by Rama Steel Share Price Target 2024 to 2030 : Rama Steel Tubes Limited, commonly referred to as Rama Steel, is one of India’s foremost steel companies and known for offering an expansive selection of pipes and tubes with strong market presence both domestically and abroad. The company boasts strong domestic as well as global growth plans as it steadily grows its product lineup and market reach.
This in-depth analysis forecasts Rama Steel’s stock price between 2024-2030 by considering key financial metrics, industry trends, and any possible influences affecting their market performance. These predictions are made after undertaking an in-depth evaluation of Rama Steel’s past performances, current growth strategies, and evolving market conditions.
Utilizing insights into Rama Steel’s operations, this article offers invaluable guidance for investors and stakeholders, empowering them to make educated decisions regarding their investment in Rama Steel. Rama Steel Share Price Target 2024 to 2030
See More : Vodafone Idea Share Price Target 2024 to 2050
Overview Of RAMA Steel Share Price
Current market capitalization of Rs2.09 crore; share opening price was Rs11.89; it reached a high of Rs13.69 and low of Rs11.84 during trading session; currently its share price stands at Rs15.84 and its Price-to-Earnings ratio stands at 51.33; thus suggesting relatively high valuation compared to earnings; there is currently no dividend yield available from this stock; over the last 52 weeks its share prices ranged between a high of Rs16.83 and low of Rs9.90.
| Metric | Value |
|---|---|
| Market Cap | ₹2.09 crore |
| Opening Price | ₹11.89 |
| High | ₹13.69 |
| Low | ₹11.84 |
| Current Share Price | ₹15.84 |
| P/E Ratio | 51.33 |
| Dividend Yield | N/A |
| 52 Week High | ₹16.83 |
| 52 Week Low | ₹9.90 |
Fundamentals of Rama Steel Stock
Rama Steel Tube Limited’s fundamentals on the stock market can be seen below in Table. You will see their dividend yield is currently zero while their price to earnings ratio stands at 51.10. Rama Steel Share Price Target 2024 to 2030
The company boasts a dividend yield of zero percent and a Price-to-Earnings (P/E) ratio of 70.35 for the trailing twelve months (TTM). By comparison, industry average P/E stands at 73.42; thus indicating that they may be undervalued relative to peers in their industry. Return on Equity (ROE) sits at 8.69% reflecting their ability to generate profit using shareholders equity while Earnings Per Shares for this period stand at Rs0 per share for TTM period. Rama Steel Share Price Target 2024 to 2030
| Metric | Value |
|---|---|
| Dividend Yield | 0.00% |
| P/E Ratio (TTM) | 70.35 |
| Industry P/E | 73.42 |
| ROE | 8.69% |
| EPS (TTM) | ₹0.20 |
Rama Steel Tubes Company Overview
Rama Steel Tubes Ltd was established in 1974, with headquarters located in New Delhi. Operating within the Steel and Iron industries, they are listed both on NSE and BSE stock exchanges for public trading. Richi Bansal currently serves as CEO. For further details visit their official website ramasteel.com Rama Steel Share Price Target 2024 to 2030
| Metric | Details |
|---|---|
| Company Name | Rama Steel Tubes Ltd. |
| Founded | 1974 |
| Headquarters | New Delhi |
| Industry | Steel and Iron |
| CEO | Richi Bansal |
| Stock Exchange Listing | NSE & BSE |
| Official Website | ramasteel.com |
Rama Steel’s Share Price History
Rama Steel shares price history is displayed in the table below. Prior to 2023, this stock performed admirably on the stock market with three year returns of +309.96% and five year returns of +1172.54%; all-time return was also positive at +1132.31%. Unfortunately however, recent returns indicate otherwise with performance being less impressive and still not ideal in today’s stock market. Rama Steel Share Price Target 2024 to 2030
Our company’s performance over various time periods shows the following trends: prior to one month, its value stood at 12.62; prior to one year it had fallen slightly to 12.16; three years ago however, that value increased dramatically, reaching 12.80, but has experienced a noticeable dip over the past five years, dropping to 0.48; however overall performance reached an all-time peak value of 16.52.
| Time Period | Value |
|---|---|
| Before 1 Month | 12.62 |
| Before 1 Year | 12.16 |
| Before 3 Years | 12.80 |
| Before 5 Years | 0.48 |
| All-Time | 16.52 |
Key Factors For RAMA Steel Share Price:
Innovation in manufacturing techniques and product development.
