{"id":306060,"date":"2026-10-13T16:50:18","date_gmt":"2026-10-13T11:20:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=306060"},"modified":"2026-10-13T16:50:18","modified_gmt":"2026-10-13T11:20:18","slug":"ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/","title":{"rendered":"Ramkrishna Forgings Share Price Up 34% in 2026: Monarch Networth Sees 18% Upside With Rs 806 Target, Here&#8217;s Why"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Ramkrishna Forgings share price: about Rs 694.20 on 13 Oct 2026 (MarketsMojo page). Monarch Networth Capital: Buy, target price Rs 806, about 18% upside (per the news headline). 52-week range Rs 460.15 to Rs 772.40. Up about 34% in 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Ramkrishna Forgings share price has risen about 34% in 2026, and Monarch Networth Capital has initiated coverage with a Buy rating and a target price of Rs 806, which implies about 18% upside. The brokerage cites diversification, railway growth and improving capacity utilisation, and expects strong earnings growth through FY29. The stock traded near Rs 694.20 on 13 October 2026 on one data page, so the gap to Rs 806 is about 16% on that quote (my calculation). The full Monarch report was not available to me, so the reference price and estimates are unverified.<\/p>\n<\/p><\/div>\n<p>The Ramkrishna Forgings share price is in focus after Monarch Networth Capital began coverage of the forgings company with a Buy call. The brokerage sees the stock reaching Rs 806, and it points to a wider customer base, a growing railway business and higher use of plant capacity as the drivers.<\/p>\n<p>This article explains what supports the Ramkrishna Forgings share price, what the Q1 FY27 numbers show, what management has guided for FY29 and where the risks are. Where I calculate a figure myself, I label it, and I flag items I could not verify.<\/p>\n<p>A target price is an opinion, not a promise. The Ramkrishna Forgings share price has already run up in 2026, and valuation data differs a lot across sources, so read the numbers with care.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Ramkrishna_Forgings_Share_Price_Monarch_Networth_Rs_806_Target_Explained\" title=\"Ramkrishna Forgings Share Price: Monarch Networth Rs 806 Target Explained\">Ramkrishna Forgings Share Price: Monarch Networth Rs 806 Target Explained<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_Is_Driving_the_Ramkrishna_Forgings_Share_Price\" title=\"What Is Driving the Ramkrishna Forgings Share Price\">What Is Driving the Ramkrishna Forgings Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Ramkrishna_Forgings_Q1_FY27_Results_The_Numbers_Behind_the_Share_Price\" title=\"Ramkrishna Forgings Q1 FY27 Results: The Numbers Behind the Share Price\">Ramkrishna Forgings Q1 FY27 Results: The Numbers Behind the Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Ramkrishna_Forgings_Share_Price_Outlook_Through_FY29\" title=\"Ramkrishna Forgings Share Price Outlook Through FY29\">Ramkrishna Forgings Share Price Outlook Through FY29<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Risks_for_Ramkrishna_Forgings_Share_Price_Investors\" title=\"Risks for Ramkrishna Forgings Share Price Investors\">Risks for Ramkrishna Forgings Share Price Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_to_Watch_Next_for_the_Ramkrishna_Forgings_Share_Price\" title=\"What to Watch Next for the Ramkrishna Forgings Share Price\">What to Watch Next for the Ramkrishna Forgings Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_is_the_Monarch_Networth_target_price_for_Ramkrishna_Forgings\" title=\"What is the Monarch Networth target price for Ramkrishna Forgings?\">What is the Monarch Networth target price for Ramkrishna Forgings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Why_is_the_Ramkrishna_Forgings_share_price_up_in_2026\" title=\"Why is the Ramkrishna Forgings share price up in 2026?\">Why is the Ramkrishna Forgings share price up in 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_did_Ramkrishna_Forgings_report_in_Q1_FY27\" title=\"What did Ramkrishna Forgings report in Q1 FY27?\">What did Ramkrishna Forgings report in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_is_the_Ramkrishna_Forgings_share_price_today\" title=\"What is the Ramkrishna Forgings share price today?\">What is the Ramkrishna Forgings share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_is_the_52-week_range_of_Ramkrishna_Forgings\" title=\"What is the 52-week range of Ramkrishna Forgings?\">What is the 52-week range of Ramkrishna Forgings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_is_the_Ramkrishna_Forgings_revenue_target_for_FY29\" title=\"What is the Ramkrishna Forgings revenue target for FY29?\">What is the Ramkrishna Forgings revenue target for FY29?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#What_are_the_risks_for_the_Ramkrishna_Forgings_share_price\" title=\"What are the risks for the Ramkrishna Forgings share price?\">What are the risks for the Ramkrishna Forgings share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ramkrishna-forgings-share-price-up-34-percent-in-2026-monarch-networth-sees-18-percent-upside-with-rs-806-target-price-heres-why\/#Should_I_buy_Ramkrishna_Forgings_after_the_Monarch_Networth_Buy_call\" title=\"Should I buy Ramkrishna Forgings after the Monarch Networth Buy call?\">Should I buy Ramkrishna Forgings after the Monarch Networth Buy call?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ramkrishna_Forgings_Share_Price_Monarch_Networth_Rs_806_Target_Explained\"><\/span><strong>Ramkrishna Forgings Share Price: Monarch Networth Rs 806 Target Explained<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monarch Networth Capital initiated coverage with a Buy and a Rs 806 target, which the headline puts at about 18% upside. Working backwards, that implies a reference price near Rs 683 (my calculation: 806 divided by 1.18). The Monarch report date and reference price were not available to me, so treat that as an estimate.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Monarch Networth rating<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Initiation of coverage<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Target price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 806<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 18% upside per the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Implied reference price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 683<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation, unverified<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quote on 13 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 694.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MarketsMojo page, 4:01 pm<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Upside from Rs 694.20 to Rs 806<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 16.1%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">My calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 772.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Target is about 4.3% above it (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The Ramkrishna Forgings share price needs to clear its 52-week high of Rs 772.40 for the Monarch target price to play out. That is a gap of about 11.3% from Rs 694.20 to the high (my calculation), and a further 4.3% to Rs 806.<\/p>\n<p><strong>Risk:<\/strong> A Buy call from one brokerage does not remove the risk of a fall. The Ramkrishna Forgings share price has gained about 34% in 2026, so some investors may already be booking profit.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Screen forging and railway stocks on the Univest Screener<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Driving_the_Ramkrishna_Forgings_Share_Price\"><\/span><strong>What Is Driving the Ramkrishna Forgings Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Monarch Networth names three drivers: diversification, railway growth and improving capacity utilisation. Company disclosures help to check each one.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Driver<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What the company has said<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Diversification<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Non-ferrous forgings (aluminium, titanium, inconel) for aerospace, robotics and semiconductors<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reduces reliance on automotive, which was 48.8% of domestic revenue in Q1 FY27<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Railway growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rail Wheel JV trial production started; bulk production expected Sep to Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Forged wheels add a new revenue line<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capacity utilisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Castings volume up 84.8% in Q1; forgings volume up 4%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Higher use of plants spreads fixed costs<\/td>\n<\/tr>\n<\/table>\n<p>The Ramkrishna Forgings share price also reflects the Chennai forged wheel plant. Earlier reports put the investment at Rs 2,000 crore (one source says Rs 2,180 crore in two phases), with capacity of 228,000 wheels a year and up to 30% meant for export. The railway wheel contract was cited at Rs 12,227 crore over 20 years for 15.4 lakh wheels, with Ramkrishna holding 51% of a consortium with Titagarh Rail Systems.<\/p>\n<p><strong>Data note:<\/strong> Plant investment and contract values come from earlier news reports and differ across sources. Check the company&#8217;s stock exchange filings before relying on them.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ramkrishna_Forgings_Q1_FY27_Results_The_Numbers_Behind_the_Share_Price\"><\/span><strong>Ramkrishna Forgings Q1 FY27 Results: The Numbers Behind the Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Ramkrishna Forgings share price jumped about 8% intraday to Rs 617.25 after the Q1 FY27 results in late July. Revenue grew about 19.8% and operating profit rose far faster.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Year earlier<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,217 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,015 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+19.8% (flat QoQ)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 218 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 149 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+47%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">17.96%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14.64%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+3.3 percentage points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">PBT before exceptional items<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 65 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 24 crore (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+172.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Forgings volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">47,012 tonnes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 45,200 tonnes (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Castings volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8,593 tonnes<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 4,650 tonnes (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">+84.8%<\/td>\n<\/tr>\n<\/table>\n<p>The Ramkrishna Forgings share price also tracks pricing: domestic forgings realisation rose to Rs 2.05 lakh per tonne from Rs 1.78 lakh. Domestic business was 67.7% of revenue and exports 32.3%. New orders included Rs 278 crore in automobiles and Rs 15 crore from Indian Railways for metro work. The order book was Rs 9,635 crore on 31 March 2026, which supports the Ramkrishna Forgings share price.<\/p>\n<p><strong>Data conflict:<\/strong> MarketsMojo shows Q1 consolidated net profit of Rs 46.88 crore, down 16.2% from the previous quarter, while the company commentary reports profit after tax up 297% from a year earlier. Both can be true because the base and the exceptional items differ. Verify against the filing.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Ramkrishna Forgings share price and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ramkrishna_Forgings_Share_Price_Outlook_Through_FY29\"><\/span><strong>Ramkrishna Forgings Share Price Outlook Through FY29<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Management has set a revenue target of Rs 8,000 crore by FY29, a growth rate of 22% to 25% a year. From FY26 revenue of about Rs 4,238 crore, that works out to about 23.6% a year (my calculation), which is consistent with the guidance.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Guidance item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Management target<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue by FY29<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 8,000 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue growth rate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22% to 25% a year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ROCE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">12% to 15% in FY27, rising to 20% in FY28<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net debt reduction in FY27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">At least Rs 500 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capex<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 350 crore<\/td>\n<\/tr>\n<\/table>\n<p>If management delivers, the Ramkrishna Forgings share price may keep rising with earnings. If the railway ramp-up slips, or margins fall back, the Monarch target price may look too high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_for_Ramkrishna_Forgings_Share_Price_Investors\"><\/span><strong>Risks for Ramkrishna Forgings Share Price Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Valuation data varies by source. MarketsMojo shows a P\/E of 112 and a P\/B of 3.92, while earlier readings in other sources were nearer 45 to 50, and the stock page rates the stock Hold (updated 21 July 2026). I could not reconcile these, so check the live ratio.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Risk<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What the data shows<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity 0.69; debt to EBITDA 3.81 times on one dashboard<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return ratios<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Latest ROCE 5.56%, ROE 2.43%; 5-year average ROCE 11.77%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Customer concentration<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Automotive is 48.8% of domestic revenue; railways 6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Accounting history<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Inventory accounting errors were disclosed for Q4 FY25<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Execution<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wheel plant and Rail Wheel JV ramp-up are still to prove out<\/td>\n<\/tr>\n<\/table>\n<p><strong>Risk:<\/strong> Because the latest return ratios are below the guidance, the Ramkrishna Forgings share price depends on the improvement actually showing up in the next results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_the_Ramkrishna_Forgings_Share_Price\"><\/span><strong>What to Watch Next for the Ramkrishna Forgings Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Ramkrishna Forgings share price reaction near Rs 772.40, the 52-week high<\/li>\n<li>Q2 FY27 results and the EBITDA margin against the 17.96% base<\/li>\n<li>Start of bulk production at the Rail Wheel joint venture<\/li>\n<li>Progress on the Rs 500 crore net debt reduction goal, a driver of the Ramkrishna Forgings share price<\/li>\n<li>The full Monarch Networth report, once available, for its estimates<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Ramkrishna Forgings share price has strong operating momentum behind it, and Monarch Networth&#8217;s Rs 806 target price rests on railways, diversification and better capacity use. The stock is also up about 34% in 2026 and ratios are stretched on some sources, so a Buy call is a view to test, not a signal to follow.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Monarch_Networth_target_price_for_Ramkrishna_Forgings\"><\/span><strong>What is the Monarch Networth target price for Ramkrishna Forgings?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Monarch Networth Capital initiated coverage with a Buy and a target price of Rs 806, which implies about 18% upside, according to the news headline. The report itself was not available to me.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_the_Ramkrishna_Forgings_share_price_up_in_2026\"><\/span><strong>Why is the Ramkrishna Forgings share price up in 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Ramkrishna Forgings share price is up about 34% in 2026 on strong Q1 FY27 results, a rising EBITDA margin, railway wheel plans and the FY29 growth guidance from management.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Ramkrishna_Forgings_report_in_Q1_FY27\"><\/span><strong>What did Ramkrishna Forgings report in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue was Rs 1,217 crore, up 19.8% from a year earlier, EBITDA was Rs 218 crore, up 47%, and the EBITDA margin was 17.96% against 14.64%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ramkrishna_Forgings_share_price_today\"><\/span><strong>What is the Ramkrishna Forgings share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> One data page showed Rs 694.20 on 13 October 2026 at 4:01 pm. Check NSE or BSE for the live Ramkrishna Forgings share price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_range_of_Ramkrishna_Forgings\"><\/span><strong>What is the 52-week range of Ramkrishna Forgings?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 52-week low is Rs 460.15 and the high is Rs 772.40, according to MarketsMojo.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ramkrishna_Forgings_revenue_target_for_FY29\"><\/span><strong>What is the Ramkrishna Forgings revenue target for FY29?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Management targets revenue of Rs 8,000 crore by FY29, which is growth of 22% to 25% a year, with ROCE rising to 20% in FY28.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_for_the_Ramkrishna_Forgings_share_price\"><\/span><strong>What are the risks for the Ramkrishna Forgings share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Risks include high valuation on some sources, debt, low latest ROCE, dependence on automotive customers, past inventory accounting errors and execution of the railway wheel plant.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_Ramkrishna_Forgings_after_the_Monarch_Networth_Buy_call\"><\/span><strong>Should I buy Ramkrishna Forgings after the Monarch Networth Buy call?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A Buy call is one opinion. Check valuation, results and your risk limits before acting, and speak to a SEBI registered adviser. This article is not investment advice.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Monarch Networth target price for Ramkrishna Forgings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Monarch Networth Capital initiated coverage with a Buy and a target price of Rs 806, which implies about 18% upside, according to the news headline. The report itself was not available to me.\"}},{\"@type\":\"Question\",\"name\":\"Why is the Ramkrishna Forgings share price up in 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Ramkrishna Forgings share price is up about 34% in 2026 on strong Q1 FY27 results, a rising EBITDA margin, railway wheel plans and the FY29 growth guidance from management.\"}},{\"@type\":\"Question\",\"name\":\"What did Ramkrishna Forgings report in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue was Rs 1,217 crore, up 19.8% from a year earlier, EBITDA was Rs 218 crore, up 47%, and the EBITDA margin was 17.96% against 14.64%.\"}},{\"@type\":\"Question\",\"name\":\"What is the Ramkrishna Forgings share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"One data page showed Rs 694.20 on 13 October 2026 at 4:01 pm. Check NSE or BSE for the live Ramkrishna Forgings share price.\"}},{\"@type\":\"Question\",\"name\":\"What is the 52-week range of Ramkrishna Forgings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 52-week low is Rs 460.15 and the high is Rs 772.40, according to MarketsMojo.\"}},{\"@type\":\"Question\",\"name\":\"What is the Ramkrishna Forgings revenue target for FY29?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Management targets revenue of Rs 8,000 crore by FY29, which is growth of 22% to 25% a year, with ROCE rising to 20% in FY28.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks for the Ramkrishna Forgings share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Risks include high valuation on some sources, debt, low latest ROCE, dependence on automotive customers, past inventory accounting errors and execution of the railway wheel plant.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy Ramkrishna Forgings after the Monarch Networth Buy call?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A Buy call is one opinion. Check valuation, results and your risk limits before acting, and speak to a SEBI registered adviser. This article is not investment advice.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ramkrishna Forgings share price is up about 34% in 2026 and Monarch Networth set a Buy with a Rs 806 target. Read Q1 FY27 numbers, FY29 guidance, risks and key levels.<\/p>\n","protected":false},"author":28,"featured_media":306059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[9560,1171,6076,11893],"class_list":["post-306060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-monarch-networth","tag-railway-stocks","tag-ramkrishna-forgings","tag-rkforge"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["306059"],"rank_math_title":["Ramkrishna Forgings Share Price: Monarch Rs 806 Target Why"],"rank_math_description":["Ramkrishna Forgings share price is up 34% in 2026 and Monarch Networth set a Buy with a Rs 806 target, about 18% upside. See Q1 FY27 numbers, risks and key levels."],"rank_math_focus_keyword":["Ramkrishna Forgings share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/ramkrishna-forgings-share-price-up-34-in-2026-monarch-networth-sees-18-upside.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=306060"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306060\/revisions"}],"predecessor-version":[{"id":306061,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/306060\/revisions\/306061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/306059"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=306060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=306060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=306060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}