External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

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Equity Bottom-Up

<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><p><em>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.</em></p>

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

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

Ramkrishna Forgings  / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ramkrishna-forgings-ltd" target="_blank" data-smartkarma-citation="entities:13278:1" rel="noopener">Ramkrishna Forgings (RMKF IN)</a>  is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons &amp; coach and engineering parts.</li>
<li>On inspection of the annual report, there were several red flags visible; pertaining to accounting and the overall health of the company.</li>
<li>Most prominent forensic checks included misstatement of operating cash flows, Debt alarms, working capital mis-management and some governance setbacks.</li>
</ul>



Ramkrishna Forgings (RMKF IN)  is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons &amp; coach and engineering parts.
On inspection of the annual report, there were several red flags visible; pertaining to accounting and the overall health of the company.
Most prominent forensic checks included misstatement of operating cash flows, Debt alarms, working capital mis-management and some governance setbacks.


Ramakrishna Forgings Ltd- Forensic Review

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.

Ramkrishna Forgings (RMKF IN)

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

Ramakrishna Forgings Ltd- Forensic Review

On inspection of annual report, the most prominent forensic checks included misstatement of operating cash flows, Debt alarms, working capital mis...

Nitin Mangal