RAMKRISHNA FORGINS chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 145.64
Dividend & Yield0.40₹ (0.25%)
Beta 1.11
Market capitalization 26.5B
Operating cash flow 430.57M
ESG Scores unknown

Company description

Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally. It operates in two segments, Forging Components and Others. The company offers crown wheels/ring gears; I beams, crankshafts, connecting rods, knuckles, diff cases, center wedges, steering arms, tie rod arms, pitman arms, stub axles, recondition taper stationary plates, spides/crosses, brake flanges, brackets, wheel hubs, yokes, front engine mounting arms, tooth products, hammer bars, track links, bearing caps, counterweights, and ring gear carriers; and pinions, front hubs, prop shafts, counter shafts, rear axle shafts, coupling flanges, engaging gears, CM gears, speed gears, and clutch collars. It also provides screw couplings, bolster suspensions, side frame keys, and draw gear assemblies, as well as tour and travel services. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and oil exploration, as well as for OEMs. Ramkrishna Forgings Limited was incorporated in 1981 and is headquartered in Kolkata, India.

Sector: Industrials - Industry: Tools & Accessories

Financial Ratios
Quick Ratio0.77
Working Capital0.52
Return On Equity0.18
Debt To Equity0.81
Fixed Asset Ratio0
Fixed Interest Cover3.63

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities -352.42M -608.41M 2.38B 1.8B
Total Cashflows From Investing Activities -2.54B -2.31B -2.22B -3.54B
Net Borrowings 745.85M 627.41M 2.4B 3.81B
Total Cash From Financing Activities -119.64M -224.05M 1.47B 2.8B
Change To Operating Activities 183.44M -218.77M 65.82M -42.81M
Issuance Of Stock 6.14M 340k 18.08M 18.08M
Net Income 1.2B 96.95M 206.68M 1.98B
Change In Cash 13.44M 5.37M 646.99M -311.72M
Effect Of Exchange Rate
Total Cash From Operating Activities 2.67B 2.54B 1.4B 430.57M
Depreciation 1.2B 1.2B 1.16B 1.69B
Change To Account Receivables -127.1M 1.75B -2.52B -3.14B
Other Cashflows From Financing Activities -839.03M -802.82M -802.76M -981.88M
Change To Netincome 830.53M 589.16M 822.24M 853.33M
Capital Expenditures -2.55B -2.28B -2.31B -3B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 1.84B 147.92M 317.42M 2.53B
Net Income 1.2B 96.95M 206.68M 1.98B
Selling General Administrative 1.06B 1.04B 982.15M 1.27B
Gross Profit 7.45B 5.15B 5.4B 10.07B
Ebit 2.63B 919.45M 1.07B 3.48B
Operating Income 2.63B 919.45M 1.07B 3.48B
Interest Expense -603.65M -614.51M -672.04M -958.98M
Income Tax Expense 636.16M 50.97M 110.74M 551.73M
Total Revenue 19.31B 12.16B 12.89B 23.2B
Cost Of Revenue 11.87B 7.02B 7.48B 13.13B
Total Other Income ExpenseNet -792.14M -771.53M -751.96M -944.38M
Net Income From Continuing Ops 1.2B 96.95M 206.68M 1.98B
Net Income Applicable To Common Shares 1.2B 96.95M 206.68M 1.98B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 13.28B 13.53B 18.22B 24.05B
Total Stockholder Equity 8.72B 8.76B 8.83B 10.78B
Other Current Liabilities 289.44M 418.49M 442.82M 822.64M
Total Assets 22B 22.29B 27.04B 34.84B
Common Stock 326.07M 326.08M 319.33M 319.78M
Other Current Assets 305.53M 357.05M 430.47M 1.1B
Retained Earnings 4.18B 4.21B 4.39B
Treasury Stock 416.89M 417.4M 436.37M 10.46B
Cash 21.09M 26.46M 673.45M 384.19M
Total Current Liabilities 7.93B 7.94B 10.66B 14.23B
Other Stockholder Equity 416.89M 417.4M 436.37M 10.46B
Property, Plant, and Equipment 12.37B 13.88B 15.1B 15.96B
Total Current Assets 9.03B 7.92B 11.54B 18.06B
Net Tangible Assets 8.66B 8.7B 8.77B 10.72B
Net Receivables 5.33B 3.81B 5.9B 8.94B
Accounts Payable 2.79B 2.14B 4.31B 6.08B


Insider Transactions

Here are the insider transactions of stock shares related to RAMKRISHNA FORGINS:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Riddhi Portfolio Pvt LtdAcquisition at price 2.16 per share.D2022-03-24Promoter30k
Riddhi Portfolio Pvt LtdAcquisition at price 2.20 per share.D2022-03-23Promoter3k
Riddhi Portfolio Pvt LtdAcquisition at price 2.22 per share.D2022-03-22Promoter55.06k
Jalan (Chaitanya)Acquisition at price 2.37 per share.D2022-03-14Promoter134.48k
Riddhi Portfolio Pvt LtdAcquisition at price 2.37 per share.D2022-03-14Promoter30.23M
Jalan (Chaitanya)Acquisition at price 10.90 per share.D2022-03-09Director16k
Riddhi Portfolio Pvt LtdAcquisition at price 10.25 per share.D2022-03-07Promoter7k
Khetan (Lalit Kumar)Acquisition at price 10.74 per share.D2022-03-02UNREPORTED1k
Riddhi Portfolio Pvt LtdAcquisition at price 10.75 per share.D2022-03-02Promoter2.5k
Riddhi Portfolio Pvt LtdAcquisition at price 10.44 per share.D2022-02-24Promoter2.5k
Riddhi Portfolio Pvt LtdAcquisition at price 11.23 per share.D2022-02-22Promoter11k
Kumar (krishna Jha)Other at price 5.39 per share.D2022-01-07UNREPORTED2.7k
Riddhi Portfolio Pvt LtdAcquisition at price 12.24 per share.D2021-11-30Promoter6.86M
Jalan (Naresh)Acquisition at price 13.54 per share.D2021-09-09Promoter5k
Khaitan (Bal Krishan)Other at price 5.45 per share.D2021-09-07UNREPORTED2.87k
Murthy (Chetan)Other at price 5.38 per share.D2021-08-19UNREPORTED4.35k
Riddhi Portfolio Pvt LtdAcquisition at price 12.44 per share.D2021-08-18Promoter6.5k
Bagarai (Rahul Kumar)Other at price 5.40 per share.D2021-08-05UNREPORTED2.5k
Gandhi (Milesh)Other at price 5.40 per share.D2021-08-05UNREPORTED4.47k
Kedia (Pawan Kumar)Other at price 5.40 per share.D2021-08-05Director7.39k
Khaitan (Bal Krishan)Other at price 5.40 per share.D2021-08-05UNREPORTED3.3k
Mundhra (Rajesh)Other at price 5.40 per share.D2021-08-05UNREPORTED5.68k
Banerjee (Suman)Other at price 5.37 per share.D2021-07-03UNREPORTED3.36k
Gandhi (Milesh)Sale at price 9.04 per share.D2021-05-26UNREPORTED1.36k
Riddhi Portfolio Pvt LtdAcquisition at price 8.74 per share.D2021-05-24Promoter6.87M
Eastern Credit Capital LtdD2021-04-21Promoter1.3M
Ramkrishna Rail and Infrastructure Pvt.LtdD2021-04-21Promoter1.3M
Jalan (Chaitanya)Acquisition at price 6.47 per share.D2020-12-15Promoter1k
Jalan (Chaitanya)Acquisition at price 4.83 per share.D2020-11-14UNREPORTED1.1k
Riddhi Portfolio Pvt LtdAcquisition at price 4.34 per share.D2020-09-28Promoter6.21M
Ramkrishna Forgings Employee Welfare TrustD2020-03-17Institution- Corporation4.5k
Jalan (Chaitanya)D2020-03-16Director (Executive)2.5k
Riddhi Portfolio Pvt LtdD2020-03-13Promoter5k
Jalan (Chaitanya)D2020-03-12Additonal Director2k
Riddhi Portfolio Pvt LtdD2020-03-12Promoter11.61k
Ramkrishna Forgings Employee Welfare TrustD2020-03-11Institution- Corporation3.5k
Jalan (Chaitanya)D2020-03-09Additonal Director1k
Jalan (Mahabir Prasad)D2020-03-09Executive Chairman5k
Ramkrishna Forgings Employee Welfare TrustD2020-03-09Institution- Corporation12.57k
Riddhi Portfolio Pvt LtdD2020-03-09Promoter4.97M
Jalan (Chaitanya)D2020-03-06Director (Executive)780
Ramkrishna Forgings Employee Welfare TrustD2020-03-06Institution- Corporation52k
Jalan (Chaitanya)D2020-03-03Director (Executive)1.36k
Riddhi Portfolio Pvt LtdD2019-02-13Promoter7.31k
Riddhi Portfolio Pvt LtdD2019-02-13Promoter357
Khaitan (Bal Krishan)D2019-01-07UNREPORTED2.52k
Gandhi (Milesh)D2018-12-10UNREPORTED3.36k
Riddhi Portfolio Pvt LtdD2018-11-07Promoter501
Ramkrishna Forgings Employee Welfare TrustD2018-11-03Institution- Corporation61.39k
Riddhi Portfolio Pvt LtdD2018-09-28Promoter6.48M
Riddhi Portfolio Pvt LtdD2018-09-17Promoter100k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to RAMKRISHNA FORGINS. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on RAMKRISHNA FORGINS

Here is the result of two systematic investment strategies applied to RAMKRISHNA FORGINS. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on RAMKRISHNA FORGINS

The following chart shows the equity curve of the two systematic investment strategies applied to RAMKRISHNA FORGINS:

RAMKRISHNA FORGINS automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -63.56% on the backtest period.

