Rajkumar Forge Ltd

About [ edit ]

Rajkumar Forge is engaged in the business of manufacturing and selling open die forgings in both domestic and international markets.

  • Market Cap 50.2 Cr.
  • Current Price 45.9
  • High / Low 51.5 / 17.1
  • Stock P/E 15.2
  • Book Value 26.2
  • Dividend Yield 0.00 %
  • ROCE 21.4 %
  • ROE 18.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.85% for last 3 years.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
10.53 16.12 17.62 13.03 13.24 12.98 14.06 11.53 12.45 8.07 12.51 10.34
9.42 13.59 16.12 11.85 11.02 10.49 12.51 9.79 10.66 6.35 10.45 8.84
Operating Profit 1.11 2.53 1.50 1.18 2.22 2.49 1.55 1.74 1.79 1.72 2.06 1.50
OPM % 10.54% 15.69% 8.51% 9.06% 16.77% 19.18% 11.02% 15.09% 14.38% 21.31% 16.47% 14.51%
Other Income 0.00 -1.26 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.33 0.26 0.27 0.29 0.27 0.20 0.17 0.14 0.12 0.23 0.18 0.16
Depreciation 0.29 0.29 0.29 0.34 0.30 0.32 0.32 0.32 0.40 0.40 0.38 0.39
Profit before tax 0.49 0.72 0.94 0.55 1.65 1.97 1.06 1.28 1.27 1.09 1.50 0.95
Tax % 59.18% 19.44% 19.15% 21.82% 84.24% 20.81% -27.36% 3.12% 67.72% 18.35% 20.00% 15.79%
Net Profit 0.20 0.58 0.76 0.44 0.26 1.57 1.35 1.24 0.41 0.89 1.20 0.80
EPS in Rs 0.18 0.53 0.69 0.40 0.24 1.44 1.23 1.13 0.37 0.81 1.10 0.73

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
44.36 32.32 32.96 56.72 39.90 33.14 26.66 12.48 6.20 29.17 55.11 50.88 43.37
39.77 27.78 28.56 48.31 35.24 30.89 25.16 12.71 8.59 26.45 47.77 43.44 36.30
Operating Profit 4.59 4.54 4.40 8.41 4.66 2.25 1.50 -0.23 -2.39 2.72 7.34 7.44 7.07
OPM % 10.35% 14.05% 13.35% 14.83% 11.68% 6.79% 5.63% -1.84% -38.55% 9.32% 13.32% 14.62% 16.30%
Other Income 2.42 2.63 0.93 -0.44 2.54 0.12 2.28 0.89 0.36 0.15 -1.14 0.12 0.00
Interest 1.70 0.68 1.07 2.38 1.01 1.01 0.18 0.99 0.82 0.94 1.08 0.62 0.69
Depreciation 1.32 1.42 1.14 0.70 0.73 0.80 1.04 1.21 1.33 1.16 1.22 1.35 1.57
Profit before tax 3.99 5.07 3.12 4.89 5.46 0.56 2.56 -1.54 -4.18 0.77 3.90 5.59 4.81
Tax % 35.34% 34.12% 35.90% 33.74% -0.55% 55.36% 58.59% 27.27% 11.48% 42.86% 46.67% 18.25%
Net Profit 2.58 3.34 2.00 3.24 5.49 0.25 1.06 -1.12 -3.70 0.43 2.08 4.57 3.30
EPS in Rs 2.36 3.05 1.83 2.96 5.02 0.23 0.97 -1.02 -3.38 0.39 1.90 4.18 3.01
Dividend Payout % 36.04% 32.75% 54.70% 50.65% 29.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:5%
5 Years:14%
3 Years:102%
TTM:-16%
Compounded Profit Growth
10 Years:4%
5 Years:44%
3 Years:48%
TTM:-25%
Stock Price CAGR
10 Years:12%
5 Years:13%
3 Years:6%
1 Year:135%
Return on Equity
10 Years:6%
5 Years:3%
3 Years:12%
Last Year:19%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94 10.94
Reserves 4.48 6.52 7.50 8.96 12.55 12.65 13.61 12.49 8.79 9.15 11.20 15.70 17.72
Borrowings 10.93 7.92 18.30 13.80 14.17 15.54 10.08 6.60 4.00 5.00 4.58 4.53 2.90
9.60 7.83 6.07 11.79 7.51 5.57 5.35 3.57 3.73 7.72 12.90 12.10 12.09
Total Liabilities 35.95 33.21 42.81 45.49 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 43.65
8.83 7.99 7.68 8.23 7.72 11.67 14.60 14.35 13.02 12.02 12.83 17.65 16.89
CWIP 0.08 0.00 0.02 0.03 0.37 4.59 4.91 5.37 5.36 5.55 5.70 2.55 2.56
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
27.04 25.22 35.11 37.23 37.08 28.44 20.47 13.88 9.08 15.24 21.09 23.07 24.20
Total Assets 35.95 33.21 42.81 45.49 45.17 44.70 39.98 33.60 27.46 32.81 39.62 43.27 43.65

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
8.47 4.10 -8.18 10.21 -0.54 11.21 9.72 -0.51 4.22 0.11 4.19 3.91
-1.97 0.27 0.10 -1.19 3.00 -9.50 -3.45 -1.20 0.05 -0.34 -3.41 -2.97
-5.93 -4.83 8.31 -8.25 -2.61 -0.02 -6.14 -0.80 0.16 -1.36 -1.00 0.78
Net Cash Flow 0.57 -0.46 0.23 0.77 -0.15 1.69 0.13 -2.51 4.43 -1.59 -0.22 1.72

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21.09% 20.88% 13.49% 20.64% 13.71% 4.09% 5.31% -1.70% -12.50% 7.01% 24.09% 21.45%
Debtor Days 56.36 84.81 86.60 93.57 78.03 44.06 64.21 86.86 159.54 99.98 85.77 107.25
Inventory Turnover 3.48 2.79 2.07 3.83 2.99 2.24 2.38 1.33 0.85 4.56 7.22 6.23

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
73.17 73.17 72.49 72.45 72.45 72.45 72.45 72.45 72.45 72.45 72.45 72.45
26.83 26.83 27.51 27.55 27.55 27.55 27.55 27.55 27.55 27.55 27.55 27.55

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