āagman

Not investment advice. Data and computed figures, for information only.

Ramkrishna Forgings Ltd

NSE: RKFORGE
₹678.10
−₹18.65 (−2.68%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹12,720 Cr
CMP
₹678.10
52-wk High / Low
₹773 / 460
P/E
111.0
P/B
3.8
Book Value
₹181.0
Div Yield
0.15%
ROCE
6.0%
ROE
2.5%
Face Value
₹2
D/E
0.74

Price+22.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹127
√(22.5 × EPS × book value per share)
ROIC
4.4%
vs 11.5% sector median
Cash flow to profit
11.67
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+392
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.1%
ROE × earnings retention ratio
ROE stability
6.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −3.51FII −4.45DII +1.40
Latest quarter vs the previous one
Cash-accrual divergence
−11.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+FII holding rose by 2.5pp over the last year
Watch-outs
−Latest ROCE of 6% trails the sector median of 18.5%
−Borrowings are up 177.7% since FY2016 (882 to 2449)
−Promoter holding fell by 6.5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8928999969749591,0541,0749471,0159081,0991,2171,217
Expenses7006997767867918889488498737909361,014999
Operating Profit19220022018816916512698142118162203218
OPM %21.5%22.2%22.1%19.3%17.6%15.7%11.7%10.3%14.0%13.0%14.7%16.7%17.9%
Other Income57419118441146−923
Interest36383934363942494953515757
Depreciation57616872626064858080848899
Profit before tax1041091171008015124−2417−10185965
Net Profit79828766551402120012−10145647
EPS (₹)4.915.004.803.663.037.721.1611.040.65−0.520.753.082.57

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7549089211,4911,9311,2161,2892,3203,1933,7054,0344,2384,440
Expenses6237277581,2021,5451,0081,0651,8022,4992,9313,4743,6113,739
Operating Profit131181163289386209224518694774561627701
OPM %17.4%19.9%17.7%19.4%20.0%17.2%17.4%22.3%21.7%20.9%13.9%14.8%15.8%
Other Income12274365143610922
Interest3255787384808197122147167212219
Depreciation32537585121121117169202257271333353
Profit before tax797517135184153225337440623184131
Net Profit75551195120102119824829141572107
EPS (₹)5.493.810.785.827.360.591.2912.3615.5216.1122.933.955.88

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital272929333333323232363636—
Reserves3834424407268408438511,0461,2902,5983,0013,254—
Borrowings7358829578459129931,2331,6181,3331,2072,1262,449—
Other Liabilities2973324334524173615877851,0761,4221,3641,423—
Total Liabilities1,4421,6851,8582,0562,2012,2302,7033,4813,7315,2626,5287,162—
Fixed Assets5329471,0241,0761,1141,1751,2401,4731,6932,4282,9923,762—
CWIP31635504413021927612991216498337—
Investments0000000550125190241—
Other Assets5947027839369578361,1871,8231,9472,4922,8482,823—
Total Assets1,4421,6851,8582,0562,2012,2302,7033,4813,7315,2626,5287,162—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity441041441272672541404374562133840
Cash from Investing Activity−272−169−107−110−254−231−222−354−299−1,117−912−929
Cash from Financing Activity21467−37−17−12−22147280−438625722235
Net Cash Flow−141−101165−318129−157146

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.010.07.014.016.05.06.015.019.017.07.06.0
ROE %———————————2.5
EPS (₹)5.493.810.785.827.360.591.2912.3615.5216.1122.933.95
Book Value (₹)———————————181.0
Face Value (₹)———————————2
P/E———————————111.0
Div Yield %———————————0.15
NPM %9.86.01.26.46.20.81.68.57.87.810.01.7
OPM %17.020.018.019.020.017.017.022.022.021.014.015.0
D/E1.791.872.041.111.041.131.401.501.010.460.700.74
P/B———————————3.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+27.0%
3 years+10.0%
TTM+9.0%
Compounded profit growth
10 years+4.0%
5 years+30.0%
3 years−32.0%
TTM−60.0%
Stock price CAGR
10 years+26.0%
5 years+23.0%
3 years+1.0%
Last year+24.0%
Return on equity
10 years11.0%
5 years12.0%
3 years10.0%
Last year3.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.41%50.41%50.41%44.38%44.79%44.91%45.90%46.24%46.27%43.17%43.12%43.33%39.82%
FIIs8.80%8.80%8.80%17.74%11.30%12.50%15.55%13.51%14.80%24.54%24.48%21.75%17.30%
DIIs14.21%14.21%14.21%17.51%19.00%13.06%7.94%5.37%4.76%3.69%6.00%4.45%5.85%
Government—————————————
Public26.58%26.58%26.58%20.37%24.76%29.08%30.16%34.69%34.02%28.53%26.27%30.37%36.84%
No. of shareholders8,0048,0048,0048,6999,4268,8099,59143,77260,13783,39698,1421,09,0271,07,490
Change since Jun 2023 (pp)
Promoters −10.59FIIs +8.50DIIs −8.36Public +10.26

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationClosure of Trading WindowGrant Of Esops Under RKF Limited Employee Stock Option Scheme 2023Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 8 May 2026
8 May 2026DIVIDENDInterim Dividend - Re 1 Per Share—
6 Jun 2025DIVIDENDInterim Dividend - Re 1 Per Share—
31 Oct 2024DIVIDENDInterim Dividend - Re 1 Per Share—
10 May 2024DIVIDENDInterim Dividend - Re 1 Per Share—
30 Oct 2023DIVIDENDInterim Dividend - Re 1 Per Share—
9 May 2023DIVIDENDInterim Dividend - Re 0.50 Per Share—
31 Jan 2023DIVIDENDInterim Dividend - Re 0.50 Per Share—
1 Nov 2022DIVIDENDInterim Dividend - Rs 0.50 Per Share—
8 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 0.20 Per Share—
28 Jul 2022DIVIDENDInterim Dividend- Rs 0.50 Per Share—
14 Mar 2022SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
28 Jan 2022DIVIDENDInterim Dividend - Rs 0.50 Per Share—
21 Oct 2021DIVIDEND Interim Dividend - Rs 0.50 Per Sh—
5 Aug 2021DIVIDEND Interim Dividend - Re 0.50 Per Share—
29 Aug 2019DIVIDEND Dividend - Rs 1.50 Per Share—
12 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 1/- Per Share—
7 Sep 2017DIVIDEND Annual General Meeting/Dividend - Re 1/- Per Share—
15 Sep 2016DIVIDEND Dividend - Rs 2/- Per Share—
3 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 2/- Per Share—
5 Jun 2014DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
11 Jul 2013DIVIDENDAnnual General Meeting/Dividend Re 1/- Per Share—
19 Jul 2012DIVIDENDAnnual General Meeting/Dividend Of Rs. 2 Per Share—
20 Jun 2011DIVIDENDAnnual General Meeting / Dividend - Rs.2/- Per Share—
29 Jul 2010DIVIDENDAnnual General Meeting And Dividend Re.1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman