View ValuationRamkrishna Forgings 향후 성장Future 기준 점검 3/6Ramkrishna Forgings (는) 각각 연간 68.1% 및 8.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 68.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.1% 로 예상됩니다.핵심 정보68.1%이익 성장률68.50%EPS 성장률Metals and Mining 이익 성장18.2%매출 성장률8.2%향후 자기자본이익률10.07%애널리스트 커버리지Low마지막 업데이트08 May 2026최근 향후 성장 업데이트Price Target Changed • Mar 16Price target decreased by 17% to ₹579Down from ₹696, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹559. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹4.40 for next year compared to ₹18.33 last year.Price Target Changed • May 08Price target decreased by 15% to ₹965Down from ₹1,131, the current price target is an average from 6 analysts. New target price is 66% above last closing price of ₹580. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹22.30 for next year compared to ₹20.27 last year.Price Target Changed • Oct 26Price target increased by 7.8% to ₹1,115Up from ₹1,034, the current price target is an average from 6 analysts. New target price is 23% above last closing price of ₹906. Stock is up 47% over the past year. The company posted earnings per share of ₹20.27 last year.Price Target Changed • Jul 26Price target increased by 8.3% to ₹925Up from ₹854, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of ₹841. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹25.10 for next year compared to ₹20.27 last year.Price Target Changed • Jul 08Price target increased by 12% to ₹860Up from ₹765, the current price target is an average from 6 analysts. New target price is 10% below last closing price of ₹958. Stock is up 118% over the past year. The company is forecast to post earnings per share of ₹25.43 for next year compared to ₹20.27 last year.Price Target Changed • Jan 19Price target increased by 9.1% to ₹725Up from ₹664, the current price target is an average from 7 analysts. New target price is 5.8% below last closing price of ₹770. Stock is up 189% over the past year. The company is forecast to post earnings per share of ₹20.26 for next year compared to ₹15.52 last year.모든 업데이트 보기Recent updatesReported Earnings • May 05Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹3.97 (down from ₹18.33 in FY 2025). Revenue: ₹42.4b (up 5.1% from FY 2025). Net income: ₹718.0m (down 78% from FY 2025). Profit margin: 1.7% (down from 8.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공시 • May 04Ramkrishna Forgings Limited, Annual General Meeting, Aug 29, 2026Ramkrishna Forgings Limited, Annual General Meeting, Aug 29, 2026, at 11:30 Indian Standard Time.공시 • May 02+ 1 more updateRamkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2025-26Ramkrishna Forgings Limited, at the board meeting held on 1 May 2026, declared first Interim Dividend of INR 1/- (Rupee One) per Equity Share of face value INR 2/- (Rupees Two) each for the Financial Year 2025-26. The said dividend will be paid within 30 (thirty) days from the date of declaration. The same is subject to TDS. Fixed 8 May, 2026 as the Record Date for the purpose of payment of 15 interim Dividend for the Financial Year 2025-26 to be paid to the eligible shareholders.공시 • Apr 22Ramkrishna Forgings Limited to Report Q4, 2026 Results on May 01, 2026Ramkrishna Forgings Limited announced that they will report Q4, 2026 results on May 01, 2026Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹464, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹342 per share.Price Target Changed • Mar 16Price target decreased by 17% to ₹579Down from ₹696, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹559. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹4.40 for next year compared to ₹18.33 last year.Reported Earnings • Jan 28Third quarter 2026 earnings released: EPS: ₹0.75 (vs ₹5.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.75 (down from ₹5.51 in 3Q 2025). Revenue: ₹11.0b (up 2.3% from 3Q 2025). Net income: ₹135.7m (down 86% from 3Q 2025). Profit margin: 1.2% (down from 9.3% in 3Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.공시 • Jan 20Ramkrishna Forgings Limited to Report Q3, 2026 Results on Jan 27, 2026Ramkrishna Forgings Limited announced that they will report Q3, 2026 results on Jan 27, 2026공시 • Jan 14Ramkrishna Forgings Limited announced that it has received INR 499.8 million in fundingOn January 14, 2026, Ramkrishna Forgings Limited closed the transaction.New Risk • Nov 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.7% Last year net profit margin: 8.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.7% net profit margin).Reported Earnings • Nov 13Second quarter 2026 earnings released: ₹0.53 loss per share (vs ₹5.99 profit in 2Q 2025)Second quarter 2026 results: ₹0.53 loss per share (down from ₹5.99 profit in 2Q 2025). Revenue: ₹9.13b (down 13% from 2Q 2025). Net loss: ₹95.0m (down 109% from profit in 2Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.공시 • Nov 08Ramkrishna Forgings Limited to Report Q2, 2026 Results on Nov 12, 2025Ramkrishna Forgings Limited announced that they will report Q2, 2026 results on Nov 12, 2025Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: ₹0.65 (vs ₹4.48 in 1Q 2025)First quarter 2026 results: EPS: ₹0.65 (down from ₹4.48 in 1Q 2025). Revenue: ₹10.2b (up 1.4% from 1Q 2025). Net income: ₹117.9m (down 85% from 1Q 2025). Profit margin: 1.2% (down from 8.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 26Ramkrishna Forgings Limited to Report Q1, 2026 Results on Aug 01, 2025Ramkrishna Forgings Limited announced that they will report Q1, 2026 results on Aug 01, 2025공시 • Jun 06Ramkrishna Forgings Limited announced that it expects to receive INR 511.875 million in funding from Riddhi Portfolio Private LimitedRamkrishna Forgings Limited announced a private placement to issue 975,000 convertible warrants at an issue price of INR 525 per warrant for gross proceeds of INR 511,875,000 on June 5, 2025. The transaction will include participation from returning investor RIDDHI PORTFOLIO PRIVATE LIMITED with 33.45% stake. The transaction has been approved by shareholders and is subject to general shareholders to be held on June 28, 2025. Post completion, the investor will hold 61532,039 shares with 33.81% stake.공시 • Jun 02+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Aug 30, 2025Ramkrishna Forgings Limited, Annual General Meeting, Aug 30, 2025, at 11:00 Indian Standard Time.Reported Earnings • Jun 02Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹18.33 (down from ₹20.27 in FY 2024). Revenue: ₹40.6b (up 2.7% from FY 2024). Net income: ₹3.32b (down 2.9% from FY 2024). Profit margin: 8.2% (down from 8.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 72%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Jun 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • May 27Ramkrishna Forgings Limited to Report Fiscal Year 2025 Results on May 30, 2025Ramkrishna Forgings Limited announced that they will report fiscal year 2025 results on May 30, 2025Buy Or Sell Opportunity • May 13Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to ₹578. The fair value is estimated to be ₹477, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Price Target Changed • May 08Price target decreased by 15% to ₹965Down from ₹1,131, the current price target is an average from 6 analysts. New target price is 66% above last closing price of ₹580. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹22.30 for next year compared to ₹20.27 last year.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₹844, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 418% over the past three years.Recent Insider Transactions • Feb 15Non-Executive Independent Director recently bought ₹33m worth of stockOn the 12th of February, Sanjay Kothari bought around 50k shares on-market at roughly ₹666 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹806, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 334% over the past three years.Reported Earnings • Jan 18Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ₹5.51 (up from ₹5.02 in 3Q 2024). Revenue: ₹10.8b (up 1.9% from 3Q 2024). Net income: ₹996.1m (up 15% from 3Q 2024). Profit margin: 9.2% (up from 8.2% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jan 17Ramkrishna Forgings Limited Announces Trustee Changes for Ramkrishna Forgings Limited Employee Welfare TrustRamkrishna Forgings Limited noted cessation of Mr. Milesh Gandhi, as a Trustee of Ramkrishna Forgings Limited Employee Welfare Trust in accordance with Clause 5.2.1 of Ramkrishna Forgings Limited Employee Welfare Trust Deed with effect from 16 January, 2025; noted appointment of Mr. Bal Krishan Khaitan, as a Trustee of Ramkrishna Forgings Limited Employee Welfare Trust in accordance with Clause 5.1.1 read with Clause 5.2.3 of the Ramkrishna Forgings Limited Employee Welfare Trust Deed with effect from 16 January, 2025 has approved by Nomination and Remuneration Committee of the Company at its meeting held on 16 January, 2025.