Ramkrishna Forgings Ltd · NSE:RKFORGE
Ramkrishna Forgings — Q1 FY26 Earnings Presentation
40 slides from Ramkrishna Forgings's earnings presentation, Aug 1, 2025
Slide 1: Stock exchange cover letter: Investors Presentation
Date: 1st August, 2025 To To The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited PJ Towers “Exchange Plaza” C-1, Block G Dalal Street Bandra- Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai- 400051 BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE Dear Sir /
Slide 2: Innovation Engineered For Excellence - Investor Presentation Q1 FY26
Innovation Engineered For Excellence Investor Presentation Q1 FY26
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ramkrishna Forgings Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Contents
Contents 2 4 About Way Ramkrishna Forward 1 Forgings 3 5 Q1 FY26 Corporate Our Financial Structure Commitment Overview 3 Investor Presentation – June 2025
Slide 5: Q1 FY26 Financial Overview
il Q1 FY26 Financial Overview
Slide 6: Q1 FY26 Financial Highlights
Q1 FY26 Financial Highlights Standalone Consolidated Q1 FY26 Q1 FY26 ₹ 93,669 Lakhs 6% ₹ 101,526 Lakhs 6% Revenue from YoY Revenue from YoY Operations Growth Operations Growth ₹ 13,477 Lakhs 220bps ₹ 14,861 Lakhs 298 bps YoY YoY 14.4% Growth 14.6% Growth EBITDA & EBITDA & Margin Margin 13.3% 12.9% R
Slide 7: MD's Insights and Reflections
MD’s Insights and Reflections “Amid a challenging global macroeconomic environment and export slowdown due to tariff uncertainties, we have achieved consolidated revenues of Rs. 1015 crore in Q1 FY26, reflecting an 6% year-on-year increase. Our order book has strengthened with new contracts worth Rs
Slide 8: Key Performance Indicators (Standalone)
Key Performance Indicators (Standalone) Revenue* EBITDA* & EBITDA Margin (%) PAT & PAT Margin# (%) +6% -8% XX% -49% 20,785 88,634 93,669 80,962 2,151 4,252 14,705 13,477 8,936 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 16.6% 11.0% 14.4% 4.8% 25.7% 2.3% +4% -34% +47% 74
Slide 9: Key Performance Indicators (Consolidated)
Key Performance Indicators (Consolidated) Revenue* EBITDA* & EBITDA Margin (%) PAT & PAT Margin (%)# 6% -12% 19,983 -78% 95,948 1,01,526 94,721 16,906 5,473 14,861 9,850 1,179 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 17.6% 10.4% 14.6% 5.7% 21.1% 1.2% +9% -28% +43% 4,
Slide 10: Volumes and Realisation
Volumes and Realisation Volume (tons) Realisation (Rs. Lac/(ton)) Volume (tons) Realisation (Rs. Lac/(ton)) +4% 15% 44,171 1,58,428 1,65,251 38,539 38,127 58,739 58,900 13,357 15,322 12,565 2.56 2.46 2.39 2.50 2.52 30,814 99,689 1,06,351 23,217 25,562 1.84 1.77 1.78 1.85 1.86 Q1 FY25 Q4 FY25 Q1 FY2
Slide 11: Capacity Utilization
Capacity Utilization Production (MT) Q1 FY26 Q4 FY25 Q1 FY25 Particulars Installed Capacity Utilization Utilization Utilization FY25 FY24 Production (MT) Production (MT) Production (MT) (%)* (%)* (%)* Ring Rolling 24,000 32,541 32,533 7,824 130% 7,349 122% 8,489 141% Forgings 70,350# 47,352 49,054 1
Slide 12: Impact on Profit
Impact on Profit Tonnage (MT) Realisation Rate Impact Impact (Rs Crs) Q1 FY 26 Q1 FY 26 FY 25 Domestic 30,813.57 177.71 185.64 24.45 Exports (Net of freight) 13,356.57 214.44 219.84 7.20 Total 44,170.13 31.65 Tonnage (MT) Mix Mix Impact Impact (Rs Crs) Q1 FY 26 Q1 FY 26 FY 25 Domestic 30,813.57 70%
Slide 13: Order Wins in Q1 FY26
Order Wins in Q1 FY26 Value (Rs. Cr) Total Auto – 561 Cr Total Non Auto – 99 Cr 660 99 99 502 Railways Non Auto 23 PV 99 307 CV 254 Auto 158 561 0 Domestic Export Total (Excl. Rly) Domestic Export Total (Non Auto) * Excluding Railways Company received new orders worth Rs 660 Cr in Q1, program life b
Slide 14: Income Statement
Income Statement Particulars (₹ in lakhs) FY21 FY22 FY23 FY24 FY25 Q1 FY26 Revenue from Operations 128,838 228,537 300,100 349,933 363,430 93,669 Cost of Goods Sold 64,240 103,078 144,375 177,528 186,009 49,463 Gross Profit 64,598 125,459 155,725 172,405 177,421 44,206 Gross Profit Margin 50.1% 54.9
Slide 15: Balance Sheet
Balance Sheet Particulars (₹ in lakhs) FY21 FY22 FY23 FY24 FY25 Net block (Tangible assets) 149,385 155,903 173,955 213,280 269,908 Intangible assets 1,088 3,171 3,041 10,747 9,740 Investments 1,938 1,938 1,939 32,316 45,212 Other non-current assets 3,174 7,111 9,543 21,415 39,406 Total non ‐ curren
Slide 16: Cash Flow Statement
Cash Flow Statement Particulars (₹ in lakhs) FY21 FY22 FY23 FY24 FY25 Cash Flow from Operating Activities Profit before Tax 4,148 26,617 35,565 38,451 22,357 Adjustment for Non-Operating Items 18,453 23,592 26,758 32,979 25,499 Operating Profit before Working Capital Changes 22,601 50,210 62,322 71,
Slide 17: About Ramkrishna Forgings
About Ramkrishna Forgings
Slide 18: About us
About us 2nd 18 3,600+ 0.47 Bn USD 20 Countries served with No of Permanent No of Manufacturing Largest Forging strong footprints in Group Turnover Employees Across Units across Group Company in India North America and in FY’25 Group Companies Companies Europe 43+ All 272,400 MTPA 33,600 MTPA 2,000+
Slide 19: What Has Changed In Last 6 Years
What Has Changed In Last 6 Years Company has a clear focus towards de-risking the business by reducing dependency on single product 2019 2025 or single client De-risking Business Strategies Total verticals 2 9 New products launched 35 117 Total geographies present in 15 18 Total customers 153 280 In
Slide 20: Key Attributes
Key Attributes Manufacturer and One of the largest player Continued focus on supplier of a variety of in metal processing in diversification with foray auto and non-auto India into EV components components Global presence with Longstanding footprints in North relationship with America, Europe, South
Slide 21: One Stop Solution Provider
One Stop Solution Provider Warm forging Gear Grinding Fabrication Casting Hot Forging Cold Forgings Machining Aluminium Forging Hammer & Upsetter Providing solutions to Facilities Ring Rolling Commercial Railways Mining, Earth Industrial Oil & Gas Vehicles Moving & Farm Components, Steel, Equipment
Slide 22: Our Journey
Our Journey Commissioned RA Shaft Press Line and a 5” Upsetter Commissioned Acquired Multitech Auto 25,000 Cold Acquired Ramkrishna Casting Forgings capacity Commissioned 2 of its Solutions Limited (formerly Commissioned Press Lines of 6,300T & Commissioned a JMT Auto) 14,250T Upsetter Launched IPO
Slide 23: Commitment to Innovation
Commitment to Innovation RKFL is focused on Moving up the value increasing its chain allows RKFL to production capacity offer higher quality to meet rising products and services, market demands enhancing customer effectively. satisfaction. The organization Collaborating with strategically key indust
Slide 24: Track Record of Growth
Track Record of Growth Production (in MT) Revenue Export Revenue CAGR: +11.9% CAGR: +18.5% CAGR: +35.2% 1,87,145 1,96,023 3,49,933 3,63,430 1,48,290 1,48,209 81,894 61,508 1,11,182 37,635 43,882 36,187 74,076 28,496 1,606 FY10 FY15 FY20 FY24 FY25 FY10 FY15 FY20 FY24 FY25 FY10 FY15 FY20 FY24 FY25 EBI
Slide 25: Reliance on Top Customers has Reduced over Time
Reliance on Top Customers has Reduced over Time Revenue By Top 5 Customers & Others Revenue By Geography 8.4% 10.6% 11.3% 9.7% 14.6% 15.4% 16.3% 25.9% 24.7% 23.1% 22.6% 27.1% 27.2% 19.9% 7.7% 32.0% 31.3% 28.9% 29.9% 25.2% 26.0% 15.9% 13.6% 14.8% 17.9% 6.2% 20.8% 3.4% 3.6% 4.3% 2.6% 7.2% 4.9% 3.5% 3.
