Rama Steel Tubes (RAMASTEEL) — Announcement

📢 Key Event
ICRA withdraws ratings for RAMASTEEL's bank facilities

🔄 What Changed
Ratings withdrawn without credit risk change indication

💡 Investor Takeaway
Shareholders should note the withdrawn ratings reflect no credit risk deterioration but highlight rising leverage and shrinking profits.

Rama Steel Tubes Limited disclosed that ICRA withdrew its long-term and short-term credit ratings for bank facilities totaling ₹110 crores, following a no-objection certificate from lenders and ICRA's withdrawal policy. The filing confirms the ratings were withdrawn without indicating any change in credit risk, and the company's financial profile shows declining profitability and rising leverage, with PAT falling to ₹10.5 crores in FY2026 and debt/OI increasing to 7.6x.

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About Rama Steel Tubes Limited (RAMASTEEL)

Metals & Mining · Steel · Listed on NSE

Market Cap: ₹706.77 Cr P/E: 54.0 ROE: 3.3% ROCE: 5.6%

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🔥 Also filed on 13 July 2026

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

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