Ramkrishna Forgings Limited (RKFORGE) - Net Assets

Latest as of September 2025: Rs30.68 Billion INR ≈ $331.75 Million USD

Based on the latest financial reports, Ramkrishna Forgings Limited (RKFORGE) has net assets worth Rs30.68 Billion INR (≈ $331.75 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs68.87 Billion ≈ $744.81 Million USD) and total liabilities (Rs38.19 Billion ≈ $413.06 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 (RKFORGE) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs30.68 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. Also explore RKFORGE total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see RKFORGE market cap overview.

Year	Net Assets	Change
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 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	Rs14.34 Billion	47.21%
Common Stock	Rs362.06 Million	1.19%
Other Components	Rs15.67 Billion	51.60%
Total Equity	Rs30.37 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
Yindu Kitchen Equipment Co Ltd SHG:603277	$1.17 Billion
Zhejiang Tiantie Industry Co Ltd SHE:300587	$1.17 Billion
Taiyuan Heavy Industry Co Ltd SHG:600169	$1.17 Billion
MRC Global Inc NYSE:MRC	$1.17 Billion
Edelweiss Financial Services Limited NSE:EDELWEISS	$1.17 Billion
Guangdong Goworld Co Ltd SHE:000823	$1.17 Billion
Jiangsu Changhai Compos Material SHE:300196	$1.17 Billion
Genting Plantations Bhd KLSE:2291	$1.17 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 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	Rs4.15 Billion	+13.66%
Dividends Paid	Rs361.61 Million	-1.19%
Share Repurchases	Rs116.49 Million	-0.38%
Share Issuances	Rs116.49 Million	+0.38%
Other Comprehensive Income	Rs-456.41 Million	-1.5%
Other Changes	Rs200.47 Million	+0.66%
Total Change	Rs-	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: 3.56x
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 142.79x to 3.56x 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	Rs598.30	x
2007-03-31	Rs5.03	Rs598.30	x
2008-03-31	Rs6.29	Rs598.30	x
2009-03-31	Rs6.61	Rs598.30	x
2010-03-31	Rs8.83	Rs598.30	x
2011-03-31	Rs10.71	Rs598.30	x
2012-03-31	Rs13.14	Rs598.30	x
2013-03-31	Rs26.90	Rs598.30	x
2014-03-31	Rs25.44	Rs598.30	x
2015-03-31	Rs29.57	Rs598.30	x
2016-03-31	Rs33.66	Rs598.30	x
2017-03-31	Rs34.07	Rs598.30	x
2018-03-31	Rs48.09	Rs598.30	x
2019-03-31	Rs53.39	Rs598.30	x
2020-03-31	Rs53.63	Rs598.30	x
2021-03-31	Rs54.96	Rs598.30	x
2022-03-31	Rs67.44	Rs598.30	x
2023-03-31	Rs82.19	Rs598.30	x
2024-03-31	Rs157.96	Rs598.30	x
2025-03-31	Rs167.96	Rs598.30	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	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

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: $2,406,066,390
Average return on equity (ROE) among peers: 13.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ramkrishna Forgings Limited (RKFORGE)	Rs30.68 Billion	14.17%	1.25x	$1.17 Billion
Aeroflex Industries Limited (AEROFLEX)	$3.42 Billion	15.33%	0.25x	$436.02 Million
Alicon Castalloy Limited (ALICON)	$231.86 Million	32.52%	4.67x	$123.28 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$1.98 Billion	19.69%	0.88x	$710.75 Million
DCM Limited (DCM)	$869.40 Million	-1.79%	4.76x	$16.57 Million
DEE Development Eng Ltd (DEEDEV)	$4.54 Billion	0.00%	0.84x	$312.36 Million
D P Wires Limited (DPWIRES)	$278.89 Million	18.01%	1.92x	$29.98 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$1.02 Billion	24.96%	0.10x	$109.45 Million
Ganga Forging Limited (GANGAFORGE)	$119.98 Million	-17.63%	1.75x	$4.23 Million
Gravita India Limited (GRAVITA)	$6.02 Billion	33.42%	1.00x	$1.28 Billion
Happy Forgings Limited (HAPPYFORGE)	$5.58 Billion	14.31%	0.37x	$1.38 Billion

About Ramkrishna Forgings Limited

NSE:RKFORGE India Metal Fabrication

Market Cap

$1.17 Billion

Rs108.17 Billion INR

Market Cap Rank

#8436 Global

#399 in India

Share Price

Rs598.30

Change (1 day)

-0.09%

52-Week Range

Rs462.70 - Rs683.25

All Time High

Rs1046.75