Ramkrishna Forgings Ltd
RKFORGERamkrishna Forgings Ltd
RKFORGE
Price Chart
Scorecard
Performance
AvgPrice return has been average, nothing exciting
Valuation
HighSeems to be overvalued vs the market average
Growth
HighStrong financials and growth story over the years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 36.48 | 6.13 | 0.22% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 49.02 | 6.95 | 0.56% |
Forecast & Ratings
Detailed Forecast from 6 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Ramkrishna Forgings Limited is engaged in the manufacturing of forgings.
Investor Presentation
View olderPeers
Compare with peersJupiter Wagons Ltd
BEML Ltd
Titagarh Rail Systems Ltd
Texmaco Rail & Engineering Ltd
Oriental Rail Infrastructure Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 917.37 | 928.10 | 1,495.26 | 1,934.19 | 1,223.27 | 1,294.52 | 2,321.71 | 3,196.86 | 3,983.80 | 4,209.04 | ||||||||||
Raw Materials | 420.85 | 421.92 | 731.73 | 943.20 | 556.11 | 638.56 | 1,232.83 | 1,623.09 | 1,877.34 | 3,216.38 | ||||||||||
| Power & Fuel Cost | 70.84 | 86.65 | 121.68 | 142.61 | 97.32 | 93.59 | 152.40 | 187.92 | 227.19 | |||||||||||
| Employee Cost | 87.25 | 85.60 | 94.36 | 104.95 | 102.81 | 96.01 | 127.24 | 157.72 | 207.76 | |||||||||||
| Selling & Administrative Expenses | 86.89 | 62.28 | 79.92 | 75.71 | 70.14 | 70.78 | 118.57 | 210.87 | 224.19 | |||||||||||
| Operating & Other expenses | 68.08 | 101.64 | 174.48 | 278.93 | 181.75 | 166.50 | 170.93 | 319.42 | 576.81 | |||||||||||
EBITDA | 183.46 | 170.01 | 293.09 | 388.79 | 215.14 | 229.08 | 519.74 | 697.84 | 870.51 | 992.66 | ||||||||||
| Depreciation/Amortization | 53.32 | 75.02 | 84.65 | 121.06 | 120.54 | 116.70 | 169.35 | 201.64 | 257.57 | 262.27 | ||||||||||
| PBIT | 130.14 | 94.99 | 208.44 | 267.73 | 94.60 | 112.38 | 350.39 | 496.20 | 612.94 | 730.39 | ||||||||||
| Interest & Other Items | 55.17 | 78.13 | 73.37 | 84.00 | 79.80 | 80.64 | 97.18 | 121.75 | 153.89 | 151.77 | ||||||||||
| PBT | 74.97 | 16.86 | 135.07 | 183.73 | 14.80 | 31.74 | 253.21 | 374.45 | 459.05 | 578.62 | ||||||||||
| Taxes & Other Items | 20.42 | 5.63 | 40.13 | 63.62 | 5.10 | 11.07 | 55.17 | 126.33 | 117.62 | 127.25 | ||||||||||
| Net Income | 54.55 | 11.23 | 94.94 | 120.11 | 9.70 | 20.67 | 198.04 | 248.12 | 341.43 | 451.37 | ||||||||||
| EPS | 3.89 | 0.78 | 6.20 | 7.37 | 0.59 | 1.28 | 12.39 | 15.52 | 20.04 | 24.97 | ||||||||||
| DPS | 0.40 | 0.20 | 0.20 | 0.30 | 0.00 | 0.00 | 1.70 | 2.00 | 2.00 | 2.00 | ||||||||||
| Payout ratio | 0.10 | 0.26 | 0.03 | 0.04 | 0.00 | 0.00 | 0.14 | 0.13 | 0.10 | 0.08 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFInvestor Presentation
Peers & Comparison
IndustrialsRail
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Ramkrishna Forgings Ltd | 48.23 | 6.13 | 0.22% |
| Jupiter Wagons Ltd | 64.61 | 13.13 | 0.12% |
| BEML Ltd | 60.19 | 6.36 | 0.51% |
| Titagarh Rail Systems Ltd | 54.05 | 6.97 | 0.07% |
Price Comparison
Compare RKFORGE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Ramkrishna Forgings Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3324% | Percentage of the fund’s portfolio invested in the stock 3.44% | Change in the portfolio weight of the stock over the last 3 months 0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 4/87 (-1) |
ITI Small Cap Fund - Direct Plan - Growth Option Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1496% | Percentage of the fund’s portfolio invested in the stock 1.01% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 81/104 (-6) |
Aditya Birla Sun Life Transportation and Logistics Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.1174% | Percentage of the fund’s portfolio invested in the stock 1.23% | Change in the portfolio weight of the stock over the last 3 months 0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 27/41 (0) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateOct 31, 2024
Dividend/Share
₹1.00
Ex DateEx Date
Oct 31, 2024
Cash Dividend
Ex DateEx DateMay 10, 2024
Dividend/Share
₹1.00
Ex DateEx Date
May 10, 2024
Cash Dividend
Ex DateEx DateOct 30, 2023
Dividend/Share
₹1.00
Ex DateEx Date
Oct 30, 2023
Cash Dividend
Ex DateEx DateMay 9, 2023
Dividend/Share
₹0.50
Ex DateEx Date
May 9, 2023
Cash Dividend
Ex DateEx DateJan 31, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Jan 31, 2023
Ramkrishna Forgings announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the 1st interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live
Ramkrishna Forgings has fixed 02 November 2024 as record date for payment of 1st interim dividend of Re 1 per equity share for FY 2024-25. Powered by Capital Market - Live
Net profit of Ramkrishna Forgings rose 130.86% to Rs 189.77 crore in the quarter ended September 2024 as against Rs 82.20 crore during the previous quarter ended September 2023. Sales rose 17.23% to Rs 1053.63 crore in the quarter ended September 2024 as against Rs 898.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1053.63898.76 17 OPM %22.0622.25 - PBDT196.37166.59 18 PBT136.01105.78 29 NP189.7782.20 131 Powered by Capital Market - Live
Ramkrishna Forgings has fixed 02 November 2024 as record date for first interim dividend for FY 2025, if declared. Powered by Capital Market - Live
Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Jindal Steel & Power Ltd, Asahi India Glass Ltd, IIFL Finance Ltd, Jindal Worldwide Ltd are among the other stocks to see a surge in volumes on BSE today, 20 September 2024.Ramkrishna Forgings Ltd saw volume of 9.33 lakh shares by 10:48 IST on BSE, a 57.13 fold spurt over two-week average daily volume of 16338 shares. The stock dropped 0.93% to Rs.995.40. Volumes stood at 17284 shares in the last session.Jindal Steel & Power Ltd notched up volume of 11.55 lakh shares by 10:48 IST on BSE, a 20.08 fold spurt over two-week average daily volume of 57536 shares. The stock rose 0.98% to Rs.1,017.20. Volumes stood at 49509 shares in the last session.Asahi India Glass Ltd recorded volume of 1.4 lakh shares by 10:48 IST on BSE, a 7.69 times surge over two-week average daily volume of 18223 shares. The stock gained 5.77% to Rs.749.75. Volumes stood at 49137 shares in the last session.IIFL Finance Ltd saw volume of 12.07 lakh shares by 10:48 IST on BSE, a 5.77 fold spurt over two-week average daily volume of 2.09 lakh shares. The stock increased 9.01% to Rs.538.85. Volumes stood at 4.3 lakh shares in the last session.Jindal Worldwide Ltd recorded volume of 34295 shares by 10:48 IST on BSE, a 4.62 times surge over two-week average daily volume of 7417 shares. The stock gained 8.07% to Rs.374.80. Volumes stood at 1380 shares in the last session.Powered by Capital Market - Live
Ramkrishna Forgings has provided Corporate Guarantee upto an amount of USD 6.65 million to Ramkrishna Forgings Mexico S.A. de C.V,, Mexico (erstwhile Resortes Libertad S.A. de C.V.), wholly owned subsidiary company, for taking rented space on lease from Operadora Stiva S.A. de C.V., Mexico. Powered by Capital Market - Live
Ramkrishna Forgings announced that it has entered into Share Purchase Agreement to sell 100% stake in its Wholly-owned Subsidiary, Globe All India Services to Yatra Online, for a cash consideration of Rs. 128 crore (net of debt). Globe All India Services has evolved into one of India's leading Hospitality Management Companies, with a diversified portfolio spanning Corporate Travel, MICE (Meetings, Incentives, Conferences and Exhibitions), Leisure and Car Rental. The transaction is expected to close within this quarter, subject to the satisfactory completion of all closing conditions. Commenting on the development, Naresh Jalan, Managing Director of Ramkrishna Forgings Ltd. said, 'As part of our strategic product rationalization initiative, we have decided to focus on our core segments particularly in forged, machined and fabricated products for diverse sectors such as Automotive, Railways, Oil & Gas and Power, among others, where the Company see a great potential for growth and expansion. This move not only aligns with our long-term objectives but also enables us to strengthen our balance sheet. This division was built by addressing market needs of the time and its success reflects the dedication and hard work of our outstanding team. As the business transitions to new ownership, we express our sincere gratitude to everyone who played a role in its growth.' Powered by Capital Market - Live
Ramkrishna Forgings has received board approval for setting up an Aluminium Forging Facility at Jamshedpur. The Board of Directors have also given an approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to EV Market. The project will be set up with total installed capacity of 3,000 MT per annum and is expected to be commissioned by Q2 FY26. At the optimum capacity the project will generate additional revenue of Rs. 175 crore per annum for the Company. In its endeavour to get in light weighting to improve the performance, fuel efficiency and reduce environmental impact of a vehicle, the Company has decided to enter into Aluminium Forging. Powered by Capital Market - Live
Ramkrishna Forgings has allotted 83,825 equity shares under ESOP on 02 August 2024. Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 15.55%, vs industry avg of 12.21%
Decreasing Market Share
Over the last 5 years, market share decreased from 20.77% to 20.17%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 23.24%, vs industry avg of 34.33%