공시 • Jan 08Ramkrishna Forgings Limited to Report Q3, 2025 Results on Jan 17, 2025Ramkrishna Forgings Limited announced that they will report Q3, 2025 results on Jan 17, 2025Declared Dividend • Oct 27First half dividend of ₹1.00 announcedDividend of ₹1.00 is the same as last year. Ex-date: 31st October 2024 Payment date: 23rd November 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Price Target Changed • Oct 26Price target increased by 7.8% to ₹1,115Up from ₹1,034, the current price target is an average from 6 analysts. New target price is 23% above last closing price of ₹906. Stock is up 47% over the past year. The company posted earnings per share of ₹20.27 last year.Reported Earnings • Oct 26Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₹11.25 (up from ₹5.14 in 2Q 2024). Revenue: ₹10.5b (up 7.3% from 2Q 2024). Net income: ₹2.03b (up 147% from 2Q 2024). Profit margin: 19% (up from 8.4% in 2Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 24Ramkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2024-25Ramkrishna Forgings Limited announced at the board meeting held on October 24, 2024, approved first interim dividend of INR 1/- (Rupee One) per Equity Share of face value INR 2/-for the financial year 2024-25. Fixed 2 November, 2024 as the Record Date for the purpose of payment of 1st Interim Dividend for the Financial Year 2024-25 to be paid to the eligible shareholders.공시 • Oct 18Ramkrishna Forgings Limited to Report Q2, 2025 Results on Oct 24, 2024Ramkrishna Forgings Limited announced that they will report Q2, 2025 results on Oct 24, 2024공시 • Sep 12Yatra Online Limited (NSEI:YATRA) completed the acquisition of Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion.Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion on September 2, 2024. A cash consideration of INR 1.28 billion will be paid by Yatra Online Limited, after net debt and working capital adjustments. The Acquisition is expected to close within three months from the date of execution of the SPA, subject to certain closing actions and satisfaction of the conditions precedent as specified in the SPA. As of March 31, 2024, Globe All India Services Limited had a revenue of INR 2.5 billion. With annual gross bookings of USD 90 million and Adjusted EBITDA margins of over 20%, this acquisition is expected to be immediately accretive to Yatra’s financials, with further potential for margin expansion as synergies are realized. Given that the majority of Globe Travel’s business is currently offline, this acquisition presents a strategic opportunity to integrate Yatra’s Corporate Self Booking Platform in to Globe Travel’s customer base, thereby enhancing synergies and driving further value creation. Moreover, Globe Travel’s corporate clients are expected to benefit from increased efficiencies and reduced costs through Yatra’s digital platform. Khaitan & Co. acted as legal advisor to Ramkrishna Forgings Limited (NSEI:RKFORGE) Yatra Online Limited (NSEI:YATRA) completed the acquisition of Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) on September 11, 2024.공시 • Sep 04Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion.Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion on September 2, 2024. A cash consideration of INR 1.28 billion will be paid by Yatra Online Limited, after net debt and working capital adjustments. The Acquisition is expected to close within three months from the date of execution of the SPA, subject to certain closing actions and satisfaction of the conditions precedent as specified in the SPA. As of March 31, 2024, Globe All India Services Limited had a revenue of INR 2.5 billion. With annual gross bookings of USD 90 million and Adjusted EBITDA margins of over 20%, this acquisition is expected to be immediately accretive to Yatra’s financials, with further potential for margin expansion as synergies are realized. Given that the majority of Globe Travel’s business is currently offline, this acquisition presents a strategic opportunity to integrate Yatra’s Corporate Self Booking Platform in to Globe Travel’s customer base, thereby enhancing synergies and driving further value creation. Moreover, Globe Travel’s corporate clients are expected to benefit from increased efficiencies and reduced costs through Yatra’s digital platform.공시 • Aug 13Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. completed the acquisition of Resortes Libertad S.A. De C.V. for MXN 8.2 million.Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. agreed to acquire Resortes Libertad S.A. De C.V. for MXN 8.4 million on July 24, 2024. As part of the transaction, Ramkrishna and Multitech will acquire 49999 shares and 1 share respectively, which is equivalent to 100% stake in Resortes Libertad. The consideration is subject to necessary adjustments. For the period ending December 31, 2023, Resortes Libertad S.A. De C.V. reported total revenue of MXN 2 million. On completion, Resortes Libertad S.A. De C.V will change its name to Ramkrishna Forgings Mexico S.A. DE. C.V. The transaction is not subject to any approvals and it was approved by the Board of Directors of Ramkrishna Forgings Limited (NSEI:RKFORGE). The transaction is expected to close within September 30, 2024. S.R. Batliboi & Co. LLP and SK Naredi & Co acted as accountant to Ramkrishna Forgings. Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. completed the acquisition of Resortes Libertad S.A. De C.V. for MXN 8.2 million on August 13, 2024.Price Target Changed • Jul 26Price target increased by 8.3% to ₹925Up from ₹854, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of ₹841. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹25.10 for next year compared to ₹20.27 last year.Reported Earnings • Jul 25First quarter 2025 earnings released: EPS: ₹4.48 (vs ₹4.91 in 1Q 2024)First quarter 2025 results: EPS: ₹4.48. Revenue: ₹10.1b (up 13% from 1Q 2024). Net income: ₹809.0m (up 3.0% from 1Q 2024). Profit margin: 8.0% (down from 8.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India.공시 • Jul 24+ 1 more updateRamkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Resortes Libertad S.A. De C.V. for MXN 83.8 million.Ramkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Resortes Libertad S.A. De C.V. for MXN 83.8 million on July 24, 2024. The consideration is subject to necessary adjustments. For the period ending December 31, 2023, Resortes Libertad S.A. De C.V. reported total revenue of MXN 2 million. The name of the existing Mexican Company is proposed to be change from Resortes Libertad S.A. DE. C.V. to Ramkrishna Forgings Mexico S.A. DE. C.V. The transaction was approved by the Board of Directors of Ramkrishna Forgings Limited (NSEI:RKFORGE). The transaction is expected to close within September 30, 2024.공시 • Jul 16Ramkrishna Forgings Limited to Report Q1, 2025 Results on Jul 24, 2024Ramkrishna Forgings Limited announced that they will report Q1, 2025 results on Jul 24, 2024Price Target Changed • Jul 08Price target increased by 12% to ₹860Up from ₹765, the current price target is an average from 6 analysts. New target price is 10% below last closing price of ₹958. Stock is up 118% over the past year. The company is forecast to post earnings per share of ₹25.43 for next year compared to ₹20.27 last year.