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Ramkrishna Forgings Ltd Performance

Today's Low
860.80
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Today's High
930.00
52 Wk Low
425.00
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52 Wk High
930.00


Open

871.2

Traded Value (Cr)

315.75

Prev. Close

899.1

Face Value

2

Volume

3511868

Ramkrishna Forgings Ltd Fundamentals

Market Cap
₹ 16206.21 Cr
P/E Ratio (TTM)
47.45
P/B Ratio
6.04
Debt to Equity
1.23
ROE
19.48
EPS (TTM)
18.89
Dividend Yield
0.22 %
Book Value
148.46

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Ramkrishna Forgings Ltd Financials

Ramkrishna Forgings Ltd Financials

Ramkrishna Forgings Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Nov 2023 Sep 2023
Promoters 43.17 % 43.15 % 43.14 % 47.41 %
FII 24.54 % 23.59 % 23.67 % 18.13 %
Retail 18.94 % 19.58 % 19.31 % 20.67 %
Others 11.88 % 12.18 % 11.89 % 11.03 %
Mutual Funds 1.47 % 1.50 % 1.99 % 2.76 %

Promoters

43.17%

FII

24.54%

Retail

18.94%

Others

11.88%

Mutual Funds

1.47%

Promoters

43.15%

FII

23.59%

Retail

19.58%

Others

12.18%

Mutual Funds

1.50%

Promoters

43.14%

FII

23.67%

Retail

19.31%

Others

11.89%

Mutual Funds

1.99%

Promoters

47.41%

FII

18.13%

Retail

20.67%

Others

11.03%

Mutual Funds

2.76%

Resistance and Support

₹896.63

PIVOT

resistance-arrow
Resistance
First Resistance₹932.467
Second Resistance₹965.833
Third Resistance₹1,001.667
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Support
First Support₹863.267
Second Support₹827.433
Third Support₹794.067

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day2,778,825949,49127.04
Week3,511,868838,16423.26
1 Month3,511,868338,13123.26
6 Months81,987,25937,299,50652.88

About Ramkrishna Forgings Ltd

Ramkrishna Forgings Limited presently has manufacturing facilities at Gamaria, Adityapur Industrial Area, Baliguma, Dugni at Saraikela, Jamshedpur in Jharkhand and at Liluah in West Bengal. The Company is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts. The company's products include forgings for railway coaches, wagons and locomotives; forgings for automobiles, mining and general engineering; forgings for valve bodies; transmission items; track links, master links and trade rollers; drop forgings from 1 kilogram to 125 kilograms, and forged and fabricated spares for railway wagons, coaches, diesel and steam locos, such as hanger, screw coupling, side frame key, shackle stone, guide, lower spring seats, draw gear assembly, snubber assy, block hangers, draw hook and drawbar. Ramkrishna Forgings Ltd was incorporated on November 12, 1981 as a private limited company with the name Ramkrishna Forgings Pvt Ltd. In the year 1984, the company commenced their production as a SSI unit. They started with the manufacturing of forging items for Railways. Over a period of time, the unit developed various other parts uses by Railway. In May 25, 1995, the company was converted into a public limited company and the name was changed to Ramkrishna Forgings Ltd. In the year 1997, the company undertook major expansion, whereby they increased their forging & die making capacity at Jamshedpur. Also, they purchased a unit at Liluah Industrial Area, Howrah, which had a machine shop for the rough machining of components. This acquisition helped the company to supply finished components to Railways & Body Builders directly from their Local unit. During the year 2004-05, the company installed two double acting ram type drop hammers of 6 ton and 3 ton capacity. They commissioned an up setter forging Machine line. Also, they installed a new ring rolling machine. Also, they set up a new CNC unit in close proximity to its existing unit at Jamshedpur and commenced commercial production. During the year 2008-09, the company augmented their Machining Facilities by procuring the CNC Gear Hobbing Machines, CNC Gear Shaving Machine and CNC Gear Shapping Machine from Mitsubishi Heavy Industries Ltd. They installed CNC Gear Hobbing Machines from Premier Ltd. Also, they further augmented the machining facilities by installation of 10 CNC Vertical Turingin Centres from Korea. During the year 2009-10, the company installed a press of 2,000 tons. During the year 2010-11, the company increased their billet cutting facilities by importing fully automatic horizontal bandsaw machine from Amada Machine Tools, Japan. They augmented their machining facilities by procuring CNC Gear Hobbing Machines from Mitsubishi Heavy Industries Ltd, Japan and Premier Ltd, High Performance CNC Turning Centers and CNC Vertical Machining Centers from Doosan, Korea. During the year, the company added 50 new products in the Turing section, 22 new products in the Gear section and 12 new products in HMC/ VMC section. In January 2011, the company increased the installed capacity of the forgings section by 3600 tons with the installation of Maxi-Press at its Plant I at Jamshedpur. During the year 2012-13, the Company acquired and subscribed to equity shares representing 72.82% of the Paid up Share Capital of Globe Forex and Travels Limited and resultant Globe Forex and Travels Limited became the subsidiary of Company effective from January 10, 2013. The Company installed a new 6 inch upsetter during the last quarter of 2014-15 which has enhanced the forgings capacity by around 8000 tons. It commissioned 3150 ton Pressline and 4500 ton Pressline on 21st July, 2014 which translates into 17500 MT of the Installed Capacity. It also commenced hot trails of 12500 ton pressline from 10th May, 2015. It further commissioned 6300 Pressline on 4th August, 2015 and 12500 ton Pressline on 21st December, 2015 and resultantly, the production capacity of the Company has increased by 80000 Tons by the Commissioning of all the Presslines. The Company had embarked upon a upon a Press Line Project to manufacture front axle beams, crankshafts, stub axles and connecting rods in 2014-15, which consists of 12500 Ton pressline imported from SMS, Gmbh, 6300 Ton pressline, 4500 Ton pressline and 3150 ton pressline. It also includes installation of state of the art Machining Centers and Heat Treatment facilities for supply of the machined Products. During the Financial Year 2017-18, the Company raised Rs 199.99 Crore through a Qualified Institutional Placement (QIP) for the purpose of capital expenditure for ongoing and future expansion of projects, acquisition, working capital, repayment of loans and for general corporate purposes. In addition, it issued and allotted 39,21,568 equity shares to Qualified Institutional Buyers at a price of Rs 510 each on 20th July 2017.

