Ramkrishna Forgings Ltd · NSE:RKFORGE
Ramkrishna Forgings — Q3 FY2026 Earnings Presentation
30 slides from Ramkrishna Forgings's earnings presentation, Jan 27, 2026
Slide 1: Exchange filing cover letter
RAMKRISHNA FORGINGS LIMITED Date: 27 January, 2026 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 NS
Slide 2: Innovation Engineered For Excellence
Innovation Engineered For Excellence Investor Presentation Q3 & 9M 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 Ramkrishna Our Commitment 1 Forgings 3 Q3 & 9M FY26 Update on Financial Subsidiary Overview and Joint Venture 3 Investor Presentation – January 2026
Slide 5: Q3 & 9M FY26 Financial Overview
Q3 & 9M FY26 Financial Overview
Slide 6: MD's Insights and Reflections
MD’s Insights and Reflections “We are pleased to report an improved performance in Q3 FY26, driven by strong performance in the domestic business and resilient performance in global business on the back of effective execution of new orders. We have reported consolidated revenues of ₹1,099 crore in Q
Slide 7: Key Performance Indicators (Standalone)
Key Performance Indicators (Standalone) Revenue* EBITDA* & EBITDA Margin (%) PBT & PBT Margin# (%) Y-O-Y 3% Y-O-Y 28% Y-O-Y 58% Q-O-Q 17% Q-O-Q 29% 96,756 93,960 80,079 13,868 2,752 1,737 10,819 10,789 49 Q3 FY25 Q2 FY26 Q3 FY26 11.2% 13.5% 14.8% 1.8% 0.1% 2.9% 5% 4% 58% 2,82,468 2,67,707 39,917 38,
Slide 8: Key Performance Indicators (Consolidated)
Key Performance Indicators (Consolidated) Revenue* EBITDA* & EBITDA Margin (%) PBT & PBT Margin (%)# Y-O-Y 2% Y-O-Y 29% Y-O-Y 24% Q-O-Q 21% Q-O-Q 33% 1,07,378 1,09,852 16,337 90,753 12,632 12,254 2,969 2,394 -543 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 11.8% 13.5% 14.9% 2.2% -0.6% 2.7% 2% 3,
Slide 9: Volumes and Realisation
Volumes and Realisation Volume (tons) Realisation (₹ Lac/ton) Volume (tons) Realisation (₹ Lac/ton) Y-O-Y 1.0% 1.1% 45,987 46,437 1,30,999 39,370 1,29,516 14,951 11,612 46,335 37,615 12,646 2.50 2.19 2.30 2.53 2.29 31,036 34,825 93,384 26,724 83,181 1.80 1.83 1.80 1.89 1.80 Q3 FY25 Q2 FY26 Q3 FY26 Q
Slide 10: Capacity Utilization
Capacity Utilization Production (MT) Q3 FY26 Q2 FY26 Q3 FY25 Particulars Installed Capacity Utilization Utilization Utilization FY25 Production (MT) Production (MT) Production (MT) (%)* (%)* (%)* Ring Rolling 24,000 32,541 6,013 100% 5,267 88% 8,172 136% Forgings 70,350 47,352 11,626 66% 9,341 53% 1
Slide 11: Diversified Product Portfolio
Diversified Product Portfolio Revenue Break-up FY20 FY21 FY22 FY23 FY24 FY25 9MFY25 Domestic Auto 43.5% 42.7% 39.2% 41.9% 39.7% 40.8% 45.6% Railways 4.3% 3.1% 1.7% 2.7% 3.6% 4.6% 7.3% Mining, Earth Moving & Farm Equipment 4.7% 4.8% 4.1% 4.5% 4.5% 4.8% 6.1% Miscellaneous (Industrial Components, Steel
Slide 12: Export Break Up by Geography
Export Break Up by Geography Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY25 9M FY26 9M FY26 Particulars (₹ in crores) (%) (%) North America 271.56 128.74 150.57 836.61 71.3% 479.39 55.2% Europe 99.56 146.96 119.52 326.96 27.9% 382.41 44.1% Asia & others 2.76 2.27 1.03 9.16 0.8% 6.04 0.7% Total 373.88 277.9
Slide 13: Order Wins in Q3 & 9M FY26
Order Wins in Q3 & 9M FY26 Railways - Casting, 200 Railways, 119 Non Auto , 230 Non Auto, 372 9MY26 Q3FY26 ₹ 2,480 Cr ₹ 680 Cr Auto, 450 Auto , 1,789 Auto Non Auto Railways Railways - Casting Auto Non Auto During Q3, the Company secured new orders worth ₹680 crore, with a program life of four years.
