MM FORGINGS Latest Share Price (MMFL)
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MMFL fell 1.9% on light volume, lagging Nifty's 0.3% move.
With a market cap of ₹2,974.15 Cr., it trades at a P/E of 17.96. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
MM FORGINGS flags & news
Key strengths, potential risks, and recent updates.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 34.1% YoY
- ●High Promoter HoldingPromoters hold 56.3% skin-in-the-game
- ●Promoter BuyingPromoters increased holdings by 56.34% QoQ
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Sales ContractionQuarterly sales dropped 0.2% YoY
- ●Rising Receivables vs SalesReceivables grew 23.4% outpacing sales growth of -2.4%
Latest MM FORGINGS News
What changed recently?
Recent events, corporate actions, and announcements.
MM FORGINGS valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for MM FORGINGS, framed against the sector median so the premium or discount is obvious at a glance.
MM FORGINGS trades at a P/E of 17.96× and P/B of 3.11×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
MM FORGINGS technical analysis: indicators, pivots and CPR.
Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for MM FORGINGS — derived from the latest tape, not yesterday's close.
MM FORGINGS last traded at ₹616.65 with an intraday range of ₹612.05–₹630 — latest indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Last: ₹616.65| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 662.98 | +46.33 | +7.51% |
| R3 | 645.03 | +28.38 | +4.60% |
| R2 | 637.52 | +20.87 | +3.38% |
| R1 | 627.08 | +10.43 | +1.69% |
| PIVOT | 619.57 | 2.92 | 0.47% |
| CURRENT | 616.65 | — | — |
| S1 | 609.13 | -7.52 | -1.22% |
| S2 | 601.62 | -15.03 | -2.44% |
| S3 | 591.18 | -25.47 | -4.13% |
| S4 | 573.23 | -43.42 | -7.04% |
MMFL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: ₹619.25–₹630
Trading Below opening range, showing Bearishness
MM FORGINGS financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for MM FORGINGS — consolidated or standalone — with margins, YoY growth and key ratios inline.
MM FORGINGS reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,974.15 Cr. and reported EPS of ₹18.98.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 1,525 | 1,590 ▲ 4.2% |
| Sales Growth YoY %Derived | -2.42% | 4.24% |
| Other Income | 23 | 16 ▼ 31.0% |
| Total Income | 1,548 | 1,605 ▲ 3.7% |
| 662 | 713 ▲ 7.7% | |
| Gross ProfitDerived | 863 | 877 ▲ 1.6% |
| Gross Margin %Derived | 56.60% | 55.18% |
| 567 | 597 ▲ 5.3% | |
| EBITDA (Operating Profit)Derived | 296 | 280 ▼ 5.4% |
| OPM %Derived | 19.41% | 17.61% |
| 153 | 182 ▲ 18.8% | |
| Profit Before Tax (PBT) | 166 | 115 ▼ 30.7% |
| 44 | 16 ▼ 63.2% | |
| Effective Tax %Derived | 26.47% | 14.07% |
| Total Profit for Period | 122 | 99 ▼ 19.0% |
| Net Profit (Owner's PAT)Derived | 122 | 99 ▼ 19.0% |
| Net Profit Margin %Derived | 7.99% | 6.21% |
| PAT Growth YoY %Derived | -9.60% | -19.03% |
| Earnings Per Share (EPS ₹) | 25.24 | 20.44 ▼ 19.0% |
| Diluted Shares Outstanding (Cr) | 5 | 5 ▲ 0.0% |
| Total Expenses (incl. D&A & Interest) | 1,382 | 1,491 ▲ 7.9% |
| Material Cost % of RevenueDerived | 43.33% | 40.10% |
| Employee Cost % of RevenueDerived | 10.63% | 11.12% |
| Other Cost % of RevenueDerived | 26.56% | 26.45% |
| Interest Coverage (x)Derived | 3.39x | 2.26x |
| Period | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 934 | 769 ▼ 17.7% | 744 ▼ 3.3% | 1,123 ▲ 50.9% | 1,462 ▲ 30.2% | 1,563 ▲ 6.9% | 1,525 ▼ 2.4% | 1,590 ▲ 4.2% | |
