Market Data
Market Cap₹2,925.86 Cr.
52W High₹690.1
Current Price₹606
52W Low₹276.05
Down from 52W High12.2 %
Face Value₹10
Performance
ROCE9.63 %
ROE17.36 %
EPS (TTM)₹18.73
EPS Prev Qtr₹9.27
EPS Last Year₹3.43
EBITDA Qtr₹45.06 Cr.
Book Value₹202
Financial Health
Debt/Equity1.1
Debt/Profit6.34
Total Assets₹2,496.286 Cr.
Dividend Yield0.66 %
Promoter Holding56.34 %
Earning Power7.36 %
Valuation
Stock P/E17.28
Industry P/E24.975
Price to Book3
Price to Sales1.77
Graham Number₹399.24
Key Metrics
__derived
1
Dividend/Share
₹4
Face Value
₹10
About M M Forgings Ltd
Castings, Forgings & Fasteners
M M Forgings Ltd is listed on NSE in the Castings, Forgings & Fasteners sector. Face value ₹10. Market cap ₹2,925.86 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a solid promoter holding of 56.34%, indicating strong control and alignment of interests.
- The Return on Equity (ROE) of 17.36% demonstrates efficient use of shareholder equity to generate profits.
- The company has reported a net profit of ₹169.3 Cr on a revenue base of ₹1648.7 Cr, showing profitability.
- The Dividend Yield of 0.62% and Dividend per Share of ₹4 indicate a consistent dividend policy.
Weaknesses
- The Debt to Equity ratio of 1.1 suggests a relatively high level of leverage, which could pose financial risk.
- The Return on Capital Employed (ROCE) of 9.63% is moderate and could be improved to better reflect capital efficiency.
- The P/E ratio of 18.33 and P/B ratio of 3.18 may indicate that the stock is valued on the higher side relative to earnings and book value.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Bharat Forge Ltd | - | 132.3 | ₹93,418.52 Cr | 0.44% | ₹715.64 Cr | - | ₹17,542.84 Cr | - | 9.92% | 0.72 |
| AIA Engineering Ltd | - | 28.28 | ₹35,810.29 Cr | 0.42% | ₹1,264.75 Cr | - | ₹4,548.93 Cr | - | 22.01% | 0.07 |
| PTC Industries Ltd | - | 259.37 | ₹32,578.58 Cr | - | ₹125.59 Cr | - | ₹697.43 Cr | - | 11.42% | 0.04 |
| Happy Forgings Ltd | - | 57.41 | ₹18,812.04 Cr | 0.2% | ₹327.4 Cr | - | ₹1,641.96 Cr | - | 18.2% | 0.15 |
| CIE Automotive India Ltd | - | 16.13 | ₹14,563.72 Cr | 1.82% | ₹903.24 Cr | - | ₹9,997.34 Cr | - | 15.41% | 0.05 |
| Ramkrishna Forgings Ltd | - | 119.27 | ₹12,797.44 Cr | 0.14% | ₹106.89 Cr | - | ₹4,439.5 Cr | - | 6.3% | 0.72 |
| Kennametal India Ltd | - | 77.46 | ₹9,074.16 Cr | 0.58% | ₹117.1 Cr | - | ₹1,020.6 Cr | - | 23.8% | 0 |
| Balu Forge Industries Ltd | - | 20.33 | ₹5,920.66 Cr | - | ₹267.96 Cr | - | ₹1,174.88 Cr | - | 33.58% | 0.04 |
| Electrosteel Castings Ltd | - | 36.79 | ₹4,457.73 Cr | 1.25% | ₹120.77 Cr | - | ₹5,785.91 Cr | - | 4.05% | 0.26 |
| Steelcast Ltd | - | 41.25 | ₹3,735.8 Cr | 0.46% | ₹90.69 Cr | - | ₹441.3 Cr | - | 30.86% | 0 |
| M M Forgings Ltd | - | 17.28 | ₹2,925.86 Cr | 0.66% | ₹169.3 Cr | - | ₹1,648.7 Cr | - | 9.63% | 1.1 |
| Sundaram Clayton Ltd | - | 10.88 | ₹2,727.66 Cr | 0.36% | ₹250.81 Cr | - | ₹2,105.62 Cr | - | 16.58% | 1 |
| Amic Forging Ltd | - | - | ₹2,502.59 Cr | - | - | - | - | - | - | 0.03 |
| Investment & Precision Castings Ltd | - | 103.31 | ₹1,506.2 Cr | 0.07% | ₹14.58 Cr | - | ₹196.48 Cr | - | 15.81% | 0.68 |
| Gala Precision Engineering Ltd | - | 39.03 | ₹1,458.74 Cr | - | ₹37.11 Cr | - | ₹326.6 Cr | - | 14.42% | 0.12 |
| Alicon Castalloy Ltd | - | 32.06 | ₹1,178.7 Cr | 0.28% | ₹36.58 Cr | - | ₹1,931.21 Cr | - | 9.58% | 0.52 |
| Synergy Green Industries Ltd | - | - | ₹1,021.18 Cr | - | ₹-7.81 Cr | - | ₹369.57 Cr | - | 4.64% | 2.25 |
| Nelcast Ltd | - | 24.69 | ₹1,016.17 Cr | 0.6% | ₹41.07 Cr | - | ₹1,337.59 Cr | - | 9.93% | 0.43 |
| Neetu Yoshi Ltd | - | - | ₹953.82 Cr | - | - | - | - | - | - | 0.03 |
| Kalyani Cast-Tech Ltd | - | - | ₹949.59 Cr | - | - | - | - | - | - | - |
Quarterly Results
📊 Jun 2026: Revenue grew 16.3% YoY, Profit grew 371.2% YoY
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 361.65 | 384.93 | 413.64 | 429.65 | 420.48 |
| ↳ QoQ Growth | - | +6.4% | +7.5% | +3.9% | -2.1% |
| Expenses | 323.41 | 342.58 | 370.45 | 376.57 | 375.42 |
| Operating Profit | 38.24 | 42.35 | 43.19 | 53.08 | 45.06 |
| OPM % | 10.57% | 11% | 10.44% | 12.35% | 10.72% |
| Other Income | 7.75 | 3.96 | 2.64 | 0.67 | 6.28 |
| Interest | 18.31 | 21.23 | 20.35 | 18.31 | 16.27 |
| Depreciation | 25.08 | 24.18 | 26.15 | 27.71 | 29.88 |
| EBITDA | 63.32 | 66.53 | 69.34 | 80.79 | 74.94 |
| EBITDA Margin % | 17.51% | 17.28% | 16.76% | 18.8% | 17.82% |
| Profit Before Tax | 27.69 | 25.07 | 25.48 | 35.44 | 35.07 |
| Tax % | 30.7% | 33.91% | 33.36% | -26.38% | 2.57% |
| Net Profit | 19.19 | 16.57 | 17.57 | 44.74 | 90.42 |
| ↳ QoQ Growth | - | -13.7% | +6.0% | +154.6% | +102.1% |
| EPS | 3.98 | 3.43 | 3.64 | 9.27 | 18.73 |
Profit & Loss
| Mar 2026 | TTM | |
|---|---|---|
| Sales | 1589.87 | 1648.7 |
| Expenses | 1413.01 | 1465.02 |
| Operating Profit | 176.86 | 183.68 |
| OPM % | 11.12% | 11.14% |
| Other Income | 15.02 | 13.55 |
| Interest | 78.2 | 76.16 |
| Depreciation | 103.12 | 107.92 |
| Profit Before Tax | 113.68 | 121.06 |
| Tax % | 14.21% | 7.06% |
| Net Profit | 98.07 | 169.3 |
| EPS | 20.32 | 35.07 |
Compounded Sales Growth
10Y
-
5Y
-
3Y
-
TTM
-
Compounded Profit Growth
10Y
-
5Y
-
3Y
-
TTM
-
Stock Price CAGR
10Y
-
5Y
-
3Y
-
1Y
97.36%
Return on Equity
10Y
-
5Y
-
3Y
-
Last Year
17.36%
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 48.28 | 48.2816 |
| Reserves | 843 | 926.9396 |
| Borrowings | 1051.38 | 1073.76 |
| Other Liabilities | 406.31 | 447.3 |
| Total Liabilities | 2348.97 | 2496.2856 |
| Fixed Assets | 964.46 | 1100.6229 |
| CWIP | 383.31 | 334.8417 |
| Investments | 3.84 | 9.84 |
| Other Assets | 997.36 | 1050.98 |
| Total Assets | 2348.97 | 2496.2856 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | 227.6337 |
| Cash from Investing Activity | -182.0204 |
| Cash from Financing Activity | -38.1115 |
| Net Cash Flow | 7.5018 |
Ratios
| Mar 2026 | |
|---|---|
| Debtor Days | - |
| Inventory Days | - |
| Days Payable | - |
| Cash Conversion Cycle | - |
| Working Capital Days | 326.58 |
| ROCE % | 12.43% |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 56.34% | 56.34% | 56.34% | 56.34% |
| FIIs % | 1.76% | 1.74% | 1.86% | 2.44% |
| DIIs % | 8.31% | 8.55% | 8.38% | 7.49% |
| Public % | 28.46% | 27.93% | 26.7% | 27.14% |
| No. of Shareholders | 35,811 | 34,244 | 30,828 | 29,930 |
Major Shareholders (>1%)
- Synmax Consultants And Trading Pvt LtdPromoter and Promoter Group24.01%
- Krishnan Vidya ShankarPromoter and Promoter Group11.27%
- K VenkatramananPromoter and Promoter Group10.71%
- Sivasundar Private LtdPromoter and Promoter Group3.88%
As of 2026-06-30View all shareholders →