Ramkrishna Forgings share price
NSE: RKFORGEBSE: 532527Auto ComponentsSmall Cap
Ramkrishna Forgings Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2004
Last close ₹623.30up ₹18.45 (3.05%)BSE ₹623.25
Share price at the NSE close on 27 Oct 2026. Previous close ₹604.85.
27 Oct: open ₹605.20, high ₹631.80, low ₹601.05
52-week range of traded prices to 27 Oct 2026
₹460.15Low, 23 Mar 2026₹772.80High, 19 Aug 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results, dividend and other business matters. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹11,567 Cr564th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 108.21
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹16 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 94.46
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 3.52
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.16%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 3.4%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹16 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 3.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 6.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.71
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 4,73,91651.1% delivered
About Ramkrishna Forgings
Ramkrishna Forgings Limited makes forged and machined components, and also makes castings. It manufactures through cold forging, warm forging and hot forging, and runs ring rolling and press forging lines. Its customers are vehicle makers and their first-tier suppliers in India and abroad. The company is headquartered in Kolkata.
Its components go to commercial vehicles, passenger vehicles, railways, mining, earth moving and farm equipment, oil and gas, and industrial users. Castings are made mainly through its subsidiary Ramkrishna Casting Solutions Limited.
The company operates 20 manufacturing facilities. In India they are in Jharkhand, West Bengal, Haryana and Pune, and it also has a machining plant in Mexico. It has a presence in Europe, North America and Asia, and a wholly-owned subsidiary in the USA. A 51% holding in Ramkrishna Titagarh Rail Wheels Limited is accounted for as a joint arrangement, and that business has not yet started commercial production.
It was incorporated in 1981. The Mexican plant came through an acquisition completed in August 2024. A wholly-owned subsidiary, ACIL Limited, was amalgamated into the company with effect from 9 May 2025. In March 2026 two further subsidiaries, Multitech Auto Private Limited and Mal Metalliks Private Limited, ceased to be subsidiaries after being merged into Ramkrishna Casting Solutions Limited. Riddhi Portfolio Private Limited is a promoter of the company. A promoter is the person or group that set up a company or controls it.
Written from the annual report for the year to Mar 2026, filed 5 Aug 2026 and the investor presentation.
Sources for 27 statements, each with its page
- The company manufactures forged and machined components. Annual report, page 4
- It can manufacture through cold, warm and hot forging and has made a foray into castings. Annual report, page 43
- It runs a ring rolling line. Annual report, page 5
- It runs a press facility. Annual report, page 5
- Customers are OEMs and Tier-1 customers in India and abroad. Annual report, page 43
- Headquartered in Kolkata. Annual report, page 43
- Solutions for commercial vehicles, railways, mining earth moving and farm equipment, industrial components, passenger vehicles, oil and gas. Investor presentation, page 19
- Mining, earth moving and farm equipment is a product segment. Investor presentation, page 12
- Casting capacity sits mainly in Ramkrishna Casting Solutions Limited. Investor presentation, page 11
- Twenty manufacturing facilities. Investor presentation, page 20
- Operations in Jharkhand, Haryana and Pune. Annual report, page 43
- A plant at Howrah, West Bengal. Annual report, page 3
- A machining facility in Mexico. Annual report, page 47
- Presence in Europe, North America and Asia. Annual report, page 44
- Wholly-owned subsidiary in the USA. Annual report, page 5
- Holds 51% in Ramkrishna Titagarh Rail Wheels Limited. Annual report, page 6
- Rail wheels company consolidated as a joint arrangement. Annual report, page 6
- Rail wheels company has not yet started commercial production. Annual report, page 6
- Incorporated in 1981 (CIN year). Annual report, page 3
- The Mexican plant came from an acquisition. Annual report, page 47
- Acquisition completed in August 2024. Annual report, page 47
- Amalgamation of ACIL Limited (wholly-owned subsidiary) into the company. Annual report, page 8
- The amalgamation became effective on 9 May 2025. Annual report, page 8
- Multitech Auto Private Limited was a wholly-owned subsidiary. Annual report, page 7
- Multitech Auto and Mal Metalliks were merged with Ramkrishna Casting Solutions. Annual report, page 7
- Transferor companies ceased to be subsidiaries from 25 March 2026. Annual report, page 7
- Riddhi Portfolio Private Limited is a promoter. Annual report, page 8
Results
Consolidated; ₹ crore.Ramkrishna Forgings quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,217 Crdown 0.01%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹47 Crdown 16.19%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.9%
Revenue by quarter
Peak revenue ₹1,217 Cr, quarter to Mar 2026; lowest ₹908 Cr, quarter to Sep 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 1 of the 8 quarters shown
| ₹ crore | 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 |
| Net profit | 190 | 100 | 200 | 12 | −9 | 14 | 56 | 47 |
| Net margin | – | 9.3% | 21.1% | 1.2% | −1.0% | 1.2% | 4.6% | 3.9% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Sep 2024: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,238 Crup 5.06%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹72 Crdown 82.70%
- Net margin
- 1.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2025, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 888 | 1,509 | 1,931 | 1,216 | 1,289 | 2,320 | 3,193 | 3,955 | 4,034 | 4,238 |
| Net profit | 19 | 95 | 120 | 10 | 21 | 198 | 248 | 341 | 415 | 72 |
| Net margin | 2.2% | 6.3% | 6.2% | 0.8% | 1.6% | 8.5% | 7.8% | 8.6% | – | 1.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Mar 2025: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
Business segments
In the year to Mar 2026 the company reports one business segment, FORGINGS, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Ramkrishna Forgings PE ratio and valuation
Price to earnings
At or below today's level on 92% of 2,038 trading days since Jun 2017.
LowestHighest
Its median32.77Industry median23.18
Price to book
At or below today's level on 66% of 1,865 trading days since Nov 2018.
LowestHighest
Its median3.13Industry median2.61
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 27% of 2,475 trading days over the last 10 years.
LowestHighest
Its median0.21%Industry median0.62%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −39.4% | −82.7% | +248.8% | 0.2% |
| 3 years | +18.0% | −36.5% | +85.4% | 0.3% |
| 5 years | +35.2% | +25.2% | +7.7% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.
Mutual fund holdings
50 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 41 of the 42 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 50 funds holding Ramkrishna Forgings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- AddedAdded. Funds that held more shares than at the end of the month before.
- 12
- CutCut. Funds that held fewer shares than at the end of the month before.
- 30
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 4
| Fund | |||
|---|---|---|---|
 Old Bridge Focused FundOld Bridge Mutual Fund | 28,09,000 | 4.34% | ₹197.3 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 1,59,123 | 0.32% | ₹11.2 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 1,24,863 | 0.32% | ₹8.77 Cr |
 The Wealth Company Flexi Cap FundThe Wealth Company Mutual Fund | 87,000 | 2.56% | ₹6.11 Cr |
 SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | 80,831 | 0.32% | ₹5.68 Cr |
 ITI Bharat Consumption FundITI Mutual Fund | 65,670 | 1.32% | ₹4.61 Cr |
 Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | 57,338 | 0.32% | ₹4.03 Cr |
| ITI Balanced Advantage FundITI Mutual Fund | 48,673 | 1.07% | ₹3.42 Cr |
 ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | 36,244 | 0.32% | ₹2.55 Cr |
| HDFC Nifty Smallcap 250 Index FundHDFC Mutual Fund | 34,759 | 0.32% | ₹2.44 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Ramkrishna Forgings insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 5 off-market moves
- Others: no market trade · 4 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Ramkrishna Forgings competitors and peers
Auto Components & Equipments, 155 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Ramkrishna Forgings in market cap.Automobile companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 SEDEMAC MechatronicsSEDEMAC | 13,769 | – | 30.65 | – | – | – | – | 0.00% |
 Amara Raja Energy & MobilityARE&M | 13,052 | 14.16 | 1.61 | +12.7% | +7.2% | 11.9% | 10.9% | 1.49% |
 Lumax Auto TechnologiesLUMAXTECH | 13,021 | 35.90 | 9.27 | +32.8% | +71.5% | 29.5% | 22.4% | 0.29% |
 Varroc EngineeringVARROC | 12,306 | 62.39 | 6.91 | +14.7% | +47.3% | 11.8% | 20.4% | 0.19% |
 JBM AutoJBMA | 11,443 | 49.71 | 7.06 | +15.9% | +10.5% | 15.2% | 13.0% | 0.18% |
 ASK AutomotiveASKAUTOLTD | 11,337 | 35.83 | 8.65 | +27.9% | +23.2% | 26.9% | 23.0% | 0.32% |
 Banco Products (I)BANCOINDIA | 8,362 | 16.91 | 4.96 | +21.6% | +14.3% | 33.1% | 26.9% | 3.93% |
 Steel Strips WheelsSSWL | 8,318 | 28.31 | 4.19 | +32.8% | +53.7% | 15.9% | 18.0% | 0.28% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Ramkrishna Forgings dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹2.00 a share, years to Mar 2023, Mar 2024 and Mar 2025.
