Ramkrishna Forgings (NSE:RKFORGE) Interest Coverage: 2.09 (As of Mar. 2026) — 20% Below Median


NSE:RKFORGE Ramkrishna Forgings Ltd NSE:RKFORGE
84 GF Score
Price ₹558.65
GF Value ₹789.29
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ramkrishna Forgings Interest Coverage?

Ramkrishna Forgings NSE:RKFORGE -0.90% 84 Interest Coverage is 2.09 as of Mar. 2026, which is 20% below its 10-year median of 2.61. GuruFocus rates NSE:RKFORGE with a GF Score™ of 84/100 and a GF Value™ of ₹789.29 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,325 Industrial Products companies, Ramkrishna Forgings ranks worse than 92.65% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Ramkrishna Forgings's Operating Income for the three months ended in Mar. 2026 was ₹1,197 Mil. Ramkrishna Forgings's Interest Expense for the three months ended in Mar. 2026 was ₹-573 Mil. Ramkrishna Forgings's interest coverage for the quarter that ended in Mar. 2026 was 2.09. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ramkrishna Forgings's Interest Coverage or its related term are showing as below:

NSE:RKFORGE' s Interest Coverage Range Over the Past 10 Years
Min: 1.2   Med: 2.61   Max: 5.14
Current: 1.47


NSE:RKFORGE's Interest Coverage is ranked worse than
92.65% of 2325 companies
in the Industrial Products industry
Industry Median: 14.8 vs NSE:RKFORGE: 1.47

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Ramkrishna Forgings  (NSE:RKFORGE) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Ramkrishna Forgings Interest Coverage Related Terms


Ramkrishna Forgings Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ramkrishna Forgings's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ramkrishna Forgings Interest Coverage Chart

Ramkrishna Forgings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.25 5.14 5.06 1.74 1.47

Ramkrishna Forgings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 1.42 0.79 1.55 2.09

NSE:RKFORGE vs CRS, ATI, MLI: Interest Coverage Comparison

For the Metal Fabrication subindustry, Ramkrishna Forgings's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ramkrishna Forgings Interest Coverage vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ramkrishna Forgings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ramkrishna Forgings's Interest Coverage falls into.


NSE:RKFORGE
84GF Score
Ramkrishna Forgings Ltd NSE:RKFORGE
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ramkrishna Forgings Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ramkrishna Forgings's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Ramkrishna Forgings's Interest Expense was ₹-2,103 Mil. Its Operating Income was ₹3,098 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹16,913 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*3098.107/-2103.45
=1.47

Ramkrishna Forgings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ramkrishna Forgings's Interest Expense was ₹-573 Mil. Its Operating Income was ₹1,197 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹16,913 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*1197.421/-573.151
=2.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.09 mean?
Ramkrishna Forgings (NSE:RKFORGE) has a Interest Coverage of 2.09 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ramkrishna Forgings and its competitors. This is 20% below median its historical median of 2.61. Over the past decade, Ramkrishna Forgings' Interest Coverage has ranged from 1.20 to 5.14. According to the industry distribution chart, Ramkrishna Forgings ranks #2154 out of 2325 companies in the Industrial Products industry, placing it in the top 92.6%.
Is Ramkrishna Forgings' Interest Coverage too high?
Ramkrishna Forgings' current Interest Coverage of 2.09 is 20% below median its 10-year median of 2.61. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 5.14. The Industrial Products industry median Interest Coverage is 14.80. Ramkrishna Forgings' value of 2.09 is 85.9% below this industry median. Based on the distribution chart, Ramkrishna Forgings ranks #2154 out of 2325 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ramkrishna Forgings has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ramkrishna Forgings' Interest Coverage compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Ramkrishna Forgings ranks #2154 out of 2325 companies for Interest Coverage. This places Ramkrishna Forgings in the lower half of its industry. The industry median Interest Coverage is 14.80. Ramkrishna Forgings' value of 2.09 is 85.9% below this benchmark. Historically, Ramkrishna Forgings' own Interest Coverage has ranged from 1.20 to 5.14 over the past decade. While the company's 10-year median is 2.61 vs. the industry median of 14.80, Ramkrishna Forgings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.80, based on 2,325 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ramkrishna Forgings's current Interest Coverage of 2.09 is 85.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ramkrishna Forgings and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramkrishna Forgings's current Interest Coverage is 2.09, which is 20% below median its own 10-year median of 2.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramkrishna Forgings stock overvalued right now?
Based on GuruFocus' analysis, Ramkrishna Forgings (NSE:RKFORGE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹789.29, compared to a current price of ₹558.65 — trading 29.2% below its estimated fair value. The current Interest Coverage is 2.09, which is 20% below median its 10-year median of 2.61 and 85.9% below the Industrial Products industry median of 14.80. Ramkrishna Forgings' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ramkrishna Forgings (NSE:RKFORGE), the current Interest Coverage is 2.09 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ramkrishna Forgings (NSE:RKFORGE) Overvalued in 2026?

Based on GuruFocus' analysis, Ramkrishna Forgings stock appears to be undervalued. The current stock price of ₹558.65 is trading 29.2% below its estimated GF Value™ of ₹789.29. GuruFocus considers Ramkrishna Forgings to be Modestly Undervalued.

Key valuation signals for NSE:RKFORGE:

  • Interest Coverage: 2.09 (20% below median its 10-year median of 2.61)
  • GF Value™: ₹789.29 vs. price of ₹558.65 (29.2% below fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 85.9% below the Industrial Products median (#2154 of 2325)

No single metric tells the full story. See the NSE:RKFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ramkrishna Forgings Business Description

Other Exchanges 532527:India
Address 23, Circus Avenue, 9th Floor, Kolkata, WB, IND, 700 017
Ramkrishna Forgings Ltd is an Indian-based company, that engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. The company's forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants, and others. Geographically the company caters its services to both domestic and overseas markets.
84GF Score

Get the complete analysis for NSE:RKFORGE

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹558.65
Price
₹789.29
GF Value