Share Price and Basic Stock Data
Last Updated: December 5, 2025, 6:39 pm
| PEG Ratio | 2.40 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
MM Forgings Ltd (MMFL) operates in the forgings industry, reporting significant revenue growth over recent years. For the fiscal year ending March 2025, MMFL recorded sales of ₹1,477 Cr, reflecting a consistent upward trajectory from ₹1,105 Cr in March 2022 and ₹1,413 Cr in March 2023. The company’s quarterly sales also exhibited resilience, with the latest reported figure for September 2023 standing at ₹384 Cr, slightly up from ₹373 Cr in March 2023. This upward trend in sales underscores MMFL’s ability to capitalize on market demand and operational efficiencies, positioning it well within the competitive landscape of the forgings sector. The company’s revenue from operations per share was reported at ₹315.89, indicating effective scaling of its production capabilities to meet rising market needs. MMFL’s increasing sales trajectory can be attributed to robust demand from key sectors such as automotive and industrial manufacturing, which are integral to India’s economic growth.
Profitability and Efficiency Metrics
MMFL’s profitability metrics reflect a sound operational framework, with an operating profit margin (OPM) of 20% reported for the fiscal year ending March 2025. This figure has shown improvement from 18% in March 2023, indicating effective cost management strategies. The net profit for the same period stood at ₹136 Cr, showing resilience in profitability despite fluctuating market conditions. The company’s return on equity (ROE) was recorded at 15.6%, which is commendable and suggests effective utilization of shareholders’ funds. Furthermore, the interest coverage ratio (ICR) of 5.33x highlights MMFL’s ability to meet its interest obligations comfortably, indicating sound financial health. However, the cash conversion cycle (CCC) has risen to 183 days, reflecting potential inefficiencies in inventory management and receivables collection, which could impact liquidity if not addressed. Overall, MMFL’s profitability metrics display strength, but attention to cash flow dynamics is essential for sustaining operational efficiency.
Balance Sheet Strength and Financial Ratios
MMFL’s balance sheet illustrates a mixed picture of strength and leverage. As of March 2025, total borrowings reached ₹1,184 Cr against reserves of ₹885 Cr, resulting in a debt-to-equity ratio of 1.18x, reflecting a moderately leveraged position. The company’s fixed assets were reported at ₹861 Cr, indicating significant investment in its production capabilities. However, the long-term debt-to-equity ratio of 0.67x suggests prudent financial management in leveraging debt for growth. The book value per share stood at ₹184.60, presenting a solid foundation for shareholder value. Additionally, the current ratio of 1.20x reflects adequate short-term liquidity. However, the rising levels of borrowings, coupled with a declining return on capital employed (ROCE) to 12.5%, signal potential risks if operational performance does not improve. Overall, while MMFL maintains a robust asset base, careful monitoring of debt levels and operational efficiency is crucial.
Shareholding Pattern and Investor Confidence
The shareholding pattern of MMFL reveals a stable structure, with promoters holding a significant 56.33% stake, indicating strong control and commitment to the company. Institutional investors, including Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs), hold 1.76% and 8.31% respectively, reflecting moderate institutional interest. Notably, the public shareholding has increased from 25.85% in December 2022 to 33.59% in September 2025, suggesting growing retail investor confidence. The total number of shareholders rose to 35,811, indicating enhanced participation from the public. This increase in public ownership could be a positive sign for future liquidity and market interest. However, the relatively low institutional holding might imply a lack of confidence among major investors, which could be a concern if not addressed. Overall, while the promoter commitment is strong, increasing institutional interest will be vital for sustaining investor confidence and market valuation.
