Rajkumar Forge Ltd Stock Analysis

BSE: 513369 | NSE: | Forgings | Small Cap

BSE Share Price Aug 05, 18:03
47.00 -0.50 (-1.05%)

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Rajkumar Forge Price Chart

P/E Ratio (SA) :
13.69
Market Cap :
51.4 Cr.
52-wk low :
37.6
52-wk high :
65
Bole Toh?

1. Is Rajkumar Forge Ltd a good quality company?

Data is not available for this company.

2. Is Rajkumar Forge Ltd undervalued or overvalued?

The key valuation ratios of Rajkumar Forge Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is Rajkumar Forge Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rajkumar Forge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Rajkumar Forge:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 14.6%5.1%-0.7%-1.8%-11.7%4.3%14.5%17.3%13.2%12.2%-
Value Creation Index 0.0-0.6-1.1-1.1-1.8-0.70.00.2-0.1NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 39.933.126.712.56.229.255.150.940.467.267
YoY Gr. Rt. %--16.9%-19.6%-53.2%-50.3%370.5%88.9%-7.7%-20.5%66.2%-
Adj EPS 4.10.9-0.4-1.2-3.40.42.74.23.33.43.4
YoY Gr. Rt. %--78.6%-140.9%NANANA661.1%52.2%-21.6%4.9%-
BVPS (₹) 21.521.622.421.41818.420.224.427.330.730.7
Adj Net Profit 4.51-0.4-1.3-3.70.434.63.63.84
Cash Flow from Ops. -0.5129.7-0.54.20.14.23.95.6-4.7-
Debt/CF from Ops. -26.31.31-12.9146.91.11.2-0.1-1.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6%61.1%6.9%66.2%
Adj EPS -2%NA7.8%4.9%
BVPS 4.111.214.912.5
Share Price 11.2% -0.3% 13% -23.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 20.84.1-1.6-5.4-17.2214.218.712.711.811.2
Op. Profit Mgn % 11.79.95.6-1.8-38.69.313.314.615.89.810.9
Net Profit Mgn % 11.32.9-1.5-10.3-60.11.45.498.95.65.6
Debt to Equity 0.60.70.40.30.20.30.20.2-00.20
Working Cap Days 321328288446603137119161215159131
Cash Conv. Cycle 155140107187320654967969069

Recent Performance Summary

Sales growth is good in last 4 quarters at 70.91%

Return on Equity has declined versus last 3 years average to 11.20%

Sales growth has been subdued in last 3 years 6.85%

Net Profit has been subdued in last 3 years 7.77%

Latest Financials - Rajkumar Forge Ltd.

Standalone Consolidated
TTM EPS (₹) 3.4 -
TTM Sales (₹ Cr.) 67.2 -
BVPS (₹.) 30.7 -
Reserves (₹ Cr.) 23 -
P/BV 1.53 -
PE 13.69 -
From the Market
52 Week Low / High (₹) 37.55 / 65.00
All Time Low / High (₹) 0.90 / 75.55
Market Cap (₹ Cr.) 51.4
Equity (₹ Cr.) 10.9
Face Value (₹) 10
Industry PE 26.9

Management X-Ray of Rajkumar Forge :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of Rajkumar Forge

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Rajkumar Forge Ltd

Rajkumar Forge is one of the leading manufacturer and exporter of Medium and Heavy Open Die Forgings from India. Promoted by technocrats who have shaped the forging industry in the country over the last four decades and well supported by a skilled and qualified team of Engineers, Rajkumar Forge strives continuously to meet the ongoing needs of its global and domestic partners by providing value for money. Rajkumar Forge produces goods to International level at optimal costs.

Rajkumar Forge has created a state-of-the-art forging facility comparable with the best in the world. A carefully selected Brand New 1600 Ton Integrated forging complex ensures maximum cost effectiveness and consistent quality. Their Quality Commitment with a through understanding of Metallurgy and Manufacturing Methods & their Customer’s requirement ensure Total Customer Satisfaction.

Rajkumar Forge manufactures critical forgings and specialized components for the Oil, Gas, Power, Iron, Steel, Sugar, Cement, Chemical, Fertilizers, General Engineering & other Allied Industries in the CORE SECTOR.

Rajkumar Forge is one of the leading Exporter of Critical forgings and has a good presence in the South East Asian Markets. The Management is consciously committed to increase its Global presence and Customer base both geographically and in product portfolio. All developments and improvements are centered over this philosophy.

Products manufactured by the company includes:

Forgings are supplied to the following industries and in following material grades:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Die Steel
  • Hot & Cold Working Tool Steel

Sugar - Mill Roller Shafts, Gear Shafts, Tail Bars, Gear Rings and Blanks. 

Steel -  Table Rolls, Pinions, Spindles, Rolls for Slab & Continuous Caster, Blooming Mill & Hot Rolling Mill Rolls, Elongator Rolls, Wobblers and Gearing Components. 

Cement - Kiln and Mill Rollers, Pinions and Pinion Shafts, Axles, Tie Rods and Location Bearings. Gear - Gear Blanks & Gear Rings.

Power - Rotor Shafts for Compressors, Alternators, Generators, Turbines (Hydro, Wind and Steam), Rotor Discs, Tube Sheets, Nozzles, Girth & Blind Flanges, Casings & Trunions, Vertical & Ball Mill Drive Shafts, Fan and Pump Shafts. 

Chemical & Fertilizers - Fluid Ends, Manifolds and Tube Sheets, Flanges. 

Oil Field Application - Round Bars and Square Bars, Casing Heads, Cross Forgings, Tubing Spool, Y Forgings, Body Blocks Forgings for SSSB and SSBT Valves, Shaped, Forging for Hangers, Body Housing, Slip Lock Housing etc. 

Others - Piston Roads, Eccentric Shafts, Tie Rods, Ram, Sow Blocks, Bolster Plates for Hammers & Presses, Die Blocks for Plastic Molding and Forging Industries, Tool for forming and extrusions.      

Achievements/ recognition:

  • The company is ISO 9001-2000 certified
  • ISO 14001 for Environmental Management Systems.
  • OHSAS 18001 for Occupational Health and Safety Management System.
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