Ramkrishna Forgings Limited's bank loan ratings downgraded by India Ratings & Research
Ramkrishna Forgings · Auto Components
Key highlights
- Long-term rating downgraded to 'IND AA-' from 'IND AA' with Stable Outlook; short-term rating affirmed at 'IND A1+'
- Consolidated net working capital cycle 193 days in FY26 with expected range of 180-200 days medium term; revenue mainly from MHCV sector
- FY26 revenue ₹4238.1 crore, EBITDA margin 15.2%, net adjusted leverage 4.6x, capex ₹923.7 crore, scheduled debt repayments ₹337.8 crore (FY27) and ₹346.5 crore (FY28)
Why it's rated major development: credit rating downgrade is always high
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Credit Rating
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Ramkrishna Forgings
- Dividend / buyback / bonusNotableRamkrishna Forgings Limited appoints directors, amends MOA, invests ₹56.76 crore in JV
- Dividend / buyback / bonusNotableRamkrishna Forgings Ltd appoints directors, alters MOA, and approves JV investment
- Dividend / buyback / bonusMajor developmentRamkrishna Forgings Limited announces Q2 2026 results, director appointments, and more
- Capex / expansionMajor developmentRamkrishna Forgings Q1 FY27 PAT up 298%, announces ₹170 crore capex
- Capex / expansionMajor developmentRamkrishna Forgings Limited announces Q1 FY2026-27 results and management changes
Other credit rating filings this fortnight
- Zeal Aqua bank loan ratings cut to IVR BB+/Negative, moved to Issuer Not Cooperating
- Juniper Green Energy Q2 FY27: total income ₹371.64 Cr, up 132%; PAT ₹53.56 Cr
- Mangalam Global: Infomerics rates loans Rs. 248.45 Crore IVR BBB/Negative, Issuer Not Cooperating
- Shree Refrigerations Limited H1 FY27 Net Profit Up 360.9%; CARE Upgrades Rating
- IDBI Bank's long-term rating placed on Watch with Developing Implications by ICRA
- Archean Chemical's Rs.1531 crore bank facilities downgraded by CRISIL to A-/Stable
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.