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Krishanveer Forge Ltd (513369)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513369 NSE: Forgings | Small Cap | Krishanveer Forge Share Price

₹142.05 -2.80 (-1.93%)

As on 04-Jun'26 16:59

Krishanveer Forge Ltd (513369)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513369 NSE: Forgings | Small Cap | Krishanveer Forge Share Price

₹142.05 -2.80 (-1.93%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹157 Cr.
Current Price
₹142.1
52-Week Low / High
₹90 / 165
TTM EPS
₹10.4
TTM Sales
₹89.3 Cr.
Book Value per Share
₹47
P/E Ratio
13.81
Lower than its 5-year historical median
Industry PE
80.6
Price to Book (P/B)
3.06
Higher than its 5-year historical median
Price to Sales (P/S)
1.76
Higher than its 5-year historical median
EV/EBITDA
11.45
Higher than its 5-year historical median
Dividend Yield
3.38%
Profitability Efficiency
Return on Equity (ROE)
13.83%
Underperforms industry median
Return on Capital Employed (ROCE)
20.04%
Outperforms industry median
Return on Assets (ROA)
10.17%
Operating Profit Margin
10.1%
Net Profit Margin
6.81%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.98%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
21.87%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
41.35%
Asset Quality
Promoter Holding
72.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹40 Cr.
Equity
₹10.9 Cr.
Face Value
₹10
All Time Low / High
₹0.90 / 165.00

Krishanveer Forge stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Krishanveer Forge Ltd a good quality company?
Krishanveer Forge Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Krishanveer Forge Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Krishanveer Forge Ltd vs industry peers?
Krishanveer Forge Ltd revenue CAGR is 10.23%, compared to the industry median CAGR of 10.29%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Krishanveer Forge Ltd?
Promoters hold 72.47% of the Krishanveer Forge Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Krishanveer Forge Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Krishanveer Forge Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -1.7%-12.5%7%19.3%21.5%16.5%17.5%8.2%16.6%20%-
Value Creation
Index
-1.1-1.9-0.50.40.50.20.3-0.40.20.4-

Growth Parameters

Sales 12.56.229.255.150.940.467.280.983.682.889
Sales YoY Gr.--50.3%370.5%88.9%-7.7%-20.5%66.2%20.4%3.4%-1%-
Adj EPS -1.2-3.40.42.74.23.33.41.53.75.210.4
YoY Gr.-NANA661.1%52.2%-21.6%4.9%-56.3%143.3%41.1%-
BVPS (₹) 21.41818.420.224.427.330.732.235.738.847
Adj Net
Profit
-1.3-3.70.434.63.63.81.645.611
Cash Flow from Ops. -0.54.20.14.23.95.6-4.77.40.55.4-
Debt/CF from Ops. -12.9146.91.11.2-0.1-1.1-0.2-2.2-0.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 23.4%10.2%7.2%-1%
Adj EPS NA4.3%14.5%41.1%
BVPS6.8%9.8%8.1%8.5%
Share Price 16.8% 21.4% 44.5% 54.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-5.4-17.2214.218.712.711.84.810.713.824.3
Op. Profit
Mgn %
-1.8-38.69.313.314.615.89.84.98.210.113.6
Net Profit
Mgn %
-10.3-60.11.45.498.95.624.86.812.7
Debt to
Equity
0.30.20.30.20.2-00.2-0-0-0.10
Working Cap
Days
44660313711916121515914514414496
Cash Conv.
Cycle
186320654967969094948465

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1262955514067818483
Operating Expenses + 1392648433461777774
Manufacturing Costs5281211914212223
Material Costs321531272041494744
Employee Cost 3233334455
Other Costs 2212223333
Operating Profit -0-237767478
Operating Profit Margin (%) -1.8%-38.6%9.3%13.3%14.6%15.8%9.8%4.9%8.2%10.1%
Other Income + 1000001111
Exceptional Items 000-1000000
Interest 1111111100
Depreciation 1111122222
Profit Before Tax -2-414645258
Tax -0-002112012
Profit After Tax -1-402544246
PAT Margin (%) -9.0%-59.8%1.5%3.8%9.0%8.9%5.6%2.0%4.8%6.8%
Adjusted EPS (₹)-1.0-3.40.41.94.23.33.41.53.75.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%54.80%48.50%

Valuation of Krishanveer Forge - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 23202022273034353942
Share Capital 11111111111111111111
Reserves 129911161923242831
Debt +73444-05-2-1-3
Long Term Debt0100100000
Short Term Debt72443-05-2-1-3
Minority Interest0000000000
Trade Payables12698897811
Others Liabilities 3335666777
Total Liabilities 34273341454454485457

Fixed Assets

Net Fixed Assets +14131213181618171615
Gross Block33333436424244454647
Accumulated Depreciation19202223242627283032
CWIP 5566330000
Investments 00000000012
Inventories545668149147
Trade Receivables33813151218172019
Cash Equivalents 1111112112
Others Assets 6212343333
Total Assets 34273341454454485457

