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Ramkrishna Forgings share price & results

Ramkrishna Forgings Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Kolkata-based forging and casting manufacturer supplying components to commercial vehicle, railway, and industrial OEMs worldwide.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,217 ₹ crore+19.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin18.0 %+4.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit47.0 ₹ crore+291.7% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity3.64 %−11.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-0.92 %+22.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)8.58 %−3.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 8 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Ramkrishna Forgings Limited management guidance track record on Inve: 21 targets tracked across analysed earnings calls (2 achieved, 6 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA Margin Recoveryback to our old days of margins [21-22%] on a standalone basis by Q4 FY26 or Q1 FY27
Call transcript, Q1 FY26 · 1 Aug 2025		Q1 FY26Q1 FY27:Achieved 17.96% EBITDA margin in Q1 FY27, missing the target of 21-22% by the stated deadline.
Call transcript, Q1 FY27 · 24 Jul 2026		Missed
Rail Wheels JV Operationsstart operations by Jan 2026
Call transcript, Q1 FY26 · 1 Aug 2025		Q1 FY26Q1 FY27:Timeline pushed again. Trial production started, but samples submission now in August, with bulk production expected by Sep/Oct 2026.
Call transcript, Q1 FY27 · 24 Jul 2026		Delayed
Promoter Capital Infusioncommit to get this entire money [Rs. 204.75 Cr] before the end of this financial year [FY26]
Call transcript, Q4 FY25 · 2 Jun 2025		Q4 FY25Q4 FY26:Achieved. Management commentary for FY27 debt reduction refers to the promoter funding having been received.
Call transcript, Q4 FY26 · 4 May 2026		Achieved

Source: Inve Guidance Tracker for Ramkrishna Forgings Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of Ramkrishna Forgings Limited's 21 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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Price

₹604.85 +2.33% · +₹13.75

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +11.5% 1Y

₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 27 Jan 2026Q4 FY26 — 4 May 2026Q1 FY27 — 24 Jul 2026

1Y: ₹542.55 on 24 Oct 2025 → ₹604.85. High ₹755 (17 Aug 2026), low ₹462.7 (23 Mar 2026).

Previous close
₹591.1
Market cap
₹11.2k Cr
52-week range
₹462.7 – ₹755
One year
+13.34%
Price to earnings (TTM to Jun 2026)
97.60×
Return on equity (TTM to Jun 2026)
3.64%

Overview

Symbol
NSE:RKFORGE
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Ramkrishna Forgings Limited does

Based on the company's own presentations, annual report and earnings calls.

Ramkrishna Forgings makes hot/warm/cold forged, machined, cast and fabricated metal components used in commercial vehicles, railways, mining and farm equipment, passenger vehicles, EVs, oil & gas, and industrial/steel/cement/power applications. It operates as a one-stop solution provider across hammer & upsetter forging, ring rolling, press lines, gear grinding, aluminium forging, casting and machining, selling to domestic and export (mainly North American and European) automotive and non-automotive OEMs. Through a majority-owned joint venture with Titagarh Rail Systems, it is also setting up a forged-wheel manufacturing plant to supply Indian Railways.

Segments

  • Forgings (RKFL)
  • Castings (RKCSL)
  • Rail Wheel JV
  • Mexico operations
Manufacturing facilities
19 (18 in India, 1 in Mexico)
India plant locations
Jamshedpur (16 plants: RKFL-7, MAPL-3, RKCL-6), Howrah (West Bengal), Manesar
Total installed capacity
3,95,800 MT (ring rolling, forging, press lines and casting combined)
Press line capacity
2,39,050 MT
Forging capacity
70,350 MT
Ring rolling capacity
24,000 MT
Founded 1981Headquarters Kolkata, West Bengal, India Company website

How the price took the results

close before → close after

Q1 FY27
−0.6%
24 Jul
Q4 FY26
+1.6%
4 May
Q3 FY26
−2.5%
27 Jan
Q2 FY26
−0.9%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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