Is Ramkrishna Forgings a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ramkrishna Forgings Ltd is a average quality company .

Is Ramkrishna Forgings undervalued or overvalued?

The key valuation ratios of Ramkrishna Forgings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ramkrishna Forgings share price return in the past 10 years?

Ramkrishna Forgings Ltd share price has appreciated 35.2% annually (CAGR) over the past ten years.

Is Ramkrishna Forgings a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ramkrishna Forgings Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Ramkrishna Forgings Ltd - Stock Valuation and Financial Performance

Name: Ramkrishna Forgings
Brand: Ramkrishna Forgings

BSE: 532527 | NSE: RKFORGE | Forgings | Small Cap

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Ramkrishna Forgings Share Price

₹1,007.10 2.35 0.23%
as on 20-Sep'24 16:01

10 Year X-Ray of Ramkrishna Forgings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.3%	10.4%	6.8%	13.8%	15.8%	5.2%	5.7%	14.7%	18.7%	19.1%	-
Value Creation Index ⓘ	-0.2	-0.3	-0.5	0.0	0.1	-0.6	-0.6	0.1	0.3	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	907	1,088	921	1,491	1,931	1,216	1,289	2,320	3,193	3,955	4,068
Sales YoY Gr.	-	19.9%	-15.4%	61.9%	29.5%	-37%	6%	80%	37.6%	23.9%	-
Adj EPS ⓘ	5.2	3.9	0.5	5.8	7.3	0.8	1.2	12.4	16	18.6	19
YoY Gr.	-	-24.7%	-86.3%	966.7%	27.3%	-89.2%	55.7%	907.3%	29.1%	16.1%	-
BVPS (₹) ⓘ	29.4	32.7	32.4	46.2	53.1	53.3	54.8	67	80.7	148	152.3
Adj Net Profit ⓘ	71.9	56.4	7.8	93.9	119	12.8	19.7	198	256	336	344
Cash Flow from Ops. ⓘ	43.7	104	144	127	267	254	140	43.1	745	621	-
Debt/CF from Ops. ⓘ	16.8	8.5	6.7	6.7	3.4	3.9	8.8	37	1.8	1.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	17.8%	15.4%	45.3%	23.9%
Adj EPS ⓘ	15.1%	20.4%	147.2%	16.1%
BVPSⓘ	19.7%	22.7%	39.2%	83.3%
Share Price	35.2%	78.3%	70.5%	60.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	19.6	12.8	1.7	15.3	14.7	1.5	2.2	20.2	21.3	16.8	12.7
Op. Profit Mgn % ⓘ	14.7	16.9	17.6	19.4	20	17.6	17.4	22.3	22.1	21.3	21
Net Profit Mgn % ⓘ	7.9	5.2	0.8	6.3	6.2	1.1	1.5	8.5	8	8.5	8.5
Debt to Equity ⓘ	1.8	1.9	2.1	1.1	1.1	1.1	1.4	1.5	1	0.4	-
Working Cap Days ⓘ	195	205	273	211	184	274	277	232	217	204	102
Cash Conv. Cycle ⓘ	85	100	119	118	126	186	185	149	134	120	24

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 45.31%

Net Profit is growing at healthy rate in last 3 years 147.15%

Debt to equity has declined versus last 3 years average to 0.42

Sales growth is good in last 4 quarters at 20.62%

Return on Equity has declined versus last 3 years average to 12.70%

Latest Financials - Ramkrishna Forgings Ltd.

	Standalone	Consolidated
TTM EPS (₹)	17.8	19
TTM Sales (₹ Cr.)	3,522	4,068
BVPS (₹.) ⓘ	151.2	152.3
Reserves (₹ Cr.) ⓘ	2,701	2,721
P/BV ⓘ	6.66	6.61
PE ⓘ	56.58	53.02

From the Market
52 Week Low / High (₹)	583.20 / 1038.95
All Time Low / High (₹)	4.26 / 1038.95
Market Cap (₹ Cr.)	18,228
Equity (₹ Cr.)	36.2
Face Value (₹)	2
Industry PE ⓘ	47.4

Management X-Ray of Ramkrishna Forgings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

6.20

6.09

6.08

5.77

* Pledged shares as % of Promoter's holding (%)

Valuation of Ramkrishna Forgings

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of Ramkrishna Forgings

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	907	1,088	921	1,491	1,931	1,216	1,289	2,320	3,193	3,955
Operating Expenses ⓘ	777	907	759	1,202	1,545	1,008	1,065	1,802	2,499	3,113
Manufacturing Costs	136	184	203	258	309	212	218	374	474	623
Material Costs	525	553	395	756	1,033	594	640	1,161	1,611	2,015
Employee Cost	50	81	86	94	105	103	96	127	158	208
Other Costs ⓘ	66	87	75	94	98	99	111	140	257	267
Operating Profit ⓘ	130	181	162	289	386	208	224	518	694	842
Operating Profit Margin (%)	14.4%	16.7%	17.6%	19.4%	20.0%	17.1%	17.3%	22.3%	21.7%	21.3%
Other Income ⓘ	5	2	8	4	3	7	6	1	4	29
Interest ⓘ	32	55	78	73	84	80	81	97	122	154
Depreciation ⓘ	32	53	75	85	121	121	117	169	202	258
Exceptional Items ⓘ	7	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	79	75	17	135	184	15	32	253	374	459
Tax ⓘ	4	20	6	40	64	5	11	55	126	118
Profit After Tax	75	55	11	95	120	10	21	198	248	341
PAT Margin (%)	8.3%	5.0%	1.2%	6.4%	6.2%	0.8%	1.6%	8.5%	7.8%	8.6%
Adjusted EPS (₹)	5.5	3.8	0.8	5.8	7.4	0.6	1.3	12.4	15.5	18.9
Dividend Payout Ratio (%)	7%	11%	26%	3%	4%	0%	0%	4%	13%	11%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	405	470	465	753	866	870	875	1,071	1,291	2,675
Share Capital ⓘ	27	29	29	33	33	33	32	32	32	36
Reserves ⓘ	377	441	436	720	834	837	843	1,039	1,259	2,639
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	703	828	875	753	820	881	1,135	1,456	1,138	916
Long Term Debt	443	507	423	386	458	479	670	869	758	767
Short Term Debt	260	321	452	367	362	402	465	587	381	149
Trade Payables	156	176	300	301	279	214	433	608	792	1,017
Others Liabilities ⓘ	179	211	218	274	272	266	266	390	574	806
Total Liabilities ⓘ	1,442	1,685	1,858	2,080	2,237	2,231	2,709	3,525	3,794	5,413
Fixed Assets
Gross Block	696	1,164	1,099	1,235	1,393	1,572	1,753	2,151	2,568	3,523
Accumulated Depreciation	164	217	74	159	279	397	512	678	876	1,095
Net Fixed Assetsⓘ	532	947	1,024	1,076	1,114	1,175	1,240	1,473	1,693	2,428
CWIP ⓘ	316	35	50	44	130	219	276	129	91	216
Investmentsⓘ	0	0	0	0	0	0	0	55	0	125
Inventories	176	220	229	299	331	359	438	709	907	1,100
Trade Receivables	299	338	444	515	510	343	573	891	775	850
Cash Equivalents	1	2	2	1	3	3	68	38	47	177
Others Assetsⓘ	119	142	109	146	150	132	114	229	281	516
Total Assets ⓘ	1,442	1,685	1,858	2,080	2,237	2,231	2,709	3,525	3,794	5,413

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	44	104	144	127	267	254	140	43	745	621
PBT ⓘ	79	75	17	135	184	15	32	253	374	460
Adjustment ⓘ	56	109	144	156	184	181	189	247	280	347
Changes in Working Capital ⓘ	-76	-65	-13	-139	-57	65	-80	-409	159	-41
Tax Paid ⓘ	-16	-16	-5	-24	-44	-7	-1	-48	-68	-145
Cash Flow From Investing Activity ⓘ	-272	-169	-107	-110	-254	-231	-222	-354	-299	-1,117
Capex	-290	-171	-109	-112	-254	-227	-230	-299	-355	-587
Net Investments	0	0	-1	1	-1	0	0	-56	55	-109
Others ⓘ	18	2	2	2	1	-4	9	1	1	-422
Cash Flow From Financing Activityⓘ	214	67	-37	-17	-12	-22	147	280	-438	625
Net Proceeds from Shares ⓘ	13	12	0	197	1	0	0	2	0	1,049
Net Proceeds from Borrowing ⓘ	108	59	-36	-48	77	24	177	243	-92	6
Interest Paid ⓘ	-48	-58	-77	-73	-81	-76	-78	-98	-114	-148
Dividend Paid ⓘ	-3	-7	-6	-3	-3	-5	0	-5	-27	-24
Others ⓘ	144	60	82	-90	-6	35	48	138	-205	-257
Net Cash Flow ⓘ	-14	1	-1	0	1	1	65	-31	8	129

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21	12.49	2.4	15.59	14.84	1.12	2.37	20.35	21.01	17.22
ROCE (%)	11.27	10.43	6.84	13.76	15.81	5.19	5.65	14.66	18.73	19.06
Asset Turnover Ratio	0.77	0.74	0.56	0.77	0.89	0.54	0.52	0.74	0.87	0.86
PAT to CFO Conversion(x)	0.59	1.89	13.09	1.34	2.23	25.4	6.67	0.22	3	1.82
Working Capital Days
Receivable Days	83	101	144	116	97	128	130	115	95	75
Inventory Days	64	63	83	64	60	104	113	90	92	93
Payable Days	94	109	220	104	48	86	106	96	90	77

Ramkrishna Forgings Ltd Stock News

Ramkrishna Forgings Ltd FAQs

What is the share price of Ramkrishna Forgings?

Company share prices are keep on changing according to the market conditions. The closing price of Ramkrishna Forgings on 20-Sep-2024 16:01 is ₹1,007.1.

What is the market cap of Ramkrishna Forgings?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of Ramkrishna Forgings stood at ₹18,228.3.

What is the P/E ratio of Ramkrishna Forgings?

The latest P/E ratio of Ramkrishna Forgings as of 20-Sep-2024 16:01 is 56.58.

What is the P/B ratio of Ramkrishna Forgings?

The latest P/B ratio of Ramkrishna Forgings as of 20-Sep-2024 16:01 is 6.66.

What is the 52-week high and low of Ramkrishna Forgings?

The 52-week high of Ramkrishna Forgings is ₹1,039 and the 52-week low is ₹583.2.

What is the TTM revenue of Ramkrishna Forgings?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ramkrishna Forgings is ₹3,522 ( Cr.) .

About Ramkrishna Forgings Ltd

Ramkrishna Forgings Limited was founded on November 11, 1981.On a bed of integrity, fuelled by burning ambition, years of staying true to their principles and tireless endeavour has produced rich results. It became a limited company on May 25, 1995. And today its is an organisation manned by qualified people, with state-of-the-art manufacturing facilities and international levels of quality control.

The company is in the approved panel of R.D.S.O. for the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon. It is also in the approved panel of Hindustan Motors Ltd., TELCO Ltd., BEML Ltd., and many other engineering units. The company is an ISO 9002 approved unit accredited by BVQI since 15th August 2000 for manufacture & supply of open & closed plain carbon and low alloy steel forgings in the as- Forged, Heat Treated and Machined condition for Railways, Automobile and General Engineering Purposes.

Apart from standard products, the company undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. Whatever be the requirement customer knows that Ramkrishna Forgings will deliver the specified quality and within specified time to its satisfaction.

The company also exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan.

Product range of the company include:

AS Forged & Heat Treated Items
Machined Items

Different divisions of the company are:

Raw material & cutting section
Die making
Raw material heating
Open Die/ Close Die
Upset forging
Ring Rolling
Heat treatment
Shot blasting
Machining
Cad Cam Facility

Achievements/ recognition:

ISO 9001 (2000) By BVQI
ISO/TS 16949 (Plant I)
ISO/TS 16949 (Plant III & IV)

Future plans:

Projects under commissioning- Gear Cutting Facilities & Horizontal Machining Centre - Different Types of Gears & machining of assembly for automobile Industry.
Expansion Programme- Ring Rolling Line - It is a fully automated robotic line imported from SMS Eumuco, Germany, which will help the company to increase its production capacity considerably. The company will able to manufacture crown wheels & the bearing races through this route economically & with high productivity and will also help the company to increase its export market.