Outlook, Risks, and Final Insight
Looking ahead, MMFL is well-positioned to leverage its operational efficiencies and market demand, particularly in the automotive and industrial sectors. However, several risks loom, including rising borrowings that could strain financial flexibility and the increasing cash conversion cycle, which may hinder liquidity. Additionally, potential fluctuations in raw material prices and global supply chain disruptions could impact profitability. Addressing these challenges will be crucial for maintaining growth momentum. The company’s focus on enhancing operational efficiency, improving inventory management, and optimizing working capital will be critical in mitigating these risks. If MMFL can successfully navigate these challenges, it is likely to sustain its growth trajectory and deliver value to shareholders. Conversely, failure to address these operational inefficiencies could hinder its performance, impacting investor sentiment and market positioning.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of MM Forgings Ltd (MMFL)
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,822 Cr. | 1,039 | 1,135/716 | 36.2 | 208 | 0.29 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 28.9 Cr. | 14.2 | 44.4/14.1 | 16.0 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 15,751 Cr. | 415 | 521/357 | 19.7 | 183 | 1.69 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,826 Cr. | 1,572 | 1,750/850 | 72.5 | 129 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 12.5 Cr. | 8.67 | 12.0/7.26 | 30.4 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,691.30 Cr | 411.42 | 72.13 | 155.23 | 0.31% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 333 | 342 | 361 | 373 | 366 | 384 | 388 | 389 | 369 | 389 | 364 | 355 | 349 |
| Expenses | 273 | 280 | 295 | 309 | 303 | 312 | 313 | 313 | 297 | 313 | 291 | 282 | 286 |
| Operating Profit | 60 | 62 | 66 | 64 | 63 | 72 | 75 | 75 | 72 | 77 | 73 | 72 | 63 |
| OPM % | 18% | 18% | 18% | 17% | 17% | 19% | 19% | 19% | 19% | 20% | 20% | 20% | 18% |
| Other Income | 1 | 5 | 6 | 5 | 6 | 5 | 7 | 7 | 7 | 8 | 6 | 8 | 9 |
| Interest | 6 | 7 | 8 | 7 | 10 | 9 | 11 | 13 | 15 | 16 | 15 | 15 | 18 |
| Depreciation | 15 | 17 | 17 | 18 | 18 | 18 | 19 | 18 | 19 | 20 | 20 | 23 | 22 |
| Profit before tax | 39 | 42 | 47 | 44 | 41 | 51 | 53 | 52 | 44 | 49 | 44 | 43 | 31 |
| Tax % | 24% | 25% | 28% | 36% | 27% | 28% | 29% | 26% | 27% | 27% | 27% | 16% | 28% |
| Net Profit | 30 | 32 | 34 | 28 | 30 | 37 | 37 | 38 | 32 | 36 | 32 | 36 | 22 |
| EPS in Rs | 6.12 | 6.60 | 7.01 | 5.87 | 6.21 | 7.58 | 7.71 | 7.88 | 6.71 | 7.44 | 6.56 | 7.50 | 4.63 |
Last Updated: August 20, 2025, 6:55 am
Below is a detailed analysis of the quarterly data for MM Forgings Ltd (MMFL) based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 349.00 Cr.. The value appears to be declining and may need further review. It has decreased from 355.00 Cr. (Mar 2025) to 349.00 Cr., marking a decrease of 6.00 Cr..
- For Expenses, as of Jun 2025, the value is 286.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 282.00 Cr. (Mar 2025) to 286.00 Cr., marking an increase of 4.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 63.00 Cr.. The value appears to be declining and may need further review. It has decreased from 72.00 Cr. (Mar 2025) to 63.00 Cr., marking a decrease of 9.00 Cr..
- For OPM %, as of Jun 2025, the value is 18.00%. The value appears to be declining and may need further review. It has decreased from 20.00% (Mar 2025) to 18.00%, marking a decrease of 2.00%.
- For Other Income, as of Jun 2025, the value is 9.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Mar 2025) to 9.00 Cr., marking an increase of 1.00 Cr..
- For Interest, as of Jun 2025, the value is 18.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 15.00 Cr. (Mar 2025) to 18.00 Cr., marking an increase of 3.00 Cr..
