Auto Components
Valuation | |
|---|---|
| Market Cap | 9.25 kCr |
| Price/Earnings (Trailing) | 42.91 |
| Price/Sales (Trailing) | 2.32 |
| EV/EBITDA | 22.17 |
| Price/Free Cashflow | -10.55 |
| MarketCap/EBT | 3.48 K |
| Enterprise Value | 11.83 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 0.10% |
| Price Change 1M | -2.3% |
| Price Change 6M | -9.7% |
| Price Change 1Y | -32.4% |
| 3Y Cumulative Return | 22.9% |
| 5Y Cumulative Return | 38.2% |
| 7Y Cumulative Return | 26.4% |
| 10Y Cumulative Return | 19.8% |
| Revenue (TTM) |
| 3.99 kCr |
| Rev. Growth (Yr) | 2.1% |
| Earnings (TTM) | 215.69 Cr |
| Earnings Growth (Yr) | -86.4% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 9.84% |
| Return on Assets | 4.38% |
| Free Cashflow Yield | -9.48% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -916.39 Cr |
| Cash Flow from Operations (TTM) | 32.55 Cr |
| Cash Flow from Financing (TTM) | 726.74 Cr |
| Cash & Equivalents | 37.12 Cr |
| Free Cash Flow (TTM) | -944.32 Cr |
| Free Cash Flow/Share (TTM) | -52.16 |
Balance Sheet | |
|---|---|
| Total Assets | 6.89 kCr |
| Total Liabilities | 3.82 kCr |
| Shareholder Equity | 3.07 kCr |
| Current Assets | 2.54 kCr |
| Current Liabilities | 2.41 kCr |
| Net PPE | 2.67 kCr |
| Inventory | 1.3 kCr |
| Goodwill | 70.67 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.38 |
| Debt/Equity | 0.85 |
| Interest Coverage | -0.42 |
| Interest/Cashflow Ops | 1.06 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 2 |
| Dividend Yield | 0.39% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 13.2% |
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 22.9% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 8% is a good sign.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock has a weak negative price momentum.
Insider Trading: Significant insider selling noticed recently.
Technicals: Bullish SharesGuru indicator.
Past Returns: Outperforming stock! In past three years, the stock has provided 22.9% return compared to 12.8% by NIFTY 50.
Profitability: Recent profitability of 8% is a good sign.
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is losing interest in the stock.
Momentum: Stock has a weak negative price momentum.
Insider Trading: Significant insider selling noticed recently.
Investor Care | |
|---|---|
| Dividend Yield | 0.39% |
| Dividend/Share (TTM) | 2 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 11.91 |
Financial Health | |
|---|---|
| Current Ratio | 1.06 |
| Debt/Equity | 0.85 |
Technical Indicators | |
|---|---|
| RSI (14d) | 46.48 |
| RSI (5d) | 62.94 |
| RSI (21d) | 48.53 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of ramkrishna forgings's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q2 FY '26 earnings call, management provided a cautious outlook amid challenging global conditions, including geopolitical tensions, supply chain disruptions, and tariff impacts affecting international sales. They reported a consolidated revenue of Rs. 907.53 crores, down 10.6% quarter-on-quarter, and EBITDA of Rs. 122.54 crores, a decline of 17.5%. The EBITDA margin contracted by 110 basis points to 13.5%. A significant loss of Rs. 9.5 crores was attributed to several factors, including forex losses on equipment imports (Rs. 6.77 crores) and tariff impacts (Rs. 10.75 crores).
Management highlighted stronger domestic fundamentals, noting that the government's GST rationalization positively influenced the automotive sector. The railway segment demonstrated promising growth, with new product introductions and successful order wins. Moving forward, management prioritized new product introductions, capacity optimization, and revenue diversification.
Key forward-looking points include:
The company is progressing with the amalgamation of subsidiaries and expects significant operational improvements from forthcoming joint ventures and projects starting in early 2026.
Understand ramkrishna forgings ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| RIDDHI PORTFOLIO PRIVATE LIMITED | 33.45% |
| SMALLCAP WORLD FUND, INC | 7.54% |
| RAMKRISHNA RAIL AND INFRASTRUCTURE PRIVATE LIMITED | 3.59% |
| LATA BHANSHALI | 2.91% |
| NARESH JALAN | 2.49% |
| AKASH BHANSHALI | 2.24% |
| CHAITANYA JALAN | 1.68% |
Detailed comparison of ramkrishna forgings against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| BHARATFORG | Bharat Forge | 68.91 kCr | 15.47 kCr | -2.00% | +21.70% | 63.64 | 4.45 | - | - |
| MMFL | M.M.Forgings | 1.98 kCr |
Comprehensive comparison against sector averages
RKFORGE metrics compared to Auto
| Category | RKFORGE | Auto |
|---|---|---|
| PE | 42.91 | 38.57 |
| PS | 2.32 | 2.16 |
| Growth | -4.7 % | 7.9 % |
Ramkrishna Forgings Limited engages in the manufacture and sale of forged components for automobiles, railway wagons and coaches, and engineering parts in India and internationally. It operates in two segments, Forging Components and Others. The company's products portfolio includes beam, knuckle, steering arm, tie-rod-arm, sector shaft, front hub, crankshaft, camshaft, connecting rod, piston, pitman arm, BC lever assembly, mounting bracket, yoke, UJ cross, transmission gear and shaft, crown wheel, pinion, differential case and case cover, differential gear and pinion, spindle, rear axle shaft, spider, helical gear, tube flange and shaft, and tube yoke products. It also offers bucket, backhoe bucket, shovel, track line and roller, bucket tooth, pivot pin, prop shaft, and bearing centre products; and wing nut, valve bonet, T-bolt socket joint, and tooth crusher hammer products. In addition, the company provides bogie frame and bolster, screw coupling, hanger, draw gear assembly, anti roll bar assembly, control arm support, center pivot pin, centering disc, traction center, and guide products. Further, it offers tractor-trailer products, such as trailer axle, air and mechanical suspension, landing leg, and bolton and weldable king pin products; as well as engages in the sanitization and cargo, and tour and travel businesses. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, power, construction, general engineering, railways, steel plants, and oil and gas exploration, as well as for original equipment manufacturers. Ramkrishna Forgings Limited was incorporated in 1981 and is headquartered in Kolkata, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
RKFORGE vs Auto (2021 - 2026)
Question 1: "What made the revenue drop and the margins reduce?"
Answer: I explained that in Q1, tariffs were initially projected at 25%. Post-September clarifications set it at 50%, causing confusion among customers, leading to a decrease in shipments. Additionally, both U.S. and Mexico faced reduced demand, prompting us to cut inventory due to cash flow concerns. As customer projections indicate improvements from Q1, we're anticipating better shipment levels.
Question 2: "What sort of traction are you seeing in Q3? Is it better than Q2?"
Answer: Yes, Q3 is significantly better than Q2. We're seeing positive traction, driven by increased demand and improved customer sentiments.
Question 3: "What are we looking at for EBITDA margins in Q3 and Q4?"
Answer: We expect higher revenues and EBITDA margins back to normal levels. The worst seems behind us, and we're optimistic about achieving double-digit growth for the full year.
Question 4: "Can we expect any further one-time losses in the next quarter?"
Answer: We believe our capital expenditure is complete, and no more significant hits should occur. However, currency fluctuations may slightly affect us. Once our new wheel plant starts in March, we should stabilize.
Question 5: "Can you provide details on the recent share pledges to Tata Capital regarding the warrants?"
Answer: Yes, we've pledged shares to Tata Capital to fulfill payment obligations for the issued warrants. The entire amount will be cleared before March.
Question 6: "What has led to the sharp increase in debt levels?"
Answer: The profit was muted in H1, leading to approximately Rs. 600 crores rise in debt, primarily from a Rs. 400 crores capex program. We anticipate a reduction in H2 due to expected operating leverage.
Question 7: "What are the expected capex levels for FY '26 and resulting debt levels by March?"
Answer: We expect total capex to be less than Rs. 100 crores in H2, and we project a Rs. 500-600 crores reduction in debt by March '26.
Question 8: "What is the outlook for H2 based on market conditions?"
Answer: The domestic market has rebounded post-GST cuts. We anticipate exceeding overall market growth in H2, especially boosted by new customer wins.
Question 9: "When are you expecting the cold forging capacity to begin revenue generation?"
Answer: Cold forging has started revenue generation with 40% utilization expected to grow to 60% in the next quarter, reaching about 80-85% by FY '27.
Question 10: "What revenue and margins are expected from the new wheel joint venture?"
