Ramkrishna Forgings Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
Concerns
- Premium to sector peers (P/E 95.4x vs industry 38.9x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| M&M Mahindra & Mahindra Limited | ₹2,870 | ₹3.6L Cr | 18.6 | 3.83 | 20.3 | 15.1 | 1.53 |
| MARUTI Maruti Suzuki India Limited | ₹11,579 | ₹3.5L Cr | 24.6 | 3.4 | 14.3 | 18.9 | 0 |
| BAJAJ-AUTO Bajaj Auto Limited | ₹10,485 | ₹2.8L Cr | 23.5 | 7.55 | 29.2 | 28.2 | 0.58 |
| EICHERMOT Eicher Motors Limited | ₹7,300 | ₹1.9L Cr | 33.4 | 7.98 | 24 | 30.5 | 0.02 |
| TVSMOTOR TVS Motor Company Limited | ₹4,240 | ₹1.9L Cr | 54.7 | 21.09 | 33.6 | 17.4 | 3.89 |
| MOTHERSON Samvardhana Motherson International Limited | ₹160 | ₹1.6L Cr | 35.4 | 4.13 | 11.2 | 13.4 | 0.53 |
| HYUNDAI Hyundai Motor India Limited | ₹1,867 | ₹1.5L Cr | 30.4 | 7.59 | 29.9 | 38.4 | 0.05 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
RKFORGE · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 43.15% | 43.17% | 43.17% | 43.17% | 43.16% | 43.12% |
| FII | 23.59% | 24.54% | 23.76% | 24.26% | 24.04% | 24.48% |
| DII | 3.62% | 3.69% | 4.27% | 5.12% | 5.41% | 6.00% |
| Public | 29.58% | 28.53% | 28.72% | 27.43% | 27.37% | 26.27% |
| Others | 0.08% | 0.08% | 0.08% | 0.01% | 0.02% | 0.13% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026, dividend and other business matters
To consider and approve the financial results for the period ended Jun 30, 2026
Interim Dividend - Re 1 Per Share
Interim Dividend - Re 1 Per Share
Interim Dividend - Re 1 Per Share
Record: 1 Nov 2024
Annual General Meeting
Interim Dividend - Re 1 Per Share
Interim Dividend - Re 1 Per Share
Annual General Meeting
Latest News
All newsRamkrishna Forgings announces employee benefit scheme under 2023 plan
*Ramkrishna Forgings announces employee benefit scheme under 2023 plan*. The company has disclosed a corporate filing regarding the Scheme 2023 for eligible employees, details of which include benefits or incentives. Specific financial impact or scale of the scheme is not disclosed in the update. Such internal employee schemes typically do not alter near-term financial outlook. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #EmployeeScheme
Ramkrishna Forgings to participate in Bharat Connect 2026 conference
*Ramkrishna Forgings to participate in Bharat Connect 2026 conference*. The company announced that its management will attend the 'Bharat Connect 2026 - Rising Stars' virtual conference on **28 September 2026**. This event aims to connect emerging companies with institutional investors. No financial updates or strategic announcements were disclosed. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Ramkrishna Forgings discloses ESG rating update
*Ramkrishna Forgings discloses ESG rating update.* The company filed its ESG rating as part of compliance with LODR Regulation 30. This is a routine disclosure with no immediate financial implications. Investors may review the rating for long-term sustainability insights. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG
Ramkrishna Forgings discloses ESG rating update
*Ramkrishna Forgings discloses ESG rating update.* The company filed its ESG rating under LODR regulations. No financial impact expected. This is a routine compliance disclosure. 📊 *STOCKS:* $RKFORGINGS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG
Ramkrishna Forgings holds 44th Annual General Meeting
*Ramkrishna Forgings holds 44th Annual General Meeting.* The company submitted the Scrutinizer's report of the AGM held on **August 29, 2026**, to the exchange. Voting results from the meeting have also been disclosed. This is a routine regulatory update with no immediate market-moving developments. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AGM
Ramkrishna Forgings shares email link for annual report
*Ramkrishna Forgings shares email link for annual report* details with shareholders lacking registered email IDs. The company has sent a web-link to access the **Annual Report 2023-24**. This is a routine compliance update. No financial or operational impact is expected. 📊 *STOCKS:* RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateUpdate
Ramkrishna Forgings promoter reclassified to public category
*Ramkrishna Forgings promoter reclassified to public category.* The company received a No-Objection Letter for reclassifying a promoter group member from **Promoter and Promoter Group** to **Public** category. This move may lead to slight changes in shareholding pattern disclosures. No immediate financial impact is expected. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #PromoterReclassification
Ramkrishna Forgings publishes notice in newspaper
*Ramkrishna Forgings publishes notice in newspaper* as part of regulatory compliance. The filing is a routine disclosure and does not contain any financial or operational update. Such notices are standard for corporate announcements under listing norms. No immediate market-moving information was revealed. 📊 *STOCKS:* $RKFORGE | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.2K Cr 10.7% | ₹1.1K Cr 21.0% | ₹908 Cr 10.5% | ₹1.0K Cr 7.2% | ₹947 Cr 11.8% | ₹1.1K Cr 1.9% | ₹1.1K Cr 9.9% | ₹959 Cr |
| Op. Profit | ₹203 Cr 25.3% | ₹162 Cr 37.3% | ₹118 Cr 16.9% | ₹142 Cr 44.9% | ₹98 Cr 22.2% | ₹126 Cr 23.6% | ₹165 Cr 2.4% | ₹169 Cr |
| OPM | 17.0% 13.3% | 15.0% 15.4% | 13.0% 7.1% | 14.0% 40.0% | 10.0% 16.7% | 12.0% 25.0% | 16.0% 11.1% | 18.0% |
| Net Profit | ₹56 Cr 300.0% | ₹14 Cr 240.0% | ₹-10 Cr 183.3% | ₹12 Cr 94.0% | ₹200 Cr 852.4% | ₹21 Cr 85.0% | ₹140 Cr 154.5% | ₹55 Cr |
