Ramkrishna Forgings Ltd. benchmarking: Perfomance to industry peers

Financial

	Ramkrishna Forgings	Kirloskar Ferrous	Balu Forge Industrie
Operational Metrics
Auto Ancillary
Capacity Utilization - Forging	53.0 %	n/a	n/a
Metals
Quarterly Sales Volume - Casting & Forging	39409.0 Tonnes	36673.0 Tonnes	n/a
Manufacturing Capacity - Forging	70350.0 MTPA	n/a	360000.0 MTPA
Steel
Capacity Utilization - Ring Rolling Line	88.0 %	n/a	n/a
Capacity Utilization - Press Facility	60.0 %	n/a	n/a
EBITDA/Tonne - Casting & Forging	47865.6 Rs/ Tonne	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.28 %	n/a	n/a
Financials
5 yr Average ROE	13.17 %	13.0 %	16.92 %
5yr average Equity Multiplier	2.68	2.12	1.67
5yr Average Asset Turnover Ratio	0.67	0.99	0.85
5yr Avg Net Profit Margin	7.36 %	6.35 %	13.29 %
Price to Book	3.1	2.16	5.86
P/E	31.57	23.61	30.0
5yr Avg Cash Conversion Cycle	98.56 Days	62.13 Days	84.76 Days
Inventory Days	98.91 Days	69.47 Days	42.04 Days
Days Receivable	82.57 Days	53.95 Days	107.84 Days
Days Payable	91.85 Days	47.67 Days	90.75 Days
5yr Average Interest Coverage Ratio	2.99	8.77	10.05
5yr Avg ROCE	13.84 %	16.57 %	24.23 %
5yr Avg Operating Profit Margin	19.32 %	13.93 %	16.95 %
5 yr average Debt to Equity	0.99	0.44	0.2
5yr CAGR Net Profit	82.2 %	-3.26 %	92.96 %
5yr Average Return on Assets	5.12 %	6.05 %	11.0 %
Shareholdings
Promoter Holding	43.13 %	50.86 %	54.85 %
Share Pledged by Promoters	15.76 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.14 %	-5.82 %	-10.56 %
Change in Mutual Fund Holding (3 Yrs)	-1.96 %	0.73 %	0.13 %

	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 Forgings 0 Pig Iron 30.7 Steel forging (Cranshaft) 0 Tubes 32.8 Casting 24.27 Others 12.23	Product Wise Break-Up Forgings 0 Pig Iron 0 Forging 100.0 Tubes 0 Castings 0
Location Wise Break-Up	Location Wise Break-Up India 66.0 North America 19.0 Europe 14.0 Asia 0 Rest of the World 0 International 0 Domestic 0 Others 1.0	Location Wise Break-Up Rest of the World 0 North America 0 India 97.96 Domestic 0 International 0 Europe 0 Asia 0 Others 2.04	Location Wise Break-Up Rest of the World 0 North America 0 India 0 Domestic 0 International 100.0 Europe 0 Asia 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 78.8 Railway Products 6.2 Mining & Others 3.5 Oil & Gas 0 Exports Incentive 0 Exports 0 Industrial Machinery 0 Heavy Engineering 0 Power Generation 0 Defence 0 Agriculture 0 Heavy Trucks 0 Others 11.5	-	Customer Segment Heavy Engineering 10.0 Exports Incentive 0 Automobile 0 Oil & Gas 5.0 Agriculture 55.0 Mining & Others 0 Power Generation 15.0 Industrial Machinery 5.0 Exports 0 Railway Products 0 Heavy Trucks 5.0 Defence 5.0
Asset Break-Up	Asset Break-Up India 98.68 Others 1.32	-	-