Past 10 year's financial track record analysis by Moneyworks4me indicates that Ramkrishna Forgings Ltd is a average quality company.
The key valuation ratios of Ramkrishna Forgings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ramkrishna Forgings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| 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 | 4,140 |
| 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 | 24.9 |
| 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 | 162.5 |
| Adj Net Profit ⓘ | 71.9 | 56.4 | 7.8 | 93.9 | 119 | 12.8 | 19.7 | 198 | 256 | 336 | 451 |
| 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 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 | 32.3% | 74.9% | 71.1% | 25.3% | ||||
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 | 16.1 |
| Op. Profit Mgn % ⓘ | 14.7 | 16.9 | 17.6 | 19.4 | 20 | 17.6 | 17.4 | 22.3 | 22.1 | 21.3 | 21.3 |
| Net Profit Mgn % ⓘ | 7.9 | 5.2 | 0.8 | 6.3 | 6.2 | 1.1 | 1.5 | 8.5 | 8 | 8.5 | 10.9 |
| Debt to Equity ⓘ | 1.8 | 1.9 | 2.1 | 1.1 | 1.1 | 1.1 | 1.4 | 1.5 | 1 | 0.4 | 0.3 |
| Working Cap Days ⓘ | 195 | 205 | 273 | 211 | 184 | 274 | 277 | 232 | 217 | 204 | 108 |
| Cash Conv. Cycle ⓘ | 85 | 100 | 119 | 118 | 126 | 186 | 185 | 149 | 134 | 120 | 33 |
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 20.17%
Return on Equity has declined versus last 3 years average to 16.10%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 23.5 | 24.9 |
| TTM Sales (₹ Cr.) | 3,610 | 4,140 |
| BVPS (₹.) ⓘ | 161.1 | 162.5 |
| Reserves (₹ Cr.) ⓘ | 2,879 | 2,906 |
| P/BV ⓘ | 5.88 | 5.83 |
| PE ⓘ | 40.31 | 37.99 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 601.70 / 1064.00 |
| All Time Low / High (₹) | 4.26 / 1064.00 |
| Market Cap (₹ Cr.) | 17,147 |
| Equity (₹ Cr.) | 36.2 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 38.1 |
| Pledged * | 6.09 | 6.08 | 6.08 | 6.08 | 6.08 | 5.77 | 5.77 | 5.77 | 5.77 | 5.77 |
| 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% |
| 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 |
| 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 |
| 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 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:
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.
Different divisions of the company are:
Achievements/ recognition:
Future plans:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
