Ramkrishna Forgings quarterly results and financials

Ramkrishna Forgings (RKFORGE)₹713.40−1.36%(9 Nov 2026 close)Auto Components & Equipments

Key facts

In the Sep 2026 quarter (consolidated), Ramkrishna Forgings reported sales of ₹1,403 Cr, up 54.7% from Sep 2025, and net profit of ₹70.76 Cr. For the year to Mar 2026, sales were ₹4,233 Cr and net profit ₹71.75 Cr.

Sales (Sep 2026): ₹1,403 Cr
Net profit (Sep 2026): ₹70.76 Cr
Sales (FY Mar 2026): ₹4,233 Cr
Net profit (FY Mar 2026): ₹71.75 Cr
EPS (Sep 2026): ₹3.81
Borrowings (Mar 2026): ₹2,441 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Ramkrishna Forgings quarterly results

₹ crore unless stated; each column is a quarter.

Ramkrishna Forgings Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	995	972	958	1,052	1,072	946	1,014	907	1,097	1,216	1,215	1,403
Expenses	778	788	793	889	950	851	875	791	937	1,015	1,001	1,153
Operating Profit	220	188	169	165	126	97.88	142	118	162	203	218	256
OPM %	22.1%	19.1%	18.0%	16.1%	12.0%	10.0%	14.1%	13.0%	15.1%	17.0%	18.0%	18.1%
Other Income	3.99	18.96	10.98	83.76	3.99	10.98	3.99	5.98	−8.98	1.99	2.99	3.99
Interest	39.03	34.02	36.03	39.05	42.01	49.05	49.04	53.04	51.07	57.03	56.99	62.09
Depreciation	68.21	72.24	62.20	60.18	64.14	85.15	80.17	80.21	84.20	88.18	99.29	103
Profit before tax	117	100	80.08	151	24.01	−24.04	17.01	−10.01	18.01	59.04	65.07	95.16
Tax %	25.1%	34.0%	32.0%	7.0%	12.1%	−944.9%	32.1%	−8.0%	25.1%	5.0%	28.0%	26.0%
Exceptional items	1.99	0.99	1.99	81.88	0.00	0.00	0.00	0.00	−7.99	0.00	0.00	0.00
Net Profit	86.66	65.72	54.79	140	20.94	199	11.95	−9.96	13.95	55.81	46.83	70.76
EPS (Rs)	4.81	3.67	3.04	7.73	1.17	11.06	0.66	−0.53	0.76	3.09	2.58	3.81

Ramkrishna Forgings profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Ramkrishna Forgings Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	907	919	1,488	1,929	1,214	1,286	2,316	3,187	3,697	4,028	4,233	4,930
Expenses	728	759	1,204	1,548	1,010	1,067	1,806	2,505	2,937	3,482	3,615	4,106
Operating Profit	181	163	289	386	209	224	518	693	773	560	626	838
OPM %	20.0%	18.1%	19.0%	20.0%	17.1%	17.1%	22.0%	22.0%	21.1%	14.0%	15.0%	17.0%
Other Income	1.99	6.98	3.99	2.99	5.99	4.99	0.99	3.99	35.93	109	1.99	−0.01
Interest	55.06	78.09	73.05	84.10	80.11	81.08	97.06	122	147	167	212	227
Depreciation	53.13	75.15	85.20	121	121	117	169	203	258	271	334	375
Profit before tax	75.10	17.01	135	184	15.01	32.05	253	374	406	231	84.05	237
Tax %	27.1%	33.1%	30.0%	35.1%	34.1%	35.1%	22.0%	34.0%	28.0%	−79.9%	15.1%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	−0.99	0.00	0.00	0.00	7.99	−7.99	−7.99
Net Profit	54.79	10.96	94.65	120	9.96	20.91	197	247	290	414	71.75	187
EPS (Rs)	3.82	0.79	5.83	7.37	0.60	1.30	12.37	15.55	16.13	22.96	3.96	10.24
Dividend payout %	11.0%	26.0%	3.0%	4.0%	0.0%	0.0%	13.9%	12.9%	11.9%	9.0%	24.9%	—

Ramkrishna Forgings balance sheet

₹ crore, at each year end.

