Ramkrishna Forgings Ltd

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

Ramkrishna Forgings Ltd

₹ 623 0.65%
06 May - 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 ₹ 11,326 Cr.
  • Current Price ₹ 623
  • High / Low ₹ 692 / 460
  • Stock P/E 121
  • Book Value ₹ 180
  • Dividend Yield 0.32 %
  • ROCE 6.19 %
  • ROE 2.98 %
  • Face Value ₹ 2.00
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Pros

  • Company's working capital requirements have reduced from 32.9 days to 24.7 days

Cons

  • Stock is trading at 3.46 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.50% over last 3 years.
  • Dividend payout has been low at 14.4% of profits over last 3 years

* 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 Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
835 836 865 903 896 886 971 968 810 937 801 940 1,078
647 648 667 695 724 739 827 859 720 802 693 801 893
Operating Profit 188 188 198 208 172 147 144 108 89 135 108 139 185
OPM % 23% 22% 23% 23% 19% 17% 15% 11% 11% 14% 13% 15% 17%
2 5 3 2 14 6 103 3 10 4 8 -6 3
Interest 32 34 37 36 30 32 34 37 43 41 45 42 47
Depreciation 56 57 59 63 66 56 54 56 74 68 70 72 72
Profit before tax 102 101 105 110 90 65 159 17 -18 29 0 18 69
Tax % 35% 24% 25% 25% 36% 35% 14% 12% -1,277% 27% 24% 28% 25%
67 77 80 82 58 43 136 15 208 22 0 13 52
EPS in Rs 4.18 4.81 4.84 4.55 3.20 2.35 7.53 0.84 11.48 1.19 0.02 0.72 2.84
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
743 894 881 1,435 1,807 1,112 1,288 2,285 3,001 3,499 3,634 3,755
615 717 722 1,150 1,426 907 1,057 1,758 2,332 2,755 3,143 3,188
Operating Profit 127 178 159 285 380 205 231 528 669 745 491 566
OPM % 17% 20% 18% 20% 21% 18% 18% 23% 22% 21% 14% 15%
13 3 8 4 3 6 4 2 4 23 121 9
Interest 31 53 76 70 80 76 77 94 116 138 148 176
Depreciation 31 53 75 84 121 120 116 169 201 245 241 283
Profit before tax 78 75 16 134 182 14 41 266 356 385 224 117
Tax % 5% 27% 33% 29% 35% 33% 33% 22% 34% 29% -80% 26%
75 55 11 95 119 10 28 206 236 274 402 87
EPS in Rs 5.44 3.83 0.76 5.81 7.31 0.59 1.75 12.89 14.73 15.16 22.20 4.76
Dividend Payout % 7% 10% 26% 3% 4% 0% 0% 13% 14% 13% 9% 21%
Compounded Sales Growth
10 Years: 15%
5 Years: 24%
3 Years: 8%
TTM: 3%
Compounded Profit Growth
10 Years: 5%
5 Years: 27%
3 Years: -26%
TTM: -69%
Stock Price CAGR
10 Years: 23%
5 Years: 40%
3 Years: 22%
1 Year: 5%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 9%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 27 29 29 33 33 33 32 32 32 36 36 36
Reserves 384 443 441 727 840 844 858 1,062 1,293 2,584 2,974 3,238
720 863 936 823 881 955 1,209 1,604 1,267 977 1,656 1,828
275 300 406 430 395 347 581 738 1,040 1,266 1,200 1,275
Total Liabilities 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,863 5,866 6,378
524 939 1,016 1,068 1,106 1,167 1,233 1,466 1,685 2,065 2,447 2,973
CWIP 316 35 50 44 130 216 272 125 85 175 350 188
Investments 7 7 19 19 19 19 19 74 19 373 461 562
560 653 725 882 895 777 1,156 1,772 1,842 2,249 2,609 2,655
Total Assets 1,406 1,634 1,812 2,012 2,150 2,179 2,680 3,437 3,632 4,863 5,866 6,378

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
49 109 144 125 273 251 126 39 778 624 101 678
-273 -172 -108 -110 -254 -225 -226 -353 -297 -1,016 -755 -702
210 64 -37 -15 -17 -26 164 279 -471 514 502 141
Net Cash Flow -14 1 -1 0 2 0 64 -36 10 122 -152 117
Free Cash Flow -242 -62 35 13 18 27 -103 -259 425 72 -635 89
CFO/OP 50% 70% 94% 52% 83% 126% 57% 16% 126% 101% 46% 121%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 129 116 163 120 94 99 159 140 88 80 95 84
Inventory Days 169 209 227 153 131 258 245 242 220 198 214 199
Days Payable 129 137 274 148 104 149 244 203 193 195 190 189
Cash Conversion Cycle 169 188 116 125 121 208 160 179 115 83 118 94
Working Capital Days -5 -6 -71 14 20 -4 5 48 40 54 20 25
ROCE % 10% 10% 7% 14% 16% 5% 6% 15% 18% 17% 7% 6%

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
Total Production Volume
Tons

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Export Share of Revenue
%
Forgings and Machining Facility Production
Tons
Press Facility Production
Tons
Ring Rolling Line Production
Tons
Press Facility Capacity Utilization
%

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Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.27% 47.41% 43.15% 43.17% 43.17% 43.17% 43.16% 43.12% 43.12% 43.12% 43.12% 43.33%
16.34% 18.13% 23.59% 24.54% 23.76% 24.26% 24.04% 24.48% 24.45% 22.71% 21.05% 21.75%
4.20% 3.74% 3.62% 3.69% 4.27% 5.12% 5.41% 6.00% 3.60% 3.50% 4.03% 4.45%
33.05% 30.62% 29.58% 28.53% 28.72% 27.43% 27.37% 26.27% 28.70% 30.55% 31.69% 30.37%
0.13% 0.10% 0.08% 0.08% 0.08% 0.01% 0.02% 0.13% 0.13% 0.12% 0.12% 0.12%
No. of Shareholders 66,24283,35885,63783,39696,22389,58595,35798,1421,13,6701,20,4951,19,6471,09,027

* 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.

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Documents

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