Ramkrishna Forgings Ltd
Ramkrishna Forgings Ltd (RKFORGE) last reported results for the quarter ended Jun 2026, with sales of ₹1,217 crore and net profit of ₹47 crore. The stock last traded at ₹729, a market capitalisation of ₹13,526 crore, on a P/E of 118. Over the past 52 weeks the stock has ranged between ₹460 and ₹773. Figures are as of 6 Oct 2026 and are not real time.
Ramkrishna Forgings Ltd share price and key metrics
- Current price
- ₹729
- Market cap
- ₹13,526 cr
- Stock P/E
- 118
- Book value
- ₹181
- ROE
- 2.51%
- ROCE
- 5.60%
- Dividend yield
- 0.14%
- 52w high / low
- 773/460
Metrics as of 6 Oct 2026. Not real time.
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Ramkrishna Forgings Ltd growth and returns
- 10 Years
- 17%
- 5 Years
- 27%
- 3 Years
- 10%
- TTM
- 9%
- 10 Years
- 4%
- 5 Years
- 30%
- 3 Years
- -32%
- TTM
- -60%
- 10 Years
- 25%
- 5 Years
- 25%
- 3 Years
- 2%
- 1 Year
- 26%
- 10 Years
- 11%
- 5 Years
- 12%
- 3 Years
- 10%
- Last Year
- 3%
Ramkrishna Forgings Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,217 cr, up 19.9% from ₹1,015 cr a year earlier. Net profit was ₹47 cr, up 291.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,054 | 1,074 | 947 | 1,015 | 908 | 1,099 | 1,217 | 1,217 |
| Expenses | 888 | 948 | 849 | 873 | 790 | 936 | 1,014 | 999 |
| Operating profit | 165 | 126 | 98 | 142 | 118 | 162 | 203 | 218 |
| OPM % | 16% | 12% | 10% | 14% | 13% | 15% | 17% | 18% |
| Other income | 84 | 4 | 11 | 4 | 6 | -9 | 2 | 3 |
| Interest | 39 | 42 | 49 | 49 | 53 | 51 | 57 | 57 |
| Depreciation | 60 | 64 | 85 | 80 | 80 | 84 | 88 | 99 |
| Profit before tax | 151 | 24 | -24 | 17 | -10 | 18 | 59 | 65 |
| Tax % | 7% | 12% | -945% | 32% | -8% | 25% | 5% | 28% |
| Net profit | 140 | 21 | 200 | 12 | -10 | 14 | 56 | 47 |
| EPS (₹) | 7.72 | 1.16 | 11.04 | 0.65 | -0.52 | 0.75 | 3.08 | 2.57 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ramkrishna Forgings Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 921 | 1,491 | 1,931 | 1,216 | 1,289 | 2,320 | 3,193 | 3,705 | 4,034 | 4,238 | 4,440 |
| Operating profit | 163 | 289 | 386 | 209 | 224 | 518 | 694 | 774 | 561 | 627 | 701 |
| OPM % | 18% | 19% | 20% | 17% | 17% | 22% | 22% | 21% | 14% | 15% | 16% |
| Net profit | 11 | 95 | 120 | 10 | 21 | 198 | 248 | 291 | 415 | 72 | 107 |
| EPS (₹) | 0.78 | 5.82 | 7.36 | 0.59 | 1.29 | 12.36 | 15.52 | 16.11 | 22.93 | 3.95 | 5.88 |
TTM is the trailing twelve months to the most recent quarter.
Ramkrishna Forgings Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 29 | 33 | 33 | 33 | 32 | 32 | 32 | 36 | 36 | 36 |
| Reserves | 440 | 726 | 840 | 843 | 851 | 1,046 | 1,290 | 2,598 | 3,001 | 3,254 |
| Borrowings | 957 | 845 | 912 | 993 | 1,233 | 1,618 | 1,333 | 1,207 | 2,126 | 2,449 |
| Other liabilities | 433 | 452 | 417 | 361 | 587 | 785 | 1,076 | 1,422 | 1,364 | 1,423 |
| Total liabilities | 1,858 | 2,056 | 2,201 | 2,230 | 2,703 | 3,481 | 3,731 | 5,262 | 6,528 | 7,162 |
| Fixed assets | 1,024 | 1,076 | 1,114 | 1,175 | 1,240 | 1,473 | 1,693 | 2,428 | 2,992 | 3,762 |
| CWIP | 50 | 44 | 130 | 219 | 276 | 129 | 91 | 216 | 498 | 337 |
| Investments | 0 | 0 | 0 | 0 | 0 | 55 | 0 | 125 | 190 | 241 |
| Other assets | 783 | 936 | 957 | 836 | 1,187 | 1,823 | 1,947 | 2,492 | 2,848 | 2,823 |
| Total assets | 1,858 | 2,056 | 2,201 | 2,230 | 2,703 | 3,481 | 3,731 | 5,262 | 6,528 | 7,162 |
As reported by the company. Total assets equal total liabilities by construction.
Ramkrishna Forgings Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 144 | 127 | 267 | 254 | 140 | 43 | 745 | 621 | 33 | 840 |
| Cash from investing | -107 | -110 | -254 | -231 | -222 | -354 | -299 | -1,117 | -912 | -929 |
| Cash from financing | -37 | -17 | -12 | -22 | 147 | 280 | -438 | 625 | 722 | 235 |
| Net cash flow | -1 | 0 | 1 | 1 | 65 | -31 | 8 | 129 | -157 | 146 |
| Free cash flow | 34 | 15 | 13 | 27 | -91 | -256 | 390 | 35 | -932 | -39 |
| CFO / operating profit | 91% | 52% | 81% | 125% | 63% | 17% | 117% | 99% | 30% | 136% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ramkrishna Forgings Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 7% | 14% | 16% | 5% | 6% | 15% | 19% | 17% | 7% | 6% |
| Debtor days | 176 | 126 | 96 | 103 | 162 | 140 | 89 | 84 | 88 | 68 |
| Inventory days | 227 | 153 | 131 | 260 | 252 | 251 | 228 | 207 | 230 | 211 |
| Days payable | 298 | 154 | 110 | 155 | 248 | 215 | 199 | 199 | 197 | 193 |
| Cash conversion cycle | 105 | 125 | 117 | 208 | 166 | 176 | 118 | 91 | 121 | 86 |
| Working capital days | -65 | 16 | 20 | -1 | 6 | 46 | 38 | 54 | 19 | 13 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ramkrishna Forgings Ltd shareholding pattern
Promoters held 39.82% at Sep 2026, down from 43.12% at Sep 2025. FIIs 17.30% and DIIs 5.85%.
| % held | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 43.16% | 43.12% | 43.12% | 43.12% | 43.12% | 43.33% | 43.39% | 39.82% |
| FIIs | 24.04% | 24.48% | 24.45% | 22.71% | 21.05% | 21.75% | 20.43% | 17.30% |
| DIIs | 5.41% | 6.00% | 3.60% | 3.50% | 4.03% | 4.45% | 5.09% | 5.85% |
| Public | 27.37% | 26.27% | 28.70% | 30.55% | 31.69% | 30.37% | 30.90% | 36.84% |
| No. of shareholders | 95,357 | 98,142 | 1,13,670 | 1,20,495 | 1,19,647 | 1,09,027 | 1,05,810 | 1,07,490 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ramkrishna Forgings Ltd corporate filings
- Ramkrishna Forgings to host plant visits for institutional investors and analysts on 9 October 2026Company Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has announced a scheduled plant visit for institutional investors…
Read the full analysis - This is to inform you that the trading window for dealing in securities of the Company by Designated Persons and their immediate relatives shall remain closed from Thursday, 1 October, ....Insider Trading / SASTlow impact
- Grant of ESOPS under RKF Limited Employee Stock Option Scheme 2023 to the eligible employees of the Company.Company Updatelow impact
- Ramkrishna Forgings Limited: Promoter Chaitanya Jalan Increases Stake via Conversion of 34 Lakh WarrantsInsider Trading / SASTlow impact
Cruxal's analysis: Ramkrishna Forgings Limited has announced that promoter Chaitanya Jalan has increased his…
Read the full analysis - Ramkrishna Forgings Limited: Promoter Chaitanya Jalan Increases Stake via Conversion of 34 Lakh WarrantsInsider Trading / SASTlow impact
Cruxal's analysis: Ramkrishna Forgings Limited has announced that promoter Chaitanya Jalan has increased his…
Read the full analysis - Ramkrishna Forgings Limited Completes Preferential Allotment of 34 Lakh Equity Shares to PromoterCompany Updatemedium impact
Cruxal's analysis: Ramkrishna Forgings Limited has successfully completed the conversion of 34 lakh warrants…
Read the full analysis - Ramkrishna Forgings to participate in Bharat Connect 2026 conference on September 28, 2026Company Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has announced that its management will attend the 'Bharat Connect…
Read the full analysis - Ramkrishna Forgings Ltd receives voluntary ESG rating from CRISIL ESG Ratings & Analytics LimitedCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has voluntarily obtained an ESG rating from CRISIL ESG Ratings &…
Read the full analysis - Ramkrishna Forgings Ltd announces re-classification of MAA Chandi Financial Advisory Services from promoter to public categoryCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has disclosed the re-classification of MAA Chandi Financial…
Read the full analysis - Ramkrishna Forgings Limited Announces Reclassification of Promoter Group Entity to Public CategoryAGM/EGMlow impact
Cruxal's analysis: Ramkrishna Forgings Limited has successfully passed a resolution via postal ballot to…
Read the full analysis - Ramkrishna Forgings Ltd voluntarily discloses ESG rating from Niche Ninety Nine Capability and CertificationsCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings has voluntarily obtained and disclosed an ESG rating from Niche…
Read the full analysis - Ramkrishna Forgings Ltd receives voluntary ESG rating from Niche Ninety Nine Capability and CertificationsCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has voluntarily obtained an ESG rating from Niche Ninety Nine…
Read the full analysis - Ramkrishna Forgings schedules analyst and institutional investor meetings from September 21 to September 23, 2026Company Updatelow impact
Cruxal's analysis: Ramkrishna Forgings has announced a series of meetings with analysts and institutional…
Read the full analysis - Ramkrishna Forgings schedules institutional investor and analyst plant visit for September 21, 2026Company Updatelow impact
Cruxal's analysis: Ramkrishna Forgings has announced a plant visit for institutional investors and analysts…
Read the full analysis - Ramkrishna Forgings Ltd announces virtual analyst and institutional investor meetingsCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has issued an intimation regarding upcoming virtual meetings with…
Read the full analysis - Ramkrishna Forgings Ltd voluntarily discloses ESG rating from ESG Risk Assessments & Insights LimitedCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has voluntarily obtained and disclosed an ESG rating from ESG…
Read the full analysis - Ramkrishna Forgings Ltd allots equity shares under ESOP Scheme 2023Company Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has announced the allotment of equity shares pursuant to the…
Read the full analysis - Ramkrishna Forgings Limited concludes 44th AGM; shareholders approve key management re-appointments and excess remunerationAGM/EGMlow impact
Cruxal's analysis: Ramkrishna Forgings Limited has successfully concluded its 44th Annual General Meeting…
Read the full analysis - Ramkrishna Forgings Limited Concludes 44th Annual General Meeting with Key Management ReappointmentsAGM/EGMlow impact
Cruxal's analysis: Ramkrishna Forgings Limited has successfully concluded its 44th Annual General Meeting…
Read the full analysis - Ramkrishna Forgings Ltd publishes Postal Ballot Notice in newspapersCompany Updatelow impact
Cruxal's analysis: Ramkrishna Forgings Ltd has released a newspaper advertisement regarding its Postal…
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