Ramkrishna Forgings Limited RKFORGE NIFTY_SMALLNSEINFRA
Ramkrishna Forgings Limited engages in the manufacture and sale of forged components for automobiles, railway wagons and coaches, and engineering parts in India and internationally. It operates in two segments, Forging Components and Others. The company's products portfolio includes beam, knuckle, steering arm, tie-rod-arm, sector shaft, front hub, crankshaft, camshaft, connecting rod, piston, pitman arm, BC lever assembly, mounting bracket, yoke, UJ cross, transmission gear and shaft, crown wheel, pinion, differential case and case cover, differential gear and pinion, spindle, rear axle shaft, spider, helical gear, tube flange and shaft, and tube yoke products. It also offers bucket, backhoe bucket, shovel, track line and roller, bucket tooth, pivot pin, prop shaft, and bearing centre products; and wing nut, valve bonet, T-bolt socket joint, and tooth crusher hammer products. In addition, the company provides bogie frame and bolster, screw coupling, hanger, draw gear assembly, anti roll bar assembly, control arm support, center pivot pin, centering disc, traction center, and guide products. Further, it offers tractor-trailer products, such as trailer axle, air and mechanical suspension, landing leg, and bolton and weldable king pin products; as well as engages in the sanitization and cargo, and tour and travel businesses. The company offers its products for various industries and sectors, including automotive, earth moving and mining, farm equipment, power, construction, general engineering, railways, and oil and gas, as well as for original equipment manufacturers. Ramkrishna Forgings Limited was incorporated in 1981 and is headquartered in Kolkata, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 14.0% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 143.0.
- Earnings shrank at -33.9% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RKFORGE Ramkrishna Forgings Limited NIFTY_SMALLNSEINFRA | 566.40 | 143.03 | ₹10,278.65 Cr | 0.35% | 5.83% | 2.27% | 14.02% | -33.86% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 947.21 Cr | 1,015.26 Cr | 907.53 Cr | 1,098.52 Cr | 1,216.78 Cr |
| Cost of Revenue | - | 542.73 Cr | 564.00 Cr | 494.86 Cr | 657.56 Cr | 692.50 Cr |
| Gross Profit | - | 404.49 Cr | 451.26 Cr | 412.67 Cr | 440.96 Cr | 524.28 Cr |
| Operating Expenses | - | 390.68 Cr | 382.32 Cr | 370.51 Cr | 361.99 Cr | 404.54 Cr |
| Operating Income | - | 13.81 Cr | 68.94 Cr | 42.16 Cr | 78.97 Cr | 119.74 Cr |
| EBITDA | - | 109.69 Cr | 145.57 Cr | 123.45 Cr | 153.61 Cr | 204.62 Cr |
| Interest Expense | - | 48.64 Cr | 48.59 Cr | 53.34 Cr | 51.10 Cr | 57.32 Cr |
| Pretax Income | - | -23.65 Cr | 17.32 Cr | -10.27 Cr | 18.11 Cr | 58.86 Cr |
| Tax Provision | - | -223.48 Cr | 5.53 Cr | -77.43 L | 4.54 Cr | 2.92 Cr |
| Net Income | - | 199.83 Cr | 11.79 Cr | -9.50 Cr | 13.56 Cr | 55.94 Cr |
| Diluted EPS | - | 11.04 | 0.65 | -0.53 | 0.75 | 3.07 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 2,859.42 Cr | 3,338.84 Cr | 4,034.11 Cr | 4,238.08 Cr |
| Cost of Revenue | - | 1,944.60 Cr | 2,284.94 Cr | 2,245.51 Cr | 2,408.91 Cr |
| Gross Profit | - | 914.83 Cr | 1,053.90 Cr | 1,788.60 Cr | 1,829.16 Cr |
| Operating Expenses | - | 470.64 Cr | 565.81 Cr | 1,500.33 Cr | 1,519.35 Cr |
| Operating Income | - | 444.18 Cr | 488.10 Cr | 288.27 Cr | 309.81 Cr |
| EBITDA | - | 662.49 Cr | 751.12 Cr | 584.83 Cr | 627.25 Cr |
| Interest Expense | - | 86.41 Cr | 96.37 Cr | 165.86 Cr | 210.34 Cr |
| Pretax Income | - | 374.44 Cr | 397.53 Cr | 147.69 Cr | 84.01 Cr |
| Tax Provision | - | 126.33 Cr | 114.65 Cr | -183.86 Cr | 12.22 Cr |
| Net Income | - | 248.11 Cr | 291.21 Cr | 415.03 Cr | 71.80 Cr |
| Diluted EPS | - | 15.43 | 17.14 | 22.95 | 3.95 |
Compounded Sales Growth
| 5 Years: | 14.02% |
| 1 Year: | 28.50% |
Compounded Profit Growth
| 5 Years: | -33.86% |
| 1 Year: | 24.40% |
Stock Price Performance
| 1 Year: | -4.81% |
| 6 Months: | +6.69% |
| 3 Months: | +4.29% |
| 1 Month: | -5.18% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 3,730.44 Cr | 5,257.81 Cr | 6,557.29 Cr | 7,177.95 Cr |
| Current Assets | - | 1,850.39 Cr | 2,323.54 Cr | 2,507.55 Cr | 2,447.75 Cr |
| Cash & Equivalents | - | 44.53 Cr | 173.13 Cr | 16.03 Cr | 162.23 Cr |
| Inventory | - | 906.91 Cr | 1,049.95 Cr | 1,254.29 Cr | 1,246.15 Cr |
| Receivables | - | 775.22 Cr | 849.94 Cr | 975.35 Cr | 794.93 Cr |
| Total Liabilities | - | 2,408.67 Cr | 2,623.93 Cr | 3,519.92 Cr | 3,887.55 Cr |
| Current Liabilities | - | 1,470.21 Cr | 1,553.20 Cr | 2,274.98 Cr | 2,131.68 Cr |
| Long Term Debt | - | 757.59 Cr | 766.65 Cr | 1,082.69 Cr | 1,615.57 Cr |
| Total Debt | - | 1,333.40 Cr | 1,206.53 Cr | 2,126.50 Cr | 2,448.77 Cr |
| Total Equity | - | 1,321.76 Cr | 2,633.88 Cr | 3,037.37 Cr | 3,290.40 Cr |
| Shares Outstanding | - | 15.99 Cr | 18.08 Cr | 18.10 Cr | 18.17 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 745.28 Cr | 621.06 Cr | 32.54 Cr | 839.75 Cr |
| Investing Cash Flow | - | -299.19 Cr | -1,117.45 Cr | -911.72 Cr | -928.59 Cr |
| Financing Cash Flow | - | -437.74 Cr | 625.00 Cr | 722.07 Cr | 235.04 Cr |
| Capital Expenditure | - | -356.75 Cr | -588.73 Cr | -976.87 Cr | -925.10 Cr |
| Free Cash Flow | - | 388.53 Cr | 32.33 Cr | -944.32 Cr | -85.35 Cr |
| Net Change in Cash | - | 8.35 Cr | 128.60 Cr | -157.10 Cr | 146.20 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 32.0% | 31.6% | 44.3% | 43.2% |
| Operating Margin % | - | 15.5% | 14.6% | 7.1% | 7.3% |
| Net Margin % | - | 8.7% | 8.7% | 10.3% | 1.7% |
| ROE % | - | 18.8% | 11.1% | 13.7% | 2.2% |
| ROCE % | - | 19.7% | 13.2% | 6.7% | 6.1% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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