Ramkrishna Forgings Past Earnings Performance
We're still processing the latest earnings report of this company
Past criteria checks 1/6
Ramkrishna Forgings has been growing earnings at an average annual rate of 19.3%, while the Metals and Mining industry saw earnings growing at 21% annually. Revenues have been growing at an average rate of 18.7% per year. Ramkrishna Forgings's return on equity is 7%, and it has net margins of 5.4%.
Key information
19.27%
Earnings growth rate
16.40%
EPS growth rate
| Metals and Mining Industry Growth | 25.90% |
| Revenue growth rate | 18.68% |
| Return on equity | 7.03% |
| Net Margin | 5.43% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
RKFORGE: Upcoming Board Decisions And Dividend Plans Will Shape Fairly Priced Outlook
Analysts have trimmed their fair value estimate for Ramkrishna Forgings from ₹693 to ₹558, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E levels. What's in the News A board meeting is scheduled for May 1, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
RKFORGE: Steady Fair Value And Upcoming Meetings Will Shape Future P/E
Analysts have kept the fair value for Ramkrishna Forgings broadly steady at about ₹584 per share, indicating only modest adjustments in assumptions around discount rate, revenue growth, profit margin and future P/E to reflect slightly updated views on the company’s risk and earnings profile. What's in the News A board meeting is scheduled for January 27, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).RKFORGE: Future P/E Reset Will Shape Bullish Upside Potential
Analysts have reset their price target on Ramkrishna Forgings from ₹1,111 to ₹584, citing updated assumptions around a higher discount rate of 15.40%, revised revenue growth of 15.69%, a profit margin of 10.44%, and a future P/E of 25.17x. What's in the News A board meeting is scheduled on January 27, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).RKFORGE: Upcoming Results And Financing Access Will Support Long Term Upside
Analysts have adjusted their price target on Ramkrishna Forgings to ₹693 from ₹684, reflecting updated assumptions on fair value, discount rate, and future P/E expectations. What's in the News A board meeting is scheduled on January 27, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).RKFORGE: Stable Outlook And Capital Access Will Support Long Term Upside
Analysts have kept their fair value estimate for Ramkrishna Forgings broadly unchanged around ₹684 per share, with only a slight tweak to the discount rate and future P/E assumptions guiding their updated price target view. What's in the News Board meeting scheduled on January 27, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).RKFORGE: Warrant Issue And Capital Raise Will Support Long Term Upside
Analysts have trimmed their fair value estimate for Ramkrishna Forgings from ₹696.33 to ₹684.17, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled on January 27, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
RKFORGE: Future Fundraising And Higher Discount Rate Will Shape Balanced Outlook
Analysts have trimmed their fair value estimate for Ramkrishna Forgings from ₹540.00 to ₹507.00. This reflects updated views on a higher discount rate, more moderate revenue growth assumptions, slightly stronger profit margins, and a lower future P/E multiple.RKFORGE: Planned Warrant Issue Will Support Bullish Long Term Upside
Analysts have kept their price target for Ramkrishna Forgings broadly unchanged at ₹696.33, reflecting only marginal tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E rather than a shift in their overall view. What's in the News Board meeting on November 12, 2025 to consider unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to discuss potential fund raising through equity shares, warrants, convertible debentures, convertible preference shares or other equity linked instruments (Key Developments).RKFORGE: Planned Warrant Issue Will Support Bullish Long Term Upside
Analysts have modestly adjusted their price target on Ramkrishna Forgings to reflect largely unchanged fair value estimates around ₹696.33. Stable assumptions on revenue growth, profit margins, and future valuation multiples suggest only a marginal shift in the company’s long term risk profile.RKFORGE: Upcoming Warrant Issue Will Drive Bullish Long Term Upside
Analysts have nudged their price target on Ramkrishna Forgings higher to ₹696.33 per share, reflecting slightly stronger long term earnings visibility and a marginally higher justified valuation multiple based on updated discount rate and profitability assumptions. What's in the News Board meeting on November 12, 2025 to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to evaluate fund raising via equity shares, warrants, convertible debentures, or other equity linked instruments (Key Developments).RKFORGE: Upcoming Fundraising and Key Meetings Will Drive Shares Higher
Analysts have modestly increased their price target for Ramkrishna Forgings from ₹695.60 to ₹696.33, citing minimal adjustments in underlying growth and profitability assumptions. What's in the News Special/Extraordinary Shareholders Meeting scheduled for December 12, 2025, at 11:30 Indian Standard Time (Key Developments).A Look At The Fair Value Of Ramkrishna Forgings Limited (NSE:RKFORGE)
Nov 25
RKFORGE: Fundraising Plans And Meetings Will Drive Upside Opportunities
Analysts have revised their price target for Ramkrishna Forgings downward from ₹747.83 to ₹695.60, citing modestly reduced expectations for revenue growth and profit margin, as well as a higher discount rate. What's in the News Special/Extraordinary Shareholders Meeting scheduled for December 12, 2025, at 11:30 Indian Standard Time (Key Developments) Board Meeting planned for November 12, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025.We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO For Now
Sep 14Calculating The Fair Value Of Ramkrishna Forgings Limited (NSE:RKFORGE)
May 10Risks To Shareholder Returns Are Elevated At These Prices For Ramkrishna Forgings Limited (NSE:RKFORGE)
Apr 24Do Ramkrishna Forgings' (NSE:RKFORGE) Earnings Warrant Your Attention?
