Ramkrishna Forgings is currently trading at Rs. 947.30, up by 8.95 points or 0.95% from its previous closing of Rs. 938.35 on the BSE.
The scrip opened at Rs. 952.00 and has touched a high and low of Rs. 952.45 and Rs. 942.00 respectively. So far 4831 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1259.60 on 11-Oct-2021 and a 52 week low of Rs. 484.85 on 18-Mar-2021.
Last one week high and low of the scrip stood at Rs. 966.05 and Rs. 925.45 respectively. The current market cap of the company is Rs. 3033.84 crore.
The promoters holding in the company stood at 46.04%, while Institutions and Non-Institutions held 21.43% and 32.52% respectively.
Ramkrishna Forgings has won an export order worth Rs 11.2 crore per year for its Precision Forging Plant from a reputable Asian Truck Brand that is part of a global major company.
With this order, the company is expanding its international presence. This order allows it to strengthen its relationship with the global OEM while also establishing a strong presence in the Asian market. This order was placed with its Precision Forging Plant (Warm Forging Plant), and the product would be delivered to one of Asia’s most reputable Truck Brands, a part of a global major corporation.
In the first phase, this order would generate Rs 11.2 crore in revenue per year, with orders for an additional Rs 15 crore per year being discussed. This approval will significantly increase capacity utilisation and revenue growth at this new plant in the coming years. The company is very focused on expanding its international business by entering newer geographies as part of its strategy of de-risking, and this order win reinforces its confidence.
Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.
