Rama Steel Tubes Limited (RAMASTEEL) - Net Assets
Based on the latest financial reports, Rama Steel Tubes Limited (RAMASTEEL) has net assets worth Rs4.75 Billion INR (≈ $51.34 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.43 Billion ≈ $91.20 Million USD) and total liabilities (Rs3.69 Billion ≈ $39.86 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Rama Steel Tubes Limited (RAMASTEEL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.75 Billion |
| % of Total Assets | 56.29% |
| Annual Growth Rate | 29.42% |
| 5-Year Change | 273.37% |
| 10-Year Change | 1296.53% |
| Growth Volatility | 33.82 |
Rama Steel Tubes Limited - Net Assets Trend (2013–2025)
This chart illustrates how Rama Steel Tubes Limited's net assets have evolved over time, based on quarterly financial data. Also explore RAMASTEEL asset base for the complete picture of this company's asset base.
Annual Net Assets for Rama Steel Tubes Limited (2013–2025)
The table below shows the annual net assets of Rama Steel Tubes Limited from 2013 to 2025. For live valuation and market cap data, see Rama Steel Tubes Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.73 Billion ≈ $40.36 Million |
+7.52% |
| 2024-03-31 | Rs3.47 Billion ≈ $37.54 Million |
+31.71% |
| 2023-03-31 | Rs2.64 Billion ≈ $28.50 Million |
+108.05% |
| 2022-03-31 | Rs1.27 Billion ≈ $13.70 Million |
+26.73% |
| 2021-03-31 | Rs999.45 Million ≈ $10.81 Million |
+12.85% |
| 2020-03-31 | Rs885.64 Million ≈ $9.58 Million |
+1.79% |
| 2019-03-31 | Rs870.09 Million ≈ $9.41 Million |
+10.50% |
| 2018-03-31 | Rs787.40 Million ≈ $8.52 Million |
+49.29% |
| 2017-03-31 | Rs527.42 Million ≈ $5.70 Million |
+97.38% |
| 2016-03-31 | Rs267.21 Million ≈ $2.89 Million |
+29.10% |
| 2015-03-31 | Rs206.98 Million ≈ $2.24 Million |
+3.31% |
| 2014-03-31 | Rs200.35 Million ≈ $2.17 Million |
+18.53% |
| 2013-03-31 | Rs169.04 Million ≈ $1.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rama Steel Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 858.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.60 Billion | 43.82% |
| Common Stock | Rs1.55 Billion | 42.66% |
| Other Comprehensive Income | Rs180.92 Million | 4.97% |
| Other Components | Rs311.65 Million | 8.55% |
| Total Equity | Rs3.64 Billion | 100.00% |
Rama Steel Tubes Limited Competitors by Market Cap
The table below lists competitors of Rama Steel Tubes Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kalaris Therapeutics, Inc.
NASDAQ:KLRS
|
$102.12 Million |
|
Beta Systems Software AG
F:BSS
|
$102.12 Million |
|
Chyang Sheng Dyeing & Finishing Co Ltd
TW:1463
|
$102.17 Million |
|
Taiwan IC Packaging
TWO:3372
|
$102.19 Million |
|
Powerwell Holdings Bhd
KLSE:0217
|
$102.03 Million |
|
Star Holdings
NASDAQ:STHO
|
$102.03 Million |
|
Tillys Inc
NYSE:TLYS
|
$101.94 Million |
|
Grupo Ortiz Properties Socimi
MC:YGOP
|
$101.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rama Steel Tubes Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,351,464,000 to 3,643,016,000, a change of 291,552,000 (8.7%).
- Net income of 227,551,000 contributed positively to equity growth.
- Share repurchases of 56,609,000 reduced equity.
- New share issuances of 56,609,000 increased equity.
- Other comprehensive income increased equity by 172,876,000.
- Other factors decreased equity by 108,875,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs227.55 Million | +6.25% |
| Share Repurchases | Rs56.61 Million | -1.55% |
| Share Issuances | Rs56.61 Million | +1.55% |
| Other Comprehensive Income | Rs172.88 Million | +4.75% |
| Other Changes | Rs-108.88 Million | -2.99% |
| Total Change | Rs- | 8.70% |
Book Value vs Market Value Analysis
This analysis compares Rama Steel Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.37x to 2.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | Rs0.91 | Rs5.77 | x |
| 2014-03-31 | Rs1.07 | Rs5.77 | x |
| 2015-03-31 | Rs5.54 | Rs5.77 | x |
| 2016-03-31 | Rs0.72 | Rs5.77 | x |
| 2017-03-31 | Rs1.41 | Rs5.77 | x |
| 2018-03-31 | Rs1.89 | Rs5.77 | x |
| 2019-03-31 | Rs2.07 | Rs5.77 | x |
| 2020-03-31 | Rs0.70 | Rs5.77 | x |
| 2021-03-31 | Rs0.79 | Rs5.77 | x |
| 2022-03-31 | Rs1.01 | Rs5.77 | x |
| 2023-03-31 | Rs1.99 | Rs5.77 | x |
| 2024-03-31 | Rs2.66 | Rs5.77 | x |
| 2025-03-31 | Rs2.34 | Rs5.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rama Steel Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.17%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 2.08x
- Recent ROE (6.25%) is below the historical average (11.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 6.55% | 0.60% | 2.64x | 4.15x | Rs-5.83 Million |
| 2014 | 10.64% | 1.18% | 2.43x | 3.73x | Rs1.28 Million |
| 2015 | 3.32% | 0.36% | 2.00x | 4.65x | Rs-13.83 Million |
| 2016 | 22.54% | 2.49% | 2.26x | 4.01x | Rs33.51 Million |
| 2017 | 17.19% | 3.49% | 1.92x | 2.57x | Rs37.91 Million |
| 2018 | 16.15% | 3.43% | 2.42x | 1.95x | Rs48.41 Million |
| 2019 | 9.62% | 1.68% | 2.49x | 2.30x | Rs-3.29 Million |
| 2020 | 1.31% | 0.33% | 1.46x | 2.69x | Rs-76.94 Million |
| 2021 | 12.38% | 2.65% | 1.89x | 2.48x | Rs23.84 Million |
| 2022 | 21.57% | 3.56% | 2.14x | 2.83x | Rs146.49 Million |
| 2023 | 10.66% | 1.99% | 1.92x | 2.78x | Rs16.44 Million |
| 2024 | 8.69% | 2.78% | 1.43x | 2.19x | Rs-43.87 Million |
| 2025 | 6.25% | 2.17% | 1.38x | 2.08x | Rs-136.75 Million |
Industry Comparison
This section compares Rama Steel Tubes Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $56,981,137
- Average return on equity (ROE) among peers: 11.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rama Steel Tubes Limited (RAMASTEEL) | Rs4.75 Billion | 6.55% | 0.78x | $102.09 Million |
| Ankit Metal & Power Limited (ANKITMETAL) | $4.99 Billion | 10.25% | 2.32x | $2.44 Million |
| APL Apollo Tubes Limited (APLAPOLLO) | $155.16 Million | 43.49% | 4.18x | $5.72 Billion |
| Bansal Wire Industries Ltd (BANSALWIRE) | $4.61 Billion | 15.96% | 1.74x | $501.93 Million |
| Bedmutha Industries Limited (BEDMUTHA) | $-1.62 Billion | 0.00% | 0.00x | $38.63 Million |
| Bharat Wire Ropes Limited (BHARATWIRE) | $222.58 Million | 9.47% | 2.22x | $164.68 Million |
| Electrotherm (India) Limited (ELECTHERM) | $-10.96 Billion | 0.00% | 0.00x | $111.23 Million |
| Grand Foundry Limited (GFSTEELS) | $-32.83 Million | 0.00% | 0.00x | $4.07 Million |
| Goodluck India Limited (GOODLUCK) | $978.14 Million | 20.56% | 2.88x | $451.00 Million |
| Godawari Power And Ispat limited (GPIL) | $2.07 Billion | 26.10% | 1.64x | $2.08 Billion |
| Hariom Pipe Industries Limited (HARIOMPIPE) | $152.16 Million | -10.33% | 2.30x | $111.44 Million |
About Rama Steel Tubes Limited
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 ra… Read more