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RAMA STEEL TUBES
PS (Price/Sales) Ratio

The Current P/S Ratio of RAMA STEEL TUBES is 1.72.

Share Price ₹13.0May 03,2024
Market Cap ₹2,026.7 Cr
Sales-TTM₹1,177.5 CrTTM-Consolidated Results
Price/Sales1.72xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of RAMA STEEL TUBES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of RAMA STEEL TUBES is calculated as :

Current Market Cap [ ₹2,026.7 Cr] as on May 03,2024

(/) Sales [ ₹1,177.5 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.72x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for RAMA STEEL TUBES , the investors are currently willing to pay '1.72 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of RAMA STEEL TUBES !

The chart below summarizes the trend in P/S Ratio of RAMA STEEL TUBES over the last five years.

Historical PS (Price/Sales) ratio chart of RAMA STEEL TUBES


PS Ratio Performance Analysis for RAMA STEEL TUBES

- RAMA STEEL TUBES 's latest p/e ratio is 1.72x.

- RAMA STEEL TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.47x.

- RAMA STEEL TUBES 's operated at median p/e ratio of 0.37x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMA STEEL TUBES 's p/e ratio peaked in Mar2023 at 0.97x.

- RAMA STEEL TUBES 's p/e ratio hit its five-year low in Mar2020 of 0.09x.


How does RAMA STEEL TUBES 's P/S Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
RAMA STEEL TUBES 1,177.51.722,026.7
JSW STEEL LTD175,699.01.22213,561.0
TATA STEEL LTD233,445.00.89207,787.0
JINDAL STAINLESS LTD38,873.51.5560,312.5
STEEL AUTHORITY OF INDIA LTD106,550.00.6569,351.5
APL APOLLO TUBES LTD17,784.22.4844,057.0
MOTHERSON SUMI WIRING INDIA LTD7,945.13.8130,280.2
RATNAMANI METALS & TUBES LTD5,062.54.4322,414.4
SHYAM METALICS AND ENERGY LTD12,942.91.3217,137.3
WELSPUN CORP LTD16,948.60.9315,717.0
JINDAL SAW LTD20,720.00.8918,392.3

Steel & Iron Products Industry Benchmark (Top 10) PS Analysis vs RAMA STEEL TUBES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.65x
Max industry PS 4.43x
Median industry PS 1.32x
Average industry PS 1.81x



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