Ramkrishna Forgings Ltd

Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 30 May 2025.Powered by Capital Market - Live

The stock hit a 52-week low of Rs 579 today and is down 17.8% over the past year. According to the company's internal estimates, the discrepancies are expected to have an adverse impact amounting to 4% to 5% of the company's net worth, as stated in a regulatory filing on Saturday, 26 April 2025. The company explained, During the course of Annual Physical Verification of Inventory undertaken by the company for the Financial Year ended 31 March, 2025, which commenced from 6 April, 2025, it was observed that there have been discrepancies in certain cases of inventory. In response, the company's Audit Committee made the decision to appoint independent external agencies to ensure transparency, accountability, and adherence to the highest standards of Corporate Governance and to prevent similar issues in the future. Ramkrishna Forgings further clarified, On the basis of the final joint report by the independent external agencies, the company will appropriately account the impact in its financial statements on a one-time basis. The company emphasized that this incident was a first-ever occurrence in its history. The promoters of the company, acknowledging the potential adverse impact on the company's net worth, expressed their commitment to protecting stakeholder interests and maintaining the highest corporate governance standards. To mitigate the assessed impact upon completion of the fact-finding study, the Promoters have assured investors that they will fund the impact through permissible instruments under applicable laws, the Kolkata-based company added. Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts. On a consolidated basis, net profit of Ramkrishna Forgings rose 14.68% to Rs 99.61 crore while net sales rose 7.85% to Rs 1073.78 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Shriram Finance Ltd, Tejas Networks Ltd, Garden Reach Shipbuilders & Engineers Ltd, Chalet Hotels Ltd are among the other stocks to see a surge in volumes on NSE today, 28 April 2025.Ramkrishna Forgings Ltd registered volume of 63.66 lakh shares by 14:14 IST on NSE, a 7.7 fold spurt over two-week average daily volume of 8.27 lakh shares. The stock slipped 5.44% to Rs.621.00. Volumes stood at 8.49 lakh shares in the last session.Shriram Finance Ltd clocked volume of 275.05 lakh shares by 14:14 IST on NSE, a 4.48 times surge over two-week average daily volume of 61.35 lakh shares. The stock lost 4.92% to Rs.622.95. Volumes stood at 97.85 lakh shares in the last session.Tejas Networks Ltd recorded volume of 82.88 lakh shares by 14:14 IST on NSE, a 4.43 times surge over two-week average daily volume of 18.71 lakh shares. The stock lost 10.94% to Rs.765.00. Volumes stood at 20.52 lakh shares in the last session.Garden Reach Shipbuilders & Engineers Ltd clocked volume of 65.45 lakh shares by 14:14 IST on NSE, a 3.7 times surge over two-week average daily volume of 17.68 lakh shares. The stock gained 8.94% to Rs.1,761.40. Volumes stood at 22.46 lakh shares in the last session.Chalet Hotels Ltd recorded volume of 3.39 lakh shares by 14:14 IST on NSE, a 3.44 times surge over two-week average daily volume of 98428 shares. The stock lost 1.10% to Rs.816.50. Volumes stood at 1.41 lakh shares in the last session.Powered by Capital Market - Live

Ramkrishna Forgings announced that India Ratings & Research has revised (upgraded) the Company's Long-Term Bank Loan ratings to 'IND AA' with a Stable Outlook from 'IND AA-' and affirmed the Short-Term Rating at 'IND A1+'. Powered by Capital Market - Live

Mastek Ltd, Jyothy Labs Ltd, Muthoot Finance Ltd, Home First Finance Company India Ltd are among the other stocks to see a surge in volumes on NSE today, 09 April 2025.Ramkrishna Forgings Ltd registered volume of 119.55 lakh shares by 14:14 IST on NSE, a 30.55 fold spurt over two-week average daily volume of 3.91 lakh shares. The stock rose 3.38% to Rs.753.90. Volumes stood at 1.68 lakh shares in the last session.Mastek Ltd witnessed volume of 20.78 lakh shares by 14:14 IST on NSE, a 14.13 times surge over two-week average daily volume of 1.47 lakh shares. The stock increased 13.35% to Rs.2,237.55. Volumes stood at 1.65 lakh shares in the last session.Jyothy Labs Ltd saw volume of 57.34 lakh shares by 14:14 IST on NSE, a 13.42 fold spurt over two-week average daily volume of 4.27 lakh shares. The stock increased 7.09% to Rs.368.65. Volumes stood at 4.61 lakh shares in the last session.Muthoot Finance Ltd witnessed volume of 52.63 lakh shares by 14:14 IST on NSE, a 7.21 times surge over two-week average daily volume of 7.30 lakh shares. The stock dropped 5.74% to Rs.2,161.10. Volumes stood at 8.82 lakh shares in the last session.Home First Finance Company India Ltd registered volume of 15.09 lakh shares by 14:14 IST on NSE, a 4.42 fold spurt over two-week average daily volume of 3.42 lakh shares. The stock rose 3.29% to Rs.1,020.45. Volumes stood at 4.79 lakh shares in the last session.Powered by Capital Market - Live

