ramkrishna forgings Ltd. — Investor Presentation 2025

Aug 1, 2025

RAJESH MUNDHRA

Digitally signed by RAJESH MUNDHRA Date: 2025.08.01 16:48:45 +05'30'

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Innovation Engineered For Excellence

Investor Presentation

Q1 FY26

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Safe Harbor
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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ramkrishna Forgings Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forwardlooking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

2

Investor Presentation – December 2024

Contents

2 4 About Way Ramkrishna Forward 1 Forgings 3 5 Q1 FY26 Corporate Our Financial Structure Commitment Overview

3

Investor Presentation – June 2025

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Q1 FY26 Financial Overview

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Q1 FY26 Financial Highlights

Standalone

Consolidated

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Q1 FY26 Q1 FY26
₹ 93,669 Lakhs 6% ₹ 101,526 Lakhs 6%
Revenue from YoY Revenue from YoY
Operations Growth Operations Growth
₹ 13,477 Lakhs 220bps ₹ 14,861 Lakhs 298 bps
YoY YoY
14.4% 14.6%
Growth Growth
EBITDA & EBITDA &
Margin Margin
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13.3% 12.9%
ROE ROE
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ROE – Net Profit after Tax / Average Net worth

Investor Presentation – June 2025

MD’s Insights and Reflections

MR. NARESH JALAN

“Amid a challenging global macroeconomic environment and export slowdown due to tariff uncertainties, we have achieved consolidated revenues of Rs. 1015 crore in Q1 FY26, reflecting an 6% year-on-year increase. Our order book has strengthened with new contracts worth Rs. 683 crore secured across the Auto, Non Auto and Railways segments. The consolidated EBITDA margin for the quarter stood at 14.6%, with expectations of margin improvement in the second half of FY26. Following the successful integration of ACIL into RKFL and the commissioning of new capacity in the prior fiscal year, our focus remains on progressively enhancing overall capacity utilization. We remain optimistic about sustained improvements in business performance and further diversification of our revenue streams, which will drive the Company’s commitment to longterm value creation.”

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Investor Presentation – June 2025

Key Performance Indicators (Standalone)

EBITDA* & EBITDA Margin (%)

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Revenue EBITDA & EBITDA Margin (%)
+6% XX%-8%
93,669
88,634
80,962
14,705
13,477
8,936
Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26
16.6% 11.0% 14.4%
 +4% -34%
74,279
3,63,430
3,49,933
48,934
FY24 FY25 FY24 FY25
21.2% 13.5%
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PAT & PAT Margin# (%)

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-49%
20,785
2,151
4,252
Q1 FY25 Q4 FY25 Q1 FY26
4.8% 25.7% 2.3%
 +47%
40,182
Exceptional
27,405 8,816 Item, 2.5%
31,366 PAT, 8.6%
FY24 FY25
7.8% 11.1%
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Excluding Other Income; Note: Rounded off to the nearest whole number_ _.*

# PAT includes exceptional gains from the sale of Globe All India Services Limited in 12M FY25. PAT also includes tax gain on account of merger with ACIL in Q4 & 12M FY25 FY24 numbers have been restated pursuant to the merger of ACIL with Ramkrishna Forgings Limited

(₹ in lakhs)

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Investor Presentation – June 2025

Key Performance Indicators (Consolidated)

EBITDA* & EBITDA Margin (%)

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Revenue
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6% -12%
1,01,526
95,948 94,721
16,906
14,861
9,850
Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26
17.6% 10.4% 14.6%
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 +9% -28%
4,03,411
3,70,454 77,291
55,956
FY24 FY25 FY24 FY25
20.9% 13.9%
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*Excluding Other Income; Note: Rounded off to the nearest whole number.

# PAT includes exceptional gains from the sale of Globe All India Services Limited in 12M FY25. PAT also includes tax gain on account of merger with ACIL in Q4 & 12M FY25 FY24 numbers have been restated pursuant to the merger of ACIL with Ramkrishna Forgings Limited

PAT & PAT Margin (%)#

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19,983 -78%
5,473
1,179
Q1 FY25 Q4 FY25 Q1 FY26
5.7% 21.1% 1.2%
 +43%
41,503
29,121 8,150
Exceptional
Item, 2.0%
33,353
PAT, 8.3%
FY24 FY25
7.9% 10.3%
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(₹ in lakhs)

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Investor Presentation – June 2025

Volumes and Realisation

Volume (tons)

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15%
44,171
38,539 38,127
13,357
15,322 12,565
30,814
23,217 25,562
Q1 FY25 Q4 FY25 Q1 FY26
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Realisation (Rs. Lac/(ton))

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2.56 2.46 2.39
1.84 1.77 1.78
Q1 FY25 Q4 FY25 Q1 FY26
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Volume (tons)
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 +4%
1,58,428 1,65,251
58,900
58,739
99,689 1,06,351
FY24 FY25
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Realisation (Rs. Lac/(ton))

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2.50 2.52
1.85 1.86
FY24 FY25
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Domestic Markets Export Markets

Total Revenue Breakup (Rs. Lakhs.)*

Particulars	Q1 FY26	Q1 FY25 YoY Q4 FY25 QoQ
Domestic Markets	61,093	48,533 26% 49,346 24%
Export Markets	31,875	39,267 -19% 30,936 3%
Other Income & Export Incentive	1,142	1,483 -23% 1,685 -32%
Total	94,110	89,283 5% 81,967 15%

Total Revenue Breakup (Rs. Lakhs.)*
Particulars FY25	FY24 YoY
Domestic Markets 2,12,053	1,99,457 6%
Export Markets 1,48,209	1,47,140 1%
Other Income & Export Incentive 5,032	5,690 -12%
Total 3,65,294	3,52,287 4%

Note: Data is on standalone basis unless stated otherwise.

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*FY24 numbers have been restated pursuant to the merger of ACIL with Ramkrishna Forgings Limited

Investor Presentation – June 2025

Capacity Utilization

Particulars Installed Capacity	Production (MT) Q1 FY26 Q4 FY25 Q1 FY25
	FY25 FY24 Production (MT) Utilization (%) Production (MT) Utilization (%) Production (MT) Utilization (%)***
Ring Rolling 24,000	32,541 32,533 7,824 130% 7,349 122% 8,489 141%
Forgings 70,350#	47,352 49,054 10,418 59% 11,766 83% 12,070 86%
Press 1,74,050#	1,16,130 105,558 28,231 65% 27,146 66% 28,609 77%
Total Capacity 2,68,400#	1,96,023 187,145 46,473 69% 46,261 75% 49,168 86%

* Utilization (%) has been calculated on installed capacity on Annualized basis; # Capacity increased for Press Facility from 130,800 MT to 149,050 MT on April 03, 2024 and from 149,050 MT to 174,050 MT on January 31, 2025. Forging Capacity increased from 56,100 MT to 70,350 MT on March 27, 2025. Total Capacity has increased from 210,900 MT to 229,150 MT from April 03, 2024, and from 229,150 MT to 254,150 MT on January 31, 2025 and from 254,150MT to 268,400 MT on March 27, 2025.

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Investor Presentation – June 2025

Im act on Profit p

	Rate Impact	Tonnage (MT) Realisation Impact (Rs Crs) Q1 FY 26 Q1 FY 26 FY 25
	Domestic	30,813.57 177.71 185.64 24.45
	Exports(Net of freight)	13,356.57 214.44 219.84 7.20
	Total	44,170.13 31.65
	Mix Impact	Tonnage (MT) Mix Impact (Rs Crs) Q1 FY 26 Q1 FY 26 FY 25
	Domestic	30,813.57 70% 64% -44.31
	Exports(Net of freight)	13,356.57 30% 36% 52.47
	Total	44,170.13 8.16
	Net Impact	39.81
	Forex exchange Loss on account of Import of capex 11.66
	-Ramkrishna Titagarh Rail Wheels Ltd. 6.66
	-Ramkrishna Forgings Ltd. 5.00
	Total Impact 51.47
	Investor Presentati

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Investor Presentation – June 2025

Order Wins in Q1 FY26

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Total Auto – 561 Cr
660
502
Railways
PV
Non Auto 23
307
99 CV
254
Auto 158
561
Domestic Export Total (Excl. Rly)
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PV

Company received new orders worth Rs 660 Cr in Q1, program life being 4 years and Railways worth Rs 23 Crores for one year.

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307 307
0
Domestic Export Total (PV)
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Against the above, Export orders are worth Rs 502 crores and Domestic orders worth Rs 158 Crores.

Against Export order of Rs 502 crores, Rs 307 crores is from the Passenger Vehicles and this also includes order directly from the American OEM, Rs 195 Crores is from the Commercial Vehicles (CV) predominantly from the European market.

Against the Domestic order of Rs 158 Crores, Rs 99 crores is from OffHighway and Rs 59 Crores is from the Commercial Vehicles (CV).

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Value (Rs. Cr)
Total Non Auto – 99 Cr
99 99
0
Domestic Export Total (Non Auto)
Excluding Railways
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• Excluding Railways

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CV
254
195
59
Domestic Export Total (CV)
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Investor Presentation – June 2025

Income Statement

Particulars (₹in lakhs)	FY21	FY22	FY23	FY24	FY25	Q1 FY26
Revenue from Operations	128,838	228,537	300,100	349,933	363,430	93,669
Cost of Goods Sold	64,240	103,078	144,375	177,528	186,009	49,463
Gross Profit	64,598	125,459	155,725	172,405	177,421	44,206
Gross Profit Margin	50.1%	54.9%	51.9%	49.3%	48.8%	47.2%
Employee Cost	9,037	12,028	14,431	17,553	21,861	5,569
Power and Fuel	9,354	15,240	18,792	21,332	21,795	5,483
Other Expenses	23,214	45,494	55,683	59,241	84,830	19,677
EBITDA	22,993	52,697	66,819	74,279	48,935	13,477
EBITDA Margin	17.8%	23.1%	22.3%	21.2%	13.5%	14.4%
Other Income	461	161	377	2,354	1,864	441
Depreciation	11,628	16,906	20,135	24,461	24,061	6,848
EBIT	11,826	35,952	47,061	52,172	26,738	7,070
EBIT Margin	9.2%	15.7%	15.7%	14.9%	7.4%	7.5%
Finance Cost	7,678	9,335	11,496	13,720	14,668	4,132
Profit before exceptional items and Tax	4,148	26,617	35,565	38,452	12,070	2,938
Profit before exceptional items and Tax Margin	3.2%	11.6%	11.9%	11.0%	3.3%	3.1%
Exceptional Items (net of tax)	-	-	-	-	10,287	-
Profit before Tax	4,148	26,617	35,565	38,452	22,357	2,938
Tax	1,352	5,967	12,005	11,046	-17,825	786
Profit After Tax	2,796	20,650	23,560	27,406	40,182	2,152
Profit After Tax Margin	2.2%	9.0%	7.9%	7.8%	11.1%	2.3%

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise. FY24 numbers have been restated pursuant to the successful merger of ACIL with Ramkrishna Forgings Limited

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Investor Presentation – June 2025

Balance Sheet

Particulars (₹in lakhs)	FY21	FY22	FY23	FY24	FY25
Net block(Tangible assets)	149,385	155,903	173,955	213,280	269,908
Intangible assets	1,088	3,171	3,041	10,747	9,740
Investments	1,938	1,938	1,939	32,316	45,212
Other non-current assets	3,174	7,111	9,543	21,415	39,406
Total non ‐ current assets	155,585	168,123	188,478	277,758	364,266
Inventories	42,994	68,267	86,852	95,975	108,510
Investments	0	5,500	0	5,004	886
Trade receivables	55,993	87,781	72,536	76,402	94,440
Cash and cash equivalents	6,680	3,237	4,247	16,486	1,400
Other current assets	6,671	10,704	10,946	14,203	16,801
Total current assets	112,338	175,489	174,581	208,069	222,037
Total assets	267,923	343,612	363,059	485,827	586,303
Total equity	88,997	109,408	132,492	262,012	301,014
Borrowings	66,360	85,945	75,092	62,690	75,585
Lease liabilities	378	2,280	2,054	7,448	5,096
Other non-current liabilities	8,287	9,495	16,077	18,678	4,212
Total non-current liabilities	75,025	97,720	93,223	88,816	84,893
Borrowings	54,160	71,794	49,008	26,324	82,882
Lease liabilities	22	429	550	1,253	2,029
Tradepayables	42,916	57,457	76,614	94,609	96,860
Other current liabilities	6,803	6,804	11,172	12,813	18,624
Total current liabilities	103,901	136,484	137,344	134,999	200,396
Total equity & liabilities	267,923	343,612	363,059	485,827	586,303

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise. FY24 numbers have been restated pursuant to the successful merger of ACIL with Ramkrishna Forgings Limited

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Investor Presentation – June 2025

Cash Flow Statement

Particulars (₹in lakhs)	FY21	FY22	FY23	FY24	FY25
Cash Flow from Operating Activities
Profit before Tax	4,148	26,617	35,565	38,451	22,357
Adjustment for Non-Operating Items	18,453	23,592	26,758	32,979	25,499
Operating Profit before Working Capital Changes	22,601	50,210	62,322	71,430	47,856
Changes in Working Capital	-9,394	-41,746	22,177	4,077	-25,330
Cash Generated from Operations	13,207	8,464	84,499	75,507	22,526
Less: Direct Taxes paid	-557	-4,556	-6,724	-13,127	-12,419
Net Cash from Operating Activities	12,650	3,908	77,776	62,380	10,107
Cash Flow from Investing Activities	-22,622	-35,348	-29,727	-101,566	-75,469
Cash Flow from Financing Activities	16,405	27,884	-47,057	51,416	50,196
Net increase/ (decrease) in Cash & Cash equivalent	6,432	-3,556	992	12,230	-15,166
Add: Cash and cash equivalents as at 1st April	226	6,659	3,102	4,094	16,324
Cash and cash equivalents as at closing	6,659	3,102	4,094	16,324	1,158

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise. FY24 numbers have been restated pursuant to the successful merger of ACIL with Ramkrishna Forgings Limited

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Investor Presentation – June 2025

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About Ramkrishna Forgings

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About us

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2nd 18 3,600+ 0.47 Bn USD 20 Countries served with No of Permanent No of Manufacturing Largest Forging strong footprints in Group Turnover Employees Across Units across Group Company in India North America and in FY’25 Group Companies Companies Europe 43+ All 272,400 MTPA 33,600 MTPA 2,000+ Years of Experience in Leading Industry Quality Installed Forging Installed Casting Products across Auto & Forging Industry Certifications Capacity Capacity Non-Auto Segments

17 Investor Presentation – June 2025

What Has Changed In Last 6 Years

Company has a clear focus towards de-risking the business by reducing dependency on single product or single client

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Total verticals
New products launched
Total geographies present in
Total customers
Increased machining mix
Total fabrication products
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2019 2025
De-risking Business Strategies
2 9
35 117
15 18
153 280
59% 77%
0 13
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Investor Presentation – June 2025

Key Attributes

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Manufacturer and One of the largest player Continued focus on
supplier of a variety of in metal processing in diversification with foray
auto and non-auto India into EV components
components
Global presence with Longstanding
footprints in North relationship with
America, Europe, South marquee customers
America & Southeast
Asia
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19 Investor Presentation – June 2025

One Stop Solution Provider

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Hot Forging
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Warm forging

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Hammer & Upsetter
Facilities
Ring
Rolling
Press & Press
Lines
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Gear Grinding Fabrication Machining Aluminium Forging

Casting

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Cold Forgings

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Providing solutions to
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Commercial Railways Mining, Earth Industrial Oil & Gas
Vehicles Moving & Farm Components, Steel,
Equipment Cement & Power
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Investor Presentation – June 2025

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Our Journey

Commissioned RA Shaft Press Line and a 5” Upsetter Commissioned Acquired Multitech Auto 25,000 Cold Acquired Ramkrishna Casting Forgings capacity Commissioned 2 of its Solutions Limited (formerly Commissioned Press Lines of 6,300T & Commissioned a JMT Auto) 14,250T Upsetter Launched IPO 12,500T Hollow Spindle Line Raised ₹10,000mn via QIP Capacity 2004 2015 2020 2023 2025 1981 2007 2016 2021 2024 Company Commenced ring rolling In-house R&D team Commissioned 7,000T Acquired ACIL Limited Incorporation press line with received accreditation Press Line Commissioned 630T Warm Forging Line machining facilities from DSIR. Commissioned Warm and 6,000T Press Line Forging Line Divested 100% Equity Stake held in Globe All India Services Limited Commissioned sheet metal fabrication line for Commissioned machining operations in manufacturing of Railway facility at Ramkrishna Forgings Mexico S.A. de C.V

• Commissioned sheet metal fabrication line for manufacturing of Railway products

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Investor Presentation – June 2025

Commitment to Innovation

RKFL is focused on increasing its production capacity to meet rising market demands effectively. The organization strategically diversifies its portfolio to mitigate risks and explore new market opportunities.

Moving up the value chain allows RKFL to offer higher quality products and services, enhancing customer satisfaction. Collaborating with key industry players strengthens RKFL's market position and fosters innovation.