Answer: From the wheel project, anticipated revenue is around Rs. 1,600-1,700 crores at 17-18% EBITDA margins once we reach full utilization in FY '28.
| BLUE DAIMOND PROPERTIES PVT LTD | 1.58% |
| BLUE LOTUS INVESTMENT FUND | 1.33% |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | 1.28% |
| PAYAL BHANSHALI | 1.19% |
| RASHMI JALAN | 1.16% |
| LICI NEW PENSION PLUS GROWTH FUND | 1.14% |
| MORGAN STANLEY ASIA (SINGAPORE) PTE. - ODI | 1.08% |
| AADI FINANCIAL ADVISORS LLP | 1.03% |
| BNP PARIBAS FINANCIAL MARKETS - ODI | 1.03% |
| NARESH JALAN HUF | 0.74% |
| RADHIKA JALAN | 0.01% |
| MAHABIR PRASAD JALAN | 0% |
| RIDDHI JALAN | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 1.51 kCr |
| +12.90% |
| -4.10% |
| 20.67 |
| 1.31 |
| - |
| - |
| 16.6% |
| 1,071 |
| 919 |
| 995 |
| 982 |
| 948 |
| 920 |
| Profit Before exceptional items and Tax | 551% | 30 | -5.43 | 24 | -23.38 | 129 | 136 |
| Exceptional items before tax | -95.7% | -10.43 | -4.84 | -6.66 | -0.27 | -0.08 | -0.34 |
| Total profit before tax | 259.7% | 19 | -10.27 | 17 | -23.65 | 129 | 136 |
| Current tax | 57.7% | 1.82 | 1.52 | 1.53 | -38.59 | 30 | 33 |
| Deferred tax | 152.3% | 2.72 | -2.29 | 4 | -184.89 | -0.44 | -5.24 |
| Total tax | 300% | 4.54 | -0.77 | 5.53 | -223.48 | 29 | 28 |
| Total profit (loss) for period | 223.8% | 14 | -9.5 | 12 | 200 | 100 | 190 |
| Other comp. income net of taxes | -304% | -1.04 | 2 | -1.21 | 3.49 | -1.65 | -1.25 |
| Total Comprehensive Income | 241.2% | 13 | -7.5 | 11 | 203 | 98 | 189 |
| Earnings Per Share, Basic | 83.7% | 0.75 | -0.53 | 0.65 | 11.04 | 5.51 | 10.49 |
| Earnings Per Share, Diluted | 83.6% | 0.75 | -0.52 | 0.65 | 11.04 | 5.51 | 10.48 |
| 8.1% |
| 147 |
| 136 |
| 115 |
| 93 |
| 77 |
| 75 |
| Depreciation and Amortization | -1.2% | 241 | 244 | 201 | 169 | 116 | 120 |
| Other expenses | 32.5% | 1,066 | 805 | 745 | 607 | 323 | 307 |
| Total Expenses | 14.8% | 3,532 | 3,076 | 2,649 | 2,021 | 1,252 | 1,103 |
| Profit Before exceptional items and Tax | -72.5% | 121 | 437 | 356 | 266 | 41 | 14 |
| Exceptional items before tax | - | 103 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -48.9% | 224 | 437 | 356 | 266 | 41 | 14 |
| Current tax | -91.3% | 10 | 105 | 119 | 48 | 7.27 | 2.39 |
| Deferred tax | -3959.1% | -188.48 | 5.91 | 1.28 | 11 | 6.26 | 2.41 |
| Total tax | -264.4% | -178.25 | 110 | 120 | 60 | 14 | 4.8 |
| Total profit (loss) for period | 23.4% | 402 | 326 | 236 | 206 | 28 | 9.61 |
| Other comp. income net of taxes | 66.3% | -0.93 | -4.73 | -1.14 | 0.29 | 0.33 | -0.27 |
| Total Comprehensive Income | 25% | 401 | 321 | 234 | 207 | 28 | 9.34 |
| Earnings Per Share, Basic | 15.6% | 22.22 | 19.36 | 14.73 | 25.82 | 1.742 | 0.59 |
| Earnings Per Share, Diluted | 16.7% | 22.22 | 19.19 | 14.65 | 25.82 | 1.74 | 0.59 |
| -1.6% |
| 2,311 |
| 2,349 |
| 1,861 |
| 1,816 |
| 1,721 |
| 1,654 |
| Capital work-in-progress | 77.9% | 622 | 350 | 339 | 175 | 178 | 85 |
| Goodwill | 0% | 4.59 | 4.59 | 0 | 0 | 0 | 0 |
| Non-current investments | 10.9% | 501 | 452 | 393 | 324 | 234 | 19 |
| Loans, non-current | 32.1% | 75 | 57 | 81 | 72 | 1.72 | 1.41 |
| Total non-current financial assets | 12% | 599 | 535 | 506 | 427 | 254 | 40 |
