Ramkrishna Forgings Limited has informed the Exchange about Investor Presentation
RAMERISHNA FORGINGS LIMITED Date: 20 January, 2023 To To The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited PJ Towers “Exchange Plaza” C-1, Block G Dalal Street Bandra- Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai- 400051 BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE Dear Sir / Madam, Sub: Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Investors Presentation Please find enclosed herewith the copy of the Q3 & 9M FY23 Earnings Presentation of the Company for the Quarter and Nine Months ended 31 December, 2022. This is for your kind information and records. Thanking You. Yours truly, For Ramkrishna Forgings Lim ited ers EG: fe oui 6 By) Rajesh Mundhra ot Ss) Company Secretary & Conmaticcce iance Officer ACS: 12991 Encl.: As above REGISTERED & CORPORATE OFFICE 23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA PHONE : (+91 33)4082 0900 / 7122 0900, FAX: (+91 33)4082 0998 / 7122 0998, EMAIL: info@ramkrishnaforgings.com, WEB : www.ramkrishnaforgings.com CIN NO. :L74210WB1981PLC034281 Earnings Presentation : Q3 & 9M FY23
Q3 & 9M FY23 Highlights
Q3 & 9MFY23 Earnings Presentation
Strong growth backed by profitability
(Standalone)
Revenue
EBITDA* & EBITDA Margin
PAT & PAT Margin
(₹ in Lakhs)
+24%
76,255
75,231
+19%
17,006
16,628
60,605
14,021
+28%
6,394
5,757
4,512
23.1%
22.3%
22.1%
7.4%
8.4%
7.7%
Q3FY22
Q2FY23
Q3FY23
Q3FY22
Q2FY23
Q3FY23
Q3FY22
Q2FY23
Q3FY23
Revenue
EBITDA* & EBITDA Margin
PAT & PAT Margin
+35%
2,16,560
1,60,213
+28%
48,003
37,471
+41%
16,877
11,985
23.4%
22.2%
7.5%
7.8%
9MFY22
9MFY23
9MFY22
9MFY23
9MFY22
9MFY23
*Excluding Other Income ; Note: Rounded off to the nearest whole number Q3 & 9MFY23 Earnings Presentation
3
Strong growth backed by profitability
(Consolidated)
Revenue
EBITDA* & EBITDA Margin
PAT & PAT Margin
(₹ in Lakhs)
+29%
82,444
77,748
60,132
+23%
17,538
17,299
14,118
+35%
6,723
6,104
4,535
23.5%
21.3 %
22.2%
7.5%
8.2%
7.9%
Q3FY22
Q2FY23
Q3FY23
Q3FY22
Q2FY23
Q3FY23
Q3FY22
Q2FY23
Q3FY23
Revenue
EBITDA* & EBITDA Margin
PAT & PAT Margin
+44%
2,30,125
1,60,152
+35%
49,832
36,803
+57%
17,966
11,410
23.0%
21.7%
7.1%
7.8%
9MFY22
9MFY23
9MFY22
9MFY23
9MFY22
9MFY23
*Excluding Other Income ; Note: Rounded off to the nearest whole number Q3 & 9MFY23 Earnings Presentation
4
… coupled with increasing volumes
Volume (tons)
Realisation (Rs. Lac/ (ton)
+13%
32,180
33,390
20,531
20,842
29,520
19,172
10,348
11,649
12,548
1.75
2.27
1.92
1.90
2.52
2.43
Q3FY22
Q2FY23
Q3FY23
Q3FY22
Q2FY23
Q3FY23
Volume (tons)
Realisation (Rs. Lac/ (ton)
+21%
96,066
62,099
79,705
47,206
32,499
33,967
1.74
2.22
1.94
2.46
9MFY22
9MFY23
9MFY22
9MFY23
Q3 & 9MFY23 Earnings Presentation
Domestic Markets*
Export Markets**
Total Revenue Breakup (Rs. Lakhs.)
Particulars
Q3FY23 Q3FY22
YoY
Q2FY23
QoQ
Domestic Markets
41,911
34,272
22.3% 43,626
-3.9%
Export Markets
32,691
25,969
25.9% 32,109
1.8%
Other Income
Export Incentive
81
629
168
365
-51.8%
72.4%
59
520
36.0%
21.1%
Total
75,312
60,774
23.9% 76,314
-1.3%
Total Revenue Breakup (Rs. Lakhs.)
