Ramkrishna Forgings Ltd.

NSE: RKFORGE BSE: 532527 SECTOR: Forgings  22k   74   17

258.75
-3.95 (-1.50%)
NSE: 30 Jan 03:59 PM

Price Summary

Today's High

₹ 265.55

Today's Low

₹ 254.4

52 Week High

₹ 287

52 Week Low

₹ 146

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

4137.14 Cr.

Enterprise Value

5682.17 Cr.

No. of Shares

15.99 Cr.

P/E

16.2

P/B

3.3

Face Value

₹ 2

Div. Yield

0.19 %

Book Value (TTM)

₹  78.29

CASH

32.37 Cr.

DEBT

1577.4 Cr.

Promoter Holding

46.27 %

EPS (TTM)

₹  15.98

Sales Growth

77.38%

ROE

20.97 %

ROCE

15.12%

Profit Growth

638.69 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year77.38%
3 Year8.15%
5 Year21.01%

Profit Growth

1 Year638.69%
3 Year20.06%
5 Year80.02%

ROE%

1 Year20.97%
3 Year8.42%
5 Year11.11%

ROCE %

1 Year15.12%
3 Year8.74%
5 Year11.13%

Debt/Equity

1.4517

Price to Cash Flow

105.87

Interest Cover Ratio

3.82531347554769

CFO/PAT (5 Yr. Avg.)

1.77831074627354

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 46.27 6.08
Sep 2022 46.27 6.08
Jun 2022 46.23 5.97
Mar 2022 46.24 6.2
Dec 2021 46.04 4.53
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 20.0645215638056% for the Past 3 years.
  • The Company has been maintaining an effective average operating margins of 20.0042335933635% in the last 5 years.
  • Company’s PEG ratio is 0.340779265324783.
  • The company has a good cash flow management; CFO/PAT stands at 1.77831074627354.

 Limitations

  • The company has shown a poor revenue growth of 8.14942756989139% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 606.05 683.24 650.75 762.55 752.31
Total Expenditure 465.85 532.22 507.05 592.49 586.03
Operating Profit 140.21 151.02 143.7 170.06 166.28
Other Income 1.68 0 0.66 0.59 0.81
Interest 26.27 26.21 25.69 27.83 29.6
Depreciation 45.09 45.61 47.08 49.63 48.94
Exceptional Items 0 0 0 0 0
Profit Before Tax 70.52 79.2 71.59 93.2 88.54
Tax 25.4 -7.45 24.33 29.26 30.97
Profit After Tax 45.13 86.65 47.26 63.94 57.57
Adjusted EPS (Rs) 2.82 5.42 2.96 4 3.6

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1435.47 1806.69 1111.82 1288.38 2285.37
Total Expenditure 1150.64 1426.41 907.37 1057.89 1757.53
Operating Profit 284.82 380.28 204.45 230.49 527.83
Other Income 4.19 2.99 6.02 4.61 1.61
Interest 70.41 80 75.89 77.34 94.21
Depreciation 84.4 120.83 120.16 116.28 169.06
Exceptional Items 0 0 0 0 0
Profit Before Tax 134.21 182.44 14.42 41.48 266.17
Tax 39.55 63.13 4.8 13.52 59.67
Net Profit 94.66 119.31 9.61 27.96 206.5
Adjusted EPS (Rs.) 5.81 7.32 0.59 1.75 12.92

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 32.59 32.61 32.61 31.93 31.98
Total Reserves 726.59 840.3 843.82 858.04 1062.1
Borrowings 386.08 458.16 479.03 663.6 859.45
Other N/C liabilities 72.7 76.87 79.75 86.65 117.75
Current liabilities 818.94 778.28 742.42 1046.28 1409.26
Total Liabilities 2036.9 2186.2 2177.63 2686.5 3480.53
Assets
Net Block 1067.91 1106.31 1166.54 1232.71 1465.64
Capital WIP 43.56 129.59 216.44 272.02 125.09
Intangible WIP 0 0 0 0 0
Investments 19.3 19.3 19.3 19.38 19.38
Loans & Advances 32.11 47.49 41.66 30.95 65.09
Other N/C Assets 0.83 5.75 1.08 0.79 6.03
Current Assets 873.2 877.77 732.61 1130.65 1799.3
Total Assets 2036.9 2186.2 2177.63 2686.5 3480.53
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 134.21 182.44 14.42 41.48 266.17
Adjustment 153.02 180.22 176.67 184.53 236.21
Changes in Assets & Liabilities -138.88 -48.41 66.78 -93.94 -417.74
Tax Paid -23.32 -41.48 -6.7 -5.57 -45.56
Operating Cash Flow 125.03 272.77 251.16 126.5 39.08
Investing Cash Flow -109.55 -253.85 -224.93 -226.22 -353.48
Financing Cash Flow -15.32 -17.35 -25.9 164.05 278.84
Net Cash Flow 0.16 1.57 0.33 64.32 -35.56

