Moneycontrol PRO

Ramkrishna Forgings: Strong Q4 numbers, promising outlook, buy for long term

The outlook for both domestic and international markets is promising as demand continues to maintain its momentum. Further, new order wins from existing clients and acquisition of new clients boosted the financial performance

May 12, 2022 / 09:37 AM IST
Ramkrishna Forgings: Strong Q4 numbers, promising outlook, buy for long term

Ramkrishna Forgings | CMP: Rs 170.45 | The share price ended in the red on May 10. The firm received an order worth Rs 105 crore per annum. Ramkrishna Forgings has received a multi-year export order from a manufacturer of chassis systems and components primarily for trailers as well as for trucks and buses in the US, the company said in its release. Supplies are expected to commence from 2023, it said.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Ramkrishna Forgings (RMKF; CMP: Rs 165, M Cap: Rs 2,630 crore) has posted a strong set of Q4FY22 numbers. On a year-on-year (YoY) basis, revenue grew significantly and operating margin expanded on the back of operating leverage and a rich product mix. The outlook for both domestic and international markets is promising as demand continues to maintain its momentum. Further, new order wins from existing clients and acquisition of new clients boosted the financial performance. Also, the company’s valuations (9.4...

  • PRO Panorama

    Moneycontrol Pro Panorama | Move over bulls, bears are in control

    May 19, 2022 / 05:32 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Congress faces an acid test, Manappuram Finance’s losing sheen, ITC plays to its advantage, Start-up Street and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Losing faith

    May 7, 2022 / 10:05 AM IST

    Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers