Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Ramkrishna Forgings Ltd ( (IN:RKFORGE) ) has shared an update.
Ramkrishna Forgings Limited has had its long-term rating reaffirmed at ‘CRISIL AA-/Negative’ and short-term rating at ‘CRISIL A1+’, with both removed from watch, covering Rs 1,650 crore of bank facilities and Rs 300 crore of commercial paper. CRISIL’s action follows management’s corrective measures to tighten internal controls over inventory reporting, completion of an external fact-finding review that found no further discrepancies beyond those booked in fiscal 2025, and a planned promoter-backed compensation of Rs 204.75 crore via convertible warrants, part of which has already been infused. However, the negative outlook reflects weaker-than-expected operating efficiency and capital structure amid a slowdown in the commercial vehicle industry, lower export contribution due to US customs duties, and potential demand and margin risks from new Mexican duties on Indian exports, all of which remain key monitorables for the company and its lenders.
More about Ramkrishna Forgings Ltd
Ramkrishna Forgings Limited is an India-based forging company supplying critical components largely to the commercial vehicle segment and export markets. The company operates substantial bank and commercial paper facilities and is exposed to cyclical demand in global automotive and related industries, with a notable share of revenue derived from exports to the US and Mexico.
Average Trading Volume: 48,693
Technical Sentiment Signal: Hold
Current Market Cap: 89.92B INR
See more data about RKFORGE stock on TipRanks’ Stock Analysis page.