- Valuation
- ₹17,620 Cr

About Ramkrishna Forgings
Ramkrishna Forgings is a publicly listed company based in Kolkata (India) founded in 1981. Ramkrishna Forgings is engaged in metal forming and manufacturing. It operates on a Reseller / Distribution and B2B2C model. The company has 2,780 employees. Ramkrishna Forgings has completed 2 acquisitions, including JMT Auto and Multitech Auto. Its Indian entity Ramkrishna Forgings Ltd reported revenue of βΉ4,293 Cr. Ramkrishna Forgings offers products and services including Forgings, Machined Products, and Fabricated Assemblies. Its focus areas include Manufacturing, Metal Forming, Forging and Automotive. Its competitors include Maini Precision Products, Dynamatic Technologies and Bharat Forge.
Company details
Ramkrishna Forgings Limited is involved in the production of forged, machined, and fabricated products. Operations are spread across sectors like Automotive, Railways, Farm Equipment, Earth Moving, Mining Construction, Oil Gas, Power, and General Engineering. Manufacturing facilities are established in multiple locations in India, with a capacity of over 270,000 MTPA. Products are exported to 18 countries, serving diverse industrial needs. The company is recognized as the second largest integrated forging facility in India.
Recognitions & Rankings of Ramkrishna Forgings
- Headquarters Kolkata, India
- Employees 2,780
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website ramkrishnaforgings.com
- Social LinkedIn Facebook
- Legal Name Ramkrishna Forgings Ltd
- Market Cap₹10,969 Cr
RKFORGE · NSE
- Share Price₹587.70
-0.58% today
- Revenue₹4,238 Cr
FY 2025-26 · +5.1% YoY
- EBITDA₹575 Cr
Margin 13.6%
- Net Profit₹79.33 Cr
FY 2025-26 · -80.5% YoY
- P/E (TTM)102.6x
P/B 3.4x
- ROE2.5%
ROCE 5.5%
- Debt / Equity0.72
Interest cover 87.9x
- Latest Funding Round$23.07M (USD), Post-IPO
Oct 2025
- InvestorsInternational Finance Corporation
& 1 more
- Employee Count2,780
- Investments & AcquisitionsJMT Auto
& 1 more
Associated legal entities of Ramkrishna Forgings
Ramkrishna Forgings is associated with 2 registered companies on The Company Check; the primary company is Ramkrishna Forgings Ltd, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ramkrishna Forgings Ltd Listed CIN L74210WB1981PLC034281 | Active | 12 Nov 1981 | Kolkata, West Bengal | ₹4,293 Cr | 2,549 | 12 | View details |
| Ramkrishna Aeronautics Private Limited CIN U62100DL2016PTC361917 | Amalgamated | 20 Jul 2016 | Delhi, Delhi | 2 | View details |
Products & Services of Ramkrishna Forgings
Ramkrishna Forgings offers a comprehensive portfolio of products and services, including Forgings, Machined Products, and Fabricated Assemblies.
Forged components are produced for various industries.
Machined items are crafted for industrial applications.
Fabricated assemblies are supplied to multiple sectors.
Funding Insights of Ramkrishna Forgings
- Total Rounds 3
- Last Round Post-IPO β $23.07M
- First Round $5M
(Dec 2012)
- Investors Count 2
All 3 funding rounds of Ramkrishna Forgings with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $23.07M | Post-IPO | β | β | β |
| Feb 2013 | $9.25M | Post-IPO | β | β | |
| Dec 2012 | $5M | Post-IPO | β | β |
2 investors in total: 2 institutional.
