Ramkrishna Forgings Ltd.

NSE: RKFORGE | BSE: 532527 | ISIN: INE399G01023 | Industry: Castings & Forgings
| Falling Comet
606.8000 9.30 (1.56%)
NSE May 05, 2025 14:48 PM
Volume: 318.4K
 

606.80
1.56%
BP Wealth
RK forgings posted strong domestic volume with 23,112 tons posting growth of 106% driven by better growth in Key clients and market share gains for other suppliers as RK has been able to develop new components from newly commissioned press lines. The company has been fairly successful in ramping-up new press lines with volumes increasing to 11,902ton from 3768ton. These components have better margins than existing components as they are more complex and are less competitive. Domestic CV cycle is expected to continue to grow on account of recovery in key sector like road construction and mining which account bulk of CV consumption. Further due to structural reforms like ban on over loading and possible scarping of old vehicle(15 year old) are shifting industry towards higher tonnage vehicle (more towards 36Ton from 16Ton) which is expected to benefit forgings companies as more axles and drive components are needed....
Ramkrishna Forgings Ltd. has lost -16.79% in the last 1 Month
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