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Ramkrishna Forgings Ltd

RKFORGE

Ramkrishna Forgings Ltd

RKFORGE
IndustrialsRail
SmallcapWith a market cap of ₹17,327 cr, stock is ranked 389
Moderate RiskStock is 2.94x as volatile as Nifty
967.404.40% (+40.80)
967.404.40% (+40.80)

Price Chart

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IndustrialsRail
SmallcapWith a market cap of ₹17,327 cr, stock is ranked 389
Moderate RiskStock is 2.94x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsRail
SmallcapWith a market cap of ₹17,327 cr, stock is ranked 389
Moderate RiskStock is 2.94x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
50.406.460.21%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.137.140.47%

Forecast & Ratings

Detailed Forecast 
75%
Analysts have suggested that investors can buy this stock

from 4 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ramkrishna Forgings Limited is engaged in the manufacturing of forgings.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.55%, vs industry avg of 12.2%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 20.77% to 20.18%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 23.24%, vs industry avg of 34.19%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue917.37928.101,495.261,934.191,223.271,294.522,321.713,196.863,983.804,100.79
Raw Materialssubtract420.85421.92731.73943.20556.11641.431,232.831,623.091,877.343,212.79
Power & Fuel Costsubtract70.8486.65121.68142.6197.3293.59152.40187.92227.19
Employee Costsubtract87.2585.6094.36104.95102.8196.01127.24157.72207.76
Selling & Administrative Expensessubtract86.8962.2879.9275.7170.1476.72118.57210.87224.19
Operating & Other expensessubtract68.08101.64174.48278.93181.75157.68170.93319.42576.81
Depreciation/Amortizationsubtract53.3275.0284.65121.06120.54116.70169.35201.64257.57262.90
Interest & Other Itemssubtract55.1778.1373.3784.0079.8080.6497.18121.75153.89153.58
Taxes & Other Itemssubtract20.425.6340.1363.625.1011.0755.17126.33117.62127.73
EPS3.890.786.207.370.591.2812.3915.5220.0419.02
DPS0.400.200.200.300.000.001.702.002.002.00
Payout ratio0.100.260.030.040.000.000.140.130.100.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Jun 7PDF
May 3PDF
Jan 18PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

Apr 28PDF
Jan 20PDF
Oct 22PDF
Jul 21PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 21PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsRail

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ramkrishna Forgings Ltd50.756.460.21%
Jupiter Wagons Ltd62.9012.780.12%
BEML Ltd54.145.720.56%
Titagarh Rail Systems Ltd52.726.800.07%

Price Comparison

Compare RKFORGE with any stock or ETF
Compare RKFORGE with any stock or ETF
RKFORGE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding43.17%1.51%2.76%23.76%28.80%

Nov 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

JunSepNovDec '23MarJun16.35%18.13%23.67%23.59%24.54%23.76%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ramkrishna Forgings Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Aditya Birla Sun Life Pure Value Fund - Growth - Direct Plan

Growth
1.3232%3.38%-0.00%3/91 (-1)
ITI Small Cap Fund - Direct Plan - Growth Option

Growth
0.1485%1.07%1.07%70/103 (+21)
Aditya Birla Sun Life Transportation and Logistics Fund - Growth - Direct Plan

Growth
0.1165%1.16%1.16%26/40 (+12)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateMay 10, 2024

Interim 2
Interim 2 | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

May 10, 2024

Cash Dividend

Ex DateEx DateOct 30, 2023

Interim 1
Interim 1 | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Oct 30, 2023

Cash Dividend

Ex DateEx DateMay 9, 2023

Interim 4
Interim 4 | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

May 9, 2023

Cash Dividend

Ex DateEx DateJan 31, 2023

Interim 3
Interim 3 | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Jan 31, 2023

