Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. Company mission and vision is to be the most preferred supplier of forged, rolled, machined, fabricated and cast products for all end use industries like Railways, Automotive, Earth Moving, Mining, Farm Equipment, Oil & Gas
Company focus is on de-risking business from few customers or few segments or few geographical areas
They have succeeded quite well in last 4 years
Experienced promoters and established track record of the company
Promoters have 40 years of experience in forging industry
Fundamental Ratios, Cash, Loans, EBITDA,PAT margin, Shareholding pattern
PAT , ROE, ROCE, PAT margin showing improved profile
8x sales growth and 35x profit growth in 10 years
Stock price is also 20x in 10 years and its quite possible to become 2-3x in next 3 years with CAGR of 24-30% approximately
Debt to equity has come down considerably and now close to 1 while Debt to EBITDA also is planned to reduce to 1 by FY25
Cash conversion cycle has improved to 100 days and Working capital days has also improved
Topline and bottom-line has improved significantly in last 3 years and trajectory is expected to continue in similar fashion
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