MMFL

MM Forgings Ltd.

NSE: MMFL

BSE: 522241

Sector: Capital Goods

Industry Group: Industrial Products

Industry: Castings & Forgings

652.60+13.7 (+2.14%)

21 Aug, 12:00 AM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

38.1 / 100

Value Score

56.0 / 100

Price Momentum Score

95.5 / 100

QVM Score

76.0 / 100

Key Metrics

Market Cap

3150.88

P/E (TTM)

31.93

P/B

3.23

P/S (TTM)

1.91

EV/EBITDA

14.86

CAPE (5Y)

24.56

ROE (TTM)

10.57

ROCE (TTM)

8.25

ROA (TTM)

4.07

Avg 3Y ROE

14.52

Earnings 3Y CAGR

9.71

Sales 3Y CAGR

3.48

Sales 5Y CAGR

11.37

Debt/Equity

1.27

Consensus TP

840.00

Strong Buy %

100.00

Promoter Holding

56.34

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of MM Forgings Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Strong price momentum

Price Momentum score of 95.5 indicates that the stock has strong price momentum. Research has shown that stocks with higher momentum continue to outperform in the near term

What is Price Momentum score?

95.5 / 100

Analysts have been raising forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has increased by 3.47% in the last 3 months, indicating earnings momentum

What is Earnings upgrade (3M)?

Strong EPS growth and above median growth of industry

The company delivered strong EPS growth of 53.08% for 12-month ended 30 Jun 2026 and the growth was 43.23 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Consistently pays dividend

The company has not missed dividend payments once in the last 5 financial years

What is Dividend streak?

Negative

Expensive and at a premium to industry median P/E

PE TTM of 31.93 indicates that the stock is expensive on a standalone basis and is at a 27.72% premium to industry median P/E

What is P/E Ratio?

Median: 25

Value 31.93

5.35188.26

Moderate ROE but declining trend

The company reported moderate ROE of 10.57% for 12-month ended 30 Jun 2026 but ROE declined by -394 bps from 1 year ago

What is ROE (FY)?

Moderate operating margin but declining trend

The company reported moderate operating margin of 11.12% for 12-month ended 30 Jun 2026 but operating margin declined by -150 bps from 1 year ago

What is Operating profit margin?

Low revenue growth and in line with median growth of industry

The company delivered low revenue growth of 9.58% for 12-month ended 30 Jun 2026 and the growth was 1.2 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 8.38

Value 9.58

-17.4376.93

Low dividend yield

The company has a low dividend yield of 0.61%

What is Dividend yield?

Neutral

Reasonable Debt to Equity, and has been stable

The company has reasonable Debt to Equity of 1.27 as on 30 Jun 2026 and Debt to Equity decreased marginally by 0.06 in the last 1 year

What is Debt to Equity?

Company's earnings are of moderate quality

Earnings quality score of 66.1 indicates that the company's earnings are of moderate quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

66.1 / 100

Financial Snapshot

See detailed analysis

Multi-year trends for MM Forgings Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

MM Forgings Ltd. Shareholding Pattern

Quarterly breakdown of MM Forgings Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total Promoter	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34
Indian Promoter	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34	56.34
Foreign Promoter	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	23.59	22.15	21.89	21.66	21.94	21.89	21.65	21.99	20.41	18.81	17.23	17.81	18.66	18.23	17.37	16.40	14.11	13.56	13.91	13.60	12.01	10.13	10.07	10.29	10.23	9.93
Mutual Funds / UTI	21.72	21.64	21.59	20.94	20.78	21.49	20.66	20.71	19.11	17.59	16.11	16.44	16.81	16.37	15.40	14.14	11.47	9.51	9.33	8.77	7.81	7.20	7.14	7.38	7.20	7.13
FI/Bank/Insurance	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Govt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	1.66	0.30	0.01	0.42	0.89	0.13	0.53	0.77	0.78	0.82	0.91	1.16	1.65	1.64	1.72	1.93	2.28	2.85	3.41	3.75	3.09	1.79	1.76	1.74	1.85	2.44
Other Institutions	0.21	0.21	0.30	0.30	0.27	0.27	0.46	0.51	0.51	0.39	0.21	0.21	0.21	0.22	0.26	0.33	0.36	1.21	1.17	1.08	1.11	1.13	1.17	1.17	1.18	0.36
Non-Institution	20.07	21.52	21.77	22.01	21.73	21.77	22.01	21.68	23.26	24.86	26.44	25.86	25.00	25.43	26.29	27.27	29.55	30.10	29.75	30.07	31.65	33.54	33.60	33.38	33.44	33.73
Bodies Corporate	1.40	0.97	1.19	0.97	1.15	0.78	0.83	0.81	1.18	1.58	1.84	1.83	1.70	1.72	2.06	2.12	2.51	1.66	1.62	1.62	1.46	1.99	1.73	2.07	2.17	2.22
Others (incl. Retail) No. of shareholders	18.67 8,362	20.55 9,423	20.58 9,127	21.04 8,667	20.58 8,864	20.99 9,087	21.18 8,799	20.87 9,279	22.08 11,247	23.28 12,231	24.60 15,180	24.03 15,299	23.30 14,561	23.71 15,623	24.23 16,341	25.15 18,166	27.04 22,249	28.44 27,218	28.13 34,244	28.45 33,626	30.19 34,092	31.55 35,472	31.87 35,534	31.31 33,977	31.27 30,570	31.51 29,677

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	SHI: Castings & Forgings	10.77%	4 / 10

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in MM Forgings Ltd. shares as reported to NSE and BSE.

