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Ramkrishna Forgings Limited

Ramkrishna Forgings Limited

NSE: RKFORGE
Metal FabricationIndustrialsMID CAPMCap ₹12.70k Cr
₹685.45₹-15.30 (-2.18%)

Market Closed • NSE

Market cap₹12.70k Cr
Enterprise value₹15.02k Cr
P/E TTM117.77
Forward P/E34.22
P/B3.77
EPS TTM₹5.82
Forward EPS₹20.03
ROCE5.60%
D/E0.74
Dividend yield0.00%
Face value₹2.00
52W high₹772.80
52W low₹460.15
Price chart(1Y)
1Y Return:+23.59% (+₹130.85)
H: ₹772.8L: ₹530.1
1W-2.14%
1M-5.72%
3M+23.76%
6M+28.30%
1Y+24.18%
Today at a glance

Day range

₹678.55₹705.40

52 week range

₹460.15₹772.80
Volume644.3K1.19x 20D avg
Free float50.00%+18.90% volume

Ramkrishna Forgings Limited closed at INR685.45 (-2.18%) on volume 1.19x its 20-day average, trading 11.3% below its 52-week high.

Technical analysis
RSI (14)42.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹24.31High
SMA 20₹706.86BEARISH
SMA 50₹717.70BEARISH
SMA 100₹645.95BULLISH
SMA 200₹593.95BULLISH
CPR bottom₹704.55
Pivot₹703.28
CPR top₹702.02
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -16.1% QoQ

2026-05-08

DIVIDEND Announced

Interim Dividend - Re 1 Per Share

2025-06-06

DIVIDEND Announced

Interim Dividend - Re 1 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.45k Cr₹12.70k Cr19.29%≤ 33%PASS
Non-halal income ratio–₹4.24k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹7.02k Cr₹7.18k Cr97.74%≥ 20%PASS
Receivables ratio–₹7.18k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E117.7727.60
Forward P/E34.22—
P/B3.773.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield0.803.60
Growth & profitability
RevenuePAT
FY24PAT margin 7.90%
FY25PAT margin 10.30%
FY26PAT margin 1.70%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+1.70%
Revenue CAGR 5Y+4.90%
PAT CAGR 3Y-44.30%
PAT CAGR 5Y-24.40%
Operating margin9.78%
Net margin2.41%
Financial health & cash flow
Net debt₹2.29k CrModerate
Interest coverage1.50xEBIT / interest
CFO / PAT3.06x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹839.8 Cr
Capital expenditure–
Free cash flow₹-8534.6 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation35/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 3.06x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 117.8x

Bull case

Market Leadership: Established operational scale in Metal Fabrication.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
26.20%Institutional holding
30.37%Public holding
5Periods available
0.00%Promoter pledged
1.09LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
08 May 2026Dividend₹1.00 / share—08 May 2026
06 Jun 2025Dividend₹1.00 / share—06 Jun 2025
02 Nov 2024Dividend₹1.00 / share—31 Oct 2024
—Annual General MeetingAnnual General Meeting—23 Aug 2024
10 May 2024Dividend₹1.00 / share—10 May 2024
30 Oct 2023Dividend₹1.00 / share—30 Oct 2023
—Annual General MeetingAnnual General Meeting—08 Sept 2023
09 May 2023Dividend₹0.50 / share—09 May 2023
31 Jan 2023Dividend₹0.50 / share—31 Jan 2023
02 Nov 2022Dividend₹0.50 / share—01 Nov 2022
—Dividend₹0.20 / share—08 Sept 2022
29 Jul 2022Dividend₹0.50 / share—28 Jul 2022
15 Mar 2022Dividend₹10.00 / share—14 Mar 2022
31 Jan 2022Dividend₹0.50 / share—28 Jan 2022
22 Oct 2021Dividend₹0.50 / share—21 Oct 2021
—Annual General MeetingAnnual General Meeting—16 Sept 2021
06 Aug 2021Dividend₹0.50 / share—05 Aug 2021
—Annual General MeetingAnnual General Meeting—10 Sept 2020
—Dividend₹1.50 / share—29 Aug 2019
—Dividend₹1.00 / share—12 Sept 2018
—Dividend₹1.00 / share—07 Sept 2017
—Dividend₹2.00 / share—15 Sept 2016
—Dividend₹2.00 / share—03 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)50.04%-0.49% latest vs average
Highest delivery63.79%on 18 Sept
Average volume (20D)577.8KTrading-session average
Conviction trendWeakening-0.49% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹5.10L30.721.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.06L30.060.44%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.11L33.400.97%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.69L43.830.68%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.87L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L62.030.33%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.360.44%₹3,559.00₹362.00+21.05%+2.84%
Hitachi Energy India Limited
Hitachi Energy India LimitedPOWERINDIA
Open analysis
₹1.36L118.580.03%₹2,707.35₹330.46+47.10%+79.71%
About Ramkrishna Forgings Limited
Ramkrishna Forgings Limited

Ramkrishna Forgings Ltd is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coaches and engineering parts. [1][2] It is the 2nd largest forging player in India.[3]

IndiaIndustrials

Questions investors ask
Is Ramkrishna Forgings Limited Shariah compliant?

Ramkrishna Forgings Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (19.29%) complies with AAOIFI threshold (≤ 33%).

What is Ramkrishna Forgings Limited's current valuation relative to peers?

Ramkrishna Forgings Limited trades at a P/E of 117.8x compared to the sector median of 27.6x, and a Price-to-Book of 3.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.74x. Interest coverage is 1.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 4.9% while net profit growth averaged -24.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.