Today, we’re going on a journey to explore the estimated RK Forge Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected RK Forge Share Price Target.
Ramkrishna Forgings Limited (RK Forge) is a public company in India that specializes in forging, machining, heat treatment, and surface treatment. The company was founded in 1981 and is headquartered in Kolkata, India.
RK Forge primarily caters to the requirements of original equipment manufacturers (OEMs) and tier-1 auto-component suppliers worldwide. The company generates 79% of its revenue from the auto segment and 21% of its revenue is generated from the non-auto segment.
RK Forge has a strong focus on innovation and technology and has a good track record of maintaining high EBITDA margins. The company’s revenue is well diversified geographically, with Europe, North America, and Asia accounting for 15%, 25%, and 60% of its revenue, respectively (in FY2023).
The company’s management assumes that the acquisition of a casting manufacturer would help RK Forge offer system-level offerings to the customer by combining casting and forging parts. With this acquisition, RK Forge would be able to supply the entire differential assembly and trailer axle assembly consisting of casting and forgings
Overview of RK Forge
| Name | Ramkrishna Forgings Limited |
| Symbol | RKFORGE |
| Industry | Forging |
| Founded | 1981 |
| CEO | Mr. Naresh Jalan |
| Headquarters | Kolkata, India |
| Country | India |
| Locations | 5 manufacturing facilities in India |
| Website | www.rkforge.com |
| Profile | Ramkrishna_Forgings |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched RK Forge Share price target for 2023, 2025, 2030 to 2050. Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Keep an eye on RK Forge’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in RK Forge’s share price.
Fundamentals of RK Forge
The fundamental analysis of RK Forge Limited focuses on key factors to better understand the company’s valuation.
Brokerage Firms
An effective method for evaluating the RK Forge share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 21 JUL 2023 | Sharekhan | 580.00 |
Buy
|
| 16 MAY 2023 | Ventura | 528.00 |
Buy
|
| 02 MAY 2023 | ICICI Direct | 400.00 |
Buy
|
| 28 APR 2023 | Sharekhan | 406.00 |
Buy
|
| 23 JAN 2023 | ICICI Direct | 335.00 |
Buy
|
Analyst Recommendations
RK Forge Buy or Sell
Daily Low / High
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched RK Forge price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
In 2023, I expect RK Forge to continue its growth trajectory, driven by its inorganic growth plan and diversification strategies, the expectation of timely commissioning of new capacities, and sustainable operating performance. Additionally, the company has maintained its target of 15-20% volume growth and high margin in FY2024. Therefore, I believe that the share price target for 2023 could range between ₹800 – ₹850.
In 2024, I expect RK Forge to continue its growth momentum, driven by its strong performance in the previous years. The company has maintained its target of 15-20% volume growth and high margin in FY2024. Additionally, the company’s EBITDA margin has been above 22% for six consecutive quarters. Therefore, I believe that the share price target for 2024 could range between ₹950 – ₹1000.
In 2025, I expect RK Forge to continue its growth trajectory, driven by its strong performance in the previous years. The company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Additionally, the company has a strong focus on sustainability and has a good ESG Disclosure Score [T3]. Therefore, I believe that the share price target for 2025 could range between ₹1100 – ₹1200.
In 2027, I expect RK Forge to continue its growth trajectory, driven by its strong performance in the previous years. The company has a good track record of maintaining high EBITDA margins and has a strong focus on innovation and technology. Additionally, the company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Therefore, I believe that the share price target for 2027 could range between ₹1500 – ₹1600.
In 2030, I expect RK Forge to continue its growth momentum, driven by its strong performance in the previous years. The company has a good track record of maintaining high EBITDA margins and has a strong focus on innovation and technology. Additionally, the company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Therefore, I believe that the share price target for 2030 could range between ₹2000 – ₹2200.
In 2035, I expect RK Forge to continue its growth trajectory, driven by its strong performance in the previous years. The company has a good track record of maintaining high EBITDA margins and has a strong focus on innovation and technology. Additionally, the company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Therefore, I believe that the share price target for 2035 could range between ₹3000- ₹3200.
In 2040, I expect RK Forge to continue its growth momentum, driven by its strong performance in the previous years. The company has a good track record of maintaining high EBITDA margins and has a strong focus on innovation and technology. Additionally, the company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Therefore, I believe that the share price target for 2040 could range between ₹4000 – ₹4200.
In 2050, I expect RK Forge to continue its growth trajectory, driven by its strong performance in the previous years. The company has a good track record of maintaining high EBITDA margins and has a strong focus on innovation and technology. Additionally, the company’s revenue is well diversified geographically, and it has a strong presence in the auto segment, which is expected to grow in the coming years. Therefore, I believe that the share price target for 2050 could range between ₹6000 – ₹6200.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹800 | ₹850 |
| 2024 | ₹950 | ₹1000 |
| 2025 | ₹1100 | ₹1200 |
| 2027 | ₹1500 | ₹1600 |
| 2030 | ₹2000 | ₹2200 |
| 2035 | ₹3000 | ₹3200 |
| 2040 | ₹4000 | ₹4200 |
| 2050 | ₹6000 | ₹6200 |
– According to Google historical data, the price of RK Forge on 7 May 2004 was ₹8.41.
– As of 2 September 2023, the current share price of RK Forge is ₹713 Check out today’s current share price.
– Based on our analysis, the maximum share price target for RK Forge in 2023 could be ₹850.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “RK Forge Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold RK Forge stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
