# Rama Steel Tubes share price today (Rama Steel Tubes Ltd, NSE: RAMASTEEL)

> Rama Steel Tubes share price today: ₹4.11 at the NSE close on 3 November 2026, down 59.8% in a year. Rama Steel Tubes (NSE: RAMASTEEL) is worth ₹673 crore, trades at a P/E of 52.0 and has closed between ₹3.66 and ₹10.66 over the past 52 weeks. > Rama Steel Tubes Ltd's share price has fallen more than its earnings. Earnings per share fell 46.7% in a year while the price moved −59.8%. RAMASTEEL · Steel - Tubes/Pipes · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/rama-steel-tubes-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹4.11 (−59.8% in a year)
- P/E: 52.0× (higher than 62% of the last 11 years)
- Revenue (Jun 2026): ₹223 Cr (−16.7% on a year ago)
- Profit (Jun 2026): ₹5.4 Cr (+9.9% on a year ago)
- Operating margin: 2.7% (+2.1 points on a year ago)
- ROCE: 5%, FY26
- ROIC: 2.1%, against a 12.0% cost of capital: −9.9 points

The main question: profits are rising, but only −63% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Rama Steel Tubes share price today? Rama Steel Tubes Ltd's share price was ₹4.11 at the close on 3 November 2026. It has been falling for 62 weeks. That is 25.8% 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 6% of the way up from that low. 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 +251% while the NIFTY 500 moved +251%, so it is ahead of 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. ## What changed at Rama Steel Tubes this quarter? 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. ## What are Rama Steel Tubes' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹223 crore | ₹268 crore | −16.7% |
| Profit | ₹5.44 crore | ₹4.95 crore | +9.9% |
| Earnings per share | ₹0.03 | ₹0.03 | 0.0% |
| Operating margin | 2.7% | 0.6% | +2.1 points |

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.)

## What is the Rama Steel Tubes share price history? Rama Steel Tubes closed at ₹4.11 on 3 November 2026, down 59.8% from ₹10.23 a year earlier (31 October 2025) and up 15.4% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3.66 | +12.3% |
| 1 month ago · 1 Oct 2026 | ₹4.47 | −8.1% |
| 6 months ago · 30 Apr 2026 | ₹5.77 | −28.8% |
| 1 year ago · 31 Oct 2025 | ₹10.23 | −59.8% |
| 3 years ago · 3 Nov 2023 | ₹11.15 | −63.1% |
| 5 years ago · 4 Nov 2021 | ₹3.56 | +15.4% |
| 10 years ago · 4 Nov 2016 | ₹1.88 | +118.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1.17 | +251.3% |
| Highest weekly close since March 2016 · 6 Sep 2024 | ₹16.52 | −75.1% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹0.23 | +1,687.0% |
| 52-week high (weekly close) · 12 Dec 2025 | ₹10.66 | −61.4% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹3.66 | +12.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Rama Steel Tubes? 3 Nov 2026: Rama Steel Tubes closed at ₹4.11, up 12.3% on the week and down 8.1% 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). ## What dividend does Rama Steel Tubes pay? Rama Steel Tubes paid no dividend in the 12 months to 4 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

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 24 Feb 2022 | ₹0.50 | Interim | 25 Feb 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## Which stock lists is Rama Steel Tubes on? Rama Steel Tubes is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): -42.86](https://www.sectoralpha.in/penny-stocks-india)

