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M M Forgings Ltd

M M Forgings

Small Cap2,054 EmployeesIPO 1996
Current Price
450.00
-5.65 (-1.24%)Updated
NSE :MMFL
BSE :522241
Today's Range
435.65
450.00
indicator
453.65
52 Week Range
52W Low294.60
52W High501.05
450.00
indicator
Downside52.75%
Upside11.34%

Price Chart

Compare with Peers

Historical Ratios

Track top 12 most important financial ratios

P/E Ratio: Price to Earnings - Most used valuation metric

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Analyzing Investment Quality

Processing 9 key metrics...

Key Metrics

Hover for details

Valuation

Market Cap
2,213.95 Cr
Market Cap
Total market value of company
P/E Ratio
23.16
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)
P/B Ratio
1.61
P/B Ratio
Price to Book Value. <3 may indicate undervaluation
EPS
19.80
EPS
Earnings Per Share. Higher and growing is positive

Profitability

ROE
5.48%
ROE
Return on Equity. >15% is good, >20% is excellent
ROCE
11.90%
ROCE
Return on Capital Employed. >15% is good
Net Margin
6.41%
Net Margin
Net profit as % of revenue. >10% is good
Operating Margin
-%
Operating Margin
Operating profit margin. >15% is good

Growth

EPS Growth (5Y)
7.65%
EPS Growth (5Y)
5-year EPS growth. >15% is strong
Revenue Growth (5Y)
14.67%
Revenue Growth (5Y)
5-year revenue growth. >10% is good
Qtr Sales Growth
-5.37%
Qtr Sales Growth
Quarter-over-quarter sales growth
Qtr Profit Growth
-36.30%
Qtr Profit Growth
Quarter-over-quarter profit growth

Financial Health

Debt/Equity
1.33
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellent
Book Value
184.60
Book Value
Net asset value per share
Dividend Yield
0.87%
Dividend Yield
Annual dividend as % of price. >2% is good
Promoter Holding
56.30%
Promoter Holding
Promoter stake. >50% shows confidence
Good
Average
Needs Attention

SWOT Analysis

Strengths

4 points
  • MMFL exhibits a competitive Price-to-Earnings (PE) ratio of 13.30, lower than the sector PE of 14.29, suggesting potential undervaluation. Its Return on Equity (ROE) of 14.50% indicates efficient capital utilization and solid profitability for shareholders.
  • The company maintains a strong promoter holding of 56.3%, reflecting significant insider confidence in its long-term prospects. This stable ownership structure often signals management's commitment and alignment with shareholder interests.

Weaknesses

4 points
  • MMFL experienced a significant 36.30% decline in quarterly profit (PAT Qtr: 19.2 Cr), raising concerns about its short-term financial performance and profitability. This sharp drop warrants close monitoring for underlying issues.
  • The company carries a high debt-to-equity ratio of 1.33, indicating substantial reliance on borrowed capital. This elevated debt level increases financial risk and vulnerability to interest rate fluctuations or economic downturns.

Opportunities

3 points
  • The Auto Components & Equipments industry, where MMFL operates, is poised for growth driven by increasing automobile demand. This sector expansion presents a significant opportunity for MMFL to scale its operations and market share.
  • MMFL's PE ratio of 13.30 is significantly lower than peers like Bharat Forge (61.64) and Bosch (49.75), suggesting potential undervaluation. This could lead to a re-rating and significant upside as the market recognizes its true value.

Threats

4 points
  • The auto components industry is highly competitive, with larger peers like Bosch and Bharat Forge exhibiting higher ROCE (21.11%, 12.18% respectively). This intense competition could pressure MMFL's margins and market share.
  • A significant decrease in DII holding from 17.99% in June 2022 to 8.33% in June 2025 suggests declining domestic institutional investor confidence. This trend could signal underlying concerns or a shift in investment strategy.

Segment-wise Financial Analysis

Fetching Financials...
Fetching Balance Sheet...
Fetching Cash Flow...

