MM Forgings
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MM Forgings share price

MM Forgings Ltd.

NSE: MMFL BSE: 522241 SECTOR: Forgings  25k   48   8

1140.30
-8.95 (-0.78%)
BSE: Today, 09:09 AM

Price Summary

Today's High

₹ 1140.3

Today's Low

₹ 1140.3

52 Week High

₹ 1207.85

52 Week Low

₹ 829.8

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

₹ 2752.78 Cr.

Enterprise Value

₹ 3299.68 Cr.

No. of Shares

2.41 Cr.

P/E

20.41

P/B

3.47

Face Value

₹ 10

Div. Yield

0.52 %

Book Value (TTM)

₹  328.64

CASH

₹ 205.29 Cr.

DEBT

₹ 752.2 Cr.

Promoter Holding

56.34 %

EPS (TTM)

₹  55.88

Sales Growth

27.58%

ROE

19.83 %

ROCE

15.12%

Profit Growth

36.87 %

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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

View Full Peer Comparison
* 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 Year27.58%
3 Year24.67%
5 Year17.82%

Profit Growth

1 Year36.87%
3 Year39.52%
5 Year12.89%

ROE%

1 Year19.83%
3 Year15.49%
5 Year15.38%

ROCE %

1 Year15.12%
3 Year12.21%
5 Year11.88%

Debt/Equity

1.0921

Price to Cash Flow

24.11

Interest Cover Ratio

6.98389470297945

CFO/PAT (5 Yr. Avg.)

1.47442215291823

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 56.34 0
Dec 2023 56.34 0
Sep 2023 56.34 0
Jun 2023 56.34 0
Mar 2023 56.34 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 39.5249130234775% for the Past 3 years.
  • The company has shown a good revenue growth of 24.6699902665465% for the Past 3 years.
  • Company’s PEG ratio is 0.553518492200362.
  • The company has an efficient Cash Conversion Cycle of 39.4475877619951 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.47442215291823.
  • The company has a high promoter holding of 56.34%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.92487827303583.

 Limitations

 Looks like the company does not have any serious limitations.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 361.08 372.88 365.53 384.12 387.75
Total Expenditure 294.62 307.46 303.45 312.22 312.73
Operating Profit 66.46 65.42 62.08 71.9 75.02
Other Income 5.56 5.35 6.28 5.13 6.74
Interest 7.61 7.16 9.52 8.66 10.86
Depreciation 17.3 17.3 17.5 17.5 17.5
Exceptional Items 0 0 0 0 0
Profit Before Tax 47.11 46.31 41.34 50.87 53.4
Tax 13.25 16.02 11.25 14.25 15.5
Profit After Tax 33.86 30.29 30.09 36.62 37.9
Adjusted EPS (Rs) 14.03 12.55 12.46 15.17 15.7

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 903.92 727.29 725.65 1104.64 1409.28
Total Expenditure 730.67 602.1 604.35 902.91 1153.74
Operating Profit 173.25 125.19 121.29 201.74 255.54
Other Income 15.84 18.51 21.59 18.57 16.12
Interest 26.14 33.05 31.22 27.31 29.22
Depreciation 54.41 53.23 56.73 60.11 67.6
Exceptional Items 0.02 0 0 0 0.01
Profit Before Tax 108.57 57.42 54.93 132.9 174.85
Tax 27.21 11.19 8.32 41.14 49.26
Net Profit 81.35 46.24 46.61 91.76 125.59
Adjusted EPS (Rs.) 33.7 19.15 19.31 38.01 52.02

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 24.14 24.14 24.14 24.14 24.14
Total Reserves 412.11 444.16 476.22 553.5 664.6
Borrowings 396.29 334.7 297.32 346.19 329.11
Other N/C liabilities 37.43 32.72 33.93 41.66 41.8
Current liabilities 346.79 303.87 431.37 473.66 610.49
Total Liabilities 1216.75 1139.6 1262.98 1439.14 1670.14
Assets
Net Block 588.06 652.91 617.51 649.83 711.55
Capital WIP 39.19 8.71 17.47 36.35 59.34
Intangible WIP 0 0 0 0 0
Investments 4.88 4.88 4.88 32.88 49.72
Loans & Advances 97.94 114.98 109.83 98.77 106.21
Other N/C Assets 8.85 16.89 7.37 6.69 9.94
Current Assets 477.82 341.22 505.91 614.62 733.38
Total Assets 1216.75 1139.6 1262.98 1439.14 1670.14
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 108.57 57.42 54.93 132.9 174.85
Adjustment 65.31 70.11 69.95 74.11 84.09
Changes in Assets & Liabilities -116.13 154.9 -109.2 -32.88 -102.36
Tax Paid -25.13 -9.43 -5.45 -26.84 -42.41
Operating Cash Flow 32.62 273.01 10.23 147.28 114.17
Investing Cash Flow -274.52 -71.43 -12.08 -126.01 -156.41
Financing Cash Flow 249.48 -199.32 14.5 16.71 22.98
Net Cash Flow 7.58 2.25 12.65 37.98 -19.27

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 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
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 & trad... 24.01 24.01 24.01 24.01 24.01
vidyashankar krishnan 11.27 11.27 11.27 11.27 11.27
vijay sundar ramachandran... 0.03 0.03 0.03 0.03 0.03
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 43.66 43.66 43.66 43.66 43.66
hdfc mutual fund - - - - 3.86
hsbc small cap fund 3.16 3.16 3.16 3.16 2.94
investor education and pr... 0.01 0.01 - - 0.01
marval guru fund - - - - 1.16
sandhya g parikh 1.02 1.02 1.02 1.02 1.02
srinivasan varadarajan 1.63 1.63 1.63 1.65 1.65
tata mutual fund 1.57 - - - 3.26
franklin india smaller co... 5.62 4.35 2.69 1.96 -
hdfc mutual fund - hdfc h... - 3.72 3.80 3.86 -
investor education and pr... - - 0.01 0.01 -
tata mutual fund - tata s... - 2.60 3.26 3.26 -
pgim india trustee privat... - 1.23 1.23 - -
hdfc trustee company ltd 3.72 - - - -
pgim india trustee privat... 1.23 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

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 informs about analyst meet intimation26 Nov 2022, 3:54PM M M Forgings informs about disclosure of related party transactions22 Nov 2022, 10:38AM MM Forgings - Quaterly Results14 Nov 2022, 5:13PM MM Forgings - Quaterly Results14 Nov 2022, 5:13PM M.M.Forgings informs about analyst meet12 Nov 2022, 10:31AM MM Forgings informs about analyst meet14 Sep 2022, 12:25PM MM Forgings to make strategic investment in Abhinava Rizel1 Sep 2022, 2:49PM MM Forgings - Quaterly Results10 Aug 2022, 2:21PM MM Forgings - Quaterly Results10 Aug 2022, 2:21PM MM Forgings - Quaterly Results10 Aug 2022, 2:21PM MM Forgings informs about closure of trading window27 Jun 2022, 9:35AM M.M.Forgings informs about press release15 Jun 2022, 4:24PM MM Forgings informs about published notice13 Jun 2022, 2:34PM

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 find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. 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 20.5709765800461 which is high and comparatively overvalued .

  • Share Price: - The current share price of MM Forgings is Rs 1149.5. 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 8.07830693555141 % 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 1.20129272465636 .

  • 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 19.8342866808204 % .(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 D/E ratio of 1.0921 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. MM Forgings has an Inventory turnover ratio of 5.86225433274743 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - MM Forgings has reported revenue growth of 27.577588741648 % which is fair 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 18.1325673436463 %.

  • 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 6 and the yield is 0.5227 %.

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

Monitor the stock price of MM Forgings Ltd. on our website. Stay informed about the market movements and price trends. Make use of our pre-built screening tools to analyze historical data and identify potential investment opportunities.

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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