## Is Rama Steel Tubes profitable? 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. 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. ## How much revenue does Rama Steel Tubes make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Rama Steel Tubes keep? 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. 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. ## Is Rama Steel Tubes' profit turning into cash? 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. 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. ## Where does Rama Steel Tubes' cash go? 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. 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. ## What is Rama Steel Tubes' P/E ratio, and how does it compare with its own history? Rama Steel Tubes Ltd's P/E is 52.0×, in the middle of its own history: higher than 62% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −46.7% while the price moved −59.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +2.9% a year; about −14.0% a year came from earnings growth and about +16.9 percentage points from the multiple (the market paying more); over 10 years the price moved +8.1% a year; about +0.0% a year came from earnings growth and about +8.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Rama Steel Tubes business getting better or worse? Rama Steel Tubes Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −44.1% in the latest quarter, against +52.3% at its best in 12 quarters, with ROCE falling at 5.5%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Rama Steel Tubes earn on its capital? Rama Steel Tubes Ltd earned a ROCE of 5% in FY26. Its return on capital used (ROIC) is 9.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.0% net margin and 1.26× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.0% net margin × 1.26× asset turnover × 1.86× leverage (assets divided by equity) ≈ 2.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.1% − 12.0% = −9.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Rama Steel Tubes have too much debt? Rama Steel Tubes Ltd has total debt of ₹130 Cr against shareholder equity of ₹483 Cr as of Jun 2026, so its debt is 0.27× its equity, which is very little. Year by year, that ratio went from 1.09 in FY22 to 0.27 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Rama Steel Tubes shareholding pattern? Promoters cut their stake in Rama Steel Tubes Ltd by 14.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 33.9% of the company. Foreign institutions moved +2.5 points over the same period, to 2.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −14.0 points over 8 quarters, to 33.9%; Foreign institutions: +2.5 points over 8 quarters, to 2.7%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: promoters drove it (−14.0 points), with the other side taken by foreign institutions (+2.5 points). They reduced their stake. ## How far is Rama Steel Tubes from balance-sheet trouble? For Rama Steel Tubes Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Rama Steel Tubes rank in its industry? 24.2 out of 100, rank 15 of 15 in Steel - Tubes/Pipes, with 96% of the evidence available. Rama Steel Tubes Ltd scores 24.2 out of 100 against the 15 companies it is compared with in Steel - Tubes/Pipes, ranking 15. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 9.7 + 4.5 + 5 + 5 = 24.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Rama Steel Tubes compared with? Rama Steel Tubes ranks 15 of 15 Steel - Tubes/Pipes companies on the 4-Factor Sector Score, with 24.2 out of 100. 1. [Sambhv Steel Tubes Ltd](https://www.sectoralpha.in/stocks/sambhv-steel-tubes-ltd) SAMBHV · breaking out · Most evidence points up · 93% evidence 74.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.4/35 · Revenue 41.9% · Profit 100% · Operating margin change 2 points · 100% evidence Capital efficiency 15.8/25 · ROCE 19.1% · Operating margin 12% · 100% evidence Valuation 9.6/20 · P/E 22.7× · PEG 1.74 · 65% evidence Relative strength 19.3/20 · Lead over its industry 27.9% · Lead over NIFTY 500 39% · 1 year 35.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.4 + 15.8 + 9.6 + 19.3 = 74.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [APL Apollo Tubes Ltd](https://www.sectoralpha.in/stocks/apl-apollo-tubes-ltd) APLAPOLLO · breaking out · Most evidence points up · 100% evidence 69.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 14.9% · Profit 24.8% · Operating margin change 0 points · 100% evidence Capital efficiency 20.8/25 · ROCE 31.8% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 45.9× · PEG 0.92 · 100% evidence Relative strength 15.4/20 · Lead over its industry 3.8% · Lead over NIFTY 500 14.7% · 1 year 20.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.5 + 20.8 + 10.4 + 15.4 = 69.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Man Industries (India) Ltd](https://www.sectoralpha.in/stocks/man-industries-indialtd) MANINDS · leader · Most evidence points up · 96% evidence 68.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 10.8% · Profit 25.9% · Operating margin change 7 points · 88% evidence Capital efficiency 14.9/25 · ROCE 16.2% · Operating margin 14% · 100% evidence Valuation 11.1/20 · P/E 26.6× · PEG 0.22 · 100% evidence Relative strength 19.7/20 · Lead over its industry 31% · Lead over NIFTY 500 40% · 1 year 76.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.2 + 14.9 + 11.1 + 19.7 = 68.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) GANDHITUBE · breaking out · Most evidence points up · 96% evidence 67.