RKFORGE Stock Overview
Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally.
Ramkrishna Forgings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹163.85|
|52 Week High||₹252.00|
|52 Week Low||₹130.20|
|1 Month Change||-1.03%|
|3 Month Change||4.10%|
|1 Year Change||23.58%|
|3 Year Change||71.25%|
|5 Year Change||52.97%|
|Change since IPO||2,039.03%|
Recent News & Updates
Ramkrishna Forgings (NSE:RKFORGE) Is Experiencing Growth In Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
|RKFORGE||IN Metals and Mining||IN Market|
Return vs Industry: RKFORGE exceeded the Indian Metals and Mining industry which returned -17.4% over the past year.
Return vs Market: RKFORGE exceeded the Indian Market which returned 0.6% over the past year.
|RKFORGE Average Weekly Movement||6.6%|
|Metals and Mining Industry Average Movement||7.7%|
|Market Average Movement||7.0%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: RKFORGE is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: RKFORGE's weekly volatility (7%) has been stable over the past year.
About the Company
Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally. It operates in two segments, Forging Components and Others. The company offers crown wheels/ring gears; I beams, crankshafts, connecting rods, knuckles, diff cases, center wedges, steering arms, tie rod arms, pitman arms, stub axles, recondition taper stationary plates, spides/crosses, brake flanges, brackets, wheel hubs, yokes, front engine mounting arms, tooth products, hammer bars, track links, bearing caps, counterweights, and ring gear carriers; and pinions, front hubs, prop shafts, counter shafts, rear axle shafts, coupling flanges, engaging gears, CM gears, speed gears, and clutch collars.
Ramkrishna Forgings Fundamentals Summary
|RKFORGE fundamental statistics|
Is RKFORGE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RKFORGE income statement (TTM)|
|Cost of Revenue||₹13.13b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||12.38|
|Net Profit Margin||8.53%|
How did RKFORGE perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is RKFORGE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RKFORGE?
Other financial metrics that can be useful for relative valuation.
|What is RKFORGE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RKFORGE's PE Ratio compare to its peers?
|RKFORGE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
590078 Maithan Alloys
500378 Jindal Saw
513434 Tata Metaliks
MIDHANI Mishra Dhatu Nigam
RKFORGE Ramkrishna Forgings
Price-To-Earnings vs Peers: RKFORGE is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (8.9x).
Price to Earnings Ratio vs Industry
How does RKFORGE's PE Ratio compare vs other companies in the IN Metals and Mining Industry?
Price-To-Earnings vs Industry: RKFORGE is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the Indian Metals and Mining industry average (12.4x)
Price to Earnings Ratio vs Fair Ratio
What is RKFORGE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||13.2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RKFORGE's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of RKFORGE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RKFORGE (₹163.85) is trading above our estimate of fair value (₹8.53)
Significantly Below Fair Value: RKFORGE is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RKFORGE's PEG Ratio to determine if it is good value.
Discover undervalued companies
How is Ramkrishna Forgings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ramkrishna Forgings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
How has Ramkrishna Forgings performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RKFORGE has high quality earnings.
Growing Profit Margin: RKFORGE's current net profit margins (8.5%) are higher than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: RKFORGE's earnings have grown by 16.8% per year over the past 5 years.
Accelerating Growth: RKFORGE's earnings growth over the past year (858.1%) exceeds its 5-year average (16.8% per year).
Earnings vs Industry: RKFORGE earnings growth over the past year (858.1%) exceeded the Metals and Mining industry 76.9%.
Return on Equity
High ROE: RKFORGE's Return on Equity (18.4%) is considered low.
Discover strong past performing companies
How is Ramkrishna Forgings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RKFORGE's short term assets (₹18.1B) exceed its short term liabilities (₹14.2B).
Long Term Liabilities: RKFORGE's short term assets (₹18.1B) exceed its long term liabilities (₹9.8B).
Debt to Equity History and Analysis
Debt Level: RKFORGE's net debt to equity ratio (138.9%) is considered high.
Reducing Debt: RKFORGE's debt to equity ratio has reduced from 203.9% to 147.5% over the past 5 years.
Debt Coverage: RKFORGE's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: RKFORGE's interest payments on its debt are well covered by EBIT (3.6x coverage).
Discover healthy companies
What is Ramkrishna Forgings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RKFORGE's dividend (0.49%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).
High Dividend: RKFORGE's dividend (0.49%) is low compared to the top 25% of dividend payers in the Indian market (1.85%).
Stability and Growth of Payments
Stable Dividend: RKFORGE's dividend payments have been volatile in the past 10 years.
Growing Dividend: RKFORGE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (4%), RKFORGE's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: RKFORGE is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Naresh Jalan (46 yo)
Mr. Naresh Jalan has been Managing Director of Ramkrishna Forgings Limited since November 5, 2006 and serves as its Executive Director. He has done MBA.
CEO Compensation Analysis
Compensation vs Market: Naresh's total compensation ($USD226.12K) is about average for companies of similar size in the Indian market ($USD260.10K).
Compensation vs Earnings: Naresh's compensation has been consistent with company performance over the past year.
Experienced Management: RKFORGE's management team is seasoned and experienced (9.9 years average tenure).
Experienced Board: RKFORGE's board of directors are considered experienced (9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ramkrishna Forgings Limited's employee growth, exchange listings and data sources
- Name: Ramkrishna Forgings Limited
- Ticker: RKFORGE
- Exchange: NSEI
- Founded: 1981
- Industry: Steel
- Sector: Materials
- Implied Market Cap: ₹26.161b
- Shares outstanding: 160.01m
- Website: https://www.ramkrishnaforgings.com
Number of Employees
- Ramkrishna Forgings Limited
- Ramkrishna Chambers
- 23, Circus Avenue
- West Bengal
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/29 00:00|
|End of Day Share Price||2022/06/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.