Ramkrishna Forgings Limited
Ramkrishna Forgings Limited engages in the manufacture and sale of forged components for automobiles, railway wagons and coaches, and engineering parts in India and internationally. It operates in two segments, Forging Components and Others. The company's products portfolio includes beam, knuckle, steering arm, tie-rod-arm, sector shaft, front hub, crankshaft, camshaft, connecting rod, piston, pi… Read more
Ramkrishna Forgings Limited (RKFORGE) - Net Assets
Latest net assets as of September 2025: ₹30.68 Billion INR
Based on the latest financial reports, Ramkrishna Forgings Limited (RKFORGE) has net assets worth ₹30.68 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹68.87 Billion) and total liabilities (₹38.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹30.68 Billion |
| % of Total Assets | 44.54% |
| Annual Growth Rate | 22.93% |
| 5-Year Change | 244.14% |
| 10-Year Change | 545.75% |
| Growth Volatility | 22.45 |
Ramkrishna Forgings Limited - Net Assets Trend (2006–2025)
This chart illustrates how Ramkrishna Forgings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ramkrishna Forgings Limited (2006–2025)
The table below shows the annual net assets of Ramkrishna Forgings Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹30.37 Billion | +13.16% |
| 2024-03-31 | ₹26.84 Billion | +103.07% |
| 2023-03-31 | ₹13.22 Billion | +22.57% |
| 2022-03-31 | ₹10.78 Billion | +22.18% |
| 2021-03-31 | ₹8.83 Billion | +0.75% |
| 2020-03-31 | ₹8.76 Billion | +0.41% |
| 2019-03-31 | ₹8.72 Billion | +15.01% |
| 2018-03-31 | ₹7.59 Billion | +54.81% |
| 2017-03-31 | ₹4.90 Billion | +4.18% |
| 2016-03-31 | ₹4.70 Billion | +14.63% |
| 2015-03-31 | ₹4.10 Billion | +27.54% |
| 2014-03-31 | ₹3.22 Billion | +27.75% |
| 2013-03-31 | ₹2.52 Billion | +33.65% |
| 2012-03-31 | ₹1.88 Billion | +22.78% |
| 2011-03-31 | ₹1.53 Billion | +21.21% |
| 2010-03-31 | ₹1.27 Billion | +33.61% |
| 2009-03-31 | ₹947.70 Million | +5.03% |
| 2008-03-31 | ₹902.27 Million | +25.03% |
| 2007-03-31 | ₹721.64 Million | +20.15% |
| 2006-03-31 | ₹600.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ramkrishna Forgings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1433811100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹14.34 Billion | 47.21% |
| Common Stock | ₹362.06 Million | 1.19% |
| Other Components | ₹15.67 Billion | 51.60% |
| Total Equity | ₹30.37 Billion | 100.00% |
Ramkrishna Forgings Limited Competitors by Market Cap
The table below lists competitors of Ramkrishna Forgings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinlong Machinery Electronic
SHE:300032
|
$534.15 Million |
|
COHTF
PINK:COHTF
|
$534.23 Million |
|
Beijing Creative Distribution Automation Co Ltd
SHE:002350
|
$534.23 Million |
|
Jinxi Axle Co Ltd
SHG:600495
|
$534.28 Million |
|
Hefei Chipmore Technology Co. Ltd. A
SHG:688352
|
$534.02 Million |
|
SMHGF
PINK:SMHGF
|
$533.97 Million |
|
Mersen SA
PA:MRN
|
$533.96 Million |
|
INVENTIVA S.A.(PROM.)-01
F:6IV
|
$533.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ramkrishna Forgings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,841,009,000 to 30,373,717,000, a change of 3,532,708,000 (13.2%).
- Net income of 4,150,252,000 contributed positively to equity growth.
- Dividend payments of 361,605,000 reduced retained earnings.
- Share repurchases of 116,489,000 reduced equity.
- New share issuances of 116,489,000 increased equity.
- Other comprehensive income decreased equity by 456,412,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹4.15 Billion | +13.66% |
| Dividends Paid | ₹361.61 Million | -1.19% |
| Share Repurchases | ₹116.49 Million | -0.38% |
| Share Issuances | ₹116.49 Million | +0.38% |
| Other Comprehensive Income | ₹-456.41 Million | -1.5% |
| Other Changes | ₹200.47 Million | +0.66% |
| Total Change | ₹- | 13.16% |
Book Value vs Market Value Analysis
This analysis compares Ramkrishna Forgings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 127.39x to 3.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹4.19 | ₹533.75 | x |
| 2007-03-31 | ₹5.03 | ₹533.75 | x |
| 2008-03-31 | ₹6.29 | ₹533.75 | x |
| 2009-03-31 | ₹6.61 | ₹533.75 | x |
| 2010-03-31 | ₹8.83 | ₹533.75 | x |
| 2011-03-31 | ₹10.71 | ₹533.75 | x |
| 2012-03-31 | ₹13.14 | ₹533.75 | x |
| 2013-03-31 | ₹26.90 | ₹533.75 | x |
| 2014-03-31 | ₹25.44 | ₹533.75 | x |
| 2015-03-31 | ₹29.57 | ₹533.75 | x |
| 2016-03-31 | ₹33.66 | ₹533.75 | x |
| 2017-03-31 | ₹34.07 | ₹533.75 | x |
| 2018-03-31 | ₹48.09 | ₹533.75 | x |
| 2019-03-31 | ₹53.39 | ₹533.75 | x |
| 2020-03-31 | ₹53.63 | ₹533.75 | x |
| 2021-03-31 | ₹54.96 | ₹533.75 | x |
| 2022-03-31 | ₹67.44 | ₹533.75 | x |
| 2023-03-31 | ₹82.19 | ₹533.75 | x |
| 2024-03-31 | ₹157.96 | ₹533.75 | x |
| 2025-03-31 | ₹167.96 | ₹533.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ramkrishna Forgings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.29%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.16x
- Recent ROE (13.66%) is above the historical average (10.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.17% | 9.21% | 0.71x | 2.16x | ₹25.03 Million |
| 2007 | 19.23% | 9.16% | 0.79x | 2.65x | ₹66.63 Million |
| 2008 | 14.44% | 6.49% | 0.64x | 3.49x | ₹40.04 Million |
| 2009 | 4.79% | 1.98% | 0.66x | 3.68x | ₹-49.34 Million |
| 2010 | 8.60% | 3.82% | 0.75x | 3.00x | ₹-17.68 Million |
| 2011 | 14.37% | 5.38% | 0.95x | 2.82x | ₹67.12 Million |
| 2012 | 12.89% | 4.85% | 1.02x | 2.61x | ₹54.46 Million |
| 2013 | 3.49% | 2.17% | 0.64x | 2.51x | ₹-164.06 Million |
| 2014 | 2.63% | 1.93% | 0.42x | 3.20x | ₹-237.15 Million |
| 2015 | 18.38% | 10.03% | 0.52x | 3.52x | ₹343.77 Million |
| 2016 | 11.60% | 5.99% | 0.54x | 3.58x | ₹75.03 Million |
| 2017 | 2.29% | 1.22% | 0.51x | 3.71x | ₹-377.85 Million |
| 2018 | 12.51% | 6.37% | 0.73x | 2.71x | ₹190.68 Million |
| 2019 | 13.77% | 6.22% | 0.88x | 2.52x | ₹328.67 Million |
| 2020 | 1.11% | 0.80% | 0.55x | 2.54x | ₹-779.05 Million |
| 2021 | 2.34% | 1.60% | 0.48x | 3.06x | ₹-675.90 Million |
| 2022 | 18.36% | 8.53% | 0.67x | 3.23x | ₹901.88 Million |
| 2023 | 18.77% | 7.77% | 0.86x | 2.82x | ₹1.16 Billion |
| 2024 | 10.85% | 7.86% | 0.70x | 1.98x | ₹228.03 Million |
| 2025 | 13.66% | 10.29% | 0.62x | 2.16x | ₹1.11 Billion |
Industry Comparison
This section compares Ramkrishna Forgings Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $11,532,845,548
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ramkrishna Forgings Limited (RKFORGE) | ₹30.68 Billion | 14.17% | 1.25x | $534.11 Million |
| Aeroflex Industries Limited (AEROFLEX) | $2.93 Billion | 14.24% | 0.28x | $116.03 Million |
| Alicon Castalloy Limited (ALICON) | $600.14 Million | -19.18% | 4.77x | $36.21 Million |
| BELL AGROMACHINA ORD T (BSE) (BALUFORGE) | $3.05 Million | 62.35% | 0.09x | $161.93 Million |
| DCM Limited (DCM) | $-19.50 Million | 0.00% | 0.00x | $4.19 Million |
| DEE Development Eng Ltd (DEEDEV) | $80.06 Billion | 5.45% | 0.99x | $66.43 Million |
| D P Wires Limited (DPWIRES) | $2.48 Billion | 8.94% | 0.20x | $5.66 Million |
| Gandhi Special Tubes Limited (GANDHITUBE) | $2.01 Billion | 19.21% | 0.10x | $43.04 Million |
| Ganga Forging Limited (GANGAFORGE) | $34.45 Million | 7.33% | 2.91x | $2.79 Million |
| Gravita India Limited (GRAVITA) | $20.78 Billion | 15.04% | 0.21x | $509.26 Million |
| Happy Forgings Limited (HAPPYFORGE) | $6.45 Billion | 13.40% | 0.36x | $302.09 Million |