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.1/35 · Revenue 11.1% · Profit 13.6% · Operating margin change 4 points · 88% evidence Capital efficiency 19.8/25 · ROCE 28.4% · Operating margin 47% · 100% evidence Valuation 16.6/20 · P/E 13.1× · PEG 0.85 · 100% evidence Relative strength 11.4/20 · Lead over its industry -1.2% · Lead over NIFTY 500 8.5% · 1 year -0.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 20.1 + 19.8 + 16.6 + 11.4 = 67.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DEE Development Engineers Ltd](https://www.sectoralpha.in/stocks/dee-development-engineers-ltd) DEEDEV · quiet · Evidence leans up · 89% evidence 60.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.4/35 · Revenue 40.1% · Profit 50% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 10.7% · Operating margin 17% · 100% evidence Valuation 13.6/20 · P/E 46.6× · PEG 0.62 · 65% evidence Relative strength 11.8/20 · Lead over its industry 14.2% · Lead over NIFTY 500 20.2% · 1 year 96.8% · 100% evidence · 3 of 12 weeks ahead Exact sum: 26.4 + 9.1 + 13.6 + 11.8 = 60.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Venus Pipes & Tubes Ltd](https://www.sectoralpha.in/stocks/venus-pipes-tubes-ltd) VENUSPIPES · leader · Evidence leans up · 96% evidence 58.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 21.9% · Profit 14.3% · Operating margin change 0 points · 88% evidence Capital efficiency 20.8/25 · ROCE 21.3% · Operating margin 16% · 100% evidence Valuation 4.1/20 · P/E 39.9× · PEG 3.94 · 100% evidence Relative strength 17.3/20 · Lead over its industry 22.1% · Lead over NIFTY 500 31.6% · 1 year 41.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 16.1 + 20.8 + 4.1 + 17.3 = 58.3 · What this means: Relative strength against the index is 31.6%, and revenue and profit growth are weak. 7. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) JTLIND · breaking out · Evidence leans up · 78% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 19% · Profit 42.4% · Operating margin change 3.7 points · 83% evidence Capital efficiency 7.9/25 · ROCE 9.6% · Operating margin 8% · 76% evidence Valuation 12.4/20 · P/E 25.4× · PEG n/a · 50% evidence Relative strength 13.2/20 · Lead over its industry 3.4% · Lead over NIFTY 500 12.7% · 1 year 15.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.6 + 7.9 + 12.4 + 13.2 = 56.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Goodluck India Ltd](https://www.sectoralpha.in/stocks/goodluck-india-ltd) GOODLUCK · breaking out · Evidence leans up · 100% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 18.8% · Profit 31.3% · Operating margin change 0 points · 100% evidence Capital efficiency 12.8/25 · ROCE 14.4% · Operating margin 9% · 100% evidence Valuation 9.7/20 · P/E 23.4× · PEG 0.94 · 100% evidence Relative strength 13.1/20 · Lead over its industry 10.3% · Lead over NIFTY 500 20% · 1 year 17.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.4 + 12.8 + 9.7 + 13.1 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) HARIOMPIPE · quiet · Evidence leans down · 81% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.1/35 · Revenue 10.8% · Profit 1.5% · Operating margin change 0 points · 88% evidence Capital efficiency 15.7/25 · ROCE 15.7% · Operating margin 12% · 100% evidence Valuation 10.3/20 · P/E 13.8× · PEG 3.05 · 100% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -9.6% · 1 year -30.9% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.1 + 15.7 + 10.3 + 8.4 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Maharashtra Seamless Ltd](https://www.sectoralpha.in/stocks/maharashtra-seamless-ltd) MAHSEAMLES · losing its lead · Evidence leans down · 96% evidence 43.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.0/35 · Revenue -12.2% · Profit -16.1% · Operating margin change 2 points · 88% evidence Capital efficiency 12.2/25 · ROCE 14.3% · Operating margin 16% · 100% evidence Valuation 15.7/20 · P/E 9.8× · PEG 0.78 · 100% evidence Relative strength 5.6/20 · Lead over its industry -13.8% · Lead over NIFTY 500 -5.3% · 1 year -5.2% · 100% evidence · 6 of 12 weeks ahead Exact sum: 10 + 12.2 + 15.7 + 5.6 = 43.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) SCODATUBES · quiet · Evidence leans down · 64% evidence 43.2 out of 100 Growth Capital Valuation Relative
12. [Surya Roshni Ltd](https://www.sectoralpha.in/stocks/surya-roshni-ltd) SURYAROSNI · basing · Evidence leans down · 96% evidence 39.1 out of 100 Growth Capital Valuation Relative
13. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) HITECH · basing · Most evidence points down · 96% evidence 34.4 out of 100 Growth Capital Valuation Relative
14. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) WELSPLSOL · losing its lead · Most evidence points down · 83% evidence 28.9 out of 100 Growth Capital Valuation Relative
15. Rama Steel Tubes Ltd this page RAMASTEEL · quiet · Most evidence points down · 96% evidence 24.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.7/35 · Revenue -1.8% · Profit -44.1% · Operating margin change 2.1 points · 88% evidence Capital efficiency 4.5/25 · ROCE 5.4% · Operating margin 2.7% · 100% evidence Valuation 5.0/20 · P/E 47.4× · PEG 2.38 · 100% evidence Relative strength 5.0/20 · Lead over its industry -43.7% · Lead over NIFTY 500 -35.7% · 1 year -63.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 9.7 + 4.5 + 5 + 5 = 24.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel - Tubes/Pipes](https://www.sectoralpha.in/sectors/steel-tubes-pipes), all 15 compared on one page. ## Which companies are close to Rama Steel Tubes in size? Rama Steel Tubes is the 15th largest of 15 Steel - Tubes/Pipes companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: JTL Industries, Welspun Specialty Solutions, Hi-Tech Pipes, Gandhi Special Tubes, Hariom Pipe Industries and Scoda Tubes. It is the smallest. ### Steel - Tubes/Pipes companies close in size

