MM Forgings
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MM Forgings share price

MM Forgings Ltd.

  80.31 K   67   9 NSE: MMFL BSE: 522241 SECTOR: Forgings

530.05
+4.65 (0.89%)
BSE: 16 Oct 04:01 PM

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Price Summary

Today's High

₹ 532

Today's Low

₹ 522.25

52 Week High

₹ 690.1

52 Week Low

₹ 276.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 2559.17 Cr.

Enterprise Value

₹ 3571.03 Cr.

No. of Shares

4.83 Cr.

P/E

20.15

P/B

2.4

Face Value

₹ 10

Div. Yield

0.75 %

Book Value (TTM)

₹  220.89

CASH

₹ 223.33 Cr.

DEBT

₹ 1235.19 Cr.

Promoter Holding

56.34 %

EPS (TTM)

₹  26.3

Sales Growth

4.62%

ROE

11.59 %

ROCE

9.5%

Profit Growth

-16.46 %

Add Your Ratio

* 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

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Ratios

Sales Growth

1 Year4.62%
3 Year3.03%
5 Year16.32%

Profit Growth

1 Year-16.46%
3 Year-3.42%
5 Year19.56%

ROE%

1 Year11.59%
3 Year15.49%
5 Year16.69%

ROCE %

1 Year9.5%
3 Year12.39%
5 Year13.18%

Debt/Equity

1.1979

Price to Cash Flow

10.68

Interest Cover Ratio

2.662

CFO/PAT (5 Yr. Avg.)

1.36329993802327

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2026 56.34 0.00
Jun 2026 56.34 0.00
Mar 2026 56.34 0.00
Dec 2025 56.34 0.00
Sep 2025 56.34 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 77.98 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.36329993802327.
  • The company has a high promoter holding of 56.34%.

 Limitations

  • The company has shown a poor profit growth of -3.42081352568814% for the Past 3 years.
  • The company has shown a poor revenue growth of 3.03067043656287% for the Past 3 years.
  • Tax rate is low at 12.395.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 361.27 377.69 405.33 413.34 419.7
Total Expenditure 298 314.54 333.69 335.19 344.68
Operating Profit 63.27 63.15 71.64 78.15 75.02
Other Income 7.91 6.8 5.47 3.57 7.31
Interest 18.3 21.23 20.35 18.31 16.27
Depreciation 25 22.5 22.5 24.7 29.76
Exceptional Items 0 0 0 0 0
Profit Before Tax 27.88 26.21 34.25 38.71 36.31
Tax 8.5 8.5 8.5 -9.39 0.9
Profit After Tax 19.38 17.71 25.75 48.1 35.41
Adjusted EPS (Rs) 4.01 3.67 5.33 9.96 7.33

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

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 1104.64 1412.78 1527.08 1476.96 1545.16
Total Expenditure 902.91 1154.32 1238.69 1182.84 1269.68
Operating Profit 201.74 258.46 288.4 294.12 275.48
Other Income 18.57 16.14 25.38 29.55 24.34
Interest 27.31 29.57 42.56 61.29 78.2
Depreciation 60.11 69.35 72.49 82.45 92.2
Exceptional Items 0 0.26 0.71 0.06 0.55
Profit Before Tax 132.9 175.94 199.43 179.98 129.97
Tax 41.14 49.55 53.96 43.68 16.11
Net Profit 91.76 126.4 145.46 136.3 113.86
Adjusted EPS (Rs.) 19.01 26.18 30.13 28.23 23.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 24.14 24.14 24.14 48.28 48.28
Total Reserves 553.5 666.04 792.19 885.83 982.81
Borrowings 346.19 331.53 387.02 603.86 596.15
Other N/C liabilities 41.66 38.39 52.09 68.89 54.07
Current liabilities 473.66 613.3 740.5 777.58 867.2
Total Liabilities 1439.14 1673.4 1995.93 2384.44 2548.52
Assets
Net Block 649.83 718.61 817.53 860.88 1003.91
Capital WIP 36.35 61.11 112.07 361.11 299.01
Intangible WIP 0 0 0 0 0
Investments 32.88 40.72 41.27 22.27 28.27
Loans & Advances 98.77 106.55 147.38 189.98 231.99
Other N/C Assets 6.69 9.94 9.21 17.56 0
Current Assets 614.62 736.47 868.46 932.64 985.34
Total Assets 1439.14 1673.4 1995.93 2384.44 2548.52
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 132.9 175.94 199.43 179.98 129.97
Adjustment 74.11 85.92 95 118.24 149.34
Changes in Assets & Liabilities -32.88 -103.23 -118 -50.16 -22.73
Tax Paid -26.84 -42.41 -31.86 -59.05 -16.88
Operating Cash Flow 147.28 116.22 144.55 189.01 239.7
Investing Cash Flow -126.01 -160.4 -201.28 -329.8 -156.52
Financing Cash Flow 16.71 21.44 63.07 148.84 -77.15
Net Cash Flow 37.98 -22.75 6.34 8.05 6.04