Slide 26: Revenue based diversification & Reducing Cyclicality
Revenue based diversification & Reducing Cyclicality Revenue Break-up FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q1 FY26 Domestic Auto 56.0% 43.4% 42.7% 39.2% 41.9% 39.7% 40.5% 52.2% Railways 2.6% 4.3% 3.1% 1.7% 2.7% 3.6% 4.6% 6.2% Mining, Earth Moving & Farm Equipment's 4.0% 4.7% 4.8% 4.1% 4.5% 4.5% 4.8% 3
Slide 27: Corporate Structure
il Corporate Structure
Slide 28: Corporate Structure
Corporate Structure RKFL Domestic International Joint Venture Ramkrishna MAL Metaliks Ramkrishna Ramkrishna Casting Pvt. Ltd. Ramkrishna Forgings Titagarh Rail Multitech Auto Solutions Ltd. (100% Forgings LLC, Mexico S.A. de Wheels Ltd Private Limited (Formerly JMT stepdown USA C.V RKFL (51%) Auto )
Slide 29: Update on Rail Wheel Project
Update on Rail Wheel Project Ramkrishna Forgings & Titagarh Rail Systems Consortium received an LOA for Manufacturing and Supplying of Forged Wheels for the Indian Railways. Ramkrishna Forgings holds a 51% stake in the Joint Venture and is the lead partner in this railway contract. The company will
Slide 30: Update on Mexico Facility
Update on Mexico Facility Ramkrishna Forgings Limited has acquired a company in Mexico and the same is named as Ramkrishna Forgings Mexico S.A. de C.V. The Company has taken a factory space on lease at Monterrey, Mexico, and has already commenced its machining operations along with storage. Current
Slide 31: Way Forward
il Way Forward
Slide 32: Multiple Vectors To Accentuate Growth And Increase Profitability
Multiple Vectors To Accentuate Growth And Increase Profitability Global Markets Further geographic presence to enhance capture global market opportunities Inorganic Opportunities Explore inorganic opportunities offering strategic benefits Expanding Capabilities Expand our manufacturing capacities Fo
Slide 33: Well Positioned To Capture Future Growth
Well Positioned To Capture Future Growth Summary Summary onon Capacity Capacity Expansion Expansion 8,000T Press 3,000T Press 1,600T Press Cold Forging Press Horizontal Moulding Line Press in Final Stage of Press under Press installed Press Commissioned & Commissioning Installation Production Starte
Slide 34: Our Commitment
il Our Commitment
Slide 35: Sustainability Highlights: Year to Year and Quarter to Quarter
Sustainability Highlights: Year to Year Comparison Tracking our performance over time: Progress Update for Q1 FY2026 Decrease in Increase in increase in 99% 13% total Permanent rainwater recycled employees trained groundwater harvesting wastewater Permanent employees on Human Rights usage trained on
Slide 36: Our ESG Vision - Delivering shared value to the planet and people
Our ESG Vision - Delivering shared value to the planet and people RKFL’s 5 Pillars of Sustainability VALUABLE REWARDING WORKPLACE PARTNERSHIPS EMPOWERED COMMUNITIES ENVIRONMENTAL ROBUST GOVERNANCE CONSCIOUSNESS We are aligned with 9 United Nations Sustainability Development Goals 35 Investor Present
Slide 37: Our Goals and Initiatives
Our Goals and Initiatives Committed to preserving and protecting the environment and supporting the local community Our Goals and Target Year Progress from Q4 FY2025 Key Initiatives Reduce specific water 143% increase in usage of rainwater To decrease total water usage and domestic water consumption
Slide 38: Climate Risk Assessment of RKFL
Climate Risk Assessment of RKFL As a part of our Sustainability strategy and decarbonization efforts, Our Climate Risk Assessment framework empowers investors to anticipate environmental disruptions, safeguard assets, and drive resilient, future-proof strategies. Value Addition of Climate Risk Asses
Slide 39: Conference Call Details
Conference Call Details Q1 FY26 EARNINGS CALL Time Pre-registration HOSTED BY: 05:00 PM. IST on To enable participants to connect to the 1st August 2025 conference call without having to wait for an operator, please register at the below mentioned link: 38 Investor Presentation – June 2025
Slide 40: Thank You
Thank You Mr. Lalit Kumar Khetan (Whole Time Director & CFO) Ramkrishna Forgings Limited Email: lalit.khetan@ramkrishnaforgings.com Mayank Vaswani / Mit Shah CDR India Tel: +91 98209 40953 / +91 99201 68314 Email: mayank@cdr-india.com / mit@cdr-india.com