| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 424 | 487 | 542 | 480 | 401 | 294 | 286 | 244 | 115 | 253 | 404 | 523 | 418 | 579 | 603 | 719 | 700 | 825 | 778 | 893 | 897 | 906 | 999 | 993 | 970 | 1,138 | 1,077 | 959 | 1,019 | 913 |
| Expenses | 336 | 388 | 434 | 389 | 327 | 245 | 235 | 204 | 118 | 207 | 327 | 414 | 321 | 448 | 460 | 571 | 549 | 649 | 605 | 698 | 700 | 699 | 776 | 786 | 791 | 888 | 948 | 849 | 873 | 790 |
| EBITDA | 88 | 100 | 108 | 91 | 74 | 49 | 51 | 40 | -4 | 47 | 77 | 109 | 96 | 132 | 143 | 148 | 151 | 176 | 174 | 196 | 197 | 207 | 223 | 206 | 179 | 250 | 130 | 110 | 146 | 124 |
| Operating Profit % | 21 % | 20 % | 20 % | 19 % | 18 % | 17 % | 17 % | 15 % | -4 % | 18 % | 19 % | 20 % | 23 % | 23 % | 24 % | 21 % | 21 % | 21 % | 22 % | 22 % | 22 % | 22 % | 22 % | 19 % | 18 % | 16 % | 12 % | 10 % | 14 % | 13 % |
| Depreciation | 27 | 28 | 33 | 33 | 33 | 29 | 29 | 30 | 22 | 25 | 33 | 37 | 39 | 40 | 45 | 46 | 47 | 50 | 49 | 56 | 57 | 61 | 68 | 72 | 62 | 60 | 64 | 85 | 80 | 80 |
| Interest | 18 | 21 | 22 | 21 | 21 | 19 | 19 | 20 | 19 | 20 | 22 | 19 | 21 | 21 | 27 | 27 | 27 | 29 | 31 | 34 | 36 | 38 | 39 | 34 | 37 | 39 | 42 | 49 | 49 | 53 |
| Profit Before Tax | 43 | 50 | 54 | 37 | 21 | 2 | 3 | -10 | -45 | 2 | 23 | 53 | 37 | 71 | 71 | 75 | 77 | 98 | 94 | 106 | 104 | 109 | 117 | 100 | 80 | 151 | 24 | -24 | 17 | -10 |
| Tax | 15 | 17 | 20 | 12 | 7 | 1 | 0 | -3 | -16 | 0 | 8 | 19 | 12 | 27 | 25 | -9 | 26 | 30 | 33 | 38 | 25 | 27 | 30 | 34 | 26 | 11 | 3 | -224 | 6 | -1 |
| Net Profit | 28 | 33 | 34 | 25 | 14 | 1 | 2 | -8 | -30 | 2 | 15 | 34 | 25 | 44 | 45 | 84 | 51 | 67 | 61 | 68 | 79 | 82 | 87 | 66 | 55 | 140 | 21 | 200 | 12 | -10 |
| EPS in ₹ | 8.55 | 10.13 | 10.52 | 10.52 | 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 | 3.66 | 3.02 | 7.72 | 1.16 | 11.04 | 0.65 | -0.53 |
Ramkrishna Forgings
Ramkrishna Forgings
521.15
-13.85
(-2.59%)
Key Fundamentals
Market Cap
9,434.41 Cr
EPS
22.95
PE Ratio
43.84
Dividend Yield
0.37 %
Industry
Automobiles 52 Week High
1,020.00
52 Week Low
513.20
PB Ratio
3.19
Debt to Equity
0.59
Sector
Auto Components Analyst Rating and Forecast
- By Refinitiv from4 analysts
Actual
Company News
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Ramkrishna Forgings Limited has submitted applications to BSE and NSE seeking approval to reclassify Ramkrishna Rail and Infrastructure Private Limited from promoter group category to public shareholder category. The application was filed on November 17, 2025, following earlier intimations to the exchanges regarding this reclassification process.
Ramkrishna Forgings posted a consolidated loss of Rs. 9.5 crores in Q2 FY26 with revenue declining 10.6% to Rs. 907.53 crores, primarily due to forex losses of Rs. 6.77 crores and tariff impact of Rs. 10.75 crores. The company secured new orders worth Rs. 1,116 crores with 4-year program life and expects significant recovery in H2 with management confident of achieving double-digit growth for the full year.
Ramkrishna Forgings Limited will hold an EGM on December 12, 2025, to approve issuance of 34,00,000 convertible warrants at ₹588 each to promoter Chaitanya Jalan, raising ₹199.92 crores. The funds will be used for debt repayment and general corporate purposes, with warrants convertible to equity shares within 18 months.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
109.22 | #1 1,15,275.62 | #1 33.35 | #1 1,14,220.30 | 15.51 | #1 4,146 | -10.88 | 55.87 | |
36,200.00 | 1,06,766.98 | 40.75 | 18,901.30 | 8.32 | 2,013 | 3.32 | 36.93 | |
1,279.50 | 73,687.78 | 63.38 | 16,803.90 | #1 19.48 | 1,021 | 21.26 | 51.42 | |
1,412.20 | 67,515.68 | 63.60 | 15,336.60 | -3.60 | 913 | #1 23.02 | 65.21 | |
3,974.40 | 62,121.33 | 59.47 | 6,961.65 | 13.22 | 828 | 22.38 | 43.92 | |
2,909.30 | 56,294.34 | 55.67 | 19,835.70 | 15.71 | 1,054 | 0.94 | 35.32 | |
2,671.90 | 37,583.71 | 43.83 | 11,677.80 | 13.09 | 836 | 11.97 | 40.90 | |
47.59 | 31,560.08 | 53.37 | 9,332.20 | 11.96 | 606 | 8.68 | 51.56 | |
505.80 | 31,446.65 | 51.99 | 3,681.50 | 14.73 | 600 | 18.73 | 67.19 | |
363.45 | 30,893.25 | 40.72 | 17,350.60 | 2.91 | 801 | -25.62 | 25.95 |
Growth Rate
Revenue Growth
8.78 %
Net Income Growth
17.21 %
Cash Flow Change
-94.76 %
ROE
1.68 %
ROCE
-50.07 %
EBITDA Margin (Avg.)
-32.76 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,442 | 1,685 | 1,858 | 2,056 | 2,201 | 2,229 | 2,704 | 3,484 | 3,730 | 5,258 | 6,557 |
| Fixed Assets | 532 | 948 | 1,024 | 1,076 | 1,114 | 1,175 | 1,240 | 1,473 | 1,693 | 2,428 | 2,992 |
| Current Assets | 545 | 633 | 752 | 904 | 903 | 792 | 1,154 | 1,807 | 1,850 | 2,324 | 2,508 |
| Capital Work in Progress | 316 | 35 | 50 | 44 | 130 | 219 | 276 | 130 | 91 | 216 | 498 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55 | 0 | 125 | 190 |
| Other Assets | 594 | 702 | 783 | 937 | 957 | 835 | 1,188 | 1,826 | 1,947 | 2,488 | 2,878 |
| Total Liabilities | 1,442 | 1,685 | 1,858 | 2,056 | 2,201 | 2,229 | 2,704 | 3,484 | 3,730 | 5,258 | 6,557 |
| Current Liabilities | 550 | 642 | 913 | 839 | 793 | 794 | 1,066 | 1,423 | 1,470 | 1,553 | 2,275 |
| Non Current Liabilities | 482 | 573 | 476 | 459 | 535 | 559 | 756 | 983 | 939 | 1,071 | 1,245 |
| Total Equity | 410 | 470 | 469 | 759 | 873 | 876 | 883 | 1,078 | 1,322 | 2,634 | 3,037 |
| Reserve & Surplus | 377 | 442 | 440 | 726 | 840 | 843 | 851 | 1,046 | 1,266 | 2,598 | 3,001 |
| Share Capital | 28 | 29 | 29 | 33 | 33 | 33 | 32 | 32 | 32 | 36 | 36 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -14 | 1 | -1 | 0 | 1 | 1 | 65 | -31 | 8 | 129 | -157 |
| Investing Activities | -272 | -170 | -107 | -110 | -254 | -231 | -222 | -354 | -299 | -1,117 | -912 |
| Operating Activities | 44 | 104 | 144 | 127 | 267 | 254 | 140 | 43 | 745 | 621 | 33 |
| Financing Activities | 214 | 67 | -37 | -17 | -12 | -22 | 147 | 280 | -438 | 625 | 722 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Nov 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 45.90 % | 45.99 % | 46.02 % | 46.04 % | 46.24 % | 46.24 % | 46.27 % | 46.27 % | 46.27 % | 46.27 % | 47.41 % | 43.14 % | 43.14 % | 43.17 % | 43.17 % | 43.17 % | 43.16 % | 43.13 % | 43.13 % | 43.13 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 24.54 % | 23.76 % | 24.25 % | 24.04 % | 24.47 % | 24.45 % | 22.71 % |
| DIIs | 7.93 % | 6.93 % | 5.38 % | 5.37 % | 5.37 % | 4.93 % | 3.07 % | 4.71 % | 4.76 % | 4.20 % | 2.78 % | 2.65 % | 2.00 % | 3.68 % | 4.27 % | 5.13 % | 5.41 % | 6.00 % | 3.59 % | 3.50 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 18.86 % | 19.48 % | 18.83 % | 19.87 % | 21.71 % | 22.34 % | 22.40 % | 22.54 % | 22.10 % | 22.24 % | 20.67 % | 19.30 % | 19.58 % | 18.94 % | 19.16 % | 18.47 % | 18.53 % | 17.71 % | 18.93 % | 20.52 % |
| Others | 27.31 % | 27.60 % | 29.77 % | 28.73 % | 26.68 % | 26.49 % | 28.27 % | 26.48 % | 26.86 % | 27.28 % | 29.13 % | 34.91 % | 35.28 % | 9.66 % | 9.64 % | 8.99 % | 8.86 % | 8.69 % | 9.90 % | 10.15 % |
| No of Share Holders | 9,591 | 14,855 | 13,332 | 29,644 | 43,772 | 56,638 | 61,906 | 58,681 | 60,137 | 66,242 | 83,358 | 80,737 | 85,637 | 83,396 | 96,223 | 89,585 | 95,357 | 98,142 | 1,13,670 | 1,20,495 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1 | 1 | 1.5 | 0.00 | 0.00 | 1.7 | 2 | 2 | 2 |
| Dividend Yield (%) | 0.00 | 0.71 | 0.95 | 4.91 | 0.00 | 0.00 | 0.59 | 0.29 | 0.26 | 0.37 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 12 Dec 2025 |  Extraordinary General Meeting | NA | 12 Dec 2025 | 543.20 | 535.00 |
| 06 Aug 2021 |  Dividend | ₹ 0.50 /share | 05 Aug 2021 | 158.72 | 185.62 |
| 22 Oct 2021 | Dividend | ₹ 0.50 /share | 21 Oct 2021 | 238.51 | 242.23 |
| 31 Jan 2022 | Dividend | ₹ 0.50 /share | 28 Jan 2022 | 209.21 | 187.92 |
| 29 Jul 2022 | Dividend | ₹ 0.50 /share | 28 Jul 2022 | 162.40 | 178.95 |
| 09 Sept 2022 | Dividend | ₹ 0.20 /share | 08 Sept 2022 | 189.65 | 203.65 |
| 02 Nov 2022 | Dividend | ₹ 0.50 /share | 01 Nov 2022 | 228.50 | 235.95 |
| 31 Jan 2023 | Dividend | ₹ 0.50 /share | 31 Jan 2023 | 277.95 | 259.20 |
| 09 May 2023 | Dividend | ₹ 0.50 /share | 09 May 2023 | 327.15 | 347.45 |
| 30 Oct 2023 | Dividend | ₹ 1.00 /share | 30 Oct 2023 | 675.25 | 617.85 |
| 10 May 2024 | Dividend | ₹ 1.00 /share | 10 May 2024 | 751.05 | 686.05 |
| 31 Aug 2024 |  Annual General Meeting | NA | 31 Aug 2024 | 751.05 | 966.55 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 1,030.55 | 944.70 |
| 02 Nov 2024 | Dividend | ₹ 1.00 /share | 31 Oct 2024 | 944.70 | 936.15 |
| 17 Jan 2025 | Quarterly Result Announcement | NA | 17 Jan 2025 | 914.20 | 990.40 |
| 31 May 2025 | Quarterly Result Announcement | NA | 31 May 2025 | 611.40 | 606.25 |
| 06 Jun 2025 | Dividend | ₹ 1.00 /share | 06 Jun 2025 | 606.25 | 600.50 |
| 28 Jun 2025 | Extraordinary General Meeting | NA | 28 Jun 2025 | 606.25 | 668.55 |
| 01 Aug 2025 | Quarterly Result Announcement | NA | 01 Aug 2025 | 624.95 | 582.55 |
| 20 Sept 2025 | Annual General Meeting | NA | 20 Sept 2025 | 606.25 | 566.80 |
| 12 Nov 2025 | Quarterly Result Announcement | NA | 12 Nov 2025 | 531.75 | 543.20 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 days ago
5 days agoSubmission Of No-Objection Application Seeking Reclassification Of Promoter Group Company6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript6 days ago
6 days agoExtra Ordinary General Meeting Of The Company7 days ago
7 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 12, 2025
Nov 12, 2025Board Outcome - Promoter ReclassificationNov 12, 2025
Nov 12, 2025Board Comments On Fine Levied By The ExchangeNov 12, 2025
Nov 12, 2025Statement Of Deviation(S) Or Variation(S) In Utilisation Of Funds Raised Through Preferential IssueNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Preferential IssueNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 12, 2025
Nov 12, 2025Financial Results For The Quarter And Half Year Ended 30 September 2025Nov 12, 2025
Nov 12, 2025Board Meeting Outcome for Outcome Of Board MeetingNov 12, 2025
Nov 12, 2025Reclassification Request - Reg 31A Of SEBI LODR RegulationsNov 11, 2025
Nov 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 08, 2025
Nov 08, 2025Board Meeting Intimation for Quarterly Financial Results & Fund RaisingNov 08, 2025
Nov 08, 2025Second Motion Petition Order In Relation To Scheme Of Amalgamation Of Mal Metalliks Private Limited A Step Down Wholly Owned Subsidiary And Multitech Auto Private Limited A Wholly Owned Subsidiary With Ramkrishna Casting Solutions Limited (Formerly JMT ANov 07, 2025
Nov 07, 2025BSE Clarification Reply - Volume MovementOct 30, 2025
Oct 30, 2025Clarification sought from Ramkrishna Forgings LtdOct 30, 2025
Oct 30, 2025Report On Re-Lodgement Of Transfer Request Of Physical SharesOct 28, 2025
Oct 28, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 27, 2025
