| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,217 | 1,015 | +19.8% |
| EBITDA | 218 | 149 | +47.0% |
| EBITDA margin | 18.0% | 14.6% | +3.3 pts |
| Profit before tax | 65.3 | 17.3 | +277.3% |
| Net profit | 46.9 | 11.8 | +297.7% |
| EPS | ₹2.58 | ₹0.65 | +296.9% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 11,789 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 166 | 166 | 24.9 | 225 | 44.5 | ||
| 2,335 | 2,335 | 2,013 | 1,118 | 1,307 | ||
| 13,958 | — | — | — | — | ||
| 4,439 | 4,238 | 4,034 | 3,955 | 3,193 | ||
| — | +5.1% | +2.0% | +23.9% | — | ||
| 713 | 643 | 560 | 840 | 692 | ||
| 16.1% | 15.2% | 13.9% | 21.2% | 21.7% | ||
| 360 | 310 | 288 | 582 | 491 | ||
| 107 | 71.8 | 415 | 341 | 248 | ||
| 2.4% | 1.7% | 10.3% | 8.6% | 7.8% | ||
| ₹5.89 | ₹3.96 | ₹22.87 | ₹18.82 | ₹13.67 | ||
| — | −82.7% | +21.6% | +37.6% | — | ||
| — | 840 | 32.5 | 621 | 745 | ||
| — | −925 | −977 | −589 | −357 | ||
| −85.3 | −85.3 | −944 | 31.9 | 389 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 11,788.7 | |
| - Cash, Equiv & ST Investments | 44.5 | 225.2 | 24.9 | 165.8 | 165.8 | |
| + Total Debt | 1,307.3 | 1,118.4 | 2,012.8 | 2,335.0 | 2,335.0 | |
| Enterprise Value | — | — | — | — | 13,958.0 | |
| Revenue | 3,192.9 | 3,954.9 | 4,034.1 | 4,238.1 | 4,439.5 | |
| Growth %, YoY | — | +23.9 | +2.0 | +5.1 | — | |
| EBITDA | 692.3 | 840.0 | 559.6 | 642.7 | 712.6 | |
| Margin % | 21.68 | 21.24 | 13.87 | 15.16 | 16.05 | |
| EBIT | 490.7 | 582.5 | 288.3 | 309.8 | 359.9 | |
| Net Income | 248.1 | 341.4 | 415.0 | 71.8 | 106.9 | |
| Margin % | 7.77 | 8.63 | 10.29 | 1.69 | 2.41 | |
| EPS, Adj (current shares) | 13.67 | 18.82 | 22.87 | 3.96 | 5.89 | |
| Growth %, YoY | — | +37.6 | +21.6 | -82.7 | — | |
| Cash from Operations | 745.3 | 621.1 | 32.5 | 839.8 | — | |
| Capital Expenditures | -356.8 | -589.1 | -976.9 | -925.1 | — | |
| Free Cash Flow | 388.5 | 31.9 | -944.3 | -85.3 | -85.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ramkrishna Forgings (NSE: RKFORGE) had a market capitalisation of ₹12,224 crore at the 29 October 2026 close (₹672.20 a share), a PE ratio of 114.4 on the last four quarters' profit and a price-to-book ratio of 3.72. In FY26 its consolidated net profit was ₹71.8 crore on revenue of ₹4,238 crore; in Q1 FY27 (April–June 2026) it was ₹46.9 crore, up 297.7% year on year. Its debt-to-equity ratio was 0.71 on 31 March 2026. Promoters held 40.93% of the shares on 30 September 2026.
Ramkrishna Forgings' PE ratio is 114.4 at the 29 October 2026 close (₹672.20 a share): a market capitalisation of ₹12,224 crore divided by consolidated net profit of ₹107 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹71.8 crore) it is 170.3.
Ramkrishna Forgings' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,290 crore on 31 March 2026, up 8.3% from ₹3,037 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,224 crore at the 29 October 2026 close.
Ramkrishna Forgings' book value per share was ₹180.94 on 31 March 2026: shareholders' equity of ₹3,290 crore divided by the 18.19 crore shares in issue, up 7.8% from ₹167.78 a year earlier. The share price at the 29 October 2026 close was ₹672.20.
Ramkrishna Forgings' price-to-book (PB) ratio is 3.72 at the 29 October 2026 close: a market capitalisation of ₹12,224 crore divided by shareholders' equity (book value) of ₹3,290 crore on 31 March 2026. That is a book value of ₹180.94 per share against a share price of ₹672.20.
In FY26, Ramkrishna Forgings' return on equity (ROE) was 2.3% and its return on capital employed (ROCE) was 6.6%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.5% and ROCE 7.2%.
Ramkrishna Forgings' dividend yield is 0.15% at the 29 October 2026 close: dividends of ₹1 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹672.20. They were ₹1 on 8 May 2026 (interim).
Ramkrishna Forgings' market capitalisation was ₹12,224 crore at the 29 October 2026 close: 18.19 crore shares at ₹672.20 each.
No. Ramkrishna Forgings had borrowings of ₹2,335 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.71. Its cash and current investments were ₹166 crore, so its net debt was ₹2,169 crore.
In 2026, Ramkrishna Forgings has declared one dividend: ₹1 (interim) with record date 8 May 2026.
Ramkrishna Forgings' debt-to-equity ratio was 0.71 on 31 March 2026: borrowings of ₹2,335 crore against total equity of ₹3,290 crore. A year earlier, on 31 March 2025, it was 0.66.
Ramkrishna Forgings' basic earnings per share (EPS) were ₹3.97 in FY26, against ₹22.95 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹5.89.
Promoters held 40.93% of Ramkrishna Forgings on 30 September 2026, down 2.46 percentage points from 43.39% the previous quarter and down 2.20 percentage points from 43.13% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Ramkrishna Forgings' shares were held by promoters 40.93%, foreign portfolio investors (FII/FPI) 17.05%, domestic institutions (DII) 5.73% (including mutual funds at 1.99%) and retail and other non-institutional investors 36.11%. Over the year, FII holding was down 5.66 percentage points from 22.71% and DII holding was up 2.23 percentage points from 3.50%.
In FY26, Ramkrishna Forgings generated ₹840 crore of cash from operations and spent ₹925 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹85.3 crore. In FY25 it was −₹944 crore.
At the 29 October 2026 closing prices, on FY26 net profit, Ramkrishna Forgings' PE ratio is 170.3, the highest of the four: Bharat Forge 78.2, Olectra Greentech 45.2 and Motherson Sumi Wiring India 37.9, a peer average of 53.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
Ramkrishna Forgings' latest results are for Q1 FY27 (April–June 2026), filed on 24 July 2026: consolidated net profit ₹46.9 crore, up 297.7% from ₹11.8 crore in Q1 FY26; revenue from operations ₹1,217 crore, up 19.8% year on year.
In FY26 (April 2025–March 2026), Ramkrishna Forgings' consolidated net profit was ₹71.8 crore, down 82.7% from ₹415 crore in FY25, on revenue from operations of ₹4,238 crore (up 5.1%). Over three years, from FY23, net profit was down 71.1%.
Ramkrishna Forgings will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.
On FY26 consolidated figures, against Bharat Forge, Olectra Greentech and Motherson Sumi Wiring India: Ramkrishna Forgings' operating margin of 7.3% is the lowest of the four (Bharat Forge 11.6%, Olectra Greentech 12.3%, Motherson Sumi Wiring India 7.4%; peer average 10.4%); its return on equity of 2.3% is the lowest of the four (Bharat Forge 11.5%, Olectra Greentech 15.6%, Motherson Sumi Wiring India 32.4%; peer average 19.8%); its revenue growth over three years of 9.9% a year is the third highest of the four (Bharat Forge 9.2% a year, Olectra Greentech 28.5% a year, Motherson Sumi Wiring India 17.6% a year; peer average 18.4% a year).
In FY26, Ramkrishna Forgings earned net profit of ₹71.8 crore on revenue of ₹4,238 crore, against ₹1,080 crore on ₹16,812 crore for Bharat Forge. Ramkrishna Forgings' operating margin was 7.3% (Bharat Forge 11.6%) and its return on equity 2.3% (Bharat Forge 11.5%). At the 29 October 2026 close, Ramkrishna Forgings' market capitalisation was ₹12,224 crore against ₹84,453 crore for Bharat Forge, and its PE ratio on FY26 profit 170.3 against 78.2.
From Ramkrishna Forgings' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.