UBS has maintained its ‘Buy’ rating on RK Forging (RKFL) with a target price of ₹1,500, citing strong growth potential driven by multiple catalysts. The brokerage expects the company to continue delivering double-digit growth, outperforming its peers.
Key growth drivers highlighted include higher penetration into EVs and aluminium forging, rising contributions from recent acquisitions, and new client additions across the earth-moving, farm equipment, and oil & gas sectors. Additionally, emerging opportunities in the rail segment are anticipated to bolster performance.
UBS believes that consensus estimates have not fully accounted for these growth factors, suggesting a potential upside surprise in FY26/27E as these drivers gain traction.