Strategic partnerships and collaborations. Rama Steel Share Price Target 2024 to 2030
Adjusting to changing market dynamics and client selection preferences.
Financial Performance Metrics and Metrics for Success
INVESTOR TYPE AND RATIOS FOR RAMA STEEL SHARE PRICE
The ownership distribution for this company is as follows: promoters own 56.33%, while retail investors and others make up 43.62%; foreign institutions own only 0.05% of shares in total. Rama Steel Share Price Target 2024 to 2030
| Shareholder Category | Ownership Percentage |
|---|---|
| Promoters | 56.33% |
| Retail and Others | 43.62% |
| Foreign Institutions | 0.05% |
Rama Steel Share Price Target 2024 to 2030
Target prices for Rama Steel shares have been projected as follows: in 2024, their target price will be set at Rs19; by 2025 it should reach Rs24 and by 2026 reach Rs37 before rising further to 52 in 2027; thereafter in 2028 the target price has been set at 60 and by 2029 this should increase further up to 75 with 2030 having its final goal at 88 set as an endpoint price target. Rama Steel Share Price Target 2024 to 2030
| Year | Target Price |
|---|---|
| 2024 | ₹19 |
| 2025 | ₹24 |
| 2026 | ₹37 |
| 2027 | ₹52 |
| 2028 | ₹60 |
| 2029 | ₹75 |
| 2030 | ₹88 |
Annual income statement For RAMA Steel Share Price
In June 2024, it is projected to report revenue of Rs2.18 billion, representing a year-on-year (Y/Y) decline of 30.60%. Operating expenses are expected to total Rs106.95 million with operating expenses expected to decrease slightly by 0.955%; net income should reach Rs63.57 million with net profit margin increasing 29.20% compared to last year; earnings per share (EPS) estimates do not yet exist but EBITDA should drop 28.80% and the effective tax rate estimated is 16.32% without comparison against last year or another year for reference. Rama Steel Share Price Target 2024 to 2030
| Metric | Jun 2024 (INR) | Y/Y Change |
|---|---|---|
| Revenue | ₹2.18B | -30.60% |
| Operating Expense | ₹106.95M | -0.95% |
| Net Income | ₹63.57M | -10.11% |
| Net Profit Margin | 2.92 | 29.20% |
| Earnings Per Share | N/A | N/A |
| EBITDA | ₹120.37M | -28.80% |
| Effective Tax Rate | 16.32% | N/A |
Rama Steel Share Price Target 2025: Latest Update
What: Rama Steel shares are projected to experience price gains between January and December in 2025, as part of their 2025 share price projections.
When: These projections cover January through December 2025.
Where: These projections pertain to India’s stock market.
Who: Rama Steel Tubes Ltd, one of India’s foremost steel manufacturers.
Why: Targets are determined based on historical performance and current market analysis. Rama Steel Share Price Target 2024 to 2030
Price Projections for Rama Steel Share Price Target 2025
Rama Steel share price target 2025 can vary based on market conditions:
An optimistic scenario calls for Rama Steel to see annual compounded compound growth of 15%-20% over time, reaching share prices between Rs120-Rs150 by FY2025.
Moderate Scenario: In a market with a steady compound annual growth rate between 10%-12%, prices could range between Rs80 to Rs100.
Pessimistic Scenario: Adverse conditions could drive down share prices to between Rs50 and Rs70 per share, leading to further falls in share value.
Financial Performance and Rama Steel Share Price Target 2025
Rama Steel has seen impressive revenue increases, including an unprecedented 20% revenue surge in the latest quarter. Rama Steel Share Price Target 2024 to 2030
Profit Margin: Our operating margins consistently range between 12- 15%.
Debt Management: Rama Steel stands out among its competitors by having an exceptionally low debt-to-equity ratio, thus mitigating financial risk.
Earnings Per Share (EPS): An increase in EPS growth signals positive investor sentiment.
