Ramkrishna Forgings Ltd.

NSE: RKFORGE · Automobile and Auto Components

₹693.85-4.25%06 Nov 2026

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Instant answers about Ramkrishna Forgings Ltd. — computed from its filings, no language model

Market cap₹12,850 cr

Current price₹693.85

High / Low₹755 / ₹463

P/E68.7

P/B3.57

Book value₹194.1

ROE5.2%

ROCE8.1%

Debt / equity0.61

Dividend yield0.14%

EPS (TTM)₹10.10

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	1,216	1,289	2,320	3,193	3,955	4,238
EBITDA	207	223	517	692	840	643
Operating margin	17.0%	17.3%	22.3%	21.7%	21.2%	15.2%
Interest	79	80	96	120	152	210
Depreciation	121	117	169	202	258	333
Profit before tax	15	32	253	374	459	102
Tax	5	11	55	126	118	12
Net profit	10	21	198	248	341	72
EPS ₹	2.97	6.44	12.43	15.52	20.27	3.97
Operating cash flow	—	—	43	745	621	840
Capex	—	—	300	357	589	925
Dividend paid	—	—	5	27	24	18
Total assets	2,229	2,704	3,484	3,730	5,308	7,178
Equity	876	883	1,078	1,322	2,684	3,290

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	401	294	286	240	114	252	403	520	417	579	601	719	699	824	777	892	892	981	1,058	1,023	1,005	1,054	1,074	1,015	908	1,099	1,217	1,217	1,405
Operating profit	74	49	49	36	-5	45	76	106	96	131	141	148	150	175	173	194	192	206	224	217	208	233	232	149	123	163	208	218	256
Operating margin	18.4%	16.6%	17.2%	15.1%	-4.2%	18.0%	18.8%	20.4%	23.0%	22.6%	23.5%	20.5%	21.4%	21.3%	22.3%	21.8%	21.5%	20.9%	21.2%	21.3%	20.7%	22.1%	21.6%	14.6%	13.5%	14.9%	17.1%	18.0%	18.2%
Other income	0	1	1	4	1	1	1	2	1	1	2	0	1	1	1	2	5	4	2	19	9	3	4	4	6	2	2	3	4
Interest	21	19	19	20	19	20	22	19	21	21	27	27	26	29	31	34	36	39	41	36	38	39	42	49	53	51	57	57	62
Depreciation	33	28	29	30	22	25	33	37	39	40	45	46	47	50	49	56	57	61	68	72	62	60	64	80	80	84	88	99	103
Profit before tax	21	2	3	-10	-45	2	23	53	37	71	71	75	77	98	94	106	104	110	117	128	116	136	129	17	-10	19	64	65	95
Tax	7	1	0	-3	-16	0	8	19	12	27	25	-9	26	30	32	38	25	28	30	34	35	28	29	6	-1	5	3	18	25
Net profit	14	1	2	-8	-29	1	15	34	25	44	45	84	51	67	61	68	79	82	87	94	81	189	100	12	-10	14	56	47	71
EPS ₹	4.23	0.37	0.70	-2.32	-9.11	0.45	4.64	10.61	7.73	13.78	14.18	5.31	3.22	4.20	3.82	4.28	4.91	5.14	5.02	5.19	4.48	10.49	5.51	0.65	-0.53	0.75	3.09	2.58	3.88
Revenue YoY	—	—	—	—	-71.6%	-14.2%	41.1%	116.9%	267.1%	129.7%	49.3%	38.1%	67.7%	42.4%	29.3%	24.1%	27.6%	19.0%	36.1%	14.8%	12.6%	7.4%	1.5%	1.0%	-13.9%	2.3%	—	19.8%	54.9%
Profit YoY	—	—	—	—	-313.8%	20.8%	549.1%	—	—	2938.6%	206.4%	147.7%	108.1%	52.6%	34.6%	-18.4%	52.8%	22.3%	42.3%	37.1%	3.0%	129.3%	14.7%	-85.4%	-105.0%	-86.4%	—	297.6%	—

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Ramkrishna Forgings Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY17†	FY18†	FY19†
Revenue	285	409	501	404	430	741	876	1,449	1,807
Operating profit	44	69	81	60	56	127	165	285	379
Operating margin	15.3%	16.9%	16.2%	14.9%	13.2%	17.1%	18.8%	19.6%	21.0%
Other income	1	1	0	1	2	6	3	4	3
Interest	15	16	19	20	21	30	73	70	79
Depreciation	13	21	27	23	25	31	69	84	121
Profit before tax	16	33	36	19	13	78	25	134	182
Tax	5	11	12	8	4	4	6	40	63
Net profit	11	22	24	11	8	75	19	95	119

Quarters

showing latest 8 of 45 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	40	55	74	76	60	39	51	71	80	83	77	100	107	125	112	118	129	143	95	117	95	96	108	97	89	135	123	163	213	242	236	236	199	218	156	213	289	276	333	400	440	410	461	491	443
Operating profit	8	11	13	14	9	5	8	11	13	12	12	18	18	21	19	19	20	23	16	19	13	13	12	13	11	21	18	27	38	44	49	48	36	42	27	40	56	51	65	77	92	86	98	106	89
Operating margin	20.1%	19.3%	17.3%	18.4%	15.7%	11.6%	15.8%	15.0%	15.8%	14.9%	16.1%	17.5%	16.9%	16.8%	17.1%	16.1%	15.6%	16.0%	16.3%	15.9%	14.1%	13.2%	11.0%	13.0%	12.7%	15.2%	14.5%	16.5%	17.8%	18.3%	20.8%	20.4%	18.3%	19.2%	17.1%	18.6%	19.5%	18.4%	19.6%	19.3%	20.8%	21.1%	21.2%	21.5%	20.2%
Other income	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	1	0	1	1	1	4	1	0	1	0	1	1	1	1	0	1	1	1	1	1	1	1	1	1
Interest	2	3	3	4	4	5	5	4	3	3	3	4	4	4	5	4	4	5	5	6	5	4	4	5	6	7	6	7	9	8	12	13	12	18	17	20	18	19	19	15	18	18	21	21	20
Depreciation	2	3	3	3	3	2	2	3	4	4	4	5	6	6	7	7	7	7	5	6	6	6	6	6	5	8	7	8	8	9	12	13	13	17	17	18	18	19	20	20	25	27	28	33	33
Profit before tax	4	5	7	8	2	-3	1	4	6	5	5	8	9	11	8	8	9	11	6	7	3	3	2	2	1	7	9	20	22	28	25	24	12	8	-6	2	21	14	27	43	50	43	50	53	37
Tax	2	2	2	3	1	-1	0	2	2	1	2	3	3	3	3	3	3	3	2	2	1	3	1	1	0	2	3	4	4	-7	7	7	3	2	-2	-1	7	5	4	15	16	15	17	19	12
Net profit	3	3	5	5	1	-2	1	3	4	4	3	5	6	8	5	6	6	8	4	4	2	0	2	1	1	5	6	17	18	35	18	17	9	6	-4	3	14	9	24	28	34	28	33	34	25
EPS ₹	1.84	2.22	2.99	3.19	0.92	-1.34	0.47	1.65	2.48	2.43	1.94	3.17	3.71	4.60	2.95	3.18	3.09	4.41	2.18	2.46	1.23	0.19	0.61	0.59	0.30	1.82	2.26	6.07	6.45	12.60	6.44	6.15	3.32	2.17	-1.44	0.99	4.91	3.17	7.41	8.51	10.53	8.50	10.06	10.40	7.65
Revenue YoY	—	—	—	—	49.0%	-28.7%	-33.6%	17.6%	106.1%	—	52.7%	41.3%	33.4%	50.1%	44.6%	17.9%	20.0%	14.5%	-14.9%	-0.6%	-26.1%	-32.6%	14.2%	-17.5%	-6.6%	40.5%	13.6%	67.8%	140.2%	78.5%	91.2%	45.3%	-6.6%	-7.5%	-33.8%	6.7%	—	26.6%	112.8%	88.2%	52.5%	48.9%	38.6%	22.8%	0.7%
Profit YoY	—	—	—	—	-49.3%	-160.1%	-85.3%	78.2%	—	—	343.1%	105.9%	60.5%	97.4%	60.2%	6.9%	-8.2%	6.0%	-22.5%	-20.1%	-60.2%	-95.3%	-61.6%	-67.0%	-65.9%	1136.8%	288.2%	1023.1%	2231.6%	636.2%	200.0%	2.3%	-48.1%	-64.8%	-124.5%	-69.0%	—	45.7%	—	873.0%	143.6%	205.3%	39.0%	22.2%	-27.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	1.1%	-3.8%	-3.8%	-2.4%	2.3%	8.5%	13.3%	16.8%	18.4%	20.8%	20.9%	22.2%	18.8%	20.8%	18.8%	20.5%	12.7%	12.8%	15.3%	15.7%	2.2%	3.2%	5.2%
ROCE	5.3%	1.5%	1.6%	2.9%	5.3%	9.2%	12.6%	15.1%	13.1%	14.8%	16.7%	17.7%	18.8%	20.2%	18.0%	19.1%	16.1%	16.4%	15.0%	15.3%	5.3%	6.4%	8.1%
Net margin	0.8%	-3.6%	-3.7%	-2.1%	1.6%	4.7%	6.1%	7.0%	8.6%	8.6%	8.7%	8.7%	7.8%	8.1%	8.2%	8.3%	8.6%	8.5%	10.9%	11.1%	1.7%	2.4%	3.8%
EBITDA margin	17.0%	13.9%	14.2%	15.2%	17.3%	20.3%	21.3%	22.4%	22.3%	21.9%	21.6%	21.4%	21.7%	21.7%	21.6%	21.3%	21.2%	21.0%	21.3%	21.4%	15.2%	16.1%	17.1%
Debt / equity	1.01	1.01	1.01	1.01	1.39	1.39	1.39	1.39	1.48	1.48	1.17	1.17	0.99	0.99	0.99	0.99	0.42	0.42	0.48	0.48	0.71	0.71	0.61
Interest coverage	1.19	0.34	0.35	0.62	1.40	2.40	3.21	3.62	3.64	3.88	3.93	4.02	4.12	4.10	3.96	3.92	4.03	4.07	4.25	4.30	1.43	1.63	2.07
Asset turnover	0.55	0.42	0.40	0.45	0.48	0.59	0.71	0.78	0.66	0.75	0.81	0.86	0.86	0.91	0.79	0.85	0.75	0.77	0.70	0.70	0.59	0.62	0.64

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 14 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	29	33	33	33	32	32	32	32	33	36	36	36	36	37
Other equity / reserves	440	726	840	843	851	1,046	1,154	1,290	1,512	2,648	2,906	3,031	3,254	3,558
Total equity	469	759	872	876	883	1,078	1,186	1,322	1,545	2,684	2,942	3,068	3,290	3,595
Borrowings	875	753	820	881	1,229	1,591	1,388	1,307	1,526	1,118	1,400	2,613	2,335	2,193
Current liabilities	913	—	793	794	1,065	1,423	1,455	1,470	1,877	1,553	1,894	2,408	2,132	2,229
Non-current liabilities	476	—	535	559	757	982	871	938	1,059	1,071	1,119	1,412	1,756	1,906
Total assets	1,858	2,056	2,200	2,229	2,704	3,484	3,512	3,730	4,481	5,308	5,955	6,887	7,178	7,729
Property, plant & equipment	1,016	1,068	1,107	1,160	1,224	1,436	1,441	1,657	1,801	2,118	2,230	2,671	3,440	3,481
Capital work-in-progress	50	44	130	219	276	129	177	91	181	216	429	815	337	484
Investments	0	0	0	0	0	55	0	0	11	125	129	210	241	310
Inventories	229	299	331	359	438	709	841	907	1,024	1,100	1,367	1,302	1,246	1,469
Receivables	444	515	510	346	573	891	796	775	901	850	968	941	795	1,025
Cash & equivalents	1	1	2	3	67	36	3	45	24	173	69	37	162	100

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	20	44	144	127	267	254	140	43	745	621	840
Cash from investing	-287	-272	-107	-110	-254	-231	-222	-354	-299	-1,117	-929
Cash from financing	279	214	-37	-17	-12	-22	147	280	-438	625	235
Capex	291	299	109	113	255	228	231	300	357	589	925
Free cash flow	-271	-256	34	14	13	27	-91	-257	389	32	-85
Dividends paid	—	—	7	4	4	6	0	5	27	24	18

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹3,481 cr45%

CWIP

₹484 cr6%

Investments

₹310 cr4%

Inventories

₹1,469 cr19%

Receivables

₹1,025 cr13%

Cash & equivalents

₹100 cr1%

Other assets

₹861 cr11%

Peer comparison

largest in Automobile and Auto Components · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Maruti Suzuki India Ltd.	4,00,860	12,750.00	29.8	3.68	12.3%
Mahindra & Mahindra Ltd.	3,67,588	3,287.20	19.0	3.75	19.8%
Bajaj Auto Ltd.	2,99,543	10,900.00	22.9	8.18	35.7%
TVS Motor Company Ltd.	2,13,401	4,491.70	55.8	18.81	33.7%
Eicher Motors Ltd.	2,10,528	7,669.50	36.5	8.39	23.0%
Hyundai Motor India Ltd.	1,73,071	2,130.00	51.8	8.49	16.4%
Samvardhana Motherson International Ltd.	1,67,340	158.55	35.4	3.69	10.4%
Bosch Ltd.	1,49,565	50,700.00	56.5	19.51	34.6%
Hero MotoCorp Ltd.	1,10,343	5,513.00	18.4	4.71	25.6%
Tata Motors Passenger Vehicles Ltd.	1,07,602	292.00	1.4	0.96	70.7%
Ramkrishna Forgings Ltd.	12,850	693.85	68.7	3.57	5.2%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-3.1%

6 months+11.6%

1 year+27.2%

3Y CAGR+0.6%

5Y CAGR+27.1%

10Y CAGR+26.3%

50-day avg₹696.34

200-day avg₹606.66

RSI (14)50

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FAQs

What is the share price of Ramkrishna Forgings Ltd.?

Ramkrishna Forgings Ltd. (RKFORGE) closed at ₹693.85 on NSE on 06 Nov 2026.

What is the market cap of Ramkrishna Forgings Ltd.?

₹12,850 crore at the latest close.

What is the P/E ratio of Ramkrishna Forgings Ltd.?

68.7, on trailing-twelve-month earnings from its filings.

How fast is Ramkrishna Forgings Ltd. growing?

Ramkrishna Forgings Ltd.: revenue has compounded at 22.2% a year over three years; net profit at -28.7% a year. Latest-quarter revenue is up 54.9% year on year.

How profitable is Ramkrishna Forgings Ltd.?

On a trailing-twelve-month basis return on equity is 5.2%, return on capital employed 8.1%, operating margin 17.1%, net margin 3.8%.

How much debt does Ramkrishna Forgings Ltd. have?

Ramkrishna Forgings Ltd. is moderately geared: debt to equity is 0.61 with borrowings of ₹2,193 cr against cash of ₹100 cr (balance sheet of 2026-09-30). Operating profit covers interest 2.1 times.

Financials parsed from Ramkrishna Forgings Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.