Corporate Actions

Investors Details

Annual Reports

Title Link
Title Link
Annual Report 2025
Annual Report 2024
Annual Report 2023
Annual Report 2022
Annual Report 2021
Annual Report 2020
Annual Report 2019
Annual Report 2018
Annual Report 2017

Ratings & Research Reports

TYPE AGENCY Link
TYPE AGENCY Link
Credit ICRA
Credit CARE
TYPE AGENCY Link
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Research CD Equisearch
Research CD Equisearch
Research HDFC Securities
Research HDFC Securities
Research CD Equisearch
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Research IDBI Capital
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Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY25
Concall Q4FY22
Concall Q3FY26
Concall Q2FY26
Concall Q2FY23
Concall Q1FY23
TYPE QUARTER Link
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Presentation Q4FY26
Presentation Q3FY25
Presentation Q1FY27

Company News

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 528.25. 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 20.0864678236269 which is high and comparatively overvalued .

  • Share Price: - The current share price of MM Forgings is Rs 528.25. 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 4.6164 % 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 1.1362 .

  • 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 11.5879 % .(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 1.1979 which means that the company has low proportion of debt in its capital.

  • Sales growth: - MM Forgings has reported revenue growth of 4.6179 % 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 17.8287098956654 %.

  • 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 4 and the yield is 0.7594 %.

  • 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 26.2988 . 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

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. 

MM Forgings Reserves Growth

MM Forgings has displayed a steadfast increase in its total reserves over a four-year period. As of March 2020, total reserves stood at Rs 444.16 Cr., which saw a consistent rise reaching Rs 792.19 Cr. by March 2024. This progressive growth indicates a strengthening in the company's retained earnings and indicates potential for reinvestment into business operations.

MM Forgings Balance Sheet Analysis

Analyzing the balance sheet of MM Forgings, there has been a significant rise in total liabilities from Rs 1,139.60 Cr. in March 2020 to Rs 1,995.93 Cr. by March 2024. This indicates a gradual expansion in the company’s financial obligations, although it should be noted that this expansion may support growth and operational scale-up.

MM Forgings Debt Management

Between March 2020 and March 2024, MM Forgings has managed its borrowings prudently, although there has been a fluctuation. The borrowings marginally decreased in March 2021 to Rs 297.32 Cr., subsequently rising and then being reported at Rs 387.02 Cr. in March 2024. This showcases a careful approach to leveraging and financial management.

MM Forgings Asset Base Expansion

The asset composition of MM Forgings has evolved with a robust increase in net block from Rs 652.91 Cr. in March 2020 to Rs 817.53 Cr. in March 2024. Capital WIP (Work in Progress) has also witnessed a considerable jump to Rs 112.07 Cr. in March 2024, reflecting ongoing investment in the company's capabilities and potential future growth.

This data presents an analysis for the Standalone Balance sheet of MM Forgings. The evaluation indicates a company on an expansionary path, bolstering assets, and managing liabilities in a dynamic market environment.

On a related note, the information provided might serve as a valuable input for investors looking at industry trends within the forging sector or considering diversification of their portfolio across NSE BSE indices.

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