Ramkrishna Forgings has been given a "Buy" rating by Sharekhan, with a revised price target of Rs 1111.

The company's adjusted profit before tax (PBT) was in line with estimates at Rs 126.3 crore, although the adjusted profit after tax (APAT) fell short due to increased tax provisions.

The firm expects a volume growth of 15-20% in the near term, supported by its diversification strategies and a strong business plan.

The management is focused on maintaining high operating profit margins (OPM), which is positive for future performance.

Currently, the stock is trading at a price-to-earnings (P/E) multiple of 25.7x and an enterprise value to EBITDA (EV/EBITDA) multiple of 13.3x based on FY27 estimates.