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These initiatives have led to significant growth, positioning RKFL for ongoing success in a competitive landscape.

RKFL emphasizes innovation as a core value, aiming for engineering excellence and enhanced value creation.

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Investor Presentation – June 2025

Track Record of Growth

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Production (in MT) Revenue Export Revenue
CAGR: +11.9% CAGR: +18.5% CAGR: +35.2%
1,96,023
1,87,145
3,63,430
3,49,933 1,48,290 1,48,209
81,894
61,508
1,11,182 43,882
37,635
36,187 74,076
28,496
1,606
FY10 FY15 FY20 FY24 FY25 FY10 FY15 FY20 FY24 FY25 FY10 FY15 FY20 FY24 FY25
EBITDA PAT
CAGR: +17.5% CAGR: +27.2% 40,182
74,279
27,405
48,934
20,372 7,474
12,674
4,366 1,089 961
FY10 FY15 FY20 FY24 FY25 FY10 FY15 FY20 FY24 FY25
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Note: Revenue and EBITDA excluding Other Income. Figures in Lakhs unless mentioned otherwise. Rounded off to the nearest whole number. FY24 numbers have been restated pursuant to the merger of ACIL with Ramkrishna Forgings Limited

FY25 PAT includes exceptional gains from the sale of Globe All India Services Limited . PAT also includes tax gain on account of merger with ACIL in FY25

(₹ in lakhs)

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Investor Presentation – June 2025

Reliance on Top Customers has Reduced over Time

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Revenue By Top 5 Customers & Others
27.1% 25.9% 27.2% 24.7% 23.1% 22.6%
7.7%
14.8% 17.9%
15.9% 13.6% 6.2%
20.8% 3.4%
3.6% 4.3% 4.9% 2.6%
7.2% 3.5% 3.8%
4.7%
3.4% 3.5%
6.3% 3.8%
3.9%
3.1%
3.2%
3.1%
57.5%
48.7% 48.9%
44.1% 45.6%
39.5%
2020-21 2021-22 2022-23 2023-24 2024-25 Q1 FY26
Customer 1 Customer 2 Customer 3 Customer 4 Customer 5 Others
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Revenue By Geography
8.4% 10.6% 11.3% 9.7%
14.6% 15.4% 16.3%
19.9%
32.0%
31.3% 28.9%
25.2%
29.9% 26.0%
70.4%
59.6% 58.2% 55.6% 59.4% 57.6% 59.8%
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Q1 FY26
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Europe North America Asia
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(Standalone Numbers)

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Investor Presentation – June 2025

Revenue based diversification & Reducing Cyclicality

Revenue Break-up	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Q1 FY26
Domestic Auto	56.0%	43.4%	42.7%	39.2%	41.9%	39.7%	40.5%	52.2%
Railways	2.6%	4.3%	3.1%	1.7%	2.7%	3.6%	4.6%	6.2%
Mining, Earth Moving & Farm Equipment's	4.0%	4.7%	4.8%	4.1%	4.5%	4.5%	4.8%	3.5%
Miscellaneous (Inds. Comp, Steel, Cement & Power)	7.3%	5.9%	8.0%	9.8%	9.4%	9.7%	8.4%	8.1%
Total Domestic	69.9%	58.4%	58.7%	54.8%	58.5%	57.5%	58.4%	70.0%
Exports - Auto	28.0%	38.7%	39.6%	39.2%	35.9%	37.4%	37.3%	26.6%
Exports - Others	2.1%	2.9%	1.8%	6.1%	5.5%	5.1%	4.3%	3.4%
Of Which Oil & Gas	1.4%	1.4%	0.2%	0.9%	1.3%	1.3%	0.4%	0.0%
Total Export	30.1%	41.6%	41.3%	45.2%	41.5%	42.5%	41.6%	30.0%
Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

(Standalone Numbers)

25

Investor Presentation – June 2025

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Corporate Structure

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Corporate Structure

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RKFL
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Domestic International Joint Venture
Ramkrishna MAL Metaliks Ramkrishna Ramkrishna
Casting Pvt. Ltd. Ramkrishna Forgings Titagarh Rail
Multitech Auto
Solutions Ltd. (100% Forgings LLC, Mexico S.A. de Wheels Ltd
Private Limited
(Formerly JMT stepdown USA C.V RKFL (51%)
Auto ) subsidiary) (Mexico) Titagarh (49%)
(Being merged with Ramkrishna Casting Solutions Limited)
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100% Wholly Owned Subsidiaries

27 Investor Presentation – June 2025

Update on Rail Wheel Project

Ramkrishna Forgings & Titagarh Rail Systems Consortium received an LOA for Manufacturing and Supplying of Forged Wheels for the Indian Railways.