Particulars
Domestic Markets
Export Markets
Other Income
Export Incentive
Total
9MFY23
9MFY22
YoY
125,462
89,539
206
1559
82,328
76,667
285
1217
216,766
160,497
52.4%
16.8%
-27.6%
28.1%
35.0%
*Realisation excluding Fabrication sales ** Realisation excluding ocean freight
5
…. leading to higher utilizations
Particulars
Installed Capacity
Q3FY23
Q2FY23
Q1FY23
Q4FY22
Q3FY22
Q2FY22
Production Capacity (MT)
Utilisation (%)*
Production Capacity (MT)
Utilisation (%)*
Production Capacity (MT)
Utilisation (%)*
Production Capacity (MT)
Utilisation (%)*
Production Capacity (MT)
Utilisation (%)*
Production Capacity (MT)
Utilisation (%)*
Ring Rolling
24,000
7,390
123%
7,042
117%
7,018
117%
6,841
114%
6,918
115%
6,990
117%
Forgings
46,000
12,810
111%
11,732
102%
10,963
95%
12,104
105%
10,766
94%
11,606
101%
Press
117,100
19.880
68%
19,696
67%
18,489
63%
19,038
65%
16,473
56%
18,267
62%
Total Capacity
187,100
40,080
86%
38,470
82%
36,470
78%
37,983
81%
34,157
73%
36,863
79%
*Utilzation (%) has been calculated on installed capacity on Annualized basis
Q3 & 9MFY23 Earnings Presentation
6
Diversified revenues across segments & geographies
By Geography
By Segment
By Industry
9MFY23
17%
12%
21%
9MFY23
FY22
Automobiles
79.3%
81.1%
71%
79%
Railways
2.8%
1.7%
Asia
Europe
North America
Auto
Non-Auto
FY22
19%
30%
14%
56%
Mining, Earth Moving, Farm & Gen. Engg
8.0%
7.6%
Oil & Gas
1.6%
0.9%
81%
Others
8.3%
8.7%
Asia
Europe
North America
Auto
Non-Auto
Q3 & 9MFY23 Earnings Presentation
7
About Ramkrishna Forgings
Q3 & 9MFY23 Earnings Presentation
One of the largest forging player in India
Key Highlights
Manufacturer and supplier of a variety of auto and non-auto components
Global presence with footprints in North America and Europe
2nd largest forging player in India with over 30 years of experience
Promoter possessing multi- decade forgings industry experience
Continued focus on diversification with foray into EV
Longstanding relationship with marquee customers
Vision, Mission & Core Values
Vision
Mission
Core Values
To be the most dependable and preferred supplier of forged and rolled components for the railways, automobile, mining, earthmoving, oil exploration, farm equipment, bearing and general engineering industry by providing world class products at competitive prices through a knowledge-based organization
Create value for all business associates, shareholders and customers in all the areas of business in which we are associated with and to become an active partner in employee well-being and philanthropic causes
Customer centric approach Continual improvements in systems Commitment to human development
Q3 & 9MFY23 Earnings Presentation
9
… with over four decades of unique capabilities
Commenced ring rolling press line with machining facilities
2007
Commissioned 2 press lines of 3,150T and 4,500T. Commenced supplies to leading Tier I customer in North America
2014
In-house R&D team received accreditation from DSIR. Raised ₹ 2,000mn via QIP
2017
Commissioned 7,000T Press Line. Commissioned a Warm Forging Line and a Fabrication Facility
2021
Launched IPO
2004
1981
Company Incorporation
2006 Investment from UTI Venture Funds Management Company (Ascent Capital Limited)
2013
Received equity and debt funding from IFC. Equity funding from Wayzata for automated press
2020
Commissioned a Hollow Spindle Line
2015
Commissioned 2 of its press lines of 6,300T & 12,500T
Q3 & 9MFY23 Earnings Presentation
10
… with state of the art manufacturing facilities
1
2
3
Ring Rolling
Press
Machined
• Ring Rolling facility with robotics which can roll
• First company in India to have fully automated
crown wheels upto 500mm diameter and a capacity
12,500T wedge press line
to forge components from 15-70 kgs
• Capability to manufacture complex and heavy forged
• Ability to forge one component in 25-40seconds
components
• State of the art machinery and capabilities which
includes turning Center, gear hobbing, shaping,
shaving and broaching.
