India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#321- Valuation
- ₹17,620 Cr
2023 #369
Market Cap
₹11,224 Cr
RKFORGE · NSE
Share Price
₹623.00
+3.00% 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)
95.4x
P/B 3.1x
ROE
2.5%
ROCE 5.5%
Debt / Equity
0.72
Interest cover 87.9x
About Ramkrishna Forgings Ltd
Data last updated:
Ramkrishna Forgings Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 12 November 1981 and has been in existence for over 45 years.
Ramkrishna Forgings is part of the Nifty 500 and BSE 500 indices. Its director Mahabir Prasad Jalan and family are #478 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L74210WB1981PLC034281. Its GSTIN is 19AABCR3285N1ZT (West Bengal). The company holds 9 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532527 and NSE: RKFORGE.
The company has an authorised share capital of ₹68.25 Cr and a paid-up capital of ₹37.11 Cr. It was formerly known as Ramkrishna Forgings Pvt Ltd. It is led by directors including Naresh Jalan (Managing Director) and Chaitanya Jalan (Managing Director).
Its last annual general meeting (AGM) was held on 29 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 23 Circus Avenue, Kolkata, West Bengal, India – 700017.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,238.08 Cr, a growth of 5.1% compared to the previous year. For the same year it recorded a net profit of ₹79.33 Cr (net margin 1.9%) and EBITDA of ₹574.52 Cr (EBITDA margin 13.6%). The net worth stands at ₹3,290.4 Cr (up 8.3% YoY). Total assets are valued at ₹5,785.76 Cr (up 11.1% YoY).
The company has about 2,549 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Ramkrishna Forgings. As per MCA filings, the company has open charges of ₹5,120.6 Cr and satisfied charges of ₹6,780.8 Cr on record. Court records list 77 cases involving the company, including 55 filed by the company and 22 filed against it; 20 cases are pending. The company has 101 deals on record (86 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹216.06 Cr; the latest was in July 2026. Its 6 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 3 larger and 3 smaller; the largest is Tube Investments of India Limited with revenue of ₹19,836 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 72 overdue payments to 72 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ramkrishnaforgings.com.
Company details
CIN L74210WB1981PLC034281
Registration Number 034281
Incorporation Date 12 November 1981
ROC Kolkata
Listing Status Listed - Listed on NSE (RKFORGE); Listed on BSE (532527)
Company Status Active
Date of Last AGM 29 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Ramkrishna Forgings has one previous CIN (Corporate Identification Number): U74210WB1981PLC034281. The current CIN is L74210WB1981PLC034281, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74210WB1981PLC034281 | Current |
| U74210WB1981PLC034281 | Previous |
Key People
Naresh Jalan Managing Director Chaitanya Jalan Managing Director Lalit Kumar Khetan Whole-Time Director Recognitions & Rankings of Ramkrishna Forgings
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #478 Mahabir Prasad Jalan & family ₹7,300 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Ramkrishna Forgings Ltd's registered office is in Kolkata, West Bengal. Its website is ramkrishnaforgings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address23 Circus Avenue, Kolkata, West Bengal, India – 700017
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Ramkrishna Forgings Ltd, buy the company report.
Comprehensive company report
Ramkrishna Forgings Ltd - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Ramkrishna Forgings operates one associated brand: Ramkrishna Forgings. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ramkrishna Forgings is engaged in metal forming and manufacturing. | ramkrishnaforgings.com |
Business activity
The main business activity of Ramkrishna Forgings is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Ramkrishna Forgings Ltd, buy the company report.