Investors in Ramkrishna Forgings
Ramkrishna Forgings has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include International Finance Corporation and Wayzata Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward the US and India. | wayzatainvestmentpartners.com | Plymouth, United States | ||
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org |
Investor details for Ramkrishna Forgings
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ramkrishna Forgings Ltd (Ramkrishna Forgings)
Ramkrishna Forgings Ltd is the primary company behind Ramkrishna Forgings. The boards of the 2 registered companies of Ramkrishna Forgings currently have 10 directors; the longest-serving is Mahabir Prasad Jalan, appointed in 1981. 25 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahabir Prasad Jalan DIN 00354690 | Director | 12 Nov 1981 | 44 yrs 11 mo | Ramkrishna Forgings Ltd |
| Naresh Jalan DIN 00375462 | Managing Director | 25 Jan 1995 | 31 yrs 8 mo | Ramkrishna Forgings Ltd, Ramkrishna Aeronautics Private Limited |
| Ranaveer Sinha DIN 00103398 | Director | 02 Feb 2019 | 7 yrs 8 mo | Ramkrishna Forgings Ltd |
| Chaitanya Jalan DIN 07540301 | Managing Director | 09 Nov 2019 | 6 yrs 11 mo | Ramkrishna Forgings Ltd, Ramkrishna Aeronautics Private Limited |
| Lalit Kumar Khetan DIN 00533671 | Whole-time director | 20 Oct 2020 | 6 yrs | Ramkrishna Forgings Ltd |
| Sanjay Kothari DIN 00258316 | Director | 03 May 2022 | 4 yrs 5 mo | Ramkrishna Forgings Ltd |
| Rekha Bagry DIN 08620347 | Director | 03 May 2022 | 4 yrs 5 mo | Ramkrishna Forgings Ltd |
| Milesh Gandhi DIN 07436442 | Whole-time director | 21 Jun 2024 | 2 yrs 4 mo | Ramkrishna Forgings Ltd |
| Sucharita Basu De DIN 06921540 | Director | 17 Jan 2025 | 1 yr 9 mo | Ramkrishna Forgings Ltd |
| Chetan Rameshchandra Desai DIN 03595319 | Director | 29 Apr 2026 | 5 mo | Ramkrishna Forgings Ltd |
People of Ramkrishna Forgings
38 people are tracked at Ramkrishna Forgings (13 in leadership, 14 in board & advisors, 11 in team); the tracked headcount is 2,780.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Siddharthaa Chatterjee | Associate Vice President | Leadership |
Kishor Bhosale | Vice President | Leadership |
Rk Singh | General Manager | Leadership |
Manohar Pandey | Head Of Human Resources | Leadership |
Joydip Roy Choudhury | Asst General Manager Marketing | Leadership |
Satyaranjan Khatua | Head - Human Capital | Leadership |
Manu Jha | General Manager | Leadership |
Ravi S Rajhans | Plant Human Resources Head For Plant-6 & 7 | Leadership |
| Whole Time Director | Leadership | |
Navin Sinha | Head ESG & EHS | Leadership |
K C Nagar | General Manager | Leadership |
Ashad Biswas | General Manager | Leadership |
| Director | Board & advisors | |
Yudhisthir Lal Madan | Director | Board & advisors |
| Director | Board & advisors | |
Partha S Bhattacharyya | Board Member | Board & advisors |
| Director | Board & advisors | |
| Director | Board & advisors | |
Padam Kumar Khaitan | Director | Board & advisors |
18 more people are available in the full profile.
Complete people profiles for Ramkrishna Forgings
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Ramkrishna Forgings
Ramkrishna Forgings is a publicly listed company on the NSE with ticker symbol RKFORGE in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 May 2004
- Listed onBSE: 532527 · NSE: RKFORGE
- Listed entityRamkrishna Forgings Ltd
- Exchange sectorProducer manufacturing
- ISININE399G01023
- Share price₹700.20 (+0.22% on the day) · 2026-10-14
- Market capitalisation₹12,697 Cr
- Price to earnings120.2
- EPS (diluted, trailing year)₹5.83
- Dividend yield0.14%
- Volume (last session)180,750
Financials of Ramkrishna Forgings
Exchange-reported figures of Ramkrishna Forgings Ltd, the listed company behind Ramkrishna Forgings (NSE: RKFORGE).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,238 | 4,034 | 3,705 | 3,193 | 2,320 | 1,289 | 1,216 |
| Revenue growth | +5.1% | +8.9% | +16.0% | +37.6% | +80.0% | +6.0% | - |
| EBITDA | 575 | 560 | 774 | 694 | 518 | 223 | 208 |
| EBITDA margin | +13.6% | +13.9% | +20.9% | +21.7% | +22.3% | +17.3% | +17.1% |
| Profit before tax | 84.01 | 231 | 406 | 374 | 253 | 31.74 | 14.80 |
| Net profit | 79.33 | 407 | 291 | 248 | 198 | 21.19 | 9.96 |
| Net profit margin | +1.9% | +10.1% | +7.9% | +7.8% | +8.5% | +1.6% | +0.8% |
| EPS (βΉ) | 3.96 | 22.93 | 16.11 | 15.52 | 12.39 | 6.47 | 2.97 |
| Balance sheet | |||||||
| Total assets | 5,786 | 5,207 | 3,888 | 2,700 | 2,713 | 2,133 | 1,886 |
| Net worth | 3,290 | 3,037 | 2,634 | 1,322 | 1,078 | 883 | 876 |
| Total debt | 2,449 | 2,126 | 1,207 | 1,333 | 1,618 | 1,233 | 993 |
| Cash & bank | 163 | 20.18 | 177 | 47.30 | 38.42 | 68.46 | 3.29 |
| Net working capital | 1,070 | 1,181 | 1,082 | 935 | 1,055 | 648 | 508 |
| Cash flow | |||||||
| Cash from operations | 840 | 32.55 | 621 | 745 | 43.06 | 140 | 254 |
| Cash from investing | (929) | (912) | (1,117) | (299) | (354) | (222) | (231) |
| Cash from financing | 235 | 722 | 625 | (438) | 280 | 147 | (22.40) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,217 | 1,217 | 1,099 | 908 | 1,015 | 947 | 1,074 | 1,054 |
| Revenue growth (YoY) | +19.8% | +28.5% | +2.3% | -13.9% | +5.8% | - | - | - |
| Other income | 3.44 | 1.90 | 1.83 | 5.75 | 3.63 | 11.46 | 3.64 | 84.10 |
| EBITDA | 218 | 203 | 152 | 118 | 142 | 98.23 | 126 | 165 |
| EBITDA margin | +17.9% | +16.7% | +13.8% | +13.0% | +14.0% | +10.4% | +11.8% | +15.7% |
| Depreciation | 99.44 | 88.44 | 84.40 | 80.38 | 79.67 | 84.70 | 63.85 | 60.36 |
| Interest | 57.13 | 57.32 | 51.10 | 53.34 | 48.59 | 48.64 | 42.18 | 38.54 |
| Profit before tax | 64.73 | 58.86 | 18.12 | (10.27) | 17.32 | (23.65) | 23.85 | 151 |
| Tax | 17.85 | 2.92 | 4.54 | (0.77) | 5.53 | (223) | 2.95 | 10.96 |
| Net profit | 46.88 | 55.94 | 13.58 | (9.50) | 11.79 | 200 | 20.90 | 140 |
| EPS (βΉ) | 2.53 | 3.07 | 0.75 | (0.52) | 0.65 | 11.04 | 1.16 | 7.71 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,755 | 3,634 | 3,499 | 3,001 | 2,285 | 1,288 | 1,112 |
| Revenue growth | +3.3% | +3.9% | +16.6% | +31.3% | +77.4% | +15.9% | - |
| EBITDA | 517 | 491 | 744 | 669 | 528 | 230 | 204 |
| EBITDA margin | +13.8% | +13.5% | +21.3% | +22.3% | +23.1% | +17.9% | +18.4% |
| Profit before tax | 117 | 224 | 385 | 356 | 266 | 41.49 | 14.41 |
| Net profit | 92.48 | 293 | 274 | 235 | 206 | 28.50 | 9.82 |
| Net profit margin | +2.5% | +8.1% | +7.8% | +7.8% | +9.0% | +2.2% | +0.9% |
| EPS (βΉ) | 4.77 | 22.20 | 15.16 | 14.73 | 12.92 | 8.75 | 2.95 |
| Balance sheet | |||||||
| Total assets | 5,149 | 4,708 | 3,640 | 2,636 | 2,714 | 2,116 | 1,848 |
| Net worth | 3,275 | 3,010 | 2,620 | 1,325 | 1,094 | 890 | 876 |
| Total debt | 1,828 | 1,656 | 977 | 1,267 | 1,604 | 1,209 | 955 |
| Cash & bank | 129 | 14.00 | 165 | 42.47 | 32.37 | 66.80 | 2.33 |
| Net working capital | 1,005 | 1,057 | 956 | 868 | 1,057 | 626 | 463 |
| Cash flow | |||||||
| Cash from operations | 678 | 101 | 624 | 778 | 39.08 | 126 | 251 |
| Cash from investing | (702) | (755) | (1,016) | (297) | (353) | (226) | (225) |
| Cash from financing | 141 | 502 | 514 | (471) | 279 | 164 | (25.90) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,097 | 1,078 | 940 | 801 | 937 | 810 | 968 | 971 |
| Revenue growth (YoY) | +17.1% | +33.1% | -2.9% | -17.5% | +5.7% | - | - | - |
| Other income | 4.46 | 3.40 | 3.01 | 8.14 | 4.41 | 10.05 | 2.83 | 103 |
| Total expenses | 904 | 893 | 810 | 693 | 802 | 720 | 859 | 827 |
| EBITDA | 193 | 185 | 129 | 108 | 135 | 89.36 | 108 | 144 |
| EBITDA margin | +17.6% | +17.1% | +13.8% | +13.5% | +14.4% | +11.0% | +11.2% | +14.8% |
| Depreciation | 79.58 | 72.21 | 71.97 | 70.26 | 68.48 | 74.00 | 56.26 | 54.03 |
| Interest | 46.68 | 47.27 | 42.19 | 45.27 | 41.32 | 43.07 | 37.39 | 34.10 |
| Profit before tax | 71.47 | 68.73 | 18.13 | 0.50 | 29.38 | (17.66) | 17.36 | 159 |
| Tax | 19.29 | 17.22 | 5.00 | 0.12 | 7.87 | (226) | 2.11 | 22.55 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,217 | 1,217 | 1,099 | 908 | 1,015 | 947 | 1,074 | 1,054 |
| Revenue growth (YoY) | +19.8% | +28.5% | +2.3% | -13.9% | +5.8% | - | - | - |
| Other income | 3.44 | 1.90 | 1.83 | 5.75 | 3.63 | 11.46 | 3.64 | 84.10 |
| EBITDA | 218 | 203 | 152 | 118 | 142 | 98.23 | 126 | 165 |
| EBITDA margin | +17.9% | +16.7% | +13.8% | +13.0% | +14.0% | +10.4% | +11.8% | +15.7% |
| Depreciation | 99.44 | 88.44 | 84.40 | 80.38 | 79.67 | 84.70 | 63.85 | 60.36 |
| Interest | 57.13 | 57.32 | 51.10 | 53.34 | 48.59 | 48.64 | 42.18 | 38.54 |
| Profit before tax | 64.73 | 58.86 | 18.12 | (10.27) | 17.32 | (23.65) | 23.85 | 151 |
| Tax | 17.85 | 2.92 | 4.54 | (0.77) | 5.53 | (223) | 2.95 | 10.96 |
| Net profit | 46.88 | 55.94 | 13.58 | (9.50) | 11.79 | 200 | 20.90 | 140 |
| EPS (βΉ) | 2.53 | 3.07 | 0.75 | (0.52) | 0.65 | 11.04 | 1.16 | 7.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,238 | 4,034 | 3,705 | 3,193 | 2,320 | 1,289 | 1,216 |
| Revenue growth | +5.1% | +8.9% | +16.0% | +37.6% | +80.0% | +6.0% | - |
| Other income | 54.88 | 110 | 36.41 | 3.96 | 1.46 | 5.59 | 6.80 |
| Total expenses | 3,664 | 3,474 | 2,931 | 2,499 | 1,802 | 1,065 | 1,008 |
| Employee cost | 259 | 250 | 188 | 158 | 127 | 96.01 | 103 |
| EBITDA | 575 | 560 | 774 | 694 | 518 | 223 | 208 |
| EBITDA margin | +13.6% | +13.9% | +20.9% | +21.7% | +22.3% | +17.3% | +17.1% |
| Depreciation | 333 | 271 | 257 | 202 | 169 | 117 | 121 |
| Interest | 212 | 167 | 147 | 122 | 97.18 | 80.64 | 79.80 |
| Profit before tax | 84.01 | 231 | 406 | 374 | 253 | 31.74 | 14.80 |
| Tax | 12.21 | (184) | 115 | 126 | 55.17 | 11.07 | 5.10 |
| Net profit | 79.33 | 407 | 291 | 248 | 198 | 21.19 | 9.96 |
| Net profit margin | +1.9% | +10.1% | +7.9% | +7.8% | +8.5% | +1.6% | +0.8% |
| EPS (βΉ) | 3.96 | 22.93 | 16.11 | 15.52 | 12.39 | 6.47 | 2.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 36.29 | 36.21 | 36.16 | 31.98 | 31.98 | 31.93 | 32.61 |
| Reserves & surplus | 3,187 | 3,001 | 2,598 | 1,266 | 1,046 | 851 | 843 |
| Shareholders' funds (net worth) | 3,290 | 3,037 | 2,634 | 1,322 | 1,078 | 883 | 876 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,901 | 1,766 | 1,100 | 1,296 | 1,478 | 1,154 | 978 |
| Unsecured loans | 547 | 361 | 107 | 37.14 | 140 | 79.09 | 15.20 |
| Total debt | 2,449 | 2,126 | 1,207 | 1,333 | 1,618 | 1,233 | 993 |
| Total liabilities | 5,786 | 5,207 | 3,888 | 2,700 | 2,713 | 2,133 | 1,886 |
| Assets | |||||||
| Gross block | 5,433 | 4,346 | 3,523 | 2,568 | 2,151 | 1,753 | 1,572 |
| Net block | 3,762 | 2,992 | 2,428 | 1,693 | 1,473 | 1,240 | 1,175 |
| Capital work in progress | 337 | 498 | 216 | 90.67 | 129 | 276 | 219 |
| Investments | 241 | 190 | 125 | 0.11 | 55.11 | 0.11 | 0.11 |
| Inventories | 1,249 | 1,258 | 1,055 | 908 | 710 | 439 | 360 |
| Sundry debtors | 795 | 975 | 850 | 775 | 891 | 573 | 343 |
| Cash & bank balances | 163 | 20.18 | 177 | 47.30 | 38.42 | 68.46 | 3.29 |
| Loans & advances | 240 | 249 | 195 | 121 | 113 | 74.22 | 87.11 |
| Total current assets | 2,447 | 2,502 | 2,276 | 1,851 | 1,752 | 1,155 | 793 |
| Total current liabilities | 1,377 | 1,321 | 1,194 | 916 | 697 | 507 | 285 |
| Net working capital | 1,070 | 1,181 | 1,082 | 935 | 1,055 | 648 | 508 |
| Total assets | 5,786 | 5,207 | 3,888 | 2,700 | 2,713 | 2,133 | 1,886 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 16.03 | 173 | 44.53 | 36.17 | 67.35 | 2.65 | 2.11 |
| Net cash from operating activities | 840 | 32.55 | 621 | 745 | 43.06 | 140 | 254 |
| Net cash from investing activities | (929) | (912) | (1,117) | (299) | (354) | (222) | (231) |
| Net cash from financing activities | 235 | 722 | 625 | (438) | 280 | 147 | (22.40) |
| Net change in cash | 146 | (157) | 129 | 8.35 | (31.17) | 64.70 | 0.54 |
| Closing cash | 163 | 20.18 | 177 | 47.30 | 38.42 | 68.46 | 3.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.1% | +8.9% | +16.0% | +37.6% | +80.0% | +6.0% | - |
| EBITDA growth | +2.6% | -27.6% | +11.5% | +33.9% | +131.9% | +7.3% | - |
| PBT growth | -63.7% | -43.0% | +8.4% | +47.9% | +697.8% | +114.5% | -91.9% |
| Net income growth | -80.5% | +40.2% | +17.3% | +25.2% | +834.5% | +112.8% | - |
| Revenue CAGR (3Y) | +9.9% | +20.3% | +42.2% | +37.9% | +6.3% | -4.7% | +9.7% |
| EBITDA CAGR (3Y) | -6.1% | +2.6% | +51.3% | +49.3% | +10.4% | -8.2% | +8.6% |
| Profitability & leverage | |||||||
| Net income margin | +1.7% | +10.3% | +7.9% | +7.8% | +8.5% | +1.6% | +0.8% |
| Return on capital employed | +5.6% | +6.8% | +16.8% | +18.3% | +14.5% | +5.6% | +5.1% |
| Return on net worth | +2.5% | +14.4% | +14.7% | +20.7% | +20.2% | +2.4% | +1.1% |
| Debt / equity | 0.72 | 0.59 | 0.64 | 1.23 | 1.45 | 1.27 | 1.09 |
| Long-term debt / equity | 0.45 | 0.35 | 0.41 | 0.70 | 0.80 | 0.66 | 0.54 |
| Interest cover | 87.94 | 57.99 | 28.46 | 24.73 | 27.85 | 75.51 | 90.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.87 | 1.03 | 1.22 | 1.35 | 1.19 | 0.78 | 0.82 |
| Inventory turnover | 3.38 | 3.49 | 3.78 | 3.95 | 4.04 | 3.23 | 3.52 |
| Debtors turnover | 4.79 | 4.42 | 4.56 | 3.83 | 3.17 | 2.82 | 2.85 |
| EPS (βΉ) | 3.96 | 22.93 | 16.11 | 15.52 | 12.39 | 6.47 | 2.97 |
| Dividend per share (βΉ) | 1.00 | 2.00 | 2.00 | 2.00 | 1.70 | 0.00 | 0.00 |
| Book value per share (βΉ) | 177.62 | 167.78 | 145.70 | 81.19 | 67.45 | 276.39 | 268.65 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,097 | 1,078 | 940 | 801 | 937 | 810 | 968 | 971 |
| Revenue growth (YoY) | +17.1% | +33.1% | -2.9% | -17.5% | +5.7% | - | - | - |
| Other income | 4.46 | 3.40 | 3.01 | 8.14 | 4.41 | 10.05 | 2.83 | 103 |
| Total expenses | 904 | 893 | 810 | 693 | 802 | 720 | 859 | 827 |
| EBITDA | 193 | 185 | 129 | 108 | 135 | 89.36 | 108 | 144 |
| EBITDA margin | +17.6% | +17.1% | +13.8% | +13.5% | +14.4% | +11.0% | +11.2% | +14.8% |
| Depreciation | 79.58 | 72.21 | 71.97 | 70.26 | 68.48 | 74.00 | 56.26 | 54.03 |
| Interest | 46.68 | 47.27 | 42.19 | 45.27 | 41.32 | 43.07 | 37.39 | 34.10 |
| Profit before tax | 71.47 | 68.73 | 18.13 | 0.50 | 29.38 | (17.66) | 17.36 | 159 |
| Tax | 19.29 | 17.22 | 5.00 | 0.12 | 7.87 | (226) | 2.11 | 22.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,755 | 3,634 | 3,499 | 3,001 | 2,285 | 1,288 | 1,112 |
| Revenue growth | +3.3% | +3.9% | +16.6% | +31.3% | +77.4% | +15.9% | - |
| Other income | 60.73 | 122 | 23.54 | 3.77 | 1.61 | 4.61 | 6.02 |
| Total expenses | 3,238 | 3,144 | 2,755 | 2,332 | 1,758 | 1,058 | 907 |
| Employee cost | 218 | 219 | 176 | 144 | 120 | 90.37 | 94.24 |
| EBITDA | 517 | 491 | 744 | 669 | 528 | 230 | 204 |
| EBITDA margin | +13.8% | +13.5% | +21.3% | +22.3% | +23.1% | +17.9% | +18.4% |
| Depreciation | 283 | 241 | 245 | 201 | 169 | 116 | 120 |
| Interest | 178 | 148 | 138 | 116 | 94.21 | 77.34 | 75.89 |
| Profit before tax | 117 | 224 | 385 | 356 | 266 | 41.49 | 14.41 |
| Tax | 30.20 | (178) | 110 | 120 | 59.67 | 13.52 | 4.80 |
| Net profit | 92.48 | 293 | 274 | 235 | 206 | 28.50 | 9.82 |
| Net profit margin | +2.5% | +8.1% | +7.8% | +7.8% | +9.0% | +2.2% | +0.9% |
| EPS (βΉ) | 4.77 | 22.20 | 15.16 | 14.73 | 12.92 | 8.75 | 2.95 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 36.29 | 36.21 | 36.16 | 31.98 | 31.98 | 31.93 | 32.61 |
| Reserves & surplus | 3,171 | 2,974 | 2,584 | 1,269 | 1,062 | 858 | 844 |
| Shareholders' funds (net worth) | 3,275 | 3,010 | 2,620 | 1,325 | 1,094 | 890 | 876 |
| Secured loans | 1,392 | 1,360 | 876 | 1,230 | 1,465 | 1,130 | 944 |
| Unsecured loans | 436 | 296 | 101 | 37.24 | 140 | 78.91 | 10.88 |
| Total debt | 1,828 | 1,656 | 977 | 1,267 | 1,604 | 1,209 | 955 |
| Total liabilities | 5,149 | 4,708 | 3,640 | 2,636 | 2,714 | 2,116 | 1,848 |
| Assets | |||||||
| Gross block | 4,564 | 3,772 | 3,158 | 2,559 | 2,142 | 1,744 | 1,564 |
| Net block | 2,973 | 2,447 | 2,065 | 1,685 | 1,466 | 1,233 | 1,167 |
| Capital work in progress | 188 | 350 | 175 | 85.08 | 125 | 272 | 216 |
| Investments | 562 | 461 | 373 | 19.39 | 74.38 | 19.38 | 19.30 |
| Inventories | 1,082 | 1,089 | 964 | 870 | 683 | 431 | 358 |