Ramkrishna Forgings holds a 51% stake in the Joint Venture and is the lead partner in this railway contract.

The company will establish Asia’s 2nd largest manufacturing plant in India to produce 228,000 forged wheels per annum.

The total project cost is estimated at ₹2,000 crores, which is being funded through a mix of debt and equity.

As on June 30, 2025, Rs 370 crores has been infused as equity in the JV.

Project at Chennai, Tamil Nadu and construction work at site is progressing as per schedule.

All machines for the project have been ordered and the delivery of the machine also started. Installation of Rotary hearth furnace, Railway wheel forging and rolling line, and a Heat treatment line is under progress.

Operations are expected to begin by Jan’26

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28

Investor Presentation – June 2025

Update on Mexico Facility

Ramkrishna Forgings Limited has acquired a company in Mexico and the same is named as Ramkrishna Forgings Mexico S.A. de C.V.

The Company has taken a factory space on lease at Monterrey, Mexico, and has already commenced its machining operations along with storage.

Current Machining is done on Machines supplied by a North American customer on Forgings also supplied by them

Further we have also received orders for machining from a North America based customer.

Discussions are on for existing portfolio as we are facing strong traction for requirements from Mexico.

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29

Investor Presentation – June 2025

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Way Forward

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Multiple Vectors To Accentuate Growth And Increase Profitability

Global Markets Further geographic presence to enhance capture global market opportunities Inorganic Opportunities Explore inorganic opportunities offering strategic benefits Expanding Capabilities Expand our manufacturing capacities Focus on EV Focus on increasing revenue share of EV business Diversification Strategy Continue the diversification strategy with increasing focus on non-automotive categories

31

Investor Presentation – June 2025

Well Positioned To Capture Future Growth

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Summary Summary
on on
Capacity C pacity
ExpansionExpansion
8,000T Press 3,000T Press 1,600T Press Cold Forging Press Horizontal Moulding
Line
Press in Final Stage of Press under Press installed Press Commissioned &
Commissioning Installation Production Started under commissioning
Components for 2W,
Heavy Components for Aluminum Forged PV and LV Components for LV Components for
CV & Off Highway Components for EV Castings
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The company in its endeavor to expand its product offering to suit the needs to varied customer segments, has made investments into specific technologies in Forgings & Castings

Forging Capacity for the Company on consolidated level shall increase to 333,400MT per Annum and Casting capacity shall increase to 62,400MT per Annum

32

Investor Presentation – June 2025

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Our Commitment

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Sustainability Highlights: Year to Year Comparison

Tracking our performance over time: Progress Update for Q1 FY2026

Decrease in Increase in increase in total rainwater recycled 13% groundwater harvesting wastewater usage Reduction in 6% 38% 47% Total water consumption

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99% Permanent employees trained Permanent employees on Human Rights trained on ESG 99%

Sustainability Highlights: Quarter to Quarter Comparison

14% Increase in renewable energy mix

Total renewable energy consumption has increased to 2543 MwH with an overall increase of 20% from Q4 FY 25

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10%

Decrease in Increase in waste waste Decrease in waste intensity generated recycled from Q4 FY 25 12% 9%

34

Investor Presentation – June 2025

Our ESG Vision - Delivering shared value to the planet and people

RKFL’s 5 Pillars of Sustainability

VALUABLE PARTNERSHIPS ENVIRONMENTAL CONSCIOUSNESS

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REWARDING WORKPLACE

EMPOWERED COMMUNITIES ROBUST GOVERNANCE

~~We are aligned with 9 United Nations Sustainability Development Goals~~

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35

Investor Presentation – June 2025

Our Goals and Initiatives

Committed to preserving and protecting the environment and supporting the local community

