Ramkrishna Forgings Sets May 4 Date for Q4FY26 & Full-Year Earnings Call

Ramkrishna Forgings Limited is preparing to unveil its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026.

The company has scheduled an Earnings Conference Call for Monday, May 4, 2026, at 4:00 PM IST to discuss its Q4FY26 and FY26 performance.

Reader Takeaway: Focus on FY26 growth drivers; investors anticipate margin commentary and future outlook.

Key Details of the Earnings Call

Ramkrishna Forgings will host the call on May 4, 2026, at 4:00 PM IST, to review the audited financial results for the fourth quarter and full fiscal year ending March 31, 2026. Key management personnel are expected to join the discussion, with 360 ONE CM Research hosting the event.

Why Investors Are Watching

This call offers investors and analysts a key opportunity to understand Ramkrishna Forgings' financial performance and strategic direction for the fiscal year just ended. Management's commentary on the results, future outlook, and responses to investor questions will be critical for assessing the company's valuation.

Company Background and Recent Performance

Ramkrishna Forgings (RKFL) is a prominent Indian forging company, manufacturing critical components for automotive, railways, oil & gas, and other heavy industries. It is the second-largest forging player in India by revenue, with a global presence in 22 countries.

In July 2024, the company secured orders worth Rs 1,679 crore over four years, diversifying its order book into non-auto segments like railways. RKFL also approved strategic moves like the merger of ACIL Limited and the acquisition of a Mexican entity to enhance its global footprint.

For FY25, RKFL reported revenues of Rs 40,605 million, a slight increase from FY24, though net profit saw a marginal decline. Recent credit ratings indicate higher-than-expected consolidated borrowings and gearing as of March 2025, with net debt to EBITDA increasing significantly.

What to Expect from the Call

Investors will gain direct insights into the financial health and operational performance of Ramkrishna Forgings for FY26.

Management commentary will offer clarity on growth drivers, margin trends, and challenges faced.

Guidance provided for the upcoming fiscal year (FY27) will be a key focus.

The company's ability to navigate industry headwinds and leverage its order book will be assessed.

Key Risks and Governance Concerns

In April 2025, Ramkrishna Forgings' audit committee identified significant inventory discrepancies, later confirmed by a joint investigation. These issues led to an overstatement of inventory and an adverse impact on the company's net worth, highlighting potential governance concerns.

Competitive Landscape

Ramkrishna Forgings operates in a competitive forging landscape, with major peers including Bharat Forge Ltd. (the market leader), Craftsman Automation Ltd., AIA Engineering Ltd., and Happy Forgings Ltd. While Bharat Forge and AIA Engineering command larger market capitalizations, Happy Forgings is a more recent competitor.

Key Financial Metrics

• As of March 31, 2025, consolidated external borrowings and gearing were Rs 2,013 crore and 0.7 times, respectively.
• The net debt to EBITDA ratio stood at over 3.5 times (consolidated) on March 31, 2025.
• For 9MFY25, consolidated revenue was INR27,735 million with EBITDA margins of 22%.

Key Follow-Up Points

• The detailed Q4FY26 and FY26 financial results following the conference call.
• Management's outlook and guidance for FY27, including revenue targets and margin expectations.
• Commentary on the impact of ongoing strategic initiatives, such as acquisitions and mergers.
• Progress on addressing the inventory discrepancies and any further governance implications.
• Updates on order book execution and diversification into new segments like EVs.