MM Forgings
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MM Forgings share price

MM Forgings Ltd.

NSE: MMFL BSE: 522241 SECTOR: Forgings  38k   56   9

480.00
-9.05 (-1.85%)
BSE: 06 Nov 04:01 PM

Price Summary

Today's High

₹ 498

Today's Low

₹ 479.15

52 Week High

₹ 725

52 Week Low

₹ 421.48

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 2317.52 Cr.

Enterprise Value

₹ 3033.55 Cr.

No. of Shares

4.83 Cr.

P/E

16.06

P/B

2.62

Face Value

₹ 10

Div. Yield

1.67 %

Book Value (TTM)

₹  183.4

CASH

₹ 209.24 Cr.

DEBT

₹ 925.27 Cr.

Promoter Holding

56.34 %

EPS (TTM)

₹  29.88

Sales Growth

8.09%

ROE

19.31 %

ROCE

15.18%

Profit Growth

15.08 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year8.09%
3 Year28.15%
5 Year11.06%

Profit Growth

1 Year15.08%
3 Year46.14%
5 Year12.33%

ROE%

1 Year19.31%
3 Year18.76%
5 Year15.22%

ROCE %

1 Year15.18%
3 Year14.63%
5 Year12.06%

Debt/Equity

1.1335

Price to Cash Flow

16.03

Interest Cover Ratio

5.6854

CFO/PAT (5 Yr. Avg.)

1.51445368338841

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 56.34 0.00
Jun 2024 56.34 0.00
Mar 2024 56.34 0.00
Dec 2023 56.34 0.00
Sep 2023 56.34 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 46.1384198471239% for the Past 3 years.
  • The company has shown a good revenue growth of 28.1478006917621% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of 55.7069 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.51445368338841.
  • The company has a high promoter holding of 56.34%.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 384.58 387.75 388.58 368.52 389.43
Total Expenditure 311.99 312.73 313.32 296.99 312.57
Operating Profit 72.59 75.02 75.26 71.54 76.86
Other Income 5.13 6.74 7.19 6.88 8.48
Interest 8.74 10.86 13.27 14.54 16.11
Depreciation 18.23 17.5 17.55 19.44 20.3
Exceptional Items 0 0 0 0 0
Profit Before Tax 50.74 53.4 51.63 44.44 48.93
Tax 14.25 15.5 13.6 12.01 13
Profit After Tax 36.49 37.9 38.04 32.43 35.93
Adjusted EPS (Rs) 7.56 7.85 7.88 6.72 7.44

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 727.29 725.65 1104.64 1412.78 1527.08
Total Expenditure 602.1 604.35 902.91 1154.32 1238.69
Operating Profit 125.19 121.29 201.74 258.46 288.4
Other Income 18.51 21.59 18.57 16.14 25.38
Interest 33.05 31.22 27.31 29.57 42.56
Depreciation 53.23 56.73 60.11 69.35 72.49
Exceptional Items 0 0 0 0.26 0.71
Profit Before Tax 57.42 54.93 132.9 175.94 199.43
Tax 11.19 8.32 41.14 49.55 53.96
Net Profit 46.24 46.61 91.76 126.4 145.46
Adjusted EPS (Rs.) 9.58 9.65 19.01 26.18 30.13

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 24.14 24.14 24.14 24.14 24.14
Total Reserves 444.16 476.22 553.5 666.04 792.19
Borrowings 334.7 297.32 346.19 331.53 387.02
Other N/C liabilities 32.72 33.93 41.66 38.39 52.09
Current liabilities 303.87 431.37 473.66 613.3 740.5
Total Liabilities 1139.6 1262.98 1439.14 1673.4 1995.93
Assets
Net Block 652.91 617.51 649.83 718.61 817.53
Capital WIP 8.71 17.47 36.35 61.11 112.07
Intangible WIP 0 0 0 0 0
Investments 4.88 4.88 32.88 40.72 41.27
Loans & Advances 114.98 109.83 98.77 106.55 147.38
Other N/C Assets 16.89 7.37 6.69 9.94 9.21
Current Assets 341.22 505.91 614.62 736.47 868.46
Total Assets 1139.6 1262.98 1439.14 1673.4 1995.93
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 57.42 54.93 132.9 175.94 199.43
Adjustment 70.11 69.95 74.11 85.92 95
Changes in Assets & Liabilities 154.9 -109.2 -32.88 -103.23 -118
Tax Paid -9.43 -5.45 -26.84 -42.41 -31.86
Operating Cash Flow 273.01 10.23 147.28 116.22 144.55
Investing Cash Flow -71.43 -12.08 -126.01 -160.4 -201.28
Financing Cash Flow -199.32 14.5 16.71 21.44 63.07
Net Cash Flow 2.25 12.65 37.98 -22.75 6.34

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 56.34 56.34 56.34 56.34 56.34
ajay shankar ramachandran... 0.22 0.22 0.22 0.22 0.22
k venkatramanan 10.71 10.71 10.71 10.71 10.71
krishnan vidya shankar - - - - 11.27
lakshmi ramachandran 2.35 2.35 2.35 2.35 2.35
r subramonian 0.64 0.64 0.64 0.64 0.64
s lakshman 3.08 3.08 3.08 3.08 3.08
sivasundar private ltd 3.88 3.88 3.88 3.88 3.88
sumita vidyashankar 0.14 0.14 0.14 0.14 0.14
synmax consultants and tr... - - - 24.01 24.01
vijay sundar ramachandran... 0.03 0.03 0.03 0.03 0.03
vidyashankar krishnan 11.27 11.27 11.27 11.27 -
synmax consultants & trad... 24.01 24.01 24.01 - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 43.66 43.66 43.66 43.66 43.66
hdfc mutual fund - hdfc h... 3.80 3.86 - 3.72 3.72
hsbc small cap fund 3.16 3.16 2.94 1.52 1.52
investor education and pr... - - 0.01 0.01 0.01
m m forgings limited-uncl... - - - - 1.02
marval guru fund - - 1.16 1.16 2.13
sandhya g parikh 1.02 1.02 1.02 1.02 1.02
srinivasan varadarajan 1.63 1.65 1.65 1.65 1.65
tata mutual fund - tata s... 3.26 3.26 - 3.26 3.26
llp - - - 0.77 -
hdfc mutual fund - - 3.86 - -
tata mutual fund - - 3.26 - -
franklin india smaller co... 2.69 1.96 - - -
investor education and pr... 0.01 0.01 - - -
pgim india trustee privat... 1.23 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

MM Forgings informs about newspaper publication28 Oct 2024, 4:32PM MM Forgings - Quaterly Results26 Oct 2024, 6:21PM M.M.Forgings informs about board meeting21 Oct 2024, 4:42PM M M Forgings informs about closure of trading window25 Sep 2024, 5:36PM MM Forgings - Quaterly Results12 Aug 2024, 6:11PM MM Forgings - Quaterly Results12 Aug 2024, 6:11PM M M Forgings informs about loss of share certificates6 Aug 2024, 3:04PM M M Forgings informs about transcript of investor call5 Jun 2024, 12:31PM M.M.Forgings informs about record date31 May 2024, 12:44PM M M Forgings informs about record date and date of interim dividend30 May 2024, 10:29AM MM Forgings - Quaterly Results29 May 2024, 9:01PM MM Forgings - Quaterly Results29 May 2024, 9:01PM MM Forgings board to consider dividend 22 May 2024, 5:35PM M M Forgings informs about disclosure 4 May 2024, 11:09AM M M Forgings informs about non-applicability of large corporate framework27 Apr 2024, 12:36PM MM Forgings informs about compliance certificate 5 Apr 2024, 3:01PM M.M Forgings informs about disclosure7 Mar 2024, 10:10AM M.M Forgings informs about disclosure7 Mar 2024, 10:08AM M M Forgings informs about newspaper advertisement21 Feb 2024, 2:21PM M.M.Forgings informs about postal ballot notice19 Feb 2024, 5:10PM MM Forgings - Quaterly Results10 Feb 2024, 5:34PM MM Forgings - Quaterly Results10 Feb 2024, 5:34PM MM Forgings - Quaterly Results10 Feb 2024, 5:34PM M.M.Forgings informs about confirmation certificate5 Jan 2024, 5:26PM MM Forgings reply to clarification sought on increase in volume of shares18 Dec 2023, 5:09PM M M Forgings informs about updates on schedule of investor meet6 Dec 2023, 2:42PM M M Forgings informs about cancellation of investors meet15 Nov 2023, 10:54AM MM Forgings - Quaterly Results9 Nov 2023, 10:04PM MM Forgings - Quaterly Results9 Nov 2023, 10:04PM M M Forgings informs about certificate7 Oct 2023, 12:11PM M M Forgings informs about issuance of duplicate share certificate 29 Sep 2023, 11:26AM MM Forgings - Quaterly Results12 Aug 2023, 6:33PM MM Forgings - Quaterly Results12 Aug 2023, 6:33PM M M Forgings informs about board meeting 27 Jul 2023, 11:31AM M M Forgings informs about closure of trading window27 Jun 2023, 9:52AM M.M.Forgings informs about press release19 May 2023, 3:20PM MM Forgings - Quaterly Results17 May 2023, 8:07PM MM Forgings - Quaterly Results17 May 2023, 8:07PM MM Forgings informs about certificate28 Apr 2023, 10:46AM M M Forgings informs about transcript of analyst meet18 Feb 2023, 9:41AM MM Forgings informs about appointment of CS cum CO14 Feb 2023, 3:03PM M M Forgings informs about earnings call14 Feb 2023, 12:30PM M M Forgings informs about issuance of duplicate share certificate14 Feb 2023, 12:03PM MM Forgings - Quaterly Results13 Feb 2023, 6:33PM MM Forgings - Quaterly Results13 Feb 2023, 6:33PM MM Forgings informs about loss of share certificates3 Feb 2023, 4:35PM M.M. Forgings informs about board meeting intimation1 Feb 2023, 5:12PM M.M.Forgings informs about trading window closure27 Dec 2022, 5:08PM M M Forgings informs about investor meeting 2 Dec 2022, 12:59PM M.M.Forgings informs about analyst meet2 Dec 2022, 12:30PM

