Stock Analysis
Ramkrishna Forgings (NSE:RKFORGE) Full Year 2024 Results
Key Financial Results
- 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.
- EPS: ₹20.27 (up from ₹15.52 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ramkrishna Forgings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%.
Looking ahead, 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.
Performance of the Indian Metals and Mining industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Ramkrishna Forgings has 2 warning signs we think you should be aware of.
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Find out whether Ramkrishna Forgings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NSEI:RKFORGE
Ramkrishna Forgings
Manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally.
Flawless balance sheet with proven track record.