| EPS (₹) | 3.08 310.7% | 0.75 244.2% | -0.52 180.0% | 0.65 94.1% | 11.04 851.7% | 1.16 85.0% | 7.72 154.8% | 3.03 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.2K Cr 5.1% | ₹4.0K Cr 8.9% | ₹3.7K Cr 16.0% | ₹3.2K Cr 37.6% | ₹2.3K Cr 80.0% | ₹1.3K Cr 6.0% | ₹1.2K Cr 37.0% | ₹1.9K Cr 29.5% | ₹1.5K Cr 61.9% | ₹921 Cr |
| Expenses | ₹3.6K Cr 3.9% | ₹3.5K Cr 18.5% | ₹2.9K Cr 17.3% | ₹2.5K Cr 38.7% | ₹1.8K Cr 69.2% | ₹1.1K Cr 5.7% | ₹1.0K Cr 34.8% | ₹1.5K Cr 28.5% | ₹1.2K Cr 58.6% | ₹758 Cr |
| Op. Profit | ₹627 Cr 11.8% | ₹561 Cr 27.5% | ₹774 Cr 11.5% | ₹694 Cr 34.0% | ₹518 Cr 131.3% | ₹224 Cr 7.2% | ₹209 Cr 45.9% | ₹386 Cr 33.6% | ₹289 Cr 77.3% | ₹163 Cr |
| OPM | 15.0% 7.1% | 14.0% 33.3% | 21.0% 4.5% | 22.0% 0.0% | 22.0% 29.4% | 17.0% 0.0% | 17.0% 15.0% | 20.0% 5.3% | 19.0% 5.6% | 18.0% |
| Other Income | ₹2 Cr 98.2% | ₹109 Cr 202.8% | ₹36 Cr 800.0% | ₹4 Cr 300.0% | ₹1 Cr 80.0% | ₹5 Cr 16.7% | ₹6 Cr 100.0% | ₹3 Cr 25.0% | ₹4 Cr 42.9% | ₹7 Cr |
| Interest | ₹212 Cr 26.9% | ₹167 Cr 13.6% | ₹147 Cr 20.5% | ₹122 Cr 25.8% | ₹97 Cr 19.8% | ₹81 Cr 1.3% | ₹80 Cr 4.8% | ₹84 Cr 15.1% | ₹73 Cr 6.4% | ₹78 Cr |
| Depreciation | ₹333 Cr 22.9% | ₹271 Cr 5.4% | ₹257 Cr 27.2% | ₹202 Cr 19.5% | ₹169 Cr 44.4% | ₹117 Cr 3.3% | ₹121 Cr 0.0% | ₹121 Cr 42.4% | ₹85 Cr 13.3% | ₹75 Cr |
| PBT | ₹84 Cr 63.6% | ₹231 Cr 43.1% | ₹406 Cr 8.6% | ₹374 Cr 47.8% | ₹253 Cr 690.6% | ₹32 Cr 113.3% | ₹15 Cr 91.8% | ₹184 Cr 36.3% | ₹135 Cr 694.1% | ₹17 Cr |
| Tax % | 15.0% 118.8% | -80.0% 385.7% | 28.0% 17.6% | 34.0% 54.5% | 22.0% 37.1% | 35.0% 2.9% | 34.0% 2.9% | 35.0% 16.7% | 30.0% 9.1% | 33.0% |
| Net Profit | ₹72 Cr 82.7% | ₹415 Cr 42.6% | ₹291 Cr 17.3% | ₹248 Cr 25.3% | ₹198 Cr 842.9% | ₹21 Cr 110.0% | ₹10 Cr 91.7% | ₹120 Cr 26.3% | ₹95 Cr 763.6% | ₹11 Cr |
| EPS (₹) | 3.95 82.8% | 22.93 42.3% | 16.11 3.8% | 15.52 25.6% | 12.36 858.1% | 1.29 118.6% | 0.59 92.0% | 7.36 26.5% | 5.82 646.2% | 0.78 |
| Div Payout | 25.0% 177.8% | 9.0% 25.0% | 12.0% 7.7% | 13.0% 7.1% | 14.0% | 0.0% | 0.0% 100.0% | 4.0% 33.3% | 3.0% 88.5% | 26.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹36 Cr 0.0% | ₹36 Cr 0.0% | ₹36 Cr 12.5% | ₹32 Cr 0.0% | ₹32 Cr 0.0% | ₹32 Cr 3.0% | ₹33 Cr 0.0% | ₹33 Cr 0.0% | ₹33 Cr 13.8% | ₹29 Cr |
| Reserves | ₹3.3K Cr 8.4% | ₹3.0K Cr 15.5% | ₹2.6K Cr 101.4% | ₹1.3K Cr 23.3% | ₹1.0K Cr 22.9% | ₹851 Cr 0.9% | ₹843 Cr 0.4% | ₹840 Cr 15.7% | ₹726 Cr 65.0% | ₹440 Cr |
| Borrowings | ₹2.4K Cr 15.2% | ₹2.1K Cr 76.1% | ₹1.2K Cr 9.5% | ₹1.3K Cr 17.6% | ₹1.6K Cr 31.2% | ₹1.2K Cr 24.2% | ₹993 Cr 8.9% | ₹912 Cr 7.9% | ₹845 Cr 11.7% | ₹957 Cr |
| Other Liabilities | ₹1.4K Cr 4.3% | ₹1.4K Cr 4.1% | ₹1.4K Cr 32.2% | ₹1.1K Cr 37.1% | ₹785 Cr 33.7% | ₹587 Cr 62.6% | ₹361 Cr 13.4% | ₹417 Cr 7.7% | ₹452 Cr 4.4% | ₹433 Cr |
| Total Liabilities | ₹7.2K Cr 9.7% | ₹6.5K Cr 24.1% | ₹5.3K Cr 41.0% | ₹3.7K Cr 7.2% | ₹3.5K Cr 28.8% | ₹2.7K Cr 21.2% | ₹2.2K Cr 1.3% | ₹2.2K Cr 7.1% | ₹2.1K Cr 10.7% | ₹1.9K Cr |
Assets | ||||||||||
| Fixed Assets | ₹3.8K Cr 25.7% | ₹3.0K Cr 23.2% | ₹2.4K Cr 43.4% | ₹1.7K Cr 14.9% | ₹1.5K Cr 18.8% | ₹1.2K Cr 5.5% | ₹1.2K Cr 5.5% | ₹1.1K Cr 3.5% | ₹1.1K Cr 5.1% | ₹1.0K Cr |
| CWIP | ₹337 Cr 32.3% | ₹498 Cr 130.6% | ₹216 Cr 137.4% | ₹91 Cr 29.5% | ₹129 Cr 53.3% | ₹276 Cr 26.0% | ₹219 Cr 68.5% | ₹130 Cr 195.5% | ₹44 Cr 12.0% | ₹50 Cr |
| Investments | ₹241 Cr 26.8% | ₹190 Cr 52.0% | ₹125 Cr | ₹0 Cr 100.0% | ₹55 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹2.8K Cr 0.9% | ₹2.8K Cr 14.3% | ₹2.5K Cr 28.0% | ₹1.9K Cr 6.8% | ₹1.8K Cr 53.6% | ₹1.2K Cr 42.0% | ₹836 Cr 12.6% | ₹957 Cr 2.2% | ₹936 Cr 19.5% | ₹783 Cr |
| Total Assets | ₹7.2K Cr 9.7% | ₹6.5K Cr 24.1% | ₹5.3K Cr 41.0% | ₹3.7K Cr 7.2% | ₹3.5K Cr 28.8% | ₹2.7K Cr 21.2% | ₹2.2K Cr 1.3% | ₹2.2K Cr 7.1% | ₹2.1K Cr 10.7% | ₹1.9K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹840 Cr 2445.5% | ₹33 Cr 94.7% | ₹621 Cr 16.6% | ₹745 Cr 1632.6% | ₹43 Cr 69.3% | ₹140 Cr 44.9% | ₹254 Cr 4.9% | ₹267 Cr 110.2% | ₹127 Cr 11.8% | ₹144 Cr |
| Investing CF | ₹-929 Cr 1.9% | ₹-912 Cr 18.4% | ₹-1.1K Cr 273.6% | ₹-299 Cr 15.5% | ₹-354 Cr 59.5% | ₹-222 Cr 3.9% | ₹-231 Cr 9.1% | ₹-254 Cr 130.9% | ₹-110 Cr 2.8% | ₹-107 Cr |
| Financing CF | ₹235 Cr 67.5% | ₹722 Cr 15.5% | ₹625 Cr 242.7% | ₹-438 Cr 256.4% | ₹280 Cr 90.5% | ₹147 Cr 768.2% | ₹-22 Cr 83.3% | ₹-12 Cr 29.4% | ₹-17 Cr 54.1% | ₹-37 Cr |
| Net Cash Flow | ₹146 Cr 193.0% | ₹-157 Cr 221.7% | ₹129 Cr 1512.5% | ₹8 Cr 125.8% | ₹-31 Cr 147.7% | ₹65 Cr 6400.0% | ₹1 Cr 0.0% | ₹1 Cr | ₹0 Cr 100.0% | ₹-1 Cr |
| Free Cash Flow | ₹-39 Cr 95.8% | ₹-932 Cr 2762.9% | ₹35 Cr 91.0% | ₹390 Cr 252.3% | ₹-256 Cr 181.3% | ₹-91 Cr 437.0% | ₹27 Cr 107.7% | ₹13 Cr 13.3% | ₹15 Cr 55.9% | ₹34 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68d 22.7% | 88d 4.8% | 84d 5.6% | 89d 36.4% | 140d 13.6% | 162d 57.3% | 103d 7.3% | 96d 23.8% | 126d 28.4% | 176d |
| Inventory Days | 211d 8.3% | 230d 11.1% | 207d 9.2% | 228d 9.2% | 251d 0.4% | 252d 3.1% | 260d 98.5% | 131d 14.4% | 153d 32.6% | 227d |
| Days Payable | 193d 2.0% | 197d 1.0% | 199d 0.0% | 199d 7.4% | 215d 13.3% | 248d 60.0% | 155d 40.9% | 110d 28.6% | 154d 48.3% | 298d |
| Cash Conv. Cycle | 86d 28.9% | 121d 33.0% | 91d 22.9% | 118d 33.0% | 176d 6.0% | 166d 20.2% | 208d 77.8% | 117d 6.4% | 125d 19.0% | 105d |
| Working Capital Days | 13d 31.6% | 19d 64.8% | 54d 42.1% | 38d 17.4% | 46d 666.7% | 6d 700.0% | -1d 105.0% | 20d 25.0% | 16d 124.6% | -65d |
| ROCE | 6.0% 14.3% | 7.0% 58.8% | 17.0% 10.5% | 19.0% 26.7% | 15.0% 150.0% | 6.0% 20.0% | 5.0% 68.8% | 16.0% 14.3% | 14.0% 100.0% | 7.0% |
Source: Screener.in · Lower days = better efficiency