCHANGE |
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Expenditure In Foreign Currency | 0 | 45.45 | 33.24 | 35.67 | 30.1 |
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS |
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Dividend Remittance In Foreign Currency | -- | -- | -- | -- | -- |
EARNINGS IN FOREIGN EXCHANGE |
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FOB Value Of Goods | -- | 49.4 | 42.62 | 56.46 | 47 |
Other Earnings | -- | -- | -- | -- | -- |
BONUS DETAILS |
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Bonus Equity Share Capital | -- | 5.97 | 5.97 | 5.97 | 5.97 |
NON-CURRENT INVESTMENTS |
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Non-Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Non-Current Investments Unquoted Book Value | -- | -- | -- | 0.01 | 0.01 |
CURRENT INVESTMENTS |
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Current Investments Quoted Market Value | -- | -- | -- | -- | -- |
Current Investments Unquoted Book Value | -- | -- | -- | -- | -- |
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Conclusion
Rama Steel's share price history in the stock market shows an extremely uncertain past for this penny company. As always, penny stock prices have a high percentage growth rate, and if the investor can develop a risk appetite, this can also be beneficial for those seeking long-term returns on their investment. When investing in penny stocks like RAMASTEEL NSE for the long term, you must have risk tolerance and patience, as the value of these companies can change dramatically.
FAQs
1. What is the target price of Rama Steel in 2025?
The target price of Rama Steel can be Rs 25 to 30 in 2025.
2. Is Rama Steel a good buy?
Yes, this is a good stock, but the risk is always high in penny stocks. If we look at the last 3 years of data for this stock, then this stock has given a return of 74.01%.
3. Is Rama Steel giving bonus shares?
Rama Steel issues 2:1 bonus shares.
4. What is the dividend of Rama Steel?
Rama Steel's current dividend yield is 3.60%, and its annual dividend payout is ₹0.50.
Disclaimer
This article is just for informational purposes. Forecasting of the share price targets is based on and referred to from various sources, media reports, and predictions done by brokerage houses from time to time.
We also state that we are not SEBI-registered financial advisors. So, kindly, before taking any kind of investment in the shares, please do counsel with the certified financial advisories.
If you have any corrections or find any wrong information, do let us know at our official [email protected].