RKFORGE

What Ramkrishna Forgings promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 2 delivered 6 missed 13 open
  • EBITDA Margin Recovery missed said Q1 FY26 Promised: back to our old days of margins [21-22%] on a standalone basis by Q4 FY26 or Q1 FY27 Q1 FY27: Achieved 17.96% EBITDA margin in Q1 FY27, missing the target of 21-22% by the stated deadline.
  • Rail Wheels JV Operations delayed said Q1 FY26 Promised: start operations by Jan 2026 Q1 FY27: Timeline pushed again. Trial production started, but samples submission now in August, with bulk production expected by Sep/Oct 2026.
  • Promoter Capital Infusion delivered said Q4 FY25 Promised: commit to get this entire money [Rs. 204.75 Cr] before the end of this financial year [FY26] Q4 FY26: Achieved. Management commentary for FY27 debt reduction refers to the promoter funding having been received.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 21 tracked commitments for Ramkrishna Forgings — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens