Ramkrishna Forgings logo

Ramkrishna Forgings share price

NSE: RKFORGEBSE: 532527Auto ComponentsSmall Cap

Last close ₹591.10down ₹23.40 (3.81%)BSE ₹591.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹614.50.

52-week range of traded prices to 23 Oct 2026
₹460.15Low, 23 Mar 2026₹772.80High, 19 Aug 2026
Market cap
₹10,969 Cr564th largest listed
P/E
102.6
P/E without one-offs
89.6
P/B
3.3
Dividend yield
0.17%
ROE
3.4%
ROE without one-offs
3.9%
ROCE
6.4%
Debt to equity
0.71
Volume, NSE
5,90,94848.6% delivered

Share price

Daily closes since Jan 2007, adjusted for splits and bonuses

+6.7%over a year · Nifty Smallcap 250 −5.0% · Nifty 500 −9.8%

Results20-session average 5,49,399 shares a day, 49.4% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 24 Jul

Revenue
₹1,217 Crdown 0.01%
Net profit
₹47 Crdown 16.19%
Net margin
3.9%

Revenue by year

Net profit by year, a loss in red

The years either side of a change of basis do not compare. From the year to Mar 2025, the company reports a discontinued business.

₹ croreSep 2024Filed 25 OctDec 2024Filed 20 FebMar 2025Filed 16 JunJun 2025Filed 1 AugSep 2025Filed 26 DecDec 2025Filed 27 JanMar 2026Filed 1 MayJun 2026Filed 24 Jul
Revenue1,0541,0749471,0159081,0991,2171,217
Net profit19010020012−9145647
Net margin–9.3%21.1%1.2%−1.0%1.2%4.6%3.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Sep 2024: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Business segments

In the year to Mar 2026 the company reports one business segment, FORGINGS, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 91% of 2,036 trading days since Jun 2017.

LowestHighest
Its median32.7Industry median23.0
Price to book

At or below today's level on 60% of 1,863 trading days since Nov 2018.

LowestHighest
Its median3.1Industry median2.5
EV to EBITDA18.4

At or below today's level on 76% of 1,863 trading days since Nov 2018.

LowestHighest
Its median13.3Industry median13.1
Dividend yield

At or below today's level on 30% of 2,477 trading days over the last 10 years.

LowestHighest
Its median0.21%Industry median0.63%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−39.4%−82.7%+248.8%0.2%
3 years+18.0%−36.5%+85.4%0.3%
5 years+35.2%+25.2%+7.7%0.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the years to Mar 2025 and Mar 2026.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters40.93%
  • Foreign institutions17.05%
  • Indian institutions5.73%
  • Individuals and others36.11%
  • Employee trusts0.19%
Holder
RIDDHI PORTFOLIO PRIVATE LIMITEDPromoter34.10%
MAA CHANDI FINANCIAL ADVISORY SERVICES (P) LTDCompanies3.50%
CHAITANYA JALANPromoter3.47%
LATA BHANSHALIResident individuals, over ₹2 lakh at face value2.84%
AKASH BHANSHALIResident individuals, over ₹2 lakh at face value2.18%
BLUE DAIMOND PROPERTIES PVT LTDCompanies1.55%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

The filing reports 43,75,000 of its 18,55,70,017 shares locked in.

Mutual funds holding it

50 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 41 of the 42 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings

Bought for the first time
3
Added
12
Cut
30
Held unchanged
4
Fund
Old Bridge Mutual Fund logoOld Bridge Focused FundOld Bridge Mutual Fund28,09,0004.34%₹197.3 Cr
Nippon India Mutual Fund logoNippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund1,59,1230.32%₹11.2 Cr
HDFC Mutual Fund logoHDFC Nifty Smallcap 250 ETFHDFC Mutual Fund1,24,8630.32%₹8.77 Cr
The Wealth Company Mutual Fund logoThe Wealth Company Flexi Cap FundThe Wealth Company Mutual Fund87,0002.56%₹6.11 Cr
SBI Mutual Fund logoSBI Nifty Smallcap 250 Index FundSBI Mutual Fund80,8310.32%₹5.68 Cr
ITI Mutual Fund logoITI Bharat Consumption FundITI Mutual Fund65,6701.32%₹4.61 Cr
Motilal Oswal Mutual Fund logoMotilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund57,3380.32%₹4.03 Cr
ITI Mutual Fund logoITI Balanced Advantage FundITI Mutual Fund48,6731.07%₹3.42 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund36,2440.32%₹2.55 Cr
HDFC Mutual Fund logoHDFC Nifty Smallcap 250 Index FundHDFC Mutual Fund34,7590.32%₹2.44 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Auto Components & Equipments, 155 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Ramkrishna Forgings in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Amara Raja Energy & Mobility logoAmara Raja Energy & MobilityARE&M12,57813.61.68.2+12.7%+7.2%11.9%10.9%1.54%
Lumax Auto Technologies logoLumax Auto TechnologiesLUMAXTECH12,32138.010.218.3+33.3%+72.8%30.2%21.6%0.30%
Varroc Engineering logoVarroc EngineeringVARROC11,67759.26.614.3+14.7%+47.3%11.8%20.4%0.20%
JBM Auto logoJBM AutoJBMA11,52151.47.519.8+12.5%+9.2%15.5%12.1%0.17%
ASK Automotive logoASK AutomotiveASKAUTOLTD10,85834.38.320.1+27.9%+23.2%26.9%23.0%0.34%
Banco Products (I) logoBanco Products (I)BANCOINDIA7,98716.24.711.7+21.6%+14.3%33.1%26.9%4.12%
Pricol logoPricolPRICOLLTD7,67928.76.116.0+43.3%+56.4%23.6%23.0%0.32%
Steel Strips Wheels logoSteel Strips WheelsSSWL7,37234.74.114.8+19.9%+5.3%12.4%15.6%0.32%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹2.00 a share, years to Mar 2023, Mar 2024 and Mar 2025.
Ex-dateTypePer share
8 May 2026Interim₹1.00
6 Jun 2025Interim₹1.00
31 Oct 2024Interim₹1.00
10 May 2024Interim₹1.00
30 Oct 2023Interim₹1.00
9 May 2023Interim₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Ramkrishna Forgings share price by year

Each calendar year to 2025.Ramkrishna Forgings share price history

YearClose at year endChangeHighest closeLowest close
2025523.15−41.5%990.40477.95
2024893.85+23.2%1,047.90618.75
2023725.70+176.0%800.45247.55
2022262.90+38.4%273.10147.25
2021189.94+98.2%242.2394.69
202095.83+25.8%102.2127.78
201976.18−29.1%108.8753.24
2018107.52−37.5%173.56101.88
2017172.06+203.8%172.0659.99
201656.63−46.2%104.3654.90
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026612.00614.40585.00591.10591.725,90,94848.6%
22 Oct 2026630.50632.55608.00614.50619.354,70,01346.8%
21 Oct 2026680.00681.70628.10635.75646.7410,10,21451.9%
19 Oct 2026691.00700.80678.35685.00691.763,75,98650.6%
16 Oct 2026679.75694.40675.00691.45687.414,63,54748.1%
15 Oct 2026692.10693.45675.50678.10683.143,05,87252.3%
14 Oct 2026695.05703.50686.55696.75696.743,60,34553.5%
13 Oct 2026694.00703.45683.50698.65691.603,06,96135.4%
12 Oct 2026688.95699.20685.00693.60693.112,73,05344.7%
9 Oct 2026696.00705.40678.55685.45689.986,44,45349.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
14 Mar 2022Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

About Ramkrishna Forgings

Ramkrishna Forgings Limited makes forged and machined components, and also makes castings. It manufactures through cold forging, warm forging and hot forging, and runs ring rolling and press forging lines. Its customers are vehicle makers and their first-tier suppliers in India and abroad. The company is headquartered in Kolkata.

Its components go to commercial vehicles, passenger vehicles, railways, mining, earth moving and farm equipment, oil and gas, and industrial users. Castings are made mainly through its subsidiary Ramkrishna Casting Solutions Limited.

The company operates 20 manufacturing facilities. In India they are in Jharkhand, West Bengal, Haryana and Pune, and it also has a machining plant in Mexico. It has a presence in Europe, North America and Asia, and a wholly-owned subsidiary in the USA. A 51% holding in Ramkrishna Titagarh Rail Wheels Limited is accounted for as a joint arrangement, and that business has not yet started commercial production.

It was incorporated in 1981. The Mexican plant came through an acquisition completed in August 2024. A wholly-owned subsidiary, ACIL Limited, was amalgamated into the company with effect from 9 May 2025. In March 2026 two further subsidiaries, Multitech Auto Private Limited and Mal Metalliks Private Limited, ceased to be subsidiaries after being merged into Ramkrishna Casting Solutions Limited. Riddhi Portfolio Private Limited is a promoter of the company. A promoter is the person or group that set up a company or controls it.

Legal name
Ramkrishna Forgings Limited
NSE symbol
RKFORGE
BSE code
532527
ISIN
INE399G01023
Industry
Auto Components
Listed
May 2004
Face value
₹2
CIN
L74210WB1981PLC034281
Corporate identity number, the registrar of companies' code for it