Ramkrishna Forgings Ltd.

Financial

	Ramkrishna Forgings	Kirloskar Ferrous	Balu Forge Industrie
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	360000.0 MTPA
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 %	13.0 %	16.32 %
5yr average Equity Multiplier	2.76	2.12	1.79
5yr Average Asset Turnover Ratio	0.65	0.99	0.88
5yr Avg Net Profit Margin	5.47 %	6.35 %	11.11 %
Price to Book	3.47	2.92	6.68
P/E	26.27	34.08	52.43
5yr Avg Cash Conversion Cycle	90.42 Days	62.13 Days	109.52 Days
Inventory Days	98.31 Days	69.47 Days	43.28 Days
Days Receivable	74.99 Days	53.95 Days	139.85 Days
Days Payable	90.94 Days	47.67 Days	98.4 Days
5yr Average Interest Coverage Ratio	2.85	8.77	6.52
5yr Avg ROCE	13.67 %	16.57 %	24.1 %
5yr Avg Operating Profit Margin	19.97 %	13.93 %	14.52 %
5 yr average Debt to Equity	1.08	0.44	0.24
5yr CAGR Net Profit	103.85 %	-3.26 %	65.17 %
5yr Average Return on Assets	3.93 %	6.05 %	9.68 %
Shareholdings
Promoter Holding	43.13 %	50.9 %	54.85 %
Share Pledged by Promoters	5.76 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.1 %	-8.05 %	-10.56 %
Change in Mutual Fund Holding (3 Yrs)	-3.28 %	1.4 %	0.13 %

Business

	Ramkrishna Forgings	Kirloskar Ferrous	Balu Forge Industrie
Product Wise Break-Up	Product Wise Break-Up Forgings 100.0 Tubes 0 Castings 0 Pig Iron 0 Steel forging (Cranshaft) 0	Product Wise Break-Up Tubes 35.32 Forgings 0 Steel forging (Cranshaft) 0 Pig Iron 29.9 Casting 23.74 Others 11.04	Product Wise Break-Up Tubes 0 Forgings 0 Forging 100.0 Pig Iron 0 Castings 0
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 International 0 Domestic 0	Location Wise Break-Up International 0 Rest of the World 0 Europe 0 India 97.96 Asia 0 North America 0 Domestic 0 Others 2.04	Location Wise Break-Up International 100.0 Rest of the World 0 Europe 0 India 0 Asia 0 North America 0 Domestic 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 Industrial Machinery 0 Heavy Engineering 0 Power Generation 0 Defence 0 Agriculture 0 Heavy Trucks 0 Others 12.0	-	Customer Segment Automobile 0 Exports 0 Railway Products 0 Agriculture 55.0 Heavy Trucks 5.0 Mining & Others 0 Oil & Gas 5.0 Power Generation 15.0 Defence 5.0 Heavy Engineering 10.0 Exports Incentive 0 Industrial Machinery 5.0
Asset Break-Up	Asset Break-Up India 100.0	-	-