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -140446-5715
PBT -2-415645258
Adjustment 2222222211
Changes in Working Capital -06-2-2-20-104-5-2
Tax Paid -0-0-0-1-1-1-2-1-1-2
Cash Flow From Investing Activity + -10-0-3-3-0-0-1-0-1
Capex -1-0-0-2-6-0-3-0-1-1
Net Investments 0000000000
Others -00-0-13-03-000
Cash Flow From Financing Activity + -10-1-11-2-0-1-0-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -01-1-01-10000
Interest Paid -1-1-1-1-1-0-0-1-0-0
Dividend Paid 000000000-2
Others 0000000000
Net Cash Flow -34-2-024-56-02

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-4.67-17.152.149.8618.7412.6811.844.7810.7413.83
ROCE (%)-1.7-12.516.9819.2521.4616.517.478.216.6220.04
Asset Turnover Ratio0.340.221.021.51.190.911.371.591.661.49
PAT to CFO Conversion(x)N/AN/AN/A20.81.5-1.253.50.250.83
Working Capital Days
Receivable Days111156.7063.6069.40100.10123.2082.3078.4079.8084.80
Inventory Days135.20227.6053.5037.1041.306260.3053.1050.9046.80
Payable Days234.80314.1095.2088.60121156.4078.7059.1059.4080.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Krishanveer Forge Ltd FAQs

The current trading price of Krishanveer Forge on 04-Jun-2026 16:59 is ₹142.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Krishanveer Forge stood at ₹157.1 Cr

The latest P/E ratio of Krishanveer Forge as of 03-Jun-2026 is 13.81.

The latest P/B ratio of Krishanveer Forge as of 03-Jun-2026 is 3.06.

The 52-week high of Krishanveer Forge is ₹165.0 and the 52-week low is ₹90.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Krishanveer Forge is ₹89.31 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Krishanveer Forge Ltd is a average quality company.

The key valuation ratios of Krishanveer Forge Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Krishanveer Forge Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Krishanveer Forge Ltd

Rajkumar Forge is one of the leading manufacturer and exporter of Medium and Heavy Open Die Forgings from India. Promoted by technocrats who have shaped the forging industry in the country over the last four decades and well supported by a skilled and qualified team of Engineers, Rajkumar Forge strives continuously to meet the ongoing needs of its global and domestic partners by providing value for money. Rajkumar Forge produces goods to International level at optimal costs.

Rajkumar Forge has created a state-of-the-art forging facility comparable with the best in the world. A carefully selected Brand New 1600 Ton Integrated forging complex ensures maximum cost effectiveness and consistent quality. Their Quality Commitment with a through understanding of Metallurgy and Manufacturing Methods & their Customer’s requirement ensure Total Customer Satisfaction.

Rajkumar Forge manufactures critical forgings and specialized components for the Oil, Gas, Power, Iron, Steel, Sugar, Cement, Chemical, Fertilizers, General Engineering & other Allied Industries in the CORE SECTOR.

Rajkumar Forge is one of the leading Exporter of Critical forgings and has a good presence in the South East Asian Markets. The Management is consciously committed to increase its Global presence and Customer base both geographically and in product portfolio. All developments and improvements are centered over this philosophy.

Products manufactured by the company includes:

Forgings are supplied to the following industries and in following material grades:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Die Steel
  • Hot & Cold Working Tool Steel

Sugar - Mill Roller Shafts, Gear Shafts, Tail Bars, Gear Rings and Blanks. 

Steel -  Table Rolls, Pinions, Spindles, Rolls for Slab & Continuous Caster, Blooming Mill & Hot Rolling Mill Rolls, Elongator Rolls, Wobblers and Gearing Components. 

Cement - Kiln and Mill Rollers, Pinions and Pinion Shafts, Axles, Tie Rods and Location Bearings. Gear - Gear Blanks & Gear Rings.

Power - Rotor Shafts for Compressors, Alternators, Generators, Turbines (Hydro, Wind and Steam), Rotor Discs, Tube Sheets, Nozzles, Girth & Blind Flanges, Casings & Trunions, Vertical & Ball Mill Drive Shafts, Fan and Pump Shafts. 

Chemical & Fertilizers - Fluid Ends, Manifolds and Tube Sheets, Flanges. 

Oil Field Application - Round Bars and Square Bars, Casing Heads, Cross Forgings, Tubing Spool, Y Forgings, Body Blocks Forgings for SSSB and SSBT Valves, Shaped, Forging for Hangers, Body Housing, Slip Lock Housing etc. 

Others - Piston Roads, Eccentric Shafts, Tie Rods, Ram, Sow Blocks, Bolster Plates for Hammers & Presses, Die Blocks for Plastic Molding and Forging Industries, Tool for forming and extrusions.      

Achievements/ recognition:

  • The company is ISO 9001-2000 certified
  • ISO 14001 for Environmental Management Systems.
  • OHSAS 18001 for Occupational Health and Safety Management System.
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