Ramkrishna Forgings cash flow

Latest FY26

Cash from operations: ₹840cr+2,480.0% on FY25
Capital spending: ₹925cr−5.3% on FY25
Free cash flow: −₹85.3cr−₹944 cr in FY25
Cash from financing: ₹235cr−67.7% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	333	271	258	202
	—	210	166	152	120
	—	−4.8	−5.0	−8.1	−1.3
	—	−0.2	−0.9	−5.5	0.0
	—	0.0	13.6	1.9	0.0
	—	−26.4	−22.6	−18.8	−25.9
	—	10.7	−0.2	0.0	−14.7
	—	0.0	−103	0.0	0.0
	—	−11.7	−0.8	0.0	0.0
	—	9.2	−203	−150	−198
	—	211	−190	−37.5	147
	—	0.0	−23.5	−11.0	14.9
	—	3.6	−35.4	0.0	0.0
	—	−39.5	−67.0	−52.2	−1.6
	—	−0.4	−0.7	0.0	0.0
	—	63.0	103	193	185
	—	13.9	5.0	5.0	4.5
	—	0.0	0.0	1.5	0.0
	—	−26.8	18.8	0.0	6.3
	—	2.9	−1.2	2.2	1.2
	—	0.0	−4.4	0.0	0.0
Cash from operating activities
	244	102	148	459	374
	—	748	21.4	330	439
	—	850	169	789	814
	—	0.0	0.0	−23.2	0.0
	—	10.2	137	145	68.3
	—	840	32.5	621	745
Cash from investing activities
	—	924	977	589	357
	—	1.4	0.0	0.0	0.0
	—	46.1	12.7	2.4	1.8
	—	0.0	150	0.0	0.0
	—	0.0	198	0.0	54.5
	—	0.0	0.0	10.0	0.0
	—	0.0	3.0	0.0	0.0
	—	68.9	117	63.7	0.0
	—	0.0	2.0	430	0.0
	—	0.0	122	0.0	0.0
	—	0.0	−0.0	0.0	0.0
	—	8.5	−2.3	8.7	1.2
	—	10.8	−3.0	−35.4	0.0
	—	−929	−916	−1,117	−299
Cash from financing activities
	—	134	11.6	0.0	0.0
	—	67.6	0.0	1,049	0.0
	—	0.0	0.0	0.0	23.6
	—	994	1,279	512	234
	—	696	335	754	532
	—	37.9	28.1	13.9	7.4
	—	198	164	148	114
	—	18.1	36.2	24.4	27.2
	—	−11.0	0.2	4.2	−14.5
	—	235	727	625	−438
	—	146	−157	129	8.4
	—	146	−157	129	8.4
	—	—	—	173	44.5
Reference items
	846	643	560	840	692
	17.1%	15.2%	13.9%	21.2%	21.7%
	−85.3	−85.3	−944	31.9	389
	—	38.9	−214	−305	—
	−₹4.70	−₹4.70	−₹52.04	₹1.76	₹21.41
	—	11.70×	0.08×	1.82×	3.00×
	—	10.2	137	145	68.3
	—	198	164	148	114

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

RKFORGE₹672.20

Ramkrishna Forgings Ltd.

