Ramkrishna Forgings Ltd.

Financial

	Ramkrishna Forgings	Maharashtra Scooters	Kirloskar Ferrous
Operational Metrics
Auto Ancillary Sector
Capacity Utilization - Forging	79.0 %	n/a	n/a
Casting
EBITDA/Tonne - Casting & Forging	47865.6 Rs/ Tonne	n/a	n/a
Forging & Casting
Capacity Utilization - Press Facility	85.0 %	n/a	n/a
Capacity Utilization - Ring Rolling Line	136.0 %	n/a	n/a
Metals
Quarterly Sales Volume - Casting & Forging	45198.0 Tonnes	n/a	31414.0 Tonnes
Manufacturing Capacity - Forging	56100.0 MTPA	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.27 %	n/a	n/a
Financials
5 yr Average ROE	10.66 %	0.93 %	14.47 %
5yr average Equity Multiplier	2.76	1.06	2.22
5yr Average Asset Turnover Ratio	0.65	0.01	0.97
5yr Avg Net Profit Margin	5.47 %	296.22 %	6.97 %
Price to Book	3.67	0.43	2.26
P/E	23.24	61.2	34.15
5yr Avg Cash Conversion Cycle	90.42 Days	1.92 Days	76.1 Days
Inventory Days	98.31 Days	33.02 Days	72.67 Days
Days Receivable	74.99 Days	6.82 Days	50.9 Days
Days Payable	90.94 Days	38.38 Days	46.32 Days
5yr Average Interest Coverage Ratio	2.85	0.0	10.42
5yr Avg ROCE	13.67 %	0.95 %	17.61 %
5yr Avg Operating Profit Margin	19.97 %	41.96 %	14.7 %
5 yr average Debt to Equity	1.08	0.0	0.46
5yr CAGR Net Profit	103.85 %	2.07 %	-3.02 %
5yr Average Return on Assets	3.93 %	0.89 %	6.52 %
Shareholdings
Promoter Holding	43.13 %	51.0 %	50.9 %
Share Pledged by Promoters	5.76 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.11 %	0.0	-8.06 %
Change in Mutual Fund Holding (3 Yrs)	-2.92 %	2.42 %	1.28 %

Business

	Ramkrishna Forgings	Maharashtra Scooters	Kirloskar Ferrous
Product Wise Break-Up	Product Wise Break-Up Forgings 100.0 Tubes 0 Castings 0 Pig Iron 0	-	Product Wise Break-Up Casting 24.27 Pig Iron 30.04 Forgings 0 Tubes 36.26 Others 9.43
Location Wise Break-Up	Location Wise Break-Up Asia 58.0 North America 30.0 Europe 12.0 India 0 Rest of the World 0	Location Wise Break-Up North America 0 Rest of the World 0 Asia 0 India 100.0 Europe 0	Location Wise Break-Up North America 0 Rest of the World 0 Asia 0 India 95.13 Europe 0 Others 4.87
Operating Profit Break-Up	Operating Profit Break-Up Forging 100.0 Investments 0 Manufacturing 0	Operating Profit Break-Up Forging 0 Investments 100.0 Manufacturing 0	-
OEM vs Aftermarket	OEM vs Aftermarket OEM 89.0 After market 11.0	-	-
Customer Segment	Customer Segment Automobile 78.2 Railway Products 4.7 Mining & Others 4.5 Oil & Gas 0.6 Exports Incentive 0 Exports 0 Others 12.0	-	-
Asset Break-Up	Asset Break-Up India 100.0	-	-