Latest news with #RamkrishnaForgings
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Business Standard
04-08-2025
- Business
- Business Standard
Ramkrishna Forgings rises 4% in trade despite posting mixed Q1 results
Ramkrishna Forgings shares rose 4 per cent in trade on Monday, August 4, 2025, logging an intra-day high at ₹588.4 per share on BSE. The buying on the counter came despite the company posting mixed Q1 results. At 10:44 AM, Ramkrishna Forgings' share price was up 1.66 per cent at ₹574.85 per share. In comparison, BSE Sensex was 0.26 per cent higher at 80,810.96. Ramkrishna Forgings Q1 results The company released its Q1 results on Friday, after market hours. In Q1, Ramkrishna Forgings net profit stood at ₹11.78 crore, year-on-year (Y-o-Y) from ₹54.73 crore a year ago, down 78 per cent. The company's revenue from operations grew 5.8 per cent to ₹1,015.25 crore from ₹959.48 crore a year ago. The Earnings before interest, tax, depreciation and amortisation (Ebitda) stood at ₹148.61 crore, as compared to ₹169 crore a year ago. Its Ebitda margin was at 14.6 per cent, as against 17.6 per cent. Ramkrishna Forgings management guidance Ramkrishna Forgings' management expects 15–20 per cent volume growth in FY26, supported by rising capacity utilisation across both forging and casting operations. The company remains confident of a strong H2FY26 as new capacities ramp up. Margins are likely to recover steadily each quarter, with standalone Ebitda margins guided to return to 21–22 per cent by FY26-end. However, on a consolidated basis, margins shall be relatively lower due to the inclusion of the casting business, which operates at 16–17 per cent Ebitda margins. On profitability, management expects a gradual recovery in coming quarters. Nuvama Institutional Equities has maintained 'Reduce' and cut the target price to ₹540 from ₹560. The brokerage believes original equipment manufacturers (OEMs) such as Daimler, Volvo, and Paccar, HCVs are likely to suffer a contraction of up to 19 per cent/15 per cent in North America/the EU in CY25 due to economic uncertainty, weak freight demand, and absence of pre-buying owing to uncertainty around EPA27 regulation. In comparison, India Medium and Heavy Commercial Vehicles' (MHCVs) growth shall be flat-to-positive in FY26, owing to a high base, increasing competition from railways, and reasonable utilisation levels of transporters.
Business Standard
01-08-2025
- Business
- Business Standard
Ramkrishna Forgings consolidated net profit declines 78.46% in the June 2025 quarter
Sales rise 5.81% to Rs 1015.26 crore Net profit of Ramkrishna Forgings declined 78.46% to Rs 11.79 crore in the quarter ended June 2025 as against Rs 54.73 crore during the previous quarter ended June 2024. Sales rose 5.81% to Rs 1015.26 crore in the quarter ended June 2025 as against Rs 959.48 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 1015.26959.48 6 OPM % 13.9817.58 - PBDT 96.99140.94 -31 PBT 17.3278.56 -78 NP 11.7954.73 -78
Time of India
01-07-2025
- Business
- Time of India
RamKrishna Forgings looks to start forged wheel production from Chennai plant in FY27
RamKrishna Forgings aims to foray into forged wheel manufacturing and is in process setting up a manufacturing plant at Chennai having an annual capacity to produce 228,000 forged wheels per annum, according to a senior company official. The company's Managing Director Naresh Jalan in an interaction with PTI said the company is in process setting up the manufacturing plant in Chennai and the total project cost is estimated at Rs 2,000 crore, which is being funded through a mix of debt and equity. "We expect to start with about 40,000 wheels by FY27 and scale up to 1,00,000 by FY28. If all goes as planned, this single vertical could generate multi crore annual revenues, making it one of the company's most significant growth engines," he told PTI. Ramkrishna Forgings & Titagarh Rail Systems Consortium had earlier received a Letter of Award (LOA) for manufacturing and supplying forged wheels for the Indian Railways. Ramkrishna Forgings holds a 51 per cent stake in the Joint Venture and is the lead partner in this railway contract. This foray builds on the company's long-standing partnership with Indian Railways, where it has already expanded from fabrication to the complete assembly of undercarriages, Jalan said. Another area where the company will be entering is undercarriage, he said, adding "we have received first orders from Indian Railways to supply them prototypes for assembled undercarriage". The first supplies of fully assembled undercarriage systems are expected to begin in July, with revenues from this segment projected to touch Rs 250 crore -300 crore over the next two years. Together, these developments mark a clear pivot toward more integrated and value-added offerings, he said. Ramkrishna Forgings is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel, and stainless steel forgings . In FY25, the company had reported a revenue of Rs 4,034 crore, while profit after tax (PAT) was at Rs 331.55 crore.
Time of India
01-07-2025
- Business
- Time of India
RamKrishna Forgings looks to start forged wheel production from Chennai plant in FY27
Synopsis Ramkrishna Forgings is venturing into forged wheel manufacturing with a new plant in Chennai, targeting an annual capacity of 228,000 wheels. With an estimated project cost of Rs 2,000 crore, the company anticipates significant revenue generation from this vertical, complemented by initial orders for assembled undercarriages from Indian Railways, projecting revenues of Rs 250-300 crore in two years.
Mint
25-06-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 25 June
On Tuesday, the Nifty 50 rose 0.29%, driven by easing geopolitical tensions after the US announced a ceasefire between Iran and Israel. This development led to a sharp decrease in crude oil prices, boosting investor sentiment, especially in oil-dependent sectors such as airlines and oil marketing companies. Mid- and small-cap stocks also performed well, and the India VIX declined, indicating reduced market volatility. Two stock recommendations by MarketSmith India: Ramkrishna Forgings (current price: ₹646.15) Why it's recommended: Consistent revenue growth, diversification and capacity expansion, healthy orderbook, and margin expansion. Key metrics: P/E: 35.46 | 52-week high: ₹1,064 | Volume: ₹122 crore Technical analysis: Downward sloping trendline breakout, 50-DMA retake. Risk factors: Working capital and debt, trade tariffs and regulations, input cost risk. Buy at: ₹646 Target price: ₹750 in two to three months Stop loss: ₹598 Also Read: A little-known stock that quietly delivered 15,000% returns—and still has room to run KRN Heat Exchanger and Refrigeration (current price: ₹848.25) Why it's recommended: Robust financial momentum, capacity expansion and new product segment, export expansion, R&D focus. Key metrics: P/E: 86.56 | 52-week high: ₹1,012 | Volume: ₹185 crore Technical analysis: Downward sloping trendline breakout, 100-DMA retake Risk factors: Customer concentration and contract risk, raw material procurement risk, execution risk, and governance risk. Buy at: ₹848 Target price: ₹970 in two to three months Stop loss: ₹794 How Nifty 50 performed on 24 June On Tuesday, the index opened positively and maintained a bullish trajectory throughout the session. It surged past 25,300 in the first half, but profit-taking in the latter half trimmed gains, resulting in a moderate 0.29% rise to close at 25,044. The index maintained a 'higher-high and higher-low' price structure on the daily chart, indicating upward momentum. All the major sectoral and broader-market indices closed flat to positive, with major gains from Banking/Financials, Metals, Auto, and Energy. Market breadth remained favourable, with the advance‑decline ratio concluding at approximately 2:1 in favour of advancing stocks. Technically, the index remains above all its key moving averages across multiple time frames. However, it once again failed to sustain above the immediate resistance level of 25,200 and settled at 25,044. For the past five weeks, the Nifty 50 has been oscillating within a well-defined rectangular range of 24,500-25,200. Momentum indicators reflect a lack of strong directional bias. At the same time, the RSI remains flat around 57 and the MACD continues to stay in a negative crossover, suggesting an ongoing phase of consolidation. Also Read: Back on the bourses: Will Indosolar be the next 10x solar bet? According to O'Neil's methodology of market direction, the Nifty has reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of 11 June 2024. Nifty 50 surged past 25,300 intraday, driven by easing geopolitical tension, weaker oil prices, and global cues. However, it couldn't sustain the gains beyond 25,200, ultimately closing just above 25,000 with a bullish tilt. Looking ahead, a firm close above 25,200 could catalyze a bullish breakout toward 25,700–25,800. However, if the index fails to cross and hold this threshold again, it is likely to remain trading in the range-bound zone of 25,200-24,500. How Nifty Bank performed yesterday On Tuesday, the Nifty Bank gained 0.72% and formed a Doji candle with a long upper wick, signalling profit booking at the day's high. The rally was primarily driven by heavyweights such as HDFC Bank, Kotak Bank, ICICI Bank, Axis Bank, and SBI. On the daily chart, the index formed a 'higher-high and higher-low' price structure, reinforcing a bullish undertone in the banking sector. Similarly, FINNIFTY closed with a gain of 0.73%, reflecting broader participation across the Banking and Financial space. From a technical standpoint, this major sectoral index continues to trade above all its key moving averages across multiple time frames, reinforcing the bullish undertone in the banking space. On the daily chart, the RSI is exhibiting a positive trajectory and is currently positioned around 59, suggesting improving momentum. However, the MACD remains in a negative crossover, indicating consolidation in the short term. On the weekly time frame, both the RSI and MACD are trending positively, supporting a medium-term uptrend. According to O'Neil's methodology of market direction, the Nifty Bank has recently transitioned from an 'Uptrend Under Pressure" to a bullish phase of a 'Confirmed Uptrend". Also Read: How Vedanta's debt burden turned into a net-debt company The index ended Tuesday's session on a positive note, closing above 56,000 despite intraday volatility. The near-term outlook remains constructive as long as it remains above this key level. A decisive breakout above 57,000 could strengthen bullish momentum and potentially drive the index toward 58,500-59,000. On the downside, strong support is placed in 55,100-55,000, which is likely to act as a buffer against short-term declines. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
