Company Valuation: Ramkrishna Forgings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 25,167 45,744 124,962 139,991 85,222 134,268 -
Change - 81.77% 173.17% 12.03% -39.12% 57.55% -
Enterprise Value (EV) 1 25,167 45,744 128,308 156,410 102,212 148,063 146,627
Change - 81.77% 180.49% 21.9% -34.65% 44.86% -0.97%
P/E 12.2x 19.5x 36x 34.8x 98x 48.8x 36.8x
PBR 2.3x 3.45x 4.68x 4.65x 2.59x 3.39x 3.12x
PEG - 1.4x 1.2x 2.2x -1.2x 0x 1.1x
Capitalization / Revenue 1.1x 1.52x 3.58x 3.85x 2.27x 2.97x 2.75x
EV / Revenue 1.1x 1.52x 3.68x 4.3x 2.72x 3.28x 3.01x
EV / EBITDA 4.78x 6.85x 16.2x 32x 18x 18.2x 16.5x
EV / EBIT 7.03x 9.8x 23.4x 62.9x 36.1x 32.2x 30.2x
EV / FCF -9.69x 10.8x 149x -24.6x 435x 81.9x 39.9x
FCF Yield -10.3% 9.24% 0.67% -4.06% 0.23% 1.22% 2.51%
Dividend per Share 2 0.5 1 2 2 - 1 1.7
Rate of return 0.32% 0.35% 0.29% 0.26% - 0.14% 0.23%
EPS 2 12.91 14.65 19.19 22.22 4.76 15.1 20.03
Distribution rate 3.87% 6.83% 10.4% 9% - 6.62% 8.49%
Net sales 1 22,854 30,010 34,896 36,343 37,549 45,140 48,750
EBITDA 1 5,270 6,682 7,939 4,893 5,664 8,120 8,896
EBIT 1 3,579 4,668 5,495 2,487 2,835 4,604 4,856
Net income 1 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 2 157.40 286.10 691.25 773.30 466.60 737.05 737.05
Nbr of stocks (in thousands) 159,890 159,890 180,776 181,031 182,646 182,170 -
Announcement Date 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.($)
49.36x3.31x18.42x0.13% 1.42B
21.16x1.85x10.22x0.55% 33.06B
12.01x0.45x4.4x4.58% 18.72B
19.83x1.91x9.96x0.22% 11.93B
8.81x0.63x4.12x4.78% 10.64B
10.4x - - - 10.54B
59.33x5.2x29.48x0.45% 10.3B
11.37x0.81x5.82x4.33% 9.37B
88.97x1.45x16.02x1.09% 9.23B
Average 31.25x 1.95x 12.30x 2.02% 12.8B
Weighted average by Cap. 25.81x 1.71x 10.65x 2.03%

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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