· Auto & Mobility

₹ CrorePeersBHARATFORG OLECTRA MSUMI MINDACORP ZFCVINDIA JKTYRE GABRIEL CRAFTSMANMcap ₹12,197 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	201.6	257.6	271.3	332.9	—
+ Finance Costs	120.2	151.6	165.9	210.3	—
+ Interest Income	-1.3	-8.1	-5.0	-4.8	—
+ Fair Value (Gains) / Losses	0.0	-5.5	-0.9	-0.2	—
+ Share-based Payments	0.0	1.9	13.6	0.0	—
+ Unrealised FX (Gain) / Loss	-25.9	-18.8	-22.6	-26.4	—
+ Other Non-cash Items	-14.7	0.0	-0.2	10.7	—
+ Other — Cash Effects are Investing / Financing	0.0	0.0	-102.8	0.0	—
+ Other Reconciling Items	0.0	0.0	-0.8	-11.7	—
Changes in Working Capital
+ Inventories	-198.2	-150.2	-203.1	9.2	—
+ Trade Receivables — Current	147.2	-37.5	-190.1	211.4	—
+ Other Financial Assets — Current	14.9	-11.0	-23.5	0.0	—
+ Other Financial Assets — Non-current	0.0	0.0	-35.4	3.6	—
+ Other Current Assets	-1.6	-52.2	-67.0	-39.5	—
+ Other Non-current Assets	0.0	0.0	-0.7	-0.4	—
+ Trade Payables — Current	185.0	193.4	102.9	63.0	—
+ Other Financial Liabilities — Current	4.5	5.0	5.0	13.9	—
+ Other Financial Liabilities — Non-current	0.0	1.5	0.0	0.0	—
+ Other Current Liabilities	6.3	0.0	18.8	-26.8	—
+ Provisions — Current	1.2	2.2	-1.2	2.9	—
+ Provisions — Non-current	0.0	0.0	-4.4	0.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	374.4	459.1	147.7	101.9	244.1
+ Total Adjustments (incl. Working Capital)	439.2	329.8	21.4	748.1	—
Cash from Operations (pre-tax)	813.6	788.9	169.1	849.9	—
+ Other Inflows / (Outflows) — Operating	0.0	-23.2	0.0	0.0	—
+ Income Taxes Paid	68.3	144.6	136.5	10.2	—
Cash from Operating Activities	745.3	621.1	32.5	839.8	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	356.8	589.1	976.9	923.7	—
+ Acq of Intangible Assets	0.0	0.0	0.0	1.4	—
+ Disp of Fixed Assets	1.8	2.4	12.7	46.1	—
+ Acq of Investment Property	0.0	0.0	150.0	0.0	—
+ Disp of Investment Property	54.5	0.0	197.5	0.0	—
+ Purchase of Investments (Equity / Debt)	0.0	10.0	0.0	0.0	—
+ Sale of Investments (Equity / Debt)	0.0	0.0	3.0	0.0	—
+ Acq of Interests in Joint Ventures	0.0	63.7	117.3	68.9	—
+ Acq of Subsidiaries / Businesses (net)	0.0	430.3	2.0	0.0	—
+ Disp of Subsidiaries / Businesses (net)	0.0	0.0	121.9	0.0	—
+ Investment in Partnership Firms / LLPs	0.0	0.0	-0.0	0.0	—
+ Interest Received — Investing	1.2	8.7	-2.3	8.5	—
+ Other Inflows / (Outflows) — Investing	0.0	-35.4	-3.0	10.8	—
Cash from Investing Activities	-299.2	-1,117.5	-916.4	-928.6	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.0	0.0	11.6	134.4	—
+ Proceeds from Other Equity Instruments	0.0	1,048.9	0.0	67.6	—
+ Proceeds from Debentures / Notes / Bonds	23.6	0.0	0.0	0.0	—
+ Proceeds from Borrowings	233.8	512.1	1,278.8	994.3	—
+ Repayment of Borrowings	532.3	753.9	335.5	696.2	—
+ Payment of Lease Liabilities	7.4	13.9	28.1	37.9	—
+ Interest Paid	113.8	147.9	164.1	198.0	—
+ Dividends Paid	27.2	24.4	36.2	18.1	—
+ Other Inflows / (Outflows) — Financing	-14.5	4.2	0.2	-11.0	—
Cash from Financing Activities	-437.7	625.0	726.7	235.0	—
Net Changes in Cash (pre-FX)	8.4	128.6	-157.1	146.2	—
Net Changes in Cash	8.4	128.6	-157.1	146.2	—
Closing Cash	44.5	173.1	—	—	—
Reference Items
EBITDA	692.3	840.0	559.6	642.7	846.3
EBITDA Margin %	21.68	21.24	13.87	15.16	17.14
Free Cash Flow (CFO − Capex)	388.5	31.9	-944.3	-85.3	-85.3
Free Cash Flow to Equity	—	-304.9	-214.1	38.9	—
Free Cash Flow per Basic Share	21.41	1.76	-52.04	-4.70	-4.70
Cash Flow to Net Income	3.00	1.82	0.08	11.70	—
Cash Paid for Taxes	68.3	144.6	136.5	10.2	—
Cash Paid for Interest	113.8	147.9	164.1	198.0	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.