In a statement made at its board meeting on Friday, Rama Steel Tubes announced a 4:1 bonus share issuance.
According to the company’s press statement, the bonus share issue will include the issuance of shares worth Rs 42.10 crore.According to the company’s filing, “Bonus shares will be issued out of credit of the share premium account of the Company available as of audited financial statements as of September 30, 2022.”
According to the business, bonus shares will be credited to investors by January 18, 2023, or within two months of the date of board approval. With a year-to-date return of 158% and a one-year return of 255%, Rama Steel Tubes is a multibagger investment.
Let us look at the Fundamentals of the company
Profit & Loss
Consolidated Figures in Rs. Crores / View StandalonePRODUCT SEGMENTS
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
TTM
Sales +
192
242
260
377
504
353
470
768
1,189
Expenses +
187
227
240
354
488
344
452
726
1,150
Operating Profit
6
15
20
22
16
9
18
42
39
OPM %
3%
6%
8%
6%
3%
2%
4%
5%
3%
Other Income +
3
3
4
5
5
6
8
9
13
Interest
5
6
8
6
9
10
8
11
17
Depreciation
2
3
3
2
3
3
3
4
5
Profit before tax
1
9
13
18
9
2
15
36
31
Tax %
22%
30%
28%
31%
11%
80%
16%
24%
Net Profit
1
6
9
13
8
0
12
27
25
EPS in Rs
0.02
0.16
0.24
0.30
0.20
0.01
0.29
0.65
0.55
Dividend Payout %
0%
0%
0%
0%
0%
0%
0%
3%
Compounded Sales Growth
10 Years:
%
5 Years:
24%
3 Years:
15%
TTM:
81%
Compounded Profit Growth
10 Years:
%
5 Years:
24%
3 Years:
48%
TTM:
-12%
Stock Price CAGR
10 Years:
%
5 Years:
31%
3 Years:
227%
1 Year:
117%
Return on Equity
10 Years:
%
5 Years:
14%
3 Years:
14%
Last Year:
24%
Balance Sheet
Consolidated Figures in Rs. Crores / View StandaloneCORPORATE ACTIONS
