Ramkrishna Forgings Share Price

The sales moved up 31.72% to Rs. 7625.49 millions for the September 2022 quarter as compared to Rs. 5789.36 millions during the year-ago period.An average growth of 27.60% was recorded for the quarter ended September 2022 to Rs. 639.42  millions from Rs. 501.12 millions.Operating profit for the quarter ended September 2022 rose to 1706.54 millions as compared to 1395.57 millions of corresponding quarter ended September 2021.

The revenue for the December 2022 quarter is pegged at Rs. 7523.06 millions, about 24.13% up against Rs. 6060.54 millions recorded during the year-ago period.Net Profit recorded in the quarter ended December 2022 rise to 27.59% to Rs. 575.73  millions  compared to R. 451.25 millions in corresponding previous quarter.Operating profit surged to 1670.85 millions from the corresponding previous quarter of 1418.84 millions.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ramkrishna Forgings has informed that it enclosed copies of newspaper advertisement published on 23 August, 2022 in the newspapers: Business Standard (English, All Edition) and Aajkal (Bengali). In compliance with MCA General Circular No. 20/2020 and Circular No. 02/2022 dated May 05, 2020 and May 05, 2022, in relation to the 40th AGM of the Company scheduled to be held on Saturday, 17th September, 2022, at 11.45 am (IST) through Video Conferencing/ Other Audio-Visual Means (VC/OAVM). Copies of the said publication will also be available on the website of the Company at www. ramkrishnaforgings.com.

The above information is a part of company’s filings submitted to BSE.

Ramkrishna Forgings has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aditya Birla Sun Life Mutual Fund.

The above information is a part of company’s filings submitted to BSE.

This order demonstrates the international markets’ acceptance of the company’s product quality and technological capability

Ramkrishna Forgings is currently trading at Rs. 202.95, up by 5.90 points or 2.99% from its previous closing of Rs. 197.05 on the BSE.

The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 205.65 and Rs. 197.45 respectively. So far 53915 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 251.92 on 11-Oct-2021 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 205.65 and Rs. 181.60 respectively. The current market cap of the company is Rs. 3238.36 crore.

The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.

Ramkrishna Forgings has won a large business of Metal Bars worth Rs 20.5 crore ($2.58 million) per year from a market leader in rubber tracks for farm equipment and snowmobiles, as well as in solid and bias tyres for material handling equipment. It is also one of the top three construction market players for track and tyre solutions for small heavy equipment. This order has a potential to become an annual business of Rs 80 crore ($10 million). This order demonstrates the international markets’ acceptance of the company’s product quality and technological capability.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

Upon allotment of these warrants, the Company will receive Rs 23.60 crore during the year

Ramkrishna Forgings is currently trading at Rs. 207.55, up by 0.20 points or 0.10% from its previous closing of Rs. 207.35 on the BSE.

The scrip opened at Rs. 207.40 and has touched a high and low of Rs. 208.95 and Rs. 205.90 respectively. So far 44545 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 251.92 on 11-Oct-2021 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 210.95 and Rs. 194.90 respectively. The current market cap of the company is Rs. 3311.24 crore.

The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.

Ramkrishna Forgings has approved a fund raise of Rs 94.3 crore through a preferential issue of 46 lakh warrants convertible into equivalent equity share of Rs 2 each at a price of Rs 205 per warrant to Promoters/ Non Promoters.

Upon allotment of these warrants, the company will receive Rs 23.60 crore during the year and balance Rs 70.70 crore will be received within the next 18 months from the date of allotment of warrants.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The order will be executed over a period of four years

Ramkrishna Forgings is currently trading at Rs. 215.50, up by 4.20 points or 1.99% from its previous closing of Rs. 211.30 on the BSE.

The scrip opened at Rs. 208.00 and has touched a high and low of Rs. 218.00 and Rs. 208.00 respectively. So far 31849 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 251.92 on 11-Oct-2021 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 218.00 and Rs. 194.65 respectively. The current market cap of the company is Rs. 3446.41 crore.

The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.

Ramkrishna Forgings has secured around Rs 131.5 crore ($15.9 million) order for its application in North America HCVs from a Tier 1 Rear & Front Axle manufacturer customer in the auto segment. The order will be executed over a period of four years.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

In continuation to letter dated 26th September, 2022 intimating about the meeting of the Board of Directors of the Company, which is scheduled to be held on Friday, 21 October, 2022, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year ended 30 September, 2022 and 2nd Interim Dividend, if any, Ramkrishna Forgings has informed that the event of the 2nd Interim dividend, if declared, by the Board of Directors, the Record Date for the same pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 shall be on Wednesday, 2 November, 2022. Copy of the same is being made available on the website of the Company at www.ramkrishnaforgings.com.

The above information is a part of company’s filings submitted to BSE.

Ramkrishna Forgings has informed that it enclosed a press release titled ‘Export order worth INR 1,215 million for EV Component Business from a major Swedish OEM’.

The above information is a part of company’s filings submitted to BSE.

This order will be carried out in stages and supplies will ramped-up till 2030

Ramkrishna Forgings is currently trading at Rs. 232.00, up by 3.00 points or 1.31% from its previous closing of Rs. 229.00 on the BSE.

The scrip opened at Rs. 229.00 and has touched a high and low of Rs. 234.00 and Rs. 226.85 respectively. So far 23499 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 243.78 on 22-Oct-2021 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 236.65 and Rs. 224.20 respectively. The current market cap of the company is Rs. 3731.14 crore.

The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.

Ramkrishna Forgings has received a long-term supply contract worth Euro 15 million (Rs 121.5 crore) from a reputed Swedish OEM major for 2 components for an Electric Vehicle (EV), for supplies till 2030. This order will be carried out in stages and supplies will ramped-up till 2030. This order signifies not only the company’s strong product development capability, but also the trust that large OEMs have in the company.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The company has awarded a 4-year contract for the supply for heavy duty commercial vehicles for its European application

Ramkrishna Forgings is currently trading at Rs. 231.95, up by 8.85 points or 3.97% from its previous closing of Rs. 223.10 on the BSE.

The scrip opened at Rs. 223.15 and has touched a high and low of Rs. 235.60 and Rs. 223.15 respectively. So far 96145 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 238.00 on 24-Oct-2022 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 238.00 and Rs. 221.00 respectively. The current market cap of the company is Rs. 3708.75 crore.

The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 18.49% and 35.28% respectively.

Ramkrishna Forgings has awarded a 4-year contract for the supply for heavy duty commercial vehicles for its European application worth Rs 113.16 crore (Euro 13.8 million). These order wins not only raise the profile of the company’s international operations, but they also strengthen its long-term customer relationships.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

Ramkrishna Forgings has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chaitanya Jalan & PACs.

The above information is a part of company’s filings submitted to BSE.

Ramkrishna Forgings has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahabir Prasad Jalan & PACs.

The above information is a part of company’s filings submitted to BSE.

TSUYO currently manufactures powertrain solutions for electric vehicles

Ramkrishna Forgings is currently trading at Rs. 258.30, up by 1.55 points or 0.60% from its previous closing of Rs. 256.75 on the BSE.

The scrip opened at Rs. 259.65 and has touched a high and low of Rs. 266.30 and Rs. 255.30 respectively. So far 97168 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 266.30 on 15-Dec-2022 and a 52 week low of Rs. 145.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 266.30 and Rs. 228.65 respectively. The current market cap of the company is Rs. 4142.74 crore.

The promoters holding in the company stood at 46.27%, while Institutions and Non-Institutions held 19.06% and 34.68% respectively.

Ramkrishna Forgings’ board has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing (TSUYO), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles.

TSUYO currently manufactures powertrain solutions for electric vehicles. This proposed investment will help TSUYO to use the technological expertise and manufacturing skills of both organizations to enhance its product portfolio and expand its facilities for the manufacture of motors, controllers, E-axles, and differentials. The company plans to invest around Rs. 100 crore over the next 5 years, which is expected to generate a turnover of around Rs 500 crore by the end of the fifth year.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ramkrishna Forgings has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 20 January, 2023: Consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Nine Months ended on 31 December, 2022. Further, in compliance with the provisions of the SEBI (Prohibition of Insider Trading) Regulation, 2015 and in terms of the Company’s Code on Prohibition of Insider Trading, the Trading Window for dealing in securities of the Company by Designated Persons and their immediate relatives shall remain closed from 1st January, 2023 till 48 hours after the announcement of the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Nine Months ended on 31 December, 2022 to the Stock Exchanges. Copy of the same is also available on the website of the Company at www.ramkrishnaforgings.com.

The above information is a part of company’s filings submitted to BSE.

Ramkrishna Forgings has informed that the Management of the Company will be attending the Nuvama India Conference 2023 on 10 February, 2023. No unpublished Price sensitive information is proposed to be shared during the Meeting. Further, it has enclosed herewith presentation which will be made at the aforesaid meeting.

The above information is a part of company’s filings submitted to BSE.

Ramkrishna Forgings has informed that the Management of the Company will be virtually meeting today 14 February, 2023 with the Institutional Investor ‘Ventura Securities’. No unpublished Price sensitive information is proposed to be shared during the Meeting. The above schedule meeting may undergo changes due to exigencies on the part of the investor or the Company. Further, no presentation will be made for the same.

The above information is a part of company’s filings submitted to BSE.

Pursuant to the regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and its earlier letter dated 27 February, 2023, Ramkrishna Forgings has informed that the Management of the Company will be attending in Person ‘Investec India Promoter Conference’ on Thursday, 2 March, 2023 instead of virtual meeting. No unpublished Price sensitive information is proposed to be shared during the Meeting. Further, enclosed it has presentation which will be made at the aforesaid meeting.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, Ramkrishna Forgings has informed that ICRA has revised (upgraded) the ratings of the Company for its Bank facilities aggregating Rs 1530.05 Crore. The rating rationale is enclosed.

The above information is a part of company’s filings submitted to BSE.

Pursuant to Regulation 30 read with Schedule III Part A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 (SEBI LODR Regulations), RamKrishna Forgings has informed that the consortium of the company and Titagarh Wagons (RKFL-TWL Consortium) has emerged as the Lowest Bidder (L1) as per the financial bid opening dated 14 March, 2023, for Manufacturing and Supply of Forged Wheels under Aatma-Nirbhar Bharat by the Ministry of Railways, Government of India. The total quantity of Forged Wheels to be supplied will be around 15,40,000 wheels over a period of 20 years. Intimation regarding Letter of Award (LOA) and disclosures as required under Schedule III of the SEBI LODR Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015 will be submitted as and when the LOA will be received. Copy of the same is also being made available on the website of the Company at www.ramKrishnaforgings.com.

The above information is a part of company’s filings submitted to BSE.

Dividend

Quarterly Results & Interim Dividend Inter-alia: a) Consider declaration of 3rd Interim Dividend for the Financial Year 2022-23, if any, to the Equity Shareholders of the Company.

Second Interim Dividend

Second Interim Dividend & Quarterly Results

Issue Of Warrants

First Interim Dividend

Quarterly Results & Interim Dividend

Final Dividend & Audited Results

Stock Split Inter alia, approved: 1. Reappointment Mr. Pawan Kumar Kedia (DIN: 00375557) as Wholetime Director designated as Director (Finance), for a period of 1 year w.e.f 1st April 2022, subject to approval of the members. 2. The Board has also declared 3rd Interim Dividend of Re. 0.50/- per Equity Share of Face Value of Rs. 10/- each for the year 2021 - 22. 3. The Board has approved Sub-Division/Split of Equity Shares of the Company from face value of Rs. 10/- each to face value of Rs. 2/- each subject to approval of the members through Postal Ballot.

Quarterly Results & Stock Split

Re.0.5000 per share (5%) Third Interim Dividend

Quarterly Results & Stock Split

Re.0.5000 per share (5%) Second Interim Dividend

This order demonstrates the international markets’ acceptance of the company’s product quality and technological capability

Ramkrishna Forgings has won a large business of Metal Bars worth Rs 20.5 crore ($2.58 million) per year from a market leader in rubber tracks for farm equipment and snowmobiles, as well as in solid and bias tyres for material handling equipment. It is also one of the top three construction market players for track and tyre solutions for small heavy equipment. This order has a potential to become an annual business of Rs 80 crore ($10 million). This order demonstrates the international markets’ acceptance of the company’s product quality and technological capability.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

Upon allotment of these warrants, the Company will receive Rs 23.60 crore during the year

Ramkrishna Forgings has approved a fund raise of Rs 94.3 crore through a preferential issue of 46 lakh warrants convertible into equivalent equity share of Rs 2 each at a price of Rs 205 per warrant to Promoters/ Non Promoters.

Upon allotment of these warrants, the Company will receive Rs 23.60 crore during the year and balance Rs 70.70 crore will be received within the next 18 months from the date of allotment of warrants.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The order will be executed over a period of four years

Ramkrishna Forgings has secured around Rs 131.5 crore ($15.9 million) order for its application in North America HCVs from a Tier 1 Rear & Front Axle manufacturer customer in the auto segment. The order will be executed over a period of four years.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

This order will be carried out in stages and supplies will ramped-up till 2030

Ramkrishna Forgings has received a long-term supply contract worth Euro 15 million (Rs 121.5 crore) from a reputed Swedish OEM major for 2 components for an Electric Vehicle (EV), for supplies till 2030. This order will be carried out in stages and supplies will ramped-up till 2030. This order signifies not only the company’s strong product development capability, but also the trust that large OEMs have in the company.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The company has awarded a 4-year contract for the supply for heavy duty commercial vehicles for its European application

Ramkrishna Forgings has awarded a 4-year contract for the supply for heavy duty commercial vehicles for its European application worth Rs 113.16 crore (Euro 13.8 million). These order wins not only raise the profile of the company’s international operations, but they also strengthen its long-term customer relationships.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

TSUYO currently manufactures powertrain solutions for electric vehicles

Ramkrishna Forgings’ board has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing (TSUYO), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles.

TSUYO currently manufactures powertrain solutions for electric vehicles. This proposed investment will help TSUYO to use the technological expertise and manufacturing skills of both organizations to enhance its product portfolio and expand its facilities for the manufacture of motors, controllers, E-axles, and differentials. The company plans to invest around Rs. 100 crore over the next 5 years, which is expected to generate a turnover of around Rs 500 crore by the end of the fifth year.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The total cost of the project is estimated to be around Rs 35 crore

Ramkrishna Forgings is planning to install a 7.82 MW capacity roof-top solar project at its existing forging plants in Seraikela and Dugni at Jamshedpur. Upon completion of the project, the power generated will be used for its captive consumption, reducing the company's dependence on grid power. The project will help the company to achieve its environmental, social, and governance (ESG) vision and contribute to the larger goal of achieving a sustainable future.

The total cost of the project is estimated to be around Rs 35 crore, which will be financed by a mix of debt and equity. The investment in this renewable energy project reflects Ramkrishna Forgings' commitment to responsible business practices and its dedication to reducing its carbon footprint.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The company has incorporated wholly owned subsidiary company in the name of ‘RKFL Engineering Industry’

Ramkrishna Forgings has incorporated wholly owned subsidiary company in the name of ‘RKFL Engineering Industry’ on March 6, 2023. The wholly owned subsidiary company has been incorporated to implement the resolution plan under Corporate Insolvency Resolution Process (CIRP) for JMT Auto.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.

The total qauntity of Forged Wheels to be supplied will be around 15,40,000 wheels over a period of 20 years

The consortium of Ramkrishna Forgings and Titagarh Wagons Consortium (RKFL-TWL Consortium) has emerged as the Lowest Bidder (L1) as per the financial bid opening dated 14 March, 2023, for Manufacturing and Supply of Forged Wheels under Aatma-Nirbhar Bharat by the Ministry of Railways, Government of India. The total qauntity of Forged Wheels to be supplied will be around 15,40,000 wheels over a period of 20 years.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.