Ramkrishna Forgings RKFORGE
Railways / Vande Bharat & Metro Rolling Stock: Forged wheels/axles - consortium (with Titagarh) for IR's 80,000-wheels/yr plant
Mapped in 2 themes: Electric 4-Wheeler and Railways / Vande Bharat & Metro Rolling Stock.
Where Ramkrishna Forgings sits in the supply chain
Ramkrishna Forgings appears in 2 supply-chain layers across 2 themes: Electric 4-Wheeler and Railways / Vande Bharat & Metro Rolling Stock.
Electric 4-Wheeler › Forgings, castings & precision parts
Emerging entrantForged components, expanding into EV and CV driveline parts
Other companies in this layer
Railways / Vande Bharat & Metro Rolling Stock › Bogies, Wheels, Axles & Bearings
Direct supplierForged wheels/axles - consortium (with Titagarh) for IR's 80,000-wheels/yr plant
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,705 | 4,034 | 4,238 |
| Net profit | 291 | 415 | 72 |
Latest-year revenue ₹4,238 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Railways / Vande Bharat & Metro Rolling Stock
- Anchor partner in India's dedicated large-scale wheel-forging consortium plant, positioning it to capture a structurally import-substituting wheel market as Indian Railways reduces reliance on imported wheelsets
Risks · in Railways / Vande Bharat & Metro Rolling Stock
- Wheel/axle supply is concentrated around one dedicated consortium plant rather than diversified capacity
- Forging is capital-intensive, making it hard to flex quickly with order timing
Common questions
What does Ramkrishna Forgings do?
In Railways / Vande Bharat & Metro Rolling Stock: Forged wheels/axles - consortium (with Titagarh) for IR's 80,000-wheels/yr plant. NextResearch maps it in 2 supply chains: Railways / Vande Bharat & Metro Rolling Stock and Electric 4-Wheeler.
Where does Ramkrishna Forgings sit in the supply chain?
Ramkrishna Forgings (NSE: RKFORGE) is mapped in 2 supply-chain layers: Forgings, castings & precision parts (Electric 4-Wheeler); and Bogies, Wheels, Axles & Bearings (Railways / Vande Bharat & Metro Rolling Stock).
Who are Ramkrishna Forgings' peers?
In the Bogies, Wheels, Axles & Bearings layer of Railways / Vande Bharat & Metro Rolling Stock: Bharat Forge, Timken India, NRB Bearings and Schaeffler India.
What is Ramkrishna Forgings' market cap and valuation?
As of 30 Oct 2026: market cap ₹12,013 Cr, P/E 61.6x, ROCE 5.6%, ROE 2.5%, dividend yield 0.15%.