---
title: "Rama Telecom Ltd (RTL) — Share Price, Financials & Analysis"
symbol: "RTL"
company: "Rama Telecom Ltd"
canonical: "https://tapetide.com/stocks/RTL"
isin: "INE14W901010"
nse_symbol: "RTL"
sector: "Telecom"
industry: "Telecom Infrastructure"
market_cap_cr: 102.95
generated_at: "2026-09-13T20:14:37.747Z"
---

# Rama Telecom Ltd (RTL)

Canonical page: https://tapetide.com/stocks/RTL

## Company

- **NSE Symbol:** RTL
- **ISIN:** INE14W901010
- **Sector:** Telecom
- **Industry:** Telecom Infrastructure
- **Macro Sector:** Telecommunication
- **Stock Type:** EQUITY
- **Listed Since:** 2025-07-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ramatelecom.net

## About

Established in July 2004, Rama Telecom Ltd provides customized E2E networking solutions in the Telecom & Datacom forefront.[1]

## Latest Price

- **Price:** ₹78
- **Change:** -5.8 (-6.92%)
- **Open:** ₹83.6
- **Day High:** ₹83.6
- **Day Low:** ₹78
- **Previous Close:** ₹83.8
- **Volume:** 6000
- **As Of:** 2026-09-10T09:35:02+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:22.173046Z.

- **Market Cap:** ₹102.95 Cr
- **Classification:** SME
- **P/E (reported):** 35.5
- **Book Value:** ₹31.72
- **Price to Book:** 2.46
- **Dividend Yield:** 0%
- **ROE:** 6.94%
- **ROCE:** 10.16%
- **Debt to Equity:** 0.27
- **Revenue (yearly):** ₹51 Cr
- **Net Income:** ₹2.9 Cr
- **EBITDA:** ₹4.7 Cr
- **52-Week High:** ₹100.9
- **52-Week Low:** ₹54
- **RSI (14):** 43.99

## Tapetide Score

- **Score:** 51 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Flat
- **Percentile:** 52 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 66.4 | 9% |
| growth | 64.45 | 9% |
| momentum | 58.1 | 12% |
| ownership | 57.78 | 24% |
| quality | 46.58 | 22% |
| valuation | 30.71 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Company has high debtors of 167 days.
- Working capital days have increased from 101 days to 164 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| ebitda margin growth | -51.6% | -19.95% | 65.41% |
| net income growth | -47.27% | 39% | 190% |
| revenue growth | 20% | 15% | 9.36% |
| roce | -77.69% | -70.28% | 26.93% |
| roe | -79.33% | 22.64% | -59.77% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 18.38 | 23.38 | 22.36 | 27.75 |
| Expenses | 16.07 | 18.3 | 19.2 | 27.14 |
| Operating Profit | 2.31 | 5.08 | 3.16 | 0.61 |
| OPM % | 12.57 | 21.73 | 14.13 | 2.2 |
| Other Income | 0.53 | 0.18 | 0.35 | 0.59 |
| Interest | 0.2 | 0.3 | 0.21 | 0.33 |
| Depreciation | 0.07 | 0.08 | 0.11 | 0.17 |
| Profit before tax | 2.57 | 4.88 | 3.19 | 0.7 |
| Tax % | 24.9 | 26.23 | 24.45 | 31.43 |
| Net Profit | 1.92 | 3.61 | 2.42 | 0.48 |
| EPS in Rs | 120 | 3.8 | 1.83 | 0.36 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 32.51 | 33.1 | 37.19 | 41.76 | 50.11 |
| Expenses | 30.77 | 31.32 | 33.16 | 34.38 | 46.33 |
| Operating Profit | 1.74 | 1.78 | 4.03 | 7.38 | 3.78 |
| OPM % | 5.35 | 5.38 | 10.84 | 17.67 | 7.54 |
| Other Income | 0.08 | 0.12 | 0.29 | 0.72 | 0.93 |
| Interest | 0.38 | 0.45 | 0.58 | 0.5 | 0.54 |
| Depreciation | 0.1 | 0.07 | 0.16 | 0.15 | 0.28 |
| Profit before tax | 1.34 | 1.38 | 3.58 | 7.45 | 3.89 |
| Tax % | 24.63 | 21.01 | 26.82 | 25.91 | 25.45 |
| Net Profit | 1.01 | 1.08 | 2.61 | 5.53 | 2.91 |
| EPS in Rs | 63.12 | 67.5 | 163.12 | 5.82 | 2.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.16 | 0.16 | 0.16 | 9.5 | 13.2 |
| Reserves | 5.68 | 6.76 | 9.38 | 6.96 | 28.67 |
| Borrowings | 2.14 | 3.97 | 4.64 | 5 | 11.16 |
| Other Liabilities | 5.57 | 5.05 | 5.26 | 7.19 | 15.27 |
| Total Liabilities | 13.55 | 15.94 | 19.44 | 28.65 | 68.3 |
| Fixed Assets | 0.25 | 1.16 | 1.24 | 1.16 | 3.57 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.02 | 0.02 | 0 | 0 | 0 |
| Other Assets | 13.28 | 14.76 | 18.2 | 27.49 | 64.73 |
| Total Assets | 13.55 | 15.94 | 19.44 | 28.65 | 68.3 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.27 | -1.43 | 0.82 | 0.12 | -15.55 |
| Cash from Investing Activity | 0.02 | -0.86 | 1.79 | -2.76 | -5.25 |
| Cash from Financing Activity | -0.43 | 0.12 | 0.09 | 1.26 | 28.08 |
| Net Cash Flow | 0.85 | -2.18 | 2.71 | -1.38 | 7.28 |
| Free Cash Flow | 1.21 | -2.42 | 0.58 | 0.07 | -18.24 |
| CFO/OP | 80 | -52 | 26 | 14 | -365 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 76.23 | 87.78 | 82.05 | 90.11 | 167.17 |
| Inventory Days | 2.57 | 18.41 | 20.3 | 116.2 | 245.63 |
| Days Payable | 115.9 | 72.79 | 84.84 | 94.07 | 246.39 |
| Cash Conversion Cycle | -37.1 | 33.39 | 17.51 | 112.25 | 166.4 |
| Working Capital Days | 20.1 | 44.33 | 57.12 | 82.77 | 164.11 |
| ROCE % | — | 19.4 | 33.03 | 44.56 | 11.89 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 99.01% | 71.28% | 71.28% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0.02% |
| Government | 0% | 0% | 0% |
| Public | 0.99% | 16.91% | 15.9% |
| Others | 0% | 11.8% | 12.8% |
| No. of Shareholders | 7 | 649 | 362 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 6 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 81.81 | Sell |
| EMA (10) | 81.44 | Sell |
| SMA (20) | 81.66 | Sell |
| EMA (20) | 81.65 | Sell |
| SMA (50) | 82.67 | Sell |
| EMA (50) | 82.27 | Sell |
| SMA (100) | 84.61 | Sell |
| EMA (100) | 81.01 | Sell |
| SMA (200) | 74.7 | Buy |
| EMA (200) | 75.05 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.99 | Neutral |
| MACD (12,26,9) | -0.32 | Sell |
| Stochastic (14,3,3) | 65.1 | Neutral |
| ADX (14) | 12.26 | Neutral |
| Williams %R (14) | -52.53 | Neutral |
| ATR (14) | 4.61 | High Volatility |
| ROC (12) | -2.5 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 57.09 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 5 February 2026 - Clarification to NSE on Nov 13, 2025 financial results; auditor certificate attached; segment reporting and XBRL EPS corrected. | [Reply to Clarification- Financial results 5 February 2026 - Clarification to NSE on Nov 13, 2025 financial results; auditor certificate attached; segment reporting and XBRL EPS corrected.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_04022026204621_clarification_financials_2nd-merged-_DSC.pdf) |
| 4 Aug - Rama Telecom secured new orders, including one valued at Rs.19.01 crore, from Indian Railways. | [Updates 4 Aug - Rama Telecom secured new orders, including one valued at Rs.19.01 crore, from Indian Railways.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_04082026170043_INTIMATION_UNDER_REGULATION_30.pdf) |
| 30 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026. | [Structural Digital Database 30 May 2026 - Submitted SDD compliance certificate for year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_30052026160246_SDD.pdf) |
| 30 May 2026 - Rama Telecom says Annual Secretarial Compliance Report not applicable for FY ended March 31, 2026. | [General Updates 30 May 2026 - Rama Telecom says Annual Secretarial Compliance Report not applicable for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_30052026143936_24_A.pdf) |
| 30 May 2026 - FY26 audited results approved; unutilized IPO funds of Rs503.54 lakh remain; new company secretary appointed. | [Outcome of Board Meeting 30 May 2026 - FY26 audited results approved; unutilized IPO funds of Rs503.54 lakh remain; new company secretary appointed.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_29052026195902_Outcome_of_BM-RAMA.pdf) |
| 30 May 2026 - Board approved audited FY26 results, appointed Puja Lakhotia CS, noted Nidhi Sharma resignation; IPO funds ₹503.54 lakh unutilized. | [Integrated Filing- Financial 30 May 2026 - Board approved audited FY26 results, appointed Puja Lakhotia CS, noted Nidhi Sharma resignation; IPO funds ₹503.54 lakh unutilized.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_30052026145318_Outcome_of_BM.pdf) |
| 30 May 2026 - Board appointed Puja Lakhotia as Company Secretary and Compliance Officer effective 29 May 2026. | [Appointment 30 May 2026 - Board appointed Puja Lakhotia as Company Secretary and Compliance Officer effective 29 May 2026.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_30052026153400_APPOINTMENT_OF_PUJA_LAKHOTIA.pdf) |
| 29 Aug - 22nd AGM on September 14, 2026 via VC/OAVM; cut-off date set for September 7, 2026. | [General Updates 29 Aug - 22nd AGM on September 14, 2026 via VC/OAVM; cut-off date set for September 7, 2026.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_29082026163712_Reg_42.pdf) |
| 27 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026. | [Trading Window 27 March 2026 - Trading window closed from 1 April 2026 until 48 hours after audited results for year ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/RAMATELECOMIPO_27032026141640_trading_window_closure__March.pdf) |
| 27 Jun - Exchange has sought clarification from Rama Telecom Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 27 Jun - Exchange has sought clarification from Rama Telecom Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=RTL&tabIndex=sme) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30458_RTL_2025_2026_A_73371323_20082026165420.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29095_RTL_2024_2025_A_5044443_16092025141005.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:14:37.747Z.