Rama Steel Tubes Limited (RAMASTEEL) - Net Assets

Latest as of March 2026: Rs4.83 Billion INR ≈ $52.21 Million USD

Based on the latest financial reports, Rama Steel Tubes Limited (RAMASTEEL) has net assets worth Rs4.83 Billion INR (≈ $52.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.90 Billion ≈ $96.29 Million USD) and total liabilities (Rs4.08 Billion ≈ $44.09 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 RAMASTEEL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs4.83 Billion
% of Total Assets	54.22%
Annual Growth Rate	29.42%
5-Year Change	281.16%
10-Year Change	815.33%
Growth Volatility	32.51

Rama Steel Tubes Limited - Net Assets Trend (2013–2026)

This chart illustrates how Rama Steel Tubes Limited's net assets have evolved over time, based on quarterly financial data. See Rama Steel Tubes Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Rama Steel Tubes Limited (2013–2026)

The table below shows the annual net assets of Rama Steel Tubes Limited from 2013 to 2026. For live valuation and market cap data, see Rama Steel Tubes Limited stock valuation.

Year	Net Assets	Change
2026-03-31	Rs4.83 Billion ≈ $52.21 Million	+29.37%
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	--

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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.64 Billion	34.27%
Other Components	Rs3.14 Billion	65.73%
Total Equity	Rs4.77 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
Dimerix Ltd AU:DXB	$89.21 Million
ADVENICA AB F:65R	$89.27 Million
Ecos India Mobility & Hospitality Ltd NSE:ECOSMOBLTY	$89.30 Million
Sarla Performance Fibers Limited NSE:SARLAPOLY	$89.39 Million
Foncière Volta PA:SPEL	$89.10 Million
WW Holding Inc TW:8442	$89.09 Million
EcoGraf Ltd F:FMK	$89.08 Million
GI Group Poland S.A. WAR:GIG	$89.05 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 2025 to 2026, total equity changed from 3,643,016,000 to 4,774,593,000, a change of 1,131,577,000 (31.1%).
Net income of 125,817,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 180,918,000.
Other factors increased equity by 1,186,678,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs125.82 Million	+2.64%
Other Comprehensive Income	Rs-180.92 Million	-3.79%
Other Changes	Rs1.19 Billion	+24.85%
Total Change	Rs-	31.06%

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: 1.90x
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 5.57x to 1.90x 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	Rs5.04	x
2014-03-31	Rs1.07	Rs5.04	x
2015-03-31	Rs5.54	Rs5.04	x
2016-03-31	Rs0.72	Rs5.04	x
2017-03-31	Rs1.41	Rs5.04	x
2018-03-31	Rs1.89	Rs5.04	x
2019-03-31	Rs2.07	Rs5.04	x
2020-03-31	Rs0.70	Rs5.04	x
2021-03-31	Rs0.79	Rs5.04	x
2022-03-31	Rs1.01	Rs5.04	x
2023-03-31	Rs1.99	Rs5.04	x
2024-03-31	Rs2.66	Rs5.04	x
2025-03-31	Rs2.34	Rs5.04	x
2026-03-31	Rs2.66	Rs5.04	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): 2.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.12%
• Asset Turnover: 1.26x
• Equity Multiplier: 1.86x
Recent ROE (2.64%) is below the historical average (10.68%), 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
2026	2.64%	1.12%	1.26x	1.86x	Rs-351.64 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: $4,962,007,503
Average return on equity (ROE) among peers: 3.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rama Steel Tubes Limited (RAMASTEEL)	Rs4.83 Billion	6.55%	0.84x	$89.17 Million
Ankit Metal & Power Limited (ANKITMETAL)	$1.20 Billion	5.37%	2.25x	$2.37 Million
APL Apollo Tubes Limited (APLAPOLLO)	$4.72 Billion	13.50%	1.73x	$5.59 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$12.69 Billion	11.40%	0.71x	$514.95 Million
Bedmutha Industries Limited (BEDMUTHA)	$987.90 Million	-40.30%	5.23x	$39.02 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$6.61 Billion	14.56%	0.24x	$158.98 Million
Electrotherm (India) Limited (ELECTHERM)	$587.16 Million	32.01%	5.36x	$149.04 Million
Grand Foundry Limited (GFSTEELS)	$-56.35 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$13.47 Billion	12.24%	0.88x	$487.00 Million
Godawari Power And Ispat limited (GPIL)	$9.28 Billion	-9.55%	2.75x	$1.90 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$133.55 Million	0.35%	1.68x	$138.11 Million

About Rama Steel Tubes Limited

NSE:RAMASTEEL India Steel

Market Cap

$89.17 Million

Rs8.25 Billion INR

Market Cap Rank

#19727 Global

#1068 in India

Share Price

Rs5.04

Change (1 day)

+0.80%

52-Week Range

Rs3.63 - Rs12.30

All Time High

Rs16.52