Managing Director

Naresh Jalan

Founded

1981

NSE Symbol

RKFORGE

Ramkrishna Forgings Ltd Management

NameDesignation
Mahabir Prasad JalanChairman & Exec. Director
Naresh JalanED / MD / Promoter
Chaitanya JalanWTD & Executive Director
Pawan Kumar KediaE D & Wholetime Director
Satyanarain AgarwalWhole-time Director
Lalit Kumar KhetanExecutive Director & CFO
Ramprasad SarafDirector
Padam Kumar KhaitanIndependent Director
Satish Kumar Mehta Director
Subhasis Majumder Nominee
Amitabha GuhaIndependent Director
Surendra Mohan Lakhotia Director
Ram Tawakya SinghIndependent Director
Y L MadanIndependent Director
Rajesh Mundhra Company Secretary
Partha S BhattacharyyaIndependent Director
Randhir KhandelwalDirector
SANDIPAN CHAKRAVORTTYIndependent Director
Ranaveer SinhaIndependent Director
Rekha Shreeratan BagryIndependent Director
R T Singh Additional Director
Sajjan Kumar NarediDirector
Ravi Lekhrajani Additional Director
Sanjay KothariIndependent Director
Laxminarayan JhavarAdditional Director

Events

Dividend Announcement for Ramkrishna Forgings Ltd - May 2, 2024

On May 2, 2024, shareholders are set to receive a dividend payout, with each share entitling its holder to a dividend of 50.0%. This dividend percentage reflect...

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Ramkrishna Forgings Ltd News

Ramkrishna Forgings allots 22,440 equity shares under ESOP
Ramkrishna Forgings receives credit ratings for bank facilities
From CRISIL
Ramkrishna Forgings to hold AGM
On 31 August 2024
Ramkrishna Forgings consolidated net profit rises 37.11% in the March 2024 quarter
Sales rise 14.76% to Rs 1023.26 crore
Board of Ramkrishna Forgings recommends Second Interim Dividend
Of Rs.1 per share
Ramkrishna Forgings to hold board meeting
On 2 May 2024
Ramkrishna Forgings strengthens its position in e-PV segment
Receives approval from USA's larges e-PV manufacturer for supply of power train components
RK Forge edges higher after bagging order for supplying Vande Bharat Trainset
Ramkrishna Forgings added 2.58% to Rs 706.95 after the company announced the receipt of order, valued at Rs 270 crore, for the supply of Vande Bharat Trainset from BHEL-TRSL consortium.
Ramkrishna Forgings wins Rs 270 cr order for Vande Bharat Train Set
Ramkrishna Forgings rises after securing order worth $220 million
Ramkrishna Forgings jumped 2.76% to Rs 768.00 after the company received $220 million contract to supply to light vehicle segment across North America.

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Ramkrishna Forgings Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Ramkrishna Forgings Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Ramkrishna Forgings Ltd's share price is ₹899.10 as of June 21, 2024 at 04:14 PM

Ramkrishna Forgings Ltd's P/E ratio is 47.45 times as of June 21, 2024 at 04:14 PM.

Ramkrishna Forgings Ltd's most recent financial reports indicate a price-to-book ratio of 6.04, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Ramkrishna Forgings Ltd's market is 16,206 Cr as on June 21, 2024 at 04:14 PM.

The current financial records of Ramkrishna Forgings Ltd show a 19.48% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

According to Ramkrishna Forgings Ltd's most recent financial filings, the company has a total asset value of Crores, which includes current and non-current assets such as inventory, cash, properties, and equipment.

The 52-week high/low price of a Ramkrishna Forgings Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Ramkrishna Forgings Ltd's 52-week high and low as of June 21, 2024 at 04:14 PM are ₹930 and ₹425 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Ramkrishna Forgings Ltd stands at 43.17%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 23.59% to 24.54%.