Metal Stock Under Rs 41 Posts 58% Surge In Profit, 2 Years Return 1240%

Multibagger stock operating in Metals & Ferrous sector, Rama Steel Tubes Ltd has been soaring for the last few days. Rama Steel Tubes declared 58% YoY surge in its consolidated net profit at Rs 11.66 crore for the March 2023 quarter as against Rs 7.4 crore announced a year ago. Check details below:

Rama Steel Tubes Stock Performance: Last trading price of Rama Steel Tubes share is Rs 40.63 per share with intraday gain of 1.45% on BSE. Rama Steel Tubes stock's 52-week high price is Rs 46.10 apiece and 52-week low price is Rs 13.32 apiece, respectively. Rama Steel Tubes has a market capitalisation of Rs 1,892.64 crore.

Rama Steel Tubes Return: The shares of Rama Steel Tubes have given stunning returns to investors over the years. In last 6 months, Rama Steel Tubes shares jumped 18%, 195% in last 1-year, 1240% in last 2-years, and delivered return of 3963% in last 3-years.

Rama Steel Tubes Q4: The company announced its revenue from operations soared nearly 58% YoY to Rs 399.24 crore for the three months ended on March 31, 2023. Earlier, revenue declared at Rs 251.9 crore in the year ago period.

Richi Bansal- Executive Director said, "We are also in process of entering into certain niche segments like supply of steel pipes and tubes to City Gas Distribution and Solar Energy power generation units. We plan to dedicate at-least 25% of our installed production capacity which is 344000 MT to cater to the demand of the Government sector in the coming years, which is having an EBITA margin of 9%-10%, thereby significantly improving our overall margins."

Rama Steel Tubes About: It is a leading manufacturer of an high quality assortment of Stainless Steel Tube and Pipes. Its products range consists of Welded Pipes, Seamless Pipes, Stainless Steel Tube, and stainless steel rods.

Disclaimer: The metal stock has been soaring for the last few days. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.