NSE: RKFORGE | BSE: 532527

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585.25 -10.25 (-1.72%)

New 52W Low today

581.4K NSE+BSE Volume

NSE 07 May, 2025 3:31 PM (IST)

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Ramkrishna Forgings Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RKFORGE, BSE:532527 Ramkrishna Forgings Ltd.

Ramkrishna Forgings Ltd.

28 May 2018

585.25

-1.72%

Ramkrishna Forgings - 4QFY18 Result Update

Buy: Ramkrishna Forgings Ltd.

Reliance Securities

Robust Performance; Double-digit Volume Growth to Drive Bottom-line Ramkrishna Forgings (RFL) has delivered a strong performance in 4QFY18, with its revenue growing by 57% YoY and 10% QoQ to Rs4.4bn led by 41% YoY and 8% QoQ growth in volume to 35,812tonne. While EBITDA surged by 97% YoY (+19% QoQ) to Rs917mn, EBIDTA margin...

Ramkrishna Forgings Ltd. has lost -38.30% in the last 6 Months

Ramkrishna Forgings Ltd.

02 Nov 2017

585.25

-1.72%

BP Equities Ramkrishna Forgings Ltd Q2FY18 Result

Hold: Ramkrishna Forgings Ltd.

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 -22.89% in the last 3 Months

Ramkrishna Forgings Ltd.

01 Nov 2017

585.25

-1.72%

RamkrishnaForge

Hold: Ramkrishna Forgings Ltd.

SPA Research

Ramkrishna Forgings Ltd. (RKFL) reported net sales of INR 3333 mn in 2Q FY18 (114.1% jump over INR 1557 mn YoY) and a PAT of INR 235 mn (loss of INR 50 mn YoY) on the back of pickup in both domestic export volume and improved realizations. EBITDAM has improved by 164.5 bps YoY despite delay in passing of increased RM cost to the clients. RM cost as % of sales increased by 1618 bps. Employee expenses as % of sales declined 564 bps YoY on the back of positive operating leverage. Results are largely in line with our estimates. At CMP of INR 748 the stock is trading at 8.4x its FY19E EBITDA. We recommend...

Ramkrishna Forgings Ltd. is trading below all available SMAs

Ramkrishna Forgings Ltd.

31 Oct 2017

585.25

-1.72%

Ramkrishna Forgings (2QFY18): Forging ahead. Maintain BUY

Buy: Ramkrishna Forgings Ltd.

Target

HDFC Securities

We maintain BUY with a TP of Rs 913, based on 9x Sept-19E EV/EBIDTA (vs 8x earlier), on the back of its strong earnings growth, better cash flows, and improving return ratios. Ramkrishna Forgings (RMKF) 2QFY18 results came in ahead of estimates, led by higher domestic volumes and improving operational efficiencies. RMKF has gained significant ground in the domestic CV market, by penetrating deeper into OEMs like Ashok Leyland and VECV, apart from being a strong supplier to Tata Motors. The North-American and European heavy truck market continues to be on the upswing. With new export orders to fructify soon, owing to the ease of capacity constraints, we expect share of exports to rise from 25% in FY17 to 36% by FY20E.

Ramkrishna Forgings .. has an average target of 1139.00 from 3 brokers.

Ramkrishna Forgings Ltd.

20 Sep 2017

585.25

-1.72%

RAMKRISHNA FORGINGS LTD

Buy: Ramkrishna Forgings Ltd.

Joindre Capital Services

RKFL manufactures products for automobile (sales contribution 60-70%) followed by railways (sales contribution 10%), defence, and mining sectors. RKFL has also forayed into agriculture equipments and power sector. It has 5 plants, out of which 1 is in Liluah, West Bengal and 4 are in Jamshedpur,...

Promoters unpledged 0.01% of shares in last quarter. Total pledge stands at 5.76% of promoter holdings

Ramkrishna Forgings Ltd.

15 Aug 2017

585.25

-1.72%

Ramkrishna Forgings (1QFY18): Scaling up to next level. Upgrade to BUY

Buy: Ramkrishna Forgings Ltd.

Recommendation Target

HDFC Securities

We upgrade to BUY with a TP of Rs 742, based on 8x Jun-19E EV/EBIDTAon the back of its strong earnings growth, improved cash flows, and improving return ratios. Ramkrishna Forgings (RMKF) 1QFY18 results came in ahead of estimates, owing to higher volumes and realisations, and better operational performance. 1QFY18 continued RMKFs trend of improving exports as in 4QFY17. In a weak domestic MHCV market, RMKF has shown good growth led by market share gains and had BS-4 components approved by the OEMs unlike its peers. RMKF is at an inflection point as it successfully scales up its heavy press forgings capacity (utilization currently at 50%) and adds new OEMs and products. This, we believe, will lend heft to its medium- to long-term growth trajectory.

Ramkrishna Forgings Ltd. has lost -22.89% in the last 3 Months

Ramkrishna Forgings Ltd.

20 May 2017

585.25

-1.72%

Ramkrishna Forgings (4QFY17): Hurdles ahead; bright prospects. Downgrade to NEUTRAL

Neutral: Ramkrishna Forgings Ltd.

Recommendation Target

HDFC Securities

Ramkrishna Forgings (RMKF) 4QFY17 EBITDA at Rs 564mn ( 31% YoY) came in above estimates, as revenue grew 28% YoY on better-than-expected domestic volumes ( 21% YoY) and improved net ASPs.

Ramkrishna Forgings Ltd. has lost -19.74% in the last 1 Month

Ramkrishna Forgings Ltd.

14 Feb 2017

585.25

-1.72%

Ramkrishna Forgings (3QFY17): Forging ahead. Maintain BUY

Buy: Ramkrishna Forgings Ltd.

Target

HDFC Securities

Ramkrishna Forgings (RMKF) 3QFY17 EBITDA at Rs 396mn ( 9% YoY) came in above estimates. Revenues grew by 7% YoY on better-than-expected domestic volumes ( 31% YoY) and a lower drop in net ASPs. EBIDTA improved by 8% YoY led by 30bps margin expansion.

Ramkrishna Forgings Ltd. has lost -22.89% in the last 3 Months

Is Ramkrishna Forgings Ltd. worth buying?

230 Votes:

Buy 83.91%

Sell 10.0%

Hold 6.09%

RESEARCH REPORTS

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