Krishanveer Forge's Quality Grade Change Reflects Strong Operational Performance and Stability

Krishanveer Forge, a microcap player in the Castings & Forgings industry, has recently undergone an evaluation revision that reflects its current operational performance. The company has demonstrated a solid sales growth rate of 9.74% over the past five years, alongside a modest EBIT growth of 2.44%. Financial stability is highlighted by a favorable EBIT to interest ratio of 5.28 and a low debt to EBITDA ratio of 0.52, indicating effective management of financial obligations.
In terms of capital efficiency, Krishanveer Forge shows a sales to capital employed ratio of 1.83, which suggests effective utilization of its resources. The company maintains a tax ratio of 25.73% and has a commendable return on capital employed (ROCE) of 18.82% and return on equity (ROE) of 10.58%. Notably, the company has no pledged shares or institutional holdings, which may reflect a stable ownership structure.

When compared to its peers, Krishanveer Forge stands out with its robust sales growth and financial metrics, particularly in a competitive landscape where other companies exhibit varied performance levels. This evaluation adjustment underscores the company's position within the industry, highlighting its operational strengths amidst a diverse peer group.