Minerva Capital Research Solutions

Ramkrishna Forgings

NSE: RKFORGEBSE: 532527
Compare with peers
₹ 672.35▲ 22.65 (+3.49%)29 Oct, 03:29 pm IST
Market cap
₹ 10,720 Cr.
P/E
105x
P/B
3.39x
52-week range
460.15 – 772.8
ROE
3%
ROCE
6%
Dividend yield
0.2%
Debt / equity
0.74
Sector
Auto Components
Industry
Auto Components & Equipments
Listed on
NSE, BSE

About

Ramkrishna Forgings Limited is an India-based company which is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons and coach and engineering parts. The Company has manufacturing facilities at Gamaria, Adityapur Industrial Area, Baliguma, Dugni at Saraikela, Jamshedpur in Jharkhand and at Liluah in West Bengal. The Company operates through two segments: Forging components and Others. The Forging components segment produces and sells forged products comprising forgings and machined automobile components. Others primarily include services for tours and travel, sanitization and cargo business. Its automotive components include front axle, engine, suspension and chassis, transmission and rear axle. It also manufactures critical components for the tractor and farm equipment industry. It is also engaged in supplying undercarriage and safety critical parts like screw coupling and hangers for bogie bolsters for conventional coaches.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Auto Components & Equipments: 155 companies →

Ramkrishna Forgings against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)105 against a typical 27.4: pricier than most peers (1st = cheapest).142nd of 153
  • Sales growth+19.9% against a typical +20.7% from a year earlier.78th of 142
  • Profit growth+291.7% against a typical +15.3% from a year earlier.5th of 127
  • Share price, 3 months+7.3% against a typical −3%.43rd of 143
  • Size₹ 10,720.3 Cr. market value against a typical ₹ 728 Cr. (1st = largest).25th of 138

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA- by India Ratings
AA-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND AA-; IND A1+Stable18 May 2026
CRISILWithdrawn—19 Dec 2025
Credit rating actions
RatingDetails
18 May 2026
Rating action
IND AA-—India Ratings₹ 4,300 Cr.
19 Dec 2025
Withdrawn
——CRISIL₹ 1,950 Cr.
22 Sep 2025
Reaffirmed
Crisil AA-/Watch Negative—CRISIL—

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial Results/Dividend/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026, dividend and other business matters
24 Jul 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026
1 May 2026Financial Results/Dividend/Other business mattersTo consider and approve the financial results for the quarter and financial year ended on March 31, 2026, 1st Interim dividend for the financial year 2025-26 and other business matters
27 Jan 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
12 Nov 2025Financial Results/Fund Raising/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025, Fund Raising and other business matters
1 Aug 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025 and other business matters
30 May 2025Financial Results/Dividend/Fund Raising/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025, dividend, Fund Raising and other business matters

Share price

1Y change +24.76%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8999969749591,0541,0749471,0159081,0991,2171,217
Expenses6997767867918889488498737909361,014999
Operating Profit20022018816916512698142118162203218
OPM %22%22%19%18%16%12%10%14%13%15%17%18%
Other Income7419118441146−923
Interest383934363942494953515757
Depreciation616872626064858080848899
Profit before tax1091171008015124−2417−10185965
Tax %24%25%34%32%7%12%−945%32%−8%25%5%28%
Net Profit828766551402120012−10145647
EPS in Rs54.83.663.037.721.1611.040.65−0.520.753.082.57

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
17%
5 Years
27%
3 Years
10%
TTM
9%
Compounded Profit Growth
10 Years
4%
5 Years
30%
3 Years
−32%
TTM
−60%
Stock Price CAGR
10 Years
24%
5 Years
33%
3 Years
4%
TTM
—
Return on Equity
10 Years
11%
5 Years
12%
3 Years
10%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
43.39%
+0.27 pts in a year
FIIs
20.43%
−4.02 pts in a year
DIIs
5.09%
+1.49 pts in a year
Public
30.9%
+2.2 pts in a year
Others
0.2%
+0.07 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 105xEPS (12 months) ₹ 6.32Median P/E 33.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Ramkrishna Forgings₹ 672.35₹ 10,720 Cr.105x3.4x3%—
Bharat Forge₹ 1,709.60₹ 81,734 Cr.89.6x10.9x11.5%6.5%
Havells India₹ 1,032.00₹ 64,764 Cr.44.1x7.9x—6.9%
Schaeffler India₹ 3,468.00₹ 54,379 Cr.56.2x10.7x—12%
Sterlite Technologies₹ 829.00₹ 42,603 Cr.464.5x11.2x2.6%1.2%
R R Kabel₹ 2,150.60₹ 26,329 Cr.51.2x10.1x20.8%5.1%

Management

Lalit Kumar Khetan
Chief Financial Officer, Whole-Time Director
Rajesh Mundhra
Compliance Officer, Company Secretary
Naresh Jalan
Managing Director, Executive Director
Milesh Gandhi
Additional Whole-Time Director
Chaitanya Jalan
Whole-Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.