Apr 06The Return Trends At Ramkrishna Forgings (NSE:RKFORGE) Look Promising
Mar 03These 4 Measures Indicate That Ramkrishna Forgings (NSE:RKFORGE) Is Using Debt Reasonably Well
Feb 08Ramkrishna Forgings Limited (NSE:RKFORGE) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Jan 20
Expansion Into Oil And Gas, Railways, And Farm Equipment Will Strengthen Future Prospects
Strategic expansions in Jamshedpur and Mexico aim to boost production and revenue diversification, reducing reliance on commercial vehicles.Unpleasant Surprises Could Be In Store For Ramkrishna Forgings Limited's (NSE:RKFORGE) Shares
Jan 13Here's Why We Think Ramkrishna Forgings (NSE:RKFORGE) Is Well Worth Watching
Dec 17Investors Met With Slowing Returns on Capital At Ramkrishna Forgings (NSE:RKFORGE)
Nov 18Ramkrishna Forgings (NSE:RKFORGE) Is Paying Out A Dividend Of ₹1.00
Oct 28Ramkrishna Forgings Limited's (NSE:RKFORGE) Share Price Not Quite Adding Up
Oct 06With EPS Growth And More, Ramkrishna Forgings (NSE:RKFORGE) Makes An Interesting Case
Sep 15Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO Will Probably Have Their Compensation Approved By Shareholders
Aug 25Optimistic Investors Push Ramkrishna Forgings Limited (NSE:RKFORGE) Shares Up 26% But Growth Is Lacking
Jun 23Is Ramkrishna Forgings (NSE:RKFORGE) Using Too Much Debt?
Jun 10We Think That There Are Issues Underlying Ramkrishna Forgings' (NSE:RKFORGE) Earnings
May 10Industry Analysts Just Made A Meaningful Upgrade To Their Ramkrishna Forgings Limited (NSE:RKFORGE) Revenue Forecasts
May 08Ramkrishna Forgings Limited Just Recorded A 12% Revenue Beat: Here's What Analysts Think
May 05Should You Be Adding Ramkrishna Forgings (NSE:RKFORGE) To Your Watchlist Today?
Apr 10Investors Still Waiting For A Pull Back In Ramkrishna Forgings Limited (NSE:RKFORGE)
Feb 11Ramkrishna Forgings (NSE:RKFORGE) Is Increasing Its Dividend To ₹1.00
Oct 22We Think Ramkrishna Forgings (NSE:RKFORGE) Might Have The DNA Of A Multi-Bagger
Oct 13Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Ramkrishna Forgings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 39,685 | 2,157 | 2,734 | 0 |
| 30 Sep 25 | 39,438 | 2,230 | 2,721 | 0 |
| 30 Jun 25 | 40,899 | 2,905 | 2,550 | 0 |
| 31 Mar 25 | 40,341 | 3,316 | 2,644 | 0 |
| 31 Dec 24 | 43,112 | 3,882 | 2,816 | 0 |
| 30 Sep 24 | 42,330 | 3,731 | 2,619 | 0 |
| 30 Jun 24 | 40,676 | 3,438 | 2,264 | 0 |
| 31 Mar 24 | 37,045 | 2,829 | 2,005 | 0 |
| 31 Dec 23 | 38,233 | 3,160 | 1,989 | 0 |
| 30 Sep 23 | 35,429 | 2,902 | 1,840 | 0 |
| 30 Jun 23 | 33,859 | 2,753 | 1,675 | 0 |
| 31 Mar 23 | 31,929 | 2,481 | 1,674 | 0 |
| 31 Dec 22 | 30,200 | 2,636 | 1,566 | 0 |
| 30 Sep 22 | 28,438 | 2,479 | 1,517 | 0 |
| 30 Jun 22 | 26,025 | 2,247 | 1,331 | 0 |
| 31 Mar 22 | 23,202 | 1,980 | 1,344 | 0 |
| 31 Dec 21 | 21,220 | 1,480 | 1,202 | 0 |
| 30 Sep 21 | 19,235 | 1,174 | 1,141 | 0 |
| 30 Jun 21 | 15,924 | 748 | 1,057 | 0 |
| 31 Mar 21 | 12,889 | 207 | 982 | 0 |
| 31 Dec 20 | 10,080 | -208 | 945 | 0 |
| 30 Sep 20 | 8,879 | -333 | 955 | 0 |
| 30 Jun 20 | 9,295 | -336 | 1,002 | 0 |
| 31 Mar 20 | 12,165 | 97 | 1,036 | 0 |
| 31 Dec 19 | 14,592 | 422 | 1,079 | 0 |
| 30 Sep 19 | 17,150 | 742 | 1,086 | 0 |
| 30 Jun 19 | 19,083 | 1,060 | 1,084 | 0 |
| 31 Mar 19 | 19,311 | 1,201 | 1,062 | 0 |
| 31 Mar 18 | 14,909 | 949 | 954 | 0 |
| 31 Mar 17 | 9,207 | 112 | 871 | 0 |
| 31 Mar 16 | 9,105 | 545 | 813 | 0 |
Quality Earnings: RKFORGE has a large one-off gain of ₹40.6M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: RKFORGE's current net profit margins (5.4%) are lower than last year (9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RKFORGE has become profitable over the past 5 years, growing earnings by 19.3% per year.
Accelerating Growth: RKFORGE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RKFORGE had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the Metals and Mining industry average (6.7%).
Return on Equity
High ROE: RKFORGE's Return on Equity (7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 23:23 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ramkrishna Forgings Limited is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Annamalai Jayaraj | 360 ONE Capital Market Private Limited |
| null null | Asian Markets Securities Private Limited |
| Mukesh Saraf | Avendus Spark |