Automobile and Auto Components · NIFTY 500

Ramkrishna Forgings Limited

NSERKFORGE BSE532527 ISININE399G01023 SeriesEQ Listed on NSE · BSE

₹785.60 +20.90 (+2.73%) Updated 12 Nov, 7:17 pm IST

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Price, daily close+29.87% in a year

Today

Open: ₹777.00
Prev close: ₹764.70
Day high: ₹796.30
Day low: ₹771.85
Volume: 19.60 L
Value traded: ₹153.39 Cr
Upper circuit: ₹917.60
Lower circuit: ₹611.80
52W high: ₹785.60
52W low: ₹460.15
1 month: -0.98%
6 months: +11.59%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹14,549 Cr

P/E (TTM)77.40

P/B4.05

Book value / share₹194.10

EPS (TTM)₹10.15

ROE5.2%

Dividend yield0.38%

Dividend (12m)₹3.00 / share

Net margin (TTM)3.8%

Operating margin18.2%

Debt / equity0.61

Current ratio1.30

EV / EBITDA19.93

Sales growth (YoY qtr)+54.86%

Profit growth (YoY qtr)+843.32%

Sales CAGR 3Y+9.90%

Profit CAGR 3Y-33.86%

Shares18.52 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

1,05886.9

Dec 23

1,02393.8

Mar 24

1,00580.9

Jun 24

1,054189

Sep 24

1,07499.6

Dec 24

947200

Mar 25

1,01511.8

Jun 25

908-9.5

Sep 25

1,09913.6

Dec 25

1,21755.9

Mar 26

1,21746.9

Jun 26

1,40570.6

Sep 26

Revenue · QoQ (vs last quarter)

—-3.3%-1.8%+4.8%+1.9%-12%+7.2%-11%+21%+11%0.0%+16%

Revenue · YoY (vs a year ago)

————+1.5%-7.4%+1.0%-14%+2.3%+28%+20%+55%

Net profit · QoQ (vs last quarter)

—+8.0%-14%+133%-47%+101%-94%-181%+243%+312%-16%+51%

Net profit · YoY (vs a year ago)

————+15%+113%-85%-105%-86%-72%+298%+843%

RevenueNet profitLine = trend

5.02

Dec 23

5.19

Mar 24

4.47

Jun 24

10.48

Sep 24

5.51

Dec 24

11.04

Mar 25

0.65

Jun 25

-0.52

Sep 25

0.75

Dec 25

3.07

Mar 26

2.53

Jun 26

3.80

Sep 26

EPS (₹) · YoY (vs a year ago)

————+9.8%+113%-85%-105%-86%-72%+289%+831%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	1,058	1,023	1,005	1,054	1,074	947	1,015	908	1,099	1,217	1,217	1,405
Other income	1.5	18.6	9.0	2.5	3.6	11.5	3.6	5.8	1.8	1.9	3.4	4.2
Total income	1,059	1,042	1,014	1,056	1,077	959	1,019	913	1,100	1,219	1,220	1,410
Raw material	523	469	496	524	550	506	483	438	552	577	631	691
Purchases	0.0	0.0	2.0	0.0	0.0	2.5	0.5	2.4	1.3	1.2	0.0	0.0
Employee cost	50.8	61.5	66.6	66.1	65.4	57.0	66.5	68.6	66.7	57.0	75.5	77.8
Other expenses	285	306	323	298	330	311	302	282	263	327	364	409
Total expenses	942	913	897	920	948	982	995	919	1,071	1,154	1,155	1,313
Operating profit	224	217	207	232	231	98.2	142	118	153	208	218	256
OPM %	21.2%	21.2%	20.6%	22.1%	21.6%	10.4%	14.0%	13.0%	13.9%	17.1%	18.0%	18.2%
Finance cost	41.0	35.7	37.8	38.5	42.2	48.6	48.6	53.3	51.1	57.3	57.1	61.6
Depreciation	67.6	71.9	62.5	60.4	63.8	84.7	79.7	80.4	84.4	88.4	99.4	103
Exceptional items	—	-0.2	-0.4	-0.3	-0.1	-0.3	-6.7	-4.8	-10.4	-0.3	—	-0.7
Profit before tax	117	128	116	136	129	-23.6	17.3	-10.3	19.3	64.0	65.3	95.5
Tax	30.5	34.4	35.2	27.8	29.4	-223	5.5	-0.8	4.5	2.9	17.9	24.9
Net profit	86.9	93.8	80.9	190	99.6	200	11.8	-9.5	13.6	55.9	46.9	70.6
Profit to shareholders	86.9	93.8	80.9	189	99.6	200	11.8	-9.5	13.6	55.9	46.9	70.6
EPS (₹)	5.02	5.19	4.47	10.48	5.51	11.04	0.65	-0.52	0.75	3.07	2.53	3.80

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

1,5092880.0

FY18

1,2162079.7

FY20

1,28922320.7

FY21

2,320517198

FY22

3,193692248

FY23

3,955839341

FY24

4,034558415

FY25

4,23863271.8

FY26

Revenue · YoY (vs a year ago)

——+6.0%+80%+38%+24%+2.0%+5.1%

Net profit · YoY (vs a year ago)

——+113%+858%+25%+38%+22%-83%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,509	1,216	1,289	2,320	3,193	3,955	4,034	4,238
Other income	4.4	6.8	5.6	1.5	4.0	28.9	26.4	13.1
Total expenses	1,378	1,208	1,263	2,069	2,822	3,524	3,912	4,139
Employee cost	94.4	103	96.0	127	158	208	250	259
Operating profit	288	207	223	517	692	839	558	632
OPM %	19.1%	17.0%	17.3%	22.3%	21.7%	21.2%	13.8%	14.9%
Finance cost	72.5	78.7	79.8	95.9	120	152	166	210
Depreciation	84.7	121	117	169	202	258	271	333
Profit before tax	135	14.8	31.7	253	374	459	148	102
Tax	40.1	5.1	11.1	55.2	126	118	-184	12.2
Tax rate %	29.7%	34.5%	34.9%	21.8%	33.7%	25.6%	-124.5%	12.0%
Net profit	94.9	9.7	20.7	198	248	341	415	71.8
Profit to shareholders	0.0	9.7	20.7	198	248	341	415	71.8
Net margin %	0.0%	0.8%	1.6%	8.5%	7.8%	8.6%	10.3%	1.7%
EPS (₹)	30.09	2.97	6.44	12.43	15.43	20.09	22.95	3.95

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

1,3221,30744.5

Mar 23

2,6841,118173

Mar 24

3,0372,01316.0

Mar 25

3,2902,335162

Mar 26

3,5952,19399.7

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+103%+13%+8.3%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	1,322	2,684	3,037	3,290	3,595
Long-term borrowings	758	767	1,083	1,616	1,761
Short-term borrowings	550	352	930	719	432
Total borrowings	1,307	1,118	2,013	2,335	2,193
Current liabilities	1,470	1,553	2,275	2,132	2,229
Fixed assets (PPE)	1,657	2,118	2,660	3,440	3,481
Inventories	907	1,100	1,254	1,246	1,469
Trade receivables	775	850	975	795	1,025
Cash & equivalents	44.5	173	16.0	162	99.7
Current assets	1,850	2,374	2,508	2,448	2,888
Total assets	3,730	5,308	6,557	7,178	7,729
Debt / equity	0.99	0.42	0.66	0.71	0.61

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

43.1-354280

FY22

745-299-438

FY23

621-1,117625

FY24

32.5-916727

FY25

840-929235

FY26

Operations · YoY (vs a year ago)

—+1,631%-17%-95%+2,480%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	43.1	745	621	32.5	840
Cash from investing	-354	-299	-1,117	-916	-929
Cash from financing	280	-438	625	727	235
Spent on fixed assets	-300	-357	-589	-977	-924
Free cash flow	-257	389	31.9	-944	-83.9
Net cash flow	-31.2	8.4	129	-157	146

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

43.2%Mar 24

43.2%Jun 24

43.2%Sep 24

43.2%Dec 24

43.1%Mar 25

43.1%Jun 25

43.1%Sep 25

43.1%Dec 25

43.3%Mar 26

43.4%Jun 26

39.8%Sep 26

40.9%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

40.9%promoter

Promoter & group: 40.93%
Public (FIIs, mutual funds, retail…): 58.88%
Employee trusts: 0.19%
Promoter change, last quarter: +1.11 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 2 Per ShareEx 06-Nov-2026
Interim Dividend - Re 1 Per ShareEx 08-May-2026
Interim Dividend - Re 1 Per ShareEx 06-Jun-2025
Interim Dividend - Re 1 Per ShareEx 31-Oct-2024
Annual General MeetingEx 23-Aug-2024
Interim Dividend - Re 1 Per ShareEx 10-May-2024
Interim Dividend - Re 1 Per ShareEx 30-Oct-2023
Annual General MeetingEx 08-Sep-2023

Board meetings

the Half Yearly Unaudited Financial results of the Company for the period ended September 2026 and Dividend.30-Oct-2026
the financial results for the period ended September 30, 2026, dividend and other business matters30-Oct-2026
RAMKRISHNA FORGINGS LIMITED has informed the Exchange about Board Meeting to be held on 24-Jul-2026 to inter-alia consider and approve the Unaudited …24-Jul-2026
the financial results for the period ended Jun 30, 202624-Jul-2026
the Yearly Audited Financial results of the Company for the period ended March 2026 and Dividend/Other business.01-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates6 Nov
General Updates3 Nov
General Updates3 Nov
Copy of Newspaper Publication31 Oct
Analysts/Institutional Investor Meet/Con. Call Updates31 Oct
Press Release30 Oct
Monitoring Agency Report30 Oct

Latest news

Ramkrishna Forgings shares jump 10% after Q2 results, surge 35% in 2026: Is more upside ahead? | Key levels to watchTradingView · 2 Nov, 1:30 pm Ramkrishna Forgings (NSEI:RKFORGE) Stock Forecast & Analyst PredictionsSimply Wall St · 1 Nov, 12:30 pm Looking for money making shares? Monarch Capital picks Ramkrishna Forgings, TCPL Packaging - up to 20% upsideLivemint · 13 Oct, 12:30 pm Ramkrishna Forgings FY26 Results, Re 1 Dividend, Newspaper Publicationscanx.trade · 3 May, 12:30 pm Ramkrishna Forgings Share Price Fall: Key Numbers TodayUnivest · 21 Oct, 12:30 pm Ramkrishna Forgings expects exports to recover on stronger global ordersBusiness Standard · 31 Jul, 12:30 pm Ramkrishna Forgings bulk deal: Morgan Stanley buys shares worth Rs 95 croreThe Economic Times · 30 Dec, 1:30 pm Ramkrishna Forgings Target Price Halved As UBS Sees Slowing CV Demand, Tariff WoesNDTV Profit · 18 Jan, 3:35 am

About

About Ramkrishna Forgings Limited

Ramkrishna Forgings Limited is listed on the NSE under the symbol RKFORGE and belongs to the Automobile and Auto Components sector.

Company details

Company name: Ramkrishna Forgings Limited
NSE symbol: RKFORGE
BSE scrip code: 532527
ISIN: INE399G01023
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 5 May 2004
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 18.52 crore
Index: NIFTY 500
Sector (NSE): Automobile and Auto Components
Industry: Metal Fabrication
Managing director / CEO: Naresh Jalan
Headquarters: Kolkata, IN
Registered address: 23, Circus Avenue, 9th Floor, Kolkata – 700017
Founded: 1981
Employees: 3,180
Financial year: April to March
Results basis: Consolidated
Website: ramkrishnaforgings.com

Peers

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Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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Ramkrishna Forgings Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers