Ramkrishna Forgings Ltd

Ramkrishna Forg. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ramkrishna Forgings Ltd

₹ 964 1.77%
21 Nov - close price
ramkrishnaforgings.com BSE: 532527 NSE: RKFORGE
About

Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. [1][2] It is the 2nd largest forging player in India.[3]

Key Points

Leadership[1]

<h1>2nd Largest Forging Company in India</h1>
Website BSE NSE
  • Market Cap ₹ 17,429 Cr.
  • Current Price ₹ 964
  • High / Low ₹ 1,064 / 602
  • Stock P/E 54.0
  • Book Value ₹ 161
  • Dividend Yield 0.21 %
  • ROCE 18.7 %
  • ROE 16.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 22.3% CAGR over last 5 years
  • Debtor days have improved from 103 to 79.5 days.
  • Company's median sales growth is 20.5% of last 10 years
  • Company's working capital requirements have reduced from 117 days to 87.6 days

Cons

* 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.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of BSE 250 SmallCap Index Nifty Smallcap 50 Nifty Smallcap 250 Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
579 606 683 651 763 752 835 836 865 903 886 868 952
440 466 532 507 592 586 647 648 667 695 685 685 741
Operating Profit 139 140 151 144 170 166 188 188 198 208 201 183 212
OPM % 24% 23% 22% 22% 22% 22% 23% 22% 23% 23% 23% 21% 22%
0 2 0 1 1 1 2 5 3 2 14 7 103
Interest 21 26 26 26 28 30 32 34 37 36 29 30 32
Depreciation 40 45 46 47 50 49 56 57 59 63 65 56 53
Profit before tax 79 71 79 72 93 89 102 101 105 110 120 105 229
Tax % 37% 36% -9% 34% 31% 35% 35% 24% 25% 25% 27% 30% 20%
50 45 87 47 64 58 67 77 80 82 87 73 183
EPS in Rs 3.13 2.82 5.41 2.95 3.99 3.59 4.18 4.81 4.84 4.55 4.83 4.04 10.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
404 426 743 894 881 1,435 1,807 1,112 1,288 2,285 3,001 3,490 3,610
342 368 615 717 722 1,150 1,426 907 1,057 1,758 2,332 2,694 2,806
Operating Profit 62 58 127 178 159 285 380 205 231 528 669 796 803
OPM % 15% 14% 17% 20% 18% 20% 21% 18% 18% 23% 22% 23% 22%
1 2 13 3 8 4 3 6 4 2 4 23 125
Interest 22 23 31 53 76 70 80 76 77 94 116 137 128
Depreciation 23 25 31 53 75 84 121 120 116 169 201 244 237
Profit before tax 19 13 78 75 16 134 182 14 41 266 356 437 564
Tax % 41% 34% 5% 27% 33% 29% 35% 33% 33% 22% 34% 25%
11 8 75 55 11 95 119 10 28 206 236 326 425
EPS in Rs 1.05 0.65 5.44 3.83 0.76 5.81 7.31 0.59 1.75 12.89 14.73 18.04 23.52
Dividend Payout % 19% 31% 7% 10% 26% 3% 4% 0% 0% 13% 14% 11%
Compounded Sales Growth
10 Years: 23%
5 Years: 14%
3 Years: 39%
TTM: 10%
Compounded Profit Growth
10 Years: 44%
5 Years: 22%
3 Years: 125%
TTM: 15%
Stock Price CAGR
10 Years: 32%
5 Years: 74%
3 Years: 73%
1 Year: 26%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 18%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 21 26 27 29 29 33 33 33 32 32 32 36 36
Reserves 220 291 378 443 441 727 840 844 858 1,062 1,269 2,636 2,879
260 504 720 863 936 823 881 955 1,209 1,604 1,267 891 1,147
125 192 280 300 406 430 395 347 581 738 1,063 1,231 1,335
Total Liabilities 626 1,013 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,794 5,397
242 234 524 939 1,016 1,068 1,106 1,167 1,233 1,466 1,685 1,918 1,958
CWIP 40 347 316 35 50 44 130 216 272 125 85 175 339
Investments 6 7 7 7 19 19 19 19 19 74 19 374 393
339 425 560 653 725 882 895 777 1,156 1,772 1,842 2,326 2,708
Total Assets 626 1,013 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,794 5,397

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-58 28 49 109 144 125 273 251 126 39 778 636
-61 -292 -273 -172 -108 -110 -254 -225 -226 -353 -297 -958
123 275 210 64 -37 -15 -17 -26 164 279 -471 440
Net Cash Flow 3 11 -14 1 -1 0 2 0 64 -36 10 118

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 73 98 129 116 163 120 94 99 159 140 88 79
Inventory Days 261 252 169 209 227 153 131 258 245 242 220 214
Days Payable 94 164 129 137 274 148 104 149 244 203 193 200
Cash Conversion Cycle 240 186 169 188 116 125 121 208 160 179 115 93
Working Capital Days 141 113 116 117 107 101 87 116 159 164 101 88
ROCE % 9% 5% 10% 10% 7% 14% 16% 5% 6% 15% 18% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
46.04% 46.24% 46.24% 46.27% 46.27% 46.27% 46.27% 47.41% 43.15% 43.17% 43.17% 43.17%
14.54% 13.51% 13.56% 14.52% 14.00% 14.80% 16.34% 18.13% 23.59% 24.54% 23.76% 24.26%
6.89% 5.37% 4.93% 4.54% 4.71% 4.76% 4.20% 3.74% 3.62% 3.69% 4.27% 5.12%
32.28% 34.69% 35.11% 34.52% 34.88% 34.02% 33.05% 30.62% 29.58% 28.53% 28.72% 27.43%
0.24% 0.20% 0.17% 0.16% 0.15% 0.15% 0.13% 0.10% 0.08% 0.08% 0.08% 0.01%
No. of Shareholders 29,64443,77256,63861,90658,68260,13766,24283,35885,63783,39696,22389,585

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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