Ramkrishna Forgings Limited Buyback 2020
(i) Ramkrishna Forgings Limited was founded on 12th November 1981 on a bed of integrity, fueled by burning ambition. Years of staying true to its principles and tireless endeavors, they have produced rich results. They became a limited company on 25th May 1995 and today they are an organization manned by qualified and highly skilled people with state-of-the-art manufacturing facilities and international levels of quality control.
(ii) They are suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets.
They are also a critical safety item supplier for Screw Coupling, Bolster suspension, Side frame keys and Draw Gear Assembly for Railway Coaches and wagon. We are a preferred supplier to OEM’s like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, Ford in the overseas markets. They supply globally to Tier 1 axle manufacturers like Dana, Sisamex, Meritor and American Axles.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Apr 03 2020|
|Buyback Closing Date:||Sep 27 2020|
|Buyback Offer Amount:||₹ 40 cr|
|Date of Board Meeting approving the proposal:||Mar 21 2020|
|Date of Public Announcement:||Mar 21 2020|
|Price Type:||Open Market|
|Buyback Price:||₹ 250 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars( in Cr)||Mar-14||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19|
|Profit before tax||13||79||75||17||135||184|
|EPS in Rs||3.07||27.05||18.6||3.91||29.13||36.84|