- For Depreciation, as of Jun 2025, the value is 22.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 23.00 Cr. (Mar 2025) to 22.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 31.00 Cr.. The value appears to be declining and may need further review. It has decreased from 43.00 Cr. (Mar 2025) to 31.00 Cr., marking a decrease of 12.00 Cr..
- For Tax %, as of Jun 2025, the value is 28.00%. The value appears to be increasing, which may not be favorable. It has increased from 16.00% (Mar 2025) to 28.00%, marking an increase of 12.00%.
- For Net Profit, as of Jun 2025, the value is 22.00 Cr.. The value appears to be declining and may need further review. It has decreased from 36.00 Cr. (Mar 2025) to 22.00 Cr., marking a decrease of 14.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 4.63. The value appears to be declining and may need further review. It has decreased from 7.50 (Mar 2025) to 4.63, marking a decrease of 2.87.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:50 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 411 | 503 | 502 | 478 | 621 | 904 | 727 | 726 | 1,105 | 1,413 | 1,527 | 1,477 | 1,457 |
| Expenses | 332 | 392 | 394 | 386 | 496 | 731 | 602 | 604 | 903 | 1,154 | 1,239 | 1,183 | 1,172 |
| Operating Profit | 79 | 111 | 108 | 93 | 124 | 173 | 125 | 121 | 202 | 258 | 288 | 294 | 285 |
| OPM % | 19% | 22% | 22% | 19% | 20% | 19% | 17% | 17% | 18% | 18% | 19% | 20% | 20% |
| Other Income | 3 | 2 | 5 | 11 | 12 | 16 | 19 | 22 | 19 | 16 | 26 | 30 | 32 |
| Interest | 8 | 9 | 8 | 10 | 13 | 26 | 33 | 31 | 27 | 30 | 43 | 61 | 65 |
| Depreciation | 36 | 35 | 36 | 39 | 42 | 54 | 53 | 57 | 60 | 69 | 72 | 82 | 86 |
| Profit before tax | 38 | 69 | 69 | 55 | 82 | 109 | 57 | 55 | 133 | 176 | 199 | 180 | 166 |
| Tax % | 24% | 26% | 28% | 21% | 17% | 25% | 19% | 15% | 31% | 28% | 27% | 24% | |
| Net Profit | 29 | 51 | 50 | 43 | 69 | 81 | 46 | 47 | 92 | 126 | 145 | 136 | 126 |
| EPS in Rs | 6.08 | 10.49 | 10.39 | 9.01 | 14.21 | 16.84 | 9.57 | 9.65 | 19.00 | 26.17 | 30.12 | 28.23 | 26.13 |
| Dividend Payout % | 16% | 14% | 14% | 17% | 18% | 15% | 26% | 26% | 16% | 11% | 13% | 14% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 75.86% | -1.96% | -14.00% | 60.47% | 17.39% | -43.21% | 2.17% | 95.74% | 36.96% | 15.08% | -6.21% |
| Change in YoY Net Profit Growth (%) | 0.00% | -77.82% | -12.04% | 74.47% | -43.07% | -60.60% | 45.38% | 93.57% | -58.79% | -21.88% | -21.29% |
MM Forgings Ltd (MMFL) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
No data available for the compounded sales growth chart.