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 46.04 46.24 46.23 46.27 46.27
riddhi portfolio p... - 22.41 - - -
riddhi portfolio p... 22.78 - 22.38 22.36 22.32
eastern credit cap... 17.24 17.24 17.24 17.24 17.21
chaitanya jalan 0.03 0.03 0.02 0.02 0.03
naresh jalan 0.88 0.88 0.88 0.88 0.88
mahabir prasad jal... 1.38 1.38 1.38 1.38 1.38
rashmi jalan 1.28 1.28 1.28 1.28 1.28
naresh jalan huf - 0.82 0.82 0.82 0.82
naresh jalan (huf) 0.82 - - - -
mahabir prasad jal... - 0.37 0.37 0.37 0.37
mahabir prasad jal... 0.37 - - - -
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 53.96 53.76 53.77 53.73 53.73
amansa holdings pr... 6.76 6.92 7.28 7.28 -
aditya birla sun l... 4.62 4.20 - - 5.23
aditya birla sun l... - - - - -
franklin india sma... 4.06 2.93 2.85 3.16 4.13
alternative invest... 0.38 0.47 - 1.05 3.68
massachusetts inst... - - - - 2.45
lata bhanshali 3.25 - 3.25 3.25 3.24
international fina... 2.38 2.38 - 3.20 2.37
principal trustee ... 2.72 2.20 1.87 1.45 3.14
india midcap (maur... - - 2.94 2.94 2.94
india midcap (maur... 2.94 2.94 - - -
alternate investme... - - - - -
reliance capital t... - 1.01 2.76 2.76 -
bnp paribas monthl... - - - 2.62 -
akash bhanshali - - - - -
icg q limited 2.03 2.03 2.03 2.15 2.03
blue daimond prope... - - - - -
aditya birla sun l... - - 2.26 - -
vantage equity fund - - - - 1.98
bnp paribas divide... - - 1.73 - -
westend propmart p... - - - - 1.57
chartered finance ... 1.57 1.57 1.57 1.57 -
kotak emerging equ... 1.34 1.55 1.57 1.57 1.23
abakkus growth fun... - - - - 1.54
blue lotus investm... - - - - -
bnp paribas mutual... 1.29 1.30 - - 1.10
indus india fund (... 1.14 1.14 1.14 1.27 -
tathastu advisors - - - - -
238 plan associate... - - - - -
tata aia life insu... 1.01 1.01 1.01 1.01 1.01
iepf 0.01 0.01 0.01 - 0.01