	Our Goals and Target Year			Progress from Q4 FY2025	Key Initiatives
	Water Management	Reduce specific water use by 30%	2025	143% increase in usage of rainwater	To decrease total water usage and domestic water consumption, water saving measures have been implemented across all plants such as: o Installation of water-saving fixtures like dual flush systems, mist aerators, and electronic urinals. o Minimizing freshwater use through flow control, RO reject reuse, and regular leak checks.
				13% increase in wastewater recycling
		Achieve 100% water recycling
	Waste Management	Reduce total waste generation by 50%	2030	12% decrease in waste generation	Achieved decrease in waste generation by 11 MT from Q4 FY 25 as a result of implementation of 9R Waste Management framework across all plants
	Energy Management	Achieve 100% Renewable Energy	2033	14% increase in RE energy mix	Renewable energy consumption has increased in the form of solar energy consumption to 2543 MwH increasing by 20% from Q4 FY 2025. Total Renewable energy mix has increased by 14% Steps taken to convert/remove furnace using Furnace oil to electricity
		Achieve Net Zero	2040	15% increasein Scope 2 emission intensity
	Employee Wellbeing	Train 100% employees on ESG	2025	99% Permanent employees trained	Undertaken contractual employees training on ESG and Human Rights principles. Undertaken a Human Rights Due Diligence survey in FY 2025. Achieved ‘Great Place to Work’ Certification for the second year in a row.
		Train 100% employees on Human Rights	2025	99% Permanent employees trained
	Community Support	Launch a flagship CSR program across all plants	2030	Community Upliftment through infrastructure, healthcare and waste management	Created hygiene awareness of women through distribution of Sanitary pad under Ramkrishna Jan Kalyan Yogna Installation of deep borewells and drinking water facility to nearby community Implanted 150 saplings under environment conservation project
				Investor Presentation – June 2

36

Investor Presentation – June 2025

Climate Risk Assessment of RKFL

As a part of our Sustainability strategy and decarbonization efforts, Our Climate Risk Assessment framework empowers investors to anticipate environmental disruptions, safeguard assets, and drive resilient, future-proof strategies.

Value Addition of Climate Risk Assessment

Operational Resilience

Compliance & Regulatory Readiness

Financial Impact Mitigation

Strategic Planning & Long-Term Value Creation

• Identify vulnerabilities in operations Comply with climate-related disclosure Safeguard physical assessments from Meet growing demand from OEMS and such as exposure to extreme standards rising temperatures, storms and sea spur innovation environments level rise Understanding transition risks like Enable smoother transition toward lo

• Strengthen disaster preparedness and carbon taxes and emission caps helps Reduce exposure to climate related carbon operations and initiatives reduce production downtimes companies anticipate cost impacts disruptions and liabilities such as insurance costs

Our CRA report will focus on the Physical (Acute and Chronic) risk assessment as well As Transition risk assessment to adopt to climate related

Physical Risks

Transition Risks

Opportunities

Acute physical risk : Short lived extreme weather impacts, e.g., flood, wildfire, cyclones, heatwaves, drought

Chronic physical risk: Impacts due to slow insidious change, e.g., rising mean temperatures, long-term water stress

Policy & legal risk: Compliance costs; stranded assets; asset impairment; restrictions & limitations on carbon intensive assets; and asset depreciation.

Market & economic risk: Company or securities valuations; asset impairment; viability of certain business models; and credit rating implications.

Technology risk: Write-offs for investments in disrupted technologies; required investment in new technologies; and process change costs to accommodate new technologies.

Resource efficiency: Use of more efficient modes of transport; efficient buildings; reduced water usage; use of recycling.

Energy source: Use of lower-emission sources of energy; use of supportive policy incentives; use of new technologies; participation in carbon market.

Products & services: Development of low emission goods and services; climate adaptation and risk solutions; R&D and innovation.

Market opportunity: Exploringnew markets or types of assets in order to diversify activities.

Reputation risk: Damage to brand value or reputation resulting in lost revenue and additional expenditures e.g., corporate affairs, litigation etc.

37

Investor Presentation – June 2025

Conference Call Details

Q1 FY26 EARNINGS CALL

Time Pre-registration 05:00 PM. IST on To enable participants to connect to the 1[st] August 2025 conference call without having to wait for an operator, please register at the below mentioned link:

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HOSTED BY:
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38

Investor Presentation – June 2025

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Thank You

Mr. Lalit Kumar Khetan (Whole Time Director & CFO) Ramkrishna Forgings Limited Email: lalit.khetan@ramkrishnaforgings.com

Mayank Vaswani / Mit Shah

CDR India Tel: +91 98209 40953 / +91 99201 68314 Email: mayank@cdr-india.com / mit@cdr-india.com

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