| Sales Growth YoY %Derived | — | -17.66% | -3.25% | 50.91% | 30.18% | 6.92% | -2.42% | 4.24% | |
| Other Income | 16 | 19 ▲ 17.1% | 18 ▼ 4.7% | 31 ▲ 74.6% | 12 ▼ 61.0% | 20 ▲ 70.2% | 23 ▲ 10.5% | 16 ▼ 31.0% | |
| Total Income | 950 | 788 ▼ 17.1% | 762 ▼ 3.3% | 1,154 ▲ 51.5% | 1,474 ▲ 27.7% | 1,584 ▲ 7.4% | 1,548 ▼ 2.3% | 1,605 ▲ 3.7% | |
417 | 355 ▼ 15.0% | 343 ▼ 3.3% | 505 ▲ 47.0% | 684 ▲ 35.6% | 717 ▲ 4.8% | 662 ▼ 7.7% | 713 ▲ 7.7% | ||
| Gross ProfitDerived | 517 | 414 ▼ 19.8% | 401 ▼ 3.2% | 618 ▲ 54.2% | 778 ▲ 25.8% | 846 ▲ 8.7% | 863 ▲ 2.1% | 877 ▲ 1.6% | |
| Gross Margin %Derived | 55.31% | 53.85% | 53.89% | 55.07% | 53.21% | 54.11% | 56.60% | 55.18% | |
337 | 282 ▼ 16.3% | 274 ▼ 3.0% | 426 ▲ 55.8% | 505 ▲ 18.4% | 553 ▲ 9.5% | 567 ▲ 2.6% | 597 ▲ 5.3% | ||
| EBITDA (Operating Profit)Derived | 180 | 132 ▼ 26.4% | 127 ▼ 3.7% | 192 ▲ 50.8% | 273 ▲ 42.1% | 293 ▲ 7.3% | 296 ▲ 1.1% | 280 ▼ 5.4% | |
| OPM %Derived | 19.24% | 17.18% | 17.11% | 17.10% | 18.66% | 18.73% | 19.41% | 17.61% | |
90 | 98 ▲ 9.5% | 96 ▼ 1.8% | 97 ▲ 0.7% | 109 ▲ 12.2% | 127 ▲ 16.4% | 153 ▲ 20.9% | 182 ▲ 18.8% | ||
| Profit Before Tax (PBT) | 106 | 53 ▼ 49.9% | 52 ▼ 1.7% | 129 ▲ 147.0% | 177 ▲ 37.3% | 189 ▲ 6.9% | 166 ▼ 12.4% | 115 ▼ 30.7% | |
27 | 11 ▼ 58.9% | 5 ▼ 51.1% | 18 ▲ 226.3% | 49 ▲ 174.5% | 54 ▲ 11.1% | 44 ▼ 19.4% | 16 ▼ 63.2% | ||
| Effective Tax %Derived | 25.66% | 21.06% | 10.49% | 13.85% | 27.70% | 28.77% | 26.47% | 14.07% | |
| Total Profit for Period | 79 | 42 ▼ 46.8% | 47 ▲ 11.4% | 111 ▲ 137.7% | 128 ▲ 15.3% | 135 ▲ 5.4% | 122 ▼ 9.6% | 99 ▼ 19.0% | |
| Net Profit (Owner's PAT)Derived | 79 | 42 ▼ 46.8% | 47 ▲ 11.4% | 111 ▲ 137.7% | 128 ▲ 15.3% | 135 ▲ 5.4% | 122 ▼ 9.6% | 99 ▼ 19.0% | |
| Net Profit Margin %Derived | 8.44% | 5.45% | 6.28% | 9.88% | 8.75% | 8.62% | 7.99% | 6.21% | |
| PAT Growth YoY %Derived | — | -46.83% | 11.42% | 137.66% | 15.27% | 5.35% | -9.60% | -19.03% | |
| Earnings Per Share (EPS ₹) | 16.33 | 8.68 ▼ 46.8% | 9.67 ▲ 11.4% | 22.99 ▲ 137.7% | 26.50 ▲ 15.3% | 27.92 ▲ 5.4% | 25.24 ▼ 9.6% | 20.44 ▼ 19.0% | |
| Diluted Shares Outstanding (Cr) | 5 | 5 ▲ 0.0% | 5 ▲ 0.0% | 5 ▲ 0.0% | 5 ▲ 0.0% | 5 ▲ 0.0% | 5 ▲ 0.0% | 5 ▲ 0.0% | |
| Total Expenses (incl. D&A & Interest) | 844 | 735 ▼ 12.9% | 710 ▼ 3.4% | 1,025 ▲ 44.4% | 1,297 ▲ 26.5% | 1,394 ▲ 7.5% | 1,382 ▼ 0.9% | 1,491 ▲ 7.9% | |
| Material Cost % of RevenueDerived | 48.75% | 43.82% | 43.97% | 46.76% | 50.91% | 49.75% | 43.33% | 40.10% | |
| Employee Cost % of RevenueDerived | 9.70% | 11.58% | 11.18% | 11.08% | 9.57% | 9.61% | 10.63% | 11.12% | |
| Other Cost % of RevenueDerived | 26.38% | 25.08% | 25.60% | 26.90% | 24.97% | 25.77% | 26.56% | 26.45% | |
| Interest Coverage (x)Derived | 3.86x | 1.90x | 2.05x | 4.48x | 6.56x | 4.93x | 3.39x | 2.26x |
MM FORGINGS segment analysis : revenue and profit mix.
Disclosed business segments at MM FORGINGS with their share of revenue and profit, switchable between consolidated and standalone reporting.
MM FORGINGS discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for MM FORGINGS.
Our AI distills the core fundamental drivers supporting MM FORGINGS, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
MM FORGINGS's investment case rests on 0 positive markers and 1 flagged concerns drawn from the latest reported filings.
What you're getting.
No strengths or opportunities on record.
Key Risks.
SWOT generation temporarily unavailable due to model error. The security token included in the request is invalid.
Flip Conditions.
