This Small Cap Iron & Steel Products Co. To Mull Stock Split

Rama Steel-the professional manufacturer and just in time supplier for steel pipes in India is set to mull over stock split.

Here are the details on it:

About the company

The Rs. 664.71 crore m-cap small company is established at all levels of the market-local, government, procurement and export. The company's pipes are designed complying with international standards.

 

Stock split details

The company in its filing said, "we would like to inform you that meeting of the Board of Directors of the
Company is scheduled to be held on 5th |uly, 2022 in order to consider the following proposal: The Proposal for sub-division of company's equity shares having face value of Rs 5/-each and matters related thereto, as may be permitted under applicable laws, subject tosuch regulatory/statutory approvals as may be required, including the approval of the
shareholders of the Company; c

The proposal for acquisition of majority stake in some of the companies and matterrelated thereto, subject to such regulatory/statutory approvals as may be required,including the approval of the shareholders of the Company."

Financials

Over the last 5 years, the company's have increased at an annual rate of 14.3% as against industry rate average of 8.74%. The company's revenues in Fy22 have increased immensely to Rs. 777.37 crore likewise its net income came in at Rs. 27.32 crore as against Rs. 12.37 crore. Also, the EPS at the company is consistently rising and came in at 16.41.