Ramkrishna Forgings Past Earnings Performance
Past criteria checks 2/6
Ramkrishna Forgings has been growing earnings at an average annual rate of 13.4%, while the Metals and Mining industry saw earnings growing at 17.7% annually. Revenues have been growing at an average rate of 17.5% per year. Ramkrishna Forgings's return on equity is 2.2%, and it has net margins of 1.7%.
Key information
13.44%
Earnings growth rate
10.78%
EPS growth rate
| Metals and Mining Industry Growth | 25.90% |
| Revenue growth rate | 17.55% |
| Return on equity | 2.18% |
| Net Margin | 1.69% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 01
RKFORGE: Upcoming Board Decisions And Dividend Plans Will Guide Fairly Priced Outlook
Analysts have raised their fair value estimate for Ramkrishna Forgings from ₹558 to ₹624, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News A board meeting is scheduled for May 1, 2026, at 11:30 Indian Standard Time to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (Key Developments).
Narrative Update • May 14
RKFORGE: Higher Fair Value And May Board Decisions Will Support Future P/E
Analysts have lifted the fair value estimate for Ramkrishna Forgings from ₹584 to ₹680. This reflects updated views on its discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations.Narrative Update • Apr 26
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.Narrative Update • Apr 09
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).Narrative Update • Mar 26
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).Narrative Update • Mar 12
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).Narrative Update • Feb 25
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).Narrative Update • Feb 09
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).
Narrative Update • Jan 25
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.Narrative Update • Jan 11
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).Narrative Update • Dec 26
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.Narrative Update • Dec 12
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).Narrative Update • Nov 28
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).Analysis Article • Nov 25
A Look At The Fair Value Of Ramkrishna Forgings Limited (NSE:RKFORGE)
Key Insights The projected fair value for Ramkrishna Forgings is ₹622 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Nov 13
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.Analysis Article • Sep 14
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO For Now
Key Insights Ramkrishna Forgings will host its Annual General Meeting on 20th of September Total pay for CEO Naresh...Analysis Article • May 10
Calculating The Fair Value Of Ramkrishna Forgings Limited (NSE:RKFORGE)
Key Insights The projected fair value for Ramkrishna Forgings is ₹483 based on 2 Stage Free Cash Flow to Equity With...Analysis Article • Apr 24
Risks To Shareholder Returns Are Elevated At These Prices For Ramkrishna Forgings Limited (NSE:RKFORGE)
With a price-to-earnings (or "P/E") ratio of 31.6x Ramkrishna Forgings Limited ( NSE:RKFORGE ) may be sending bearish...Analysis Article • Apr 06
Do Ramkrishna Forgings' (NSE:RKFORGE) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Mar 03
The Return Trends At Ramkrishna Forgings (NSE:RKFORGE) Look Promising
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Analysis Article • Feb 08
These 4 Measures Indicate That Ramkrishna Forgings (NSE:RKFORGE) Is Using Debt Reasonably Well
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 20
Ramkrishna Forgings Limited (NSE:RKFORGE) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
Investors in Ramkrishna Forgings Limited ( NSE:RKFORGE ) had a good week, as its shares rose 7.3% to close at ₹985...
New Narrative • Jan 19
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.Analysis Article • Jan 13
Unpleasant Surprises Could Be In Store For Ramkrishna Forgings Limited's (NSE:RKFORGE) Shares
With a price-to-earnings (or "P/E") ratio of 46.4x Ramkrishna Forgings Limited ( NSE:RKFORGE ) may be sending bearish...Analysis Article • Dec 17
Here's Why We Think Ramkrishna Forgings (NSE:RKFORGE) Is Well Worth Watching
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Nov 18
Investors Met With Slowing Returns on Capital At Ramkrishna Forgings (NSE:RKFORGE)
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Analysis Article • Oct 28
Ramkrishna Forgings (NSE:RKFORGE) Is Paying Out A Dividend Of ₹1.00
The board of Ramkrishna Forgings Limited ( NSE:RKFORGE ) has announced that it will pay a dividend on the 23rd of...Analysis Article • Oct 06
Ramkrishna Forgings Limited's (NSE:RKFORGE) Share Price Not Quite Adding Up
When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 33x, you may consider...Analysis Article • Sep 15
With EPS Growth And More, Ramkrishna Forgings (NSE:RKFORGE) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 25
Ramkrishna Forgings Limited's (NSE:RKFORGE) CEO Will Probably Have Their Compensation Approved By Shareholders
Key Insights Ramkrishna Forgings to hold its Annual General Meeting on 31st of August CEO Naresh Jalan's total...Analysis Article • Jun 23
Optimistic Investors Push Ramkrishna Forgings Limited (NSE:RKFORGE) Shares Up 26% But Growth Is Lacking
Despite an already strong run, Ramkrishna Forgings Limited ( NSE:RKFORGE ) shares have been powering on, with a gain of...Analysis Article • Jun 10
Is Ramkrishna Forgings (NSE:RKFORGE) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • May 10
We Think That There Are Issues Underlying Ramkrishna Forgings' (NSE:RKFORGE) Earnings
Investors were disappointed with Ramkrishna Forgings Limited's ( NSE:RKFORGE ) earnings, despite the strong profit...Analysis Article • May 08
Industry Analysts Just Made A Meaningful Upgrade To Their Ramkrishna Forgings Limited (NSE:RKFORGE) Revenue Forecasts
Ramkrishna Forgings Limited ( NSE:RKFORGE ) shareholders will have a reason to smile today, with the analysts making...Analysis Article • May 05
Ramkrishna Forgings Limited Just Recorded A 12% Revenue Beat: Here's What Analysts Think
Ramkrishna Forgings Limited ( NSE:RKFORGE ) defied analyst predictions to release its annual results, which were ahead...Analysis Article • Apr 10
Should You Be Adding Ramkrishna Forgings (NSE:RKFORGE) To Your Watchlist Today?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Feb 11
Investors Still Waiting For A Pull Back In Ramkrishna Forgings Limited (NSE:RKFORGE)
Ramkrishna Forgings Limited's ( NSE:RKFORGE ) price-to-earnings (or "P/E") ratio of 42.5x might make it look like a...Analysis Article • Oct 22
Ramkrishna Forgings (NSE:RKFORGE) Is Increasing Its Dividend To ₹1.00
Ramkrishna Forgings Limited ( NSE:RKFORGE ) will increase its dividend from last year's comparable payment on the 18th...Analysis Article • Oct 13
We Think Ramkrishna Forgings (NSE:RKFORGE) Might Have The DNA Of A Multi-Bagger
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Revenue & 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 Mar 26 | 42,381 | 718 | 2,588 | 0 |
| 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 high quality earnings.
Growing Profit Margin: RKFORGE's current net profit margins (1.7%) are lower than last year (8.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RKFORGE's earnings have grown by 13.4% per year over the past 5 years.
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 (-78.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (10%).
Return on Equity
High ROE: RKFORGE's Return on Equity (2.2%) 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 | 2026/06/16 11:46 |
| End of Day Share Price | 2026/06/16 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. 3 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 |