Rama Steel Tubes Ltd Q3 FY23 Share Price & Earnings Call Analysis

Financials of Rama Steel Tubes Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Rama Steel Tubes Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +350.25399.24312.52203.33262.39268.27216.64263.05275.17293.20268.13320.45289.38
Expenses +340.68371.59296.38191.18245.16254.81205.23262.47270.20281.14266.56315.54283.14
Operating Profit9.5727.6516.1412.1517.2313.4611.410.584.9712.061.574.916.24
OPM %2.73%6.93%5.16%5.98%6.57%5.02%5.27%0.22%1.81%4.11%0.59%1.53%2.16%
Other Income +7.10-5.332.041.131.780.510.969.405.431.5910.072.102.34
Interest5.696.627.193.947.272.843.232.662.872.912.983.232.87
Depreciation1.231.251.421.331.451.451.731.401.371.371.471.401.48
Profit before tax9.7514.459.578.0110.299.687.415.926.169.377.192.384.23
Tax %20.00%19.24%22.05%17.98%13.31%21.07%16.33%27.03%9.90%28.71%31.15%57.98%57.92%
Net Profit +7.8011.677.466.588.927.656.204.315.556.674.951.001.78
EPS in Rs0.050.080.050.040.060.050.040.030.040.040.030.010.01

Financials of Rama Steel Tubes Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +1922422603775043534707681,3371,0471,0481,171
Expenses +1872272403544883444527261,2859871,0191,146
Operating Profit6152022169184251592925
OPM %3%6%8%6%3%2%4%5%4%6%3%2%
Other Income +33455689851716
Interest568691081120211212
Depreciation233233345666
Profit before tax19131892153635382923
Tax %22%30%28%31%11%80%16%24%22%20%21%
Net Profit +1691380122727302314
EPS in Rs0.010.050.080.100.070.000.100.220.190.190.150.09
Dividend Payout %0%0%0%0%0%0%0%3%0%0%0%

Financials of Rama Steel Tubes Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital1788888847154155164
Reserves18184470797992118204181209303
Borrowings +5658576390838513819314589126
Other Liabilities +2123261124676294252254305252
Total Liabilities96107135153200238248358695734758843
Fixed Assets +1217264241415157106110103109
CWIP6110174611103
Investments1312225788136510
Other Assets +6577106109154183184288574617640721
Total Assets96107135153200238248358695734758843

Financials of Rama Steel Tubes Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +35-75-173025-35-961851
Cash from Investing Activity +-7-2-1-9-3-7-10-9-53-13
Cash from Financing Activity +9-510617-17-641143-13-66
Net Cash Flow5-112-369-3-65-12
Free Cash Flow-23-20-6-202314-46-146951
CFO/OP65%41%-19%41%-75%351%139%-75%-172%53%196%

Financials of Rama Steel Tubes Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days2136463747754150647685
Inventory Days5554843740616253585147
Days Payable526255156743376388106
Cash Conversion Cycle71641056972696067583826
Working Capital Days-310394036332626357885
ROCE %19%22%20%12%7%13%21%15%12%7%