Company Valuation: Ramkrishna Forgings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 16,721 25,167 45,744 124,962 139,991 132,356 - -
Change - 50.51% 81.77% 173.17% 12.03% -5.45% - -
Enterprise Value (EV) 1 16,721 25,167 45,744 128,308 156,410 102,212 146,151 144,715
Change - 50.51% 81.77% 180.49% 21.9% -34.65% 4.16% -0.98%
P/E 60.1x 12.2x 19.5x 36x 34.8x 98x 48.1x 36.3x
PBR 1.88x 2.3x 3.45x 4.68x 4.65x 2.59x 3.34x 3.08x
PEG - 0x 1.4x 1.2x 2.2x -1.2x 0x 1.1x
Capitalization / Revenue 1.3x 1.1x 1.52x 3.58x 3.85x 2.27x 2.93x 2.71x
EV / Revenue 1.3x 1.1x 1.52x 3.68x 4.3x 2.72x 3.24x 2.97x
EV / EBITDA 7.27x 4.78x 6.85x 16.2x 32x 18x 18x 16.3x
EV / EBIT 14.7x 7.03x 9.8x 23.4x 62.9x 36.1x 31.7x 29.8x
EV / FCF -16x -9.69x 10.8x 149x -24.6x 435x 80.8x 39.3x
FCF Yield -6.24% -10.3% 9.24% 0.67% -4.06% 0.23% 1.24% 2.54%
Dividend per Share 2 - 0.5 1 2 2 3.5 1 1.7
Rate of return - 0.32% 0.35% 0.29% 0.26% 0.48% 0.14% 0.23%
EPS 2 1.74 12.91 14.65 19.19 22.22 4.76 15.1 20.03
Distribution rate - 3.87% 6.83% 10.4% 9% 79.5% 6.62% 8.49%
Net sales 1 12,884 22,854 30,010 34,896 36,343 37,549 45,140 48,750
EBITDA 1 2,299 5,270 6,682 7,939 4,893 5,664 8,120 8,896
EBIT 1 1,136 3,579 4,668 5,495 2,487 2,835 4,604 4,856
Net income 1 279.6 2,065 2,356 3,261 4,018 865.1 2,574 3,364
Net Debt 1 - - - 3,346 16,419 16,990 13,795 12,359
Reference price 2 104.58 157.40 286.10 691.25 773.30 726.55 726.55 726.55
Nbr of stocks (in thousands) 159,890 159,890 159,890 180,776 181,031 182,170 - -
Announcement Date 5/15/21 5/3/22 4/28/23 5/2/24 6/1/25 5/1/26 - -
1INR in Million2INR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
165.13x3.88x26.37x0.48% 1.39B
21.12x1.85x10.2x0.55% 33.17B
11.74x0.44x4.31x4.68% 18.25B
31.15x2.42x13.71x0.21% 11.82B
61.7x5.71x31.18x0.43% 11.42B
17.96x0.97x8.15x5.37% 10.9B
10.29x - - - 10.39B
8.91x0.64x4.33x4.42% 10.58B
81.64x1.44x13.76x1.1% 8.99B
Average 45.51x 2.17x 14.00x 2.16% 12.99B
Weighted average by Cap. 28.64x 1.87x 11.55x 2.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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