Ramkrishna Forgings Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 29, 2025, 12:30 pm

Market Cap	12,110 Cr.
Current Price	669
High / Low	1,064/553
Stock P/E	36.5
Book Value	168
Dividend Yield	0.30 %
ROCE	6.93 %
ROE	11.6 %
Face Value	2.00
PEG Ratio	0.47

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Ramkrishna Forgings Ltd

Competitors of Ramkrishna Forgings Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Happy Forgings Ltd	9,132 Cr.	969	1,300/716	34.2	196	0.41 %	19.2 %	15.5 %	2.00
EL Forge Ltd	44.8 Cr.	22.1	44.4/18.0	20.8	12.2	0.00 %	11.2 %	9.14 %	10.0
CIE Automotive India Ltd	17,119 Cr.	451	628/357	21.5	173	1.55 %	16.6 %	13.2 %	10.0
Amforge Industries Ltd	13.2 Cr.	9.14	15.5/7.26	28.0	9.12	0.00 %	6.46 %	3.64 %	2.00
Tirupati Forge Ltd	552 Cr.	46.6	72.9/21.3	70.2	9.05	0.00 %	12.4 %	10.0 %	2.00
Industry Average	11,436.33 Cr	335.48		83.88	154.11	0.31%	9.68%	9.63%	5.86

All Competitor Stocks of Ramkrishna Forgings Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	601	719	699	824	777	892	892	899	996	1,023	959	1,054	1,074
Expenses	460	571	549	649	604	698	700	699	776	806	756	821	842
Operating Profit	141	148	150	175	173	194	192	200	220	217	204	232	231
OPM %	24%	21%	21%	21%	22%	22%	22%	22%	22%	21%	21%	22%	22%
Other Income	1	0	1	1	1	2	5	7	4	19	11	84	4
Interest	27	27	26	29	31	34	36	38	39	36	36	39	42
Depreciation	45	46	47	50	49	56	57	61	68	72	62	60	64
Profit before tax	71	75	77	98	94	106	104	109	117	128	115	218	129
Tax %	36%	-12%	33%	31%	35%	36%	24%	24%	25%	27%	30%	13%	23%
Net Profit	45	84	51	67	61	68	79	82	87	94	81	190	100
EPS in Rs	2.83	5.24	3.21	4.20	3.81	4.28	4.91	5.00	4.80	5.19	4.47	10.49	5.51

Last Updated: May 31, 2025, 7:59 am

Below is a detailed analysis of the quarterly data for Ramkrishna Forgings Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,074.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,054.00 Cr. (Sep 2024) to 1,074.00 Cr., marking an increase of 20.00 Cr..
For Expenses, as of Dec 2024, the value is 842.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 821.00 Cr. (Sep 2024) to 842.00 Cr., marking an increase of 21.00 Cr..
For Operating Profit, as of Dec 2024, the value is 231.00 Cr.. The value appears to be declining and may need further review. It has decreased from 232.00 Cr. (Sep 2024) to 231.00 Cr., marking a decrease of 1.00 Cr..
For OPM %, as of Dec 2024, the value is 22.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 22.00%.
For Other Income, as of Dec 2024, the value is 4.00 Cr.. The value appears to be declining and may need further review. It has decreased from 84.00 Cr. (Sep 2024) to 4.00 Cr., marking a decrease of 80.00 Cr..
For Interest, as of Dec 2024, the value is 42.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 39.00 Cr. (Sep 2024) to 42.00 Cr., marking an increase of 3.00 Cr..
For Depreciation, as of Dec 2024, the value is 64.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 60.00 Cr. (Sep 2024) to 64.00 Cr., marking an increase of 4.00 Cr..
For Profit before tax, as of Dec 2024, the value is 129.00 Cr.. The value appears to be declining and may need further review. It has decreased from 218.00 Cr. (Sep 2024) to 129.00 Cr., marking a decrease of 89.00 Cr..
For Tax %, as of Dec 2024, the value is 23.00%. The value appears to be increasing, which may not be favorable. It has increased from 13.00% (Sep 2024) to 23.00%, marking an increase of 10.00%.
For Net Profit, as of Dec 2024, the value is 100.00 Cr.. The value appears to be declining and may need further review. It has decreased from 190.00 Cr. (Sep 2024) to 100.00 Cr., marking a decrease of 90.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 5.51. The value appears to be declining and may need further review. It has decreased from 10.49 (Sep 2024) to 5.51, marking a decrease of 4.98.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 4:20 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	434	754	908	921	1,491	1,931	1,216	1,289	2,320	3,193	3,955	4,034
Expenses	374	623	727	758	1,202	1,545	1,008	1,065	1,802	2,499	3,113	3,476
Operating Profit	60	131	181	163	289	386	209	224	518	694	842	558
OPM %	14%	17%	20%	18%	19%	20%	17%	17%	22%	22%	21%	14%
Other Income	1	12	2	7	4	3	6	5	1	4	29	110
Interest	23	32	55	78	73	84	80	81	97	122	154	166
Depreciation	25	32	53	75	85	121	121	117	169	202	258	271
Profit before tax	13	79	75	17	135	184	15	32	253	374	459	231
Tax %	35%	5%	27%	33%	30%	35%	34%	35%	22%	34%	26%	-80%
Net Profit	8	75	55	11	95	120	10	21	198	248	341	415
EPS in Rs	0.65	5.49	3.81	0.78	5.82	7.36	0.59	1.29	12.36	15.52	18.89	22.91
Dividend Payout %	31%	7%	11%	26%	3%	4%	0%	0%	14%	13%	11%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	837.50%	-26.67%	-80.00%	763.64%	26.32%	-91.67%	110.00%	842.86%	25.25%	37.50%	21.70%
Change in YoY Net Profit Growth (%)	0.00%	-864.17%	-53.33%	843.64%	-737.32%	-117.98%	201.67%	732.86%	-817.60%	12.25%	-15.80%

Ramkrishna Forgings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	18%
5 Years:	27%
3 Years:	20%
TTM:	2%

Compounded Profit Growth
10 Years:	17%
5 Years:	102%
3 Years:	19%
TTM:	-3%

Stock Price CAGR
10 Years:	18%
5 Years:	83%
3 Years:	60%
1 Year:	-25%

Return on Equity
10 Years:	13%
5 Years:	14%
3 Years:	15%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:28 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	26	27	29	29	33	33	33	32	32	32	36	36
Reserves	296	383	442	440	726	840	843	851	1,046	1,290	2,648	3,001
Borrowings	511	735	882	957	845	912	993	1,233	1,618	1,333	1,207	2,126
Other Liabilities	197	297	332	433	452	417	361	587	785	1,076	1,422	1,393
Total Liabilities	1,031	1,442	1,685	1,858	2,056	2,201	2,230	2,703	3,481	3,731	5,312	6,557
Fixed Assets	242	532	947	1,024	1,076	1,114	1,175	1,240	1,473	1,693	2,428	2,992
CWIP	347	316	35	50	44	130	219	276	129	91	216	498
Investments	0	0	0	0	0	0	0	0	55	0	125	190
Other Assets	441	594	702	783	936	957	836	1,187	1,823	1,947	2,543	2,878
Total Assets	1,031	1,442	1,685	1,858	2,056	2,201	2,230	2,703	3,481	3,731	5,312	6,557

Below is a detailed analysis of the balance sheet data for Ramkrishna Forgings Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 36.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 36.00 Cr..
For Reserves, as of Mar 2025, the value is 3,001.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,648.00 Cr. (Mar 2024) to 3,001.00 Cr., marking an increase of 353.00 Cr..
For Borrowings, as of Mar 2025, the value is 2,126.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 1,207.00 Cr. (Mar 2024) to 2,126.00 Cr., marking an increase of 919.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,393.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,422.00 Cr. (Mar 2024) to 1,393.00 Cr., marking a decrease of 29.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 6,557.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,312.00 Cr. (Mar 2024) to 6,557.00 Cr., marking an increase of 1,245.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 2,992.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,428.00 Cr. (Mar 2024) to 2,992.00 Cr., marking an increase of 564.00 Cr..
For CWIP, as of Mar 2025, the value is 498.00 Cr.. The value appears strong and on an upward trend. It has increased from 216.00 Cr. (Mar 2024) to 498.00 Cr., marking an increase of 282.00 Cr..
For Investments, as of Mar 2025, the value is 190.00 Cr.. The value appears strong and on an upward trend. It has increased from 125.00 Cr. (Mar 2024) to 190.00 Cr., marking an increase of 65.00 Cr..
For Other Assets, as of Mar 2025, the value is 2,878.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,543.00 Cr. (Mar 2024) to 2,878.00 Cr., marking an increase of 335.00 Cr..
For Total Assets, as of Mar 2025, the value is 6,557.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,312.00 Cr. (Mar 2024) to 6,557.00 Cr., marking an increase of 1,245.00 Cr..

Notably, the Reserves (3,001.00 Cr.) exceed the Borrowings (2,126.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	20	44	104	144	127	267	254	140	43	745	621	33
Cash from Investing Activity +	-287	-272	-169	-107	-110	-254	-231	-222	-354	-299	-1,117	-912
Cash from Financing Activity +	279	214	67	-37	-17	-12	-22	147	280	-438	625	722
Net Cash Flow	11	-14	1	-1	0	1	1	65	-31	8	129	-157

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-451.00	-604.00	-701.00	-794.00	-556.00	-526.00	-784.00	223.00	517.00	693.00	841.00	556.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	79	114	145	136	176	126	96	103	161	140	89	78
Inventory Days	261	252	169	206	227	153	131	260	247	251	228	223
Days Payable	101	184	150	164	298	154	110	155	246	215	199	205
Cash Conversion Cycle	239	182	164	178	105	125	117	208	162	176	118	96
Working Capital Days	138	119	123	125	114	105	89	120	138	160	102	89
ROCE %		5%	11%	10%	7%	14%	16%	5%	6%	15%	19%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	46.02%	46.04%	46.24%	46.24%	46.27%	46.27%	46.27%	46.27%	47.41%	43.15%	43.17%	43.17%
FIIs	17.19%	14.54%	13.51%	13.56%	14.52%	14.00%	14.80%	16.34%	18.13%	23.59%	24.54%	23.76%
DIIs	5.39%	6.89%	5.37%	4.93%	4.54%	4.71%	4.76%	4.20%	3.74%	3.62%	3.69%	4.27%
Public	31.14%	32.28%	34.69%	35.11%	34.52%	34.88%	34.02%	33.05%	30.62%	29.58%	28.53%	28.72%
Others	0.26%	0.24%	0.20%	0.17%	0.16%	0.15%	0.15%	0.13%	0.10%	0.08%	0.08%	0.08%
No. of Shareholders	13,332	29,644	43,772	56,638	61,906	58,682	60,137	66,242	83,358	85,637	83,396	96,223

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	22.95	20.27	15.52	12.43	6.44
Diluted EPS (Rs.)	22.95	20.09	15.43	12.43	6.44
Cash EPS (Rs.)	37.97	33.17	28.13	22.98	43.02
Book Value[Excl.RevalReserv]/Share (Rs.)	167.78	148.48	82.67	67.45	276.39
Book Value[Incl.RevalReserv]/Share (Rs.)	167.78	148.48	82.67	67.45	276.39
Revenue From Operations / Share (Rs.)	222.84	218.77	199.69	145.12	403.64
PBDIT / Share (Rs.)	32.37	48.07	43.55	32.43	71.49
PBIT / Share (Rs.)	17.38	33.82	30.94	21.83	34.95
PBT / Share (Rs.)	8.22	25.43	23.42	15.84	9.94
Net Profit / Share (Rs.)	22.99	18.93	15.52	12.39	6.47
NP After MI And SOA / Share (Rs.)	22.93	18.89	15.52	12.39	6.47
PBDIT Margin (%)	14.52	21.97	21.80	22.34	17.71
PBIT Margin (%)	7.79	15.45	15.49	15.04	8.65
PBT Margin (%)	3.68	11.62	11.72	10.91	2.46
Net Profit Margin (%)	10.31	8.65	7.77	8.53	1.60
NP After MI And SOA Margin (%)	10.28	8.63	7.77	8.53	1.60
Return on Networth / Equity (%)	13.66	12.72	18.77	18.36	2.34
Return on Capital Employeed (%)	7.34	16.28	21.88	16.93	6.80
Return On Assets (%)	6.32	6.43	6.65	5.68	0.76
Long Term Debt / Equity (X)	0.35	0.28	0.57	0.80	0.75
Total Debt / Equity (X)	0.66	0.41	0.98	1.48	1.29
Asset Turnover Ratio (%)	0.67	0.87	0.88	0.74	0.52
Current Ratio (X)	1.10	1.53	1.26	1.27	1.08
Quick Ratio (X)	0.55	0.81	0.64	0.77	0.67
Inventory Turnover Ratio (X)	1.77	1.87	1.98	2.18	1.63
Dividend Payout Ratio (NP) (%)	0.00	7.15	10.95	2.42	0.00
Dividend Payout Ratio (CP) (%)	0.00	4.08	6.04	1.30	0.00
Earning Retention Ratio (%)	0.00	92.85	89.05	97.58	0.00
Cash Earning Retention Ratio (%)	0.00	95.92	93.96	98.70	0.00
Interest Coverage Ratio (X)	3.53	5.73	5.79	5.41	2.86
Interest Coverage Ratio (Post Tax) (X)	3.01	3.26	3.06	3.06	1.26
Enterprise Value (Cr.)	15976.29	13433.86	5836.86	4070.96	2736.18
EV / Net Operating Revenue (X)	3.96	3.40	1.83	1.75	2.12
EV / EBITDA (X)	27.27	15.46	8.38	7.85	11.99
MarketCap / Net Operating Revenue (X)	3.47	3.16	1.43	1.09	1.30
Retention Ratios (%)	0.00	92.84	89.04	97.57	0.00
Price / BV (X)	4.60	4.65	3.46	2.34	1.89
Price / Net Operating Revenue (X)	3.47	3.16	1.43	1.09	1.30
EarningsYield	0.02	0.02	0.05	0.07	0.01

