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Nomura Singapore Acquires Stake in Rama Steel Tubes

Rama Steel Tubes has a presence in over 16 nations, including its subsidiaries in UAE and Nigeria which has strengthened the company’s presence in global markets.

Rama Steel Tubes
RSTL has state-of-the-art plants in Sahibabad, Khopoli, and Anantapur.

Rama Steel Tubes Ltd. (RSTL), a leading steel tube manufacturer, has announced its financial results for the quarter and year ended 31 March 2022, i.e. Q4 of FY22. According to data available on NSE and the news release by ANI, Nomura Singapore Ltd. acquired 1,00,000 shares at an average price of INR 371 on 15 June 2022.

The company has reported a growth in revenues of 63 percent from INR 476.57 crore in FY21 to INR 777.37 crore in FY22. The Profit After Tax (PAT) has shown a growth of 121 percent to INR 27.31 crore in FY22. Moreover, the EBIDTA has shown a growth of 111.59 percent year-over-year, which stood at INR 51.75 crore in FY22 against INR 24.46 crore in FY21.

Started in 1974, Rama Steel Tubes has been continuously striving to improve its performance by increasing sales, the share of value-added products, innovating new products, and aggressive cost optimisation on a continual basis. RSTL products range includes MS ERW black pipes from 15 mm to 200 mm diameter pipes.

Also Read: K.D. Industries: ‘Quality Products and Fast Turnaround Time are Our Strengths’

RSTL has a global presence in more than 16 countries, including its subsidiaries in the UAE and Nigeria which has strengthened the company’s presence in global markets. The Company has the world’s latest technology, plant and machinery, which also includes sophisticated testing equipment. Also, there are state-of-the-art manufacturing facilities located in Sahibabad (Uttar Pradesh), Khopoli (Maharashtra), and Anantapur (Andhra Pradesh).

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