News: Ramkrishna Forgings in a regulatory exchange filing informed about a multiyear export order of Rs 105 crore per annum received from leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks and buses in the USA. The supplies for the same are expected to commence from CY23
View: This is a significant order win for the company with new order wins in FY22 pegged at ~Rs 984 crore. With expectations of ~Rs 3,200 crore sales in FY24E, this will add ~3% incrementally to company’s topline. It bodes well for long term sustainable and profitable growth at the company, going forward. With double digit EBITDA margins and return ratios, the company trades at inexpensive valuation of <10x PE on FY24E numbers
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