After reviewing the key financial ratios for Ramkrishna Forgings Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 22.95. This value is within the healthy range. It has increased from 20.27 (Mar 24) to 22.95, marking an increase of 2.68.
For Diluted EPS (Rs.), as of Mar 25, the value is 22.95. This value is within the healthy range. It has increased from 20.09 (Mar 24) to 22.95, marking an increase of 2.86.
For Cash EPS (Rs.), as of Mar 25, the value is 37.97. This value is within the healthy range. It has increased from 33.17 (Mar 24) to 37.97, marking an increase of 4.80.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 167.78. It has increased from 148.48 (Mar 24) to 167.78, marking an increase of 19.30.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 167.78. It has increased from 148.48 (Mar 24) to 167.78, marking an increase of 19.30.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 222.84. It has increased from 218.77 (Mar 24) to 222.84, marking an increase of 4.07.
For PBDIT / Share (Rs.), as of Mar 25, the value is 32.37. This value is within the healthy range. It has decreased from 48.07 (Mar 24) to 32.37, marking a decrease of 15.70.
For PBIT / Share (Rs.), as of Mar 25, the value is 17.38. This value is within the healthy range. It has decreased from 33.82 (Mar 24) to 17.38, marking a decrease of 16.44.
For PBT / Share (Rs.), as of Mar 25, the value is 8.22. This value is within the healthy range. It has decreased from 25.43 (Mar 24) to 8.22, marking a decrease of 17.21.
For Net Profit / Share (Rs.), as of Mar 25, the value is 22.99. This value is within the healthy range. It has increased from 18.93 (Mar 24) to 22.99, marking an increase of 4.06.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 22.93. This value is within the healthy range. It has increased from 18.89 (Mar 24) to 22.93, marking an increase of 4.04.
For PBDIT Margin (%), as of Mar 25, the value is 14.52. This value is within the healthy range. It has decreased from 21.97 (Mar 24) to 14.52, marking a decrease of 7.45.
For PBIT Margin (%), as of Mar 25, the value is 7.79. This value is below the healthy minimum of 10. It has decreased from 15.45 (Mar 24) to 7.79, marking a decrease of 7.66.
For PBT Margin (%), as of Mar 25, the value is 3.68. This value is below the healthy minimum of 10. It has decreased from 11.62 (Mar 24) to 3.68, marking a decrease of 7.94.
For Net Profit Margin (%), as of Mar 25, the value is 10.31. This value exceeds the healthy maximum of 10. It has increased from 8.65 (Mar 24) to 10.31, marking an increase of 1.66.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 10.28. This value is within the healthy range. It has increased from 8.63 (Mar 24) to 10.28, marking an increase of 1.65.
For Return on Networth / Equity (%), as of Mar 25, the value is 13.66. This value is below the healthy minimum of 15. It has increased from 12.72 (Mar 24) to 13.66, marking an increase of 0.94.
For Return on Capital Employeed (%), as of Mar 25, the value is 7.34. This value is below the healthy minimum of 10. It has decreased from 16.28 (Mar 24) to 7.34, marking a decrease of 8.94.
For Return On Assets (%), as of Mar 25, the value is 6.32. This value is within the healthy range. It has decreased from 6.43 (Mar 24) to 6.32, marking a decrease of 0.11.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.35. This value is within the healthy range. It has increased from 0.28 (Mar 24) to 0.35, marking an increase of 0.07.
For Total Debt / Equity (X), as of Mar 25, the value is 0.66. This value is within the healthy range. It has increased from 0.41 (Mar 24) to 0.66, marking an increase of 0.25.
For Asset Turnover Ratio (%), as of Mar 25, the value is 0.67. It has decreased from 0.87 (Mar 24) to 0.67, marking a decrease of 0.20.
For Current Ratio (X), as of Mar 25, the value is 1.10. This value is below the healthy minimum of 1.5. It has decreased from 1.53 (Mar 24) to 1.10, marking a decrease of 0.43.
For Quick Ratio (X), as of Mar 25, the value is 0.55. This value is below the healthy minimum of 1. It has decreased from 0.81 (Mar 24) to 0.55, marking a decrease of 0.26.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.77. This value is below the healthy minimum of 4. It has decreased from 1.87 (Mar 24) to 1.77, marking a decrease of 0.10.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 7.15 (Mar 24) to 0.00, marking a decrease of 7.15.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 4.08 (Mar 24) to 0.00, marking a decrease of 4.08.
For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 92.85 (Mar 24) to 0.00, marking a decrease of 92.85.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 95.92 (Mar 24) to 0.00, marking a decrease of 95.92.
For Interest Coverage Ratio (X), as of Mar 25, the value is 3.53. This value is within the healthy range. It has decreased from 5.73 (Mar 24) to 3.53, marking a decrease of 2.20.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.01. This value is within the healthy range. It has decreased from 3.26 (Mar 24) to 3.01, marking a decrease of 0.25.
For Enterprise Value (Cr.), as of Mar 25, the value is 15,976.29. It has increased from 13,433.86 (Mar 24) to 15,976.29, marking an increase of 2,542.43.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 3.96. This value exceeds the healthy maximum of 3. It has increased from 3.40 (Mar 24) to 3.96, marking an increase of 0.56.
For EV / EBITDA (X), as of Mar 25, the value is 27.27. This value exceeds the healthy maximum of 15. It has increased from 15.46 (Mar 24) to 27.27, marking an increase of 11.81.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 3.47. This value exceeds the healthy maximum of 3. It has increased from 3.16 (Mar 24) to 3.47, marking an increase of 0.31.
For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 92.84 (Mar 24) to 0.00, marking a decrease of 92.84.
For Price / BV (X), as of Mar 25, the value is 4.60. This value exceeds the healthy maximum of 3. It has decreased from 4.65 (Mar 24) to 4.60, marking a decrease of 0.05.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 3.47. This value exceeds the healthy maximum of 3. It has increased from 3.16 (Mar 24) to 3.47, marking an increase of 0.31.
For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Ramkrishna Forgings Ltd as of June 29, 2025 is: 570.76