Sep 27, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 24, 2025
Sep 24, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Credit RatingSep 24, 2025
Sep 24, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 20, 2025
Sep 20, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 20, 2025
Sep 20, 2025First Motion Order From Honble NCLT W.R.T Amalgamation Of Wholly Owned SubsidiariesSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 02, 2025
Sep 02, 2025Intimation Of Book Closure And Cut-Off Date For The Purpose Of 43Rd Annual General MeetingSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 28, 2025
Aug 28, 2025Reg. 34 (1) Annual Report.Aug 28, 2025
Aug 28, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 27, 2025
Aug 27, 2025Reg. 34 (1) Annual Report.Aug 27, 2025
Aug 27, 2025Notice Of 43Rd Annual General MeetingAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 25, 2025
Aug 25, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Aug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-AllotmentAug 14, 2025
Aug 14, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 08, 2025
Aug 08, 2025Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 02, 2025
Aug 02, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 02, 2025
Aug 02, 2025Rescheduling Of 43Rd Annual General Meeting Of The CompanyAug 01, 2025
Aug 01, 2025Appointment Of Monitoring AgencyAug 01, 2025
Aug 01, 2025Appointment Of Internal AuditorAug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 01, 2025
Aug 01, 2025Standalone And Consolidated Financial Results For The 1St Quarter Ended 30 June 2025Aug 01, 2025
Aug 01, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 01, 2025
Aug 01, 2025Mutual Fund Holdings
ITI Small Cap Fund Direct-Growth 
Nippon India Nifty Smallcap 250 Index Fund Direct - Growth 
JioBlackRock Nifty Smallcap 250 Index Fund Direct - Growth 
Motilal Oswal Nifty Smallcap 250 Index Fund Direct - Growth 
HDFC Nifty Smallcap 250 Index Fund Direct-Growth 
ICICI Prudential Nifty Smallcap 250 Index Fund Direct - Growth 
SBI Nifty 500 Index Fund Direct-Growth 
Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund Direct-Growth 
Navi Nifty 500 Multicap 50:25:25 Index Fund Direct-Growth 
Kotak Nifty Smallcap 250 Index Fund Direct-Growth 
Groww Nifty Total Market Index Fund Direct - Growth 
Axis Nifty 500 Index Fund Direct-Growth 
Bandhan Nifty Total Market Index Fund Direct-Growth 
Angel One Nifty Total Market Index Fund Direct - Growth 
Mirae Asset Nifty Total Market Index Fund Direct-Growth 
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct-Growth 
LIC MF Multi Asset Allocation Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 43.71
ATR(14)
Less Volatile 16.76
STOCH(9,6)
Neutral 34.31
STOCH RSI(14)
Neutral 33.15
MACD(12,26)
Bullish 0.25
ADX(14)
Weak Trend 22.38
UO(9)
Bearish 47.18
ROC(12)
Uptrend And Accelerating 0.14
WillR(14)
Oversold -80.42
About Ramkrishna Forgings
Ramkrishna Forgings Limited is an Indian forging company incorporated in 1981. It manufactures and sells forged components for automobiles, railway wagons, coaches, and engineering parts. The company operates manufacturing facilities in Jharkhand and West Bengal. Its products include forgings for various industries, such as automotive, railways, mining, and general engineering. Ramkrishna Forgings has expanded its production capacity over the years, adding new equipment and technologies. The company serves major original equipment manufacturers and operates in two segments: Forging components and Others. It supplies critical safety items for railway passenger coaches and locomotives. In 2023, RKFL Engineering Industry Private Limited became a wholly owned subsidiary of the company.
Listing Date
05 May, 2004(21 Years,
19 days)
Chairperson NameMahabir Prasad Jalan
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