Rama Steel Share Price Target 2024, 2025, 2026, 2030 – Share Analysis

Rama Steel Tubes Limited: Financials, Fundamentals, Detailed Analysis, and Rama Steel Share Price Target (2024, 2025, 2026, 2027, 2028, 2029, 2030).

Are you looking for a Rama Steel Share Price Target? If yes, Then you are at the right place.

In this post, I will do a detailed analysis of Rama Steel Share plus we will of course forecast the share price of this share. So you can consider this post as a cue for your investment in Rama Steel share.

Hey, As we know this is a small-cap stock, so before you invest in it I want to tell you that the stock has given +1,087% returns from 2015 – 2023, which sounds good right? But the question is, will Rama Steel share give the same returns in the long term? So, I will answer this type of question so stick to the end of this post.

Rama Steel Overview

Rama Steel Tubes Limited is an Indian company that specializes in the manufacturing and distribution of steel and steel products. The company was founded in 1974 and is headquartered in Delhi, India. Rama Steel is engaged in various steel industries, including the production of steel pipes and tubes and the trading and distribution of steel products.

Rama Steel is known for a wide range of steel pipes and tubes, both welded and seamless. The company offers a product portfolio that includes pipes and tubes made from different types of steel, such as mild steel (MS), stainless steel, and carbon steel. Currently, Rama Steel distributes its products in India and internationally. They have a presence in many countries and are exporting their steel products to global markets.

Rama Steel Financials

In 2021, the company’s revenue surged to ₹477 crore, and its profit was ₹12.38 crore. In 2022, the company made a profit of ₹27.32 crore with a revenue of ₹777 crore. In 2023, Rama Steel made a profit of ₹27.44 crore and a revenue of ₹1,344 crore. 

Rama Steel Fundamentals

Market Cap.	₹2,443 crore
P/E ratio	84.05
Industry P/E	23.90
ROE	8.69%
EPS	0.19
Dividend Yield	0%
Book Value	2.17
Debt to Equity	0.43

Metrics Explained –

• Market Cap (Market Capitalization): ₹2,443 Crores: ₹2,443 Crores, suggesting that this is a mid-cap company in market capitalization.
• P/E Ratio (Price-to-Earnings Ratio): 84.05: The P/E ratio is a valuation metric that shows how much investors are willing to pay for each rupee of earnings. A P/E ratio of 84.05 indicates that investors are willing to pay ₹84.05 for every ₹1 of earnings per share (EPS).
• Industry P/E (Price-to-Earnings Ratio): 23.90: The industry’s average P/E ratio is 23.90. Comparing this to the company’s P/E of 84.05 suggests that the company’s stock may be trading at a higher valuation than the industry average.
• ROE (Return on Equity): 8.69%: ROE measures the company’s profitability relative to shareholders’ equity. An ROE of 8.69% indicates that the company generated a profit of 8.69% for every rupee of shareholders’ equity.
• EPS (Earnings Per Share): ₹0.19: EPS represents the portion of a company’s profit allocated to each outstanding share of common stock. In this case, the company earned ₹0.19 for each outstanding share over a specific period.
• Dividend Yield: 0%: The dividend yield represents the annual dividend payment as a percentage of the stock’s current market price. A dividend yield of 0% suggests that the company did not pay any dividends during the period.
• Book Value: ₹2.17: The book value per share is the company’s net asset value divided by the number of outstanding shares. In this case, it’s ₹2.17 per share.
• Debt to Equity Ratio: 0.43: The debt-to-equity ratio measures a company’s financial leverage. A ratio of 0.43 indicates that the company has 43 paise in debt for every rupee of equity.

Rama Steel Share Price Target Table

Year	Lowest Price	Highest Price
Rama Steel Share Price Target 2024	₹15.33	₹17.77
Rama Steel Share Price Target 2025	₹21.22	₹25.41
Rama Steel Share Price Target 2026	₹27.88	₹34.28
Rama Steel Share Price Target 2027	₹35.41	₹44.56
Rama Steel Share Price Target 2028	₹43.91	₹56.49
Rama Steel Share Price Target 2029	₹53.52	₹70.33
Rama Steel Share Price Target 2030	₹64.37	₹90.38

Rama Steel Share more details are available in this video –

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Rama Steel Share Price Target 2024

Currently, the share price of Rama Steel is booming, this share has given a return of +30% in the last 6 months which is quite good. If we see the last 1 year’s returns then it is +70%, while +894% in the last 5 years which is an average of +178% per year. So it is expected that Rama Steel Share Price Target 2024 can be INR 15.33 and the highest price can be INR 17.77.

Rama Steel Share Price Target 2025

The revenue, profit, and net worth of the company are growing rapidly i.e. the company is maintaining its business very well. The company has made a profit of 27.44 crore in 2023 which is more than the profit in 2022. Considering its past performance, it is being concluded that Rama Steel Share Price Target 2025 can reach INR 21.22 and the highest price can be INR 25.41.

Rama Steel Share Price Target 2026

The fundamentals of this share are also almost good, but its P/E ratio is currently much higher than its Industry P/E. The ROE of the share is 8.69% while EPS is 0.19, which is good as per its share price. But the company has some debt which is quite concerning for the company. By the way, the lowest Rama Steel Share Price 2026 can be INR 27.88 while the highest price can go up to INR 34.28.

Rama Steel Share Price Target 2030

Its historical data says the lowest and highest Rama Steel Share Price Target 2030 can reach INR 64.37 and INR 90.38 respectively.

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Conclusion

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