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On 6 Nov 2026, Ramkrishna Forgings was priced at ₹693.85, or 68.4× trailing earnings, against an industry P/E of 25.1×, and the shares are 10% below their 52-week high. It earns ROCE of 4.7% and ROE of 5.6%, and sales grew 10% a year over 3 years while net profit fell 34%. Its dividend yield is 0.6%, and debt is 0.64× equity. It is a small-cap company with a market cap of ₹13,087 Cr, ranked 6th of 71 Metal Fabrication companies by market cap; the shares rose 36% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹710.00
Day high
₹713.90
Day low
₹686.45
Prev. close
₹724.65
Volume
9.8 L

Health check

2 fair · 4 to check
  • ReturnsIn line

    +35.6% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 68.4 vs industry 25.1.

  • GrowthSlow

    Sales +10.5%, profit −33.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 4.7% vs peer median 15.6%.

  • Balance sheetFair

    Debt 0.64× equity, interest covered 1.6×, Piotroski 4 of 9.

  • Red flags2 to check

    Return on equity is low at 5.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Metal Fabrication

70 listed peers. Screen the industry

Small cap

₹13,087 Cr, #6 of 71 in its industry by size.

Defensive

Beta 0.44 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹4,937 Cr · profit ₹187 Cr
Market cap
₹13,087 Cr
Small cap
P/E
68.4
Industry 25.1
Price to book
3.51
Peers 7.00
Dividend yield
0.58%
ROE
5.6%
Peers 8.6%
ROCE
4.7%
Peers 15.6%
Debt to equity
0.64
Debt ₹2,299 Cr
EPS (TTM)
₹10.15
Face value ₹2
OPM (TTM)
17.1%
Net margin 3.8%
Sales growth
+54.9%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
2.65
EV/EBITDA 17.6

Strengths and risks

Strengths

  • Quarterly sales up 54.9% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 5.6%.
  • P/E of 68.4 against an industry P/E of 25.1.

Derived automatically from reported figures. Not a recommendation.

About Ramkrishna Forgings

Ramkrishna Forgings Limited engages in the manufacture and sale of forged components for automobiles, railway wagons and coaches, and engineering parts in India and internationally. The company's products portfolio includes beam, knuckle, steering arm, tie-rod-arm, sector shaft, front hub, crankshaft, camshaft, connecting rod, piston, pitman arm, BC lever assembly, mounting bracket, yoke, UJ cross, wheel coupling, transmission gear and shaft, crown wheel,…

Headquarters
Kolkata
Employees
3,180
Sector
Industrials
ISIN
INE399G01023
Website
ramkrishnaforgings.com

Price range

52 weeks

₹460.15₹772.80

Today

₹686.45₹713.90
Avg volume (3M)
8.8 L
1-year return
plus 35.6%
From 52-week high
minus 10.2%

Analyst consensus

5 analysts
HoldMean target ₹697.00 plus 0.5%

Target range, with today’s price

Low ₹550.00High ₹872.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Metal Fabrication

Compare with peersScreen the whole industry
Company
BHARATFORGBharat Forge1,740.00minus 0.74%85,029121.87.2315.6%6.7%14.7%9.7%26.9%0.49%plus 32.3%
INDOMIMINDO-MIM1,219.50minus 3.93%60,302101.120.9422.8%21.3%28.6%15.8%4.9%0.00%plus 64.4%
PTCILPTC Industries24,335.00plus 0.04%38,564290.623.737.9%8.6%24.6%40.7%57.8%0.00%plus 41.4%
ZETWERKZetwerk Manufacturing Businesses164.89minus 1.10%27,937–−2.47−13.0%−36.0%0.1%56.9%–0.00%plus 19.3%
HAPPYFORGEHappy Forgings1,694.50minus 10.00%15,99649.07.0018.9%15.2%30.6%9.8%13.1%0.24%plus 85.8%
RKFORGERamkrishna Forgings693.85minus 4.25%13,08768.43.514.7%5.6%17.1%10.5%−33.9%0.58%plus 35.6%
GRAVITAGravita India1,493.90minus 0.07%10,88327.34.1118.1%16.2%9.3%14.9%23.5%0.52%minus 15.4%
RHIMRHI MAGNESITA INDIA LTD.359.80minus 0.21%7,430–2.09−7.2%−10.1%11.7%13.9%–0.69%minus 24.4%
Median of 7 peers–−0.74%27,937101.17.0015.6%8.6%14.7%14.9%23.5%0.24%32.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
9081,0991,2171,2171,405
7859351,0099981,149
123163208218256
13.5%14.9%17.1%18.0%18.2%
0.90.7−3.32.83.5
53.351.157.357.161.6
80.484.488.499.4103
–−10.4−0.3––
−10.318.158.964.795.5
7.5%25.1%5.0%27.6%26.1%
−9.513.655.946.970.6
-0.530.753.072.533.80

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+10.5%
Profit CAGR 3Y
−33.9%
EPS CAGR 3Y
−36.5%
ROE
5.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,8593,3393,6293,854
–+16.8%+8.7%+6.2%
2,2142,5943,1033,234
646745526619
22.6%22.3%14.5%16.1%
16.2−0.4−9−41.7
86.496.4106152
202257271333
0.56.28−8.6
37439814884
33.7%28.8%−124.5%14.5%
24829141571.8
–+17.4%+42.5%minus 82.7%
15.4317.1422.953.95

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3236.236.236.3
1,2902,5983,0013,254
1,3331,2072,1262,449
1,0751,4171,3931,439
3,7305,2586,5577,178
1,8182,6383,4533,999
132337583357
2.823.812.423
52.522847.5167
1,7252,0312,4612,631
3,7305,2586,5577,178

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
74562132.5840
−299−1,117−912−929
−438625722235
8.4129−157146
−357−589−977−925
38932.3−944−85.3
−27.2−24.4−36.2−18.1

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 13.0% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you