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M M Forgings Ltd logo

M M Forgings Ltd

NSE: MMFL BSE: 522241

₹455.65

(1.98%)

Sun, 15 Mar 2026, 04:32 pm

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M M Forgings Share Price Live Chart

1 Day

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Summary

  • Market Cap

    2063.56

  • Net Profit

    121.86

  • P/B

    1.84

  • Sector P/E

    42.34

  • P/E

    13.48

  • EV/EBITDA

    8.19

  • Debt/Equity (Industry)

    0.37

  • Interest Cover (Industry)

    7.42

  • ROCE (Industry)

    13.15

  • RONW (Industry)

    12.64

  • ROE

    13.89

  • ROCE

    11.55

  • Debt/Equity

    1.26

  • EPS (TTM)

    17.94

  • Dividend Yield

    0.94

  • Book Value

    192.01

  • Interest Cover

    3.77

Analysis

all

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are well covered by earnings (3x coverage).
  • M M Forgings's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • M M Forgings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • M M Forgings is profitable, therefore cash runway is not a concern.
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Cons

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • M M Forgings's dividend is below the markets top 25% of dividend payers in India (3.08%).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Debt is not covered by short term assets, assets are 0.7x debt.
  • The level of debt compared to net worth has increased over the past 5 years (58.9% vs 141.7% today).

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Financials

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Ratios

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Shareholding

ShareholdersDEC 2025SEPT 2025JUN 2025MAR 2025DEC 2024
Promoters56.3456.3456.3456.3456.34
FII1.741.761.803.093.75
DII8.558.318.338.939.85
Public33.3833.6033.5431.6530.07
Government00000

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Technical Analysis

RSI

44.26

MACD

1.55

50 DMA

433.30

200 DMA

361.70

Support and Resistance

TypeR3R2R1PPS1S2S3
Classic683.32565.57512.33447.82394.58330.07212.32
Fibonacci565.57520.59492.80447.82402.84375.05330.07
Camarilla491.48480.69469.89447.82448.31437.51426.72

Pivots Level: Classic

R3

+235.50

683.32

R2

+117.75

565.57

R1

+64.52

512.33

447.82
447.82
Pivot Point
LTP: 429.35

S1

-53.23

394.58

S2

-117.75

330.07

S3

-235.50

212.32

Moving Average

SMAEMA

Period

Value

  • 10-EMA

    445.52

  • 20-EMA

    447.16

  • 30-EMA

    442.85

  • 50-EMA

    429.06

  • 100-EMA

    401.28

  • 200-EMA

    387.01

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Corporate Actions

Announcement DatePurposeActionEx Date
13 Feb 2026board-meetingsQuarterly Results
14 Nov 2025board-meetingsQuarterly Results
30 Jun 2025dividendFinal Dividend - Rs. - 430 Jul 2025
24 May 2025dividend₹4.00 Dividend /Share30 Jul 2025
24 May 2025agm
10 Jul 2024bonus1:1 Bonus Issue of Equity Shares16 Jul 2024
16 Jun 2024bonusBonus issue 1:116 Jul 2024
31 May 2024agm
29 May 2024dividend₹8.00 Dividend /Share14 Jun 2024
14 May 2024dividendInterim Dividend - Rs. - 814 Jun 2024

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Peer Comparison

M M Forgings Ltd logo

M M Forgings Ltd

AIA Engineering Ltd logo

AIA Engineering Ltd

CIE Automotive India Ltd logo

CIE Automotive India Ltd

Happy Forgings Ltd logo

Happy Forgings Ltd

PTC Industries Ltd logo

PTC Industries Ltd

Bharat Forge Ltd logo

Bharat Forge Ltd

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M M Forgings Ltd About

MM Forgings is engaged in the manufacture of Steel Forgings.

Industry

Castings & Forgings

Founded

1946

Headquarters

CEO

Vidyashankar Krishnan

Employees

Contact

Website icon

Website

http://www.mmforgings.com

Email icon

Email

corporate@mmforgings.com ; mmforge@mmforgings.com

Phone icon

Phone

91-44-71601000

Location icon

Location

SVK Tower A/24/25 Guindy, Thiru Vi Ka Industrial Estate, Chennai, Tamil Nadu, 600032

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M M Forgings Ltd Company History

YearHistory
2012
  • Shri A Gopalakrishnan was appointed as a Director of the company.
2018
  • The Company has issued Bonus Shares in the Ratio of 1:1.
2022
  • The company was awarded India's Most Admirable Brand 2022 by The Brand Story - TBS India.
2023
  • The company received the Best Suppliers Award by Ashok Leyland.
2024
  • The Company has issued Bonus Shares in the Ratio of 1:1.

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Deals

Client NameOrder SideQTYAvg PriceDate
GRAVITON RESEARCH CAPITAL LLPBuy1291921259.6327 May 2024
GRAVITON RESEARCH CAPITAL LLPSell1291921260.0927 May 2024
GRAVITON RESEARCH CAPITAL LLPBuy1490191007.318 Dec 2023
GRAVITON RESEARCH CAPITAL LLPSell1490191009.1918 Dec 2023
HDFC MUTUAL FUNDBuy290699692.520 Dec 2021
HDFC MUTUAL FUNDSell290699692.520 Dec 2021
KUWAIT INVESTMENT AUTHORITY FUND F239Sell137290463.7629 Apr 2021
HDFC MUTUAL FUND - HDFC BALANCED ADVANTAGE FUNDSell289978448.514 Jan 2021
HDFC MUTUAL FUNDBuy290699448.514 Jan 2021
SWISS FINANCE CORPORATION (MAURITIUS) LTDSell9150041018 Jul 2016

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M M Forgings Ltd News

MM Forgings Shares Q3FY26 Investor Call Recording

MM Forgings Limited releases audio recording of analyst/investor conference call held on March 5, 2026, discussing Q3FY26 unaudited financial results at Emkay Global's virtual conference.

06 Mar 2026

co actions results

MM Forgings Reports Stable Q3FY26 Performance

MM Forgings delivered stable nine-month performance with revenue of ₹1,131.83 crore, though PAT declined to ₹65.80 crore amid global economic volatility and export challenges.

15 Feb 2026

co actions results

MM Forgings Board Meet Set for Feb 13 for Q3FY26 Results

MM Forgings Limited has scheduled a board meeting on February 13, 2026, to approve Q3FY26 unaudited financial results. Trading window closed from January 1 to February 15, 2026.

04 Feb 2026

co actions results

MM Forgings Reports Q2 FY26 Results with Revenue Drop to INR 758 Crores Due to US Market Slowdown

MM Forgings achieved INR 758 crores turnover in Q2 FY26 versus INR 793 crores in the previous year, with EBITDA declining to INR 142 crores from INR 162 crores due to inventory buildup at US customers and Class VIII truck market slowdown. The company expects recovery from November onwards as US customers restart purchases, targeting INR 750-800 crores revenue in H2 FY26, while commissioning a 16,500 ton press by March that could add INR 300 crores annual revenue from FY27.

21 Nov 2025

earnings

MM Forgings Limited Publishes Quarterly Financial Results for September 2025

MM Forgings Limited submitted its unaudited financial results for the quarter ended September 30, 2025, to NSE and BSE exchanges. The company published these results in Makkal Kural and Business Line newspapers on November 15, 2025, as per SEBI LODR regulations.

17 Nov 2025

earnings

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800