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 29, 2025, Ramkrishna Forgings Ltd is Overvalued by 14.68% compared to the current share price 669.00

Intrinsic Value of Ramkrishna Forgings Ltd as of June 29, 2025 is: 1,014.71

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 29, 2025, Ramkrishna Forgings Ltd is Undervalued by 51.68% compared to the current share price 669.00

Last 5 Year EPS CAGR: 77.78%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (252.75 cr) and profit (155.58 cr) over the years.	The stock has a low average ROCE of 10.58%, which may not be favorable. The stock has a high average Working Capital Days of 118.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 155.83, which may not be favorable. The company has higher borrowings (1,112.67) compared to reserves (1,067.17), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ramkrishna Forgings Ltd:
1. Net Profit Margin: 10.31%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7.34% (Industry Average ROCE: 9.68%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 13.66% (Industry Average ROE: 9.63%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.01
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.55
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 36.5 (Industry average Stock P/E: 83.88)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.66
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Ramkrishna Forgings Ltd. is a Public Limited Listed company incorporated on 12/11/1981 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L74210WB1981PLC034281 and registration number is 034281. Currently Company is involved in the business activities of Manufacture of other fabricated metal products; metalworking service activities. Company's Total Operating Revenue is Rs. 3634.30 Cr. and Equity Capital is Rs. 36.21 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Forgings	23, Circus Avenue, Kolkata West Bengal 700017	secretarial@ramkrishnaforgings.com http://www.ramkrishnaforgings.com

Management
Name	Position Held
Mr. Mahabir Prasad Jalan	Chairman Emeritus & Non Executive Director
Mr. Naresh Jalan	Managing Director
Mr. Lalit Kumar Khetan	WholeTime Director & CFO
Mr. Chaitanya Jalan	Whole Time Director
Mr. Milesh Gandhi	Whole Time Director
Ms. Rekha Shreeratan Bagry	Ind. Non-Executive Woman Director
Mr. Sanjay Kothri	Ind. Non-Executive Director
Mr. Amitabha Guha	Ind. Non-Executive Director
Mr. Sandipan Chakravortty	Ind. Non-Executive Director
Mr. Partha Sarathi Bhattacharyya	Ind. Non-Executive Director
Mr. Ranaveer Sinha	Ind. Non-Executive Director

FAQ

What is the intrinsic value of Ramkrishna Forgings Ltd?

Ramkrishna Forgings Ltd's intrinsic value (as of 29 June 2025) is 570.76 — 14.68% lower the current market price of 669.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 12,110 Cr. market cap, FY2025-2026 high/low of 1,064/553, reserves of 3,001 Cr, and liabilities of 6,557 Cr.

What is the Market Cap of Ramkrishna Forgings Ltd?

The Market Cap of Ramkrishna Forgings Ltd is 12,110 Cr..

What is the current Stock Price of Ramkrishna Forgings Ltd as on 29 June 2025?

The current stock price of Ramkrishna Forgings Ltd as on 29 June 2025 is 669.

What is the High / Low of Ramkrishna Forgings Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Ramkrishna Forgings Ltd stocks is ₹1,064/553.

What is the Stock P/E of Ramkrishna Forgings Ltd?

The Stock P/E of Ramkrishna Forgings Ltd is 36.5.

What is the Book Value of Ramkrishna Forgings Ltd?

The Book Value of Ramkrishna Forgings Ltd is 168.

What is the Dividend Yield of Ramkrishna Forgings Ltd?

The Dividend Yield of Ramkrishna Forgings Ltd is 0.30 %.

What is the ROCE of Ramkrishna Forgings Ltd?

The ROCE of Ramkrishna Forgings Ltd is 6.93 %.

What is the ROE of Ramkrishna Forgings Ltd?

The ROE of Ramkrishna Forgings Ltd is 11.6 %.

What is the Face Value of Ramkrishna Forgings Ltd?

The Face Value of Ramkrishna Forgings Ltd is 2.00.