Ramkrishna Forgings Ltd

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

Ramkrishna Forgings Ltd

₹ 964 -0.02%
22 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 ₹ 17,434 Cr.
  • Current Price ₹ 964
  • High / Low ₹ 1,064 / 602
  • Stock P/E 47.4
  • Book Value ₹ 163
  • Dividend Yield 0.21 %
  • ROCE 18.7 %
  • ROE 17.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 23.2% CAGR over last 5 years
  • Debtor days have improved from 102 to 78.4 days.
  • Company's median sales growth is 23.9% of last 10 years
  • Company's working capital requirements have reduced from 117 days to 88.6 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 Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index Nifty Smallcap 50 Nifty500 Multicap India Manufacturing 50:30:20 Nifty500 Multicap Infrastructure 50:30:20

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
579 601 719 699 824 777 892 892 899 1,058 1,023 959 1,054
448 460 571 549 649 604 698 700 699 833 806 756 821
Operating Profit 131 141 148 150 175 173 194 192 200 224 217 204 232
OPM % 23% 24% 21% 21% 21% 22% 22% 22% 22% 21% 21% 21% 22%
1 1 -0 1 1 1 2 5 7 2 19 11 84
Interest 21 27 27 26 29 31 34 36 38 41 36 36 39
Depreciation 40 45 46 47 50 49 56 57 61 68 72 62 60
Profit before tax 71 71 75 77 98 94 106 104 109 117 128 115 218
Tax % 38% 36% -12% 33% 31% 35% 36% 24% 24% 26% 27% 30% 13%
44 45 84 51 67 61 68 79 82 87 94 81 190
EPS in Rs 2.75 2.83 5.24 3.21 4.20 3.81 4.28 4.91 5.00 4.80 5.19 4.47 10.49
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
405 434 754 908 921 1,491 1,931 1,216 1,289 2,320 3,193 3,955 4,094
341 374 623 727 758 1,202 1,545 1,008 1,065 1,802 2,499 3,113 3,216
Operating Profit 64 60 131 181 163 289 386 209 224 518 694 842 878
OPM % 16% 14% 17% 20% 18% 19% 20% 17% 17% 22% 22% 21% 21%
4 1 12 2 7 4 3 6 5 1 4 29 115
Interest 29 23 32 55 78 73 84 80 81 97 122 154 152
Depreciation 23 25 32 53 75 85 121 121 117 169 202 258 262
Profit before tax 16 13 79 75 17 135 184 15 32 253 374 459 579
Tax % 50% 35% 5% 27% 33% 30% 35% 34% 35% 22% 34% 26%
8 8 75 55 11 95 120 10 21 198 248 341 451
EPS in Rs 0.83 0.65 5.49 3.81 0.78 5.82 7.36 0.59 1.29 12.36 15.52 18.89 24.95
Dividend Payout % 24% 31% 7% 11% 26% 3% 4% -0% -0% 14% 13% 11%
Compounded Sales Growth
10 Years: 25%
5 Years: 15%
3 Years: 45%
TTM: 18%
Compounded Profit Growth
10 Years: 45%
5 Years: 23%
3 Years: 152%
TTM: 28%
Stock Price CAGR
10 Years: 32%
5 Years: 70%
3 Years: 70%
1 Year: 27%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 19%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 218 289 377 442 440 726 840 843 851 1,046 1,290 2,648 2,906
263 511 735 882 957 845 912 993 1,233 1,618 1,333 1,207 1,481
130 204 303 332 433 452 417 361 587 785 1,076 1,422 1,532
Total Liabilities 632 1,031 1,442 1,685 1,858 2,056 2,201 2,230 2,703 3,481 3,731 5,312 5,955
249 242 532 947 1,024 1,076 1,114 1,175 1,240 1,473 1,693 2,428 2,532
CWIP 40 347 316 35 50 44 130 219 276 129 91 216 429
Investments 0 0 0 0 0 0 0 0 0 55 0 125 129
343 441 594 702 783 936 957 836 1,187 1,823 1,947 2,543 2,864
Total Assets 632 1,031 1,442 1,685 1,858 2,056 2,201 2,230 2,703 3,481 3,731 5,312 5,955

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-67 20 44 104 144 127 267 254 140 43 745 621
-53 -287 -272 -169 -107 -110 -254 -231 -222 -354 -299 -1,117
121 279 214 67 -37 -17 -12 -22 147 280 -438 625
Net Cash Flow 1 11 -14 1 -1 0 1 1 65 -31 8 129

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 79 114 145 136 176 126 96 103 162 140 89 78
Inventory Days 261 252 169 206 227 153 131 260 252 251 228 223
Days Payable 101 184 150 164 298 154 110 155 248 215 199 205
Cash Conversion Cycle 239 182 164 178 105 125 117 208 166 176 118 96
Working Capital Days 138 119 123 125 114 105 89 120 164 160 102 89
ROCE % 5% 11% 10% 7% 14% 16% 5% 6% 15% 19% 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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