About
Krishanveer Forge Limited manufactures and sells seel open die forging products in India and internationally. The company offers plain carbon steels, alloy steels and stainless steels, and shape components; and shafts, square and rectangular section, blanks, rings, and hollow products. It serves its products to oil and gas, infrastructure, power transmission, mining and construction, gear box manufacturing, steel plants, cement, sugar mills, infrastructure, windmill, and other sectors. The company was formerly known as Rajkumar Forge Limited and changed its name to Krishanveer Forge Limited in August 2022. The company was incorporated in 1990 and is based in Pune, India. Krishanveer Forge Limited operates as a subsidiary of Western India Forgings Pvt. Limited.
Key Metrics
as of Sep 2026Market Cap146 Cr
P/E16.20
Div Yield2.26 %
Book Value₹47.00
52w High₹184.00
52w Low₹106.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.14 | 24.35 | 20.33 | 20.98 | 23.64 | 19.82 | 18.16 | 20.25 | 24.86 | 23.19 | 23.01 | 18.48 | 19.26 |
| Expenses | 19.41 | 20.70 | 17.64 | 17.87 | 20.97 | 17.82 | 16.21 | 18.22 | 22.19 | 20.99 | 20.85 | 17.62 | 17.30 |
| Operating Profit | 2.73 | 3.65 | 2.69 | 3.11 | 2.67 | 2.00 | 1.95 | 2.03 | 2.67 | 2.20 | 2.16 | 0.86 | 1.96 |
| OPM % | 12.33 | 14.99 | 13.23 | 14.82 | 11.29 | 10.09 | 10.74 | 10.02 | 10.74 | 9.49 | 9.39 | 4.65 | 10.18 |
| Other Income | 0.46 | 3.96 | -0.48 | 0.23 | 0.33 | 0.40 | 0.27 | 0.00 | 0.00 | 0.31 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.38 | 0.38 | 0.39 | 0.41 | 0.39 | 0.45 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.38 |
| Interest | 0.05 | 0.02 | 0.00 | 0.00 | 0.00 | -0.02 | 0.04 | 0.07 | 0.03 | 0.27 | 0.07 | 0.03 | 0.10 |
| Profit before tax | 2.76 | 7.21 | 1.82 | 2.93 | 2.61 | 1.97 | 1.79 | 1.57 | 2.25 | 1.85 | 1.70 | 0.44 | 1.48 |
| Tax % | 27.54 | 20.25 | 3.85 | 38.91 | 20.31 | 26.40 | 32.40 | 22.29 | 22.67 | 43.78 | 13.53 | 27.27 | 22.30 |
| Net Profit | 2.00 | 5.75 | 1.76 | 1.79 | 2.07 | 1.45 | 1.21 | 1.23 | 1.75 | 1.04 | 1.47 | 0.33 | 1.15 |
| EPS in Rs | 1.83 | 5.26 | 1.61 | 1.64 | 1.89 | 1.33 | 1.11 | 1.12 | 1.60 | 0.95 | 1.34 | 0.30 | 1.05 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 89.00 | 83.00 | 83.00 | 81.00 | 67.00 | 40.00 | 51.00 | 55.00 | 29.00 | 6.00 | 12.00 | 27.00 |
| Expenses | 77.00 | 74.00 | 76.00 | 77.00 | 60.00 | 34.00 | 43.00 | 48.00 | 26.00 | 9.00 | 13.00 | 25.00 |
| Operating Profit | 12.00 | 8.00 | 7.00 | 4.00 | 7.00 | 6.00 | 7.00 | 7.00 | 3.00 | -2.00 | 0.00 | 2.00 |
| OPM % | 14.00 | 10.00 | 8.00 | 5.00 | 10.00 | 16.00 | 15.00 | 13.00 | 9.00 | -39.00 | -1.80 | 6.00 |
| Other Income | 4.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 1.00 | 2.00 |
| Interest | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
| Depreciation | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 15.00 | 8.00 | 5.00 | 2.00 | 5.00 | 4.00 | 6.00 | 4.00 | 1.00 | -4.00 | -2.00 | 3.00 |
| Tax % | 22.00 | 26.00 | 27.00 | 19.00 | 30.00 | 18.00 | 18.00 | 47.00 | 43.00 | -11.00 | -27.00 | 59.00 |
| Net Profit | 11.00 | 6.00 | 4.00 | 2.00 | 4.00 | 4.00 | 5.00 | 2.00 | 0.00 | -4.00 | -1.00 | 1.00 |
| EPS in Rs | 10.40 | 5.16 | 3.65 | 1.50 | 3.44 | 3.27 | 4.18 | 1.90 | 0.39 | -3.38 | -1.02 | 0.97 |
| Dividend Payout % | 29.00 | 48.00 | 55.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Reserves | 40.00 | 32.00 | 28.00 | 24.00 | 23.00 | 19.00 | 16.00 | 11.00 | 9.00 | 9.00 | 12.00 | 14.00 |
| Borrowings | -2.00 | -3.00 | -1.00 | -2.00 | 5.00 | 0.00 | 5.00 | 5.00 | 5.00 | 4.00 | 7.00 | 10.00 |
| Other Liabilities | 19.00 | 16.00 | 14.00 | 11.00 | 13.00 | 12.00 | 12.00 | 13.00 | 8.00 | 4.00 | 4.00 | 5.00 |
| Total Liabilities | 68.00 | 56.00 | 52.00 | 45.00 | 52.00 | 42.00 | 43.00 | 40.00 | 33.00 | 27.00 | 34.00 | 40.00 |
| Fixed Assets | 14.00 | 15.00 | 16.00 | 17.00 | 18.00 | 16.00 | 18.00 | 13.00 | 12.00 | 13.00 | 14.00 | 15.00 |
| CWIP | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 3.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 |
| Investments | 19.00 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 31.00 | 29.00 | 36.00 | 28.00 | 34.00 | 23.00 | 23.00 | 21.00 | 15.00 | 9.00 | 14.00 | 20.00 |
| Total Assets | 68.00 | 56.00 | 52.00 | 45.00 | 52.00 | 42.00 | 43.00 | 40.00 | 33.00 | 27.00 | 34.00 | 40.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.00 | 5.00 | 1.00 | 7.00 | -5.00 | 6.00 | 4.00 | 4.00 | 0.00 | 4.00 | -1.00 | 10.00 |
| Cash from Investing Activity | -1.00 | -1.00 | 0.00 | -1.00 | 0.00 | 0.00 | -3.00 | -3.00 | 0.00 | 0.00 | -1.00 | -3.00 |
| Cash from Financing Activity | -3.00 | -2.00 | 0.00 | -1.00 | 0.00 | -2.00 | 1.00 | -1.00 | -1.00 | 0.00 | -1.00 | -6.00 |
| Net Cash Flow | -2.00 | 2.00 | 0.00 | 6.00 | -5.00 | 4.00 | 2.00 | 0.00 | -2.00 | 4.00 | -3.00 | 0.00 |
| Free Cash Flow | 1.00 | 4.00 | 0.00 | 7.00 | -5.00 | 5.00 | 1.00 | 2.00 | 0.00 | 4.00 | -2.00 | 6.00 |
| CFO/OP % | 35.00 | 86.00 | 27.00 | 204.00 | -48.00 | 99.00 | 69.00 | 64.00 | 11.00 | -178.00 | 104.00 | 685.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92.00 | 82.00 | 87.00 | 76.00 | 98.00 | 112.00 | 107.00 | 86.00 | 100.00 | 160.00 | 87.00 | 64.00 |
| Inventory Days | 58.00 | 61.00 | 108.00 | 70.00 | 126.00 | 150.00 | 76.00 | 69.00 | 132.00 | 809.00 | 531.00 | 159.00 |
| Days Payable | 101.00 | 90.00 | 66.00 | 51.00 | 81.00 | 156.00 | 115.00 | 111.00 | 140.00 | 449.00 | 95.00 | 108.00 |
| Cash Conversion Cycle | 49.00 | 53.00 | 128.00 | 96.00 | 143.00 | 105.00 | 69.00 | 44.00 | 92.00 | 520.00 | 523.00 | 116.00 |
| Working Capital Days | 60.00 | 71.00 | 104.00 | 88.00 | 88.00 | 103.00 | 59.00 | 27.00 | 31.00 | 108.00 | 77.00 | 22.00 |
| ROCE % | 27.00 | 20.00 | 17.00 | 8.00 | 17.00 | 16.00 | 21.00 | 24.00 | 7.00 | -12.00 | -2.00 | 5.00 |
Corporate Actions
8 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 2.50 | |
| Dividend | 06 Sep 2024 | 06 Sep 2024 | — | 2.00 | |
| Dividend | 02 Aug 2013 | — | — | 1.50 | |
| Dividend | 03 Aug 2012 | — | — | 1.50 | |
| Dividend | 12 Sep 2011 | — | — | 1.00 | |
| Dividend | 15 Jul 2010 | — | — | 1.00 | |
| Dividend | 09 Jul 2009 | — | — | 0.85 | |
| Other | 04 Nov 2002 | — | — | — | General |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update6 Feb 2025 from fitch
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Rating update7 Nov 2023 from fitch
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Rating update11 Oct 2023 from fitch
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Rating update28 Jul 2023 from fitch
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Rating update29 Apr 2022 from fitch
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Rating update28 Apr 2022 from fitch