MM Forgings
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MM Forgings

352.15
+14.00
(4.14%)
Market Cap
₹1,700.24 Cr
PE Ratio
15.98
Volume
7,82,434.00
Day High - Low
₹361.95 - ₹345.95
52W High-Low
₹582.00 - ₹288.10
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Key Fundamentals
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Market Cap
1,700.24 Cr
EPS
25.24
PB Ratio
1.65
Book Value
192.01
EBITDA
318.70
Dividend Yield
1.26 %
Industry
Automobiles
ROE Growth %
-
Debt to Equity
1.26
Analyst Rating and Forecast
- By Refinitiv from2 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+100.00 %
+100.00 %
Hold
Hold0.0 %
0.0 %
Sell
Sell0.0 %
0.0 %
Forecast For
Actual

Company News

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Caret
neutral
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.
neutral
MM Forgings Limited Publishes Quarterly Financial Results for September 2025Nov 17, 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.
neutral
MM Forgings Reports Modest Growth Moderation in H1FY26 Amid Global Economic HeadwindsNov 15, 2025
MM Forgings Limited reported standalone revenue of ₹726.50 crores and operating EBITDA of ₹125.69 crores (17.3% margin) for H1FY26, experiencing market-driven growth moderation due to global economic volatility and softened automotive export performance. The company's consolidated turnover reached ₹758.29 crores with domestic sales contributing 38.6% of overall sales, while management remains focused on operational efficiency and cost optimization to strengthen long-term growth trajectory.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
117.97
#1 1,24,510.76
#1 33.35
#1 1,14,220.30
15.51
#1 4,146
-10.88
75.02
36,540.00
1,07,769.76
40.75
18,901.30
8.32
2,013
3.32
45.77
1,281.10
73,779.93
63.38
16,803.90
#1 19.48
1,021
21.26
52.57
1,397.40
66,808.11
63.60
15,336.60
-3.60
913
#1 23.02
63.61
3,903.40
61,011.57
59.47
6,961.65
-16.63
828
22.38
40.48
2,774.10
53,678.25
55.67
19,835.70
15.71
1,054
0.94
28.79
2,630.00
36,994.33
43.83
11,677.80
13.09
836
11.97
41.83
375.30
31,900.50
40.72
17,350.60
2.91
801
-25.62
49.09
47.07
31,215.23
53.37
9,332.20
11.96
606
8.68
46.65
501.50
31,179.31
51.99
3,681.50
14.73
600
18.73
62.75

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
-2.26 %
Net Income Growth
-9.70 %
Cash Flow Change
22.16 %
ROE
-20.11 %
ROCE
-23.69 %
EBITDA Margin (Avg.)
4.04 %

Quarterly Financial Results

Quarterly Financials
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
218
226
256
247
221
186
189
170
81
147
227
299
246
270
296
328
338
355
375
392
370
393
403
403
384
398
376
376
362
382
Expenses
179
186
205
199
182
155
151
143
71
124
188
236
201
224
239
268
281
291
299
319
305
322
323
320
309
321
301
298
298
318
EBITDA
39
40
51
48
39
32
38
27
10
23
39
62
44
46
57
60
57
65
76
74
65
71
80
83
75
77
75
78
64
63
Operating Profit %
17 %
17 %
18 %
18 %
16 %
15 %
18 %
14 %
4 %
14 %
15 %
20 %
17 %
16 %
18 %
17 %
17 %
17 %
19 %
18 %
16 %
17 %
19 %
19 %
18 %
18 %
19 %
19 %
16 %
16 %
Depreciation
15
15
15
14
15
14
14
17
15
15
16
19
17
17
17
17
18
20
21
21
21
21
21
20
22
23
23
26
25
24
Interest
11
7
10
10
11
11
8
7
7
9
8
8
7
7
8
6
7
7
8
7
10
9
11
13
15
16
16
14
18
21
Profit Before Tax
21
27
29
25
19
15
17
4
-8
7
18
36
26
29
36
38
38
43
49
47
40
50
49
50
42
45
39
40
28
25
Tax
4
6
6
9
4
3
4
1
0
2
3
4
3
3
7
29
9
11
13
16
11
14
15
14
12
13
12
7
9
9
Net Profit
17
21
23
16
15
12
14
3
-8
5
16
32
23
27
29
8
28
33
36
31
29
36
34
37
30
32
27
33
19
17
EPS in ₹
11.43
8.61
9.58
6.69
6.36
5.05
4.67
1.27
-3.31
2.24
6.41
13.15
9.49
10.99
12.16
3.48
11.73
13.64
14.83
12.75
12.01
14.69
13.90
15.24
12.47
6.61
5.50
6.90
3.97
3.43

Balance Sheet

Balance Sheet
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
838
1,218
1,134
1,250
1,414
1,661
1,969
2,349
Fixed Assets
406
651
712
675
708
804
914
965
Current Assets
384
500
358
512
619
740
867
944
Capital Work in Progress
27
39
13
18
36
63
124
383
Investments
0
0
0
3
22
22
23
4
Other Assets
405
528
409
554
647
772
908
997
Total Liabilities
838
1,218
1,134
1,250
1,414
1,661
1,969
2,349
Current Liabilities
290
357
311
435
469
621
743
787
Non Current Liabilities
185
434
368
328
385
367
437
671
Total Equity
363
427
455
487
560
673
789
892
Reserve & Surplus
351
403
431
463
535
649
765
843
Share Capital
12
24
24
24
24
24
24
48