Ramkrishna Forgings Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	26.92	28.91	28.93	32.88	32.88	32.88	31.93	31.89	31.89	35.90	35.88	35.87
Reserves	382	441	439	724	838	841	849	1,043	1,286	2,594	2,994	3,244
Borrowings	733	879	954	842	909	989	1,230	1,613	1,329	1,204	2,119	2,441
Other Liabilities	296	330	431	450	415	359	584	781	1,071	1,415	1,357	1,416
Total Liabilities	1,438	1,679	1,852	2,049	2,193	2,222	2,695	3,469	3,717	5,247	6,508	7,136
Fixed Assets	530	944	1,021	1,072	1,111	1,171	1,236	1,469	1,687	2,422	2,983	3,748
CWIP	316	35.01	50.05	44.07	130	219	276	129	91.05	216	499	337
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	54.97	0.00	125	190	241
Other Assets	592	700	780	933	953	832	1,183	1,815	1,939	2,484	2,836	2,812
Inventories	176	220	229	299	332	360	439	711	909	1,055	1,259	1,249
Trade receivables	300	339	445	516	511	343	574	893	777	852	977	796
Cash & equivalents	0.99	1.99	1.99	0.99	2.99	2.99	68.01	37.99	46.99	177	20.01	163
Total Assets	1,438	1,679	1,852	2,049	2,193	2,222	2,695	3,469	3,717	5,247	6,508	7,136

Ramkrishna Forgings cash flow

₹ crore, for each year.

Ramkrishna Forgings Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	43.96	104	144	127	267	253	140	42.93	743	620	32.92	838
Cash from investing activity	−273	−170	−107	−110	−255	−232	−223	−355	−300	−1,121	−916	−932
Cash from financing activity	214	66.91	−36.96	−16.97	−11.99	−21.97	147	280	−438	625	721	235
Net cash flow	−13.99	0.99	−1.01	0.00	0.99	0.99	64.96	−31.01	7.99	129	−157	146
Capex	299	171	109	113	255	228	231	300	357	590	977	925
Free cash flow	−246	−66.83	33.92	14.96	12.96	26.91	−90.73	−255	389	34.91	−930	−38.90
CFO / OP %	45.1%	66.0%	91.0%	52.1%	81.1%	125.0%	63.1%	17.0%	117.0%	99.0%	30.0%	136.0%

Ramkrishna Forgings ratios

Working-capital days and returns, by year.

Ramkrishna Forgings Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	144	135	175	125	95	102	161	139	88	83	87	67
Inventory days	168	205	226	152	130	259	251	250	227	206	229	210
Days payable	151	165	299	155	111	156	249	216	200	200	198	194
Cash conversion cycle	164	178	105	125	117	208	166	176	118	91	121	86
Working capital days	−2	−3	−64	17	21	0	7	47	39	55	20	14
ROCE %	11.1%	10.0%	7.0%	14.1%	16.0%	5.0%	6.0%	15.1%	19.0%	17.1%	7.0%	6.0%

Ramkrishna Forgings: frequently asked questions

What are the latest quarterly results of Ramkrishna Forgings?

For the Sep 2026 quarter, Ramkrishna Forgings reported sales of ₹1,403 Cr, up 54.7% year on year and net profit of ₹70.76 Cr. The operating margin was 18.1%.

What is the annual revenue of Ramkrishna Forgings?

Ramkrishna Forgings' sales for the year to Mar 2026 were ₹4,233 Cr; over the last twelve months they were ₹4,930 Cr.

What is the net profit of Ramkrishna Forgings?

Net profit for the year to Mar 2026 was ₹71.75 Cr, and ₹187 Cr over the last twelve months. Earnings per share over the same trailing period were ₹10.24.

How much debt does Ramkrishna Forgings have?

Ramkrishna Forgings reported borrowings of ₹2,441 Cr at Mar 2026, against cash and equivalents of ₹163 Cr.

What is the free cash flow of Ramkrishna Forgings?

Cash from operations was ₹838 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹38.90 Cr.

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