Shareholding Pattern

Loading shareholding data...

Company Insider Trading Activity

No insider trading data available

Corporate Action

Company Announcements

Technical Analysis & Indicators

Standard pivot points - most widely used

Pivot Points (CLASSIC)

LevelPriceDistance% Change
R4493.22+₹43.22+9.60%
R3475.22+₹25.22+5.60%
R2464.43+₹14.43+3.21%
R1457.22+₹7.22+1.60%
PIVOT446.43-3.57-0.79%
CURRENT450.00--
S1403.22-₹46.78-10.40%
S2421.22-₹28.78-6.40%
S3428.43-₹21.57-4.79%
S4439.22-₹10.78-2.40%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: N/AP: N/ATC: N/A
R1
R2
R3
R4
indicator
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment

is trading CPR, indicating

● CPR Width

CPR is

● Opening Range

Day's range: ~

● Price Position

Trading Inside opening range

Delivery Volume Analysis & Trading Activity

Latest Volume
0.70L
(11 Mar 2026)
-37.8% vs avg
Delivery %
50.3%
(11 Mar 2026)
-0.5% vs avg
Avg Volume (20D)
1.13L
(11 Feb - 11 Mar)
20-day average
Avg Delivery %
50.8%
(11 Feb - 11 Mar)
Trend ↑
Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.

Peer Comparison & Industry Benchmarking

Quick Compare

Largest by Market Cap
JSW Steel Ltd
3.04L ₹ Cr
Best Profit Growth
Manaksia Coated Metals & Industries Ltd
831.00 %
Highest Dividend Yield
Gandhi Special Tubes Ltd
1.63 %

Peer Comparison

Company Name
AEROFLEX
Aeroflex Industries Ltd
BHARATWIRE
Bharat Wire Ropes Ltd
ELECTHERM
Electrotherm (India) Ltd
GANDHITUBE
Gandhi Special Tubes Ltd
HARIOMPIPE
Hariom Pipe Industries Ltd
HITECH
Hi-Tech Pipes Ltd
JSWSTEEL
JSW Steel Ltd
MANAKCOAT
Manaksia Coated Metals & Industries Ltd
MSPL
MSP Steel & Power Ltd
MUKANDLTD
Mukand Ltd
PENIND
Pennar Industries Ltd
PRAKASH
Prakash Industries Ltd
RAJRATAN
Rajratan Global Wire Ltd
RAMASTEEL
Rama Steel Tubes Ltd
STEELCAS
Steelcast Ltd
STEELXIND
Steel Exchange India Ltd
VENUSPIPES
Venus Pipes & Tubes Ltd
VSSL
Vardhman Special Steels Ltd

About

MMFL

M M Forgings Ltd

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.

COMPANY FACTS - MMFL

Registered Address

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

Chennai

TAMIL NADU

IN

Company Details

Group: Materials

Sector: Materials

Industry: Metals & Mining

Exchange: NATIONAL STOCK EXCHANGE OF INDIA

Employees: 2,054

IPO Date: 23/09/1996

MANAGEMENT - MMFL

Shri. Vidyashankar Krishnan

Executive Chairman of the Board, Managing Director

Shri. R. Venkatakrishnan

Chief Financial Officer

Shri. Chandrasekar S.

Chief Compliance Officer, Company Secretary

Shri. Krishnan Venkatramanan

Joint Managing Director, Executive Director

Shri. Ramnath Nagarajan

Whole Time Director, Director - Commercial

Shri. Krishnakumar Raman

Whole Time Director, Director - Operations

Smt. Sumita Vidyashankar

Non-Executive Director

Mr. Shankar Athreya

Non-Executive Independent Director

Shri. S. Krishnakumar

Non-Executive Independent Director

Smt. Shyamala S.

