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RKFORGE Share Price Target

Ramkrishna Forgings Ltd.
Sector: Engineering
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RKFORGE Share Price *
283.75 -7.4 (-2.54%)
* (quote may be delayed)
RKFORGE Share Price Forecast - Consensus
No. of reports in last year
5
No. of analysts
3
Average Consensus Forecast
636.60
Consensus Potential
49.86%

RKFORGE Share Price Target - Broker Reports - 2019

Reliance Securities
13-Aug-19
Price @ Call: 430.35
Target: 395
REDUCE
Lowering our volume estimates, we expect RFL’s volume to clock just 1% CAGR over FY19-FY21E. We decrease our revenue and EBIDTA estimates by 17%/11% and 17%/10% for FY20E/FY21E and reduce our EPS estimate by 28%/8% for FY20E/FY21E. The Management has indicated lower capex for FY20E, assuming lower demand, which signifies concern for the domestic M&HCV industry’s growth in the coming years. Further, heavy truck orders are slowing down in North America indicating lower production in future. Considering volume decline during down-cycle for M&HCV, likely slowdown in export market, margin pressure and reducing return ratios we lower our P/E valuation multiple to 12x (from 13x earlier) and maintain our REDUCE recommendation on the stock with a revised Target Price of Rs395 (from Rs465 earlier), valuing it at 12xFY21 EPS.
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Reliance Securities
28-May-19
Price @ Call: 488.82
Target: 465
REDUCE
The Management has indicated lower capex plan for FY20E, assuming lower demand, which signifies imminent growth concern for the domestic M&HCV industry in the coming years. Further, heavy truck orders are slowing down in North America, which suggests lower production in future. Considering likely fall in volume during down-cycle for M&HCVs, slowdown in exports market and margin pressure, we maintain our REDUCE recommendation on the stock with a revised Price Target of Rs465 (from Rs455 earlier), valuing it at 13xFY21E EPS.
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HDFC Securities
6-Feb-19
Price @ Call: 485
Target: 705
BUY

RKFORGE Share Price Target - Broker Reports - 2018

SPA Securities
30-Nov-18
Price @ Call: 520.64
Target: 710
BUY

HDFC Securities
5-Nov-18
Price @ Call: 595.61
Target: 908
BUY

HDFC Securities
11-Sep-18
Price @ Call: 623.68
Target: 908
BUY

SPA Securities
1-Aug-18
Price @ Call: 651
Target: 882
BUY

AnandRathi
1-Aug-18
Price @ Call: 651
Target: 904
BUY

Edelweiss
31-Jul-18
Price @ Call: 650.95
Target: 950
BUY

Reliance Securities
5-Apr-18
Price @ Call: 824.9
Target: 975
BUY

Edelweiss
30-Jan-18
Price @ Call: 797.37
Target: 950
BUY

RKFORGE Share Price Target - Broker Reports - 2017

Reliance Securities
19-Dec-17
Price @ Call: 794.65
Target: 975
BUY

Joindre Capital Services
28-Sep-17
Price @ Call: 552.65
Target: 720
BUY

Edelweiss
23-May-17
Price @ Call: 458
Target: 525
BUY

HDFC Securities
14-Feb-17
Price @ Call: 423
Target: 474
BUY

RKFORGE Share Price Target - Broker Reports - 2016

Edelweiss
15-Nov-16
Price @ Call: 301
Target: 500
BUY

Motilal Oswal
28-Jun-16
Price @ Call: 410
Target: 490
BUY

AnandRathi
20-Jun-16
Price @ Call: 433.25
Target: 540
BUY

Motilal Oswal
25-May-16
Price @ Call: 370
Target: 490
BUY

Edelweiss
23-May-16
Price @ Call: 375
Target: 665
BUY

  • RKFORGE - Share Price Target Potential

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    BrokerageTargetPotential
    Reliance Securities39526.29%
    HDFC Securities70558.70%
    SPA Securities71058.99%