Ramkrishna Forgings

₹693.3 7.2 | 1%

WEBSITE BSE:532527 NSE : RK FORGINGS 10 May, 16:01

Market Cap ₹12538 Cr.

Stock P/E 34.8

P/B 4.7

Current Price ₹693.3

Book Value ₹ 148.4

Face Value 2

52W High ₹815

Dividend Yield 0.29%

52W Low ₹ 337

Edit Ratio

Ramkrishna Forgings Research see more...

Overview Inc. Year: 1981Industry: Forgings

Ramkrishna Forgings Ltd is engaged in the production of forgings. The Company is working in Forgings, and Tours & Travels segments. The Company supplies its products to diverse sectors, which includes home and overseas markets. It additionally operates as a critical safety item supplier for screw coupling, bolster suspension, side frame keys and draw gear assembly for railway coaches and wagon. The Company offers its merchandise beneath product classes, which includes rolled products, forged products and machined merchandise. Its forgings are utilized in various industries and sectors, which comprises automobile, earth moving and mining, farm equipment, general engineering, railways, metal plants and oil exploration. Its centres carry out diverse activities, which includes engineering and designing, press forgings, ring rolling, machining, surface and heat treatment and quality check.

Ramkrishna Forgings Share Price

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Peer Comparison

Ramkrishna Forgings Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	601	719	699	824	777	892	892	981	1058	1023
Other Income	2	0	1	1	1	2	5	4	2	19
Total Income	603	719	700	825	778	893	897	986	1059	1042
Total Expenditure	460	571	549	649	604	698	700	776	833	806
Operating Profit	143	148	151	176	174	196	197	210	226	236
Interest	27	27	26	29	31	34	36	39	41	36
Depreciation	45	46	47	50	49	56	57	61	68	72
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	71	75	77	97	94	106	104	110	117	128
Provision for Tax	25	-9	26	30	32	38	25	28	30	34
Profit After Tax	45	84	51	67	61	68	79	83	87	94
Adjustments	0	-0	0	0	0	0	0	-0	-0	-0
Profit After Adjustments	45	84	51	67	61	68	79	82	87	94
Adjusted Earnings Per Share	2.8	5.2	3.2	4.2	3.8	4.3	4.9	5	4.8	5.2

Ramkrishna Forgings Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	421	560	907	1088	921	1491	1931	1216	1289	2320	3193	3954
Other Income	4	3	5	2	8	4	3	7	6	1	4	30
Total Income	426	563	912	1090	929	1495	1934	1223	1295	2322	3197	3984
Total Expenditure	358	502	777	907	759	1202	1545	1008	1065	1802	2499	3115
Operating Profit	67	61	136	183	170	293	389	215	229	520	698	869
Interest	29	23	32	55	78	73	84	80	81	97	122	152
Depreciation	23	25	32	53	75	85	121	121	117	169	202	258
Exceptional Income / Expenses	0	0	7	0	0	0	0	0	0	0	0	0
Profit Before Tax	16	13	79	75	17	135	184	15	32	253	374	459
Provision for Tax	8	4	4	20	6	40	64	5	11	55	126	117
Profit After Tax	8	8	75	55	11	95	120	10	21	198	248	343
Adjustments	1	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	9	8	75	55	11	95	120	10	21	198	248	342
Adjusted Earnings Per Share	0.8	0.6	5.5	3.8	0.8	5.8	7.4	0.6	1.3	12.4	15.5	19.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	38%	38%	16%	22%
Operating Profit CAGR	34%	48%	19%	26%
PAT CAGR	25%	192%	21%	41%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	105%	76%	49%	40%
ROE Average	21%	15%	12%	11%
ROCE Average	19%	13%	12%	11%

Ramkrishna Forgings Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	252	322	410	470	469	759	872	876	883	1078	1322
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	128	357	443	507	423	386	458	479	670	869	758
Other Non-Current Liabilities	30	32	39	65	53	72	76	82	84	111	180
Total Current Liabilities	223	320	550	642	913	863	830	794	1072	1467	1535
Total Liabilities	632	1031	1442	1685	1858	2080	2237	2231	2709	3525	3794
Fixed Assets	249	242	532	947	1024	1076	1114	1175	1240	1473	1693
Other Non-Current Assets	109	434	365	104	82	77	183	265	308	201	187
Total Current Assets	275	354	545	633	751	928	940	792	1161	1851	1915
Total Assets	632	1031	1442	1685	1858	2080	2237	2231	2709	3525	3794

Ramkrishna Forgings Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	4	15	1	2	1	1	2	3	67	36
Cash Flow from Operating Activities	-67	20	44	104	144	127	267	254	140	43	745
Cash Flow from Investing Activities	-53	-287	-272	-169	-107	-110	-254	-231	-222	-354	-299
Cash Flow from Financing Activities	121	279	214	67	-37	-17	-12	-22	147	280	-438
Net Cash Inflow / Outflow	1	11	-14	1	-1	0	1	1	65	-31	8
Closing Cash & Cash Equivalent	4	15	1	1	1	1	2	3	67	36	45