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹872, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 614% over the past three years.Declared Dividend • May 04Final dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 10th May 2024 Payment date: 1st June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • May 03+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Aug 31, 2024Ramkrishna Forgings Limited, Annual General Meeting, Aug 31, 2024, at 11:30 Indian Standard Time.Reported Earnings • May 02Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹20.27 (up from ₹15.52 in FY 2023). Revenue: ₹39.8b (up 25% from FY 2023). Net income: ₹3.41b (up 38% from FY 2023). Profit margin: 8.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 26Ramkrishna Forgings Limited to Report Q4, 2024 Results on May 02, 2024Ramkrishna Forgings Limited announced that they will report Q4, 2024 results on May 02, 2024Price Target Changed • Jan 19Price target increased by 9.1% to ₹725Up from ₹664, the current price target is an average from 7 analysts. New target price is 5.8% below last closing price of ₹770. Stock is up 189% over the past year. The company is forecast to post earnings per share of ₹20.26 for next year compared to ₹15.52 last year.Reported Earnings • Jan 19Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2024 results: EPS: ₹5.02 (up from ₹3.82 in 3Q 2023). Revenue: ₹10.6b (up 36% from 3Q 2023). Net income: ₹868.6m (up 42% from 3Q 2023). Profit margin: 8.2% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.Recent Insider Transactions • Dec 30MD & Executive Director recently bought ₹4.2m worth of stockOn the 26th of December, Naresh Jalan bought around 6k shares on-market at roughly ₹725 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Naresh's only on-market trade for the last 12 months.New Risk • Nov 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (95% net debt to equity). Shareholders have been diluted in the past year (13% increase in shares outstanding).공시 • Nov 09Ramkrishna Forgings Limited has filed a Follow-on Equity Offering.Ramkrishna Forgings Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Rule 144A; Subsequent Direct ListingPrice Target Changed • Oct 29Price target increased by 11% to ₹648Up from ₹583, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of ₹616. Stock is up 176% over the past year. The company is forecast to post earnings per share of ₹19.43 for next year compared to ₹15.52 last year.Upcoming Dividend • Oct 23Upcoming dividend of ₹1.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 18 November 2023. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (7.2%).공시 • Oct 20Ramkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2023-2024Ramkrishna Forgings Limited announced that at the board meeting held on 19 October, 2023, declared first Interim Dividend of INR 1.00 per Equity Share of face value INR 2 each for the Financial Year 2023-2024. The said dividend will be paid within 30 (thirty) days from the date of declaration. Fixed 30 October, 2023 as the Record Date for the purpose of payment of first Interim Dividend for the Financial Year 2023-24 to be paid to the eligible shareholders.공시 • Oct 01Ramkrishna Forgings Limited to Report Q2, 2024 Results on Oct 19, 2023Ramkrishna Forgings Limited announced that they will report Q2, 2024 results on Oct 19, 2023공시 • Sep 17Ramkrishna Forgings Limited Approves Re-Designation of Mahabir Prasad Jalan as Non-Executive Director of the Company Designated as "Chairman Emeritus"Ramkrishna Forgings Limited at its AGM held on 16 September 2023 approved Re-designation of Mr. Mahabir Prasad Jalan as Non-Executive Director of the Company designated as "Chairman Emeritus" with effect from 21 July 2023.Price Target Changed • Jul 24Price target increased by 22% to ₹451Up from ₹370, the current price target is an average from 6 analysts. New target price is 13% below last closing price of ₹521. Stock is up 188% over the past year. The company is forecast to post earnings per share of ₹21.06 for next year compared to ₹15.52 last year.공시 • Jul 23+ 1 more updateRamkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Multitech Auto Private Limited from Atul Dua and Poonam Dua for INR 2 billion.Ramkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Multitech Auto Private Limited from Atul Dua and Poonam Dua for INR 2 billion on July 21, 2023. The turnover of Multitech Auto was INR 300.43 million reported as at March 31, 2023. The transaction is expected to close within 6 months and is subject to approval from Adityapur Industrial Area Authority. Ramkrishna Forgings received the approval from board for transaction.Reported Earnings • Jul 22First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: ₹4.91 (up from ₹3.22 in 1Q 2023). Revenue: ₹8.92b (up 28% from 1Q 2023). Net income: ₹785.3m (up 53% from 1Q 2023). Profit margin: 8.8% (up from 7.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 157% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 04Price target increased by 7.9% to ₹356Up from ₹330, the current price target is an average from 5 analysts. New target price is 6.1% above last closing price of ₹335. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹20.82 for next year compared to ₹15.52 last year.Upcoming Dividend • May 02Upcoming dividend of ₹0.50 per share at 0.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 28 May 2023. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (8.1%).Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹15.51 (up from ₹12.39 in FY 2022). Revenue: ₹31.9b (up 38% from FY 2022). Net income: ₹2.48b (up 25% from FY 2022). Profit margin: 7.8% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jan 24Upcoming dividend of ₹0.50 per share at 0.7% yieldEligible shareholders must have bought the stock before 31 January 2023. Payment date: 19 February 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.3%).Reported Earnings • Jan 23Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹3.82 (up from ₹2.84 in 3Q 2022). Revenue: ₹7.77b (up 29% from 3Q 2022). Net income: ₹610.4m (up 35% from 3Q 2022). Profit margin: 7.9% (up from 7.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth.공시 • Jan 21Ramkrishna Forgings Limited Approves Third Interim Dividend for the Financial Year 2022-2023Ramkrishna Forgings Limited announced that at its board meeting held on 20 January 2023, approved the third interim dividend of INR 0.50 per equity share of INR 2 each for the financial year 2022-2023. The board of directors fixed 31 January 2023 as the record date for the purpose of payment of interim dividend for the financial year 2022-2023 to be paid to the eligible shareholders.공시 • Dec 31Ramkrishna Forgings Limited to Report Q3, 2023 Results on Jan 20, 2023Ramkrishna Forgings Limited announced that they will report Q3, 2023 results on Jan 20, 2023공시 • Dec 16Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd.Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd on December 14, 2022. The Board of Directors of Ramkrishna Forgings Limited one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire up to 51% voting rights of TSUYO Manufacturing, a Make-In-India start-up company engaged in powertrain solutions for electric vehicles, Ramkrishna Forgings also plans to expand its EV portfolio.공시 • Oct 28Ramkrishna Forgings Limited announced that it has received INR 235.75 million in funding from Shyama Wealth Management Private Limited, Eastern Credit Capital LtdOn October 26, 2022, Ramkrishna Forgings Limited closed the transaction.Upcoming Dividend • Oct 25Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 01 November 2022. Payment date: 20 November 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.2%).공시 • Oct 22Ramkrishna Forgings Limited Declares Second Interim Dividend for the Financial Year 2022-2023Ramkrishna Forgings Limited Board of Directors declared second Interim Dividend of INR 0.50 per Equity Share of INR 2 each for the Financial Year 2022-2023. The said dividend will be paid within 30 days from the date of declaration. The same is subject to TDS. The Board of Directors fixed 2 November, 2022 as the Record Date for the purpose of payment of second Interim Dividend for the Financial Year 2022-2023 to be paid to the eligible shareholders.Reported Earnings • Oct 22Second quarter 2023 earnings released: EPS: ₹4.20 (vs ₹2.76 in 2Q 2022)Second quarter 2023 results: EPS: ₹4.20 (up from ₹2.76 in 2Q 2022). Revenue: ₹8.25b (up 43% from 2Q 2022). Net income: ₹672.3m (up 53% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹204, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 268% over the past three years.공시 • Sep 27Ramkrishna Forgings Limited to Report Q2, 2023 Results on Oct 21, 2022Ramkrishna Forgings Limited announced that they will report Q2, 2023 results on Oct 21, 2022공시 • Sep 13Ramkrishna Forgings Limited announced that it expects to receive INR 235.75 million in funding from Shyama Wealth Management Pvt Ltd, Eastern Credit Capital Ltd, and other investorsRamkrishna Forgings Limited announced a private placement of 4,600,000 pre-paid warrants at a price of INR 51.25 per warrant for total gross proceeds of INR 235,750,000 on September 12, 2022. The transaction will include participation from returning investors Shyama Wealth Management Pvt Ltd for up to 1,000,000 warrants, Eastern Credit Capital Ltd for up to 500,000 warrants, individual investors Naresh Jalan for 3,000,000 warrants and Lalit Kumar Khetan for up to 100,000 warrants. The warrants will be issues on a preferential basis. The transaction is approved by board of directors of the company, and is pending approval from the shareholders of the company. The warrants have a total price of INR 205, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants. Each warrant is exercisable to acquire 1 equity share of the company, at an exercise price of INR 153.75 per share for a period of 18 months from the date of allotment.Upcoming Dividend • Sep 01Upcoming dividend of ₹0.20 per shareEligible shareholders must have bought the stock before 08 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 6.4% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.0%).공시 • Aug 27Ramkrishna Forgings Limited Recommends Dividend for the Financial Year 2021-22Ramkrishna Forgings Limited announced that at the Annual General Meeting to be held on September 17, 2022, recommended to declare Dividend of INR 0.20 per equity share of INR 2 each for the financial year 2021-22.공시 • Jul 22+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022Ramkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022, at 11:45 Indian Standard Time.Reported Earnings • Jul 22First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₹7.00b (up 68% from 1Q 2022). Net income: ₹513.9m (up 108% from 1Q 2022). Profit margin: 7.3% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue.공시 • Jun 30Ramkrishna Forgings Limited to Report Q1, 2023 Results on Jul 21, 2022Ramkrishna Forgings Limited announced that they will report Q1, 2023 results on Jul 21, 2022Price Target Changed • May 19Price target decreased to ₹260Down from ₹289, the current price target is provided by 1 analyst. New target price is 61% above last closing price of ₹161. Stock is up 27% over the past year. The company posted earnings per share of ₹12.43 last year.Reported Earnings • May 05Full year 2022 earnings released: EPS: ₹12.43 (vs ₹1.29 in FY 2021)Full year 2022 results: EPS: ₹12.43 (up from ₹1.29 in FY 2021). Revenue: ₹23.2b (up 80% from FY 2021). Net income: ₹1.98b (up ₹1.77b from FY 2021). Profit margin: 8.5% (up from 1.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹188, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 83% over the past three years.공시 • Apr 02Ramkrishna Forgings Limited to Report Q4, 2022 Results on May 03, 2022Ramkrishna Forgings Limited announced that they will report Q4, 2022 results on May 03, 2022Recent Insider Transactions • Mar 18Whole Time Director recently bought ₹145k worth of stockOn the 14th of March, Chaitanya Jalan bought around 800 shares on-market at roughly ₹181 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹812k. Insiders have collectively bought ₹4.6m more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹181, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 72% over the past three years.Recent Insider Transactions • Mar 05CFO & Additional Whole Time Director recently bought ₹812k worth of stockOn the 2nd of March, Lalit Khetan bought around 1k shares on-market at roughly ₹812 per share. This was the largest purchase by an insider in the last 3 months. This was Lalit's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹769, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 64% over the past three years.공시 • Feb 15Ramkrishna Forgings Limited's Newly Commissioned Warm Forging Plant Successfully Starts Dispatching of Products to India's Axte ManufacturerRamkrishna Forgings Limited has successfully started dispatches of warm forging processed parts to India's Axle manufacturer. RKFL had done capex in 2021, which is completed and now products despatches have started. Sample supplies will enable to garner new potential business worth INR 750 million in revenue over a three-year period.Upcoming Dividend • Jan 21Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 28 January 2022. Payment date: 17 February 2022. Payout ratio is a comfortable 1.4% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (3.4%).Upcoming Dividend • Oct 14Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 21 October 2021. Payment date: 10 November 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.8%).Reported Earnings • Oct 12Second quarter 2022 earnings released: EPS ₹13.78 (vs ₹0.45 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.79b (up 130% from 2Q 2021). Net income: ₹440.6m (up ₹426.0m from 2Q 2021). Profit margin: 7.6% (up from 0.6% in 2Q 2021). The increase in margin was driven by higher revenue.Recent Insider Transactions • Sep 14MD & Executive Director recently bought ₹5.0m worth of stockOn the 9th of September, Naresh Jalan bought around 5k shares on-market at roughly ₹996 per share. This was the largest purchase by an insider in the last 3 months. This was Naresh's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹1,023, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 61% over the past three years.Upcoming Dividend • Jul 29Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 25 August 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.6%).이익 및 매출 성장 예측BSE:532527 - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202849,7493,7343,7806,56833/31/202741,8212,1823,0735,84823/31/202642,381718-8538,398N/A12/31/202539,6852,157N/AN/AN/A9/30/202539,4382,230-10,310-55N/A6/30/202540,8992,905N/AN/AN/A3/31/202540,3413,316-9,443325N/A12/31/202443,1123,882N/AN/AN/A9/30/202442,3303,731-4,0453,549N/A6/30/202440,6763,438N/AN/AN/A3/31/202437,0452,8293236,211N/A12/31/202338,2333,160N/AN/AN/A9/30/202335,4292,9022,1626,838N/A6/30/202333,8592,753N/AN/AN/A3/31/202331,9292,4813,8857,453N/A12/31/202230,2002,636N/AN/AN/A9/30/202228,4382,4799774,075N/A6/30/202226,0252,247N/AN/AN/A3/31/202223,2021,980-2,568431N/A12/31/202121,2201,480N/AN/AN/A9/30/202119,2351,174-1,5271,034N/A6/30/202115,924748N/AN/AN/A3/31/202112,889207-9141,395N/A12/31/202010,080-208N/AN/AN/A9/30/20208,879-333-7431,682N/A6/30/20209,295-336N/AN/AN/A3/31/202012,165972662,542N/A12/31/201914,592422N/AN/AN/A9/30/201917,150742N/A1,318N/A6/30/201919,0831,060N/AN/AN/A3/31/201919,3111,201N/A2,674N/A3/31/201814,909949N/A1,271N/A3/31/20179,207112N/A1,436N/A3/31/20169,105545N/A1,035N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 532527 의 연간 예상 수익 증가율(68.1%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: 532527 의 연간 수익(68.1%)이 Indian 시장(16.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 532527 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 532527 의 수익(연간 8.2%)이 Indian 시장(연간 10.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 532527 의 수익(연간 8.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 532527의 자본 수익률은 3년 후 10.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 13:16종가2026/05/26 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ramkrishna Forgings Limited는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Annamalai Jayaraj360 ONE Capital Market Private Limitednull nullAsian Markets Securities Private LimitedMukesh SarafAvendus Spark4명의 분석가 더 보기
Price Target Changed • Mar 16Price target decreased by 17% to ₹579Down from ₹696, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹559. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹4.40 for next year compared to ₹18.33 last year.
