External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

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Equity Bottom-Up

<ul><li>Adjusted PBT at Rs 126.3 crore was in line estimates, but APAT missed estimates on higher tax provisions.</li><li>Company continued to guide for a 15-20% volume growth guidance in near term.</li><li>Outlook We maintain a Buy rating with a revised PT of Rs.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Adjusted PBT at Rs 126.3 crore was in line estimates, but APAT missed estimates on higher tax provisions.Company continued to guide for a 15-20% volume growth guidance in near term.Outlook We maintain a Buy rating with a revised PT of Rs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ramkrishna Forgings Ltd - Maintained Guidance on Robust Order Book

<ul><li>We attended Ramkrishna Forgings’s (RKFL) Analyst Day meet and came out positive as the company is continuing its winning streak, backed by (1) China + 1/ Europe + 1 themes (2) Regular order inflow supported by capacity addition program (3) diversified revenue mix (4) Well-spread geographical mix and (5) continued customer addition.</li><li>Along with its latest acquisitions (JMT, MAPL, ACIL) the company is capable to supply new set of customers and gaining capability to supply assemblies.</li><li>Post attaining robust capabilities in CV segment, the company is poised to expand its presence in PVs and other non-automotive segment. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We attended Ramkrishna Forgings’s (RKFL) Analyst Day meet and came out positive as the company is continuing its winning streak, backed by (1) China + 1/ Europe + 1 themes (2) Regular order inflow supported by capacity addition program (3) diversified revenue mix (4) Well-spread geographical mix and (5) continued customer addition.Along with its latest acquisitions (JMT, MAPL, ACIL) the company is capable to supply new set of customers and gaining capability to supply assemblies.Post attaining robust capabilities in CV segment, the company is poised to expand its presence in PVs and other non-automotive segment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Ramkrishna Forgings Ltd - Riding on Diversification

India

Ramkrishna Forgings Ltd. manufactures iron and steel forgings. The Company primarily manufactures components for the automobile industry and its products are also sold to other industries including railways, aerospace, defense, material handling, construction equipment and mines.

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Ramkrishna Forgings (RMKF IN)

Ramkrishna Forgings Ltd - Maintained Guidance on Robust Order Book

Adjusted PBT at Rs 126.3 crore was in line estimates, but APAT missed estimates on higher tax provisions. Company continued to guide for a 15-20%...

Sharekhan

Ramkrishna Forgings Ltd - Riding on Diversification

Along with its latest acquisitions (JMT, MAPL, ACIL) the company is capable to supply new set of customers and gaining capability to supply...

Sharekhan

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52-week Range

Market Cap (USDm)

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