RKFORGE
Ramkrishna Forgings Limited
NSE BSELast Traded Price
₹716
-7.2 (-1%)
Open
₹720
High
₹723.4
Low
₹699.5
Prev Close
₹723.2
Industry
Auto Components & Equipments
Market Cap
13238.57 Cr
Filing History
Recent corporate announcements and filings for RKFORGE
Ownership
Neutral
2026-11-09 16:58
Riddhi Portfolio Pvt. Ltd., along with Persons Acting in Concert (PAC), acquired 50,000 equity shares of Ramkrishna Forgings Limited from the open market on November 8, 2026. - The total holding of the acquirer and PAC increased from 40.98% (7,60,44,606 shares) to 41.01% (7,60,94,606 shares) of the total voting capital.
Ownership
Positive
2026-11-09 16:58
- Riddhi Portfolio Private Limited, part of the promoter group, acquired 50,000 equity shares of Ramkrishna Forgings Limited via open market on November 8, 2026.
- Post-acquisition, the total shareholding of the promoter and PAC group increased from 40.98% (7,60,44,606 shares) to 41.01% (7,60,94,606 shares).
Ownership
Neutral
2026-11-07 15:06
- Riddhi Portfolio Private Limited, a promoter group entity, acquired 1,00,000 equity shares (0.05% stake) of Ramkrishna Forgings Limited from the open market on 6 November 2026.
- Post-acquisition, the total shareholding of the promoter and PAC group increased from 40.93% (7,59,44,606 shares) to 40.98% (7,60,44,606 shares).
Ownership
Neutral
2026-11-07 15:06
- Riddhi Portfolio Private Limited acquired 1,00,000 equity shares of Ramkrishna Forgings Limited from open market on 6 November, 2026.
- Total shareholding of the acquirer and PAC increased from 40.93% (7,59,44,606 shares) to 40.98% (7,60,44,606 shares) post acquisition.
Business Update
Positive
2026-11-06 16:22
Current Scenario & Performance
- Q2 FY27 consolidated revenue reached ₹1,405 Cr, up 54.9% YoY, driven by healthy domestic demand and international recovery.
- EBITDA stood at ₹256 Cr with margins improving to 18.23% vs 13.5% in Q2 FY26.
- Secured new orders worth ₹673 Cr across CV, LV, EV, and Farm Equipment, including ₹447 Cr in casting.
Management Guidance & Outlook
- Reaffirmed guidance to reduce total debt by ₹500 Cr in FY27 (achieved ₹126 Cr reduction in H1 FY27).
- Expects continuous margin expansion of 30-50 bps QoQ to progress towards peak margins.
- Targets FY27 ROCE of 12%-15% with an aspiration of 20% in FY28.
- Expects to supply 20,000-25,000 wheels in FY27 from the railway wheels JV.
Capex & Investments
- Revised full-year FY27 capex to ~₹550 Cr across the group (~₹160 Cr in H2 FY27 for machining and value-add capacity).
- Remaining investment of ₹50-55 Cr in the wheels JV to be completed over the next year.
Growth Drivers
- Expansion into non-ferrous forgings/castings (aluminum, titanium, Inconel) for aerospace, robotics, and semiconductor sectors.
- Passenger vehicle (PV) segment expected to drive 10%+ growth over the next two years.
Governance
Neutral
2026-11-03 16:21
- Ramkrishna Forgings Limited Employee Welfare Trust approved the transfer of 1,000 equity shares to an employee pursuant to the RKF Limited Employee Stock Option Scheme 2023.
- Date of transfer: 3 November 2026.
- Exercise price per share: ₹556 (Face value: ₹2, Premium: ₹554).
- Beneficiary: Mr. Pawan Kumar Kedia.
Routine
Neutral
2026-11-03 13:55
Ramkrishna Forgings Limited has issued a communication to shareholders regarding Tax Deduction at Source (TDS) on the 1st Interim Dividend for FY 2026-27.
- The Board declared an interim dividend of ₹2.00 per equity share (100%) on October 30, 2026.
- Record date for the interim dividend is fixed as Friday, November 6, 2026.
- Shareholders are requested to submit necessary tax exemption documents and update PAN-Aadhaar linking and bank details on the RTA portal by November 6, 2026, to avoid higher TDS deductions.
Business Update
Neutral
2026-10-31 12:10
- Ramkrishna Forgings has shared the audio recording link for its Q2 & H1 FY27 Earnings Conference Call.
- The conference call was held on Friday, 30 October 2026 at 6:00 P.M. IST.
- The audio recording is accessible on the company's official website.
Financials
Positive
2026-10-30 20:08
Q2 FY27 Consolidated Revenue ₹1,405Cr vs ₹908Cr (▲55% YoY)
EBITDA ₹256Cr vs ₹123Cr (▲109% YoY)
PAT ₹71Cr vs -₹10Cr (▲810% YoY)
EBITDA Margin 18.2% vs 13.5% (▲473bps)
Business Update
Positive
2026-10-30 17:02
Q2 FY27 Consolidated Revenue ₹1,405Cr vs ₹908Cr (▲55% YoY)
EBITDA ₹256Cr vs ₹123Cr (▲108% YoY)
PAT ₹96Cr vs ₹-5Cr (▲NM)
EBITDA Margin 18% vs 14% (▲400bps)
Company secured new contracts worth ₹673 crore in Q2 FY27 across various segments, strengthening order visibility.
Management highlighted strong domestic demand, improving international markets, and focus on operational efficiencies as growth drivers.
Governance
Positive
2026-10-30 16:51
- Declared 1st Interim Dividend of ₹2 per share; Record date is November 6, 2026.
- Appointed Mr. Subir Chakraborty and Mr. Anurag Vohra as Independent Directors for a 5-year term.
- Approved additional equity investment of ₹56.76 Cr in JV Ramkrishna Titagarh Rail Wheels Ltd.
- Altered MOA to expand into aerospace, defense, drones, and semiconductors.
Financials
Positive
2026-10-30 16:45
- Declared 1st Interim Dividend of ₹2 per share for FY27; Record date set as 06 November 2026.
- Approved additional equity investment of ₹56.76 Cr in JV Ramkrishna Titagarh Rail Wheels Ltd.
- Appointed Subir Chakraborty and Anurag Vohra as Independent Directors for 5 years.
- Altered MOA to enter aerospace, defense, and semiconductors.
Financials
Positive
2026-10-30 16:39
- Declared 1st Interim Dividend of ₹2 per equity share (face value ₹2) for FY 2026-27; Record Date is 6 November 2026.
- Approved additional equity investment of ₹56.76 Crore in JV Ramkrishna Titagarh Rail Wheels Limited.
- Appointed Mr. Subir Chakraborty and Mr. Anurag Vohra as Independent Directors for 5 years.
- Altered MOA objects clause to expand into aerospace, defense, and semiconductor segments.
Financials
Neutral
2026-10-30 16:29
- Ramkrishna Forgings Limited submitted financial results for the period ended September 30, 2026.
- Detailed financial statements were not provided in the filing extract.
Governance
Neutral
2026-10-29 15:24
- Ramkrishna Forgings Limited approved the grant of 5,50,000 Employee Stock Options (ESOPs) to eligible employees under the RKF Limited Employee Stock Option Scheme 2023.
- The exercise price is set at ₹598 per option, reflecting a discount of around 10% on the previous 15 days average closing market price.
- Vesting period ranges from 1 to 4 years (25% each year), with an exercise period of up to 4 years from the date of vesting.
Business Update
Neutral
2026-10-27 17:25
Concall Schedule
Concall Date: 30 October 2026
Concall Time: 6:00 PM IST
Governance
Positive
2026-10-27 17:15
- Board Meeting scheduled on October 30, 2026, to consider Q2 FY27 financial results and 1st Interim Dividend for FY 2026-27.
- Record Date for 1st Interim Dividend fixed as November 06, 2026, subject to Board approval.
- Trading window remains closed until 48 hours after financial results announcement.
Business Update
Neutral
2026-10-05 17:59
Ramkrishna Forgings Limited has informed about a scheduled plant visit for institutional investors and analysts.
- Plant Visit Date: Friday, 9 October, 2026
- Time: 11:00 AM onwards
- Location: Jamshedpur
- Mode: In-person (Physical)
Governance
Neutral
2026-09-29 13:49
- Ramkrishna Forgings Limited has approved the grant of 57,340 Employee Stock Options (ESOPs) to eligible employees under the RKF Limited Employee Stock Option Scheme 2023.
- The exercise price is set at ₹532 per option, reflecting a 25% discount on the previous 15 days' average closing market price on NSE.
- Options vest equally over four years (25% each year) and are exercisable within four years from the respective vesting date.
Ownership
Positive
2026-09-24 14:00
- Ramkrishna Forgings Limited approved the allotment of 34,00,000 equity shares upon the conversion of warrants allotted on a preferential basis.
