Ramkrishna Forgings Ltd up by 6.14 percent | Espresso


Espresso Shot of the Day - Ramkrishna Forgings Ltd up by 6.14 percent

October 14, 2022
Espresso Shot of the Day - Ramkrishna Forgings Ltd up by 6.14 percent

RAMKRISHNA FORGINGS LTD 223.75  (+6.14%) BSE – INE154U01015| 14th October 2022


Ramkrishna Forgings Limited was founded on November 12,1981 on a bed of integrity, fueled by burning ambition. Years of staying true to their principles and through tireless endeavour, the company has produced rich results. The company became a limited company on May 25, 1995 and today they are an organization manned by qualified and highly skilled people with state-of-the-art manufacturing facilities and international levels of quality control.The company is a supplier to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets. They are also a critical safety item supplier for Screw Coupling, Bolster suspension, Side frame keys and Draw Gear Assembly for Railway Coaches and wagon. They are a preferred supplier to OEM's like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, Ford in the overseas markets. They supply globally to Tier 1 axle manufacturers like Dana, Sisamex, Meritor and American Axles.

Recent Drivers

  • Ramkrishna Forgings said on October 10,2022 that it has secured an order worth Rs. 131.5 crores for its application in North America HCVs from a tier 1 rear & front axle manufacturer customer in the auto segment.
  • Ramkrishna Forgings on September 12,2022 said that its board has approved to raise funds of Rs. 94.3 crores through a preferential issue of 46 lakh warrants convertible into equivalent equity share of Rs. 2 each at Rs. 205 per warrant to promoters and non-promoters.
  • The company has bagged an export order for the supply of metal bars in the non-auto segment worth Rs. 20.5 crores per annum on August 30,2022. This order demonstrates the international markets' acceptance of our product quality and technological capability.
  • On July 21,2022, the Board of Directors declared a 1st Interim Dividend of Re. 0.50 per Equity Share of Rs. 2 each for the Financial Year 2022-23. The record date for the same was July 29, 2022.
  • On July 21,2022, the company reported a quarterly net profit of Rs. 51.39 crores in June 2022, up 108.14% from Rs. 24.69 crore in June 2021.
  • On July 21,2022, the company reported a net sale of Rs. 699.33 crores in June 2022 up 67.66% from Rs. 417.11 crores in June 2021.

(Sources: BSE, Money control, Business Standard)                                                                                     

Technical Force*

  • S&P BSE Smallcap month till date gain by 0.25%.
  • 3 months avg. NSE volume: 304,001.
  • Quantity traded: 46,543 | Deliverable quantity: 19,283 (41.43 %).
  • Stock price jumped by more than 50 % from a one-year low level: 145.50 (June 21, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 245.24| 52-week-low: 145.50.

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Some Key Ratios (Source: BSE)

Market Cap:  3,577.53 Crores

PE:  15.61

OPM%: 22.18

ROE%:  20.94

Promoters holding%: 46.24

Prev. Close:  210.80


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.