Non-Executive Woman Independent Director

Shri. Hari Sankaran

Non-Executive Independent Director

Shri. Radhakrishnan Subramanian

Non-Executive Independent Director

Investor Questions Answered

M M Forgings Ltd (MMFL) Stock FAQs

Get answers to the most common questions about M M Forgings Ltd stock price, fundamentals, financial metrics, and investment analysis

The current share price of M M Forgings Ltd (MMFL) is ₹450. Today, the stock has declined by ₹5.65 (1.24%), trading in a range of ₹435.65 to ₹453.65. The stock opened at ₹449.65 with a trading volume of 18,606 shares.
M M Forgings Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,213.95 crores, P/E ratio of 23.16, ROE of 5.48%, and ROCE of 11.90%. The dividend yield stands at 0.87%. 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.
The 52-week high price of M M Forgings Ltd (MMFL) is ₹501.05, while the 52-week low is ₹294.6. Currently trading at ₹450, the stock is 75.3% away from its 52-week low and 10.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy M M Forgings Ltd stock at ₹450 depends on multiple factors. The stock is currently trading with a P/E ratio of 23.16 and P/B ratio of N/A. Today's performance shows a loss of 1.24%. 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.
M M Forgings Ltd offers a dividend yield of 0.87%, which means for every ₹100 invested at the current price of ₹450, you can expect to receive approximately ₹0.87 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.
M M Forgings Ltd's key financial metrics include: P/E Ratio: 23.16, P/B Ratio: N/A, ROE: 5.48%, ROCE: 11.90%, Dividend Yield: 0.87%, EPS: ₹19.80, Book Value: ₹184.6, Debt-to-Equity: 1.33, and Current Ratio: N/A. The company's market cap stands at ₹2,213.95 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
M M Forgings Ltd stock opened at ₹449.65 and is currently trading at ₹450, showing a decline of ₹5.65 (1.24%). The intraday high is ₹453.65 and low is ₹435.65. The trading volume stands at 18,606 shares, indicating moderate market participation today.
M M Forgings Ltd has a Price-to-Earnings (P/E) ratio of 23.16, which means investors are willing to pay ₹23.16 for every ₹1 of earnings. With an EPS of ₹19.80, 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.
M M Forgings Ltd has a market capitalization of ₹2,213.95 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹450) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
M M Forgings Ltd has a book value of ₹184.6 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹450, which is 143.8% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
M M Forgings Ltd has a Return on Equity (ROE) of 5.48% and Return on Capital Employed (ROCE) of 11.90%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
M M Forgings Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
M M Forgings Ltd has a debt-to-equity ratio of 1.33, which measures the company's financial leverage by comparing total debt to shareholders' equity. A ratio above 1 suggests the company uses more debt than equity for financing. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
M M Forgings Ltd has an Earnings Per Share (EPS) of ₹19.80, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹450 and P/E ratio of 23.16, investors are paying 23.16 times the annual earnings per share. The company may need to improve its earnings performance. Track EPS growth over quarters to assess earnings momentum.
M M Forgings Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
M M Forgings Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze M M Forgings Ltd stock, consider: 1) Fundamental Analysis - Review P/E (23.16), ROE (5.48%), debt-to-equity (1.33), and growth rates. 2) Technical Analysis - Check 52-week range (₹294.60 - ₹501.05), moving averages, and chart patterns. 3) Valuation - Compare current price (₹450.00) with book value (₹184.60) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of M M Forgings Ltd share is ₹10.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹450 is 4400x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in M M Forgings Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹294.60 - ₹501.05). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 1.33 indicates leverage. 4) Liquidity Risk - Based on trading volume of 18,606 shares. 5) Valuation Risk - P/E of 23.16 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
M M Forgings Ltd operates in the industry with key metrics: P/E ratio of 23.16, ROE of 5.48%, market cap of ₹2,213.95 crores, and dividend yield of 0.87%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 1.33), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for M M Forgings Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹450, with a 52-week range of ₹294.60 to ₹501.05. Based on fundamentals like P/E (23.16), ROE (5.48%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling M M Forgings Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹450.00. 2) Fundamental Deterioration - Declining ROE (currently 5.48%), increasing debt (D/E: 1.33), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for M M Forgings Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.87%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.