Home First Finance Company India Ltd, Muthoot Finance Ltd, Atul Ltd, Phoenix Mills Ltd are among the other stocks to see a surge in volumes on BSE today, 09 April 2025.Ramkrishna Forgings Ltd saw volume of 1.42 lakh shares by 10:47 IST on BSE, a 6.83 fold spurt over two-week average daily volume of 20800 shares. The stock increased 6.30% to Rs.774.80. Volumes stood at 10016 shares in the last session.Home First Finance Company India Ltd saw volume of 28925 shares by 10:47 IST on BSE, a 2.19 fold spurt over two-week average daily volume of 13198 shares. The stock increased 3.22% to Rs.1,020.25. Volumes stood at 15648 shares in the last session.Muthoot Finance Ltd saw volume of 17328 shares by 10:47 IST on BSE, a 1.34 fold spurt over two-week average daily volume of 12884 shares. The stock dropped 6.20% to Rs.2,151.75. Volumes stood at 21655 shares in the last session.Atul Ltd saw volume of 3107 shares by 10:47 IST on BSE, a 1.34 fold spurt over two-week average daily volume of 2323 shares. The stock increased 0.92% to Rs.5,226.60. Volumes stood at 1530 shares in the last session.Phoenix Mills Ltd saw volume of 11517 shares by 10:47 IST on BSE, a 1.24 fold spurt over two-week average daily volume of 9301 shares. The stock dropped 4.17% to Rs.1,505.25. Volumes stood at 8562 shares in the last session.Powered by Capital Market - Live

Ramkrishna Forgings has commenced commercial production of NATIONAL 5' UPSETTER and DEFRIS 2%' UPSETTER at Ramkrishna Forgings Limited - Plot No. 1988, Mouza Dugni, PO Kolabira, Dist. Saraikella, Kharswan w.e.f. 27 March, 2025. This will enhance the production capacity of the Company by 14,250 Metric Tonnes Per Annum. The Total Production Capacity of the Company will now be as follows: a) Hot & Warm Forgings Capacity: 2,43,400 MT b) Cold Forgings Capacity: 25,000 MT Powered by Capital Market - Live

Glaxosmithkline Pharmaceuticals Ltd, Nuvoco Vistas Corporation Ltd, Concord Biotech Ltd, SKF India Ltd are among the other stocks to see a surge in volumes on NSE today, 17 February 2025.Ramkrishna Forgings Ltd saw volume of 30.05 lakh shares by 14:14 IST on NSE, a 5.99 fold spurt over two-week average daily volume of 5.02 lakh shares. The stock increased 1.60% to Rs.642.40. Volumes stood at 4.28 lakh shares in the last session.Glaxosmithkline Pharmaceuticals Ltd notched up volume of 27.46 lakh shares by 14:14 IST on NSE, a 5.27 fold spurt over two-week average daily volume of 5.21 lakh shares. The stock rose 15.94% to Rs.2,339.70. Volumes stood at 1.35 lakh shares in the last session.Nuvoco Vistas Corporation Ltd recorded volume of 6.7 lakh shares by 14:14 IST on NSE, a 4.39 times surge over two-week average daily volume of 1.53 lakh shares. The stock gained 2.13% to Rs.318.35. Volumes stood at 3.02 lakh shares in the last session.Concord Biotech Ltd saw volume of 10.37 lakh shares by 14:14 IST on NSE, a 4.09 fold spurt over two-week average daily volume of 2.54 lakh shares. The stock dropped 0.19% to Rs.1,689.15. Volumes stood at 10.49 lakh shares in the last session.SKF India Ltd witnessed volume of 1.55 lakh shares by 14:14 IST on NSE, a 3.92 times surge over two-week average daily volume of 39407 shares. The stock increased 2.77% to Rs.3,790.10. Volumes stood at 76626 shares in the last session.Powered by Capital Market - Live

Profit before tax in third quarter of FY25 was at Rs 128.16 crore, up 16.34% as against Rs 110.16 crore reported in the same period a year ago. EBITDA grew by 3.8% to Rs 215 crore in Q3 of FY25 from Rs 208 crore in Q3 of FY24. EBITDA margin declined to 22.6% in the December 2024 quarter as against 23% in the December 2023 quarter. In domestic markets, sales volume was 30,247 ton in Q3 of FY25, representing a YoY increase of 7.02%. Naresh Jalan, managing director of Ramkrishna Forgings, said, 'We are pleased to report a strong performance in the third quarter, with consolidated revenues higher by 8% on a year-over-year basis. This is despite de-growth growth in domestic CV volumes of 4%. Our growth has been driven by a higher share of business across existing customers, supported by the ramp-up of new components and order wins awarded in recent quarters. We have also witnessed sustained momentum in exports this quarter. In terms of order wins, we have received orders amounting to Rs 697 crore to be executed over a period of four years across the non-auto segment, including railways. The outlook remains exciting both for the near and medium term on the back of multiple growth levers of new products, new customers, new verticals being served, and new capacities. We are set to commence offerings towards two-wheelers and passenger vehicles in the coming months and quarters. This will enable further growth coming from the automotive sector, as we have not catered to these segments earlier. We are also excited by the prospects from new components as well as new assemblies. Capacity augmentation in cold forging and aluminum forging will aid growth, while newer, more automated lines and more value-engineered lines will enable higher value addition. Our plan for streamlining our subsidiaries is progressing well, and we are set to scale up our offerings in casting, which will complement our robust track record in forged products. With our recent entry into aluminum forging, we are also well positioned to address the opportunities from EV and hybrid vehicles. Our strategy of diversified growth, underpinned by a balanced approach to risk and return, will help us to drive sustained value creation for all stakeholders.' Shares of Ramkrishna Forgings slipped 1.84% to Rs 967.25 on the BSE.Powered by Capital Market - Live

Net profit of Ramkrishna Forgings rose 14.68% to Rs 99.61 crore in the quarter ended December 2024 as against Rs 86.86 crore during the previous quarter ended December 2023. Sales rose 7.85% to Rs 1073.78 crore in the quarter ended December 2024 as against Rs 995.59 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1073.78995.59 8 OPM %21.5522.06 - PBDT192.90181.81 6 PBT129.05114.27 13 NP99.6186.86 15 Powered by Capital Market - Live