Ramkrishna Forgings Ltd

Ramkrishna Forgings manufactures Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

  • Market Cap: 916.87 Cr.
  • Current Price: 284.30
  • 52 weeks High / Low 415.80 / 133.45
  • Book Value: 271.63
  • Stock P/E:
  • Dividend Yield: 0.53 %
  • ROCE: 5.20 %
  • ROE: 1.14 %
  • Sales Growth (3Yrs): 9.73 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 1.05 times its book value
Cons:
Company has low interest coverage ratio.
The company has delivered a poor growth of 10.04% over past five years.
Company has a low return on equity of 9.78% for last 3 years.
Promoters have pledged 26.85% of their holding.
Dividend payout has been low at 2.50% of profits over last 3 years
Promoter holding has decreased over last 3 years: -4.73%

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
423 487 541 479 401 294 286 240 114
336 388 434 389 327 245 236 204 118
Operating Profit 87 99 107 90 74 49 49 36 -5
OPM % 21% 20% 20% 19% 18% 17% 17% 15% -4%
Other Income 1 0 1 1 0 1 1 4 1
Interest 18 21 22 21 21 19 19 20 19
Depreciation 27 28 33 33 33 28 29 30 22
Profit before tax 43 50 54 37 21 2 3 -10 -45
Tax % 35% 34% 36% 32% 33% 37% 10% 26% 35%
Net Profit 28 33 34 25 14 1 2 -8 -29
EPS in Rs 8.55 10.13 10.52 10.52 4.23 0.37 0.70 -2.32 -9.11
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
405 434 754 908 921 1,491 1,931 1,216 932
341 374 623 727 758 1,202 1,545 1,008 803
Operating Profit 64 60 131 181 163 289 386 209 129
OPM % 16% 14% 17% 20% 18% 19% 20% 17% 14%
Other Income 4 1 12 2 7 4 3 6 7
Interest 29 23 32 55 78 73 84 80 77
Depreciation 23 25 32 53 75 85 121 121 110
Profit before tax 16 13 79 75 17 135 184 15 -51
Tax % 50% 35% 5% 27% 33% 30% 35% 34%
Net Profit 9 8 75 55 11 95 120 10 -34
EPS in Rs 3.96 3.07 27.05 18.60 3.91 29.13 36.84 2.97 -10.36
Dividend Payout % 24% 31% 7% 11% 26% 3% 4% 0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:10.04%
3 Years:9.73%
TTM:-51.14%
Compounded Profit Growth
10 Years:%
5 Years:-32.27%
3 Years:-4.46%
TTM:-131.66%
Stock Price CAGR
10 Years:5.11%
5 Years:-14.30%
3 Years:-19.57%
1 Year:-6.36%
Return on Equity
10 Years:%
5 Years:9.07%
3 Years:9.78%
Last Year:1.14%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Corp Actions
Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
21 26 27 29 29 33 33 33
Reserves 218 289 377 442 440 726 840 843
Borrowings 263 511 735 882 957 845 912 993
130 204 303 332 433 452 417 361
Total Liabilities 632 1,031 1,442 1,685 1,858 2,056 2,201 2,230
249 242 532 947 1,024 1,076 1,114 1,175
CWIP 40 347 316 35 50 44 130 219
Investments 0 0 0 0 0 0 0 0
343 441 594 702 783 936 957 836
Total Assets 632 1,031 1,442 1,685 1,858 2,056 2,201 2,230

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-67 20 44 104 144 127 267 254
-53 -287 -272 -169 -107 -110 -254 -231
121 279 214 67 -37 -17 -12 -22
Net Cash Flow 1 11 -14 1 -1 0 1 1

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 11% 10% 7% 14% 16% 5%
Debtor Days 79 114 145 136 176 126 96 103
Inventory Turnover 1.77 2.61 2.33 2.03 3.16 3.39 1.74

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
44.35 44.36 44.38 44.41 44.78 44.77 44.79 44.28 44.80 44.80 44.91 45.48
15.99 17.39 17.74 17.94 18.09 11.00 11.30 11.72 11.91 10.50 12.50 9.70
18.05 17.52 17.51 17.35 17.82 16.38 19.00 18.73 16.45 14.96 13.06 14.42
21.61 20.73 20.37 20.30 19.31 27.68 24.76 25.27 26.55 29.41 29.08 29.95
0.00 0.00 0.00 0.00 0.00 0.17 0.14 0.00 0.28 0.33 0.45 0.45