Price Target Changed • May 08Price target decreased by 15% to ₹965Down from ₹1,131, the current price target is an average from 6 analysts. New target price is 66% above last closing price of ₹580. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹22.30 for next year compared to ₹20.27 last year.
Price Target Changed • Oct 26Price target increased by 7.8% to ₹1,115Up from ₹1,034, the current price target is an average from 6 analysts. New target price is 23% above last closing price of ₹906. Stock is up 47% over the past year. The company posted earnings per share of ₹20.27 last year.
Price Target Changed • Jul 26Price target increased by 8.3% to ₹925Up from ₹854, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of ₹841. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹25.10 for next year compared to ₹20.27 last year.
Price Target Changed • Jul 08Price target increased by 12% to ₹860Up from ₹765, the current price target is an average from 6 analysts. New target price is 10% below last closing price of ₹958. Stock is up 118% over the past year. The company is forecast to post earnings per share of ₹25.43 for next year compared to ₹20.27 last year.
Price Target Changed • Jan 19Price target increased by 9.1% to ₹725Up from ₹664, the current price target is an average from 7 analysts. New target price is 5.8% below last closing price of ₹770. Stock is up 189% over the past year. The company is forecast to post earnings per share of ₹20.26 for next year compared to ₹15.52 last year.
Reported Earnings • May 05Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: ₹3.97 (down from ₹18.33 in FY 2025). Revenue: ₹42.4b (up 5.1% from FY 2025). Net income: ₹718.0m (down 78% from FY 2025). Profit margin: 1.7% (down from 8.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공시 • May 04Ramkrishna Forgings Limited, Annual General Meeting, Aug 29, 2026Ramkrishna Forgings Limited, Annual General Meeting, Aug 29, 2026, at 11:30 Indian Standard Time.
공시 • May 02+ 1 more updateRamkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2025-26Ramkrishna Forgings Limited, at the board meeting held on 1 May 2026, declared first Interim Dividend of INR 1/- (Rupee One) per Equity Share of face value INR 2/- (Rupees Two) each for the Financial Year 2025-26. The said dividend will be paid within 30 (thirty) days from the date of declaration. The same is subject to TDS. Fixed 8 May, 2026 as the Record Date for the purpose of payment of 15 interim Dividend for the Financial Year 2025-26 to be paid to the eligible shareholders.
공시 • Apr 22Ramkrishna Forgings Limited to Report Q4, 2026 Results on May 01, 2026Ramkrishna Forgings Limited announced that they will report Q4, 2026 results on May 01, 2026
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₹464, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹342 per share.
Price Target Changed • Mar 16Price target decreased by 17% to ₹579Down from ₹696, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of ₹559. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹4.40 for next year compared to ₹18.33 last year.
Reported Earnings • Jan 28Third quarter 2026 earnings released: EPS: ₹0.75 (vs ₹5.51 in 3Q 2025)Third quarter 2026 results: EPS: ₹0.75 (down from ₹5.51 in 3Q 2025). Revenue: ₹11.0b (up 2.3% from 3Q 2025). Net income: ₹135.7m (down 86% from 3Q 2025). Profit margin: 1.2% (down from 9.3% in 3Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
공시 • Jan 20Ramkrishna Forgings Limited to Report Q3, 2026 Results on Jan 27, 2026Ramkrishna Forgings Limited announced that they will report Q3, 2026 results on Jan 27, 2026
공시 • Jan 14Ramkrishna Forgings Limited announced that it has received INR 499.8 million in fundingOn January 14, 2026, Ramkrishna Forgings Limited closed the transaction.
New Risk • Nov 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.7% Last year net profit margin: 8.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.7% net profit margin).
Reported Earnings • Nov 13Second quarter 2026 earnings released: ₹0.53 loss per share (vs ₹5.99 profit in 2Q 2025)Second quarter 2026 results: ₹0.53 loss per share (down from ₹5.99 profit in 2Q 2025). Revenue: ₹9.13b (down 13% from 2Q 2025). Net loss: ₹95.0m (down 109% from profit in 2Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Nov 08Ramkrishna Forgings Limited to Report Q2, 2026 Results on Nov 12, 2025Ramkrishna Forgings Limited announced that they will report Q2, 2026 results on Nov 12, 2025
Reported Earnings • Aug 02First quarter 2026 earnings released: EPS: ₹0.65 (vs ₹4.48 in 1Q 2025)First quarter 2026 results: EPS: ₹0.65 (down from ₹4.48 in 1Q 2025). Revenue: ₹10.2b (up 1.4% from 1Q 2025). Net income: ₹117.9m (down 85% from 1Q 2025). Profit margin: 1.2% (down from 8.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 26Ramkrishna Forgings Limited to Report Q1, 2026 Results on Aug 01, 2025Ramkrishna Forgings Limited announced that they will report Q1, 2026 results on Aug 01, 2025
공시 • Jun 06Ramkrishna Forgings Limited announced that it expects to receive INR 511.875 million in funding from Riddhi Portfolio Private LimitedRamkrishna Forgings Limited announced a private placement to issue 975,000 convertible warrants at an issue price of INR 525 per warrant for gross proceeds of INR 511,875,000 on June 5, 2025. The transaction will include participation from returning investor RIDDHI PORTFOLIO PRIVATE LIMITED with 33.45% stake. The transaction has been approved by shareholders and is subject to general shareholders to be held on June 28, 2025. Post completion, the investor will hold 61532,039 shares with 33.81% stake.
공시 • Jun 02+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Aug 30, 2025Ramkrishna Forgings Limited, Annual General Meeting, Aug 30, 2025, at 11:00 Indian Standard Time.
Reported Earnings • Jun 02Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: ₹18.33 (down from ₹20.27 in FY 2024). Revenue: ₹40.6b (up 2.7% from FY 2024). Net income: ₹3.32b (down 2.9% from FY 2024). Profit margin: 8.2% (down from 8.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 72%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Jun 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • May 27Ramkrishna Forgings Limited to Report Fiscal Year 2025 Results on May 30, 2025Ramkrishna Forgings Limited announced that they will report fiscal year 2025 results on May 30, 2025
Buy Or Sell Opportunity • May 13Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to ₹578. The fair value is estimated to be ₹477, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Price Target Changed • May 08Price target decreased by 15% to ₹965Down from ₹1,131, the current price target is an average from 6 analysts. New target price is 66% above last closing price of ₹580. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹22.30 for next year compared to ₹20.27 last year.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₹844, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Metals and Mining industry in India. Total returns to shareholders of 418% over the past three years.
Recent Insider Transactions • Feb 15Non-Executive Independent Director recently bought ₹33m worth of stockOn the 12th of February, Sanjay Kothari bought around 50k shares on-market at roughly ₹666 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₹806, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 334% over the past three years.