Balance Sheet
Last Updated: December 4, 2025, 1:39 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 48 | 48 |
| Reserves | 184 | 226 | 268 | 303 | 357 | 412 | 444 | 476 | 554 | 666 | 792 | 885 | 925 |
| Borrowings | 151 | 190 | 214 | 224 | 381 | 688 | 566 | 532 | 680 | 756 | 925 | 1,184 | 1,216 |
| Other Liabilities | 31 | 45 | 45 | 51 | 86 | 93 | 105 | 230 | 181 | 227 | 254 | 266 | 331 |
| Total Liabilities | 378 | 473 | 538 | 589 | 836 | 1,217 | 1,140 | 1,263 | 1,439 | 1,673 | 1,996 | 2,384 | 2,521 |
| Fixed Assets | 200 | 225 | 262 | 320 | 365 | 588 | 653 | 618 | 650 | 719 | 818 | 861 | 977 |
| CWIP | 7 | 11 | 30 | 14 | 27 | 39 | 9 | 17 | 36 | 61 | 112 | 361 | 281 |
| Investments | 0 | 0 | 0 | 0 | 4 | 5 | 5 | 5 | 33 | 41 | 41 | 22 | 22 |
| Other Assets | 171 | 237 | 245 | 255 | 440 | 585 | 473 | 623 | 720 | 853 | 1,025 | 1,139 | 1,240 |
| Total Assets | 378 | 473 | 538 | 589 | 836 | 1,217 | 1,140 | 1,263 | 1,439 | 1,673 | 1,996 | 2,384 | 2,521 |
Below is a detailed analysis of the balance sheet data for MM Forgings Ltd (MMFL) based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 48.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 48.00 Cr..
- For Reserves, as of Sep 2025, the value is 925.00 Cr.. The value appears strong and on an upward trend. It has increased from 885.00 Cr. (Mar 2025) to 925.00 Cr., marking an increase of 40.00 Cr..
- For Borrowings, as of Sep 2025, the value is 1,216.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 1,184.00 Cr. (Mar 2025) to 1,216.00 Cr., marking an increase of 32.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 331.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 266.00 Cr. (Mar 2025) to 331.00 Cr., marking an increase of 65.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 2,521.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,384.00 Cr. (Mar 2025) to 2,521.00 Cr., marking an increase of 137.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 977.00 Cr.. The value appears strong and on an upward trend. It has increased from 861.00 Cr. (Mar 2025) to 977.00 Cr., marking an increase of 116.00 Cr..
- For CWIP, as of Sep 2025, the value is 281.00 Cr.. The value appears to be declining and may need further review. It has decreased from 361.00 Cr. (Mar 2025) to 281.00 Cr., marking a decrease of 80.00 Cr..
- For Investments, as of Sep 2025, the value is 22.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 22.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,240.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,139.00 Cr. (Mar 2025) to 1,240.00 Cr., marking an increase of 101.00 Cr..
- For Total Assets, as of Sep 2025, the value is 2,521.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,384.00 Cr. (Mar 2025) to 2,521.00 Cr., marking an increase of 137.00 Cr..
However, the Borrowings (1,216.00 Cr.) are higher than the Reserves (925.00 Cr.), which may signal higher financial risk.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -72.00 | -79.00 | -106.00 | -131.00 | -257.00 | -515.00 | -441.00 | -411.00 | -478.00 | -498.00 | -637.00 | 293.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 21 | 11 | 13 | 33 | 32 | 6 | 61 | 55 | 59 | 76 | 94 |
| Inventory Days | 158 | 139 | 128 | 119 | 177 | 167 | 143 | 177 | 139 | 157 | 165 | 182 |
| Days Payable | 32 | 48 | 52 | 52 | 87 | 43 | 78 | 103 | 83 | 87 | 83 | 93 |
| Cash Conversion Cycle | 151 | 111 | 87 | 80 | 123 | 157 | 71 | 135 | 112 | 129 | 157 | 183 |
| Working Capital Days | -8 | -8 | -22 | -32 | -41 | -16 | -69 | -57 | -28 | -21 | -19 | -16 |
| ROCE % | 13% | 20% | 17% | 13% | 15% | 14% | 8% | 8% | 14% | 15% | 15% | 12% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| HDFC Hybrid Equity Fund - Regular Plan | 1,214,000 | 0.29 | 72.52 | 1,214,000 | 2025-04-22 05:57:46 | 0% |
| Sundaram Small Cap Fund | 286,238 | 0.5 | 17.1 | 286,238 | 2025-04-22 15:56:55 | 0% |
| Navi Flexi Cap Fund | 50,000 | 1.08 | 2.99 | 50,000 | 2025-04-22 15:56:55 | 0% |
| Navi Aggressive Hybrid Fund | 17,400 | 0.94 | 1.04 | 17,400 | 2025-04-22 17:25:26 | 0% |
| Navi ELSS Tax Saver Fund - Regular Plan | 11,000 | 0.98 | 0.66 | 11,000 | 2025-04-22 17:25:26 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 25.24 | 55.94 | 53.00 | 37.69 | 19.35 |
| Diluted EPS (Rs.) | 25.24 | 55.94 | 53.00 | 37.69 | 19.35 |
| Cash EPS (Rs.) | 44.56 | 90.24 | 85.64 | 65.76 | 45.59 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 184.60 | 326.87 | 278.93 | 231.79 | 201.80 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 184.60 | 326.87 | 278.93 | 231.79 | 201.80 |
| Revenue From Operations / Share (Rs.) | 315.89 | 647.48 | 605.56 | 472.08 | 324.18 |
| PBDIT / Share (Rs.) | 66.01 | 129.79 | 118.01 | 92.32 | 61.73 |
| PBIT / Share (Rs.) | 46.70 | 95.48 | 85.36 | 64.25 | 35.48 |
| PBT / Share (Rs.) | 34.33 | 78.49 | 73.30 | 53.38 | 21.61 |
| Net Profit / Share (Rs.) | 25.24 | 55.94 | 53.00 | 37.69 | 19.35 |
| NP After MI And SOA / Share (Rs.) | 25.24 | 55.94 | 53.00 | 37.69 | 19.35 |
| PBDIT Margin (%) | 20.89 | 20.04 | 19.48 | 19.55 | 19.04 |
| PBIT Margin (%) | 14.78 | 14.74 | 14.09 | 13.61 | 10.94 |
| PBT Margin (%) | 10.86 | 12.12 | 12.10 | 11.30 | 6.66 |
| Net Profit Margin (%) | 7.99 | 8.63 | 8.75 | 7.98 | 5.96 |
| NP After MI And SOA Margin (%) | 7.99 | 8.63 | 8.75 | 7.98 | 5.96 |
| Return on Networth / Equity (%) | 13.67 | 17.12 | 19.01 | 16.26 | 9.58 |
| Return on Capital Employeed (%) | 14.42 | 18.81 | 19.79 | 16.46 | 10.50 |
| Return On Assets (%) | 5.18 | 6.86 | 7.70 | 6.43 | 3.68 |
| Long Term Debt / Equity (X) | 0.67 | 0.49 | 0.49 | 0.62 | 0.61 |
| Total Debt / Equity (X) | 1.18 | 1.03 | 0.97 | 1.07 | 1.09 |
| Asset Turnover Ratio (%) | 0.70 | 0.86 | 0.95 | 0.81 | 0.60 |
| Current Ratio (X) | 1.20 | 1.17 | 1.19 | 1.31 | 1.17 |
| Quick Ratio (X) | 0.76 | 0.70 | 0.70 | 0.87 | 0.77 |
| Inventory Turnover Ratio (X) | 4.44 | 2.39 | 2.92 | 2.81 | 2.19 |
| Dividend Payout Ratio (NP) (%) | 15.84 | 14.30 | 11.32 | 15.91 | 25.84 |
| Dividend Payout Ratio (CP) (%) | 8.97 | 8.86 | 7.00 | 9.12 | 10.96 |
| Earning Retention Ratio (%) | 84.16 | 85.70 | 88.68 | 84.09 | 74.16 |
| Cash Earning Retention Ratio (%) | 91.03 | 91.14 | 93.00 | 90.88 | 89.04 |
| Interest Coverage Ratio (X) | 5.33 | 7.40 | 9.64 | 8.04 | 4.23 |
| Interest Coverage Ratio (Post Tax) (X) | 3.04 | 4.16 | 5.31 | 4.23 | 2.28 |
| Enterprise Value (Cr.) | 2476.58 | 2705.02 | 2447.16 | 2413.96 | 1539.81 |
| EV / Net Operating Revenue (X) | 1.62 | 1.73 | 1.67 | 2.12 | 1.97 |
| EV / EBITDA (X) | 7.77 | 8.63 | 8.59 | 10.83 | 10.33 |
| MarketCap / Net Operating Revenue (X) | 1.08 | 1.35 | 1.38 | 1.79 | 1.53 |
| Retention Ratios (%) | 84.15 | 85.69 | 88.67 | 84.08 | 74.15 |
| Price / BV (X) | 1.84 | 2.67 | 2.99 | 3.65 | 2.45 |
| Price / Net Operating Revenue (X) | 1.08 | 1.35 | 1.38 | 1.79 | 1.53 |
| EarningsYield | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 |
After reviewing the key financial ratios for MM Forgings Ltd (MMFL), here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 25.24. This value is within the healthy range. It has decreased from 55.94 (Mar 24) to 25.24, marking a decrease of 30.70.
