Krishanveer Forge Ltd

Krishanveer Forg Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Krishanveer Forge Ltd

₹ 137 -5.38%
08 Jun - close price
rkforging.com BSE: 513369
About

Incorporated in 1990, Krishanveer Forge Ltd is in the business of manufacturing and selling open die forgings

Key Points

Business Overview:[1]
Company is a holding company of Western India Forgings. It does production of Open Die Forgings and also forge various material grades, namely, plain carbon steels, alloy steels, Stainless Steels, Duplex Steel, 17-4PH, HNS etc. with different sizes and complex shape components. Company has specialization in forgings of critical shaped components like Khuff block, ‘Y’ blocks, Studded Tees, GV Bodies, etc.

Website BSE
  • Market Cap ₹ 150 Cr.
  • Current Price ₹ 137
  • High / Low ₹ 165 / 90.2
  • Stock P/E 16.2
  • Book Value ₹ 47.0
  • Dividend Yield 1.82 %
  • ROCE 26.2 %
  • ROE 19.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 44.1%

Cons

  • Earnings include an other income of Rs.4.04 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Products Castings & Forgings

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
19.02 19.26 18.48 23.01 23.19 24.86 20.25 18.16 19.82 23.64 20.98 20.33 24.35
16.45 17.30 17.62 20.85 20.99 22.19 18.22 16.21 17.82 20.97 17.87 17.64 20.70
Operating Profit 2.57 1.96 0.86 2.16 2.20 2.67 2.03 1.95 2.00 2.67 3.11 2.69 3.65
OPM % 13.51% 10.18% 4.65% 9.39% 9.49% 10.74% 10.02% 10.74% 10.09% 11.29% 14.82% 13.23% 14.99%
0.00 0.00 0.00 0.00 0.31 0.00 0.00 0.27 0.40 0.33 0.23 -0.48 3.96
Interest 0.20 0.10 0.03 0.07 0.27 0.03 0.07 0.04 -0.02 0.00 0.00 0.00 0.02
Depreciation 0.39 0.38 0.39 0.39 0.39 0.39 0.39 0.39 0.45 0.39 0.41 0.39 0.38
Profit before tax 1.98 1.48 0.44 1.70 1.85 2.25 1.57 1.79 1.97 2.61 2.93 1.82 7.21
Tax % 18.69% 22.30% 27.27% 13.53% 43.78% 22.67% 22.29% 32.40% 26.40% 20.31% 38.91% 3.85% 20.25%
1.61 1.15 0.33 1.47 1.04 1.75 1.23 1.21 1.45 2.07 1.79 1.76 5.75
EPS in Rs 1.47 1.05 0.30 1.34 0.95 1.60 1.12 1.11 1.33 1.89 1.64 1.61 5.26
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
27 12 6 29 55 51 40 67 81 83 83 89
25 13 9 26 48 43 34 60 77 76 74 77
Operating Profit 2 -0 -2 3 7 7 6 7 4 7 8 12
OPM % 6% -2% -39% 9% 13% 15% 16% 10% 5% 8% 10% 14%
2 1 0 0 -1 0 0 1 1 1 1 4
Interest 0 1 1 1 1 1 1 1 1 0 0 0
Depreciation 1 1 1 1 1 1 2 2 2 2 2 2
Profit before tax 3 -2 -4 1 4 6 4 5 2 5 8 15
Tax % 59% -27% -11% 43% 47% 18% 18% 30% 19% 27% 26% 22%
1 -1 -4 0 2 5 4 4 2 4 6 11
EPS in Rs 0.97 -1.02 -3.38 0.39 1.90 4.18 3.27 3.44 1.50 3.65 5.16 10.40
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 55% 48% 29%
Compounded Sales Growth
10 Years: 22%
5 Years: 17%
3 Years: 3%
TTM: 8%
Compounded Profit Growth
10 Years: 26%
5 Years: 21%
3 Years: 78%
TTM: 65%
Stock Price CAGR
10 Years: 16%
5 Years: 21%
3 Years: 41%
1 Year: 51%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 15%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 14 12 9 9 11 16 19 23 24 28 31 40
10 7 4 5 5 5 -0 5 -2 -1 -3 0
5 4 4 8 13 12 12 13 11 14 17 17
Total Liabilities 40 34 27 33 40 43 42 52 45 52 56 68
15 14 13 12 13 18 16 18 17 16 15 14
CWIP 5 5 5 6 6 3 3 0 0 0 0 4
Investments 0 0 0 0 0 0 0 0 0 0 12 19
20 14 9 15 21 23 23 34 28 36 29 31
Total Assets 40 34 27 33 40 43 42 52 45 52 56 68

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 -1 4 0 4 4 6 -5 7 1 5 2
-3 -1 0 -0 -3 -3 -0 -0 -1 -0 -1 -1
-6 -1 0 -1 -1 1 -2 -0 -1 -0 -2 -3
Net Cash Flow 0 -3 4 -2 -0 2 4 -5 6 -0 2 -2
Free Cash Flow 6 -2 4 -0 2 1 5 -5 7 0 5 1
CFO/OP 685% 104% -178% 11% 64% 69% 99% -48% 204% 27% 88% 35%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 64 87 160 100 86 107 112 98 76 87 82 92
Inventory Days 159 531 809 132 69 76 150 126 70 108 61 58
Days Payable 108 95 449 140 111 115 156 81 51 66 90 101
Cash Conversion Cycle 116 523 520 92 44 69 105 143 96 128 53 49
Working Capital Days 22 77 108 31 27 59 103 88 88 104 71 139
ROCE % 5% -2% -12% 7% 24% 21% 16% 17% 8% 17% 20% 26%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Share of Standalone Revenue
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Inventory Holding Period
Days
Receivable Period
Days
EBITDA per Metric Tonne (WIFPL Standalone)
INR/MT
Revenue per Metric Tonne (WIFPL Standalone)
INR/MT
Steel Forging Production Volume
MT
Western India Forging Pvt Ltd (Parent) Annual Capacity
Tonnes
Single Forging Weight Capacity
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46% 72.46%
27.53% 27.53% 27.53% 27.53% 27.53% 27.53% 27.53% 27.54% 27.52% 27.54% 27.52% 27.53%
No. of Shareholders 6,5956,6366,7797,0647,1137,4137,5307,5697,6827,5877,4197,343

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