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    Manufacturing - Metal Fabrication
Krishanveer Forge Ltd.

Krishanveer Forge Ltd.

KVFORGE.BO
Krishanveer Forge Ltd.IN flagBombay Stock Exchange
179.75
INR
+8.40
- -
1.97BMarket Cap
Krishanveer Forge Ltd.
KVFORGE.BO
(Bombay Stock Exchange)

Recent

price

179.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
30.17
49.3
33.73
28.55
21.84
9.36
3.89
21.57
43.08
40.59
34.9
55.15
62.51
64.51
75.69
- -
81.64
Revenue per Share
1.83
2.96
5.02
0.23
0.97
-1.02
-3.38
0.39
1.9
4.18
3.27
3.43
1.5
3.65
5.15
- -
10.4
Basic EPS, GAAP
-8.26
9.82
-0.49
10.98
8.88
-0.47
3.85
-0.22
1.84
-2.06
4.97
-7.17
5.96
-0.26
3.86
- -
- -
Free Cash Flow per Basic Share
1
1.5
1.5
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
- -
- -
Dividend per Share
15.09
16.26
19.29
19.36
20.24
19.22
15.83
16.16
18.04
22.15
25.09
28.49
29.99
33.61
36.73
- -
10
Book Value per Share
16.77
18.11
21.41
21.51
22.4
21.38
18
18.34
20.22
24.33
27.28
30.69
32.14
35.69
38.74
- -
46.98
Tangible Book Value per Share
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
- -
11
Basic Weighted Avg Shares
330
539
369
312
239
102
43
236
471
444
382
603
684
706
828
893
893
Sales/Revenue/Turnover
9.89
14.29
10.67
7.93
2.11
-12.4
-71.71
6.72
13.24
13.72
13.09
8.42
3.76
7.53
8.15
11.81
11.81
Operating Margin (%)
11
7
7
8
10
12
13
12
12
14
16
15
16
15
16
16
16
Depreciation Expense
20
32
55
3
11
-11
-37
4
21
46
36
38
16
40
56
114
114
Net Income, GAAP
35.99
33.71
- -
54.86
58.56
- -
- -
44.25
46.64
18.17
18.43
29.95
19.43
27.09
25.68
21.88
21.88
Effective Tax Rate (%)
6.07
6.01
14.89
0.81
4.44
-10.94
-86.99
1.8
4.42
10.29
9.38
6.23
2.41
5.65
6.81
12.74
12.74
Profit Margin (%)
136
145
144
45
46
31
24
31
50
94
129
178
202
250
294
358
358
Working Capital
8
5
3
1
- -
- -
9
2
- -
13
- -
- -
- -
- -
- -
- -
- -
LT Debt
184
199
235
236
246
234
197
201
221
266
299
336
352
391
424
514
514
Total Equity
6.72
14.45
- -
2.9
0.57
- -
- -
3.64
12.93
17.31
13.49
10.41
5.71
10.82
13.04
18.59
18.59
Return on Invested Capital (%)
6.87
12.47
- -
2.11
3.97
- -
- -
3.68
10.64
18.94
14.12
12.7
6.64
12.97
15.83
49.66
49.66
Return on Capital (%)
12.5
18.91
28.26
1.2
4.9
-5.19
-19.31
2.43
11.13
20.8
13.86
12.82
5.14
11.47
14.65
44.51
44.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
-8
- -
-18
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
- -
11
Market Capitalization
1,526
1,627
1,223

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
466
- -
502
Cash, Cash Equivalents & STI
193
- -
211
Accounts Receivable, Net
234
- -
225
Inventories
40
- -
70
Total Current Liabilities
164
- -
144
Payables & Accruals
- -
- -
- -
ST Debt
-8
- -
-18
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.68%
11.63%
21.26%
Free Cash Flow
-477.76%
-454.56%
-160.06%
Net Income, GAAP
84.09%
46.88%
101.83%
Sales/Revenue/Turnover
57.56%
19.95%
7.86%
Total Cash Common Dividend
- -
- -
25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
192
183
229
101
706
2025
248
201
182
198
828
2026
236
210
203
243
893

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.05
0.3
1.35
- -
3.65
2025
1.6
1.12
1.11
1.32
5.15
2026
1.89
1.64
1.61
5.26
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -
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Business
Krishanveer Forge Ltd. is engaged in the manufacturing and supply of forged and machined components primarily for automotive, railways, heavy engineering, and defense sectors. The company’s core product portfolio includes closed die forgings, hot rolled and machined components, precision forged parts, and customized metal components produced under various specifications and grades. It specializes in producing high-strength steel forgings and machined assemblies used in automobile engines, transmission systems, axles, and railway applications. Krishanveer Forge operates predominantly in the Indian market with a focus on supplying to OEMs and aftermarket customers across multiple industrial segments. Founded in 1984 and headquartered in Pune, Maharashtra, India, Krishanveer Forge Ltd. operates with advanced manufacturing facilities equipped for forging, machining, heat treatment, and quality assurance to meet stringent industry standards. The company has expanded its operational capabilities in recent years to include higher precision machining services and enhanced heat treatment processes to support evolving customer requirements for complex and critical components. Recent developments indicate Krishanveer Forge Ltd. has pursued strategic growth by investing in technology upgrades and capacity expansions to boost production efficiency and product quality. While specific recent partnerships or acquisitions are not publicly detailed, the company has focused on diversifying its product offerings and strengthening its market presence in the heavy engineering and automotive components sectors. Its ongoing efforts include adopting advanced metallurgical processes and expanding client engagements to maintain competitive positioning. Krishanveer Forge Ltd. operates as an independent entity in the forging industry with no publicly disclosed parent or subsidiary affiliations. Its comprehensive product range targets automotive manufacturers, railway equipment producers, and industrial machinery companies primarily within India, with continuous enhancements aimed at supporting export markets. The company’s foundation on metallurgy excellence and industry-specific customization forms the basis of its reputation and market strategy.