| Total non-current assets | 6.4% | 3,877 | 3,643 | 2,974 | 2,678 | 2,304 | 1,885 |
| Total assets | - | - | 5,863 | - | - | - | - |
| Total assets | - | - | 5,863 | - | - | - | - |
| Total assets | 5.5% | 6,186 | 5,863 | 5,397 | 4,792 | 4,217 | 3,631 |
| Borrowings, non-current | 18.4% | 895 | 756 | 566 | 545 | 837 | 751 |
| Total non-current financial liabilities | 16.8% | 948 | 812 | 626 | 620 | 837 | 771 |
| Total non-current liabilities | 15.8% | 983 | 849 | 787 | 781 | 1,017 | 932 |
| Borrowings, current | 47.7% | 1,224 | 829 | 501 | 259 | 590 | 490 |
| Total current financial liabilities | 9% | 2,104 | 1,931 | 1,625 | 1,290 | 1,604 | 1,321 |
| Provisions, current | 40% | 22 | 16 | 21 | 17 | 12 | 8.76 |
| Current tax liabilities | - | - | 0.59 | 15 | 0 | 9.12 | 18 |
| Total current liabilities | 7% | 2,145 | 2,004 | 1,695 | 1,339 | 1,656 | 1,373 |
| Total liabilities | - | - | 2,853 | - | - | - | - |
| Total liabilities | - | - | 2,853 | - | - | - | - |
| Total liabilities | 9.6% | 3,128 | 2,853 | 2,482 | 2,120 | 2,673 | 2,306 |
| Equity share capital | 0% | 36 | 36 | 36 | 36 | 33 | 32 |
| Total equity | 1.6% | 3,058 | 3,010 | 2,915 | 2,673 | 1,544 | 1,325 |
| Total equity and liabilities | 5.5% | 6,186 | 5,863 | 5,397 | 4,792 | 4,217 | 3,631 |
| - |
| 0 |
| 0 |
| 0 |
| -0.92 |
| - |
| - |
| Income taxes paid (refund) | -5.4% | 124 | 131 | 67 | 46 | - | - |
| Other inflows (outflows) of cash | 30.8% | -14.15 | -20.89 | 0 | 0 | - | - |
| Net Cashflows From Operating Activities | -84.7% | 101 | 653 | 778 | 39 | - | - |
| Cashflows used in obtaining control of subsidiaries | -84.3% | 37 | 231 | 0 | 0 | - | - |
| Proceeds from sales of PPE | 439.7% | 8.34 | 2.36 | 1.84 | 0.44 | - | - |
| Purchase of property, plant and equipment | 34.6% | 744 | 553 | 355 | 299 | - | - |
| Proceeds from sales of investment property | - | 314 | 0 | 0 | 0 | - | - |
| Purchase of investment property | - | 150 | 0 | 0 | 0 | - | - |
| Interest received | -145.7% | -2.34 | 8.31 | 0.99 | 1.07 | - | - |
| Other inflows (outflows) of cash | 62.2% | -34.09 | -91.9 | 55 | -56.12 | - | - |
| Net Cashflows From Investing Activities | 19.6% | -754.69 | -938.9 | -297.27 | -353.48 | - | - |
| Proceeds from issuing shares | - | 0 | 0 | 0 | 1.81 | - | - |
| Proceeds from issuing other equity instruments | -99% | 12 | 1,049 | 24 | 0 | - | - |
| Proceeds from borrowings | 55.8% | 442 | 284 | 233 | 643 | - | - |
| Repayments of borrowings | -134.9% | -249.7 | 719 | 323 | 266 | - | - |
| Payments of lease liabilities | 92.3% | 26 | 14 | 7.33 | 0.51 | - | - |
| Dividends paid | 52.2% | 36 | 24 | 27 | 4.8 | - | - |
| Interest paid | 2.2% | 139 | 136 | 109 | 94 | - | - |
| Other inflows (outflows) of cash | 97.3% | 0 | -36.27 | -261.72 | 0 | - | - |
| Net Cashflows from Financing Activities | 24.3% | 502 | 404 | -470.57 | 279 | - | - |
| Net change in cash and cash eq. | -230.5% | -151.66 | 118 | 9.92 | -35.56 | - | - |
Analysis of ramkrishna forgings's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2024
| Description | Share | Value |
|---|---|---|
| Forging Components | 100.0% | 1.1 kCr |
| Total | 1.1 kCr |