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Ramkrishna Forgings

Ramakrishna Forgings Ltd- Forensic Review

Forensic Accounting
339 Views, 24 Jun 2022 12:57
EXECUTIVE SUMMARY
  • Ramkrishna Forgings (RMKF IN)  is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & 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.
detail (10-minute read)
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Nitin Mangal
Indian Accounting Research Analyst
India Independent Insight
IndiaEquitiesESGForensic Accounting

Nitin is a SEBI registered Research Analyst with more than 10 years of experience in Indian equities. He is Pioneer of C... 

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