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Ramkrishna Forgings - Quaterly Results20 Jan 2023, 2:18PM Ramkrishna Forgings - Quaterly Results20 Jan 2023, 2:18PM Ramkrishna Forgings - Quaterly Results20 Jan 2023, 2:18PM Ramkrishna Forgings informs about board meeting 2 Jan 2023, 11:22AM Ramkrishna Forgings informs about allotment under ESOP23 Dec 2022, 2:11PM Ramkrishna Forgings gets nod to acquire upto 51% voting rights in TSUYO Manufacturing15 Dec 2022, 12:48PM Ramkrishna Forgings informs about disclosure13 Dec 2022, 11:50AM Ramkrishna Forgings informs about disclosure 13 Dec 2022, 10:32AM Ramkrishna Forgings informs about press release 31 Oct 2022, 4:27PM Ramkrishna Forgings bags order worth Rs 113.16 crore31 Oct 2022, 12:13PM Ramkrishna Forgings - Quaterly Results21 Oct 2022, 6:06PM Ramkrishna Forgings - Quaterly Results21 Oct 2022, 6:06PM Ramkrishna Forgings receives long-term supply contract worth Rs 121.5 crore21 Oct 2022, 10:37AM Ramkrishna Forgings informs about press release21 Oct 2022, 10:30AM Ramkrishna Forgings informs about 2nd Interim dividend 14 Oct 2022, 3:13PM Ramkrishna Forgings secures order for application in North American HCVs 10 Oct 2022, 11:28AM Ramkrishna Forgings approves fund raise of Rs 94.3 crore via preferential issue12 Sep 2022, 3:36PM Ramkrishna Forgings informs about TDS on final dividend30 Aug 2022, 4:54PM Ramkrishna Forgings wins large business of Metal Bars worth Rs 20.5 crore30 Aug 2022, 12:05PM Ramkrishna Forgings informs about disclosure 26 Aug 2022, 12:47PM Ramkrishna Forgings informs about newspaper advertisement23 Aug 2022, 4:23PM Ramkrishna Forgings informs about analyst meet 5 Aug 2022, 3:42PM Ramkrishna Forgings informs about disclosure30 Jul 2022, 10:47AM Ramkrishna Forgings informs about press release21 Jul 2022, 4:32PM Ramkrishna Forgings - Quaterly Results21 Jul 2022, 2:22PM Ramkrishna Forgings - Quaterly Results21 Jul 2022, 2:22PM Ramkrishna Forgings - Quaterly Results21 Jul 2022, 2:22PM Ramkrishna Forgings planning to raise funds20 Jul 2022, 4:29PM Ramkrishna Forgings informs about newspaper publication18 Jun 2022, 2:00PM Ramkrishna Forgings informs about newspaper publication 15 Jun 2022, 2:55PM Ramkrishna Forgings informs about newspaper publications9 Jun 2022, 4:49PM Ramkrishna Forgings informs about press release8 Jun 2022, 2:22PM Ramkrishna Forgings bags export order worth Rs 115 crore8 Jun 2022, 12:22PM Ramkrishna Forgings informs about disclosure17 May 2022, 10:42AM Ramkrishna Forgings gets export order worth Rs 105 crore10 May 2022, 10:30AM Ramkrishna Forgings informs about media release 10 May 2022, 10:28AM Ramkrishna Forgings - Quaterly Results3 May 2022, 3:14PM Ramkrishna Forgings - Quaterly Results3 May 2022, 3:14PM Ramkrishna Forgings - Quaterly Results3 May 2022, 3:14PM Ramkrishna Forgings informs about conference call28 Apr 2022, 4:06PM Ramkrishna Forgings informs about press release21 Apr 2022, 12:51PM Ramkrishna Forgings wins export order for Front Axle business21 Apr 2022, 11:51AM Ramkrishna Forgings informs about analyst meet13 Apr 2022, 4:08PM Ramkrishna Forgings informs about compliance certificate5 Apr 2022, 5:01PM Ramkrishna Forgings receives export order worth Rs 135 crore5 Apr 2022, 11:04AM Ramkrishna Forgings informs about disclosure25 Mar 2022, 5:14PM Ramkrishna Forgings informs about disclosures23 Mar 2022, 4:40PM Ramkrishna Forgings informs about analyst meet17 Mar 2022, 11:10AM Ramkrishna Forgings informs about disclosure16 Mar 2022, 5:09PM Ramkrishna Forgings wins order from India's largest MHCV OEM15 Mar 2022, 11:29AM

Ramkrishna Forgings Stock Price Analysis and Quick Research Report. Is Ramkrishna Forgings an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Ramkrishna Forgings has a PE ratio of 16.1969803194952 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Ramkrishna Forgings has ROA of 6.69695490817412 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Ramkrishna Forgings has a Current ratio of 1.27677480997959 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Ramkrishna Forgings has a ROE of 20.9712285376834 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Ramkrishna Forgings has a D/E ratio of 1.4517 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Ramkrishna Forgings has an Inventory turnover ratio of 4.10812749768135 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Ramkrishna Forgings has reported revenue growth of 77.3835370317591 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Ramkrishna Forgings for the current financial year is 23.0961787075196 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Ramkrishna Forgings is Rs 0.5 and the yield is 0.1928 %.

Brief about Ramkrishna Forgings

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