| Sundry debtors | 867 | 944 | 764 | 725 | 878 | 560 | 303 |
| Cash & bank balances | 129 | 14.00 | 165 | 42.47 | 32.37 | 66.80 | 2.33 |
| Loans & advances | 158 | 168 | 142 | 109 | 107 | 66.72 | 70.49 |
| Total current assets | 2,236 | 2,215 | 2,035 | 1,747 | 1,700 | 1,124 | 734 |
| Total current liabilities | 1,231 | 1,158 | 1,079 | 879 | 643 | 498 | 271 |
| Net working capital | 1,005 | 1,057 | 956 | 868 | 1,057 | 626 | 463 |
| Total assets | 5,149 | 4,708 | 3,640 | 2,636 | 2,714 | 2,116 | 1,848 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 11.58 | 163 | 40.94 | 31.02 | 66.59 | 2.26 | 1.94 |
| Net cash from operating activities | 678 | 101 | 624 | 778 | 39.08 | 126 | 251 |
| Net cash from investing activities | (702) | (755) | (1,016) | (297) | (353) | (226) | (225) |
| Net cash from financing activities | 141 | 502 | 514 | (471) | 279 | 164 | (25.90) |
| Net change in cash | 117 | (152) | 122 | 9.92 | (35.56) | 64.32 | 0.33 |
| Closing cash | 129 | 14.00 | 165 | 42.47 | 32.37 | 66.80 | 2.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.3% | +3.9% | +16.6% | +31.3% | +77.4% | +15.9% | - |
| EBITDA growth | +5.3% | -34.1% | +11.2% | +26.8% | +129.0% | +12.8% | - |
| PBT growth | -47.8% | -41.9% | +8.1% | +33.6% | +541.6% | +187.9% | -92.1% |
| Net income growth | -68.4% | +6.7% | +16.6% | +14.0% | +624.5% | +190.2% | - |
| Revenue CAGR (3Y) | +7.8% | +16.7% | +39.5% | +39.2% | +8.2% | -3.5% | +8.1% |
| EBITDA CAGR (3Y) | -8.3% | -2.4% | +47.8% | +48.5% | +11.6% | -6.8% | +8.9% |
| Profitability & leverage | |||||||
| Net income margin | +2.3% | +11.1% | +7.8% | +7.9% | +9.0% | +2.2% | +0.9% |
| Return on capital employed | +6.0% | +6.5% | +16.7% | +17.6% | +14.9% | +6.0% | +5.0% |
| Return on net worth | +2.8% | +10.4% | +13.9% | +19.5% | +20.8% | +3.2% | +1.1% |
| Debt / equity | 0.55 | 0.47 | 0.57 | 1.19 | 1.42 | 1.23 | 1.05 |
| Long-term debt / equity | 0.32 | 0.27 | 0.37 | 0.68 | 0.78 | 0.65 | 0.54 |
| Interest cover | 76.04 | 59.19 | 27.72 | 24.79 | 26.26 | 67.71 | 90.05 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.90 | 1.05 | 1.22 | 1.28 | 1.18 | 0.78 | 0.75 |
| Inventory turnover | 3.46 | 3.54 | 3.82 | 3.87 | 4.10 | 3.27 | 3.22 |
| Debtors turnover | 4.15 | 4.25 | 4.70 | 3.74 | 3.18 | 2.99 | 2.89 |
| EPS (βΉ) | 4.77 | 22.20 | 15.16 | 14.73 | 12.92 | 8.75 | 2.95 |
| Dividend per share (βΉ) | 1.00 | 2.00 | 2.00 | 2.00 | 1.70 | 0.00 | 0.00 |
| Book value per share (βΉ) | 176.76 | 166.28 | 144.94 | 81.39 | 68.43 | 278.70 | 268.78 |
Investments & Acquisitions by Ramkrishna Forgings
Ramkrishna Forgings has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include JMT Auto and Multitech Auto.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Engine, axle, and gear components for automobiles are manufactured. | jmtauto.com | Jamshedpur, India | 1987 | Dec 2023 | β’β’β’β’ | |
Manufacturer and supplier of transmission components to OEMs and tier 1 | malauto.com | Jamshedpur, India | 1994 | Jul 2023 | β’β’β’β’ |
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Timeline of Ramkrishna Forgings
6 dated milestones of Ramkrishna Forgings across 44 years, from founding to its latest funding, stage changes and deals.
- Founded Ramkrishna Forgings is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $5.0M.
- Acquisition Acquires Multitech Auto.
- Acquisition Acquires JMT Auto.
- Funding Latest funding round, Post-IPO, of $23.1M.
Competitors of Ramkrishna Forgings
Ramkrishna Forgings has 3 listed competitors in our database. They include Maini Precision Products, Dynamatic Technologies and Bharat Forge.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mainiprecisionproducts.com | 1973 | Bengaluru, India | 1,445 | Manufacturer & supplier of precision products and assemblies | ||
| dynamatics.com | 1973 | Bengaluru, India | 833 | Products for automotive, aeronautic, hydraulic, and security sectors are manufactured. | ||
| bharatforge.com | 1961 | Pune, India | 4,132 | Technology-enabled automotive tools, forging, and machining materials are manufactured. |
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Web traffic of Ramkrishna Forgings
The website of Ramkrishna Forgings (ramkrishnaforgings.com) receives about 7.9K visits a month.
- Monthly visits7.9K
▼ 14.9% vs previous month
Websites whose visitors overlap most with Ramkrishna Forgings. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kiswok.com | 100% | #2,864,687 | View details | ||
| forging.org | 91% | #2,581,439 | View details | ||
| alcircle.com | 86% | 124.6K | #356,017 | View details | |
| crescentfoundry.com | 77% | 8.7K | #2,656,392 | View details | |
nifl.com | nifl.com | 73% | #10,923,023 | β | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
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Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Ramkrishna Forgings (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Frequently Asked Questions about Ramkrishna Forgings
Ramkrishna Forgings was founded in 1981 and raised its 1st funding round 31 years after it was founded.
Ramkrishna Forgings is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Ramkrishna Forgings has 2,780 employees.
The primary company behind Ramkrishna Forgings, Ramkrishna Forgings Ltd, reported revenue of βΉ4,293 Cr for FY 2026, up 5% year on year.
Ramkrishna Forgings Limited is involved in the production of forged, machined, and fabricated products. Operations are spread across sectors like Automotive, Railways, Farm Equipment, Earth Moving, Mining Construction, Oil Gas, Power, and General Engineering. Manufacturing facilities are established in multiple locations in India, with a capacity of over 270,000 MTPA. Products are exported to 18 countries, serving diverse industrial needs. The company is recognized as the second largest integrated forging facility in India.
Ramkrishna Forgings's top competitors include Bharat Forge, Maini Precision Products and Dynamatic Technologies.
Ramkrishna Forgings offers Forgings, Machined Products, and Fabricated Assemblies.
Yes, Ramkrishna Forgings is publicly traded on NSE under the ticker symbol RKFORGE.
Ramkrishna Forgings has made 2 acquisitions, including JMT Auto, and Multitech Auto.
Ramkrishna Forgings has 2 investors. Key investors include International Finance Corporation, and Wayzata Investment Partners.
Ramkrishna Forgings is associated with 2 legal entities: Ramkrishna Forgings Ltd, Ramkrishna Aeronautics Private Limited.
The legal entities of Ramkrishna Forgings currently have 11 directors, including Mahabir Prasad Jalan, Naresh Jalan, Chaitanya Jalan and others.
