Buy Ramkrishna Forgings; target of Rs 888: Sharekhan

Sharekhan's research report on Ramkrishna Forgings

RKFL has guided for a turnover of Rs 4500-4800 crore on a standalone basis and Rs 5600-6075 crore on a consolidated basis by FY26. It is emerging as a key beneficiary of the China +1 and Europe +1 trends.

Outlook

We maintain our Buy with an unchanged PT of Rs. 888 on its inorganic growth plan, diversification strategies, robust guidance, firm business plan and management’s focus on sustaining high operating margins. Stock trades at P/E multiple of 24x and EV/ EBITDA multiple of 12.1x its FY26E estimates.

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