1
2
3
4
6 large modern facilities in India >> Strategic location benefits coupled with economies of scale
Technology led operations better solutions, optimum yield and enhanced quality of products
Extensive manufacturing capabilities >> Ability to manufacture diverse products
Agile, flexible operations >> Customized customer centric solutions
Q3 & 9MFY23 Earnings Presentation
11
… at strategic locations giving us competitive edge
1
Proximity to automobile manufacturing hubs & key suppliers
• RKFL’s facilities in eastern India are located in close proximity to automobile manufacturing
hubs and key suppliers of of raw material
• Less chance of supply interruptions • Lower logistics cost • Reduced working capital requirements
All facilities located within the same region
• Better integration resulting in efficient processes • • Overall cost savings, including administrative costs
Improved coordination
Proximity to key export hubs
• Reduces logistics cost
• 302km* to Kolkata port • 270km* to Haldia port
Availability of labor
• Eastern region is the industrial center of India • Low cost labor easily available • Lower dependency on migrant laborers
2
3
4
Jharkhand
West Bengal
Jamshedpur facility
Seraikela – Kharswan facility
Howrah facility
Kolkata Port
Haldia Port
Manufacturing facilities
Ports for Export
Q3 & 9MFY23 Earnings Presentation
*approximate distance from Jamshedpur facility
12
… demonstrating superior performance*
17
1,87,100
77.2%
Countries Served
Installed Capacity
Capacity Utilisation
₹ 2,285 cr
43.3%
2%
Revenue 77% YoY
Export Revenue Mix 7.8% YoY
Total Turnover from EV
1,11,742
Sales Volume 42% YoY
₹ 527 cr
EBITDA 129% YoY
23.1%
EBITDA Margin
14.7%
ROCE
18.9%
2.5x
ROE
Net Debt to EBITDA
*As on 31st March 2022 on standalone financials
Q3 & 9MFY23 Earnings Presentation
13
… offering diversified products
1
Front Axle & Steering
I Beam
Knuckle
1
2
3
4
5
Steering Arm
Tie Rod Arm
2
Engine
3
Suspension & Chassis
4
Transmission
Sector Shaft
Front Hub
Crankshaft
Camshaft
Connecting Rod
Piston
Pitman Arm
BC Lever Assembly
Transmission Gears
Mounting Brackets
Yokes
UJ Cross
Transmission Shafts
Differential Gear & Differential Pinion
Q3 & 9MFY23 Earnings Presentation
14
5
Rear Axle
Crown Wheel
Pinion
Differential Case
Differential Case Cover
Spindle
Rear Axle Shaft
Spider
… across diversified segments
Tractors & Tillers
Earth Moving
1,2,3 & 4 Cyl Forged Crankshafts
Bucket
Backhoe Bucket
Shovel
Track Link
Track Roller
Bucket Tooth
Crown Wheel & Pinion
Rear Axle Shafts
Transmission Shafts & Gears
Pivot Pin
Prop Shaft
Bearing Centre
Q3 & 9MFY23 Earnings Presentation
15
… across diversified industries
Railways
Energy
Bogie Frame
Bogie Bolster
Wing Nut
Valve Bonnet
Draw Gear Assembly
Screw Coupling
Hanger Anti Roll Bar Assembly
T Bolt Socket Joint
Toothed Crusher Hammer
Q3 & 9MFY23 Earnings Presentation
16
… with growing global footprints
With consistently growing exports *
43.3%
+5%
40.2%
39.5%
Headquarters & Manufacturing facilities Headquarters – Kalkata 6 manufacturing facilities • Jamshedpur – 3 • Serailkela – Kharswan – 2 • Howrah – West Bengal – 1
Sales representative office: • Detroit, USA • • • Germany • Italy
Sao Paulo, Brazil Istanbul, Turkey
Warehousing facility: • Shelbyville, USA • Hagerstown, USA • Monterrey, Mexico • Toluca, Mexico • Westerloo, Belgium
Q3 & 9MFY23 Earnings Presentation
FY2020
FY2021
FY2022
*Exports as a % of total revenue from operations
17
Way Forward
Q3 & 9MFY23 Earnings Presentation
Multiple vectors to accentuate growth and increase profit
Continued focus on diversification
Clearly Identified Growth Strategies
Continued investment in innovation and technology
Continued cost and process optimization
➢ Geographical – Further
diversification into international markets
➢ Sector – Increasing the gamut of products that are currently manufactured towards non- automotive customers
➢ Product – Diversification into high margin, niche products and EV
➢ Enhancing R&D capabilities to further provide competitive edge with respect to quality and cost
➢ Investment in modern technology and
equipments solidifying the competitive edge
➢ Accelerated efforts to optimize and improve process efficiency ➢ Focus on achieving economies of scale
Q3 & 9MFY23 Earnings Presentation
19
Well positioned to capture future growth
• We are adding 56300 Tons capacity.
