Hello friends, welcome back to a new blog post. Today we’ll explore Rama Steel share price target 2024,2025,2026,2027,2030 necessary facts and findings to help you make informed decisions.
As we know, a company’s products and its brand are more valuable in the steel pipes and tube sector.So it is essential to analyze a company’s brand image in the market and the demand and supply position.
This article provides you insightful knowledge to understand all necessary key metrics of a company.
Further, we would also like to inform you of key strengths and negative facts and opportunities to make the right decision.
Let’s deeply explain about Rama Steel share price target for 2024,2025,2026,2027,and 2030.
Rama Steel Share Price Target 2024,2025,2026,2027,2030
Company Overview
Rama Steel Tubes is one of the fastest growing steel pipes and tubes manufacturing companies. It primarily manufactures and markets steel products including steel pipes and tubes, hollow sections, swaged poles and structural steel products.
The company has presence in 17+ states and over 300 cities across India and it has about 1300 SKUs.
The company caters to the most diverse product category needs of the country steel utilization.
Rama Steel Returns
The share of Rama Steel Tubes gave multibagger returns of over 1300 per cent in just three years and about 750 per cent in five years.
The company has market capitalization of Rs 1966 crore with 3 years profit growth CAGR of 296 per cent and 3 years stock price CAGR of 145 per cent.
Rama Steel Tubes Fundamentals
As on September 20,2024, with consistent growth the company’s Market Capitalization of Rs 2,370 crore and shares of the company currently trading at Rs 15.21.
| Market Cap | 1,961 crore |
| ROE | 15.2% |
| ROCE | 15.8% |
| EPS | 0.23 |
| Book Value | 2.08 |
| Debt to Equity | 0.46 |
| P/E Ratio | 58.6 |
| Sector P/E | 21.6 |
| Dividend Yield | 0.00% |
| Face Value | 1.0 |
| Current Price | 13.30 |
| 52-Week High/Low | 16.8/8.7 |
Rama Steel Tubes Financial Analysis
Rama Steel Tubes posted its quarterly number for December 2023 (Q3 FY24).
The company revenue from operation declined 25.08 per cent to Rs 262.39 crore from Rs 350.25 crore in Q3 FY23 due to globally slow demand factors.
Whereas net profit grew 22.86 per cent to Rs 9.17 crore against December 2022 (Q3FY23) to Rs 7.46 crore.
The company operating profit (EBITDA) grew 25.74 per cent to Rs 19.20 crore compared to Rs 15.27 crore in December 2022 (Q3 FY23).
Further EPS of Rama Steel Tube declined from Rs 0.88 in Q3 FY23 to Rs 0.18 in December 2023 (Q3 FY24).
Also Read: Sona BLW Share Price Target
Rama Steel Share Price Target 2024,2025,2026,2027,2030 Table
| Years | Maximum Target | Minimum Target |
|---|---|---|
| 2024 | 16 | 16.9 |
| 2025 | 20 | 20.8 |
| 2026 | 25 | 26 |
| 2027 | 31 | 32.5 |
| 2028 | 38 | 40 |
| 2030 | 64 | 66 |
Rama Steel Share Price Target 2024
Rama Steel Tubes is expertise in manufacturing of steel tubes,pipes and galvanised iron pipes of 15mm, medium and heavy sizes.
It has a strong capacity of manufacturing plants in india.The company has mainly four production facilities established at Khopoli in Maharashtra, two at Sahibabad in Uttar Pradesh, and Anantapur in Andhra Pradesh.
Here are more details of the manufacturing plants and Installed capacity of each plant below.
- Two at Sahibabad in Uttar Pradesh with an installed capacity of 60,000 MTPA.
- One at Khopoli in Maharashtra with an installed capacity of 1,62,000 MTPA.
- And the one at Anantapur in Andhra Pradesh with an installed capacity of 72,000 MTPA.
It has Total manufacturing capacity of 2,94,000 MTPA till September 2023.
In addition, According to the company announcement, it is furthe going to set up new manufacturing plant at Raipur in Chhattisgarh to strengthen its position in eastern resion of country.
As we look, the company has strong potential to cater more client need.We look for upside price target of Rama Steel in 2024 to reach at Rs 16 while maximum upside potential is Rs 16.9.
Rama Steel Share Price Target 2025
With a market capitalization of Rs 2000 crore, Share of Multi-bagger company, Rama Steel tube is currently trading at Rs 13 from its 52-week low of Rs 10.02 and its 52-week high of Rs 16.83.
Though the company has strong growth potential, it is a small cap company. The risk and reward is very high.
The company’s initial share price target in 2025 expected to reach at Rs 20, whereas highest price target Rs 20.8.
Rama Steel Share Price Target 2026
Rama Steel Share is well position to capitalize in the segment which it operate in. The target price for the financial year 2026 is rose up to Rs 25 and the maximum target price Rs 26.
Rama Steel Share Price Target 2027
Rama Steel Tube, recently announce that formation of wholly owned subsidiary as its name is Rama Defence Private Ltd. The newly launch entity will primarily engage in exporting, importing, manufacturing, assembly and supplying defence equipment.
The company’s share price target in 2027 will reach up to Rs 31 and maximum target price Rs 32.
Rama Steel Share Price Target 2028
Rama Steel Tube, a leading manufacturer of branded products is in the continue upward direction and rose 20 percent to Rs 14. The company also reported a strategic partnership with Onix Renewable Ltd.
Rama Steel Share price Target 2028: minimum share price at Rs 38 and the maximum share price will reach at Rs 40.
Rama Steel Share Price Target 2030
RSTL is one of the leading manufacturer of steel pipes, steel tubes and G.I. pipes. It also foray into the defence segment with newly established wholly owned subsidiary, Rama Defence Private Limited.
The entry in the defence segment will provide immense opportunity to grow its revenue and sales.
Green Energy sector at present looking very lucrative because in this segment demand is very high, Government has also pushed this sector to grow. The company also wants to take advantage by expansion into the green sector.
Therefore, we’ll expect the share price target of Rama Steel in 2030 to reach up to Rs 64 and we can expect maximum share price target is Rs 66.