Ramkrishna Forgings Ltd
Ramkrishna Forgings Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY '27 Revenue Growth: Expected 10% to 15% growth in top line compared to FY '26. The company expects 10%-15% top-line growth for FY'27 and FY'28, with a similar CAGR for the next 3 years.
From Ramkrishna Forgings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY '27 Revenue Growth: Expected 10% to 15% growth in top line compared to FY '26.
- CAGR: Anticipated 10% to 15% year-on-year growth for the next 3 consecutive years (FY '27 to FY '29).
- Domestic Market: Significant growth expected from Indian Railways starting FY '27, including Rs. 2,000 crores annual revenue potential from passenger segment bogie assemblies.
- Export Market: Improvement expected in North America with new customer additions and order wins; exports targeted to contribute ~35% of overall sales in FY '27.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Ramkrishna Forgings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is commissioning a machining facility in Mexico, expected to become operational shortly, strengthening the global manufacturing footprint.
- A rail wheel joint venture is on track with trial production anticipated by the end of Q4 FY26.
- New capacity expansions are underway for castings and forgings, backed by corresponding order wins.
- Aluminium forging capacity has recently started production and is expected to ramp up to full utilization within 8 to 10 months.
- Cold forging capacity of about 25,000 tons is at 40% utilization, expected to rise to 80%-85% by next financial year.
- Capacity utilization overall is improving as customer approvals and stabilization progress.
2 more points management made on capital expenditure plans
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Ramkrishna Forgings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- In Q3 FY26, Ramkrishna Forgings secured new orders worth Rs. 680 crores with a program life of 4 years.
- Approximately 60% of these orders are from the domestic market and 40% from the export market.
- Out of the Q3 orders, Rs. 406 crores are from the Commercial Vehicle (CV) segment, Rs. 26 crores from the Passenger Vehicle (PV) segment, and Rs. 18 crores from the EV segment.
- Non-automotive orders amount to Rs. 189 crores, including Rs. 230 crores from oil and gas segments.
2 more points management made on order book & pipeline
Ramkrishna Forgings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.2K Cr, net profit ₹56 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Ramkrishna Forgings Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Ramkrishna Forgings Ltd Q3 FY26 results?
FY '27 Revenue Growth: Expected 10% to 15% growth in top line compared to FY '26. The company expects 10%-15% top-line growth for FY'27 and FY'28, with a similar CAGR for the next 3 years.
What is Ramkrishna Forgings Ltd share price analysis?
Ramkrishna Forgings Ltd currently shows a neutral. The stock trades at a P/E of 112.0 with a market cap of ₹12,869 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ramkrishna Forgings Ltd planning capital expenditure?
The company is commissioning a machining facility in Mexico, expected to become operational shortly, strengthening the global manufacturing footprint.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.