Valuation risk. a P/E above 23 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.54. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 8% would indicate weaker capital compounding.
MM FORGINGS peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — MM FORGINGS is highlighted for quick read-across.
Quick Compare
Peer Comparison
| Company Name |
|---|
MM FORGINGS chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for MM FORGINGS — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
MM FORGINGS delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for MM FORGINGS over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in MM FORGINGS stood at 49.3% of traded volume, against a 20-day average of 48.6%.
MM FORGINGS announcements: results, concalls, ratings, M&A.
Filings MM FORGINGS sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
MM FORGINGS files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 89 documents below.
Analysts/Institutional Investor Meet/Con. Call Updates
MM Forgings Limited has informed the Exchange about Schedule of meet
Analysts/Institutional Investor Meet/Con. Call Updates
MM Forgings Limited has informed the Exchange about Transcript
General Updates
MM Forgings Limited has informed the Exchange about General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
MM Forgings Limited has informed the Exchange about Link of Recording
Copy of Newspaper Publication
MM Forgings Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
MM FORGINGS dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue MM FORGINGS has declared, sequenced by announce and record date.
MM FORGINGS corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About MM FORGINGS: business, sector, key facts.
What MM FORGINGS does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
MM FORGINGS operates in the Auto Components & Equipments industry under the Automobile and Auto Components sector, listed as NSE: MMFL, BSE: 522241.
M M Forgings Limited (MMFL) is an Indian company specializing in the manufacturing and sale of steel forgings. Their primary business focuses on producing a wide range of forged steel components used across diverse sectors. Established in 1945 and initially known as The Madras Motors Ltd., the company rebranded as M M Forgings Limited in 1993, solidifying its position within the forging industry.
MMFL's product portfolio is extensive and caters to a variety of applications. They offer a comprehensive selection of forgings including sprockets, flange housings, connecting rods, rail forgings, hubs, knuckles, front axle beams, universal joint crosses, steering and pivot arms, planetary wheel carriers, upper arm shafts, shifter forks, and rear axle spindles. Beyond these core offerings, their product line also encompasses yoke shafts, double yokes, crankshafts, links, yokes, fit yokes, levers, and high-pressure valve bodies and bonnets.
The company's clientele spans several key industries. A significant portion of their production serves the automotive sector, supplying components for passenger cars and commercial vehicles. Their forgings also find applications in off-highway vehicles, the oil and gas industry (value/oilfield), agriculture, and general engineering applications. This broad reach into diverse markets demonstrates the adaptability and versatility of MMFL's manufacturing capabilities and the wide-ranging utility of their steel forgings.
In essence, MMFL's business model revolves around supplying high-quality steel forgings to a diverse customer base across various industrial segments. Their long history and established presence in the Indian market, coupled with their extensive product range and commitment to serving diverse sectors, position them as a significant player within the steel forging industry.
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Questions investors ask about MM FORGINGS (MMFL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of MM FORGINGS (MMFL)?
The current share price of MM FORGINGS (MMFL) is ₹616.65. Today, the stock has declined by ₹11.90 (1.89%), trading in a range of ₹612.05 to ₹630.00. The stock opened at ₹625.00 with a trading volume of 21,511 shares.
02Is MM FORGINGS stock a good investment for long-term?
MM FORGINGS can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,974.15 Cr., P/E ratio of 17.96, ROE of 11.04%, and ROCE of 9.69%. The dividend yield stands at 0.64%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of MM FORGINGS stock?
The 52-week high price of MM FORGINGS (MMFL) is ₹687.95, while the 52-week low is ₹294.60. Currently trading at ₹616.65, the stock is 109.32% above its 52-week low and 10.36% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy MM FORGINGS stock at the current price?
Whether to buy MM FORGINGS stock at ₹616.65 depends on multiple factors. The stock is currently trading with a P/E ratio of 17.96 and P/B ratio of 3.11. Today's performance shows a loss of 1.89%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of MM FORGINGS and when is the next dividend?
MM FORGINGS offers a dividend yield of 0.64%, which means for every ₹100 invested at the current price of ₹616.65, you can expect to receive approximately ₹0.64 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of MM FORGINGS?
MM FORGINGS's key financial metrics include: P/E Ratio: 17.96, P/B Ratio: 3.11, ROE: 11.04%, ROCE: 9.69%, Dividend Yield: 0.64%, EPS: ₹18.98, Book Value: ₹202.59, and Debt-to-Equity: 1.04. The company's market cap stands at ₹2,974.15 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is MM FORGINGS stock performing today in the market?
MM FORGINGS stock opened at ₹625.00 and is currently trading at ₹616.65, showing a decline of ₹11.90 (1.89%). The intraday high is ₹630.00 and low is ₹612.05. The trading volume stands at 21,511 shares, indicating moderate market participation today.
08What is the P/E ratio of MM FORGINGS and what does it indicate?
MM FORGINGS has a Price-to-Earnings (P/E) ratio of 17.96, which means investors are willing to pay 17.96 for every ₹1 of earnings. With an EPS of ₹18.98, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about MM FORGINGS (MMFL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.