Investment Considerations for Rama Steel Share Price Target 2025
The ownership distribution for this company can be broken down as follows: promoters own 56.33% while retail investors and others hold 43.62% collectively; foreign institutions only hold 0.05 percent of shares held by this firm.
| Shareholder Category | Ownership Percentage |
|---|---|
| Promoters | 56.33% |
| Retail and Others | 43.62% |
| Foreign Institutions | 0.05% |
Rama Steel Tube Share Price Target 2025
Rama Steel has projected their 2025 share price target to range between Rs18-Rs23 per share, representing an approximate annual return of +100% and signifying significant growth over the course of twelve months. Rama Steel Share Price Target 2024 to 2030
Rama Steel Tube Share Price Target 2026
Rama Steel stock price forecast in 2026 ranges between Rs 22-25 per share from start to end of year based on past performance analysis of this stock.
Rama Steel Tube Share Price Target 2027
Rama Steel’s 2027 price forecast projects an initial share price of Rs25 and subsequent rise to Rs29 by year’s end – suggesting sustained growth over this timeframe.
Rama Steel Tube Share Price Target 2028
Rama Steel has set their share price target for 2028 between Rs29-Rs33 per share based on machine learning technology insights and expert analysis in the field, reflecting potential for continued growth over the coming years. This forecast provides evidence of Rama’s projected long-term potential. Rama Steel Share Price Target 2024 to 2030
Rama Steel Tube Share Price Target 2029
Rama Steel shares are projected to experience annual price gains between Rs33 and Rs38 in 2029, signalling potential increase in value throughout the year.
Rama Steel Tube Share Price Target 2030
Rama Steel has projected that their 2030 share price target range between Rs38-Rs45. This indicates significant potential growth over the coming decades for their stock.
Rama Steel Tubes Shareholding Pattern
The company ownership structure can be broken down as follows: retail investors and others own 51.87%, while promoters own 47.96%; however, foreign institutions hold just 0.17% while there is no reported mutual fund ownership or other domestic institutions.
| Shareholder Category | Ownership Percentage |
|---|---|
| Retail & Other | 51.87% |
| Promoters | 47.96% |
| Foreign Institutions | 0.17% |
| Mutual Funds | — |
| Other Domestic Institutions | — |
Rama Steel Tubes Competitors/Peer Companies
List includes several prominent steel and pipe manufacturing firms: Ratnamani Metals, JTL Industries, Venus Pipes & Tubes, Technocraft Industries, Hi-Tech Pipes, Man Industries Hariom Pipe Industries Vibhor Steel Tubes Dee Development Oil Country Tubular. Each of these firms specialize in creating various kinds of metallic pipes and tubes to satisfy different industrial demands. Rama Steel Share Price Target 2024 to 2030
Conclusion
If you want to invest for the long run in any company, I recommend selecting this one because the future for it appears promising but its stock performance has been disappointing over the last one or two years.
FAQs
Is Rama Steel good to buy?
If you want to invest for the long run in any company, I recommend selecting this one because the future for it appears promising but its stock performance has been disappointing over the last one or two years. Rama Steel Share Price Target 2024 to 2030
Is Rama Steel a multibagger?
Rama Steel Tubes delivered impressive returns over the last three years. Over five years it’s soared 1,715%. It is a multibagger. Today’s trading was characterized by high volumes, as 3.89 million shares changed hands for a total of Rs 51.19 lakh.
Why is Rama Steel falling?
The gradual reduction of the promoter’s and Foreign Institutional Investor (FII) stakes has contributed to the drop of Rama Steel Tubes’ share price. Promoter stakes decreased from 63.9 percent by June 2023, and to 56.3 percent by the end of June 2024. This raises questions about trust of the promoters regarding the future of the company.
What is the target of Ramasteel in 2024?
| Year | Initial Target | Year-End Target |
|---|---|---|
| 2024 | ₹12.74 | ₹13.20 |
What is the future of Rama Steel Tubes?
What is the NSE Rama Steel Share Price Target 2024? Rama Steel Share Price Goal 2024 ranges between 18.20 between the range of Rs 8.10. What is the Rama Steel Share Price Prediction 2025? Rama Steel Share Price 2025 will be expected to stay between 28.70 between the price of Rs 13.16.
