Ramkrishna Forgings Ltd

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

Ramkrishna Forgings Ltd

₹ 550 1.06%
28 Nov - close price
ramkrishnaforgings.com BSE: 532527 NSE: RKFORGE
About

Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. [1][2] It is the 2nd largest forging player in India.[3]

Key Points

Leadership[1]
It is the 2nd Largest Forging Company in India

Website BSE NSE
  • Market Cap ₹ 9,957 Cr.
  • Current Price ₹ 550
  • High / Low ₹ 1,020 / 513
  • Stock P/E 40.6
  • Book Value ₹ 169
  • Dividend Yield 0.36 %
  • ROCE 6.52 %
  • ROE 10.9 %
  • Face Value ₹ 2.00
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Pros

  • Company's working capital requirements have reduced from 38.1 days to 19.8 days

Cons

  • Stock is trading at 3.26 times its book value
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 13.6% over last 3 years.
  • Dividend payout has been low at 11.9% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.15%

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
762.55 752.31 835.40 835.95 864.62 902.88 895.89 886.34 970.77 967.56 809.62 936.69 800.79
592.48 586.03 647.24 648.41 666.67 695.37 723.60 739.29 826.84 859.37 720.26 801.92 692.90
Operating Profit 170.07 166.28 188.16 187.54 197.95 207.51 172.29 147.05 143.93 108.19 89.36 134.77 107.89
OPM % 22.30% 22.10% 22.52% 22.43% 22.89% 22.98% 19.23% 16.59% 14.83% 11.18% 11.04% 14.39% 13.47%
0.59 0.81 1.70 4.74 3.35 1.61 13.84 6.49 102.87 2.83 10.05 4.41 8.14
Interest 27.83 29.60 31.84 34.21 36.58 36.16 30.26 32.11 34.10 37.39 43.07 41.32 45.27
Depreciation 49.63 48.94 55.71 57.07 59.23 62.79 65.52 56.32 54.03 56.26 74.00 68.48 70.26
Profit before tax 93.20 88.55 102.31 101.00 105.49 110.17 90.35 65.11 158.67 17.37 -17.66 29.38 0.50
Tax % 31.39% 34.97% 34.69% 23.80% 24.60% 25.32% 36.06% 34.68% 14.21% 12.15% -1,276.95% 26.75% 24.00%
63.94 57.57 66.82 76.97 79.55 82.26 57.77 42.52 136.12 15.26 207.85 21.51 0.37
EPS in Rs 3.99 3.59 4.18 4.81 4.84 4.55 3.20 2.35 7.53 0.84 11.48 1.19 0.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
426 743 894 881 1,435 1,807 1,112 1,288 2,285 3,001 3,499 3,634 3,515
368 615 717 722 1,150 1,426 907 1,057 1,758 2,332 2,755 3,143 3,074
Operating Profit 58 127 178 159 285 380 205 231 528 669 745 491 440
OPM % 14% 17% 20% 18% 20% 21% 18% 18% 23% 22% 21% 14% 13%
2 13 3 8 4 3 6 4 2 4 23 121 25
Interest 23 31 53 76 70 80 76 77 94 116 138 148 167
Depreciation 25 31 53 75 84 121 120 116 169 201 245 241 269
Profit before tax 13 78 75 16 134 182 14 41 266 356 385 224 30
Tax % 34% 5% 27% 33% 29% 35% 33% 33% 22% 34% 29% -80%
8 75 55 11 95 119 10 28 206 236 274 402 245
EPS in Rs 0.65 5.44 3.83 0.76 5.81 7.31 0.59 1.75 12.89 14.73 15.16 22.20 13.53
Dividend Payout % 31% 7% 10% 26% 3% 4% 0% 0% 13% 14% 13% 9%
Compounded Sales Growth
10 Years: 17%
5 Years: 27%
3 Years: 17%
TTM: -4%
Compounded Profit Growth
10 Years: 16%
5 Years: 99%
3 Years: 14%
TTM: 5%
Stock Price CAGR
10 Years: 18%
5 Years: 43%
3 Years: 32%
1 Year: -43%
Return on Equity
10 Years: 12%
5 Years: 13%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 26 27 29 29 33 33 33 32 32 32 36 36 36
Reserves 297 384 443 441 727 840 844 858 1,062 1,293 2,584 2,974 3,022
504 720 863 936 823 881 955 1,209 1,604 1,267 977 1,656 2,183
185 275 300 406 430 395 347 581 738 1,040 1,266 1,200 945
Total Liabilities 1,013 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,863 5,866 6,186
234 524 939 1,016 1,068 1,106 1,167 1,233 1,466 1,685 2,065 2,447 2,400
CWIP 347 316 35 50 44 130 216 272 125 85 175 350 622
Investments 7 7 7 19 19 19 19 19 74 19 373 461 511
425 560 653 725 882 895 777 1,156 1,772 1,842 2,249 2,609 2,653
Total Assets 1,013 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,863 5,866 6,186

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
28 49 109 144 125 273 251 126 39 778 624 101
-292 -273 -172 -108 -110 -254 -225 -226 -353 -297 -1,016 -755
275 210 64 -37 -15 -17 -26 164 279 -471 514 502
Net Cash Flow 11 -14 1 -1 0 2 0 64 -36 10 122 -152

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 98 129 116 163 120 94 99 159 140 88 80 95
Inventory Days 252 169 209 227 153 131 258 245 242 220 198 214
Days Payable 164 129 137 274 148 104 149 244 203 193 195 190
Cash Conversion Cycle 186 169 188 116 125 121 208 160 179 115 83 118
Working Capital Days 15 -5 -6 -71 14 20 -4 5 48 40 54 20
ROCE % 5% 10% 10% 7% 14% 16% 5% 6% 15% 18% 17% 7%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
46.27% 46.27% 46.27% 47.41% 43.15% 43.17% 43.17% 43.17% 43.16% 43.12% 43.12% 43.12%
14.00% 14.80% 16.34% 18.13% 23.59% 24.54% 23.76% 24.26% 24.04% 24.48% 24.45% 22.71%
4.71% 4.76% 4.20% 3.74% 3.62% 3.69% 4.27% 5.12% 5.41% 6.00% 3.60% 3.50%
34.88% 34.02% 33.05% 30.62% 29.58% 28.53% 28.72% 27.43% 27.37% 26.27% 28.70% 30.55%
0.15% 0.15% 0.13% 0.10% 0.08% 0.08% 0.08% 0.01% 0.02% 0.13% 0.13% 0.12%
No. of Shareholders 58,68260,13766,24283,35885,63783,39696,22389,58595,35798,1421,13,6701,20,495

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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