Summary of Key Information:
Reporting Period: Quarter and Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR
Audit Opinion:
Unmodified opinion issued by statutory auditors Rawat & Associates on both standalone and consolidated financial results.
Key Financial Highlights [₹ in Lakhs]:
Standalone Results:
Quarter Ended March 31, 2026:
- Revenue from Operations: ₹1,884.93 lakh (vs ₹2,374.02 lakh in Q4 FY25 - YoY decrease)
- Total Income: ₹1,924.18 lakh
- Net Profit: ₹147.67 lakh (vs ₹443.73 lakh in Q4 FY25 - YoY decrease)
- EPS: ₹0.01 (Basic and Diluted)
Year Ended March 31, 2026:
- Revenue from Operations: ₹9,543.34 lakh (vs ₹8,400.26 lakh in FY25 - YoY increase)
- Total Income: ₹9,748.68 lakh
- Net Profit: ₹1,453.49 lakh (vs ₹1,400.13 lakh in FY25 - YoY increase)
- EPS: ₹0.09 (Basic), ₹0.08 (Diluted)
- Other Equity: ₹25,522.59 lakh
- Cash and Cash Equivalents: ₹157.65 lakh
- Debt: Short-term borrowings ₹5,580.29 lakh, Long-term borrowings ₹79.43 lakh
Consolidated Results:
Quarter Ended March 31, 2026:
- Revenue from Operations: ₹2,461.53 lakh
- Net Profit: ₹379.46 lakh
- EPS: ₹0.03 (Basic), ₹0.02 (Diluted)
Year Ended March 31, 2026:
- Revenue from Operations: ₹11,241.19 lakh
- Net Profit: ₹1,094.70 lakh
- EPS: ₹0.08 (Basic), ₹0.07 (Diluted)
- Other Equity: ₹31,385.52 lakh
Segment-wise Performance:
The company operates in two segments:
1. Manufacturing - Steel Pipe
2. Trading - Building Material & Steel Products
Standalone Segment Results for FY26:
- Manufacturing Revenue: ₹6,564.35 lakh, Segment Profit: ₹552.99 lakh
- Trading Revenue: ₹3,876.93 lakh, Segment Profit: ₹35.03 lakh
Consolidated Segment Results for FY26:
- Manufacturing Revenue: ₹6,564.35 lakh, Segment Profit: ₹1,522.44 lakh
- Trading Revenue: ₹4,676.84 lakh, Segment Loss: ₹(356.61) lakh
Corporate Actions:
- No dividend declared for the period
- No share split, bonus issue, or buyback announced
- Equity share capital increased to ₹1,636.04 lakh from ₹1,554.23 lakh YoY
Other Significant Information:
- Company's shareholding in Bigwin Buildsys Coated Private Limited reduced from 24.80% to 9.32% due to preferential issue, no longer qualifies as associate
- Income tax department issued draft assessment order for AY 2023-24 proposing total income of ₹71.96 crores vs returned income of ₹22.48 crores
- Company has filed objections with Dispute Resolution Panel, matter pending adjudication
- Management believes no provision necessary as proposed additions are not sustainable
- New Labour Codes implementation being evaluated, management expects no material impact
Entities in Consolidation:
The consolidated results include:
- Rama Steel Tubes Limited (Parent)
- RST International Trading FZE (Foreign WOS)
- Lepakshi Tubes Private Limited (Indian WOS)
- Rama Defence Private Limited (Indian WOS)
- Ashoka Infrasteel (51% Partnership)
- RST Industries Limited (Step-down subsidiary)
- Bigwin Buildsys Coated Private Limited (Associate till March 28, 2026)
- Oram Green Energy Limited (Associate)
Assets and Liabilities Position (Standalone as of March 31, 2026):
- Total Assets: ₹54,905.34 lakh
- Total Equity: ₹41,883.00 lakh
- Total Liabilities: ₹13,022.34 lakh
- Current Ratio: Approximately 2.62 (Current Assets ₹32,721.39 lakh / Current Liabilities ₹12,483.35 lakh)
Cash Flow Analysis (Standalone FY26):
- Cash from Operating Activities: ₹1,899.83 lakh
- Cash used in Investing Activities: ₹(9,335.98) lakh
- Cash from Financing Activities: ₹7,138.16 lakh
- Net decrease in Cash: ₹(297.99) lakh