Top Tweets for #PromoterConfidence

26 days ago

#RamkrishnaForgings #RKFORGE #Governance #PromoterConfidence Update on Ramkrishna Forgings' promoter warrant infusion — turns out it's bigger than what we'd previously talked, and there's a governance item worth flagging alongside it. We'd cited a ₹204.75 Cr promoter warrant programme (9,75,000 warrants at ₹2,100, via Riddhi Portfolio) as a confidence signal in the FY25 audit-discrepancy episode. That one's now fully converted — ₹100.80 Cr in March, ₹52.76 Cr in June, cash fully in. What's new: a second, separate warrant programme — 34,00,000 warrants at ₹588 (₹199.92 Cr), allotted to Chaitanya Jalan personally — has also now completed its 75% conversion tranche. Combined, promoters have actually put in ~₹404.67 Cr, not ₹204.75 Cr — roughly double the confidence signal we'd captured, and it's cash-in-hand now, not a pending commitment. Worth flagging alongside it, not as a red flag but as a watch item: five days before this allotment, shareholders approved reclassifying MAA Chandi Financial Advisory Services — a promoter-group entity holding 3.57% of equity — from Promoter Group to Public category. A real reduction in formal promoter-group holding, happening right alongside a capital infusion increasing it elsewhere. Often this kind of reclassification is just family/trust restructuring with no change in economic control — but it's exactly the sort of promoter-structure change worth tracking rather than ignoring, especially on a name already carrying a live governance overhang from FY25. Disclaimer: Invested and biased. Not investment advice. Independent research, not SEBI-registered. Please DYOR.

Avishkar Nagrath

@AvishkarNagrath

2 months ago

#RamkrishnaForgings #RKFORGE #BharatForge #SanseraEngineering #AutoAncillaries Got asked by somebody: can Ramkrishna Forgings eventually trade at Bharat Forge / Sansera-style multiples? This is what I feel: Mechanically, sure. Structurally, not yet — and the gap is worth spelling out. Bharat Forge's ~95-115x and Sansera's ~75x aren't just "the market loves forgings." They're built on three things RKFL doesn't have yet. One: actual revenue-generating optionality — Bharat Forge's defence/aerospace business (artillery systems, Boeing aerostructures) invoices real revenue today; RKFL's aerospace/non-ferrous vertical has zero order book, management said so directly on the Q1 FY27 call, and it's still ~2 years from its first rupee. Two: higher, cleaner ROE — Bharat Forge runs ~12.8% with a long track record; RKFL's ROE was 2.3% in FY26 and going forward should get back to double digits. Three: no open governance question — Bharat Forge and Sansera aren't carrying an unresolved FY25 qualified-audit overhang, and that alone typically caps how much multiple a market extends regardless of operating momentum. RKFL also runs meaningfully more leveraged, at ~3.4x net debt/EBITDA today. There's a subtler point too: Bharat Forge's and Sansera's own rich trailing multiples are themselves sitting on trough-ish earnings from the same industry-wide cyclical dip RKFL just went through. If their earnings recover the way RKFL's is now recovering, their multiples could compress even without their share prices falling — meaning some of this "gap" closes from peer multiples coming down, not just from RKFL's going up. Bottom line: a Bharat-Forge-style re-rating isn't impossible for RKFL — Indian small/mid-caps have re-rated story stocks this hard before, especially if the Rail Wheel JV, Mexico and aerospace optionality all inflect together and a "next Bharat Forge" narrative takes hold. But it needs those optionality legs to convert to actual revenue (not just RFQs), ROE to sustainably clear ~20%, and the audit overhang fully closed first. Until then, most important will be tracking and how the story unfolds. Disclaimer: Invested and biased. Independent research, not SEBI-registered. DYOR.

CA Paaras Gangwal

@ThetaVegaCap

10 months ago

When promoters invest their own money, it speaks louder than guidance. ✅ ₹95 Cr preferential issue ✅ Price: ₹812/share ✅ Dilution: only 2.48% Senores Pharma promoters betting on growth 💪 #PromoterConfidence #EquityMarkets #Senores #Holding

Hohoho @totalbulletin

over 2 years ago

Promoter Confidence Boosts Deepak Fertilisers Amidst Stock's All-Time High Retreat In a significant move signaling confidence in the company's prospects, the promoter of Deepak #DeepakFertilisers #DeepakFertilisers #promoterconfidence #promoters https://t.co/ZwBiqBCKkC

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