Buy Ramkrishna Forgings; target of Rs 1111: Sharekhan

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26 Aug, 2025 12:21

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Sharekhan's research report on Ramkrishna Forgings

Adjusted PBT at Rs 126.3 crore was in line estimates, but APAT missed estimates on higher tax provisions. Company continued to guide for a 15-20% volume growth guidance in near term.

Outlook

We maintain a Buy rating with a revised PT of Rs. 1111 on diversification strategies, robust guidance, firm business plan and management’s focus on sustaining high OPM. Stock trades at P/E multiple of 25.7x and EV/EBITDA multiple of 13.3x its FY27E estimates.

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Ramkrishna Forgings - 25102024 - khan