1. [JTL Industries Ltd](https://www.sectoralpha.in/stocks/jtl-industries-ltd) ₹2,915 crore
2. [Welspun Specialty Solutions Ltd](https://www.sectoralpha.in/stocks/welspun-specialty-solutions-ltd) ₹2,469 crore
3. [Hi-Tech Pipes Ltd](https://www.sectoralpha.in/stocks/hi-tech-pipes-ltd) ₹1,390 crore
4. [Gandhi Special Tubes Ltd](https://www.sectoralpha.in/stocks/gandhi-special-tubes-ltd) ₹986 crore
5. [Hariom Pipe Industries Ltd](https://www.sectoralpha.in/stocks/hariom-pipe-industries-ltd) ₹964 crore
6. [Scoda Tubes Ltd](https://www.sectoralpha.in/stocks/scoda-tubes-ltd) ₹628 crore
7. Rama Steel Tubes Ltd ₹614 crore

[All 15 Steel - Tubes/Pipes companies, largest first](https://www.sectoralpha.in/sectors/steel-tubes-pipes#all-companies)

### Companies close in size in other industries

1. [Om Infra Ltd](https://www.sectoralpha.in/stocks/om-infra-ltd) ₹615 crore · Project Consultancy/Turnkey
2. [Prabhatam Infra Venture Ltd](https://www.sectoralpha.in/stocks/prabhatam-infra-venture-ltd) ₹614 crore · Trading
3. Rama Steel Tubes Ltd ₹614 crore
4. [India Power Corporation Ltd](https://www.sectoralpha.in/stocks/india-power-corporation-ltd) ₹612 crore · Power - Generation/Distribution
5. [Influx Healthtech Ltd](https://www.sectoralpha.in/stocks/influx-healthtech-ltd) ₹612 crore · Pharma - Formulators

## What else do people ask about Rama Steel Tubes? ### What is Rama Steel Tubes's share price today? Rama Steel Tubes Ltd's share price is ₹4.11, −59.8% over the past year. The whole company is worth ₹673 Cr on the market. In the last 52 weeks it traded between ₹4 to ₹11; today it is 6% of the way up from the low, 25.8% below its 200-day average (as of 3 November 2026). ### What were Rama Steel Tubes's latest quarterly results? Rama Steel Tubes Ltd reported revenue of ₹223 Cr and net profit of ₹5.4 Cr for the Jun 2026 quarter. Revenue fell 16.7% and profit rose 9.9% compared with a year earlier. Earnings per share were ₹0.03. The operating margin was 2.7%, 2.1 percentage points higher than a year earlier (as of 3 November 2026). ### What is Rama Steel Tubes's market cap? Rama Steel Tubes Ltd's market capitalisation is ₹673 Cr at a share price of ₹4.11. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Rama Steel Tubes performing? Rama Steel Tubes Ltd's share price has been falling for 62 weeks. In its latest quarter, revenue fell 16.7% and profit rose 9.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will Rama Steel Tubes's share price go up? This page does not forecast Rama Steel Tubes Ltd's share price. What it shows instead: the share price is ₹4.11, and it has been falling for 62 weeks. Its P/E of 52.0× is higher than 62% of its own last 11 years (as of 3 November 2026). ### Who owns Rama Steel Tubes? Promoters own 33.9% of Rama Steel Tubes Ltd, foreign institutions 2.7%, domestic institutions 0.0% and the public 63.4% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 14.0 percentage points over 8 quarters (as of 3 November 2026). ### Does Rama Steel Tubes have too much debt? No, Rama Steel Tubes Ltd has little debt: its debt is 0.27× its equity, and its operating profit is 1 times its interest bill. FY26 borrowings were ₹130 Cr against equity of ₹478 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Rama Steel Tubes in its business cycle? Rama Steel Tubes Ltd's FY26 operating margin was 1.5%, against a 12-year range of 1.5% to 8.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 2.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Rama Steel Tubes story? The main question: profits are rising, but only −63% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Rama Steel Tubes a stock worth studying right now? What the numbers show: Rama Steel Tubes Ltd's share price has fallen more than its earnings. Earnings per share fell 46.7% in a year while the price moved −59.8%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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