Performance at glance

Performance

-63.56 %

Latent gain

-2896.0 ₹

Invested capital

4556.0 ₹

Annualized return

-15.13 %
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Momentum strategy results on RAMKRISHNA FORGINS

This is the result of two momentum investment strategies applied to RAMKRISHNA FORGINS. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on RAMKRISHNA FORGINS

The following chart shows all the entries opened by the momentum investment system on RAMKRISHNA FORGINS:

RAMKRISHNA FORGINS momentum entries
  • The first momentum investment strategy would give -58.77% of return on RAMKRISHNA FORGINS. That represents -4969.55₹ of latent gain with 8455.55₹ of employed capital.
  • The second momentum investment strategy would give -56.58% of return on RAMKRISHNA FORGINS. That represents -2163.2₹ of latent gain with 3823.2₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

-58.77 %

Latent gain

-4969.55 ₹

Invested capital

8455.55 ₹

Annualized return

-30.95 %
Performance at glance (2Q Momentum)

Performance

-56.58 %

Latent gain

-2163.2 ₹

Invested capital

3823.2 ₹

Annualized return

-15.21 %

Momentum equity curve on RAMKRISHNA FORGINS

The following chart shows the equity curve of the two momentum strategies applied to RAMKRISHNA FORGINS:

RAMKRISHNA FORGINS momentum equity

Note: the dividends potentially given by RAMKRISHNA FORGINS are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on RAMKRISHNA FORGINS

The following chart shows the employed capital evolution of the two momentum strategies on RAMKRISHNA FORGINS since the beginning:

RAMKRISHNA FORGINS

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on RAMKRISHNA FORGINS

Buy the dip entry openings on RAMKRISHNA FORGINS

RAMKRISHNA FORGINS

The performance achieved by the robo-advisor on RAMKRISHNA FORGINS is -68.08%. That represents -1061.95$ of latent gain with 1559.95₹ of employed capital. The following chart shows RAMKRISHNA FORGINS stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of RAMKRISHNA FORGINS, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-68.08 %

Latent gain

-1061.95 ₹

Invested capital

1559.95 ₹

Annualized return

-30.95 %

Equity curve of the strategy applied to RAMKRISHNA FORGINS

The following chart shows the result of the investment strategy applied to RAMKRISHNA FORGINS:

RAMKRISHNA FORGINS

Note: the dividends potentially given by RAMKRISHNA FORGINS are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on RAMKRISHNA FORGINS

The following chart shows the employed capital evolution since the beginning of the investment strategy on RAMKRISHNA FORGINS:

RAMKRISHNA FORGINS

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on RAMKRISHNA FORGINS

In this section, I will compare the three previous investment strategies applied to RAMKRISHNA FORGINS.

Equity curve comparison on RAMKRISHNA FORGINS

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

RAMKRISHNA FORGINS investment strategy comparison

Employed capital comparison on RAMKRISHNA FORGINS

RAMKRISHNA FORGINS investment comparison

Performance comparison on RAMKRISHNA FORGINS

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -63.56% -2896.0₹ 4556.0₹ -15.13%
Momentum 1 quarter -58.77% -4969.55₹ 8455.55₹ -14.84%
Momentum 2 quarters -56.58% -2163.2₹ 3823.2₹ -15.21%
Non-directional -68.08% -1061.95₹ 1559.95₹ -30.95%
Annualized return comparison

Automatic investment

-15.13 %

Momentum 1Q

-15.21 %

Momentum 2Q

-15.21 %

Non-directional

-30.95 %

Correlated stocks

Here are the most positively and negatively correlated stocks with RAMKRISHNA FORGINS:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between RAMKRISHNA FORGINS and the other stocks. There may be false positives or some missing correlated stocks. If the price of RAMKRISHNA FORGINS does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name RAMKRISHNA FORGINS
Country India
City Kolkata
Address Ramkrishna Chambers
Phone 91 33 4082 0900
Website www.ramkrishnaforgings.com
FullTime employees
Industry Tools & Accessories
Sector Industrials
Exchange XNSE
Ticker RKFORGE.XNSE
Market

RAMKRISHNA FORGINS ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown