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16 Sept 2026

NSE Listed · Steel

ESM · ESM 1
What does ESM · ESM 1 mean?
BSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-06-25
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Rama Steel Tubes Limited (RAMASTEEL)

Volume: 27,22,764Avg Vol 1W: 32,32,856Avg Vol 1M: 16,63,44952W Range:₹3.43₹11.58
NSE BSE www.ramasteel.com AI Report
Key Ratios
Checked just now
Market Cap₹641 Cr
Current Price₹3.92
Previous Close₹3.74
High / Low (52w)₹11.58 / ₹3.43
Volume27,22,764
Avg Vol (1W)32,32,856
Avg Vol (1M)16,63,449
Stock P/E49
Book Value₹2.92
Dividend Yield0%
ROE263.51%
ROA135.11%
Revenue (TTM)₹1,142 Cr
Revenue Growth0.15%
Profit Margin119.98%
Total Debt₹7 Cr
Shares Outstanding164 Cr
Face Value₹1
EPS (TTM)₹0.08
P/B1.34
Debt / Equity0.33
50 DMA₹4.3
200 DMA₹6.15
Day change+4.81%
SurveillanceESM · ESM 1
Price Chart
₹3.92▼ 61.00% · 1Y
₹11₹429.0Cr
2025-09-16
2026-09-16

20-day avg volume: 17.8L shares

Pros
  • Healthy return on equity of 263.5%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹263 Cr₹275 Cr₹293 Cr₹268 Cr₹320 Cr₹289 Cr₹246 Cr₹223 Cr
EBITDA₹8 Cr₹9 Cr₹12 Cr₹10 Cr₹6 Cr₹7 Cr₹7 Cr₹6 Cr
Net Profit₹4 Cr₹6 Cr₹7 Cr₹5 Cr₹1 Cr₹2 Cr₹4 Cr₹5 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹225 Cr₹237 Cr₹1,065 Cr₹243 Cr₹279 Cr₹244 Cr₹188 Cr₹174 Cr
EBITDA₹6 Cr₹9 Cr₹40 Cr₹10 Cr₹6 Cr₹7 Cr₹4 Cr₹4 Cr
Net Profit₹4 Cr₹4 Cr₹23 Cr₹6 Cr₹3 Cr₹4 Cr₹1 Cr₹4 Cr
EPS——0.15—————
Balance Sheet
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹153 Cr₹200 Cr₹238 Cr₹248 Cr₹358 Cr₹695 Cr₹734 Cr₹758 Cr
Total Liabilities₹74 Cr₹113 Cr₹150 Cr₹148 Cr₹232 Cr₹431 Cr₹387 Cr₹385 Cr
Equity₹79 Cr₹87 Cr₹88 Cr₹100 Cr₹127 Cr₹264 Cr₹347 Cr₹373 Cr
Total Debt————————
Cash Flow
MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹9 Cr₹-12 Cr₹30 Cr₹25 Cr₹-31 Cr₹-89 Cr₹31 Cr₹57 Cr
Investing₹-9 Cr₹-3 Cr₹-7 Cr₹-10 Cr₹-9 Cr₹-53 Cr₹-1 Cr₹3 Cr
Financing₹6 Cr₹17 Cr₹-17 Cr₹-6 Cr₹41 Cr₹143 Cr₹-13 Cr₹-66 Cr
Free Cash Flow₹9 Cr₹-12 Cr₹30 Cr₹25 Cr₹-31 Cr₹-89 Cr₹31 Cr₹57 Cr
Shareholding
Promoter 34.18% Institutions 2.7% Public 63.12%
About Rama Steel Tubes Limited

Steel · Steel - Medium / Small

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 railway electrification systems; and solar project solutions, including specialized steel structures and single-axis trackers. In addition, the company offers ERW galvanized steel pipes and tubes, scaffolding pipes and tubes, and casing swaged poles, as well as pipes with grooves, light poles, fire-fix end piping systems, casing pipes, and square and rectangular pipes. It exports its products to the United Kingdom, the United Arab Emirates, Sri Lanka, Ethiopia, Kenya, Uganda, Somalia, Ghana, Sudan, Kuwait, the Republic of Congo, Yemen, Guyana, Germany, the United States, South Africa, Zambia, Malta, and internationally. Rama Steel Tubes Limited was incorporated in 1974 and is based in New Delhi, India.

www.ramasteel.com ↗
Efficiency & Working Capital
ROCE4.9%
Interest Coverage2.8
Dividend Payout—
Debtor Days85 d
Inventory Days44 d
Payable Days100 d
Cash Conversion Cycle29 d
Working Capital Days129 d
Shareholding Details

As of 2026-06-30

Promoter34.2%
FII2.7%
DII0%
Institutions2.7%
Public63.1%
Promoter Pledge0%
No. of Shareholders8,08,539
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters57.1%57.2%56.7%56.3%48%48%48%47.8%37.8%37.8%35.9%34.2%
FIIs0.3%0.3%0.1%0.1%0.2%0.1%0.4%0.5%5.4%5.7%5.7%2.7%
DIIs0.7%0.6%0%0%0%0%0%0%0%0%0%0%
Public41.8%41.9%43.2%43.6%51.9%52%51.6%51.7%56.8%56.5%58.4%63.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders71,73374,0861,64,8802,79,7518,51,9488,50,5988,42,6618,97,3898,58,2788,17,8088,08,1048,08,539
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Naresh Kumar BansalShareholding of Promoter and Promoter Group17.1%27.97 Cr
Nikhil Naresh BansalShareholding of Promoter and Promoter Group6.2%10.17 Cr
Kumud BansalShareholding of Promoter and Promoter Group3.2%5.19 Cr
Richi BansalShareholding of Promoter and Promoter Group2.9%4.77 Cr
Ebisu Global Opportunities Fund LimitedPublic Shareholding2.4%4.00 Cr
Krati BansalShareholding of Promoter and Promoter Group2.1%3.38 Cr
Tarun Dhir (partner Of M/s Arun Enterprises)Shareholding of Promoter and Promoter Group1.8%2.99 Cr
Murli Infratech LlpPublic Shareholding1.7%2.80 Cr
Kanika BansalShareholding of Promoter and Promoter Group0.5%83,25,000
Charanjit Lal DhirShareholding of Promoter and Promoter Group0.2%38,25,000
Tarun Dhir (partner Of M/s Dhir Enterprises)Shareholding of Promoter and Promoter Group0.1%22,49,891
Sangeeta DhirShareholding of Promoter and Promoter Group0%1,12,500
Prem DhirShareholding of Promoter and Promoter Group0%0
Arun DhirShareholding of Promoter and Promoter Group0%0
Tarun DhirShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
NARESH KUMAR BANSALChairman / Executive Director / M D / Promoter2025
RICHI BANSALED / WTD / CEO / Promoter2025
Saurabh ShashwatIndependent Non Exe. Director2025
Jai Prakash GuptaIndependent Non Exe. Director2025
Anju GuptaIndependent Non Exe. Director2025
Hari Shankar SinghExecutive Director2025
Vikas SharmaCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing - Steel Pipe₹700 Cr83.4%
Trading- Steel Pipe & Steel Product₹140 Cr16.6%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹1200155155
Corporate Actions
TypeDateValueRemark
forthcoming2026-08-14Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025510011062
202549009058
2025000202
Insider / Designated-Person Trades

6 recent disclosure(s)

TARUN DHIR Partner of M/s Arun EnterprisesDisposal · 56,86,447
TARUN DHIR Partner of M/s Arun EnterprisesDisposal · 2,80,29,332
TARUN DHIR Partner of M/s Arun EnterprisesDisposal · 2,00,00,000
TARUN DHIR Partner of M/s Arun EnterprisesDisposal · 30,00,000
TARUN DHIR Partner of M/s Arun EnterprisesDisposal · 75,20,000
Naresh Kumar BansalDisposal · 12,00,19,300
Substantial Acquisitions (SAST)

4 disclosure(s)

Market26/08/2024 · 7,00,00,000
Market26/08/2024 · 6,00,00,000
Market26/09/2023 · 1,40,00,000
Conv. of Warrants23/09/2022 · 5,00,000
Company Information
Incorporated1974
ChairmanNARESH KUMAR BANSAL
AuditorRawat & Associates
Investor Email[email protected]; [email protected]
🌐 www.ramasteel.com ↗

📍 B-5 3rd Floor, Main Road Ghazipur, New Delhi, New Delhi, 110066

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