• Will be ready by the above new Capacities by September 2023 and with this capacities, we will be able to achieve a topline of Rs 5000 Crores (at current commodity price)
• Capacity sufficient for the next phase of growth.
Installed Capacity
1,17,100
46,000
24,000
Ring Rolling
Forgings
Press
• Capacity ramp-up along with operating leverage will result in faster improvement in
Capacity Utilization*
profitability.
Q3 & 9MFY23 Earnings Presentation
119.17%
102.91%
66.11%
58,065
35,505
21,450
Ring Rolling
Forgings
Press
*As on December 31, 2023
20
EV programs running globally
North America
Europe
India/ASIA Pacific
India / Asia Pacific 3 Customer ✓ 6 Programs ❑ 3 Programs
Europe 2 Customer ❑ 3 Programs
North America 1 Customer ✓ 5 Programs ❑ 4 Programs
Q3 & 9MFY23 Earnings Presentation
✓ Programs in Serial Productions ❑ Programs in Order book ❑ Swedish OEM awards business worth 15 million Euros for component to commence their development & supplies till 2030 for the awarded business.
to their EV truck for European Market
21
Disciplined capital allocation priorities
Particulars
Long Term Debt (incl. current Maturities of Long Term Debt)
Short Term Debt
Total Debt
Mar’22
99,185
58,554
1,57,740
₹ in Lakhs
Dec’22
91,756
36,933
1,28,689
01
The Company expect to achieve a revenue growth of 20% CAGR over a period of next 3 years
The repayment of debt and payment of dividend will be commensurate with increased cash flow in line with the above growth.
02
Q3 & 9MFY23 Earnings Presentation
22
… with improving key ratios
Gross Margin (%)
EBIDTA Margin (%)
57. 0%
55. 0%
53. 0%
51. 0%
49. 0%
47. 0%
45. 0%
0
12. 00%
11. 90%
11. 80%
11. 70%
11. 60%
11. 50%
11. 40%
0
53.8%
51.7%
0.5
1
1.5
2
2.5
3
3.5
Q3FY22
Q3FY23
PBT Margin (%)
11.64%
11.77%
0.5
1
1.5
2
2.5
3
3.5
Q3FY22
Q3FY23
25. 00%
24. 50%
24. 00%
23. 50%
23. 00%
22. 50%
22. 00%
21. 50%
21. 00%
20. 50%
20. 00%
0
7.7 5%
7.6 5%
7.5 5%
7.4 5%
7.3 5%
7.2 5%
7.1 5%
0
Q3 & 9MFY23 Earnings Presentation
23.13%
22.10%
0.5
1
1.5
2
2.5
3
3.5
Q3FY22
Q3FY23
PAT Margin (%)
7.65%
7.45%
0.5
1
1.5
2
2.5
3
3.5
Q3FY22
Q3FY23
23
… with improving return ratios
ROCE (%)
Net Debt to EBITDA (X)
Fixed Asset Turnover (x)
17.93%
4.66
4.65
14.73%
1.74
1.47
5.80%
4.58%
2.54
1.89
0.81
0.86
FY20*
FY21**
FY22
9MFY23#
FY20*
FY21**
FY22
9MFY23 #
FY20*
FY21**
FY22
9MFY23 #
# Annualized. ROCE- EBIT Less Other Income / (Net Debt + Equity) Net Debt to Equity- Net Debt/ Net worth FATR- Revenue / Fixed Assets (Net) *- Fy20 Performance impacted due to economic slowdown leading to sluggish demand for CVs ** - FY21 Performance impacted due to COVID-19 induced lockdown
Q3 & 9MFY23 Earnings Presentation
24
Acquiring Growth: Ramkrishna Forgings to acquire JMT Auto
Details of the acquisition
o Lenders to JMT Auto, a unit of Amtek Auto group, have approved a resolution plan by Ramkrishna Forgings Limited.
