Ramkrishna Forgings Ltd.

Financial

	Ramkrishna Forgings	Kirloskar Ferrous	Electrost Castings
Operational Metrics
Auto Ancillary Sector
Capacity Utilization - Forging	79.0 %	n/a	n/a
Metals
Quarterly Sales Volume - Casting & Forging	45198.0 Tonnes	32207.0 Tonnes	n/a
Manufacturing Capacity - Forging	56100.0 MTPA	n/a	n/a
Steel Sector
Capacity Utilization - Ring Rolling Line	136.0 %	n/a	n/a
Capacity Utilization - Press Facility	85.0 %	n/a	n/a
EBITDA/Tonne - Casting & Forging	47865.6 Rs/ Tonne	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 %	14.47 %	6.66 %
5yr average Equity Multiplier	2.76	2.22	1.94
5yr Average Asset Turnover Ratio	0.65	0.97	0.65
5yr Avg Net Profit Margin	5.47 %	6.97 %	4.82 %
Price to Book	3.87	2.75	1.37
P/E	29.24	29.79	11.1
5yr Avg Cash Conversion Cycle	90.42 Days	76.1 Days	120.67 Days
Inventory Days	98.31 Days	72.67 Days	113.4 Days
Days Receivable	74.99 Days	50.9 Days	59.1 Days
Days Payable	90.94 Days	46.32 Days	58.26 Days
5yr Average Interest Coverage Ratio	2.85	10.42	2.65
5yr Avg ROCE	13.67 %	17.61 %	11.86 %
5yr Avg Operating Profit Margin	19.97 %	14.7 %	12.86 %
5 yr average Debt to Equity	1.08	0.46	0.58
5yr CAGR Net Profit	103.85 %	-3.02 %	35.65 %
5yr Average Return on Assets	3.93 %	6.52 %	3.49 %
Shareholdings
Promoter Holding	43.13 %	50.9 %	46.21 %
Share Pledged by Promoters	5.76 %	0.0	11.44 %
Change in Promoter Holding (3 Yrs)	-3.11 %	-8.06 %	2.13 %
Change in Mutual Fund Holding (3 Yrs)	-2.92 %	1.28 %	-0.95 %

Business

	Ramkrishna Forgings	Kirloskar Ferrous	Electrost Castings
Product Wise Break-Up	Product Wise Break-Up Forgings 100.0 Tubes 0 Castings 0 Pig Iron 0 Execution of turnkey projects 0 Coke and Coal 0 Cast Iron pipes 0 Ductile Iron pipes & fittings 0	Product Wise Break-Up Pig Iron 29.9 Execution of turnkey projects 0 Forgings 0 Tubes 35.32 Ductile Iron pipes & fittings 0 Casting 23.74 Coke and Coal 0 Cast Iron pipes 0 Others 11.04	Product Wise Break-Up Pig Iron 0 Execution of turnkey projects 0 Forgings 0 Tubes 0 Ductile Iron Pipe 85.86 Castings 0 Coke and Coal 0 Cast Iron pipes 2.85 Others 11.29
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 Rest of the World 0 North America 0 India 95.13 Asia 0 Europe 0 Others 4.87	Location Wise Break-Up Rest of the World 13.0 North America 0 India 87.0 Asia 0 Europe 0
Operating Profit Break-Up	Operating Profit Break-Up Forging 100.0	-	-
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 Non Government 0 Government 0 Others 12.0	-	Customer Segment Oil & Gas 0 Government 7.94 Mining & Others 0 Exports Incentive 0 Exports 0 Railway Products 0 Non Government 92.06 Automobile 0
Asset Break-Up	Asset Break-Up India 100.0	-	-