Cash Flow

Cash Flow
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
30
8
3
12
39
-10
-6
8
Investing Activities
-86
-301
-78
-11
-126
-187
-232
-358
Operating Activities
4
27
283
20
150
160
149
182
Financing Activities
112
281
-202
3
14
17
77
185

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Jul 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
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 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
2.28 %
2.84 %
2.65 %
3.41 %
3.75 %
3.09 %
1.80 %
1.76 %
DIIs
20.78 %
21.49 %
20.66 %
20.71 %
19.11 %
17.59 %
16.32 %
16.65 %
17.01 %
16.59 %
15.65 %
14.14 %
11.83 %
10.72 %
10.57 %
10.50 %
9.85 %
8.93 %
8.33 %
8.31 %
Government
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 %
Public / Retail
19.21 %
19.32 %
19.53 %
19.27 %
20.46 %
21.63 %
22.70 %
22.16 %
21.51 %
21.97 %
22.81 %
23.54 %
25.29 %
25.99 %
25.21 %
24.34 %
24.92 %
0.00 %
28.12 %
28.46 %
Others
3.67 %
2.85 %
3.48 %
3.68 %
4.09 %
4.44 %
4.65 %
4.85 %
5.14 %
5.11 %
5.20 %
5.98 %
4.26 %
4.12 %
5.24 %
5.41 %
5.14 %
31.65 %
5.42 %
5.14 %
No of Share Holders
0
8,978
9,191
8,924
9,414
11,398
12,419
15,398
15,530
15,844
16,570
18,429
22,529
27,478
30,760
34,494
33,878
34,349
35,742
35,811

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 6 6 10 5 5 5 6 6 8 4
Dividend Yield (%) 4.44 2.31 3.67 5.98 2.02 1.18 1.43 1.37 2.36 1.18

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
BONUS Bonus
1:1
18 Jul 2018 280.56 0.00
02 Jul 2021 DIVIDEND Dividend
₹ 5.00 /share
01 Jul 2021 295.53 355.48
07 Jun 2022 DIVIDEND Dividend
₹ 6.00 /share
06 Jun 2022 426.23 444.80
29 May 2023 DIVIDEND Dividend
₹ 6.00 /share
29 May 2023 449.90 421.95
14 Jun 2024 DIVIDEND Dividend
₹ 8.00 /share
14 Jun 2024 631.63 604.95
08 Jul 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
08 Jul 2024 599.23 635.40
16 Jul 2024 BONUS Bonus
1:1
16 Jul 2024 657.70 684.85
26 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
26 Oct 2024 540.50 491.55
03 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
03 Feb 2025 424.85 431.00
24 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 May 2025 353.20 373.30
30 Jul 2025 DIVIDEND Dividend
₹ 4.00 /share
30 Jul 2025 373.30 352.45
06 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Aug 2025 349.10 339.90
06 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
06 Aug 2025 373.30 339.90
14 Nov 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
14 Nov 2025 313.25 299.30

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 21, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 18, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 17, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationNov 14, 2025
Board Meeting Outcome for Outcome Of Board MeetingNov 14, 2025
Unaudited Financial Results For Q2FY26Nov 14, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 12, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 07, 2025
Board Meeting Intimation for Approving The Unaudited Financial Results For Q2FY26Nov 04, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Closure of Trading WindowSep 26, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 14, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 11, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 07, 2025
Appointment Of Secretarial AuditorAug 06, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 06, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 06, 2025
Board Meeting Outcome for Outcome Of Board MeetingAug 06, 2025
Financial Results Q1F26Aug 06, 2025
Board Meeting Intimation for Approval Of Quarterly Unaudited Financial ResultsJul 31, 2025
Newspaper PublicationJul 15, 2025
Business Responsibility and Sustainability Reporting (BRSR)Jul 14, 2025
Reg. 34 (1) Annual Report.Jul 14, 2025
Notice Of 79Th AGM Of The CompanyJul 14, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 11, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Intimation - Update On 79Th Annual General Meeting (AGM) - Change In TimingsJun 27, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 28, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 26, 2025
Announcement Of Date Of Annual General Meeting And E-Voting Dates.May 24, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 24, 2025
Appointment Of Secretarial AuditorMay 24, 2025
Board Recommends Final DividendMay 24, 2025
Corporate Action-Board approves DividendMay 24, 2025
Board Meeting Outcome for Outcome Of Board MeetingMay 24, 2025
Results F25May 24, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 23, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 20, 2025
Corporate Action-Board to consider DividendMay 20, 2025
Board Meeting Intimation for Approval Of Audited Financial Results For Year Ended 31 March 2025May 15, 2025
Announcement under Regulation 30 (LODR)-Change in DirectorateMay 09, 2025
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 09, 2025
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotMay 09, 2025
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 26, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceApr 26, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 10, 2025

Technical Indicators

RSI(14)
Neutral
72.02
ATR(14)
Volatile
11.66
STOCH(9,6)
Neutral
77.71
STOCH RSI(14)
Overbought
98.03
MACD(12,26)
Bullish
3.01
ADX(14)
Strong Trend
28.51
UO(9)
Bearish
50.16
ROC(12)
Uptrend And Accelerating
11.95
WillR(14)
Neutral
-42.27