o The acquisition plan had been 84.61% duly Committee of Creditors, subject to approval of NCLT Delhi.
approved
by
o Transfer
is
expected
be completed within 60 days of the order.
to
o The acquisition will be financed through internal accruals and debt.
About JMT Auto
o JMT
Auto
significant has expertise in the auto sector with treatment capabilities in heat and gear
o It
also
specializes
in manufacturing of components for the Oil and Gas industry.
variety
a
over
2000
o It is one of the leading producer different of components which range from Engine components, gears, shaft, Pins and Pipe Assemblies, among others.
The acquisition will create a larger, more diversified company with increased scale and market reach.
Q3 & 9MFY23 Earnings Presentation
25
Historical Performance
Q3 & 9MFY23 Earnings Presentation
Income Statement
Particulate (₹ in lakhs)
Revenue from Operations Cost of Material Consumed
Change in Inventories of Finished goods & Work in Progress Cost of services
Purchases of stock-in-trade Total Raw Material Gross Profit Gross Profit Margin (%) Employee Expenses Power and fuel Other Expenses EBITDA EBITDA Margin (%) Other Income
Depreciation
EBIT EBIT Margin (%) Finance Cost Profit before Tax Profit before Tax(%) Tax Profit After Tax PAT Margin (%) EPS (As per Profit after Tax)
Q3 & 9MFY23 Earnings Presentation
FY20
1,11,182 55,611 (4,938) - - 50,673 60,509 54.4% 9,424 9,719 20,995 20,372 18.3% 602
12,016
8,957 8.1% 7,515 1,442 1.3% 480 961 0.9% 2.95
FY21
1,28,838 64,083 157 - - 64,240 64,597 50.1% 9,037 9,354 23,214 22,993 17.8% 461
11,628
11,826 9.2% 7,678 4,148 3.2% 1,352 2,796 2.2% 1.74
FY22
2,28,537 121,423 (18,345) - - 1,03,077 1,25,459 54.9% 12,028 15,240 45,493 52,697 23.1% 161
16,906
35,952 15.7% 9,335 26,617 11.6% 5,967 20,650 9.0% 12.91
27
Balance Sheet
Equity & Liabilities (₹ in lakhs)
FY20
FY21
FY22
Equity
Equity Share Capital Other Equity
Total Equity Non-Current Liabilities Financial Liabilities
Borrowings Lease Liabilities
Deferred Tax Liabilities Provisions Other Non Current Liabilities Total Non-Current Liabilities Current Liabilities Financial Liabilities
Borrowings Lease Liabilities Trade Payables
Other Current Financial Liabilities
Other current liabilities Provisions Current Tax Liabilities (net) Total Current Liabilities Total Equity & Liabilities
Q3 & 9MFY23 Earnings Presentation
3,261 84,382 87,643
3,193 85,804 88,997
3,198 1,06,210 1,09,408
47,903 353 5,945 - 1,678 55,878
66,360 378 6,588 - 1,699 75,026
85,945 2,280 7,927 - 1,568 97,720
36,425 40 20,693
15,791
759 534 - 74,242 2,17,763
54,160 22 42,916
71,794 429 57,457
4,886
3,594
1,228 520 170 1,03,901 2,67,923
2,401 595 213 1,36,484 3,43,612
Assets (₹ in lakhs) Non ‐ Current Assets Property, plant and equipment Capital work‐in‐progress Right of use assets Goodwill on Amalgamation Intangible assets Financial Assets Investments Trade Receivables Loans Other Financial Assets Non-current Tax Assets Deferred Tax Assets Other non‐current assets Total Non ‐ Current Assets Current Assets Inventories Financial Assets Investments Trade receivables Cash and cash equivalents Bank balances other than (iii) above Loans Other current financial assets
Other current assets Current Tax Assets Total Current Assets TOTAL ASSETS
FY20
FY21
FY22
1,15,732 21,644 841 - 82
1,930 371 1,350 71 250 - 2,232 1,44,502
1,22,183 27,202 1,009 - 79
1,938 - 170 1,270 250 - 1,485 1,55,585
1,43,394 12,509 3,058 - 113
1,938 - 222 1,324 250 - 5,316 1,68,123
35,719
42,994
