RKFORGE have become an important part of the global market
Aim to enter two biggest markets of trailer axle and differentials.
Triggers
- 40% of last year’s what order wins will start from second quarter onwards
Capex :
- Installed cold forging capability for which they have already received complete sold-out order for seven years, which we’ll start operations from FY '25 first quarter
- capex of around INR 300 Crores to INR 350 Crores
Order :
- Total order wins of about INR 7.7 billion, INR 770 Crores in FY '23
- Company has secured a prestigious order of EUR 4.5 million from a European railway passenger coach manufacturer.
- On the TWL consortium TWL has signed a significant contract work with Ministry of Railway Government of India under Aatmanirbhar Bharat initiative. This contract entails the supply of Ramkrishna Forgings Limited
- 1.54 million forged wheels further solidifying our commitment to supporting the growth and modernization of the Indian railway sector.
Capacity
- Company has commenced commercial production of 13,700 tons per annum of R A shaft press line and 10,100 tons for the 5-inch Upsetter.
- Due to the extension in production capacity totaling 23,800 tons per annum
will strengthen our ability to meet the increasing demand for high-quality post components in the automotive industry. - Total production capacity now spread 210,900 ton per annum,
- Year-on-year growth of 28%.
- EBITDA margin for Q1 FY '24 : 22.4%
Acquisitions :
- Approved acquisition of Multitech Auto Private Limited and its whollyowned subsidiary Mal Metalliks Private Limited.
- The company has a capacity to manufacture 21,600 metric ton per annum machine SG & CI castings and bar draw facility of 6,000 metric ton per annum
- This acquisition will make its presence in the passenger vehicle, light commercial vehicle and heavy commercial vehicle segments.
- Acquisition of Casting and with the acquisition of Multitech, had helped RKFORGE to be all rounder except the sheet metal, and tyres and engine apart from that they are available across all platforms in any vehicle, which is moving on road
About Rail Wheel Project
❖ Ramkrishna Forgings holds 51% in the Joint Venture and is a lead partner in this railway contract
❖ It will establish a manufacturing plant in India for the production of 200,000 forged wheels per annum
❖ Expected to start operation by end of FY26
