Rama Steel Tubes (RAMASTEEL) — concall transcript

📢 Key Event
Rama Steel Tubes reported H1 FY2023 revenue of 3470 million rupees in Q2, up 80% year-on-year.

🔄 What Changed
Revenue grew 80% in Q2 and 78% semiannually; EBITDA declined to 105 million rupees in Q2 due to raw material cost pressures; PAT margin fell to 1.58%; new 30,000-ton capacity to be operational by end of next month; target of 500,000 tons capacity by FY2025; value-added products to contribute 25-30% revenue growth.

🔮 What's Next
Target of 500,000 tons annual capacity by FY2025; 30% revenue growth expected; value-added products to improve EBITDA margins; 25-30% revenue growth from value-added products in FY2023; order book of 120 crore rupees with 50% from government sector.

💡 Investor Takeaway
The company is expanding capacity and focusing on higher-margin value-added products to offset margin pressure from raw material costs and drive growth.

Rama Steel Tubes reported H1 FY2023 revenue of 3470 million rupees in Q2 and 5872 million semiannually, up 80% and 78% year-on-year. EBITDA was 105 million rupees in Q2 and 204.89 million semiannually, with PAT margin at 1.58%. Management highlighted 300,000 tons annual capacity, 175,000 ton target for the year, and plans to scale to 500,000 tons by FY2025. Value-added products are expected to drive 25-30% revenue growth and improve EBITDA margins. The company secured 150 crore rupees in government orders and acquired Ashoka Infra for retail expansion. Export markets account for 10-15% of sales.

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About Rama Steel Tubes Ltd (RAMASTEEL)

Metals & Mining · Steel · Listed on BSE

Market Cap: ₹680.59 Cr P/E: 52.0 ROE: 3.3% ROCE: 5.6%

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🔥 Also filed on 30 September 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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