Ramkrishna Forgings share price today

Ramkrishna Forgings Ltd's share price was ₹697.10 at the close on 4 November 2026. It has been rising for 14 weeks. That is 10.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹478 and ₹751, and at that close it sat 80% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ramkrishna Forgings Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +925% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

5 points in one quarter and highest quarterly revenue in 16 quarters.

1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 3.5% to 5.7% of the company by the September 2026 quarter.

2. Promoters cut their stake by 2.5 points in one quarter

   From 43.4% to 40.9% in the September 2026 quarter.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,405 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue hit a record because exports bounced back strongly as North America recovered and the company gained more customers in Europe.

   Next results: check whether the second half is really better than the first half.

   From the earnings call on 30 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Ramkrishna Forgings reported revenue of ₹1,405 crore, up 54.7% from ₹908 crore a year earlier, and a profit of ₹71.0 crore, against a loss of ₹10.0 crore a year earlier.

Ramkrishna Forgings results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Ramkrishna Forgings' management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Ramkrishna Forgings closed at ₹697.10 on 4 November 2026, up 31.1% from ₹531.75 a year earlier (7 November 2025) and up 231.9% over five years. Its highest weekly close since March 2016 was ₹1,020.90 on 18 October 2024.

Ramkrishna Forgings share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

6 Nov 2026: Coming up: ex-date for an interim dividend of ₹2 a share. 4 Nov 2026: Ramkrishna Forgings closed at ₹697.10, up 7.9% on the week and up 0.3% on the month.

Earlier

• 30 Oct 2026: Ramkrishna Forgings held its results call for July to September 2026. Management guided: Total debt cut ₹500 crore to ₹1,500 crore net, ₹1,670-1,700 crore gross, by FY27-end.
• Results for July to September 2026: Revenue up 54.7% on a year earlier.
• 8 May 2026: ex-date for an interim dividend of ₹1 a share.

Ramkrishna Forgings paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.14% at the ₹697.10 close on 4 November 2026. The last was an interim dividend of ₹1 a share, ex-date 8 May 2026. Next: ₹2 a share, ex-date 6 November 2026.

Ramkrishna Forgings dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Ramkrishna Forgings Ltd paid out 25% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 30 October 2026, Ramkrishna Forgings' management guided: Total debt cut ₹500 crore to ₹1,500 crore net, ₹1,670-1,700 crore gross, by FY27-end.

“In FY28, we are looking at a strong market. Both the domestic and international markets in FY28 are going to be strong markets, and we do not see any conservative approach in the next year.”Lalit Khetan, on the call for July to September 2026

What management guided

• FY27 capital spending around ₹550 crore including ₹160 crore H2, JV pending ₹50-55 crore over 1 year with ₹15-20 crore H2.
• December start 2,000-3,000 wheels, Q4 to 80 percent at 4,000-5,000 per month, 20,000-25,000 wheels FY27 with 18-20 percent margin at optimum.
• Operating margin improvement 30-40 basis points quarter on quarter endeavour toward prior 20-21 percent peak with no timeline committed.
• ROCE 12-15 percent by FY27-end with 20 percent next-year aspiration.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

When Ramkrishna Forgings reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Trial-wheel inspection clearance with December production start and Q4 scale-up to flagged monthly rate.

Ramkrishna Forgings is on one of our India lists: Momentum stocks.

Ramkrishna Forgings Ltd earned ₹71.0 Cr of net profit in the Sep 2026 quarter. Full-year FY26 profit was ₹72.0 Cr. Over 10 years profit has grown 2.7% a year on average. That is 5.1% of the quarter's revenue. The same quarter a year earlier lost ₹10.0 Cr. 1 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹72.0 Cr (−82.7% on the year before).

On average over the last four quarters, profit changed +62.1% and revenue +26.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Ramkrishna Forgings Ltd reported ₹1,405 Cr of revenue in the Sep 2026 quarter, +54.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 16.7% a year on average. The last full year, FY26, came in at ₹4,238 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹4,938 Cr.

FY26 revenue was ₹4,238 Cr, +5.1% on the year before.

Recent pace: the last four quarters grew +26.4% on average, against 16.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.2%, against +11.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −15.7%, against −26.5% a year (accelerating).

Ramkrishna Forgings Ltd's operating margin was 18.0% in the Sep 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 14.0% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +5.2 percentage points on the year while gross margin changed +2.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 192% of Ramkrishna Forgings Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹840 Cr of operating cash against ₹72.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹942 Cr of spending on assets, free cash was −₹102 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 192% of profit came in as cash: the cash cycle got 80 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 3.7× depreciation over three years. The next section checks what that spending is building.

Ramkrishna Forgings Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 86 days in FY26, down from 166 days in FY21. It spent ₹3,176 Cr on assets over the last 3 years. Customers take 68 days to pay, and stock sits for 211 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,238 Cr, each day of that cycle ties up about ₹11.6 Cr, so roughly ₹999 Cr is tied up in the business at any time.

FY26: customers took 68 days to pay and stock sat for 211 days, about 6.9 months of sales sitting as stock, for a full cycle of 86 days, shorter than FY21's 166.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 211 days. Customers pay about 68 days after that. Suppliers are paid at 193 days. Together that makes the 86-day cycle.

Spending on assets: ₹3,176 Cr over the last 3 years, against ₹861 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹337 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ramkrishna Forgings Ltd's P/E is 66.4×, near the high end of its own history: higher than 79% of past readings. Its usual P/E (the middle reading) is 32.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹10.20.