- The shares are allotted to Mr. Chaitanya Jalan (Promoter) at an issue price of ₹588/- each.
- Received balance payment of ₹149,94,00,000/- (75% of the issue price).
- Post-allotment, the paid-up equity share capital increased to ₹37,11,40,034/- consisting of 18,55,70,017 fully paid-up equity shares of ₹2/- each.
Business Update
Neutral
2026-09-23 10:45
- Concall Schedule
- Concall Date: 28 September, 2026
- Concall Time: 11:00 A.M. onwards
Business Update
Positive
2026-09-22 11:02
- Ramkrishna Forgings Limited received an ESG score of 60 from CRISIL ESG Ratings & Analytics Limited, based on publicly available information.
- The company did not engage CRISIL for this rating.
Ownership
Neutral
2026-09-21 17:11
- Shareholders approved the reclassification of MAA Chandi Financial Advisory Services Private Limited (formerly Promoter Group) to 'Public' category. - This entity holds 65,00,000 shares, representing 3.57% of the equity capital.
Governance
Positive
2026-09-21 17:04
- Resolution for the reclassification of Maa Chandi Financial Advisory Services Private Limited (a member of the Promoter Group) to the 'Public' category has been passed with requisite majority.
- 93.81% of total valid votes were cast in favor of the resolution.
- The postal ballot e-voting was conducted from August 21, 2026, to September 19, 2026.
Business Update
Positive
2026-09-18 16:38
- Ramkrishna Forgings Limited disclosed an independently assigned ESG score of 61.26 by Niche Ninety-Nine Capability and Certifications (OPC) Private Limited.
- The company confirmed it did not engage the agency for this rating, which was based on publicly available information.
Business Update
Neutral
2026-09-16 20:38
- Schedule of Analysts/Institutional Investors Meet:
- Monday, 21 September, 2026, 10:00 A.M. onwards (Group Meeting)
- Tuesday, 22 September, 2026, 10:00 A.M. onwards (Physical Group Meeting in Mumbai)
- Wednesday, 23 September, 2026, 10:00 A.M. onwards (Group Meeting)
- No unpublished price sensitive information or presentation will be shared during the meetings.
Business Update
Neutral
2026-09-15 18:13
- Ramkrishna Forgings Limited to host an in-person plant visit for institutional investors/analysts on Monday, September 21, 2026, from 1:00 P.M. onwards in Jamshedpur.
- No unpublished price sensitive information will be shared, and no presentation will be made.
Business Update
Neutral
2026-09-11 18:41
- Concall Schedule
- Concall Date: 17 September, 2026
- Meeting Type: Group Meeting, Virtual with Analyst/Institutional Investors
- No unpublished price sensitive information will be shared during the meeting.
Business Update
Neutral
2026-09-08 12:21
- Ramkrishna Forgings Limited disclosed an ESG score of 60 assigned by ESG Risk Assessments & Insights Limited, based on publicly available information. The company clarified it did not engage the agency for this independent assessment.
Ownership
Neutral
2026-09-05 15:26
- Ramkrishna Forgings Limited allotted 1,200 equity shares to Mr. Pawan Kumar Kedia under the ESOP Scheme 2023 on September 5, 2026.
- The shares have a face value of Rs. 2/- and an exercise price of Rs. 556/- per share.
Governance
Neutral
2026-08-20 18:16
- Ramkrishna Forgings Limited issued a Postal Ballot Notice to seek shareholder approval for the reclassification of MAA Chandi Financial Advisory Services Private Limited, a promoter group entity, from 'Promoter and Promoter Group' to 'Public' category.
- The 'Outgoing Promoter' holds 3.57% of the total paid-up equity share capital.
- Post reclassification, the Promoter & Promoter Group shareholding (fully diluted) will reduce from 44.35% to 40.86%, while Public shareholding will increase from 55.46% to 58.95%.
- E-voting commences on Friday, August 21, 2026, at 09:00 A.M. (IST) and concludes on Saturday, September 19, 2026, at 05:00 P.M. (IST).
- Results of the postal ballot will be declared on or before Tuesday, September 22, 2026.
Ownership
Neutral
2026-08-19 14:32
- Ramkrishna Forgings Limited submitted an Auditor's Certificate from S.K. Naredi & Co. LLP, confirming compliance with SEBI ICDR Regulation 169(5).
- It verifies the receipt of consideration for preferential convertible warrants, issued on 14th August 2025 at an issue price of Rs. 2,100/- each, covering both application and exercise amounts.
Ownership
Neutral
2026-08-06 12:58
- Ramkrishna Forgings Limited received No-Objection Letters from NSE and BSE on August 05, 2026.
- This permits the reclassification of Maa Chandi Financial Advisory Services Private Limited (formerly Ramkrishna Rail and Infrastructure Private Limited).
- The reclassification moves the entity from the 'Promoter and Promoter Group' category to the 'Public' category.
Governance
Neutral
2026-08-05 19:00
- 44th Annual General Meeting (AGM) for FY 2025-26 scheduled for Saturday, 29 August 2026 at 11:30 A.M. via VC/OAVM.
- Agenda includes adoption of financial statements, re-appointment of Directors (Mr. Chaitanya Jalan, Mr. Milesh Gandhi) and Mr. Naresh Jalan as Managing Director.
- Shareholders to approve ₹510 Lakhs in excess remuneration for Directors for FY 2025-26.
- Mr. Chaitanya Jalan's designation to change from Whole-time Director to Joint Managing Director.
Business Update
Positive
2026-07-30 16:22
- FY27 export growth targeted at 20%+; aiming for 35% of revenue from exports.
- Net debt reduced by ₹100 Cr in Q1 FY27 to ₹1,900 Cr; target to reduce by ₹500 Cr for FY27, reaching ₹1,500 Cr by year-end.
- FY27 capex guidance of ₹350 Cr.
- FY27 ROCE target of 12-15%, with a target of 20% ROCE for FY28.
- Targeting ₹8,000 Cr turnover by FY29, implying 22-25% CAGR over the next three years.
- Rail Wheel plant trial production started, with bulk production expected by September/October 2026.
- Mexico project production started, with significant revenue contribution expected from Q3 FY27.
- Venturing into new product lines for aerospace, robotics, and semiconductors (aluminum already in production, titanium/Inconel expected in 8-10 quarters).
- Gross margin of 54% is sustainable and expected to improve.
Financials
Positive
2026-07-27 17:06
- Consolidated Revenue ₹1,217Cr vs ₹1,015Cr (▲19.8% YoY)
- EBITDA ₹218Cr vs ₹149Cr (▲47.0% YoY)
- PAT ₹47Cr vs ₹12Cr (▲297.6% YoY)
- EBITDA Margin 17.96% vs 14.64% (▲332bps)
- Company announced a capex of ₹170 crores for manufacturing components for passenger vehicles and expanding forging capacity.
Business Update
Neutral
2026-07-25 12:08
- Audio link for the Q1 FY27 Earnings Conference Call with Analysts/Investors is available.
- The call was conducted on July 24, 2026, at 4:30 P.M. (IST).
- The audio link can be accessed on the company's website.
Financials
Positive
2026-07-24 14:54
- Standalone Operating Revenue ₹1,097.22 Cr vs ₹936.69 Cr (▲17.14% YoY)
- Standalone EBITDA ₹193.27 Cr vs ₹134.77 Cr (▲43.41% YoY)
- Standalone PAT ₹52.18 Cr vs ₹21.51 Cr (▲142.58% YoY)
- Standalone EBITDA Margin 17.61% vs 14.39% (▲322bps)
- Capital expenditure of ₹170.52 Cr approved for 8,800 MT capacity addition by Sep 2027, for passenger vehicles and forging capacity expansion.
- Mr. Chaitanya Jalan re-designated from Whole-Time Director to Joint Managing Director, effective July 24, 2026, subject to shareholder approval.
Routine
Neutral
2026-07-24 14:43
New Filing detected. See link for details.
Routine
Neutral
2026-07-24 14:21
New Filing detected. See link for details.
Business Update
Neutral
2026-07-17 15:41
- Concall Schedule
- Concall Date: July 24, 2026
- Concall Time: 4:30 PM IST
Ownership
Neutral
2026-06-30 16:35
- The trading window for dealing in company securities by Designated Persons and their immediate relatives will close from Wednesday, July 1, 2026.
- It will remain closed until 48 hours after the declaration of the Un-audited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026.
Governance
Neutral
2026-06-25 19:29
- Company clarified observations from NSE regarding financial results submitted on June 1, 2025.
- Addressed queries about missing SEBI_MD/CEO signature by confirming authorized Whole-Time Director signed the audit qualifications statement as per Regulation 33(2).
- Explained submission delay by stating the board meeting concluded on a non-trading Sunday, and results were filed within 3 hours as per Regulation 30.
Routine
Neutral
2026-06-09 17:13
New Filing detected. See link for details.