| Ex-date | Type | Per share |
|---|---|---|
| 6 Nov 2026 | Interim | Amount not stated |
| 8 May 2026 | Interim | ₹1.00 |
| 6 Jun 2025 | Interim | ₹1.00 |
| 31 Oct 2024 | Interim | ₹1.00 |
| 10 May 2024 | Interim | ₹1.00 |
| 30 Oct 2023 | Interim | ₹1.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Ramkrishna Forgings announcements
Oct 2026
27 Oct · Corporate action
5 Oct · Analysts
Sep 2026
Ramkrishna Forgings share price by year
Each calendar year to 2025.Ramkrishna Forgings share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 523.15 | −41.5% | 990.40 | 477.95 |
| 2024 | 893.85 | +23.2% | 1,047.90 | 618.75 |
| 2023 | 725.70 | +176.0% | 800.45 | 247.55 |
| 2022 | 262.90 | +38.4% | 273.10 | 147.25 |
| 2021 | 189.94 | +98.2% | 242.23 | 94.69 |
| 2020 | 95.83 | +25.8% | 102.21 | 27.78 |
| 2019 | 76.18 | −29.1% | 108.87 | 53.24 |
| 2018 | 107.52 | −37.5% | 173.56 | 101.88 |
| 2017 | 172.06 | +203.8% | 172.06 | 59.99 |
| 2016 | 56.63 | −46.2% | 104.36 | 54.90 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 590.00 | 607.70 | 571.10 | 604.85 | 594.75 | 8,67,240 | 48.8% |
| 23 Oct 2026 | 612.00 | 614.40 | 585.00 | 591.10 | 591.72 | 5,90,948 | 48.6% |
| 22 Oct 2026 | 630.50 | 632.55 | 608.00 | 614.50 | 619.35 | 4,70,013 | 46.8% |
| 21 Oct 2026 | 680.00 | 681.70 | 628.10 | 635.75 | 646.74 | 10,10,214 | 51.9% |
| 19 Oct 2026 | 691.00 | 700.80 | 678.35 | 685.00 | 691.76 | 3,75,986 | 50.6% |
| 16 Oct 2026 | 679.75 | 694.40 | 675.00 | 691.45 | 687.41 | 4,63,547 | 48.1% |
| 15 Oct 2026 | 692.10 | 693.45 | 675.50 | 678.10 | 683.14 | 3,05,872 | 52.3% |
| 14 Oct 2026 | 695.05 | 703.50 | 686.55 | 696.75 | 696.74 | 3,60,345 | 53.5% |
| 13 Oct 2026 | 694.00 | 703.45 | 683.50 | 698.65 | 691.60 | 3,06,961 | 35.4% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 14 Mar 2022 | Split | 0.2000 | Each share became 5. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- RKFORGE
- BSE code
- 532527
- ISIN
- INE399G01023
- Industry
- Auto Components
- Website
- www.ramkrishnaforgings.com
- CIN
- L74210WB1981PLC034281
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1981
- Registered office
- 23, Circus Avenue, Kolkata 700017, West Bengal
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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