Ramkrishna Forgings | Business Upturn

Ramkrishna Forgings shares fall over 2% as Q4 net profit drops 72% YoY to Rs 55.93 crore

Aman Shukla — Mon, 04 May 2026 04:00:44 +0000

Shares of Ramkrishna Forgings Ltd declined over 2% after the company reported its Q4 FY26 results.

For the March quarter, the company posted a solid 28.5% year-on-year (YoY) rise in revenue, which came in at ₹1,216.8 crore compared to ₹947.2 crore in the same period last year. The growth reflects healthy demand across its core forging and automotive segments.

Operating performance also improved significantly. EBITDA nearly doubled to ₹208.2 crore from ₹98.5 crore in Q4 FY25, while EBITDA margin expanded to 17.1% from 10.4%. This sharp margin improvement indicates better cost efficiencies and improved product mix.

However, net profit saw a steep decline of 72% YoY, falling to ₹55.93 crore from ₹199.8 crore. The drop was largely due to a one-time tax write-back of ₹223.5 crore recorded in Q4 FY25, which had boosted last year’s profit. Excluding this exceptional item, the profitability trend appears more stable.

Another drag on the bottom line was lower other income, which declined to ₹1.9 crore compared to ₹11.5 crore in the previous year’s quarter.

Ramkrishna Forgings re-appoints Naresh Jalan as Managing Director effective November 2026

Arunika Jain — Fri, 01 May 2026 18:22:16 +0000

Ramkrishna Forgings has announced the re-appointment of Mr. Naresh Jalan as the Managing Director for a three-year term starting 5 November 2026. This decision follows the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the company’s 44th Annual General Meeting.

Mr. Naresh Jalan, who holds a Director Identification Number (DIN) of 00375462, has over 27 years of experience in the forging industry. Under his leadership, Ramkrishna Forgings has achieved significant milestones, establishing itself as a global leader and the second-largest forging player in India by revenue. The company is recognised as a premium supplier in various sectors, including Automotive, Farm Equipment, Oil & Gas, Power, Earth Moving, Mining, Construction, and General Engineering.

Mr. Jalan’s strategic vision has propelled the company into advanced technologies such as Hot Forging, Advanced Machining, and Heat Treatment Facilities. He has been instrumental in the company’s expansion into Warm & Cold forgings and Castings, securing a leadership position across diverse sectors. His relentless pursuit of excellence has led to continuous investment in Greenfield projects, incorporating best-in-class technology and acquisitions, and achieving unprecedented heights in turnover and profitability.

In terms of familial connections within the company, Mr. Naresh Jalan is the son of Mr. Mahabir Prasad Jalan, a Non-Executive Non-Independent Director, and the father of Mr. Chaitanya Jalan, a Whole-time Director.

Additionally, it has been confirmed that Mr. Naresh Jalan is not debarred from holding the office of director by any SEBI order or any other authority, as per the BSE and NSE circulars dated 20 June 2018.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings declares Re 1 interim dividend for FY 2025-26

Arunika Jain — Fri, 01 May 2026 12:45:06 +0000

Ramkrishna Forgings has announced a series of significant decisions following its board meeting held on 15 May 2026. Among the key highlights, the company declared a first interim dividend of Re 1 per equity share for the financial year 2025-26. The dividend, subject to tax deduction at source, will be paid within 30 days from the date of declaration. The record date for the dividend payment has been set for 8 May 2026.

In addition to the dividend announcement, Ramkrishna Forgings approved the audited financial results for the quarter and financial year ended 31 March 2026. The results include both standalone and consolidated statements, along with the statement of assets and liabilities and cash flow statement. The company’s joint statutory auditors, S. R. Batliboi & Co. LLP and S. K. Naredi & Co. LLP, have issued an unmodified opinion report on these financial results.

