Krishanveer Forge Limited

BSE: 513369
Krishanveer Forge Limited - engineering in Pune, Maharashtra, India. FY 2026 financials & compliance.
CIN L28910PN1990PLC056985 Incorporated 22 June 1990 ROC Pune HQ Pune, Maharashtra, India
Active Listed - BSE: 513369 Public Limited Company engineering
Data last updated
Market Cap
₹148 Cr
KVFORGE · BSE
Share Price
₹135.50
-3.97% today
Revenue
₹89.30 Cr
FY 2025-26 · +4.7% YoY
EBITDA
₹11.37 Cr
Margin 12.7%
Net Profit
₹7.98 Cr
FY 2025-26 · +41.0% YoY
P/E (TTM)
17.1x
P/B 3.0x
ROE
16.9%
ROCE 26.1%
Debt / Equity
-0.06
Interest cover 0.2x

About Krishanveer Forge Limited

Data last updated:

Krishanveer Forge Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Western India Forgings Pvt Ltd. It specialises in metal foundry and fabrication services, a part of the broader engineering sector. Incorporated on 22 June 1990, the company has been in operation for over 36 years.

Registered with ROC Pune under CIN L28910PN1990PLC056985. Listed on BSE: 513369.

Capital: an authorised share capital of ₹13.25 Cr and a paid-up capital of ₹10.94 Cr. Formerly known as Rajkumar Forge Private Limited. It is led by directors including Sudha Santhanam and Arun Krishankumar Jindal.

Last AGM: 19 September 2025. Financial statements filed for year ended 31 March 2025. Office: Pune, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹89.3 Cr, a growth of 7.85% compared to the previous year. The net worth stands at ₹51.44 Cr (up 19.91% YoY). Total assets are valued at ₹50.95 Cr (up 27.63% YoY).

The company has a workforce of approximately 66 employees as per the latest available data. It operates as a subsidiary of Western India Forgings Pvt Ltd.

The company is associated with 2 brands - Rajkumar Forge, Krishanveer Forge. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹71.56 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rkforge.in.

Company Details of Krishanveer Forge Limited
CIN L28910PN1990PLC056985
Registration Number 056985
Incorporation Date 22 June 1990
ROC Pune
Listing Status Listed (BSE: 513369)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Western India Forgings Pvt Ltd
Compliance Status Active Compliant
Key People
Nitin Shyam Rajore Whole-Time Director Sudha Santhanam Director Arun Krishankumar Jindal Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    rkforge.in
  • Social Media
  • Registered Address
    Office No. 511 To 513 Global Square S. No. – 247 14B Yerawa, Da, Pune, Maharashtra, India – 411006
  • Industry
    Engineering, Metal Foundry & Fabrication Services
Company report
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Financials, compliance, directors, charges, ownership and filings for Krishanveer Forge Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Krishanveer Forge

Krishanveer Forge has one previous CIN (Corporate Identification Number): L28910MH1990PLC056985. The current CIN is L28910PN1990PLC056985, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L28910PN1990PLC056985Current
L28910MH1990PLC056985Previous

Associated Brands with Krishanveer Forge

Krishanveer Forge operates two associated brands: Rajkumar Forge and Krishanveer Forge. Each brand links to its own profile.

BrandDescriptionWebsite
Rajkumar Forge
Die forgings and heat treatment products are manufactured in India.rkforge.in
Krishanveer Forge
Metal forgings are manufactured by Krishanveer Forge Limited in India.kvforge.com

Business Activity of Krishanveer Forge

The main business activity of Krishanveer Forge is manufacturing. In detail, this covers metal and metal products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC7Metal and metal productsLocked
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Business activity turnover details for Krishanveer Forge Limited

Turnover share and past changes in activity are in the company report.

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Auditor Details of Krishanveer Forge

Krishanveer Forge Limited is audited by Gokhale, Tanksale & Ghatpande for the financial year 2023.

NameStatusAppointment DateCessation Date
Gokhale, Tanksale & GhatpandeLockedLockedLocked
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Complete auditor history for Krishanveer Forge Limited

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Board of Directors of Krishanveer Forge Limited

Krishanveer Forge has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sudha Santhanam
Also directs: Maya Care Foundation
Director15 May 20179 Years 4 MonthsCurrent
Arun Krishankumar Jindal
Also directs: Kran Rader Infra LLP, Western India Forgings PVT LTD
Director11 Feb 20206 Years 7 MonthsCurrent
Ratanlal Tikaram Goel
Also directs: Enkei Wheels (India) Limited
Director01 Dec 20169 Years 10 MonthsCurrent
Nitin Shyam Rajore
Also directs: Tristar Polymers Private Limited, Matushree Holdings Private Limited
Whole-Time Director01 Dec 20214 Years 10 MonthsCurrent
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Financials of Krishanveer Forge Limited FY 2025-26 filings available

Krishanveer Forge Limited reported revenue of ₹89.3 Cr (up 7.85% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹89.30 Cr
+7.9% YoY
EBITDA
₹11.37 Cr
+35.7% YoY
Profit After Tax
₹7.98 Cr
+41.0% YoY
Net Worth
₹51.44 Cr
+19.9% YoY
Total Assets
₹50.95 Cr
+27.6% YoY
Total Debt
−₹1.81 Cr
+47.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue89.3082.8083.6280.9167.2240.4450.88
Revenue growth+4.7%-3.1%-0.2%+26.9%+78.0%-21.6%-11.5%
EBITDA11.378.386.863.986.596.387.46
EBITDA margin+12.7%+10.1%+8.2%+4.9%+9.8%+15.8%+14.7%
Profit before tax14.577.615.472.035.354.385.61
Net profit7.985.663.991.643.753.574.59
Net profit margin+8.9%+6.8%+4.8%+2.0%+5.6%+8.8%+9.0%
EPS (₹)10.405.153.651.503.433.274.18
Balance sheet
Total assets50.9539.9238.7334.3939.6630.3331.86
Net worth51.4442.9039.0835.2233.5829.8526.64
Total debt(1.81)(3.42)(1.14)(1.55)5.33(0.26)4.53
Cash & bank1.771.531.190.811.621.461.15
Net working capital14.6814.3223.8918.6423.1012.6012.58
Cash flow
Cash from operations1.785.150.527.40(4.70)5.583.91
Cash from investing(0.66)(0.68)(0.43)(0.79)(0.32)(0.03)(2.97)
Cash from financing(2.73)(2.19)(0.11)(0.53)(0.41)(1.78)0.78
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue22.1424.3520.3320.9823.6419.8218.1620.25
Revenue growth (YoY)-6.4%+22.9%+12.0%+4.6%-4.6%-14.5%-20.7%+9.3%
Other income0.463.960.270.230.330.400.270.00
Total expenses19.4020.7118.3917.8720.9717.8116.2118.22
EBITDA2.743.641.943.112.672.011.952.03
EBITDA margin+12.4%+14.9%+9.5%+14.8%+11.3%+10.1%+10.7%+10.1%
Depreciation0.380.380.390.410.390.450.390.39
Interest0.050.020.000.000.00(0.02)0.040.07
Profit before tax2.777.201.822.932.611.981.791.57
Tax0.761.460.071.140.530.520.580.35

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue22.1424.3520.3320.9823.6419.8218.1620.25
Revenue growth (YoY)-6.4%+22.9%+12.0%+4.6%-4.6%-14.5%-20.7%+9.3%
Other income0.463.960.270.230.330.400.270.00
Total expenses19.4020.7118.3917.8720.9717.8116.2118.22
EBITDA2.743.641.943.112.672.011.952.03
EBITDA margin+12.4%+14.9%+9.5%+14.8%+11.3%+10.1%+10.7%+10.1%
Depreciation0.380.380.390.410.390.450.390.39
Interest0.050.020.000.000.00(0.02)0.040.07
Profit before tax2.777.201.822.932.611.981.791.57
Tax0.761.460.071.140.530.520.580.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue89.3082.8083.6280.9167.2240.4450.88
Revenue growth+4.7%-3.1%-0.2%+26.9%+78.0%-21.6%-11.5%
Other income4.790.960.640.610.910.180.12
Total expenses77.9374.4276.7676.9360.6334.0643.42
Employee cost4.694.614.633.953.793.503.17
EBITDA11.378.386.863.986.596.387.46
EBITDA margin+12.7%+10.1%+8.2%+4.9%+9.8%+15.8%+14.7%
Depreciation1.571.611.551.621.531.561.35
Interest0.020.120.480.940.620.620.62
Profit before tax14.577.615.472.035.354.385.61
Tax3.191.951.480.391.600.811.02
Net profit7.985.663.991.643.753.574.59
Net profit margin+8.9%+6.8%+4.8%+2.0%+5.6%+8.8%+9.0%
EPS (₹)10.405.153.651.503.433.274.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.9410.9410.9410.9410.9410.9410.94
Reserves & surplus40.5031.9628.1424.2822.6418.9115.70
Shareholders' funds (net worth)51.4442.9039.0835.2233.5829.8526.64
Secured loans(1.81)(3.42)(1.14)(1.55)5.33(0.26)4.22
Unsecured loans0.000.000.000.000.000.000.31
Total debt(1.81)(3.42)(1.14)(1.55)5.33(0.26)4.53
Total liabilities50.9539.9238.7334.3939.6630.3331.86
Assets
Gross block46.9946.6445.7144.9344.4541.7941.77
Net block13.9115.1315.8116.5817.7216.1217.66
Capital work in progress3.970.000.130.390.002.672.55
Investments19.2811.700.000.000.000.000.00
Inventories7.037.3813.859.4514.088.115.62
Sundry debtors22.5318.7119.7816.7917.9512.3614.95
Cash & bank balances1.771.531.190.811.621.461.15
Loans & advances(0.40)0.750.570.640.170.761.02
Total current assets30.9328.3735.3927.6933.8222.6922.74
Total current liabilities16.2514.0511.509.0510.7210.0910.16
Net working capital14.6814.3223.8918.6423.1012.6012.58
Total assets50.9539.9238.7334.3939.6630.3331.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.431.142.36(3.71)1.72(2.05)(3.46)
Net cash from operating activities1.785.150.527.40(4.70)5.583.91
Net cash from investing activities(0.66)(0.68)(0.43)(0.79)(0.32)(0.03)(2.97)
Net cash from financing activities(2.73)(2.19)(0.11)(0.53)(0.41)(1.78)0.78
Net change in cash(1.61)2.28(0.03)6.07(5.43)3.761.72
Closing cash1.771.531.190.811.621.461.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.9%-1.0%+3.4%+20.4%+66.2%-20.5%-7.7%
EBITDA growth+35.7%+22.2%+72.4%-39.6%+3.3%-14.5%+22.9%
PBT growth+91.5%+39.1%+169.5%-62.1%+22.2%-21.9%+44.2%
Net income growth+41.0%+41.9%+143.3%-56.3%+5.0%-22.2%+67.5%
Revenue CAGR (3Y)+3.3%+7.2%+27.4%+16.7%+6.9%+11.5%+101.7%
EBITDA CAGR (3Y)+41.9%+8.3%+2.5%-18.9%+2.8%+32.9%-
Profitability & leverage
Net income margin+12.7%+6.8%+4.8%+2.0%+5.6%+8.8%+9.0%
Return on capital employed+26.1%+19.6%+16.3%+8.1%+17.1%+16.1%+21.0%
Return on net worth+16.9%+13.8%+10.7%+4.8%+11.9%+12.7%+18.7%
Debt / equity-0.06-0.06-0.040.050.080.080.19
Long-term debt / equity0.000.000.000.000.000.020.03
Interest cover0.201.779.0439.8312.2512.8610.15
Efficiency & per share
Fixed asset turnover1.911.791.851.811.560.971.32
Inventory turnover12.397.807.186.886.065.898.84
Debtors turnover4.334.304.574.664.442.963.65
EPS (₹)10.405.153.651.503.433.274.18
Dividend per share (₹)3.002.502.000.000.000.000.00
Book value per share (₹)47.0239.2235.7332.2030.7027.2924.35
Want more history and ratios?
You're viewing the latest exchange-filed financials for Krishanveer Forge Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Shareholding Pattern of Krishanveer Forge Limited

Shareholding for the quarter ended Sep 2026: promoters hold 72.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.50%.

Promoters: 72.50%Retail & Others: 27.50%
Sep 2026
QUARTER
72.50% Promoters
27.50% Retail & Others
Promoter holding - history
Now 72.50% · Sep 2026High 72.50% · Dec 2025Low 72.50% · Dec 2025
71%71.8%72.5%73.3%74%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 72.50%Mar 2026: 72.50%Jun 2026: 72.50%Sep 2026: 72.50%72.50%72.50%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters72.50%72.50%72.50%72.50%
Public27.50%27.50%27.50%27.50%

Charges & Borrowings of Krishanveer Forge

Open charges
₹20 Cr
Satisfied charges
₹71.56 Cr
Breakdown by lending institutions
Others₹20.00 Cr
Latest charge details
DateLenderAmountStatus
22 Nov 2018Others₹20 CrOpen
15 May 2017Hdfc Bank Limited₹2.03 CrSatisfied
15 May 2017Hdfc Bank Limited₹8 CrSatisfied
29 Jun 2007Bank of Baroda₹2 CrSatisfied
17 May 2005Bank of Baroda₹1.2 CrSatisfied

Total charge records: 11 View all charges

Employees and EPFO Compliance at Krishanveer Forge

Krishanveer Forge Limited has a workforce of 66 employees as of Mar 22, 2024.

Employee count
66
Active EPFO establishments
1
Employee growth
-2.94%
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Employee and EPFO history for Krishanveer Forge Limited

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GST Compliance of Krishanveer Forge

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Credit Ratings, Litigation & Regulatory Alerts for Krishanveer Forge

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Credit ratings, litigation, and regulatory alerts for Krishanveer Forge Limited

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MSME Payment Delays by Krishanveer Forge

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MSME payment history for Krishanveer Forge Limited

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Subsidiaries & Group Companies of Krishanveer Forge

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Corporate group structure for Krishanveer Forge Limited

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MCA Filings & Documents of Krishanveer Forge

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MCA filings and documents for Krishanveer Forge Limited

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Recent Activity on Krishanveer Forge

Activity
19 Sep 2025
Krishanveer Forge Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Krishanveer Forge Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Directors
15 Nov 2024
Mahendra Ravso Samdole was appointed as a Company Secretary on 15 Nov 2024 & has been associated with this company since 1 year 10 months.
Directors
01 Dec 2022
Viralkumar Shireeshchandra Shah was appointed as a CFO on 01 Dec 2022 & has been associated with this company since 3 years 10 months.
Directors
01 Dec 2021
Nitin Shyam Rajore was appointed as a Whole-time director on 01 Dec 2021 & has been associated with this company since 4 years 10 months.
Directors
11 Feb 2020
Arun Krishankumar Jindal was appointed as a Director on 11 Feb 2020 & has been associated with this company since 6 years 7 months.

Frequently Asked Questions about Krishanveer Forge Limited

Krishanveer Forge is an active public limited company in the engineering sector based in Pune, Maharashtra, India. It was incorporated on 22 June 1990 (36+ years old) and is registered under CIN L28910PN1990PLC056985. Listed on BSE: 513369. The company has 66 employees.

Krishanveer Forge reported revenue of ₹89.3 Cr for FY 2025-26 (up 7.85% YoY) based on standalone financials.

The current directors of Krishanveer Forge are:

The primary industry of Krishanveer Forge is engineering. The company specifically operates in metal foundry and fabrication services. The company is currently active in this sector.

Yes. Krishanveer Forge is listed on BSE with code 513369.

Krishanveer Forge can be reached at the registered office: Office No. 511 To 513 Global Square S. No. – 247 14B Yerawa, Da, Pune, Maharashtra, India – 411006, or through the website rkforge.in.

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