Manufactures forged and cast components for automotive and industrial customers. Forging Components is the dominant stream, accounting for 97.2% of segment revenue, with the residual 2.8% classified as Others (which includes casting). On the automotive side, the order mix is dominated by commercial vehicles, with passenger vehicles (predominantly EV) and two-wheelers growing; in Q1 FY27, of Rs. 278 cr of new auto orders, 82% was passenger vehicle and 18% two-wheeler. Non-auto demand is being built out via a rail wheel joint venture (target supply of 40,000 wheels in FY27 from a plant with full capacity of about 230,000 wheels), metro coach orders (Rs. 15 cr in Q1 FY27), and energy storage, mining, off-highway and railway wins. Q1 FY27 consolidated revenue was Rs. 1,217 cr, up 19.84% YoY, with EBITDA margin of 17.96% versus 17.11% in the prior quarter. Exports are 35% of consolidated revenue in Q1 FY27, led by North America (Class 8 trucks) and Europe. The Q1 FY27 board approved Rs. 170.52 cr of capex for a 4,000-tonne press line and passenger vehicle components, adding 8,800 MT of capacity by September 2027. Raw materials are the biggest cost at 48.4% of revenue, with depreciation at 7.9% and capex at 21.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Forging Components (97%), Others (3%). Cyclical, asset-heavy auto components manufacturer diversifying beyond automotive into rail, energy, aerospace and semiconductors.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,320 | 3,193 | 3,955 | 4,034 | 4,238 |
| EBITDA (ex other income) | 517 | 692 | 839 | 558 | 632 |
| margin % | 22.3 | 21.7 | 21.2 | 13.8 | 14.9 |
| Owners' profit | 198 | 248 | 341 | 415 | 72 |
| EPS, as reported (₹) | 12.43 | 15.52 | 20.27 | 22.95 | 3.97 |
| ROE % · ROCE % | 18.4 · 16.9 | 18.8 · 21.9 | 12.7 · 16.3 | 13.7 · 7.3 | 2.2 · 6.2 |
| Debt / equity (x) | 1.48 | 0.99 | 0.42 | 0.66 | 0.71 |
| Cash from operations | 43 | 745 | 621 | 33 | 840 |
| Capex | (300) | (357) | (589) | (977) | (924) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,054 | 1,074 | 947 | 1,015 | 908 | 1,099 | 1,217 | 1,217 |
| Profit before tax | 136 | 129 | (24) | 17 | (10) | 19 | 64 | 65 |
| Net profit | 190 | 100 | 200 | 12 | (9) | 14 | 56 | 47 |
| EPS (₹) | 10.49 | 5.51 | 11.04 | 0.65 | (0.53) | 0.75 | 3.09 | 2.58 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Ramkrishna Forgings schedules analyst and investor meet on 17 Sept 2026 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · ESG Rating of 60 voluntarily assigned by third party agency | business updates | low | — | — |
| 5 Sept 2026 · ESOP allotment of 1,200 shares to employee under 2023 scheme | capital market events | low | — | — |
| 31 Aug 2026 · 44th AGM: All 7 resolutions passed including MD re-appointment | compliance | minimal | — | — |
| 29 Aug 2026 · RKFORGE 44th AGM: 7 resolutions passed, Naresh Jalan reappointed as MD | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Postal Ballot Notice - Newspaper Publication | compliance | minimal | — | — |
| 20 Aug 2026 · Postal ballot to reclassify MAA Chandi Financial Advisory from promoter to public | ownership changes | high | — | — |
| 19 Aug 2026 · Auditor certifies promoter warrant conversion compliance | compliance | minimal | — | — |
| 13 Aug 2026 · Links provided for 2025-26 annual report and 44th AGM notice | compliance | minimal | — | — |
| 7 Aug 2026 · Ramkrishna Forgings 44th AGM notice and e-voting details published | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 121.4 | 26.7 | 117 of 123 | 5% |
| P/B | 4.0 | 3.5 | 66 of 116 | 44% |
| ROCE | 2.0 | 12.6 | 111 of 125 | 11% |
| ROE | 2.2 | 11.6 | 106 of 119 | 11% |
| Debt / Equity | 0.7 | 0.3 | 96 of 119 | 20% |
| EBITDA margin | 18.2 | 12.2 | 26 of 118 | 79% |
| Revenue growth | 19.8 | 20.2 | 59 of 113 | 48% |
| Profit growth | 297.8 | 24.4 | 6 of 115 | 96% |
| Market cap | 13001 | 1542 | 26 of 125 | 80% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
