Ramkrishna Forgings Limited

NSEI:RKFORGE Stock Report

Market Cap: ₹174.3b

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 Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: RKFORGE (₹963.65) is trading above our estimate of fair value (₹40.27)

Significantly Below Fair Value: RKFORGE is trading above our estimate of fair 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 Ratio46.7x
Earnings₹3.73b
Market Cap₹174.26b

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 Average21.6x
JINDALSAW Jindal Saw
9.6x5.5%₹190.7b
JAIBALAJI Jai Balaji Industries
19.5xn/a₹169.5b
JSLHISAR Jindal Stainless (Hisar)
8.9x-15.4%₹132.3b
520111 Ratnamani Metals & Tubes
48.1x20.5%₹255.4b
RKFORGE Ramkrishna Forgings
46.7x16.3%₹174.3b

Price-To-Earnings vs Peers: RKFORGE is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the peer average (25.8x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
590078 Maithan Alloys
3.7xn/aUS$369.97m
526608 Electrotherm (India)
3.1xn/aUS$141.14m
PRAKASHSTL Prakash Steelage
3.8xn/aUS$16.51m
522165 Indsil Hydro Power and Manganese
1.6xn/aUS$16.40m
RKFORGE 46.7xIndustry Avg. 23.8xNo. of Companies26PE01632486480+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RKFORGE is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the Indian Metals and Mining industry average (23.8x).

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 Ratio46.7x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: RKFORGE is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

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₹963.65
₹1,131.14
+17.4%
17.9%₹1,500.00₹870.00n/a7
Nov ’25₹934.55
₹1,115.17
+19.3%
19.3%₹1,500.00₹870.00n/a6
Oct ’25₹1,011.95
₹924.83
-8.6%
14.5%₹1,100.00₹770.00n/a6
Sep ’25₹967.95
₹924.83
-4.5%
14.5%₹1,100.00₹770.00n/a6
Aug ’25₹847.80
₹924.83
+9.1%
14.5%₹1,100.00₹770.00n/a6
Jul ’25₹912.10
₹775.43
-15.0%
17.4%₹915.00₹555.00n/a7
Jun ’25₹666.15
₹775.43
+16.4%
17.4%₹915.00₹555.00n/a7
May ’25₹750.90
₹765.43
+1.9%
16.2%₹888.00₹555.00n/a7
Apr ’25₹714.20
₹771.14
+8.0%
16.7%₹890.00₹555.00n/a7
Mar ’25₹774.50
₹766.86
-1.0%
16.3%₹888.00₹555.00n/a7
Feb ’25₹769.85
₹766.86
-0.4%
16.3%₹888.00₹555.00n/a7
Jan ’25₹711.70
₹647.50
-9.0%
11.0%₹750.00₹555.00n/a6
Dec ’24₹795.60
₹647.50
-18.6%
11.0%₹750.00₹555.00n/a6
Nov ’24₹643.25
₹647.50
+0.7%
11.0%₹750.00₹555.00₹934.556
Oct ’24₹643.75
₹583.33
-9.4%
9.4%₹640.00₹480.00₹1,011.956
Sep ’24₹713.10
₹583.33
-18.2%
9.4%₹640.00₹480.00₹967.956
Aug ’24₹560.85
₹552.14
-1.6%
16.6%₹640.00₹365.00₹847.807
Jul ’24₹444.70
₹369.60
-16.9%
13.1%₹430.00₹283.00₹912.105
Jun ’24₹379.05
₹369.60
-2.5%
13.1%₹430.00₹283.00₹666.155
May ’24₹326.00
₹338.00
+3.7%
12.5%₹385.00₹272.00₹750.905
Apr ’24₹286.10
₹330.00
+15.3%
12.1%₹385.00₹272.00₹714.205
Mar ’24₹267.35
₹314.17
+17.5%
16.2%₹385.00₹235.00₹774.506
Feb ’24₹266.85
₹303.29
+13.7%
17.8%₹385.00₹235.00₹769.857
Jan ’24₹262.90
₹255.33
-2.9%
17.0%₹309.00₹184.00₹711.706
Dec ’23₹223.75
₹255.33
+14.1%
17.0%₹309.00₹184.00₹795.606
Nov ’23₹235.90
₹255.33
+8.2%
17.0%₹309.00₹184.00₹643.256

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

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