Cash Dividend

Ex DateEx DateNov 1, 2022

Interim 2
Interim 2 | Div/Share: ₹0.50

Dividend/Share

₹0.50

Ex DateEx Date

Nov 1, 2022

News & Opinions
Spotlight
Volumes jump at Ramkrishna Forgings Ltd counter

Jindal Steel & Power Ltd, Asahi India Glass Ltd, IIFL Finance Ltd, Jindal Worldwide Ltd are among the other stocks to see a surge in volumes on BSE today, 20 September 2024.Ramkrishna Forgings Ltd saw volume of 9.33 lakh shares by 10:48 IST on BSE, a 57.13 fold spurt over two-week average daily volume of 16338 shares. The stock dropped 0.93% to Rs.995.40. Volumes stood at 17284 shares in the last session.Jindal Steel & Power Ltd notched up volume of 11.55 lakh shares by 10:48 IST on BSE, a 20.08 fold spurt over two-week average daily volume of 57536 shares. The stock rose 0.98% to Rs.1,017.20. Volumes stood at 49509 shares in the last session.Asahi India Glass Ltd recorded volume of 1.4 lakh shares by 10:48 IST on BSE, a 7.69 times surge over two-week average daily volume of 18223 shares. The stock gained 5.77% to Rs.749.75. Volumes stood at 49137 shares in the last session.IIFL Finance Ltd saw volume of 12.07 lakh shares by 10:48 IST on BSE, a 5.77 fold spurt over two-week average daily volume of 2.09 lakh shares. The stock increased 9.01% to Rs.538.85. Volumes stood at 4.3 lakh shares in the last session.Jindal Worldwide Ltd recorded volume of 34295 shares by 10:48 IST on BSE, a 4.62 times surge over two-week average daily volume of 7417 shares. The stock gained 8.07% to Rs.374.80. Volumes stood at 1380 shares in the last session.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Ramkrishna Forgings provides corporate guarantee of USD 6.65 million for its Mexican subsidiary

Ramkrishna Forgings has provided Corporate Guarantee upto an amount of USD 6.65 million to Ramkrishna Forgings Mexico S.A. de C.V,, Mexico (erstwhile Resortes Libertad S.A. de C.V.), wholly owned subsidiary company, for taking rented space on lease from Operadora Stiva S.A. de C.V., Mexico. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Ramkrishna Forgings to sell its WoS 'Globe All India Services' to Yatra Online

Ramkrishna Forgings announced that it has entered into Share Purchase Agreement to sell 100% stake in its Wholly-owned Subsidiary, Globe All India Services to Yatra Online, for a cash consideration of Rs. 128 crore (net of debt). Globe All India Services has evolved into one of India's leading Hospitality Management Companies, with a diversified portfolio spanning Corporate Travel, MICE (Meetings, Incentives, Conferences and Exhibitions), Leisure and Car Rental. The transaction is expected to close within this quarter, subject to the satisfactory completion of all closing conditions. Commenting on the development, Naresh Jalan, Managing Director of Ramkrishna Forgings Ltd. said, 'As part of our strategic product rationalization initiative, we have decided to focus on our core segments particularly in forged, machined and fabricated products for diverse sectors such as Automotive, Railways, Oil & Gas and Power, among others, where the Company see a great potential for growth and expansion. This move not only aligns with our long-term objectives but also enables us to strengthen our balance sheet. This division was built by addressing market needs of the time and its success reflects the dedication and hard work of our outstanding team. As the business transitions to new ownership, we express our sincere gratitude to everyone who played a role in its growth.' Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ramkrishna Forgings Board approves foray into aluminium forging

Ramkrishna Forgings has received board approval for setting up an Aluminium Forging Facility at Jamshedpur. The Board of Directors have also given an approval for an investment of Rs 57.5 crore to set up the facility, which will primarily cater to EV Market. The project will be set up with total installed capacity of 3,000 MT per annum and is expected to be commissioned by Q2 FY26. At the optimum capacity the project will generate additional revenue of Rs. 175 crore per annum for the Company. In its endeavour to get in light weighting to improve the performance, fuel efficiency and reduce environmental impact of a vehicle, the Company has decided to enter into Aluminium Forging. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ramkrishna Forgings allots 83,825 equity shares under ESOP

Ramkrishna Forgings has allotted 83,825 equity shares under ESOP on 02 August 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live

Zomato Ltd leads gainers in ‘A’ group

2 months agoBusiness Standard

Ramkrishna Forgings Q1 result: PAT rises 3% to Rs 81 cr on higher income

2 months agoBusiness Standard

Ramkrishna Forgings Q1 Results: Cons PAT rises 3% YoY to Rs 81 crore

2 months agoEconomic Times

Board of Ramkrishna Forgings approves acquisition of an existing Mexican Company

2 months agoBusiness Standard
Corporate
Board of Ramkrishna Forgings approves acquisition of an existing Mexican Company

The Board of Ramkrishna Forgings at its meeting held on 24 July 2024 has approved acquisition of an existing company, Resortes Libertad S.A. DE. C.V. in Mexico and approved the appointment of Chaitanya Jalan and Lalit Kumar Khetan as Directors and appointment of Rajesh Mundhra as the Council Secretary of the company. The said company will become 100% subsidiary of the Company. Upon successful completion of the acquisition and receipt of statutory approvals, the name of the existing Mexican Company is proposed to be change from Resortes Libertad S.A. DE. C.V. to Ramkrishna Forgings Mexico S.A. DE. C.V. Powered by Capital Market - Live

2 months agoCapital Market - Live