Reported Earnings • Jan 18Third quarter 2025 earnings: EPS misses analyst expectationsThird quarter 2025 results: EPS: ₹5.51 (up from ₹5.02 in 3Q 2024). Revenue: ₹10.8b (up 1.9% from 3Q 2024). Net income: ₹996.1m (up 15% from 3Q 2024). Profit margin: 9.2% (up from 8.2% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jan 17Ramkrishna Forgings Limited Announces Trustee Changes for Ramkrishna Forgings Limited Employee Welfare TrustRamkrishna Forgings Limited noted cessation of Mr. Milesh Gandhi, as a Trustee of Ramkrishna Forgings Limited Employee Welfare Trust in accordance with Clause 5.2.1 of Ramkrishna Forgings Limited Employee Welfare Trust Deed with effect from 16 January, 2025; noted appointment of Mr. Bal Krishan Khaitan, as a Trustee of Ramkrishna Forgings Limited Employee Welfare Trust in accordance with Clause 5.1.1 read with Clause 5.2.3 of the Ramkrishna Forgings Limited Employee Welfare Trust Deed with effect from 16 January, 2025 has approved by Nomination and Remuneration Committee of the Company at its meeting held on 16 January, 2025.
공시 • Jan 08Ramkrishna Forgings Limited to Report Q3, 2025 Results on Jan 17, 2025Ramkrishna Forgings Limited announced that they will report Q3, 2025 results on Jan 17, 2025
Declared Dividend • Oct 27First half dividend of ₹1.00 announcedDividend of ₹1.00 is the same as last year. Ex-date: 31st October 2024 Payment date: 23rd November 2024 Dividend yield will be 0.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Price Target Changed • Oct 26Price target increased by 7.8% to ₹1,115Up from ₹1,034, the current price target is an average from 6 analysts. New target price is 23% above last closing price of ₹906. Stock is up 47% over the past year. The company posted earnings per share of ₹20.27 last year.
Reported Earnings • Oct 26Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: ₹11.25 (up from ₹5.14 in 2Q 2024). Revenue: ₹10.5b (up 7.3% from 2Q 2024). Net income: ₹2.03b (up 147% from 2Q 2024). Profit margin: 19% (up from 8.4% in 2Q 2024). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 24Ramkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2024-25Ramkrishna Forgings Limited announced at the board meeting held on October 24, 2024, approved first interim dividend of INR 1/- (Rupee One) per Equity Share of face value INR 2/-for the financial year 2024-25. Fixed 2 November, 2024 as the Record Date for the purpose of payment of 1st Interim Dividend for the Financial Year 2024-25 to be paid to the eligible shareholders.
공시 • Oct 18Ramkrishna Forgings Limited to Report Q2, 2025 Results on Oct 24, 2024Ramkrishna Forgings Limited announced that they will report Q2, 2025 results on Oct 24, 2024
공시 • Sep 12Yatra Online Limited (NSEI:YATRA) completed the acquisition of Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion.Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion on September 2, 2024. A cash consideration of INR 1.28 billion will be paid by Yatra Online Limited, after net debt and working capital adjustments. The Acquisition is expected to close within three months from the date of execution of the SPA, subject to certain closing actions and satisfaction of the conditions precedent as specified in the SPA. As of March 31, 2024, Globe All India Services Limited had a revenue of INR 2.5 billion. With annual gross bookings of USD 90 million and Adjusted EBITDA margins of over 20%, this acquisition is expected to be immediately accretive to Yatra’s financials, with further potential for margin expansion as synergies are realized. Given that the majority of Globe Travel’s business is currently offline, this acquisition presents a strategic opportunity to integrate Yatra’s Corporate Self Booking Platform in to Globe Travel’s customer base, thereby enhancing synergies and driving further value creation. Moreover, Globe Travel’s corporate clients are expected to benefit from increased efficiencies and reduced costs through Yatra’s digital platform. Khaitan & Co. acted as legal advisor to Ramkrishna Forgings Limited (NSEI:RKFORGE) Yatra Online Limited (NSEI:YATRA) completed the acquisition of Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) on September 11, 2024.
공시 • Sep 04Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion.Yatra Online Limited (NSEI:YATRA) entered into a definitive agreement to acquire Globe All India Services Limited from Ramkrishna Forgings Limited (NSEI:RKFORGE) for INR 1.3 billion on September 2, 2024. A cash consideration of INR 1.28 billion will be paid by Yatra Online Limited, after net debt and working capital adjustments. The Acquisition is expected to close within three months from the date of execution of the SPA, subject to certain closing actions and satisfaction of the conditions precedent as specified in the SPA. As of March 31, 2024, Globe All India Services Limited had a revenue of INR 2.5 billion. With annual gross bookings of USD 90 million and Adjusted EBITDA margins of over 20%, this acquisition is expected to be immediately accretive to Yatra’s financials, with further potential for margin expansion as synergies are realized. Given that the majority of Globe Travel’s business is currently offline, this acquisition presents a strategic opportunity to integrate Yatra’s Corporate Self Booking Platform in to Globe Travel’s customer base, thereby enhancing synergies and driving further value creation. Moreover, Globe Travel’s corporate clients are expected to benefit from increased efficiencies and reduced costs through Yatra’s digital platform.
공시 • Aug 13Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. completed the acquisition of Resortes Libertad S.A. De C.V. for MXN 8.2 million.Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. agreed to acquire Resortes Libertad S.A. De C.V. for MXN 8.4 million on July 24, 2024. As part of the transaction, Ramkrishna and Multitech will acquire 49999 shares and 1 share respectively, which is equivalent to 100% stake in Resortes Libertad. The consideration is subject to necessary adjustments. For the period ending December 31, 2023, Resortes Libertad S.A. De C.V. reported total revenue of MXN 2 million. On completion, Resortes Libertad S.A. De C.V will change its name to Ramkrishna Forgings Mexico S.A. DE. C.V. The transaction is not subject to any approvals and it was approved by the Board of Directors of Ramkrishna Forgings Limited (NSEI:RKFORGE). The transaction is expected to close within September 30, 2024. S.R. Batliboi & Co. LLP and SK Naredi & Co acted as accountant to Ramkrishna Forgings. Ramkrishna Forgings Limited (NSEI:RKFORGE) and Multitech Auto Pvt. Ltd. completed the acquisition of Resortes Libertad S.A. De C.V. for MXN 8.2 million on August 13, 2024.
Price Target Changed • Jul 26Price target increased by 8.3% to ₹925Up from ₹854, the current price target is an average from 6 analysts. New target price is 10.0% above last closing price of ₹841. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹25.10 for next year compared to ₹20.27 last year.
Reported Earnings • Jul 25First quarter 2025 earnings released: EPS: ₹4.48 (vs ₹4.91 in 1Q 2024)First quarter 2025 results: EPS: ₹4.48. Revenue: ₹10.1b (up 13% from 1Q 2024). Net income: ₹809.0m (up 3.0% from 1Q 2024). Profit margin: 8.0% (down from 8.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India.
공시 • Jul 24+ 1 more updateRamkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Resortes Libertad S.A. De C.V. for MXN 83.8 million.Ramkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Resortes Libertad S.A. De C.V. for MXN 83.8 million on July 24, 2024. The consideration is subject to necessary adjustments. For the period ending December 31, 2023, Resortes Libertad S.A. De C.V. reported total revenue of MXN 2 million. The name of the existing Mexican Company is proposed to be change from Resortes Libertad S.A. DE. C.V. to Ramkrishna Forgings Mexico S.A. DE. C.V. The transaction was approved by the Board of Directors of Ramkrishna Forgings Limited (NSEI:RKFORGE). The transaction is expected to close within September 30, 2024.