MM Forgings Stock Price Analysis and Quick Research Report. Is MM Forgings an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

MM Forgings stock price today is Rs 479.95. Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse MM Forgings . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). MM Forgings has a PE ratio of 16.0600574876107 which is high and comparatively overvalued .

  • Share Price: - The current share price of MM Forgings is Rs 479.95. One can use valuation calculators of ticker to know if MM Forgings share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. MM Forgings has ROA of 7.9285 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. MM Forgings has a Current ratio of 1.1728 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. MM Forgings has a ROE of 19.3111 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. MM Forgings has a Debt to Equity ratio of 1.1335 which means that the company has low proportion of debt in its capital.

  • Sales growth: - MM Forgings has reported revenue growth of 8.0907 % which is poor in relation to its growth and performance. 

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of MM Forgings for the current financial year is 18.8854789013405 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for MM Forgings is Rs 8 and the yield is 1.6667 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of MM Forgings is Rs 29.8847 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of MM Forgings in Ticker for free. Also, one can get the intrinsic value of MM Forgings by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about MM Forgings

MM Forgings Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

MM Forgings Ltd. is a leading manufacturer of high-quality automotive components and is recognized as one of the top forging companies in India. With a strong focus on technology and innovation, the company has been supplying forged and machined components to various industries including automotive, railways, and defense.

MM Forgings Ltd. - Share Price

Stay updated with the latest share price of MM Forgings Ltd. Our website provides a user-friendly interface to track the real-time stock prices. Our pre-built screening tools can help you analyze historical trends and make informed investment decisions.

MM Forgings Ltd. - Balance Sheet

Access the balance sheet of MM Forgings Ltd. on our website. Our platform offers downloadable annual reports, which provide insights into the company's financial health. Utilize our premium features such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to calculate fair value and evaluate long-term investment potential.

MM Forgings Ltd. - Annual Report

Download the annual reports of MM Forgings Ltd. from our website. These reports offer a comprehensive view of the company's performance over the years. Gain valuable insights into the management's strategy, financial results, and future outlook to make well-informed investment decisions.

MM Forgings Ltd. - Dividend

Stay updated with the dividend announcements of MM Forgings Ltd. Our website provides the latest dividend information, enabling long-term investors to assess the company's dividend-paying track record.

MM Forgings Ltd. - Quarterly Results

Access the quarterly results of MM Forgings Ltd. on our website. Analyze the company's financial performance over different quarters to evaluate its growth trajectory. Utilize our premium features to delve deeper into the numbers and gain a comprehensive understanding of the company's financials.

MM Forgings Ltd. - Stock Price

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MM Forgings Ltd. - Price Chart

Track the price movements of MM Forgings Ltd. through interactive price charts available on our website. Our intuitive charts enable users to identify patterns, trends, and support and resistance levels, aiding in making informed investment decisions.

MM Forgings Ltd. - News

Access the latest news and updates related to MM Forgings Ltd. on our website. Stay informed about the company's developments, industry trends, and market news. Utilize this information to stay ahead of the curve and make well-informed investment decisions.

MM Forgings Ltd. - Concall Transcripts

Obtain the concall transcripts of MM Forgings Ltd. from our website. These transcripts capture the management's discussions and insights during conference calls with analysts. Gain valuable insights into the company's operations, strategy, and outlook.

MM Forgings Ltd. - Investor Presentations

Download investor presentations of MM Forgings Ltd. from our website. These presentations provide a detailed overview of the company's performance, growth prospects, and future plans. Stay up-to-date with the company's latest developments and evaluate investment opportunities.

MM Forgings Ltd. - Promoters

The promoters of MM Forgings Ltd. have played a key role in establishing the company as a leading player in the forging industry. Learn more about the promoters and their contributions to the company's growth and success.

MM Forgings Ltd. - Shareholders

Explore the shareholder base of MM Forgings Ltd. and understand the ownership structure. Gain insights into the major stakeholders and their influence on the company's decision-making process. Stay informed about any changes in the shareholding pattern.

At our website, we provide comprehensive tools and information for long-term stock investors seeking in-depth stock analysis. Stay updated with the latest stock prices, access annual reports, concall transcripts, investor presentations, and news. Leverage our pre-built screening tools and premium features for fair value calculations and financial analysis. Make well-informed investment decisions based on reliable data and insights. Visit our website for a seamless and secure investing experience.

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