Ramkrishna Forgings
Ramkrishna Forgings Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Ramkrishna Forgings Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Ramkrishna Forgings Ltd trades at a P/E of 150.69× and P/B of 3.26×.
Valuation
Profitability
Growth
Financial Health
Ramkrishna Forgings Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Ramkrishna Forgings Ltd, switchable between annual and quarterly views, consolidated or standalone.
Ramkrishna Forgings Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹10,758.53 Cr and reported EPS of ₹3.93.
| Period | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,509 | 1,216 | 1,289 | 2,320 | 3,193 | 3,955 | 4,034 | 4,238 |
| Other Income | 4 | 7 | 6 | 1 | 4 | 29 | 26 | 13 |
| Total Income | 1,513 | 1,223 | 1,295 | 2,322 | 3,197 | 3,984 | 4,060 | 4,251 |
| Cost of Goods Sold (COGS) | 714 | 505 | 639 | 1,161 | 1,455 | 1,811 | 2,000 | 2,162 |
| Gross Profit | 795 | 711 | 650 | 1,160 | 1,738 | 2,143 | 2,035 | 2,076 |
| +Operating Expenses | 507 | 504 | 427 | 643 | 1,046 | 1,303 | 1,475 | 1,433 |
| EBITDA | 288 | 207 | 223 | 517 | 692 | 840 | 560 | 643 |
| +Non-Operating Expenses | 157 | 199 | 197 | 265 | 322 | 409 | 436 | 533 |
| Profit Before Tax (PBT) | 135 | 15 | 32 | 253 | 374 | 459 | 148 | 102 |
| +Tax Expense | 40 | 5 | 11 | 55 | 126 | 118 | -184 | 12 |
| Profit After Tax (PAT) | 95 | 10 | 21 | 198 | 248 | 341 | 415 | 72 |
| Earnings Per Share (EPS) | 5.83 | 0.59 | 1.29 | 12.39 | 15.52 | 18.89 | 22.93 | 3.95 |
| Diluted Shares Outstanding (Nos.) | 16 | 16 | 16 | 16 | 16 | 18 | 18 | 18 |
| +Additional Disclosures | 2,092 | 1,713 | 1,902 | 3,230 | 4,276 | 5,330 | 5,994 | 6,285 |
| Sales Growth % | — | -19.37 | 5.96 | 80.01 | 37.61 | 23.87 | 2.00 | 5.06 |
| YoY Sales Growth % | — | — | 5.96 | 80.01 | 37.61 | 23.87 | 2.00 | 5.06 |
| Material Cost % | 48 | 46 | 49 | 52 | 50 | 47 | 52 | 48 |
| Employee Cost % | 6 | 8 | 7 | 5 | 5 | 5 | 6 | 6 |
| Other Cost % | 27 | 33 | 26 | 22 | 28 | 28 | 30 | 28 |
| OPM % | 19 | 17 | 17 | 22 | 22 | 21 | 14 | 15 |
| Tax % | 30 | 34 | 35 | 22 | 34 | 26 | -124 | 12 |
| Profit Growth % | — | — | 113.17 | 858.12 | 25.29 | 37.62 | 21.55 | -82.70 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 203 | 87 | 106 | 348 | 491 | 582 | 288 | 310 |
Ramkrishna Forgings segment analysis: revenue and profit mix.
Disclosed business segments at Ramkrishna Forgings with their share of revenue and profit, switchable between consolidated and standalone reporting.
Ramkrishna Forgings discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Ramkrishna Forgings Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Ramkrishna Forgings Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Ramkrishna Forgings Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Healthy ROE (14.40%) and low debt-to-equity (0.70) indicate strong financial health.
Consistent quarterly sales growth of 5.81% reflects growing market presence.
Strong promoter holding (43.1%) aligns management interests with shareholders.
Substantial market capitalization (₹9907 crore) signifies strong industry position.
Exceptional 5-year EPS growth of 107.61% demonstrates strong profitability.
What can break it.
Sharp -77.70% quarterly profit decline raises earnings stability concerns.
Stock valuation appears elevated with a P/E of 29.12 versus sector.
Significant debt of ₹2126 crore poses financial stability risk.
Low Return on Capital Employed (6.84%) indicates inefficient capital utilization.
Negative annual cash flow per share (-₹52.16) indicates liquidity challenges.
What would change my mind.
Trim if P/E re-rates above 196. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 74.92. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Ramkrishna Forgings Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Ramkrishna Forgings Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Ramkrishna Forgings Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Ramkrishna Forgings Ltd — derived from the live tape, not yesterday's close.
Ramkrishna Forgings Ltd last traded at ₹592.2 with an intraday range of ₹567.1–₹595 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹592.20| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 658.23 | +66.03 | +11.15% |
| R3 | 630.33 | +38.13 | +6.44% |
| R2 | 612.67 | +20.47 | +3.46% |
| R1 | 602.43 | +10.23 | +1.73% |
| PIVOT | 584.77 | -7.43 | -1.26% |
| CURRENT | 592.20 | — | — |
| S1 | 518.73 | -73.47 | -12.41% |
| S2 | 546.63 | -45.57 | -7.69% |
| S3 | 556.87 | -35.33 | -5.97% |
| S4 | 574.53 | -17.67 | -2.98% |
RKFORGE is trading Above CPR, indicating Bullishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 567.1 ~ 589.7
Trading Above opening range, showing Bullishness
Ramkrishna Forgings Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Ramkrishna Forgings Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Ramkrishna Forgings Ltd stood at 58.0% of traded volume, against a 20-day average of 51.2%.
Ramkrishna Forgings announcements: results, concalls, ratings, M&A.
Filings Ramkrishna Forgings sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Ramkrishna Forgings files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 156 documents below.
Allotment of Securities
Ramkrishna Forgings Limited has informed the Exchange regarding allotment of 8204 securities pursuant to ESOP/ESPS at its meeting held on May 28, 2026
Disclosure under SEBI Takeover Regulations
Naresh Jalan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Disclosure under SEBI Takeover Regulations
Naresh Jalan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Credit Rating- Revision
Revision of Credit Ratings of the Company by India Ratings & Research
Analysts/Institutional Investor Meet/Con. Call Updates
Ramkrishna Forgings Limited has informed the Exchange about Schedule of meet and Presentation
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
Investor Presentation
Ramkrishna Forgings insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Ramkrishna Forgings as reported to SEBI — buying and selling signals from the people who know the business best.
Ramkrishna Forgings insider activity below tracks 14 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Riddhi Portfolio Pvt. Ltd. | Insider | 27 Mar 2026 | buy | +6.40 L | ₹134.4 Cr | ₹2,100.00 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 27 Mar 2026 | buy | +6.40 L | ₹134.4 Cr | ₹2,100.00 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 27 Mar 2026 | buy | +6.40 L | ₹134.4 Cr | ₹2,100.00 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 27 Mar 2026 | buy | +6.40 L | ₹134.4 Cr | ₹2,100.00 |
| NARESH JALAN | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.54 Cr | ₹494.51 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.83 Cr | ₹496.17 |
| NARESH JALAN | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.54 Cr | ₹494.51 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.83 Cr | ₹496.17 |
| Riddhi Portfolio Pvt. Ltd. | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.83 Cr | ₹496.17 |
| NARESH JALAN | Insider | 25 Mar 2026 | buy | +17.50 L | ₹86.54 Cr | ₹494.51 |
Ramkrishna Forgings dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Ramkrishna Forgings has declared, sequenced by announce and record date.
Ramkrishna Forgings corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Ramkrishna Forgings Ltd: business, sector, key facts.
What Ramkrishna Forgings Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Ramkrishna Forgings Ltd operates in the Industrials, listed as NSE: RKFORGE, BSE: 532527.
Ramkrishna Forgings Limited (RKFORGE) is a leading Indian manufacturer and supplier of forged components, primarily serving the automotive, railway, and general engineering sectors both domestically and internationally. The company's core business lies in producing a diverse range of forged parts, utilizing its expertise in metal forging techniques to create high-quality, durable components.
RKFORGE's product portfolio is extensive and caters to a broad spectrum of applications. For the automotive industry, they manufacture crucial components such as steering arms, knuckles, crankshafts, and various transmission parts. Their offerings extend to the railway sector with bogie frames, bolsters, and other critical components for wagons and coaches. Beyond these core sectors, RKFORGE supplies forged components to the earthmoving, mining, farm equipment, power generation, construction, and general engineering industries.
The company operates under two primary segments: Forging Components and Others. The "Forging Components" segment is the principal revenue generator, encompassing the wide array of forged parts described above. The "Others" segment represents a smaller portion of their business and includes ancillary activities, such as sanitization and cargo services, and tour and travel operations. This diversification, however, is less significant than their core competency in forging.
RKFORGE's client base includes a significant number of original equipment manufacturers (OEMs), underscoring their reputation for quality and reliability within their industry. The company's long-standing presence in the market, dating back to its incorporation in 1981, highlights their sustained success and ability to adapt to evolving industry demands. Their headquarters are located in Kolkata, India, from where they manage their global operations and supply chain.
In summary, RKFORGE's business model centers on the manufacturing and sale of high-quality forged metal components for a wide array of industries. Their success is built on their technical expertise in forging, diverse product portfolio, strong relationships with OEMs, and consistent adaptation to the ever-changing needs of their diverse customer base. While they engage in other, less significant business ventures, forging remains their core and most substantial business operation.
Questions investors ask about Ramkrishna Forgings Ltd (RKFORGE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Ramkrishna Forgings Ltd (RKFORGE)?
The current share price of Ramkrishna Forgings Ltd (RKFORGE) is ₹592.2. Today, the stock has gained by ₹30.25 (5.38%), trading in a range of ₹567.1 to ₹595. The stock opened at ₹567.1 with a trading volume of 7,76,746 shares.
02Is Ramkrishna Forgings Ltd stock a good investment for long-term?
Ramkrishna Forgings Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹10,758.53 crores, P/E ratio of 150.69, ROE of 2.27%, and ROCE of 6.84%. The dividend yield stands at 0.36%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Ramkrishna Forgings Ltd stock?
The 52-week high price of Ramkrishna Forgings Ltd (RKFORGE) is ₹0, while the 52-week low is ₹0. Currently trading at ₹592.2, the stock is Infinity% away from its 52-week low and -Infinity% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Ramkrishna Forgings Ltd stock at the current price?
Whether to buy Ramkrishna Forgings Ltd stock at ₹592.2 depends on multiple factors. The stock is currently trading with a P/E ratio of 150.69 and P/B ratio of 3.26. Today's performance shows a gain of 5.38%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Ramkrishna Forgings Ltd and when is the next dividend?
Ramkrishna Forgings Ltd offers a dividend yield of 0.36%, which means for every ₹100 invested at the current price of ₹592.2, you can expect to receive approximately ₹0.36 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Ramkrishna Forgings Ltd?
Ramkrishna Forgings Ltd's key financial metrics include: P/E Ratio: 150.69, P/B Ratio: 3.26, ROE: 2.27%, ROCE: 6.84%, Dividend Yield: 0.36%, EPS: ₹3.93, Book Value: ₹181.76, and Debt-to-Equity: 74.42. The company's market cap stands at ₹10,758.53 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Ramkrishna Forgings Ltd stock performing today in the market?
Ramkrishna Forgings Ltd stock opened at ₹567.1 and is currently trading at ₹592.2, showing a gain of ₹30.25 (5.38%). The intraday high is ₹595 and low is ₹567.1. The trading volume stands at 7,76,746 shares, indicating moderate market participation today.
08What is the P/E ratio of Ramkrishna Forgings Ltd and what does it indicate?
Ramkrishna Forgings Ltd has a Price-to-Earnings (P/E) ratio of 150.69, which means investors are willing to pay ₹150.69 for every ₹1 of earnings. With an EPS of ₹3.93, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Ramkrishna Forgings Ltd (RKFORGE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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