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1 Comment
Rama Steel Tubes Limited is currently in a long term uptrend where the price is trading 114.5% above its 200 day moving average.
From a valuation standpoint, the stock is 100.0% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.3.
Rama Steel Tubes Limited's total revenue rose by 76.6% to $2B since the same quarter in the previous year.
Its net income has increased by 659.3% to $30M since the same quarter in the previous year.
Finally, its free cash flow fell by 22.8% to $157M since the same quarter in the previous year.
Based on the above factors, Rama Steel Tubes Limited gets an overall score of 4/5.
| ISIN | INE230R01035 |
|---|---|
| Exchange | NSE |
| CurrencyCode | INR |
| Industry | Steel |
| Sector | Basic Materials |
| PE Ratio | 70.14 |
|---|---|
| Target Price | 135 |
| Beta | 0.42 |
| Market Cap | 17B |
| Dividend Yield | None |
Rama Steel Tubes Limited manufactures and sells steel pipes and tubes in India. The company offers mild steel electric resistance welded (ERW) black steel pipes and tubes, galvanized iron (GI) pipes, and specialty pipes. It also provides structural steel products comprising square and rectangular hollow sections; telecommunication and infrastructure solutions for substations, radar towers, and railway electrification systems; and solar project solutions, including specialized steel structures and single-axis trackers. In addition, the company offers ERW galvanized steel pipes and tubes, scaffolding pipes and tubes, and casing swaged poles, as well as pipes with grooves, light poles, fire-fix end piping systems, casing pipes, and square and rectangular pipes. It exports its products to the United Kingdom, the United Arab Emirates, Sri Lanka, Ethiopia, Kenya, Uganda, Somalia, Ghana, Sudan, Kuwait, the Republic of Congo, Yemen, Guyana, Germany, the United States, South Africa, Zambia, Malta, and internationally. Rama Steel Tubes Limited was incorporated in 1974 and is based in New Delhi, India.
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