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Multibagger Forgings stock engaged in the manufacturing and sale of forged components of automobiles, railway wagons & coaches, and many more in focus upon commencing operations of new plant and expansion of existing capacity to foray into new segments and cater to a wide range of customers. 

With a market capitalization of Rs. 12,840 Crores, the shares of Ramkrishna Forgings Limited were trading at Rs. 710.25, up 0.30 percent from its previous day’s close price of Rs. 708.35. It has delivered multibagger returns of 151 percent in a year. 

Ramkrishna Forgings Limited has commenced the commercial production of 4,500 MT of ENOMOTO 630 Tonnes Press Line and 13,750 MT of Maxi Press 6,000 Tonnes Press Line. 

This will enhance the production capacity of the Company by 18,250 Tonnes Per Annum (TPA) taking to a total of 2,29,150 Tonnes Per Annum (TPA). For the above capacity expansion, it has invested around Rs. 54.56 Crores 

The 630 Tonnes Press Line will help the Company to strengthen its foray into Warm Forgings and the 6,000 Tonnes Press Line will help the Company to cater to additional demands from the customers. 

Ramkrishna Forgings Limited is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons & coaches, and engineering parts, it is the the second largest forging player in the country. 

Ramkrishna Forgings Limited has a diversified product portfolio across sectors like commercial vehicles & passenger vehicles, oil & gas, power, earth moving, mining & construction industries, railways, and farm equipment. 

It has reported a return on equity (ROE) of 20.6 percent and a return on capital employed (ROCE) of 18.5 percent, it is making good returns on its equity and capital employed. 

Written by: Bharath K.S 

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