공시 • Jul 16Ramkrishna Forgings Limited to Report Q1, 2025 Results on Jul 24, 2024Ramkrishna Forgings Limited announced that they will report Q1, 2025 results on Jul 24, 2024
Price Target Changed • Jul 08Price target increased by 12% to ₹860Up from ₹765, the current price target is an average from 6 analysts. New target price is 10% below last closing price of ₹958. Stock is up 118% over the past year. The company is forecast to post earnings per share of ₹25.43 for next year compared to ₹20.27 last year.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₹872, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 17x in the Metals and Mining industry in India. Total returns to shareholders of 614% over the past three years.
Declared Dividend • May 04Final dividend of ₹1.00 announcedShareholders will receive a dividend of ₹1.00. Ex-date: 10th May 2024 Payment date: 1st June 2024 Dividend yield will be 0.3%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (10% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 03+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Aug 31, 2024Ramkrishna Forgings Limited, Annual General Meeting, Aug 31, 2024, at 11:30 Indian Standard Time.
Reported Earnings • May 02Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₹20.27 (up from ₹15.52 in FY 2023). Revenue: ₹39.8b (up 25% from FY 2023). Net income: ₹3.41b (up 38% from FY 2023). Profit margin: 8.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 26Ramkrishna Forgings Limited to Report Q4, 2024 Results on May 02, 2024Ramkrishna Forgings Limited announced that they will report Q4, 2024 results on May 02, 2024
Price Target Changed • Jan 19Price target increased by 9.1% to ₹725Up from ₹664, the current price target is an average from 7 analysts. New target price is 5.8% below last closing price of ₹770. Stock is up 189% over the past year. The company is forecast to post earnings per share of ₹20.26 for next year compared to ₹15.52 last year.
Reported Earnings • Jan 19Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2024 results: EPS: ₹5.02 (up from ₹3.82 in 3Q 2023). Revenue: ₹10.6b (up 36% from 3Q 2023). Net income: ₹868.6m (up 42% from 3Q 2023). Profit margin: 8.2% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.
Recent Insider Transactions • Dec 30MD & Executive Director recently bought ₹4.2m worth of stockOn the 26th of December, Naresh Jalan bought around 6k shares on-market at roughly ₹725 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Naresh's only on-market trade for the last 12 months.
New Risk • Nov 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (95% net debt to equity). Shareholders have been diluted in the past year (13% increase in shares outstanding).
공시 • Nov 09Ramkrishna Forgings Limited has filed a Follow-on Equity Offering.Ramkrishna Forgings Limited has filed a Follow-on Equity Offering. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing
Price Target Changed • Oct 29Price target increased by 11% to ₹648Up from ₹583, the current price target is an average from 6 analysts. New target price is 5.1% above last closing price of ₹616. Stock is up 176% over the past year. The company is forecast to post earnings per share of ₹19.43 for next year compared to ₹15.52 last year.
Upcoming Dividend • Oct 23Upcoming dividend of ₹1.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 October 2023. Payment date: 18 November 2023. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (7.2%).
공시 • Oct 20Ramkrishna Forgings Limited Declares First Interim Dividend for the Financial Year 2023-2024Ramkrishna Forgings Limited announced that at the board meeting held on 19 October, 2023, declared first Interim Dividend of INR 1.00 per Equity Share of face value INR 2 each for the Financial Year 2023-2024. The said dividend will be paid within 30 (thirty) days from the date of declaration. Fixed 30 October, 2023 as the Record Date for the purpose of payment of first Interim Dividend for the Financial Year 2023-24 to be paid to the eligible shareholders.
공시 • Oct 01Ramkrishna Forgings Limited to Report Q2, 2024 Results on Oct 19, 2023Ramkrishna Forgings Limited announced that they will report Q2, 2024 results on Oct 19, 2023
공시 • Sep 17Ramkrishna Forgings Limited Approves Re-Designation of Mahabir Prasad Jalan as Non-Executive Director of the Company Designated as "Chairman Emeritus"Ramkrishna Forgings Limited at its AGM held on 16 September 2023 approved Re-designation of Mr. Mahabir Prasad Jalan as Non-Executive Director of the Company designated as "Chairman Emeritus" with effect from 21 July 2023.
Price Target Changed • Jul 24Price target increased by 22% to ₹451Up from ₹370, the current price target is an average from 6 analysts. New target price is 13% below last closing price of ₹521. Stock is up 188% over the past year. The company is forecast to post earnings per share of ₹21.06 for next year compared to ₹15.52 last year.
공시 • Jul 23+ 1 more updateRamkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Multitech Auto Private Limited from Atul Dua and Poonam Dua for INR 2 billion.Ramkrishna Forgings Limited (NSEI:RKFORGE) agreed to acquire Multitech Auto Private Limited from Atul Dua and Poonam Dua for INR 2 billion on July 21, 2023. The turnover of Multitech Auto was INR 300.43 million reported as at March 31, 2023. The transaction is expected to close within 6 months and is subject to approval from Adityapur Industrial Area Authority. Ramkrishna Forgings received the approval from board for transaction.
Reported Earnings • Jul 22First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: ₹4.91 (up from ₹3.22 in 1Q 2023). Revenue: ₹8.92b (up 28% from 1Q 2023). Net income: ₹785.3m (up 53% from 1Q 2023). Profit margin: 8.8% (up from 7.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has increased by 157% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 04Price target increased by 7.9% to ₹356Up from ₹330, the current price target is an average from 5 analysts. New target price is 6.1% above last closing price of ₹335. Stock is up 91% over the past year. The company is forecast to post earnings per share of ₹20.82 for next year compared to ₹15.52 last year.
Upcoming Dividend • May 02Upcoming dividend of ₹0.50 per share at 0.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 28 May 2023. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (8.1%).
Reported Earnings • Apr 29Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹15.51 (up from ₹12.39 in FY 2022). Revenue: ₹31.9b (up 38% from FY 2022). Net income: ₹2.48b (up 25% from FY 2022). Profit margin: 7.8% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has increased by 106% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jan 24Upcoming dividend of ₹0.50 per share at 0.7% yieldEligible shareholders must have bought the stock before 31 January 2023. Payment date: 19 February 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.3%).
Reported Earnings • Jan 23Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: ₹3.82 (up from ₹2.84 in 3Q 2022). Revenue: ₹7.77b (up 29% from 3Q 2022). Net income: ₹610.4m (up 35% from 3Q 2022). Profit margin: 7.9% (up from 7.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth.
공시 • Jan 21Ramkrishna Forgings Limited Approves Third Interim Dividend for the Financial Year 2022-2023Ramkrishna Forgings Limited announced that at its board meeting held on 20 January 2023, approved the third interim dividend of INR 0.50 per equity share of INR 2 each for the financial year 2022-2023. The board of directors fixed 31 January 2023 as the record date for the purpose of payment of interim dividend for the financial year 2022-2023 to be paid to the eligible shareholders.
공시 • Dec 31Ramkrishna Forgings Limited to Report Q3, 2023 Results on Jan 20, 2023Ramkrishna Forgings Limited announced that they will report Q3, 2023 results on Jan 20, 2023
공시 • Dec 16Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd.Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd on December 14, 2022. The Board of Directors of Ramkrishna Forgings Limited one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire up to 51% voting rights of TSUYO Manufacturing, a Make-In-India start-up company engaged in powertrain solutions for electric vehicles, Ramkrishna Forgings also plans to expand its EV portfolio.
공시 • Oct 28Ramkrishna Forgings Limited announced that it has received INR 235.75 million in funding from Shyama Wealth Management Private Limited, Eastern Credit Capital LtdOn October 26, 2022, Ramkrishna Forgings Limited closed the transaction.
Upcoming Dividend • Oct 25Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 01 November 2022. Payment date: 20 November 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.2%).
공시 • Oct 22Ramkrishna Forgings Limited Declares Second Interim Dividend for the Financial Year 2022-2023Ramkrishna Forgings Limited Board of Directors declared second Interim Dividend of INR 0.50 per Equity Share of INR 2 each for the Financial Year 2022-2023. The said dividend will be paid within 30 days from the date of declaration. The same is subject to TDS. The Board of Directors fixed 2 November, 2022 as the Record Date for the purpose of payment of second Interim Dividend for the Financial Year 2022-2023 to be paid to the eligible shareholders.
Reported Earnings • Oct 22Second quarter 2023 earnings released: EPS: ₹4.20 (vs ₹2.76 in 2Q 2022)Second quarter 2023 results: EPS: ₹4.20 (up from ₹2.76 in 2Q 2022). Revenue: ₹8.25b (up 43% from 2Q 2022). Net income: ₹672.3m (up 53% from 2Q 2022). Profit margin: 8.1% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₹204, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 268% over the past three years.
공시 • Sep 27Ramkrishna Forgings Limited to Report Q2, 2023 Results on Oct 21, 2022Ramkrishna Forgings Limited announced that they will report Q2, 2023 results on Oct 21, 2022
공시 • Sep 13Ramkrishna Forgings Limited announced that it expects to receive INR 235.75 million in funding from Shyama Wealth Management Pvt Ltd, Eastern Credit Capital Ltd, and other investorsRamkrishna Forgings Limited announced a private placement of 4,600,000 pre-paid warrants at a price of INR 51.25 per warrant for total gross proceeds of INR 235,750,000 on September 12, 2022. The transaction will include participation from returning investors Shyama Wealth Management Pvt Ltd for up to 1,000,000 warrants, Eastern Credit Capital Ltd for up to 500,000 warrants, individual investors Naresh Jalan for 3,000,000 warrants and Lalit Kumar Khetan for up to 100,000 warrants. The warrants will be issues on a preferential basis. The transaction is approved by board of directors of the company, and is pending approval from the shareholders of the company. The warrants have a total price of INR 205, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants. Each warrant is exercisable to acquire 1 equity share of the company, at an exercise price of INR 153.75 per share for a period of 18 months from the date of allotment.
Upcoming Dividend • Sep 01Upcoming dividend of ₹0.20 per shareEligible shareholders must have bought the stock before 08 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 6.4% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.0%).
공시 • Aug 27Ramkrishna Forgings Limited Recommends Dividend for the Financial Year 2021-22Ramkrishna Forgings Limited announced that at the Annual General Meeting to be held on September 17, 2022, recommended to declare Dividend of INR 0.20 per equity share of INR 2 each for the financial year 2021-22.
공시 • Jul 22+ 1 more updateRamkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022Ramkrishna Forgings Limited, Annual General Meeting, Sep 17, 2022, at 11:45 Indian Standard Time.
Reported Earnings • Jul 22First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₹7.00b (up 68% from 1Q 2022). Net income: ₹513.9m (up 108% from 1Q 2022). Profit margin: 7.3% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue.
공시 • Jun 30Ramkrishna Forgings Limited to Report Q1, 2023 Results on Jul 21, 2022Ramkrishna Forgings Limited announced that they will report Q1, 2023 results on Jul 21, 2022
Price Target Changed • May 19Price target decreased to ₹260Down from ₹289, the current price target is provided by 1 analyst. New target price is 61% above last closing price of ₹161. Stock is up 27% over the past year. The company posted earnings per share of ₹12.43 last year.
Reported Earnings • May 05Full year 2022 earnings released: EPS: ₹12.43 (vs ₹1.29 in FY 2021)Full year 2022 results: EPS: ₹12.43 (up from ₹1.29 in FY 2021). Revenue: ₹23.2b (up 80% from FY 2021). Net income: ₹1.98b (up ₹1.77b from FY 2021). Profit margin: 8.5% (up from 1.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹188, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 14x in the Metals and Mining industry in India. Total returns to shareholders of 83% over the past three years.
공시 • Apr 02Ramkrishna Forgings Limited to Report Q4, 2022 Results on May 03, 2022Ramkrishna Forgings Limited announced that they will report Q4, 2022 results on May 03, 2022
Recent Insider Transactions • Mar 18Whole Time Director recently bought ₹145k worth of stockOn the 14th of March, Chaitanya Jalan bought around 800 shares on-market at roughly ₹181 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹812k. Insiders have collectively bought ₹4.6m more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₹181, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 72% over the past three years.
Recent Insider Transactions • Mar 05CFO & Additional Whole Time Director recently bought ₹812k worth of stockOn the 2nd of March, Lalit Khetan bought around 1k shares on-market at roughly ₹812 per share. This was the largest purchase by an insider in the last 3 months. This was Lalit's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₹769, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 13x in the Metals and Mining industry in India. Total returns to shareholders of 64% over the past three years.
공시 • Feb 15Ramkrishna Forgings Limited's Newly Commissioned Warm Forging Plant Successfully Starts Dispatching of Products to India's Axte ManufacturerRamkrishna Forgings Limited has successfully started dispatches of warm forging processed parts to India's Axle manufacturer. RKFL had done capex in 2021, which is completed and now products despatches have started. Sample supplies will enable to garner new potential business worth INR 750 million in revenue over a three-year period.
Upcoming Dividend • Jan 21Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 28 January 2022. Payment date: 17 February 2022. Payout ratio is a comfortable 1.4% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (3.4%).
Upcoming Dividend • Oct 14Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 21 October 2021. Payment date: 10 November 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.8%).
Reported Earnings • Oct 12Second quarter 2022 earnings released: EPS ₹13.78 (vs ₹0.45 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.79b (up 130% from 2Q 2021). Net income: ₹440.6m (up ₹426.0m from 2Q 2021). Profit margin: 7.6% (up from 0.6% in 2Q 2021). The increase in margin was driven by higher revenue.
Recent Insider Transactions • Sep 14MD & Executive Director recently bought ₹5.0m worth of stockOn the 9th of September, Naresh Jalan bought around 5k shares on-market at roughly ₹996 per share. This was the largest purchase by an insider in the last 3 months. This was Naresh's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Aug 30Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₹1,023, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 11x in the Metals and Mining industry in India. Total returns to shareholders of 61% over the past three years.
Upcoming Dividend • Jul 29Upcoming dividend of ₹0.50 per shareEligible shareholders must have bought the stock before 05 August 2021. Payment date: 25 August 2021. Trailing yield: 0.1%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (2.6%).