🔨 Ramkrishna Forgings Posted ₹408 Cr Profit — But There’s a ₹2,200 Cr Inventory Hole?
🟢 At a Glance:
Ramkrishna Forgings Ltd (RKFORGE) reported a strong ₹408 crore standalone net profit in FY25, announced a ₹1 dividend, and even approved ₹204.75 crore preferential warrants for promoters. Sounds bullish? Not so fast. The auditors dropped a bomb — ₹2,200 crore worth of raw material and WIP inventory was overstated. Yes. That’s not a typo.
🏢 About the Company
Name: Ramkrishna Forgings Ltd
Industry: Auto components, railway wheels, global forging solutions
Clients: OEMs across India, North America, Europe
Recent moves: Set up JV with Titagarh (RTRWL), acquired Mexican unit, sold Globe All India Services
They make the bones of the vehicle — chassis, axles, wheels — and have expanded globally with acquisitions and a government-friendly JV strategy.