Name	Date	Type	Price	Qty.	Value
GRAVITON RESEARCH CAPITAL LLP	27 May 2024	buy	₹ 1,259.63	1.29 lac	₹ 16.27 cr
GRAVITON RESEARCH CAPITAL LLP	27 May 2024	sell	₹ 1,260.09	1.29 lac	₹ 16.28 cr
GRAVITON RESEARCH CAPITAL LLP	18 Dec 2023	buy	₹ 1,007.30	1.49 lac	₹ 15.01 cr
GRAVITON RESEARCH CAPITAL LLP	18 Dec 2023	sell	₹ 1,009.19	1.49 lac	₹ 15.04 cr
Hdfc Mutual Fund	20 Dec 2021	buy	₹ 692.50	2.91 lac	₹ 20.13 cr
Hdfc Mutual Fund	20 Dec 2021	sell	₹ 692.50	2.91 lac	₹ 20.13 cr

Corporate Actions

History of MM Forgings Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 4/share
Record date: 12th Jun 2026Ex-date: 12th Jun 2026
Announced on: 27th May 2026
Dividend₹ 4/share
Record date: 30th Jul 2025Ex-date: 30th Jul 2025
Announced on: 25th May 2025
Bonus1 new shares for 1 existing shares
Ex-date: 16th Jul 2024Announced on: 29th May 2024
Dividend₹ 8/share
Record date: 14th Jun 2024Ex-date: 14th Jun 2024
Announced on: 29th May 2024
Dividend₹ 6/share
Record date: 29th May 2023Ex-date: 29th May 2023
Announced on: 17th May 2023

Company Profile

Overview of MM Forgings Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

MM Forgings Limited is engaged in the manufacture of steel forgings. The Companys product categories include Passenger Cars, Commercial Vehicles, Agricultural, Off-Highway, and High Pressure Values. The Passenger Cars category includes products, such as sprocket, flange housing, connecting rod, rail...

Key personnel

Shri. R. Raghunathan

Chief Financial Officer

Shri. Vidyashankar KrishnanD

Executive Chairman of the Board, Managing Director

Shri. Krishnan VenkatramananD

Joint Managing Director, Executive Director

Shri. Ramnath NagarajanD

Executive Director, Director - Commercial

Shri. Krishnakumar RamanD

Executive Director, Director - Operations

Smt. Sumita VidyashankarD

Non-Executive Non-Independent Director

Shri. Shankar AthreyaD

Non-Executive Independent Director

Shri. S. KrishnakumarD

Non-Executive Independent Director

View all

Incorporated on

21 Feb 1946

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

2,327

IPO date

23 Sep 1996

Free Float

1,83,63,377

Website

https://www.mmforgings.com/

Phone no.

+914471601000

Address

SVK Towers, A 24/25, Thiru Vi Ka Industrial Estate, Guindy,, CHENNAI, 600032, India

Frequently Asked Questions

What is the current share price of MM Forgings Ltd.?

The current share price of MM Forgings Ltd. is ₹ 652.60 as of 21 Aug 2026.

What is the market capitalisation of MM Forgings Ltd.?

The market capitalisation of MM Forgings Ltd. stands at ₹ 3,150.88 Cr.

What is the PE ratio of MM Forgings Ltd.?

The Price-to-Earnings (PE) ratio of MM Forgings Ltd. is 31.93 as of the latest trailing twelve months data.

What is the ROE and ROCE of MM Forgings Ltd.?

MM Forgings Ltd. has a Return on Equity (ROE) of 10.57% and a Return on Capital Employed (ROCE) of 8.25% as per the latest financial reports.

What is the 52-week high and low of MM Forgings Ltd.?

The 52-week high of MM Forgings Ltd. is - and the 52-week low is -.

What is the dividend yield of MM Forgings Ltd.?

The dividend yield of MM Forgings Ltd. is 0.61% based on the current market price.

What is the FII and DII holding in MM Forgings Ltd.?

Foreign Institutional Investors (FII) hold 2.44%, Domestic Institutional Investors (DII) hold 7.13% and retail/public investors hold 31.51% of MM Forgings Ltd. shares.

What sector does MM Forgings Ltd. belong to?

MM Forgings Ltd. operates in the Capital Goods sector. 100% of analysts have a Buy or Strong Buy rating on MM Forgings Ltd. with a consensus target price of ₹ 840.00, implying 28.72% upside from current levels.

What is the beta of MM Forgings Ltd.?

The beta of MM Forgings Ltd. is 1.23, indicating its price volatility relative to the broader market. Over the past 1 year, MM Forgings Ltd. has delivered an absolute return of 118.41%.

What is the RSI of MM Forgings Ltd.?

The 14-day Relative Strength Index (RSI) of MM Forgings Ltd. is 62.48, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

MM Forgings Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

MM Forgings Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Company Profile

Holdings and Presence

Corporate Actions