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Ramkrishna Forgings Ltd

RKFORGE

Ramkrishna Forgings Ltd

RKFORGE
IndustrialsRail
SmallcapWith a market cap of ₹17,525 cr, stock is ranked 384
Moderate RiskStock is 2.80x as volatile as Nifty
968.700.06% (+0.55)
968.700.06% (+0.55)

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IndustrialsRail
SmallcapWith a market cap of ₹17,525 cr, stock is ranked 384
Moderate RiskStock is 2.80x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsRail
SmallcapWith a market cap of ₹17,525 cr, stock is ranked 384
Moderate RiskStock is 2.80x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
38.836.530.21%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
83%
Analysts have suggested that investors can buy this stock

from 6 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.

Investor Presentation

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Oct 24, 2024

PDF
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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 12.21%

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 20.17%

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 34.33%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue917.37928.101,495.261,934.191,223.271,294.522,321.713,196.863,983.804,209.04
Raw Materialssubtract420.85421.92731.73943.20556.11641.431,232.831,623.091,877.343,216.38
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/Amortizationsubtract53.3275.0284.65121.06120.54116.70169.35201.64257.57262.27
Interest & Other Itemssubtract55.1778.1373.3784.0079.8080.6497.18121.75153.89151.77
Taxes & Other Itemssubtract20.425.6340.1363.625.1011.0755.17126.33117.62127.25
EPS3.890.786.207.370.591.2812.3915.5220.0424.97
DPS0.400.200.200.300.000.001.702.002.002.00
Payout ratio0.100.260.030.040.000.000.140.130.100.08

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
Oct 20PDF
FY 2023

Annual report

PDF

Investor Presentation

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

Annual report

PDF

Investor Presentation

Jul 21PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 24PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsRail

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ramkrishna Forgings Ltd51.336.530.21%
Jupiter Wagons Ltd63.2212.850.12%
BEML Ltd63.226.680.48%
Titagarh Rail Systems Ltd56.317.260.07%

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%1.75%3.38%24.25%27.45%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

SepNovDec '23MarJunSep2.76%1.99%1.50%1.47%1.51%1.75%

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
1.1930%3.26%0.30%4/92 (-2)
ITI Small Cap Fund - Direct Plan - Growth Option

Growth
0.1340%0.99%0.05%78/107 (-5)
Aditya Birla Sun Life Transportation and Logistics Fund - Growth - Direct Plan

Growth
0.1051%1.17%0.11%28/42 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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 DateOct 31, 2024

Interim 1
Interim 1 | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Oct 31, 2024

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

News & Opinions
Corporate
Board of Ramkrishna Forgings recommends 1st interim dividend

Ramkrishna Forgings announced that the Board of Directors of the Company at its meeting held on 24 October 2024, inter alia, have recommended the 1st interim dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ramkrishna Forgings fixes record date for 1st interim dividend

Ramkrishna Forgings has fixed 02 November 2024 as record date for payment of 1st interim dividend of Re 1 per equity share for FY 2024-25. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ramkrishna Forgings consolidated net profit rises 130.86% in the September 2024 quarter

Net profit of Ramkrishna Forgings rose 130.86% to Rs 189.77 crore in the quarter ended September 2024 as against Rs 82.20 crore during the previous quarter ended September 2023. Sales rose 17.23% to Rs 1053.63 crore in the quarter ended September 2024 as against Rs 898.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1053.63898.76 17 OPM %22.0622.25 - PBDT196.37166.59 18 PBT136.01105.78 29 NP189.7782.20 131 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ramkrishna Forgings fixes record date for 1st interim dividend

Ramkrishna Forgings has fixed 02 November 2024 as record date for first interim dividend for FY 2025, if declared. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ramkrishna Forgings to conduct board meeting

Ramkrishna Forgings will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
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 months 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

2 months 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

3 months 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

3 months 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

4 months agoCapital Market - Live