Rama Steel Tubes share price today

Rama Steel Tubes Ltd's share price was ₹4.03 at the close on 4 November 2026. It has been falling for 62 weeks. That is 27.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹4 and ₹11, and at that close it sat 5% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Rama Steel Tubes Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running.

Over the last 11 years the share price moved +244% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit grew again in the June 2026 quarter, promoters cut their stake for 3 quarters in a row and foreign funds (FIIs) cut their stake for 3 quarters in a row.

1. Profit grew again in the June 2026 quarter

   Profit was ₹5 crore, +9.9% on a year earlier (₹5 crore), after 9 quarters of decline.

2. Promoters cut their stake for 3 quarters in a row

   From 37.8% to 33.9% of the company by the September 2026 quarter.

3. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 5.7% to 2.7% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Rama Steel Tubes reported revenue of ₹223 crore, down 16.7% from ₹268 crore a year earlier, and a profit of ₹5.44 crore, up 9.9% from ₹4.95 crore.

Rama Steel Tubes results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Rama Steel Tubes closed at ₹4.03 on 4 November 2026, down 61.8% from ₹10.54 a year earlier (7 November 2025) and up 13.2% over five years. Its highest weekly close since March 2016 was ₹16.52 on 6 September 2024.

Rama Steel Tubes share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Rama Steel Tubes closed at ₹4.03, up 7.5% on the week and down 9.8% on the month. Results for April to June 2026: Revenue down 16.7% and profit up 9.9% on a year earlier.

Earlier

• 19 Mar 2024: Bonus issue: 2 new shares for every 1 held (ex-date).

Rama Steel Tubes paid no dividend in the 12 months to 5 November 2026. The last was an interim dividend of ₹0.50 a share, ex-date 24 February 2022.

Rama Steel Tubes dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Not in its latest year. Rama Steel Tubes Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 1 of its last 12 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

Rama Steel Tubes is on one of our India lists: Penny stocks.

Rama Steel Tubes Ltd earned ₹5.4 Cr of net profit in the Jun 2026 quarter, +9.9% on the same quarter a year earlier. Full-year FY26 profit was ₹11.0 Cr. Over 10 years profit has grown 6.2% a year on average. That is 2.4% of the quarter's revenue. The same quarter a year earlier earned ₹5.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹11.0 Cr (−52.2% on the year before).

Why profit moved: revenue changed −16.7% on a year earlier and the margin moved +2.1 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed −44.5% and revenue −1.4%. Profit is growing slower than sales: rising costs are taking part of the growth.

Rama Steel Tubes Ltd reported ₹223 Cr of revenue in the Jun 2026 quarter, −16.7% on the same quarter a year earlier. Over 10 years it has grown 16.6% a year on average. The last full year, FY26, came in at ₹1,124 Cr. The last four reported quarters add to ₹1,079 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,124 Cr, +7.3% on the year before.

Recent pace: the last four quarters grew −1.4% on average, against 16.6% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −1.8%, against +6.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −44.1%, against −36.0% a year (rolling over).

Rama Steel Tubes Ltd's operating margin was 2.7% in the Jun 2026 quarter, 2.1 percentage points higher than the same quarter a year ago. Across 12 years it has been between 1.5% and 8.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.1 percentage points on the year while gross margin changed +2.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years Rama Steel Tubes Ltd's operations used more cash than they brought in, so cash conversion was −63%, a gap worth watching. In FY26 its operations used ₹109 Cr of cash, against ₹11.0 Cr of profit. After ₹6.0 Cr of spending on assets, free cash was −₹115 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why −63% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Rama Steel Tubes Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 53 days in FY26, down from 60 days in FY21. It spent ₹24.0 Cr on assets over the last 3 years. Customers take 98 days to pay, and stock sits for 45 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,124 Cr, each day of that cycle ties up about ₹3.1 Cr, so roughly ₹163 Cr is tied up in the business at any time.

FY26: customers took 98 days to pay and stock sat for 45 days, about 1.5 months of sales sitting as stock, for a full cycle of 53 days, shorter than FY21's 60.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 45 days. Customers pay about 98 days after that. Suppliers are paid at 90 days. Together that makes the 53-day cycle.

Spending on assets: ₹24.0 Cr over the last 3 years, against ₹18.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹4.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Rama Steel Tubes Ltd's P/E is 50.9×, in the middle of its own history: higher than 61% of past readings. Its usual P/E (the middle reading) is 29.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.08.