The board also approved the issuance and allotment of 1,64,413 equity shares to the Ramkrishna Forgings Limited Employee Welfare Trust under the RKF Limited Employee Stock Option Scheme 2023. These shares, with a face value of Rs 2 each, were allotted at a grant price of Rs 556 per share, including a premium of Rs 554 per share.

Furthermore, the company appointed Bijay Kumar & Co. as the cost auditor for the financial year 2026-27, subject to shareholder ratification at the upcoming 44th Annual General Meeting (AGM), scheduled for 29 August 2026. The AGM will be conducted through video conferencing or other audio-visual means.

The board also approved the closure of the register of members and share transfer books from 23 August 2026 to 29 August 2026 for the AGM. Additionally, the company revised its Related Party Transactions Policy and announced the cessation of Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya as independent directors effective 20 May 2026.

Lastly, the board reconstituted several committees, including the Audit Committee, Nomination and Remuneration Committee, and Capital Market Committee, effective 21 May 2026, following the cessation of the independent directors.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings declares interim dividend and increases share capital

Arunika Jain — Fri, 01 May 2026 11:49:21 +0000

Ramkrishna Forgings has declared a first interim dividend of Re. 1 per equity share for the financial year 2025-26. The dividend will be paid within 30 days from the date of declaration, subject to TDS, with a record date set for 8 May 2026.

In addition to the dividend announcement, the company has approved the issue and allotment of 1,64,413 equity shares to the Ramkrishna Forgings Limited Employee Welfare Trust under the RKF Limited Employee Stock Option Scheme 2023. These shares, issued at a grant price of ₹556 per share, include a premium of ₹554 per share. As a result, the company’s paid-up equity share capital has increased from 18,16,70,604 shares to 18,18,35,017 shares.

The board also appointed Bijay Kumar & Co. as the cost auditor for the financial year 2026-27, pending shareholder ratification at the upcoming 44th Annual General Meeting (AGM), scheduled for 29 August 2026.

Furthermore, the company announced the cessation of Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya as independent directors, effective 20 May 2026, following the completion of their second term. Consequently, the board committees have been reconstituted, with Mr. Chetan Desai now chairing the Audit Committee.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings receives 75% of warrant value for convertible warrants

Yash Agarwal — Sat, 11 Apr 2026 10:11:21 +0000

Ramkrishna Forgings Limited has received 75% of the warrant value for its convertible warrants issued on 14 August 2025. The company confirmed this in a certificate issued by its joint statutory auditors, S.K. Naredi & Co. LLP and S.R Batliboi Co. LLP, in compliance with Regulation 169(5) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The auditors’ certificate confirms the receipt of the amount payable on conversion for preferential convertible warrants. As per the scheme, 25% of the warrant value was payable on or before 14 August 2025, with the remaining 75% due upon exercising the right attached to the warrants by the allottee.

The warrants, each convertible into one equity share with a face value of ₹2, carry a premium of ₹2,098 each. The company issued a total of 975,000 convertible warrants at an issue price of ₹2,100 each, authorised by a special resolution passed by the company’s members on 28 June 2025.

The auditors verified the receipt of the 25% application money amounting to ₹51.18 crore by checking the company’s bank statement for August 2025. They also confirmed the receipt of the balance 75% money at ₹1,575 per warrant for 640,000 warrants exercised by the promoter, tracing the transactions in the company’s bank statement from 1 March 2026 to 31 March 2026.

The management of Ramkrishna Forgings is responsible for maintaining necessary accounting records and ensuring compliance with the terms and conditions of the ICDR Regulations. The auditors’ scope did not include verifying compliance with other regulatory requirements or performing audit tests on the company’s financial information.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings begins commercial production of Rs 249 crore horizontal casting line

Business Desk — Tue, 31 Mar 2026 12:58:18 +0000

Ramkrishna Forgings has commenced commercial production of its new horizontal casting line, DISA FLEX 80, with a production capacity of 28,800 metric tonnes per annum. The facility, located at Plant VIII in Jharkhand, began operations on 31 March 2026.

The investment for the new casting line amounts to ₹249 crore, financed through a combination of debt and internal accruals. This strategic expansion is aimed at enhancing the company’s capabilities in the automotive casting sector, allowing it to offer a comprehensive range of products to existing and new customers in the casting segment.

The new casting line is designed to meet high-quality standards and cater to specific customer requirements, marking a significant step in Ramkrishna Forgings‘ growth strategy. The company currently had no existing capacity in casting, making this addition a crucial development in its operational capabilities.

The details of this development have been disclosed under Regulation 30 of the SEBI LODR Regulations, 2015, and are available on the company’s website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings appoints Chetan Desai as independent director from April 2026

Arunika Jain — Fri, 27 Mar 2026 10:51:54 +0000

Ramkrishna Forgings has announced the appointment of Chetan Rameshchandra Desai as a Non-Executive, Independent Director for a five-year term starting from 29 April 2026. This decision was made during the company’s board meeting held on 27 March 2026.

Mr. Desai, aged 75, brings with him extensive experience in corporate governance, regulatory compliance, corporate laws, accounting, and auditing. He is a Chartered Accountant who has spent nearly 50 years in the field, including a significant tenure at M/s. Haribhakti & Co. LLP (HCO), a prominent accounting and strategic consulting firm in India. During his 39 years at HCO, Mr. Desai headed the audit and assurance practice and provided expert opinions on corporate laws and accounting standards.

Following his retirement from HCO in 2018 as its Managing Partner, Mr. Desai has served as an Independent Director on the boards of various companies. His professional career has seen him engage with multinationals, public sector enterprises, and large corporates across multiple sectors.

The board also approved a Postal Ballot Notice to seek shareholder approval for Mr. Desai’s appointment. It was confirmed that Mr. Desai is not debarred from holding office by any order from the Securities and Exchange Board of India (SEBI) or any other authority.

The board meeting commenced at 11:30 A.M. and concluded at 1:45 P.M. The details of the appointment and related information have been made available on the company’s website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings approves vesting of 165,176 ESOPs under 2023 scheme

Yash Agarwal — Thu, 26 Mar 2026 13:16:51 +0000

Ramkrishna Forgings has announced the approval of vesting for 165,176 Employee Stock Options (ESOPs) under the ‘RKF Limited Employee Stock Option Scheme 2023’. The decision was made by the company’s Nomination and Remuneration Committee during a meeting held on March 26, 2026.

The approved vesting includes 164,413 ESOPs at an exercise price of ₹556 per option and 763 ESOPs at an exercise price of ₹687 per option. These options are part of a larger grant, which initially included 807,861 ESOPs granted on February 21, 2024, and an additional 3,051 ESOPs granted on January 16, 2025.

According to the details provided, the vested options must be exercised within a period of four years from the date of vesting. The scheme is in compliance with the SEBI (Share Based Employee Benefits) Regulations, 2021.

The announcement also clarified that the total number of shares covered by these options will not exceed the number of options granted. However, specific details regarding the options exercised, the money realised from the exercise of options, and the total number of shares arising from the exercise were not applicable at this stage.

Ramkrishna Forgings has made this information available on its official website for public access.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings announces cessation of subsidiaries after merger approval

Kinjal — Thu, 26 Mar 2026 11:26:10 +0000

Ramkrishna Forgings has announced the cessation of two of its subsidiaries following the approval of a Scheme of Amalgamation by the National Company Law Tribunal (NCLT), Kolkata Bench. The scheme involves the merger of Mal Metalliks Private Limited and Multitech Auto Private Limited with Ramkrishna Casting Solutions Limited.

The NCLT sanctioned the scheme on 27 February 2026, and the certified order was filed with the Registrar of Companies, Kolkata, on 25 March 2026. Consequently, the scheme became effective from the same date. As a result, both Mal Metalliks and Multitech Auto have been dissolved without winding up and are no longer subsidiaries of Ramkrishna Forgings.

The appointed date for the amalgamation, as per the scheme, is 1 January 2024. This merger aligns with the provisions of Sections 230 to 232 of the Companies Act, 2013, and the rules framed thereunder.

The information regarding the cessation of subsidiaries is available on the official website of Ramkrishna Forgings.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ramkrishna Forgings shares jump 3% as company begins commercial production of new upsetters

Aman Shukla — Fri, 28 Mar 2025 03:54:00 +0000

Ramkrishna Forgings’ shares jumped 3% on March 28 after the company commenced commercial production of the NATIONAL 5” UPSETTER and DEFRIS 2½” UPSETTER at its Mouza Dugni facility in Saraikella, Kharswan. The expansion, effective from March 27, 2025, adds 14,250 metric tonnes (MT) to its annual production capacity.

With this addition, the company’s total Hot & Warm Forgings capacity has increased to 2,43,400 MT, while Cold Forgings capacity remains at 25,000 MT. Before the expansion, the company had a Hot & Warm Forgings capacity of 2,29,150 MT, with an 87.22% utilization rate as of December 31, 2024.

The ₹40.85 crore investment, financed through a mix of equity and debt, is part of Ramkrishna Forgings’ long-term growth strategy. This expansion is expected to meet rising customer demand, further strengthening its position in the forgings sector.

Ramkrishna Forgings shares opened at ₹784.95 on Friday, reaching a high of ₹806.30 and a low of ₹784.00. The stock remains volatile, trading significantly below its 52-week high of ₹1,064.05 but above its 52-week low of ₹604.20.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Ramkrishna Forgings begins commercial production of new upsetters, expands capacity

Aman Shukla — Fri, 28 Mar 2025 03:07:52 +0000

Ramkrishna Forgings has commenced commercial production of the NATIONAL 5” UPSETTER and DEFRIS 2½” UPSETTER at its facility in Mouza Dugni, PO Kolabira, Dist. Saraikella, Kharswan. Effective from March 27, 2025, this expansion will enhance the company’s annual production capacity by 14,250 metric tonnes.

With this addition, the company’s total Hot & Warm Forgings Capacity has increased to 2,43,400 MT, while the Cold Forgings Capacity remains at 25,000 MT. Previously, the company’s hot and warm forgings capacity stood at 2,29,150 MT, with an 87.22% utilization rate as of December 31, 2024.

The expansion aligns with Ramkrishna Forgings’ long-term growth strategy, supporting increased demand from its customers. The company has invested approximately ₹40.85 crore in this capacity enhancement, financed through a mix of equity and debt under its capital expenditure plan.

Ramkrishna Forgings’ stock closed at ₹783.00 on Thursday. The stock hit an intraday high of ₹796.90 and a low of ₹770.05. Over the past year, it has ranged between a 52-week high of ₹1,064.05 and a low of ₹604.20.

Ramkrishna Forgings shares jump 3% after revenue rises 7.9% YoY in Q3 FY25

Aman Shukla — Mon, 20 Jan 2025 04:59:30 +0000

Ramkrishna Forgings Ltd. saw a 3% surge in its stock price after reporting a 14.6% YoY rise in net profit for Q3 FY24, reaching ₹99.6 crore, compared to ₹86.9 crore in the same quarter last year. The company’s revenue also grew by 7.9% YoY, hitting ₹1,073.8 crore, up from ₹995.6 crore in Q3 FY23.

Operating EBITDA increased by 5.4% to ₹231.5 crore, with an EBITDA margin of 21.6%, slightly down from 22% in the previous quarter.

Domestic sales volumes grew by 7.02%, while export sales volumes surged by 12.2%. Export revenue jumped 9.8%, highlighting strong international performance.

Ramkrishna Forgings shares opened at ₹984.55, reaching a high of ₹1,020.00 and a low of ₹972.15 during the trading session. Over the past 52 weeks, the stock has seen a high of ₹1,064.05 and a low of ₹602.05. As of 10:31 AM, the shares were trading 2.29% higher at Rs 1,007.05.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Ramkrishna Forgings stock jumps 2% as UBS reiterates ‘Buy’ rating

Aman Shukla — Tue, 19 Nov 2024 04:33:59 +0000

Ramkrishna Forgings shares rose 2% after UBS reaffirmed its ‘Buy’ rating with a target price of ₹1,500.

The brokerage cites strong growth potential driven by key catalysts, including increased penetration in electric vehicles (EVs) and aluminium forging, contributions from recent acquisitions, and new clients in earth-moving, farm equipment, and oil & gas sectors. Additionally, emerging opportunities in the rail segment are expected to boost performance.

UBS anticipates double-digit growth for RKFL, outperforming its peers, and believes consensus estimates have not fully accounted for these growth drivers, indicating potential upside in FY26/27E.

As of 10:02 am, Ramkrishna Forgings shares were trading 1.74% higher at Rs 957.00 on the NSE.

Ramkrishna Forgings to sell 100% stake in Globe All India Services to Yatra Online for Rs 128 crore

Markets Desk — Mon, 02 Sep 2024 06:47:39 +0000

Ramkrishna Forgings Limited announced today the divestment of its entire 100% equity stake in Globe All India Services Limited (GAISL) to Yatra Online Limited. The transaction, valued at INR 128 crore (net of debt), is set to proceed following the fulfillment of conditions outlined in the share purchase agreement (SPA) between Ramkrishna Forgings, Yatra Online, and GAISL.

As part of the deal, Ramkrishna Forgings will no longer retain any ownership in GAISL, which will no longer be a subsidiary of the company post-transaction. GAISL is not considered a material subsidiary of Ramkrishna Forgings, making the divestment a strategic move to streamline operations and focus on core business areas.

Completion of the divestment is contingent upon meeting all specified conditions and finalizing closing actions as detailed in the SPA. However, it is expected to be completed within three months.

Ramkrishna Forgings shares dip 2% as supply approval to US EV maker put on hold

Aditya Bhagchandani — Mon, 22 Apr 2024 07:37:54 +0000

On Thursday, shares of Kolkata-based Ramkrishna Forgings Limited fell by 2% after the company announced that approval to supply powertrain components to the USA’s largest electric passenger vehicle manufacturer has been held up.

As of 1:01 pm the shares were trading 1.71% lower at ₹759.35 on NSE.

Although the company did not disclose the name of the vehicle manufacturer in its announcement, sources indicated that it could be Tesla. This announcement comes ahead of tech billionaire Elon Musk’s visit to India, scheduled to meet Prime Minister Narendra Modi.

“The USA’s largest electric passenger vehicle manufacturer grants approval for powertrain components, marking the beginning of a strategic partnership that opens up a realm of exciting opportunities. This landmark approval signifies the company’s position into the electric passenger vehicle segment with a strong emphasis on powertrain components,” the company said in a press release.

Ramkrishna Forgings shares surge 5% on $220 million North American contract

Aditya Bhagchandani — Tue, 20 Feb 2024 06:37:26 +0000

Ramkrishna Forgings witnessed a significant surge in its share price, gaining 5 percent intraday on February 20, following the announcement of securing a lucrative contract worth $220 million in the North American market. As of 12:00 pm, the shares were trading at ₹764.45.

The company revealed that this contract, spanning over a decade, marks its entry into a new vertical within the forging sector. It will primarily focus on supplying Tier 1 customers in the Light Vehicle segment across North America, according to a company statement.

The order win not only consolidates Ramkrishna Forgings’s position as a key player in the global market but also highlights its dedication to innovation, quality, and customer satisfaction, emphasized the release.

With this strategic venture, the company aims to further expand its offerings in key markets, making significant contributions to the automotive industry’s supply chain. Ramkrishna Forgings is committed to delivering top-notch products that not only meet but exceed the rigorous standards set by the automotive industry, the statement added.