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Rajkumar Forge Ltd. Stock Analysis

Small Cap
Evaluated by 89 users | BSE: 513369 | NSE: |
Forgings
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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 6.98%14.98%14.61%5.05%-0.72%-1.83%-11.72%4.32%14.5%17.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3356.739.933.126.712.56.229.255.150.9
Y-o-Y Gr. Rt.-72.1%-29.7%-16.9%-19.6%-53.2%-50.3%370.5%88.9%-7.7%
Adjusted EPS (Rs.) 1.33.34.120.88-0.36-1.18-3.40.362.744.17
Y-o-Y Gr. Rt.-153.9%24.9%-78.6%-140.9%NANANA661.1%52.2%
Book Value per Share (Rs.) 16.8518.1921.4721.5622.4421.4218.0318.3720.2424.35
Adjusted Net Profit 1.43.64.51-0.4-1.3-3.70.434.6
Net Op. Cash Flow (Rs. Cr.) -8.210.7-0.5129.7-0.54.20.14.23.9
Debt to Cash Flow from Ops -2.241.29-26.281.291.04-12.890.9546.941.091.16
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rajkumar Forge Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.9%13.8%101.7%-7.7%
Adjusted EPS 13.8%NANA52.2%
Book Value per Share 4.21.710.520.3
Share Price 10.1% 2.7% -18.7% 14.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 7.9218.8420.764.1-1.63-5.37-17.241.9814.218.71
Operating Profit Margin (%) 13.3614.8211.79.95.64-1.76-38.629.3213.3214.64
Net Profit Margin (%) 4.316.3711.292.91-1.47-10.33-60.061.355.448.97
Debt to Equity 0.990.690.60.660.410.280.20.250.210.17
Working Capital Days 337223321328288446603137119161
Cash Conversion Cycle 167118155140107187320654967
Entity Percentage Holding
Promoters 72.45%
Non-Institutions 27.55%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Rajkumar Forge Ltd.'s performance infers:

Rajkumar Forge Ltd. earnings have grown by 0%, whereas share price has appreciated 2.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Rajkumar Forge Ltd. share prices over the last 10 years. Here is what we found out:

Rajkumar Forge Ltd. share price has appreciated 6.4% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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