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Anand Rathi Report
New multi-year order wins across existing and new original equipment manufacturers (domestic and export) and the gradual pace of recovery in the automobile segment domestically coupled with ~80% utilisation led to the highest margins for Ramkrishna Forgings Ltd. for the quarter.
The foray into electric vehicles with customers acquired and focus on its product range, coupled with its railway business would augur well for Ramkrishna Forgings' growth in the next two years.
Risks - more-than-expected revenue in FY22.
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