Ramkrishna Forgings Ltd. benchmarking: Performance to industry peers

Financial

	Ramkrishna Forgings	Kirloskar Ferrous	Maharashtra Scooters
Operational Metrics
Auto Ancillary
Capacity Utilization - Forging	70.0 %	n/a	n/a
Metals
Quarterly Sales Volume - Casting & Forging	51747.0 Tonnes	34980.0 Tonnes	n/a
Manufacturing Capacity - Forging	70350.0 MTPA	n/a	n/a
Steel
Capacity Utilization - Ring Rolling Line	121.0 %	n/a	n/a
Capacity Utilization - Press Facility	68.0 %	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 %	0.63 %
5yr average Equity Multiplier	2.68	2.12	1.08
5yr Average Asset Turnover Ratio	0.67	0.99	0.01
5yr Avg Net Profit Margin	7.36 %	6.35 %	85.54 %
Price to Book	3.12	2.18	0.52
P/E	143.18	22.57	45.94
5yr Avg Cash Conversion Cycle	98.56 Days	62.13 Days	0.0
Inventory Days	98.91 Days	69.47 Days	21.47 Days
Days Receivable	82.57 Days	53.95 Days	0.0
Days Payable	91.85 Days	47.67 Days	32.51 Days
5yr Average Interest Coverage Ratio	2.99	8.77	0.0
5yr Avg ROCE	13.84 %	16.57 %	0.58 %
5yr Avg Operating Profit Margin	19.32 %	13.93 %	66.95 %
5 yr average Debt to Equity	0.99	0.44	0.0
5yr CAGR Net Profit	82.2 %	-3.26 %	89.33 %
5yr Average Return on Assets	5.12 %	6.05 %	0.58 %
Shareholdings
Promoter Holding	43.33 %	50.8 %	51.0 %
Share Pledged by Promoters	15.63 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-2.94 %	-5.83 %	0.0
Change in Mutual Fund Holding (3 Yrs)	-2.08 %	1.97 %	1.19 %

	Ramkrishna Forgings	Kirloskar Ferrous	Maharashtra Scooters
Product Wise Break-Up	Product Wise Break-Up Forgings 100.0 Tubes 0 Castings 0 Pig Iron 0	Product Wise Break-Up Pig Iron 27.93 Casting 27.17 Forgings 0 Tubes 27.89 Others 17.01	-
Location Wise Break-Up	Location Wise Break-Up India 68.4 North America 18.3 Europe 13.0 Asia 0 Rest of the World 0 Others 0.3	Location Wise Break-Up Asia 0 Rest of the World 0 India 97.96 Europe 0 North America 0 Others 2.04	Location Wise Break-Up Asia 0 Rest of the World 0 India 100.0 Europe 0 North America 0
Operating Profit Break-Up	Operating Profit Break-Up Forging 100.0 Investments 0 Manufacturing 0	-	Operating Profit Break-Up Manufacturing 0 Investments 100.0 Forging 0
OEM vs Aftermarket	OEM vs Aftermarket OEM 89.0 After market 11.0	-	-
Customer Segment	Customer Segment Automobile 73.7 Railway Products 7.5 Mining & Others 5.9 Oil & Gas 0 Exports Incentive 0 Exports 0 Others 12.9	-	-
Asset Break-Up	Asset Break-Up India 98.68 Others 1.32	-	-