Financials of Ramkrishna Forgings Ltd
FY 2025-26 filings availableRamkrishna Forgings Ltd reported revenue of ₹4,238.08 Cr (up 5.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹4,238 Cr
+5.1% YoY
EBITDA
₹575 Cr
+2.6% YoY
Profit After Tax
₹79.33 Cr
-80.5% YoY
Net Worth
₹3,290 Cr
+8.3% YoY
Total Assets
₹5,786 Cr
+11.1% YoY
Total Debt
₹2,449 Cr
+15.2% YoY
Revenue 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 (₹) | 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 (₹) | 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 (₹) | 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
Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
| 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 (₹) | 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 (₹) | 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 (₹) | 3.96 | 22.93 | 16.11 | 15.52 | 12.39 | 6.47 | 2.97 |
| Dividend per share (₹) | 1.00 | 2.00 | 2.00 | 2.00 | 1.70 | 0.00 | 0.00 |
| Book value per share (₹) | 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 (₹) | 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 (₹) | 4.77 | 22.20 | 15.16 | 14.73 | 12.92 | 8.75 | 2.95 |
| Dividend per share (₹) | 1.00 | 2.00 | 2.00 | 2.00 | 1.70 | 0.00 | 0.00 |
| Book value per share (₹) | 176.76 | 166.28 | 144.94 | 81.39 | 68.43 | 278.70 | 268.78 |
To see the full year-wise statements and ratios of Ramkrishna Forgings Ltd, buy the company report.
Board of directors of Ramkrishna Forgings Ltd
Ramkrishna Forgings has 10 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahabir Prasad Jalan | Director | 12 Nov 1981 | 44 Years 11 Months | Current |
| Naresh Jalan Also directs: Dove Airlines Pvt Ltd | Managing Director | 25 Jan 1995 | 31 Years 9 Months | Current |
| Chaitanya Jalan Also directs: Dove Airlines Pvt Ltd, Ramkrishna Titagarh Rail Wheels Limited, Mal Metalliks Private Limited and 4 more | Managing Director | 09 Nov 2019 | 6 Years 11 Months | Current |
| Sanjay Kothari | Director | 03 May 2022 | 4 Years 5 Months | Current |
| Ranaveer Sinha Also directs: Adithya Automotive Applications Limited | Director | 02 Feb 2019 | 7 Years 8 Months | Current |
| Lalit Kumar Khetan Also directs: Ramkrishna Titagarh Rail Wheels Limited, Mal Metalliks Private Limited, Multitech Auto Private Limited and 2 more | Whole-Time Director | 20 Oct 2020 | 6 Years 0 Months | Current |
Showing 6 of 10 current directors. View all directors
Peer comparison
Ramkrishna Forgings Ltd is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tube Investments of India Limited | ₹19,836 Cr (FY 2025) | 16.0% | Chennai, Tamil Nadu, India | |||
| Sundram Fasteners Limited | ₹5,720.47 Cr (FY 2024) | 0.0% | Chennai, Tamil Nadu, India | |||
| SKF India Limited | ₹5,021.37 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India | |||
| Ramkrishna Forgings Ltdthis company | ₹4,238.08 Cr (FY 2026) | ₹79.33 Cr | 1.9% | 5.1% | 2,549 | Kolkata, West Bengal, India |
| National Engineering Industries Limited | ₹3,920.98 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India | |||
| Pennar Industries Limited | ₹3,263.27 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Timken India Limited | ₹3,197.99 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ramkrishna Forgings Ltd, buy the company report.
Auditor
Ramkrishna Forgings Ltd is audited by S.R. Batliboi & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2024 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 43.40%, foreign institutional investors hold 20.40%, domestic institutional investors hold 5.10% and retail and other public shareholders hold 31.10%.
Sep 2026
QUARTER
43.40% Promoters
5.10% DII (Domestic Institutional)
20.40% FII (Foreign Institutional)
31.10% Retail & Others
Promoter holding - history
Now 43.40% · Sep 2026High 43.40% · Sep 2026Low 43.10% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 43.40% | 43.30% | 43.10% | 43.10% |
| Public | 56.60% | 56.70% | 56.90% | 56.90% |
Charges & borrowings
Open charges
₹5,120.6 Cr
Satisfied charges
₹6,780.8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Feb 2026 | 101265266 | Others | ₹100 Cr | Open | |
| 16 Feb 2026 | 101235725 | Uco Bank | ₹400 Cr | Open | |
| 01 Dec 2025 | 101206314 | Others | ₹100 Cr | Open | |
| 07 Nov 2025 | 101181986 | Others | ₹100 Cr | Open | |
| 30 Oct 2025 | 101176092 | Others | ₹150 Cr | Open |
To see the full charge records of Ramkrishna Forgings Ltd, buy the company report.
Total charge records: 133 View all charges
Deals & funding
Ramkrishna Forgings Ltd has 101 deals on record (86 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹216.06 Cr; the latest was in July 2026.
Total deals
101
Market trades
86
Funding rounds
6
Secondary share transfers
5
QIPs
2
Disclosed funding
₹216.06 Cr
Deals on record (5 of 101)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹86.63 Cr | Buyer: Riddhi Portfolio Private Limited Seller: an individual |
| Nov 2025 | Market trade | ₹53.84 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jun 2025 | Market trade | ₹68.67 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2025 | Market trade | ₹56.07 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Apr 2025 | Market trade | ₹120.51 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
To see the full deal history of Ramkrishna Forgings Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ramkrishna Forgings Ltd has 77 court cases on record: 55 filed by Ramkrishna Forgings, 22 filed against it. 20 cases are pending and 57 are disposed.
Total cases
77
Filed by the company
55
Filed against the company
22
Pending
20
Disposed
57
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 54 | 10 | 11 |
| District courts | 9 | 2 | 3 |
| NCLAT | 8 | 5 | 5 |
| Supreme Court | 6 | 5 | 1 |
Cases on record (5 of 77)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Jharkhand | Court case (C.M.P.) | Filed against the company by Tata Steel Utilities and Infrastructure Services Ltd THR Its Auth. Signatory Jai Pushpit Pallav | Pending |
| High Court of Jharkhand | Court case (C.M.P.) | Filed against the company by Jharkhand Bijli Vitran Nigam Limited Through Its Managing Director | Pending |
| High Court of Jharkhand | Writ petition | Filed against the company by Jharkhand Urja Vikas Nigam Limited, Through Its Chairman-Cum-Managing Director, | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Kotak Mahindra Bank Limited | Pending |
| High Court of Jharkhand | Court case (C.M.P.) | Filed against the company by Jharkhand Urja Vikas Nigam Limited, Through Its Chairman- Cum- Managing Director | Disposed |
To see the full case history of Ramkrishna Forgings Ltd, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ramkrishna Forgings Ltd was last rated by Indiarating on 20 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 20 Apr 2023 |
To see the full credit ratings and regulatory alerts of Ramkrishna Forgings Ltd, buy the company report.
MSME payment delays
Ramkrishna Forgings Ltd has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 72 overdue payments to 72 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Raj Enterprises | |||
| an individual supplier | |||
| Navneet Industries | |||
| Apex Corporation India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ramkrishna Forgings Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ramkrishna Forgings has 4 subsidiary companies and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
4
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Multitech Auto Private Limited | U34102WB2004PTC215505 | |
| Acil Limited | U34300WB1997PLC273569 | |
| Ramkrishna Casting Solutions Limited | U42274DL1997PLC270939 | |
| Globe All India Services Limited | U63040WB1994PLC062139 |
To see the full group structure of Ramkrishna Forgings Ltd, buy the company report.
Employees & EPFO
Ramkrishna Forgings Ltd has a workforce of 2,549 employees on its EPFO records as of Jul 31, 2025, across 3 active EPFO establishments.
Employee count
2,549
Active EPFO establishments
3
Employee growth
11.65%
GST
Ramkrishna Forgings has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
7
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCR3285N1ZT | West Bengal | Active | 01 Jul 2017 |
| 19AABCR3285N2ZS | West Bengal | Active | 01 Jul 2020 |
| 20AABCR3285N2Z9 | Jharkhand | Active | 01 Jul 2017 |
| 20AABCR3285N3Z8 | Jharkhand | Active | 01 Apr 2019 |
To see the full GST registrations and return filing status of Ramkrishna Forgings Ltd, buy the company report.
Recent activity
Ramkrishna Forgings Ltd has 53 board changes on record since 1981: 33 appointments and 20 cessations. The latest: Chetan Rameshchandra Desai was appointed as Director on 29 Apr 2026.