68,267
- 30,260 226 7 732 3,231 3,072 14 73,261 2,17,763
- 55,993 6,659 22 12 1,082 5,563 14 1,12,339 2,67,923
5,500 87,781 3,102 134 112 3,488 7,089 14 1,75,489 3,43,612
28
Cash Flow
Particulate (₹ in lakhs)
FY20
FY21
FY22
Cash Flow from Operating Activities
Profit before Tax
Adjustment for Non-Operating Items
Operating Profit before Working Capital Changes
Changes in Working Capital
Cash Generated from Operations
Less: Direct Taxes paid
Net Cash from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net increase/ (decrease) in Cash & Cash equivalent
Add: Cash and cash equivalents as at 1st April
Cash and cash equivalents as at 31st March
Q3 & 9MFY23 Earnings Presentation
1,442
-17,667
19,109
6,678
25,786
-670
25,116
-22,493
-2,590
33
194
226
4,148
-18,453
22,601
-9,394
13,207
-557
12,650
-22,622
16,405
6,432
226
6,659
26,617
-23,621
50,238
-41,774
8,464
-4,556
3,908
-35,348
27,884
-3,556
6,659
3,102
29
Our Commitment
Q3 & 9MFY23 Earnings Presentation
Our Commitments | Q3 2022 Highlights
Environmental Consciousness RKFL is committed to taking sustained efforts towards creating a healthy planet by reducing our carbon footprint, mitigating climate change and optimizing our business operations
Valuable Partnership We are also committed to building Sustainable Supply Chains through effective management, Supplier audits and deepening Supplier relationships
Our Transformational Journey
Rewarding Workplace We value a diverse workforce and work towards creating a healthy workplace where talent is developed, recognized and rewarded
Empowered Community We place the welfare of the community at the heart of the operations including assurance of highest quality & safety of the end products
Robust Governance As an organization RKFL is committed to following an effective governance model with a focus on business integrity to achieve business and ESG goals by institutionalizing an effective corporate governance structure and deploying a Risk Management Framework covering mitigation measures for all potential business and sustainability risks
We understand that our ambitions cannot be achieved in isolation which is why we have aligned all our commitments to United Nations Sustainable Development Goals (SDGs). Within this document we indicate where our activity aligns with specific SDGs, although this is not exhaustive.
Q3 & 9MFY23 Earnings Presentation
31
Environmental Initiatives | Q3 2022 Highlights
Environmental
Social
Governance
01
02
Clean Energy Practices
Energy Optimisation
Our Goal: To be powered by 50% green energy by 2028
Our Goal: To be Carbon Neutral by 2050
As the pressure on fossil fuels in the country is increasing, RKFL is striving to adopt energy conservation methods to protect natural resources while remaining competitive.
Based on our discussion with a technology partner and initial assessment, we have decided to install an 8MW solar power plant in Jamshedpur.
Vendor evaluation process and discussion on technical parameters is currently being conducted.
At RKFL, we understand that our planet stands at the cusp of climate action to ensure that its effects do not become irreversible and catastrophic.
In an effort to develop a clear roadmap to improve our energy usage including transportation and distribution losses, we have decided to conduct a detailed energy audit by an independent third party .
Energy Audit is being conducted at our premises since January 2023. We expect to receive the audit report by February 2023.
Q3 & 9MFY23 Earnings Presentation
32
Environmental Initiatives | Q3 2022 Highlights
Environmental
Social
Governance
03
04
Product Stewardship
Waste & Water Management
EU has agreed provisionally on Carbon Border Adjustment Mechanism (CBAM) to establish carbon pricing policies with partner countries. It aims to promote opportunities in clean technology globally and provide a levelled competitive platform for local and foreign producers. Additional charges will be imposed on imports based on emission intensity of production processes.
With the aim to conform to these reporting standards and reduce our border tax liabilities, we will be conducting a Life Cycle Assessment for three of our products including front axle beam and crown wheel.
We are currently evaluating the product portfolio to finalize the third product for this assessment.
Our Goal: Recycle 100% of our water use by 2025; Decrease 50% of our waste generation by 2030
We have completed the study to identify areas of improvement in waste & water management and have tagged the following recommendations –
Water Stewardship
Waste Management
Establishing zero liquid discharge/ water recycling techniques at our plant sites
Improvement in waste segregation techniques at source
Carbon Neutral Strategy
Installation of Continuous Emission Monitoring System (CEMS) at all plant sites
Our technical team is currently reviewing the approach to implement these recommendations
Q3 & 9MFY23 Earnings Presentation
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Social Initiatives | Q3 2022 Highlights
Environmental
Social
Governance
01
02
Empowering our community
Talent Development
Our Goal: Increase Employee Volunteering to 55% by 2030
Our Goal: Train 100% of our employees on ESG by 2023
We interact with the community through our engagement team to understand the needs of the community and respond in an effective manner. We have provided continuous support to our local community through the following initiatives -
Capacity building workshop for all our employees and value chain partners will enable our organization to develop competencies and skills that can make us more effective and sustainable. We aim to co-create solutions with our stakeholders by strengthening the ecosystem of our operations.
Access to healthcare
Providing healthcare facilities to local community in Balicumba through our Medical Camp
Clean Cities
Sponsored installation and maintenance of 45 bins in Jamshedpur
We will be conducting capacity building workshops on the evolving landscape of ESG regulations, trends and best practices. This will create awareness among all RKFL employees and build a robust structure to meet our ESG commitments.
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Governance Initiatives | Q3 2022 Highlights
Environmental
Social
Governance
01
02
Corporate Governance
Policy Structure
Our Goal: Build effective policies and strengthen our outreach
Effective board structure and management are critical to being profitable and ensuring good governance across all levels. We have a ESG Working Committee to help integrate ESG across the organization.
In order to create transparency and increase accountability across all our stakeholders, we are revamping our existing company policies and reinforcing our professional quality standards.
Our Executive Director and CFO, Mr. Lalit Khetan is the sponsor for ESG at RKFL and thus ensures Board Oversight
New Policies
We have finalized our Human Rights Policy and Diversity, Equity & Inclusion Policy
RKFL has created a cross functional set of leaders to help deliver ESG initiatives and integrate them into our organization.
Hence today a cross function of leaders from Sales, HR, Company Secretary, Plant Operations, Marketing and Procurement are part of the ESG working committee.
Mr. Lalit Khetan oversees this Committee.
Upcoming Policies
Customer Grievance Redressal Policy, Data Privacy and Cyber Security Policy, Stakeholder Engagement Policy to be introduced this year
Refreshing Policies
CSR Policy, Employee Code of Conduct and Supplier Quality Manual will be refreshed
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Q3 & 9M FY23 EARNINGS CALL
SCHEDULED ON: Friday, January 20, 2023 AT 16:30 HOURS INDIA TIME
PRE-REGISTRATION LINK
CLICK HERE TO JOIN THE CALL
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Safe harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ramkrishna Forgings Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
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COMPANY :
Ramkrishna Forgings Limited CIN : L74210WB1981PLC034281 Mr. Lalit Kumar Khetan (Whole Time Director & CFO) E: lalit.khetan@ramkrishnaforgings.com www.ramkrishnaforgings.com
INVESTOR RELATIONS ADVISORS :
Orient Capital (a division of Link Group)
Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in
Mr. Amar Yardi +91 7045121239 amar.yardi@linkintime.co.in