| 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 | Dec 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 | 416 |
| 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 | 344 |
| 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 | 71 |
| 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 % | 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 | 26 |
| 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 | 20 |
| 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 | 26 |
| 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 | 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 | 18 |
| 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 | 3.64 |
MM Forgings
MM Forgings
476.15
-12.55
(-2.57%)
Market Cap
2,298.93 Cr
PE Ratio
27.22
Volume
1,39,187.00
Day High - Low
495.40 - 470.55
52W High-Low
501.05 - 288.10
Key Fundamentals
Market Cap
2,298.93 Cr
EPS
25.24
PE Ratio
27.22
PB Ratio
2.54
Book Value
201.60
EBITDA
318.70
Dividend Yield
0.82 %
Industry
Automobiles Sector
Auto Components Return on Equity
13.67
Debt to Equity
1.26
Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
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.
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.
MM Forgings Reports Q2 FY26 Results with Revenue Drop to INR 758 Crores Due to US Market Slowdown
Nov 21, 2025
Nov 21, 2025MM 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.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
129.42 | #1 1,36,595.60 | 37.61 | #1 1,14,220.30 | 15.51 | #1 4,146 | 8.94 | 60.79 | |
35,215.00 | 1,03,861.85 | 37.47 | 18,901.30 | 8.32 | 2,013 | 16.11 | 42.56 | |
1,780.00 | 85,099.78 | 73.74 | 15,336.60 | -3.60 | 913 | #1 28.20 | 75.41 | |
1,195.20 | 68,980.16 | 56.22 | 16,803.90 | #1 19.48 | 1,021 | 18.12 | 47.22 | |
3,888.90 | 60,784.93 | 56.41 | 8,350.70 | 13.22 | 939 | 22.38 | 56.44 | |
2,585.80 | 50,037.52 | 46.06 | 19,835.70 | 15.71 | 1,054 | -0.39 | 59.62 | |
2,465.20 | 34,676.21 | 37.25 | 11,677.80 | 13.09 | 836 | 20.17 | 46.97 | |
532.10 | 33,081.77 | 54.15 | 3,681.50 | 14.73 | 600 | -0.33 | 62.19 | |
15,246.00 | 28,917.98 | 58.18 | 3,939.20 | 0.73 | 461 | 11.71 | 52.41 | |
336.45 | 28,598.25 | #1 34.08 | 17,350.60 | 2.91 | 801 | 23.11 | 47.75 |
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
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 | Dec 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 % | 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 % | 1.74 % |
| 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 % | 8.55 % |
| 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 % | 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 % | 27.93 % |
| 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 % | 5.45 % |
| 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 | 34,244 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 6 | 10 | 5 | 5 | 5 | 6 | 6 | 8 | 4 | 0.00 |
| Dividend Yield (%) | 2.31 | 3.67 | 5.98 | 2.02 | 1.18 | 1.43 | 1.37 | 2.36 | 0.84 | 0.00 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
 Bonus | 1:1 | 18 Jul 2018 | 278.65 | 0.00 | |
| 02 Jul 2021 |  Dividend | ₹ 5.00 /share | 01 Jul 2021 | 295.53 | 355.48 |
| 07 Jun 2022 | Dividend | ₹ 6.00 /share | 06 Jun 2022 | 426.23 | 444.80 |
| 29 May 2023 | Dividend | ₹ 6.00 /share | 29 May 2023 | 449.90 | 421.95 |
| 14 Jun 2024 | Dividend | ₹ 8.00 /share | 14 Jun 2024 | 631.63 | 604.95 |
| 08 Jul 2024 |  Annual General Meeting | NA | 08 Jul 2024 | 599.23 | 635.40 |
| 16 Jul 2024 | Bonus | 1:1 | 16 Jul 2024 | 657.70 | 684.85 |
| 26 Oct 2024 |  Quarterly Result Announcement | NA | 26 Oct 2024 | 540.50 | 491.55 |
| 03 Feb 2025 | Quarterly Result Announcement | NA | 03 Feb 2025 | 424.85 | 431.00 |
| 24 May 2025 | Quarterly Result Announcement | NA | 24 May 2025 | 353.20 | 373.30 |
| 30 Jul 2025 | Dividend | ₹ 4.00 /share | 30 Jul 2025 | 373.30 | 352.45 |
| 06 Aug 2025 | Quarterly Result Announcement | NA | 06 Aug 2025 | 349.10 | 339.90 |
| 06 Aug 2025 | Annual General Meeting | NA | 06 Aug 2025 | 373.30 | 339.90 |
| 14 Nov 2025 | Quarterly Result Announcement | NA | 14 Nov 2025 | 313.25 | 299.30 |
| 13 Feb 2026 | Quarterly Result Announcement | NA | 13 Feb 2026 | 440.85 | 474.30 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript3 days ago
3 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Investor Presentation9 days ago
9 days agoBoard Meeting Outcome for Outcome Of The Board Meeting 13 Feb 20269 days ago
9 days agoResults-Q3FY269 days ago
9 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 11, 2026
Feb 11, 2026Board Meeting Intimation for Approval Of Unaudited Financial Results For Q3FY26Feb 04, 2026
Feb 04, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2026
Jan 08, 2026Closure of Trading WindowDec 26, 2025
Dec 26, 2025Reply To Clarification Sought On Increase In The Volume Of Shares Traded On The Stock Exchanges.Dec 03, 2025
Dec 03, 2025Clarification sought from MM Forgings LtdDec 03, 2025
Dec 03, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 21, 2025
Nov 21, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 18, 2025
Nov 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 17, 2025
Nov 17, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 14, 2025
Nov 14, 2025Board Meeting Outcome for Outcome Of Board MeetingNov 14, 2025
Nov 14, 2025Unaudited Financial Results For Q2FY26Nov 14, 2025
Nov 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 07, 2025
Nov 07, 2025Board Meeting Intimation for Approving The Unaudited Financial Results For Q2FY26Nov 04, 2025
Nov 04, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 13, 2025
Oct 13, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 07, 2025
Aug 07, 2025Appointment Of Secretarial AuditorAug 06, 2025
Aug 06, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 06, 2025
Aug 06, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 06, 2025
Aug 06, 2025Financial Results Q1F26Aug 06, 2025
Aug 06, 2025Board Meeting Intimation for Approval Of Quarterly Unaudited Financial ResultsJul 31, 2025
Jul 31, 2025Newspaper PublicationJul 15, 2025
Jul 15, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 14, 2025
Jul 14, 2025Reg. 34 (1) Annual Report.Jul 14, 2025
Jul 14, 2025Notice Of 79Th AGM Of The CompanyJul 14, 2025
Jul 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 11, 2025
Jul 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Intimation - Update On 79Th Annual General Meeting (AGM) - Change In TimingsJun 27, 2025
Jun 27, 2025Closure of Trading WindowJun 26, 2025
Jun 26, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 28, 2025
May 28, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 26, 2025
May 26, 2025Announcement Of Date Of Annual General Meeting And E-Voting Dates.May 24, 2025
May 24, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 24, 2025
May 24, 2025Appointment Of Secretarial AuditorMay 24, 2025
May 24, 2025Board Recommends Final DividendMay 24, 2025
May 24, 2025Corporate Action-Board approves DividendMay 24, 2025
May 24, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 60.94
ATR(14)
Volatile 24.46
STOCH(9,6)
Neutral 69.46
STOCH RSI(14)
Neutral 69.38
MACD(12,26)
Bullish 1.65
ADX(14)
Strong Trend 27.25
UO(9)
Bearish 58.05
ROC(12)
Uptrend And Accelerating 6.07
WillR(14)
Neutral -28.97
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