Ramkrishna Forgings (RKFORGE) — Announcement

📢 Key Event
Q1 FY27 revenue grew 19.84% YoY to ₹1,217 crores with PAT up 297% YoY to ₹46.88 crores

🔄 What Changed
Profit after tax growth of 297% YoY and EBITDA margin expansion to 17.96%

🔮 What's Next
Target 20% ROCE by FY28; export growth of 20%+ YoY; capex of ₹350 crores in FY27; net debt reduction to ₹1,500 crores by FY27 end

💡 Investor Takeaway
Shareholders can expect sustained growth from export expansion and new segment adoption, with margin improvement and deleveraging supporting long-term value creation

⚠️ Risks
Geopolitical tensions affecting energy prices and shipping costs

Ramkrishna Forgings reported Q1 FY27 revenue of ₹1,217 crores, up 19.84% YoY, with profit after tax surging 297% YoY to ₹46.88 crores. EBITDA reached ₹218.47 crores at a 17.96% margin, reflecting strong order wins of [amount context mismatch] crores and export revenue contributing 35% of total sales. Management highlighted robust domestic demand, targeting 20%+ YoY export growth and 20% ROCE by FY28 from current 12-15%, supported by capacity utilization exceeding 70% and product mix improvements. Capex of ₹350 crores is planned for FY27, with net debt targeted at ₹1,500 crores by quarter-end. Risks include geopolitical tensions affecting energy and shipping costs, though currency pass-through mitigates foreign exchange impact. The company is advancing into aerospace and semiconductors, with Inconel and titanium forging capabilities expected to become operational in 8-10 quarters, contributing meaningfully in 2-3 years. The current phase is deemed the 'best period' for growth despite macro headwinds.

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About Ramkrishna Forgings Limited (RKFORGE)

Capital Goods · Castings, Forgings & Fastners · Listed on NSE

Market Cap: ₹13,537.05 Cr P/E: 126.2 ROE: 3.3% ROCE: 6.3% Div Yield: 0.13%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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