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Commentary (8 May 2024 @ 06:00):

Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally...

Stats
Today's Volume	322 361
Average Volume	710 414
Market Cap	127.54B
EPS	INR0 ( 2024-05-02 )
Next earnings date	( INR0 ) 2024-07-18
Last Dividend	INR0.500 ( 2023-05-09 )
Next Dividend	INR0 ( N/A )
P/E	35.15
ATR14	INR1.018 (0.14%)

Volume Correlation

Long: 0.13 (neutral)

Short: 0.39 (neutral)

Signal:(46.705) Neutral

Ramkrishna Forgings Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Ramkrishna Forgings Correlation - Currency/Commodity

-0.31
( neutral )

-0.39
( neutral )

0.03
( neutral )

-0.02
( neutral )

-0.55
( weak negative )

0.14
( neutral )

Ramkrishna Forgings Financials

Annual	2023
Revenue:	INR39.55B
Gross Profit:	INR17.13B (43.32 %)
EPS:	INR20.27

FY	2023
Revenue:	INR39.55B
Gross Profit:	INR17.13B (43.32 %)
EPS:	INR20.27

FY	2022
Revenue:	INR31.93B
Gross Profit:	INR13.94B (43.67 %)
EPS:	INR15.52

FY	2022
Revenue:	INR20.74B
Gross Profit:	INR6.40B (30.88 %)
EPS:	INR12.43

Financial Reports:

No articles found.

Ramkrishna Forgings Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0.700 (N/A)	INR0.500 (N/A)	INR0.500 (N/A)	INR0.500 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Ramkrishna Forgings Dividend Information - Dividend Knight

Dividend Sustainability Score: 10.00 - good (100.00%) | Divividend Growth Potential Score: 4.04 - Stable (19.14%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR0.200	2005-09-08
Last Dividend	INR0.500	2023-05-09
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	21	--
Total Paid Out	INR6.00	--
Avg. Dividend % Per Year	0.13%	--
Score	3.41	--
Div. Sustainability Score	10.00
Div.Growth Potential Score	4.04
Div. Directional Score	7.15	--

Next Divdend (Est)
(2025-06-09)

INR0.535 Estimate 6.30 %

Dividend Stability

0.25 Very Poor

Dividend Score

3.41

Pay Frequency

Semi-Annually

Yearly Payout

Year	Amount	Yield
2005	INR0	0.00%
2006	INR0	0.00%
2007	INR0	0.00%
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0.200	0.03%
2019	INR0.300	0.06%
2020	INR0	0.00%
2021	INR0.200	0.04%
2022	INR1.300	0.14%
2023	INR1.000	0.38%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
ORIENTELEC.NS	Dividend Junior	2023-07-26	Semi-Annually	7	0.41%
IRFC.NS	Dividend Junior	2023-09-15	Annually	4	2.61%
CUB.NS	Dividend Junior	2023-08-11	Annually	23	0.35%
SHRADHA.NS	Dividend Junior	2023-07-06	Sporadic	6	0.99%
MAPMYINDIA.NS	Dividend Junior	2023-08-25	Annually	3	0.13%
GREENLAM.NS	Dividend Junior	2023-06-30	Annually	10	0.30%
BALAMINES.NS	Dividend Junior	2023-07-03	Annually	18	0.27%
POLYPLEX.NS	Dividend Knight	2023-09-08	Semi-Annually	22	5.28%
JSWSTEEL.NS	Dividend Junior	2023-07-11	Annually	20	1.70%
DOLLAR.NS	Dividend Junior	2023-07-27	Annually	8	0.54%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0863	1.500	8.27	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0643	1.200	7.86	9.43	[0 - 0.3]
returnOnEquityTTM	0.192	1.500	8.97	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.528	0.800	7.36	5.89	[1 - 3]
quickRatioTTM	0.695	0.800	-0.616	-0.493	[0.8 - 2.5]
cashRatioTTM	0.114	1.500	-0.478	-0.717	[0.2 - 2]
debtRatioTTM	0.213	-1.500	6.45	-9.67	[0 - 0.6]
interestCoverageTTM	3.88	1.000	9.68	9.68	[3 - 30]
operatingCashFlowPerShareTTM	29.40	2.00	0.201	0.401	[0 - 30]
freeCashFlowPerShareTTM	29.40	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0.421	-1.500	8.31	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.399	1.000	6.68	6.68	[0.2 - 0.8]
operatingProfitMarginTTM	0.149	1.000	9.03	9.03	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.427	1.000	8.74	8.74	[0.2 - 2]
assetTurnoverTTM	0.745	0.800	8.37	6.69	[0.5 - 2]
Total Score				10.25

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	34.25	1.000	6.64	0	[1 - 100]
returnOnEquityTTM	0.192	2.50	9.34	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	29.40	2.00	0.201	10.00	[0 - 30]
dividendYielPercentageTTM	0.211	1.500	4.73	0	[0 - 0.4]
operatingCashFlowPerShareTTM	29.40	2.00	0.201	0.401	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	1.356	1.500	4.29	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.122	1.000	9.45	0	[0.1 - 0.5]
Total Score				4.04

Ramkrishna Forgings

Ramkrishna Forgings Limited manufactures and supplies open and closed die forgings of carbon and alloy steel, micro alloy steel, and stainless steel in India and internationally. It operates in two segments, Forging Components and Others. The company offers crown wheels/ring gears; I beams, crankshafts, connecting rods, knuckles, diff cases, center wedges, steering arms, tie rod arms, pitman arms, stub axles, recondition taper stationary plates, spides/crosses, brake flanges, brackets, wheel hubs, yokes, front engine mounting arms, tooth products, hammer bars, track links, bearing caps, counterweights, and ring gear carriers; and pinions, front hubs, prop shafts, counter shafts, rear axle shafts, coupling flanges, engaging gears, CM gears, speed gears, and clutch collars. It also provides screw couplings, bolster suspensions, side frame keys, and draw gear assemblies, as well as tour and travel services. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and oil exploration, as well as for OEMs. Ramkrishna Forgings Limited was incorporated in 1981 and is headquartered in Kolkata, India.