Is Ramkrishna Forgings a good buy?

Is Ramkrishna Forgings a good buy?

The brokerage expects a 35% CAGR in revenue over FY21-24, and earnings of Rs3bn, leading to an EPS of Rs93. 9. Accordingly, the brokerage upgrades rating to a Buy with a TP of Rs1,315 (14x FY24e). Promoters held 46.04 per cent stake in the company as of 31-Dec-2021, while FIIs owned 16.07 per cent, DIIs 5.37 per cent.

What does Ramkrishna Forgings do?

Our company is certified in terms of IATF 16949, ISO 45001 and ISO 14001 and is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless steel forgings which can be supplied in As Forged + Heat Treated + Machined and Fully assembled condition as per the …

Who is owner of RKFL?

Mr. Mahabir Prasad Jalan, son of Late Kishan Gopal Jalan, is the promoter of the company and is a well experienced technocrat possessing all the qualities of a successful businessman.

How is forging done?

Forging is the process of heating, deforming, and finishing a piece of metal. Forgings are made by forcing materials into customized shapes either by the force of a falling ram upon an anvil or by a die press enclosing a piece of metal and squeeze-forming the part.

Who invented forging?

Blacksmithing origins first trace back to 1500 BC when the Hittites discovered the process of forging and tempering iron ore. When the Hittites were scattered in 1200 BC so was their knowledge and understanding of basic iron work.

What are the disadvantages of forging?

Disadvantages of forging

• In hot forging it is difficult to perform secondary operations.
• It is limited to simple shapes.
• Capital cost is more.
• Very high man and material safety procedures need to be followed.
• Forged metal surface is prone to rapid oxidation due to very high temperature.

What do forging companies do?

Forging is now a worldwide industry with modern forging facilities producing high-quality metal parts in a vast array of sizes, shapes, materials, and finishes. Metal is heated before it is manipulated to the desired shape using a forging hammer. This used to be done by hand by blacksmiths.

Who forged the first steel?

Speaking to steel specifically, the forging process dates back well over 6,000 years, to 4000 BC and even earlier. It began in Mesopotamia – the first metals forged here were gold, bronze and iron, which were used to produce tools, weapons and jewelry.

Who is the best blacksmith in the world?

Table of Contents show

• 1.1 1) Lorenz Helmschmied.
• 1.2 2) Simeon Wheelock.
• 1.3 3) Alexander Hamilton Willard.
• 1.4 4) William Goyens.
• 1.5 5) James Black.
• 1.6 6) Thomas Davenport.
• 1.7 7) John Fritz.
• 1.8 8) Samuel Yellin.

Who was the first person to forge?

As with the cultural history of man, the history of forging metals springs from the land between the Tigris and the Euphrates, one called Mesopotamia. The earliest signs of metalworking date back to about 4500 B.C. The inhabitants of this fertile valley were the Sumerians.

Why forging is preferred?

Forging generates superior predictable strength with a guarantee of performance. Forging secures increased strength from heat and pressure. Casting does not. Through the application of heat, forging refines grain pattern, resulting in high strength, ductility and improved resistance, making them more reliable.

Why is forging better than casting?

Forged steel is generally stronger and more reliable than castings and plate steel due to the fact that the grain flows of the steel are altered, conforming to the shape of the part. The advantages of forging include: Generally tougher than alternatives. Will handle impact better than castings.

What are the common six defects of forging?

Common Defects of Steel Forgings

• Unfilled Section: As the name implies in this type of defect some of the forging section remain unfilled. …
• Cold Shut: Cold shut includes small cracks at corners. …
• Scale Pits: …
• Die Shift: …
• Flakes: …
• Improper Grain Growth: …
• Incomplete Forging Penetration: …
• Surface Cracking: