Ramkrishna Forgings Ltd

NSE: RKFORGE · Auto Components & Equipments · sector

₹604.85NSE close 2026-10-26

Key numbers

Market cap₹10,999 cr

Price₹604.85

52w high / low₹773 / ₹460

P/E102.7xSector median 24.3x

P/B3.3xSector median 3.3x

Book value₹180.9

Dividend yield0.17%Sector median 0.55%

ROE3.4%Sector median 14.0%

ROCE6.3%Sector median 15.8%

OPM15.7%Sector median 11.6%

Debt / equity0.71xSector median 0.28x

EV/EBITDA18.9xSector median 13.0x

Interest cover1.6x

Current ratio1.15x

Sales growth 3y+9.9%Sector median +9.0%

Profit growth 3y-33.9%Sector median +9.5%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹166 cr vs borrowings ₹2,335 cr (FY26): borrowings are higher by ₹2,169 cr.
Operating profit covered interest 1.6x in the last 12 months.
16.12% of the promoters' shares are pledged (6.6% of all shares).
Promoter holding fell by 2.20 percentage points in a year, to 40.93% (2026-09-30).
Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 3 of the last 4 quarters.
Other income was 12% of net profit in the last 12 months.
Debtor days went from 78 (FY24) to 68 (FY26).
Dividend paid in 5 of the last 5 financial years.
Price ₹604.85 on 2026-10-26: -21.7% from the 52-week high, +31.4% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,047.90 · low ₹462.70

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,054	1,074	947	1,015	908	1,099	1,217	1,217
EBITDA	232	231	98	142	118	153	208	218
OPM %	22.1%	21.6%	10.4%	14.0%	13.0%	13.9%	17.1%	18.0%
Other income	3	4	11	4	6	2	2	3
Net profit	189	100	200	12	-10	14	56	47
EPS (₹)	10.49	5.51	11.04	0.65	-0.53	0.75	3.09	2.58
Revenue YoY					-13.9%	+2.3%	+28.5%	+19.8%
Profit YoY					-105.0%	-86.4%	-72.0%	+297.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	2,320	3,193	3,955	4,034	4,238	4,439
EBITDA	517	692	839	558	632	697
Net profit	198	248	341	415	72	107
EPS (₹)	12.43	15.52	20.27	22.95	3.97	5.89
Revenue growth		+37.6%	+23.9%	+2.0%	+5.1%	+8.6%
Profit growth		+25.3%	+37.6%	+21.6%	-82.7%	-78.6%
Dividend / share (₹)	1.50	1.70	1.50	2.00	1.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+9.9%	+26.9%	+8.5%
Net profit	-33.9%	+28.3%	-78.6%
EPS	-36.5%	-9.2%	–
Share price	–	-19.9% (2y)	+15.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	1,322	2,684	3,037	3,290
Borrowings	–	1,307	1,118	2,013	2,335
Cash & equivalents	–	47	229	29	166
Total assets	–	3,730	5,308	6,557	7,178
Fixed assets	–	1,657	2,118	2,660	3,440
Capital work in progress	–	91	216	498	337
Investments	–	0	73	2	0
Receivables	–	775	850	975	795
Inventory	–	907	1,100	1,254	1,246
Payables	–	792	1,017	1,080	1,145

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	43	745	621	33	840
Cash from investing	-354	-299	-1,117	-916	-929
Cash from financing	280	-438	625	727	235
Capex	300	357	589	977	925
Free cash flow	-257	389	32	-944	-85

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	18.8%	12.7%	13.7%	2.2%
ROCE %	–	18.8%	16.1%	6.2%	5.5%
Debtor days	–	89	78	88	68
Inventory days	–	228	222	229	210
Payable days	–	199	205	197	193
Cash conversion cycle (days)	–	118	95	120	85
Working capital days	–	43	76	21	27

Shareholding

Holder	% (2026-09-30)
Promoters	40.93%
FIIs	17.05%
DIIs	5.73%
of which Mutual funds	1.99%
of which Insurance	1.15%
Government	0.00%
Public (non-institutions)	36.11%

Quarter	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	Sep 2026
Promoters %	43.13%	43.13%	43.13%	43.13%	43.33%	43.39%	39.82%	40.93%

Promoter group	%
Riddhi Portfolio Private Limited	34.10%
Chaitanya Jalan	3.47%
Naresh Jalan	1.49%
Rashmi Jalan	1.13%
Naresh Jalan HUF	0.72%
Radhika Jalan	0.01%
Mahabir Prasad Jalan	0.00%
Mahabir Prasad Jalan HUF	0.00%
Riddhi Jalan	0.00%

Public holders above 1%	%
MAA Chandi Financial Advisory Services (P) Ltd	3.50%
Lata Bhanshali	2.84%
Akash Bhanshali	2.18%
Blue Daimond Properties PVT Ltd	1.55%
OLD Bridge Focused Fund	1.51%
Blue Lotus Investment Fund	1.35%
Massachusetts Institute of Technology	1.24%
Smallcap World Fund, INC	1.20%
Cohesion MK Best Ideas Sub-trust	1.17%
Payal Bhanshali	1.17%
Morgan Stanley Asia (Singapore) PTE. - ODI	1.14%
Life Insurance Corporation of India	1.11%
Aadi Financial Advisors LLP	1.00%

1,06,395 shareholders. Pledged: 16.12% of promoter shares.

Peers in Auto Components & Equipments

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
MOTHERSON	₹1,62,274 cr	37.0x	4.0x	11.6%	12.9%	9.3%	+17.0%	0.44%
BOSCHLTD	₹1,32,455 cr	56.0x	8.9x	16.5%	21.7%	13.4%	+10.3%	1.14%
BHARATFORG	₹82,736 cr	117.2x	8.7x	7.5%	10.0%	14.0%	+9.2%	0.46%
UNOMINDA	₹61,747 cr	51.3x	9.0x	19.1%	16.6%	10.9%	+20.5%	0.27%
SCHAEFFLER	₹54,960 cr	43.9x	8.9x	21.6%	27.8%	18.2%	–	–
SONACOMS	₹48,637 cr	69.8x	8.1x	12.0%	15.2%	23.6%	+18.7%	0.41%
TIINDIA	₹40,369 cr	66.5x	5.2x	9.1%	23.6%	9.2%	+15.2%	0.42%
ENDURANCE	₹31,415 cr	32.4x	4.6x	15.4%	16.7%	13.1%	+18.4%	0.45%
EXIDEIND	₹28,636 cr	30.7x	2.1x	6.7%	9.7%	10.3%	+6.1%	0.60%
RKFORGE	₹10,999 cr	102.7x	3.3x	3.4%	6.3%	15.7%	+9.9%	0.17%

All 132 companies in Auto Components & Equipments →

Dividends & corporate actions

Ex-date	Action	Detail
2026-05-08	Dividend	Interim Dividend - Re 1 Per Share
2025-06-06	Dividend	Interim Dividend - Re 1 Per Share
2024-10-31	Dividend	Interim Dividend - Re 1 Per Share
2024-08-23	Other	Annual General Meeting
2024-05-10	Dividend	Interim Dividend - Re 1 Per Share
2023-10-30	Dividend	Interim Dividend - Re 1 Per Share
2023-09-08	Other	Annual General Meeting
2023-05-09	Dividend	Interim Dividend - Re 0.50 Per Share
2023-01-31	Dividend	Interim Dividend - Re 0.50 Per Share
2022-11-01	Dividend	Interim Dividend - Rs 0.50 Per Share
2022-09-08	Dividend	Annual General Meeting/Dividend - Rs 0.20 Per Share
2022-07-28	Dividend	Interim Dividend- Rs 0.50 Per Share
2022-03-14	Split	Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
2022-01-28	Dividend	Interim Dividend - Rs 0.50 Per Share
2021-10-21	Dividend	Interim Dividend - Rs 0.50 Per Sh
2021-09-16	Other	Annual General Meeting
2021-08-05	Dividend	Interim Dividend - Re 0.50 Per Share
2020-09-10	Other	Annual General Meeting
2019-08-29	Dividend	Dividend - Rs 1.50 Per Share
2018-09-12	Dividend	Annual General Meeting/Dividend Re 1/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Forged Products: Forgings of different types of metal and metal products.


Sector	Consumer Discretionary
Industry	Auto Components & Equipments
Sub-industry	Auto Components & Equipments
Symbol	RKFORGE
BSE code	532527
ISIN	INE399G01023
Face value	₹2.0
Incorporated	1981-11-12
Website	www.ramkrishnaforgings.com
Plants (India / abroad)	11 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.