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RKFORGE Share Price Target
Ramkrishna Forgings Ltd.
Sector: Engineering
Sector: Engineering
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.
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.
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