Ramkrishna Forgings Limited

NSEI:RKFORGE Stock Report

Market Cap: ₹90.9b

Ramkrishna Forgings Valuation

Is RKFORGE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of RKFORGE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Future Cash Flow Value: RKFORGE (₹499.6) is trading above our estimate of future cash flow value (₹341.41)

Significantly Below Future Cash Flow Value: RKFORGE is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RKFORGE?

Key metric: As RKFORGE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RKFORGE. This is calculated by dividing RKFORGE's market cap by their current earnings.
What is RKFORGE's PE Ratio?
PE Ratio42.2x
Earnings₹2.16b
Market Cap₹90.93b

Price to Earnings Ratio vs Peers

How does RKFORGE's PE Ratio compare to its peers?

The above table shows the PE ratio for RKFORGE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28x
517146 Usha Martin
28x20.56%₹122.2b
522285 Jayaswal Neco Industries
19.3xn/a₹72.3b
JINDALSAW Jindal Saw
11x15.15%₹123.6b
MIDHANI Mishra Dhatu Nigam
53.8x32.91%₹59.1b
RKFORGE Ramkrishna Forgings
42.2x40.26%₹90.9b

Price-To-Earnings vs Peers: RKFORGE is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the peer average (28x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does RKFORGE's PE Ratio compare vs other companies in the IN Metals and Mining Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513436 Shah Alloys
2.9xn/aUS$12.89m
513566 Nova Iron & Steel
0.3xn/aUS$4.48m
526093 Sathavahana Ispat
0.1xn/aUS$1.41m
513039 Hindusthan Udyog
0.01xn/aUS$244.18k
No more companies available in this PE range
RKFORGE 42.2xIndustry Avg. 20.1xNo. of Companies24PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RKFORGE is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the Indian Metals and Mining industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is RKFORGE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RKFORGE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.2x
Fair PE Ratio35.3x

Price-To-Earnings vs Fair Ratio: RKFORGE is expensive based on its Price-To-Earnings Ratio (42.2x) compared to the estimated Fair Price-To-Earnings Ratio (35.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RKFORGE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹499.60
₹558.00
+11.69%
3.38%₹584.00₹540.00n/a3
Mar ’27₹551.80
₹684.17
+23.99%
28.80%₹1,111.00₹540.00n/a6
Feb ’27₹510.10
₹684.17
+34.12%
28.80%₹1,111.00₹540.00n/a6
Jan ’27₹516.45
₹696.33
+34.83%
28.46%₹1,111.00₹507.00n/a6
Dec ’26₹536.50
₹696.33
+29.79%
28.46%₹1,111.00₹507.00n/a6
Nov ’26₹543.00
₹747.83
+37.72%
24.92%₹1,111.00₹540.00n/a6
Oct ’26₹539.30
₹747.83
+38.67%
24.92%₹1,111.00₹540.00n/a6
Sep ’26₹572.65
₹747.83
+30.59%
24.92%₹1,111.00₹540.00n/a6
Aug ’26₹565.75
₹801.50
+41.67%
22.18%₹1,111.00₹560.00n/a6
Jul ’26₹671.85
₹801.50
+19.30%
22.18%₹1,111.00₹560.00n/a6
Jun ’26₹606.25
₹983.60
+62.24%
19.02%₹1,227.00₹680.00n/a5
May ’26₹595.15
₹1,101.33
+85.05%
19.58%₹1,500.00₹870.00n/a6
Apr ’26₹775.10
₹1,113.50
+43.66%
16.91%₹1,500.00₹870.00n/a8
Mar ’26₹648.00
₹1,113.50
+71.84%
16.91%₹1,500.00₹870.00₹551.808
Feb ’26₹797.65
₹1,144.00
+43.42%
15.89%₹1,500.00₹870.00₹510.107
Jan ’26₹909.20
₹1,131.14
+24.41%
17.92%₹1,500.00₹870.00₹516.457
Dec ’25₹966.20
₹1,131.14
+17.07%
17.92%₹1,500.00₹870.00₹536.507
Nov ’25₹934.55
₹1,115.17
+19.33%
19.27%₹1,500.00₹870.00₹543.006
Oct ’25₹1,011.95
₹924.83
-8.61%
14.51%₹1,100.00₹770.00₹539.306
Sep ’25₹967.95
₹924.83
-4.45%
14.51%₹1,100.00₹770.00₹572.656
Aug ’25₹847.80
₹924.83
+9.09%
14.51%₹1,100.00₹770.00₹565.756
Jul ’25₹912.10
₹775.43
-14.98%
17.44%₹915.00₹555.00₹671.857
Jun ’25₹666.15
₹775.43
+16.40%
17.44%₹915.00₹555.00₹606.257
May ’25₹750.90
₹765.43
+1.93%
16.18%₹888.00₹555.00₹595.157
Apr ’25₹714.20
₹771.14
+7.97%
16.65%₹890.00₹555.00₹775.107
Mar ’25₹774.50
₹766.86
-0.99%
16.28%₹888.00₹555.00₹648.007
₹558
Fair Value
10.5% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/22 06:21
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 8 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.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Mukesh SarafAvendus Spark
Annamalai JayarajBatlivala & Karani Securities India Pvt. Ltd.