Ramkrishna Forgings Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.83	0.65	5.49	3.8	0.78	5.83	7.37	0.59	1.29	12.39	15.52
CEPS(Rs)	2.9	2.57	7.79	7.52	6.02	11.02	14.79	7.99	8.6	22.98	28.13
DPS(Rs)	0.2	0.2	0.4	0.4	0.2	0.2	0.3	0	0	0.5	2
Book NAV/Share(Rs)	22.54	24.09	29.39	32.74	32.43	46.18	53.13	53.34	54.83	66.98	80.72
Core EBITDA Margin(%)	13.63	9.75	13.69	15.75	16.31	19.14	19.97	17.13	17.34	22.34	21.73
EBIT Margin(%)	9.67	6.05	11.69	11.31	9.58	13.81	13.86	7.78	8.72	15.1	15.54
Pre Tax Margin(%)	3.45	2.16	8.32	6.52	1.7	8.95	9.51	1.22	2.46	10.91	11.73
PAT Margin (%)	1.73	1.41	7.91	4.74	1.13	6.29	6.22	0.8	1.6	8.53	7.77
Cash Profit Margin (%)	6.62	5.61	11.23	9.38	8.69	11.9	12.49	10.71	10.66	15.83	14.09
ROA(%)	1.26	1.02	6.1	3.49	0.63	4.82	5.56	0.43	0.84	6.35	6.78
ROE(%)	3.36	3.06	21	12.49	2.4	15.59	14.84	1.12	2.37	20.35	21.01
ROCE(%)	8.69	5.37	11.27	10.43	6.84	13.76	15.81	5.19	5.65	14.66	18.73
Receivable days	69.02	68.08	83.16	101.06	143.9	115.93	96.8	127.86	129.64	115.11	95.22
Inventory Days	117.68	93.49	63.71	62.77	82.54	63.86	59.6	103.51	112.83	90.24	92.37
Payable days	94.03	89.81	94.01	109.24	220.04	103.66	48.17	85.94	105.6	96.33	89.62
PER(x)	17.97	33.71	15.39	17.91	122.13	24.06	14.2	51.12	80.77	12.72	18.45
Price/Book(x)	0.66	0.91	2.88	2.08	2.95	3.03	1.97	0.57	1.91	2.35	3.55
Dividend Yield(%)	1.34	0.92	0.47	0.59	0.21	0.14	0.29	0	0	0.32	0.7
EV/Net Sales(x)	0.99	1.39	2.09	1.71	2.52	2.1	1.35	1.22	2.2	1.75	1.83
EV/Core EBITDA(x)	6.19	12.76	13.98	10.12	13.68	10.67	6.72	6.88	12.35	7.83	8.36
Net Sales Growth(%)	0	33.02	61.84	19.92	-15.35	61.93	29.52	-37.01	5.96	80.01	37.61
EBIT Growth(%)	0	-19.2	207.93	16.84	-27.01	119.45	28.45	-64.67	18.81	211.76	41.62
PAT Growth(%)	0	5.94	791.68	-27.68	-79.43	746.26	26.53	-91.93	113.17	858.12	25.29
EPS Growth(%)	0	-22.13	747.14	-30.7	-79.43	644.43	26.47	-91.93	117.68	856.76	25.29
Debt/Equity(x)	1.11	1.63	1.82	1.88	2.06	1.12	1.05	1.14	1.4	1.49	1.01
Current Ratio(x)	1.23	1.11	0.99	0.99	0.82	1.07	1.13	1	1.08	1.26	1.25
Quick Ratio(x)	0.56	0.62	0.67	0.64	0.57	0.73	0.73	0.55	0.67	0.78	0.66
Interest Cover(x)	1.55	1.56	3.47	2.36	1.22	2.84	3.19	1.19	1.39	3.61	4.08
Total Debt/Mcap(x)	1.67	1.79	0.63	0.9	0.7	0.37	0.53	1.99	0.73	0.63	0.29

Ramkrishna Forgings Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.04	46.24	46.24	46.27	46.27	46.27	46.27	47.41	43.14	43.17
FII	14.54	13.51	13.56	14.45	14	14.81	16.35	18.13	23.59	24.54
DII	6.9	5.37	4.93	4.61	4.71	4.76	4.2	3.73	3.62	3.68
Public	32.53	34.89	35.28	34.68	35.02	34.16	33.18	30.72	29.65	28.61
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.47	7.39	7.39	7.4	7.4	7.4	7.4	7.8	7.8	7.8
FII	0.46	2.16	2.17	2.31	2.24	2.37	2.61	2.98	4.26	4.44
DII	0.22	0.86	0.79	0.74	0.75	0.76	0.67	0.61	0.65	0.67
Public	1.04	5.58	5.64	5.54	5.6	5.46	5.3	5.05	5.36	5.17
Others	0	0	0	0	0	0	0	0	0	0
Total	3.2	15.99	15.99	15.99	15.99	15.99	15.99	16.45	18.08	18.08

Pros

Company has delivered good profit growth of 21% CAGR over last 5 years
Debtor days have improved from 96.33 to 89.62days.
Company has reduced debt.

Cons

Promoter holding is low: 43.17%.
Stock is trading at 4.7 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Ramkrishna Forgings News

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Ramkrishna Forgings

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Ramkrishna Forgings Research see more...

Overview Inc. Year: 1981Industry: Forgings

Ramkrishna Forgings Share Price

Alert Data

Quarterly Price

Peer Comparison

Ramkrishna Forgings Quarterly Results

Ramkrishna Forgings Profit & Loss

Growth Rates

Ramkrishna Forgings Balance Sheet

Ramkrishna Forgings Cash Flow

Ramkrishna Forgings Ratios

Ramkrishna Forgings Shareholding Pattern

Ramkrishna Forgings News

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