Charges
A charge with Others of Rs. 2,100.00 Cr registered on 24 Aug 2015 with Charge ID 10588842 was modified on 14 Sep 2026.
AGM
Ramkrishna Forgings Ltd last Annual general meeting of members was held on 29 Aug 2026 as per latest MCA records.
Charges
A charge with Others of Rs. 100.00 Cr registered on 01 Dec 2025 with Charge ID 101206314 was modified on 10 Aug 2026.
Charges
A charge registered on 15 Feb 2022 via Charge ID 100541773 with Hdfc Bank Limited was fully satisfied on 16 Jul 2026.
Charges
A charge registered on 11 Aug 2023 via Charge ID 100760690 with Others was fully satisfied on 17 Jun 2026.
Charges
A charge registered on 24 Mar 2022 via Charge ID 100555957 with Others was fully satisfied on 17 Jun 2026.
Charges
A charge with Others of Rs. 150.00 Cr registered on 30 Oct 2025 with Charge ID 101176092 was modified on 30 May 2026.
Charges
A charge with Yes Bank Limited of Rs. 150.00 Cr registered on 22 Sep 2025 with Charge ID 101158863 was modified on 30 May 2026.
Appointed
Chetan Rameshchandra Desai was appointed as Director.
Filing
Ramkrishna Forgings Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101265266 was registered on 25 Feb 2026.
Charges
A charge registered on 20 Jun 2016 via Charge ID 100042149 with Hdfc Bank Limited was fully satisfied on 18 Feb 2026.
337 earlier events are in the company report.
News
Ramkrishna Forgings: To Hold Meeting With Analysts And Investors On September 21
Ramkrishna Forgings: Plans Meeting With Analysts And Investors On September 21 At 1 PM.
Frequently asked questions
Ramkrishna Forgings is an active public limited company based in Kolkata, West Bengal, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 12 November 1981 (45+ years old) and is registered under CIN L74210WB1981PLC034281. Listed on BSE: 532527 and NSE: RKFORGE.
Ramkrishna Forgings reported revenue of ₹4,238.08 Cr for FY 2025-26 (up 5.1% YoY) based on consolidated financials.
Ramkrishna Forgings has 10 current directors:
- Naresh Jalan - Managing Director
- Chaitanya Jalan - Managing Director
- Lalit Kumar Khetan - Whole-Time Director
- Milesh Gandhi - Whole-Time Director
- Mahabir Prasad Jalan - Director
- Sanjay Kothari - Director
- Ranaveer Sinha - Director
- Rekha Bagry - Director
- Sucharita Basu De - Director
- Chetan Rameshchandra Desai - Director
The latest financial statements of Ramkrishna Forgings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Ramkrishna Forgings is 19AABCR3285N1ZT, registered in West Bengal. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 19AABCR3285N2ZS (West Bengal), 20AABCR3285N2Z9 (Jharkhand), 20AABCR3285N3Z8 (Jharkhand).
The CIN (Corporate Identification Number) of Ramkrishna Forgings is L74210WB1981PLC034281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ramkrishna Forgings is a listed company as per MCA records. Its shares are listed on both BSE (code: 532527) and NSE (symbol: RKFORGE).
Ramkrishna Forgings has 77 court cases on record: 55 filed by the company and 22 filed against it. 20 are pending. Most are in the high courts.
Ramkrishna Forgings was incorporated on 12 November 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
Ramkrishna Forgings has 101 deals on record (86 market trades, 6 funding rounds, 5 secondary share transfers), with disclosed funding of ₹216.06 Cr; the latest was in July 2026.
The peers of Ramkrishna Forgings by revenue are Tube Investments of India Limited, Sundram Fasteners Limited, SKF India Limited, National Engineering Industries Limited, Pennar Industries Limited and 1 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).
Chetan Rameshchandra Desai was appointed as Director on 29 Apr 2026. Sucharita Basu De was appointed as Director on 17 Jan 2025. Amitabha Guha ceased to be Director on 14 Aug 2024. Ramkrishna Forgings has 53 board changes on record in total.