Slide 14: New Order Wins in Standalone Business
New Order Wins in Standalone Business (in ₹ Crores) Last 3 years New orders New orders split over next 4 years 3,897 2,798 2,682 2,247 2,664 2,480 New Ramp up Orders for new 9,041 Orders 1,314 FY24 FY25 9M FY26 FY26 FY27 FY28 FY29 Note:- Projected sales is from new orders only 13 Investor Presentati
Slide 15: Well Positioned to Capture Future Growth
Well Positioned to Capture Future Growth Over the last four years, the Company has invested approximately ₹300 crores for acquisition of machining facilities in Gurgaon and Jharkhand, alongside casting and forging facilities in Jharkhand. These facilities achieved stabilization during FY25-26. In ad
Slide 16: Way Forward
Way Forward Major Growth drivers: − Aluminum Forgings – Production commenced − Castings plant of 45,000 MT per annum expected to get commissioned in Q4FY26 − Forging – 40000 MT per annum expected to get commissioned in Q4FY26 − New products in Domestic and LCV markets − Railways - Bogie Assemblies w
Slide 17: Income Statement (Consolidated)
Income Statement (Consolidated) Particulars (₹ in lakhs) FY21 FY22 FY23 FY24 FY25 9M FY26 Revenue from Operations 128,893 232,025 319,290 370,454 403,411 3,02,130 Cost of Goods Sold 64,045 1,16,073 1,61,053 1,86,156 1,99,955 1,53,785 Gross Profit 64,848 115,952 158,237 184,298 203,456 1,48,345 Gross
Slide 18: About Ramkrishna Forgings
About Ramkrishna Forgings
Slide 19: One Stop Solution Provider
One Stop Solution Provider Warm forging Gear Grinding Fabrication Casting Hot Forging Cold Forging Machining Aluminium Forging Hammer & Upsetter Providing solutions to Facilities Ring Rolling Commercial Railways Mining, Earth Industrial Oil & Gas Vehicles Moving & Farm Components, Steel, Equipment C
Slide 20: Our Global Presence
Our Global Presence Revenue By Geography Europe 14.3% North America 17.9% 9M FY26 India Others 67.6% 0.2% % Share – 9MFY26 Headquarters & Manufacturing facilities Sales & support services: Warehousing facility: Exports 32.4% Headquarters – Kolkata • Detroit, USA • Shelbyville, USA • Toluca, Mexico 1
Slide 21: Update on Subsidiary and Joint Venture
Update on Subsidiary and Joint Venture
Slide 22: Update on Merger of Subsidiaries with Ramkrishna Casting Solutions Limited
Update on Merger of Subsidiaries with Ramkrishna Casting Solutions Limited A joint petition seeking approval for the Scheme of Amalgamation involving Mal Metalliks Private Limited and Multitech Auto Private Limited with Ramkrishna Casting Solutions Limited was filed before the Hon’ble National Compa
Slide 23: 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 24: 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 25: Our Commitment
il Our Commitment
Slide 26: 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 CONSCIOUSNESS ROBUST GOVERNANCE We are aligned with 9 United Nations Sustainability Development Goals 25 Investor Present
Slide 27: Key Sustainability Highlights
Key Sustainability Highlights Where Growth Meets Green: Progress Update for Q3 FY20261 26% 7% 99% Increase in Recycled Increase in Permanent employees Wastewater Renewable Energy trained on ESG Consumption Increase in Increase in grid Permanent 394% rainwater 4.7% electricity 99% employees trained h
Slide 28: 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 Key Initiatives 2% increase in emissions Energy Consumption Reductions at a Glance: Achieve Net Zero 2040 intensity Replaced existing 15 kW motors wi
Slide 29: Conference Call Details
Conference Call Details Q3 & 9M FY26 EARNINGS CALL Time Pre-registration HOSTED BY: 5:00 PM IST on To enable participants to connect to the Tuesday, 27 January 2026 conference call without having to wait for an operator, please register at the below mentioned link: 28 Investor Presentation – January
Slide 30: 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
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