Ramkrishna Forgings Share Price Jumps Up to 10% After Q2 Results: Profit Swings to Rs 70.59 Crore, Revenue Climbs 55%, Is More Upside Ahead and Which Key Levels to Watch
- November 2, 2026
- Posted by: Kunal Singla
- Category: Results
Ramkrishna Forgings Rs 698.55 (12:48 PM, 2 Nov), high Rs 711 (about +10%). Q2 profit Rs 70.59 cr vs loss Rs 9.50 cr. Revenue up 55%. EBITDA margin 18.2%. Dividend Rs 2, ex 6 Nov.
Quick Answer
Ramkrishna Forgings share price touched Rs 711 on 2 November 2026, about 10% above Friday’s close of Rs 646.90, after Q2 FY27 profit of Rs 70.59 crore against a loss of Rs 9.50 crore a year ago. Revenue rose 55% to Rs 1,405.42 crore and EBITDA more than doubled to Rs 256.23 crore. At 12:48 PM IST the stock was at Rs 698.55, up 7.98%, with a P/E of 64.1 against an industry average of 47.4.
Ramkrishna Forgings share price jumped as much as 10% on Monday, 2 November 2026, after the company swung back to profit in the September quarter, and the stock has now gained about 35% in 2026, according to market reports. This Ramkrishna Forgings Q2 results analysis sets out the numbers, what drove the turnaround, valuation, the interim dividend and the price levels visible today, so you can judge whether more upside is likely.
Prices are as of 12:48 PM IST on 2 November 2026. Financials are from the company’s Q2 FY27 results announced on 30 October 2026.
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Ramkrishna Forgings Share Price Today: Key Data
| Metric | Value |
|---|---|
| Price (NSE, 12:48 PM IST) | Rs 698.55, up Rs 51.65 (+7.98%) |
| Open, day's high and day's low | Rs 690.00, Rs 711.00 and Rs 661.65 |
| Previous close (30 October) | Rs 646.90 |
| Volume (NSE) | About 59.5 lakh shares |
| Market cap | About Rs 11,991 crore |
| P/E ratio (industry P/E) | 64.10 (47.42) |
| P/B ratio / Return on equity | 3.43 / 5.20% |
| Debt to equity | 0.64 |
| Dividend yield | 0.15% |
Source: NSE and BSE data and company filings. The 35% gain in 2026 is as cited in market reports and has not been separately verified.
Ramkrishna Forgings Q2 Results: The Numbers
| Q2 FY27 metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Consolidated net profit | Rs 70.59 crore | Loss of Rs 9.50 crore | Turnaround |
| Revenue from operations | Rs 1,405.42 crore | Rs 907.53 crore | Up 54.9% |
| EBITDA | Rs 256.23 crore | Rs 122.54 crore | Up 109.1% |
| EBITDA margin | 18.2% | 13.5% | Up about 473 bps |
| Profit before tax | Rs 95.45 crore | Not stated | PAT margin 5.0% |
| H1 FY27 net profit | Rs 117.47 crore | Rs 2.29 crore | Sharply higher |
| H1 FY27 revenue | Rs 2,622.09 crore | Not stated | Up 36.4% |
Source: Ramkrishna Forgings Q2 FY27 results as reported by Business World, Autocar Professional, ScanX and Investywise. Sequentially, profit rose 50.6% from Rs 46.88 crore in Q1 FY27 and revenue rose from Rs 1,216.67 crore. Standalone profit was Rs 67.73 crore against Rs 0.37 crore a year ago.
Why Did Ramkrishna Forgings Swing to Profit?
1. Revenue Up 55% on Domestic Demand and Exports
In the Ramkrishna Forgings Q2 results, revenue growth of 54.9% was supported by healthy domestic demand and resilient export activity, according to the company, along with new order wins of Rs 673 crore. A part of the growth also reflects the consolidation of subsidiaries, so check segment disclosures for organic growth.
2. Operating Leverage Lifted Margins
The forgings maker’s EBITDA more than doubled while revenue rose by half, which shows operating leverage: the EBITDA margin expanded to 18.2% from 13.5%. For the first half, EBITDA rose 75.1% to Rs 474.70 crore with the margin at 18.1% against 14.1%. Management noted that rising logistics and shipping costs are exerting some pressure on margins.
3. The Year-Ago Base Was Weak
In the Ramkrishna Forgings Q2 results, the year-ago quarter had a loss of Rs 9.50 crore, so the swing to profit looks dramatic. Compare it with the sequential gain of 50.6% for a better sense of momentum.
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Dividend, Debt and New Businesses
The Ramkrishna Forgings dividend is a first interim dividend of Rs 2 per share, and the stock goes ex-dividend on 6 November 2026, so shares must be bought before that date to qualify. The dividend yield is small at 0.15%. The company has said it aims to cut gross debt by Rs 500 crore within this fiscal year, and debt reduction matters because debt to equity stands at 0.64. Management also announced plans to enter semiconductor, aerospace and drone and defence and aerospace technologies, which is a long-term option and not a near-term earnings driver.
The company’s paid-up equity capital also rose from 18,21,70,017 to 18,55,70,017 shares after a preferential allotment, a small dilution to keep in mind.
Ramkrishna Forgings Share Price: Is More Upside Ahead?
| Point | What the data says |
|---|---|
| Earnings momentum | Profit up 50.6% from the previous quarter, EBITDA margin 18.2% |
| Valuation | P/E 64.1 versus industry 47.4, ROE only 5.20% |
| Balance sheet | Debt to equity 0.64, aiming to cut gross debt by Rs 500 crore |
| Price action | Rs 711 high on the day, Rs 698.55 now, previous close Rs 646.90 |
| Risks | Logistics costs, auto and export cycles, premium valuation |
The Ramkrishna Forgings share price is trading at a premium to the industry on trailing earnings, but trailing P/E overstates the multiple because earnings are rising quickly. If margins stay near 18%, forward P/E will be lower. If they slip, the premium becomes harder to justify. No published brokerage targets were available for this result at the time of writing, so check research notes before relying on any single target.
Key Levels to Watch on the Ramkrishna Forgings Chart
For the Ramkrishna Forgings share price, using only price data from today and Friday, the first levels are the day’s high of Rs 711 and the day’s low of Rs 661.65, with Friday’s close of Rs 646.90 as the line that separates the result-day gap from the previous range. A close above Rs 711 would show the buyers still in control, while a slide back toward Rs 661.65 and Rs 646.90 would suggest the gap is being filled. These are observed prices, not a forecast.
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Conclusion
Ramkrishna Forgings share price rallied up to 10% after a profit swing to Rs 70.59 crore, revenue growth of 55% and an EBITDA margin of 18.2%. The stock trades at a premium (P/E 64.1) with a low return on equity (5.20%), so more upside depends on margins holding and debt falling. The Rs 2 dividend goes ex on 6 November.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Ramkrishna Forgings Share Price
What is the Ramkrishna Forgings share price today?
Ans. Ramkrishna Forgings traded at Rs 698.55 on the NSE at 12:48 PM IST on 2 November 2026, up Rs 51.65 or 7.98% from Rs 646.90. It opened at Rs 690, hit a high of Rs 711 (about 10% above the previous close) and a low of Rs 661.65. The market cap is about Rs 11,991 crore.
Why did Ramkrishna Forgings shares jump after Q2 results?
Ans. The shares rose because consolidated profit swung to Rs 70.59 crore from a loss of Rs 9.50 crore, revenue grew 54.9% to Rs 1,405.42 crore, EBITDA more than doubled to Rs 256.23 crore and the EBITDA margin expanded to 18.2%. An interim dividend of Rs 2 and new order wins added to sentiment.
What were Ramkrishna Forgings' Q2 FY27 results?
Ans. Consolidated net profit was Rs 70.59 crore against a loss of Rs 9.50 crore, revenue from operations was Rs 1,405.42 crore against Rs 907.53 crore, and EBITDA was Rs 256.23 crore against Rs 122.54 crore. Profit before tax was Rs 95.45 crore, and H1 FY27 profit was Rs 117.47 crore.
When is the Ramkrishna Forgings dividend ex-date?
Ans. Ramkrishna Forgings declared a first interim dividend of Rs 2 per share, with an ex-date of 6 November 2026 as listed in the corporate action calendar. To qualify, buy the shares before the ex-date. The dividend yield is only about 0.15%, so it is a minor part of the return. Confirm the date on NSE or BSE.
Is Ramkrishna Forgings overvalued after the rally?
Ans. At a P/E of 64.1 against an industry P/E of 47.4, a P/B of 3.43 and a return on equity of 5.20%, the stock trades at a premium on trailing numbers. Rapid earnings growth lowers the forward multiple, so the verdict depends on whether margins stay near 18%. Compare estimates before deciding.
What are the key risks for Ramkrishna Forgings?
Ans. Rising logistics and shipping costs pressuring margins, cyclical demand in commercial vehicles and exports, a debt to equity of 0.64, premium valuation, and the execution risk of entry into semiconductors, aerospace and drone technologies. The company also added shares through a preferential allotment, which slightly dilutes existing holders.
What are the key levels for Ramkrishna Forgings today?
Ans. Today's observed prices are a high of Rs 711, a low of Rs 661.65, an open of Rs 690 and Friday's close of Rs 646.90. A move above Rs 711 would show continued strength, while a fall toward Rs 661.65 and Rs 646.90 would suggest the gap is closing. These are observed prices, not forecasts.
Should I buy Ramkrishna Forgings after a 10% jump?
Ans. Chasing a stock after a sharp gap-up carries short-term risk, particularly at a premium valuation. Investors often stagger entries and wait for the next quarter to confirm margins. Review the company's filings, debt plans and your own risk limits. This is not investment advice, so consult a SEBI-registered advisor.
