Buy or Sell: RK Forge Share Price Target 2023, 2024, 2025, 2030 to 2050

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


NameRamkrishna Forgings Limited
SymbolRKFORGE
IndustryForging
Founded1981
CEOMr. Naresh Jalan
HeadquartersKolkata, India
CountryIndia
Locations5 manufacturing facilities in India
Websitewww.rkforge.com
ProfileRamkrishna_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.

RK Forge Share Price Live


Fundamentals of RK Forge


The fundamental analysis of RK Forge Limited focuses on key factors to better understand the company’s valuation.

Brokerage Firms

RK Forge Share Price Target 2023

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.

DATEAUTHORTARGETTYPE
21 JUL 2023Sharekhan 580.00
 Buy
16 MAY 2023Ventura 528.00
 Buy
02 MAY 2023ICICI Direct 400.00
 Buy
28 APR 2023Sharekhan 406.00
 Buy
23 JAN 2023ICICI Direct 335.00
 Buy

RK Forge Share Price History


Analyst Recommendations

RK Forge Buy or Sell

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Daily Low / High


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RK Forge Share Price Target 2023 to 2050

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.

RK Forge Share Price Target 2023


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.

RK Forge Share Price Target 2024


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.

RK Forge Share Price Target 2025


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.

RK Forge Share Price Target 2027


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.

RK Forge Share Price Target 2030


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.

RK Forge Share Price Target 2035


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.

RK Forge Share Price Target 2040


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.

RK Forge Share Price Target 2050


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.

RK Forge Share Price Target 2023 to 2050

YearMinimum TargetMaximum 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

RK Forge Share Price in 2004?

– According to Google historical data, the price of RK Forge on 7 May 2004 was ₹8.41.

What is the Current RK Forge Share Price?

– As of 2 September 2023, the current share price of RK Forge is ₹713 Check out today’s current share price.

RK Forge Share Price Target 2023?

– 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

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Harry
Harry

In 2015, I Started Working as a Blogger Now I am a Versatile Professional With Experience in Blogging and Content Writing. I entered the stock market as a beginner in 2017. I was passionate about the stock market and learned something new every day. I Conduct Thorough Research and Produce High-Quality Content for Our Readers. Every Piece of Content Is Based on My Extensive Expertise and In-Depth Research.

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