Auto ancillary stock hits record high. Anand Rathi says 'Buy' post Q3
Ramkrishna Forgings Ltd rallied over 6% to hit a record high of 283 apiece on the BSE23-01-2023
23-01-2023
Small cap dividend paying stock could hit new 52-week-high post Q3. Buy?
A small-cap company with a market valuation of 4,253.06 Cr, Ramkrishna Forgings Ltd operates in the industrial industry.22-01-2023
Buy Ramkrishna Forgings target of Rs 329: Sharekhan
Sharekhan is bullish on Ramkrishna Forgings has recommended buy rating on the stock with a target price of Rs 329 in its research report dated January 20, 2023.21-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Extracts of Un-audited Financial Results of the Company for the Quarter and Nine Months ended 31 December, 2022 has been published in Business Standard (English), Business Line (English), Financial Express (English) and Aajkal (Bengali) on 21 January, 2023. We enclose herewith the copies of newspaper publications published in Business Standard (English), Business Line (English), Financial Express (English) and Aajkal (Bengali).21-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Further to our intimation dated 18 January, 2023 and pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Audio Link for the Q3 & 9M FY 2022-23 Results Conference Call with the Analysts/Investors on the Unaudited Financial Results (Standalone & Consolidated) for the Quarter and Nine Months ended 31 December, 2022 conducted through digital means on Friday, 20 January, 2023 at 16:30 Hours (I.S.T) is available on the website of the Company under the following link: https://www.ramkrishnaforgings.com/audio-video-recordings.html.21-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Statement On Deviation Or Variation In Utilisation Of Funds Raised - Regulation 32 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that there are no deviation(s) or variation(s) during the Quarter ended 31 December, 2022 in respect of the utilisation of the proceeds of the funds raised through Preferential Issue of 46,00,000 Warrants convertible into, or exchangeable for, one equity share of Rs. 2/- each of the Company within the period of 18 (eighteen months) to the Promoter of the Company and Non-Promoter Persons / Entity.20-01-2023
Q3FY23 Quarterly Result Announced for Ramkrishna Forgings Ltd.
Other industrial products company Ramkrishna Forgings announced Q3FY23 results: Q3FY23: Total income EBITDA at Rs 75,231 lakh, up +24% YoY EBITDA at Rs 16,628 lakh, up +19% YoY PAT Rs 5,757 lakhs, up +28% YoY Domestic Markets: In Q3FY23, sales volume was 20,842 MT, a YoY increase of 8.7%. In 9MFY23, sales volume was 62,099 MT, a YoY increase of 31.6% over 9MFY22 Revenue grew by 22.3% in Q3FY23 to Rs 41,911 lakh as compared to Q3FY22. Revenue grew by 52.4% YoY in 9MFY23 to Rs 125,462 lakh Realization per tonne improved by 8.8% to Rs 1.90 lakh per tonne in Q3FY23 as compared to Rs 1.75 lakh per tonne in Q3FY22 and improved by 11.3% to Rs 1.94 lakh per MT in 9MFY23 as against Rs 1.74 lakh per tonne in 9MFY22 Exports Markets In Q3FY23, sales volume was 12,548 MT, a YoY increase of 21.3% over Q3FY22. In 9MFY23, sales volume was 33,967 MT, a YoY increase of 4.5% over 9MFY22. Revenue grew by 25.9% in Q3FY23 to Rs 32,691 lakh, as compared to Q3FY22. Revenue grew by 16.8% YoY in 9MFY23 to Rs 89,539 lakh Realization per tonne improved by 7% to Rs 2.43 lakh per tonne in Q3FY23, as compared to Rs 2.27 per tonne in Q3FY22 and improved by 10.9% to Rs 2.46 lakh per tonne in 9MFY23 as against Rs 2.22 lakh per tonne in 9MFY22. Commenting on the results, Naresh Jalan, Managing Director, Ramkrishna Forgings Limited, said: “Our diverse and robust business model has led to a sustained growth momentum, primarily driven by our strategic decision to enhance product offering coupled with high customer demand. These efforts have enabled us to achieve a 24% increase in operating revenues year-over-year. Our global geographical outreach helped us to secure new orders and further strengthen the order book. In the first nine months of FY23, we won contracts worth Rs 77,470 lakh from 8 contracts spanning various geographies including North America & Europe. As of December 31, 2022, we have reduced our gross debt by 23% and it currently stands at Rs 1,28,689 lakh. We will continue to focus on reducing debt with the goal to become net debt-free by FY25. The commercial vehicle segment has seen steady growth following the festive season, due to high utilization of fleets resulting from increased economic and infrastructure activity. The momentum is expected to continue, and the overall commercial vehicle market is predicted to remain strong. Also, with the acquisition of Tsuyo & JMT Auto, we plan to expand and diversify our Company, resulting in increased scale and market reach. Our efforts are focused on customer-centric approach to offer advanced and value-added products across the globe and maintain our strong market share.” Result PDF20-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed herewith our Press Release titled 'Q3 & 9M FY23 Earnings Release'.20-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the copy of the Q3 & 9M FY23 Earnings Presentation of the Company for the Quarter and Nine Months ended 31 December, 2022.20-01-2023
RAMKRISHNA FORGINGS LTD. - 532527 - Announcement under Regulation 30 (LODR)-Change in Directorate
Please be informed that the Board of Directors at its meeting held today i.e. Friday, 20 January, 2023, has re-appointed Mr. Pawan Kumar Kedia (DIN: 00375557) as a Whole-time Director of the Company for a period of 1 year w.e.f 1 April, 2023, subject to the approval of the shareholders of the Company.20-01-2023