Ramkrishna Forgings Ltd Stock Analysis

BSE: 532527 | NSE: RKFORGE | Forgings | Small Cap

BSE Share Price 25-Nov-2022 18:01
220.65 1.30 (0.59%)

DeciZen - Make an Informed Decision on Ramkrishna Forgings

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Ramkrishna Forgings Price Chart

P/E Ratio (CD) :
14.20
Market Cap :
3,529.9 Cr.
52-wk low :
145.5
52-wk high :
244.4
Bole Toh?

1. Is Ramkrishna Forgings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ramkrishna Forgings Ltd is a below average quality company.

2. Is Ramkrishna Forgings Ltd undervalued or overvalued?

The key valuation ratios of Ramkrishna Forgings Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Ramkrishna Forgings Ltd a good buy now?

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

10 Year X-Ray of Ramkrishna Forgings:

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.
Ramkrishna Forgings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.6%3.5%9.5%7.6%4.5%9.7%10.5%3.8%3.8%11.1%-
Value Creation Index -0.6-0.8-0.3-0.5-0.7-0.3-0.3-0.7-0.7-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4215609071,0889211,4911,9311,2161,2892,3202,844
YoY Gr. Rt. %-33%61.8%19.9%-15.4%61.9%29.5%-37%6%80%-
Adj EPS 0.80.65.23.90.55.87.30.81.212.415.5
YoY Gr. Rt. %--30.1%801.7%-24.7%-86.3%979.6%25.7%-88.8%50%907.3%-
BVPS (₹) 22.524.129.432.732.446.253.153.354.86774.2
Adj Net Profit 8.87.671.956.47.895.111913.319.7198248
Cash Flow from Ops. -66.819.843.710414412726725414043.1-
Debt/CF from Ops. -3.925.916.88.56.76.73.43.98.837-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 20.9%20.3%6.3%80%
Adj EPS 35%87.1%19.1%907.3%
BVPS 12.915.6822.2
Share Price 24.7% 7.5% 48.2% 17.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.52.619.612.81.715.514.71.52.220.222
Op. Profit Mgn % 15.110.414.716.917.619.42017.617.422.321.6
Net Profit Mgn % 1.91.47.95.20.86.46.21.11.58.58.7
Debt to Equity 1.11.61.81.92.11.11.11.11.41.50.6
Working Cap Days 0233195205273211184274277232193
Cash Conv. Cycle 0101859911911812618618514934

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 22.00%

Net Profit is growing at healthy rate in last 3 years 19.12%

Sales growth is good in last 4 quarters at 49.37%

Sales growth has been subdued in last 3 years 6.31%

Debt to equity has increased versus last 3 years average to 1.49

Latest Financials - Ramkrishna Forgings Ltd.

Standalone Consolidated
TTM EPS (₹) 15.2 15.5
TTM Sales (₹ Cr.) 2,703 2,844
BVPS (₹.) 74.7 74.2
Reserves (₹ Cr.) 1,162 1,154
P/BV 2.96 2.97
PE 14.53 14.20
From the Market
52 Week Low / High (₹) 145.50 / 244.40
All Time Low / High (₹) 4.26 / 251.92
Market Cap (₹ Cr.) 3,530
Equity (₹ Cr.) 32
Face Value (₹) 2
Industry PE 29.6

Management X-Ray of Ramkrishna Forgings :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.8534.3232.275.915.904.534.536.206.096.08
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Ramkrishna Forgings

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

News

Ramkrishna Forgings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Ramkrishna Forgings on 25-Nov-2022 18:01 is : 220.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 25-Nov-2022 18:01 the market cap of Ramkrishna Forgings stood at ₹ 3,529.9.
The latest PE ratio of Ramkrishna Forgings as of 25-Nov-2022 18:01 is 14.53.
The latest PB ratio of Ramkrishna Forgings as of 25-Nov-2022 18:01 is 2.96
The 52-week high of Ramkrishna Forgings is ₹ 244.4 and the 52-week low is ₹ 145.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Ramkrishna Forgings is ₹ 2,703 ( Cr.) .

About Ramkrishna Forgings Ltd

Ramkrishna Forgings Limited was founded on November 11, 1981.On a bed of integrity, fuelled by burning ambition, years of staying true to their principles and tireless endeavour has produced rich results. It became a limited company on May 25, 1995. And today its is an organisation manned by qualified people, with state-of-the-art manufacturing facilities and international levels of quality control.

The company is in the approved panel of R.D.S.O. for 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. It is also in the approved panel of Hindustan Motors Ltd., TELCO Ltd., BEML Ltd., and many other engineering units. The company is an ISO 9002 approved unit accredited by BVQI since 15th August 2000 for manufacture & supply of open & closed plain carbon and low alloy steel forgings in the as- Forged, Heat Treated and Machined condition for Railways, Automobile and General Engineering Purposes.

Apart from standard products, the company undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. Whatever be the requirement customer knows that Ramkrishna Forgings will deliver the specified quality and within specified time to its satisfaction.

The company also exports its products to Germany, USA, Mexico, Brazil, Bangladesh, Sri Lanka and Japan.

Product range of the company include:

  • AS Forged & Heat Treated Items
  • Machined Items

Apart from standard products, the company undertakes turnkey development of forgings and stampings from raw samples. It also designs and develops special dies for customers. Whatever be the requirement customer knows that Ramkrishna Forgings will deliver the specified quality and within specified time to its satisfaction.

Different divisions of the company are:

  • Raw material & cutting section
  • Die making
  • Raw material heating
  • Open Die/ Close Die
  • Upset forging
  • Ring Rolling
  • Heat treatment
  • Shot blasting
  • Machining
  • Cad Cam Facility

Achievements/ recognition:

  • ISO 9001 (2000) By BVQI
  • ISO/TS 16949 (Plant I)
  • ISO/TS 16949 (Plant III & IV)

Future plans:

  • Projects under commissioning- Gear Cutting Facilities & Horizontal Machining Centre - Different Types of Gears & machining of assembly for automobile Industry.
  • Expansion Programme- Ring Rolling Line - It is a fully automated robotic line imported from SMS Eumuco, Germany, which will help the company to increase its production capacity considerably. The company will able to manufacture crown wheels & the bearing races through this route economically & with high productivity and will also help the company to increase its export market.
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