Ramkrishna Forgings Ltd

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

Ramkrishna Forgings Ltd

₹ 674 1.53%
10 Jun - 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]

<h1>2nd Largest Forging Company in India</h1>
Website BSE NSE
  • Market Cap ₹ 12,203 Cr.
  • Current Price ₹ 674
  • High / Low ₹ 1,064 / 553
  • Stock P/E 36.8
  • Book Value ₹ 168
  • Dividend Yield 0.30 %
  • ROCE 6.93 %
  • ROE 11.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 102% CAGR over last 5 years
  • Company's median sales growth is 20.4% of last 10 years

Cons

  • Stock is trading at 4.02 times its book value
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Promoter holding has decreased over last 3 years: -3.11%

* 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 Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
719 699 824 777 892 892 899 996 974 959 1,054 1,074 947
571 549 649 604 698 700 699 776 786 756 821 948 849
Operating Profit 148 150 175 173 194 192 200 220 188 204 232 126 98
OPM % 21% 21% 21% 22% 22% 22% 22% 22% 19% 21% 22% 12% 10%
0 1 1 1 2 5 7 4 19 11 84 4 11
Interest 27 26 29 31 34 36 38 39 34 36 39 42 49
Depreciation 46 47 50 49 56 57 61 68 72 62 60 64 85
Profit before tax 75 77 98 94 106 104 109 117 100 115 218 24 -24
Tax % -12% 33% 31% 35% 36% 24% 24% 25% 34% 30% 13% 12% -945%
84 51 67 61 68 79 82 87 66 81 190 21 200
EPS in Rs 5.24 3.21 4.20 3.81 4.28 4.91 5.00 4.80 3.66 4.47 10.49 1.16 11.03
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
434 754 908 921 1,491 1,931 1,216 1,289 2,320 3,193 3,955 4,034
374 623 727 758 1,202 1,545 1,008 1,065 1,802 2,499 3,113 3,476
Operating Profit 60 131 181 163 289 386 209 224 518 694 842 558
OPM % 14% 17% 20% 18% 19% 20% 17% 17% 22% 22% 21% 14%
1 12 2 7 4 3 6 5 1 4 29 110
Interest 23 32 55 78 73 84 80 81 97 122 154 166
Depreciation 25 32 53 75 85 121 121 117 169 202 258 271
Profit before tax 13 79 75 17 135 184 15 32 253 374 459 231
Tax % 35% 5% 27% 33% 30% 35% 34% 35% 22% 34% 26% -80%
8 75 55 11 95 120 10 21 198 248 341 415
EPS in Rs 0.65 5.49 3.81 0.78 5.82 7.36 0.59 1.29 12.36 15.52 18.89 22.91
Dividend Payout % 31% 7% 11% 26% 3% 4% 0% 0% 14% 13% 11% 9%
Compounded Sales Growth
10 Years: 18%
5 Years: 27%
3 Years: 20%
TTM: 2%
Compounded Profit Growth
10 Years: 17%
5 Years: 102%
3 Years: 19%
TTM: -3%
Stock Price CAGR
10 Years: 21%
5 Years: 80%
3 Years: 61%
1 Year: -4%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 26 27 29 29 33 33 33 32 32 32 36 36
Reserves 296 383 442 440 726 840 843 851 1,046 1,290 2,648 3,001
511 735 882 957 845 912 993 1,233 1,618 1,333 1,207 2,126
197 297 332 433 452 417 361 587 785 1,076 1,422 1,393
Total Liabilities 1,031 1,442 1,685 1,858 2,056 2,201 2,230 2,703 3,481 3,731 5,312 6,557
242 532 947 1,024 1,076 1,114 1,175 1,240 1,473 1,693 2,428 2,992
CWIP 347 316 35 50 44 130 219 276 129 91 216 498
Investments 0 0 0 0 0 0 0 0 55 0 125 190
441 594 702 783 936 957 836 1,187 1,823 1,947 2,543 2,878
Total Assets 1,031 1,442 1,685 1,858 2,056 2,201 2,230 2,703 3,481 3,731 5,312 6,557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
20 44 104 144 127 267 254 140 43 745 621 33
-287 -272 -169 -107 -110 -254 -231 -222 -354 -299 -1,117 -912
279 214 67 -37 -17 -12 -22 147 280 -438 625 722
Net Cash Flow 11 -14 1 -1 0 1 1 65 -31 8 129 -157

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 114 145 136 176 126 96 103 161 140 89 78 88
Inventory Days 252 169 206 227 153 131 260 247 251 228 223 229
Days Payable 184 150 164 298 154 110 155 246 215 199 205 197
Cash Conversion Cycle 182 164 178 105 125 117 208 162 176 118 96 120
Working Capital Days 119 123 125 114 105 89 120 138 160 102 89 106
ROCE % 5% 11% 10% 7% 14% 16% 5% 6% 15% 19% 19% 7%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
46.24% 46.27% 46.27% 46.27% 46.27% 47.41% 43.15% 43.17% 43.17% 43.17% 43.16% 43.12%
13.56% 14.52% 14.00% 14.80% 16.34% 18.13% 23.59% 24.54% 23.76% 24.26% 24.04% 24.48%
4.93% 4.54% 4.71% 4.76% 4.20% 3.74% 3.62% 3.69% 4.27% 5.12% 5.41% 6.00%
35.11% 34.52% 34.88% 34.02% 33.05% 30.62% 29.58% 28.53% 28.72% 27.43% 27.37% 26.27%
0.17% 0.16% 0.15% 0.15% 0.13% 0.10% 0.08% 0.08% 0.08% 0.01% 0.02% 0.13%
No. of Shareholders 56,63861,90658,68260,13766,24283,35885,63783,39696,22389,58595,35798,142

* 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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