Ramkrishna Forgings Limited (RKFORGE) - Net Assets

Latest as of March 2026: Rs32.90 Billion INR ≈ $355.84 Million USD

Based on the latest financial reports, Ramkrishna Forgings Limited (RKFORGE) has net assets worth Rs32.90 Billion INR (≈ $355.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs71.78 Billion ≈ $776.27 Million USD) and total liabilities (Rs38.88 Billion ≈ $420.42 Million USD). 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. Check Ramkrishna Forgings Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs32.90 Billion
% of Total Assets	45.84%
Annual Growth Rate	22.16%
5-Year Change	205.12%
10-Year Change	571.48%
Growth Volatility	22.16

Ramkrishna Forgings Limited - Net Assets Trend (2006–2026)

This chart illustrates how Ramkrishna Forgings Limited's net assets have evolved over time, based on quarterly financial data. See RKFORGE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ramkrishna Forgings Limited (2006–2026)

The table below shows the annual net assets of Ramkrishna Forgings Limited from 2006 to 2026. For live valuation and market cap data, see RKFORGE market cap overview.

Year	Net Assets	Change
2026-03-31	Rs32.90 Billion ≈ $355.84 Million	+8.33%
2025-03-31	Rs30.37 Billion ≈ $328.48 Million	+13.16%
2024-03-31	Rs26.84 Billion ≈ $290.28 Million	+103.07%
2023-03-31	Rs13.22 Billion ≈ $142.94 Million	+22.57%
2022-03-31	Rs10.78 Billion ≈ $116.62 Million	+22.18%
2021-03-31	Rs8.83 Billion ≈ $95.45 Million	+0.75%
2020-03-31	Rs8.76 Billion ≈ $94.74 Million	+0.41%
2019-03-31	Rs8.72 Billion ≈ $94.35 Million	+15.01%
2018-03-31	Rs7.59 Billion ≈ $82.04 Million	+54.81%
2017-03-31	Rs4.90 Billion ≈ $52.99 Million	+4.18%
2016-03-31	Rs4.70 Billion ≈ $50.87 Million	+14.63%
2015-03-31	Rs4.10 Billion ≈ $44.37 Million	+27.54%
2014-03-31	Rs3.22 Billion ≈ $34.79 Million	+27.75%
2013-03-31	Rs2.52 Billion ≈ $27.24 Million	+33.65%
2012-03-31	Rs1.88 Billion ≈ $20.38 Million	+22.78%
2011-03-31	Rs1.53 Billion ≈ $16.60 Million	+21.21%
2010-03-31	Rs1.27 Billion ≈ $13.69 Million	+33.61%
2009-03-31	Rs947.70 Million ≈ $10.25 Million	+5.03%
2008-03-31	Rs902.27 Million ≈ $9.76 Million	+25.03%
2007-03-31	Rs721.64 Million ≈ $7.80 Million	+20.15%
2006-03-31	Rs600.63 Million ≈ $6.50 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs362.90 Million	1.10%
Other Components	Rs32.54 Billion	98.90%
Total Equity	Rs32.90 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
Chicony Power Technology Co Ltd TW:6412	$1.16 Billion
Stepan Company NYSE:SCL	$1.16 Billion
China Resources Boya Bio pharmaceutical Group Co Ltd SHE:300294	$1.16 Billion
TRUSTPILOT GROUP LS -01 F:6VZ	$1.16 Billion
BrightView Holdings NYSE:BV	$1.16 Billion
MasterBrand Inc. NYSE:MBC	$1.16 Billion
Orient Semiconductor Electronics Ltd TW:2329	$1.15 Billion
Shilpa Medicare Limited NSE:SHILPAMED	$1.15 Billion

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 2025 to 2026, total equity changed from 30,373,717,000 to 32,903,983,000, a change of 2,530,266,000 (8.3%).
Net income of 717,973,000 contributed positively to equity growth.
Dividend payments of 181,031,000 reduced retained earnings.
Share repurchases of 109,759,000 reduced equity.
New share issuances of 2,019,675,000 increased equity.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs717.97 Million	+2.18%
Dividends Paid	Rs181.03 Million	-0.55%
Share Repurchases	Rs109.76 Million	-0.33%
Share Issuances	Rs2.02 Billion	+6.14%
Other Changes	Rs83.41 Million	+0.25%
Total Change	Rs-	8.33%

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: 3.25x
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 140.62x to 3.25x 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	Rs4.19	Rs589.20	x
2007-03-31	Rs5.03	Rs589.20	x
2008-03-31	Rs6.29	Rs589.20	x
2009-03-31	Rs6.61	Rs589.20	x
2010-03-31	Rs8.83	Rs589.20	x
2011-03-31	Rs10.71	Rs589.20	x
2012-03-31	Rs13.14	Rs589.20	x
2013-03-31	Rs26.90	Rs589.20	x
2014-03-31	Rs25.44	Rs589.20	x
2015-03-31	Rs29.57	Rs589.20	x
2016-03-31	Rs33.66	Rs589.20	x
2017-03-31	Rs34.07	Rs589.20	x
2018-03-31	Rs48.09	Rs589.20	x
2019-03-31	Rs53.39	Rs589.20	x
2020-03-31	Rs53.63	Rs589.20	x
2021-03-31	Rs54.96	Rs589.20	x
2022-03-31	Rs67.44	Rs589.20	x
2023-03-31	Rs82.19	Rs589.20	x
2024-03-31	Rs157.96	Rs589.20	x
2025-03-31	Rs167.96	Rs589.20	x
2026-03-31	Rs181.02	Rs589.20	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): 2.18%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.69%
• Asset Turnover: 0.59x
• Equity Multiplier: 2.18x
Recent ROE (2.18%) is below the historical average (10.50%), suggesting potential challenges in 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	Rs25.03 Million
2007	19.23%	9.16%	0.79x	2.65x	Rs66.63 Million
2008	14.44%	6.49%	0.64x	3.49x	Rs40.04 Million
2009	4.79%	1.98%	0.66x	3.68x	Rs-49.34 Million
2010	8.60%	3.82%	0.75x	3.00x	Rs-17.68 Million
2011	14.37%	5.38%	0.95x	2.82x	Rs67.12 Million
2012	12.89%	4.85%	1.02x	2.61x	Rs54.46 Million
2013	3.49%	2.17%	0.64x	2.51x	Rs-164.06 Million
2014	2.63%	1.93%	0.42x	3.20x	Rs-237.15 Million
2015	18.38%	10.03%	0.52x	3.52x	Rs343.77 Million
2016	11.60%	5.99%	0.54x	3.58x	Rs75.03 Million
2017	2.29%	1.22%	0.51x	3.71x	Rs-377.85 Million
2018	12.51%	6.37%	0.73x	2.71x	Rs190.68 Million
2019	13.77%	6.22%	0.88x	2.52x	Rs328.67 Million
2020	1.11%	0.80%	0.55x	2.54x	Rs-779.05 Million
2021	2.34%	1.60%	0.48x	3.06x	Rs-675.90 Million
2022	18.36%	8.53%	0.67x	3.23x	Rs901.88 Million
2023	18.77%	7.77%	0.86x	2.82x	Rs1.16 Billion
2024	10.85%	7.86%	0.70x	1.98x	Rs228.03 Million
2025	13.66%	10.29%	0.62x	2.16x	Rs1.11 Billion
2026	2.18%	1.69%	0.59x	2.18x	Rs-2.57 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: $10,089,220,700
Average return on equity (ROE) among peers: 15.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ramkrishna Forgings Limited (RKFORGE)	Rs32.90 Billion	14.17%	1.18x	$1.16 Billion
Aeroflex Industries Limited (AEROFLEX)	$862.23 Million	31.90%	1.13x	$699.81 Million
Alicon Castalloy Limited (ALICON)	$3.17 Billion	-0.61%	1.86x	$115.89 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$1.98 Billion	19.69%	0.88x	$585.84 Million
DCM Limited (DCM)	$1.77 Billion	-0.15%	2.23x	$19.07 Million
DEE Development Eng Ltd (DEEDEV)	$80.06 Billion	5.45%	0.99x	$534.83 Million
D P Wires Limited (DPWIRES)	$821.59 Million	21.21%	0.48x	$29.83 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$3.16 Billion	21.64%	0.08x	$111.90 Million
Ganga Forging Limited (GANGAFORGE)	$27.26 Million	22.28%	2.96x	$3.75 Million
Gravita India Limited (GRAVITA)	$1.18 Billion	18.14%	0.93x	$1.36 Billion
Happy Forgings Limited (HAPPYFORGE)	$7.88 Billion	18.07%	0.43x	$1.48 Billion

About Ramkrishna Forgings Limited

NSE:RKFORGE India Metal Fabrication

Market Cap

$1.16 Billion

Rs106.92 Billion INR

Market Cap Rank

#8443 Global

#407 in India

Share Price

Rs589.20

Change (1 day)

+0.89%

52-Week Range

Rs462.70 - Rs683.25

All Time High

Rs1046.75