Name: Latest research reports of Ramkrishna Forgings Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: Ramkrishna Forgings Ltd.
Rating: 5
Author: Reliance Securities

Ramkrishna Forgings Ltd.

NSE: RKFORGE | BSE: 532527 | ISIN: INE399G01023 | Industry: Castings & Forgings
| Falling Comet

657.3500 -29.65 (-4.32%)

NSE Apr 25, 2025 15:12 PM

38.22% Fall from 52W High

Volume: 795.0K

Ramkrishna Forgings Ltd.

18 Mar 2020

657.35

-4.32%

Ramkrishna Forgings - 3QFY20 Result Update

Buy: Ramkrishna Forgings Ltd.

Reliance Securities

M&HCVs; Volume Bottoming Out; Recovery Likely by mid-FY21E Led by significantly lower volume, Ramkrishna Forgings (RMKF) has delivered a highly disappointing performance in 3QFY20 with its PAT falling by 95% YoY to Rs17mn (vs. our estimate of Rs33mn). Its revenue declined by 49% YoY and 3% QoQ to Rs2.5bn (vs. our estimate of Rs2.8bn), while its volume declined by 50% YoY (+1% QoQ) to 18,730 tons owing to sharp decline in M&HCV; sales in the wake of higher axle load norm and ongoing economic slowdown. While EBITDA dropped by 55% YoY (+0.5% QoQ) to Rs475mn (slipping our estimate by 7.6%), EBIDTA margin contracted by 270bps YoY (+69bps QoQ) to 18.8% owing to 722bps YoY (+93bps QoQ)...

Ramkrishna Forgings Ltd. has lost -30.67% in the last 6 Months