- For Diluted EPS (Rs.), as of Mar 25, the value is 25.24. This value is within the healthy range. It has decreased from 55.94 (Mar 24) to 25.24, marking a decrease of 30.70.
- For Cash EPS (Rs.), as of Mar 25, the value is 44.56. This value is within the healthy range. It has decreased from 90.24 (Mar 24) to 44.56, marking a decrease of 45.68.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 184.60. It has decreased from 326.87 (Mar 24) to 184.60, marking a decrease of 142.27.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 184.60. It has decreased from 326.87 (Mar 24) to 184.60, marking a decrease of 142.27.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 315.89. It has decreased from 647.48 (Mar 24) to 315.89, marking a decrease of 331.59.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 66.01. This value is within the healthy range. It has decreased from 129.79 (Mar 24) to 66.01, marking a decrease of 63.78.
- For PBIT / Share (Rs.), as of Mar 25, the value is 46.70. This value is within the healthy range. It has decreased from 95.48 (Mar 24) to 46.70, marking a decrease of 48.78.
- For PBT / Share (Rs.), as of Mar 25, the value is 34.33. This value is within the healthy range. It has decreased from 78.49 (Mar 24) to 34.33, marking a decrease of 44.16.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 25.24. This value is within the healthy range. It has decreased from 55.94 (Mar 24) to 25.24, marking a decrease of 30.70.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 25.24. This value is within the healthy range. It has decreased from 55.94 (Mar 24) to 25.24, marking a decrease of 30.70.
- For PBDIT Margin (%), as of Mar 25, the value is 20.89. This value is within the healthy range. It has increased from 20.04 (Mar 24) to 20.89, marking an increase of 0.85.
- For PBIT Margin (%), as of Mar 25, the value is 14.78. This value is within the healthy range. It has increased from 14.74 (Mar 24) to 14.78, marking an increase of 0.04.
- For PBT Margin (%), as of Mar 25, the value is 10.86. This value is within the healthy range. It has decreased from 12.12 (Mar 24) to 10.86, marking a decrease of 1.26.
- For Net Profit Margin (%), as of Mar 25, the value is 7.99. This value is within the healthy range. It has decreased from 8.63 (Mar 24) to 7.99, marking a decrease of 0.64.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 7.99. This value is below the healthy minimum of 8. It has decreased from 8.63 (Mar 24) to 7.99, marking a decrease of 0.64.
- For Return on Networth / Equity (%), as of Mar 25, the value is 13.67. This value is below the healthy minimum of 15. It has decreased from 17.12 (Mar 24) to 13.67, marking a decrease of 3.45.
- For Return on Capital Employeed (%), as of Mar 25, the value is 14.42. This value is within the healthy range. It has decreased from 18.81 (Mar 24) to 14.42, marking a decrease of 4.39.
- For Return On Assets (%), as of Mar 25, the value is 5.18. This value is within the healthy range. It has decreased from 6.86 (Mar 24) to 5.18, marking a decrease of 1.68.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.67. This value is within the healthy range. It has increased from 0.49 (Mar 24) to 0.67, marking an increase of 0.18.
- For Total Debt / Equity (X), as of Mar 25, the value is 1.18. This value exceeds the healthy maximum of 1. It has increased from 1.03 (Mar 24) to 1.18, marking an increase of 0.15.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.70. It has decreased from 0.86 (Mar 24) to 0.70, marking a decrease of 0.16.
- For Current Ratio (X), as of Mar 25, the value is 1.20. This value is below the healthy minimum of 1.5. It has increased from 1.17 (Mar 24) to 1.20, marking an increase of 0.03.
- For Quick Ratio (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.70 (Mar 24) to 0.76, marking an increase of 0.06.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 4.44. This value is within the healthy range. It has increased from 2.39 (Mar 24) to 4.44, marking an increase of 2.05.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 15.84. This value is below the healthy minimum of 20. It has increased from 14.30 (Mar 24) to 15.84, marking an increase of 1.54.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 8.97. This value is below the healthy minimum of 20. It has increased from 8.86 (Mar 24) to 8.97, marking an increase of 0.11.
- For Earning Retention Ratio (%), as of Mar 25, the value is 84.16. This value exceeds the healthy maximum of 70. It has decreased from 85.70 (Mar 24) to 84.16, marking a decrease of 1.54.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 91.03. This value exceeds the healthy maximum of 70. It has decreased from 91.14 (Mar 24) to 91.03, marking a decrease of 0.11.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 5.33. This value is within the healthy range. It has decreased from 7.40 (Mar 24) to 5.33, marking a decrease of 2.07.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.04. This value is within the healthy range. It has decreased from 4.16 (Mar 24) to 3.04, marking a decrease of 1.12.
- For Enterprise Value (Cr.), as of Mar 25, the value is 2,476.58. It has decreased from 2,705.02 (Mar 24) to 2,476.58, marking a decrease of 228.44.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.62. This value is within the healthy range. It has decreased from 1.73 (Mar 24) to 1.62, marking a decrease of 0.11.
- For EV / EBITDA (X), as of Mar 25, the value is 7.77. This value is within the healthy range. It has decreased from 8.63 (Mar 24) to 7.77, marking a decrease of 0.86.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.08. This value is within the healthy range. It has decreased from 1.35 (Mar 24) to 1.08, marking a decrease of 0.27.
- For Retention Ratios (%), as of Mar 25, the value is 84.15. This value exceeds the healthy maximum of 70. It has decreased from 85.69 (Mar 24) to 84.15, marking a decrease of 1.54.
- For Price / BV (X), as of Mar 25, the value is 1.84. This value is within the healthy range. It has decreased from 2.67 (Mar 24) to 1.84, marking a decrease of 0.83.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.08. This value is within the healthy range. It has decreased from 1.35 (Mar 24) to 1.08, marking a decrease of 0.27.
- For EarningsYield, as of Mar 25, the value is 0.07. This value is below the healthy minimum of 5. It has increased from 0.06 (Mar 24) to 0.07, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MM Forgings Ltd (MMFL):
- Net Profit Margin: 7.99%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 14.42% (Industry Average ROCE: 10.77%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 13.67% (Industry Average ROE: 10.71%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 3.04
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.76
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 15.8 (Industry average Stock P/E: 72.13)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 1.18
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 7.99%
Fundamental Analysis of MM Forgings Ltd (MMFL)
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | �SVK Towers�, A25, 8th Floor, Chennai (Madras) Tamil Nadu 600032 | mmforge@mmforgings.com http://www.mmforgings.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. N Srinivasan | Chairman |
| Mr. Vidyashankar Krishnan | Vice Chairman & Mng.Director |
| Mr. K Venkatramanan | Joint Managing Director |
| Mrs. Sumita Vidyashankar | Director |
| Mr. V Vaidyanathan | Director |
| Mr. A Gopalakrishnan | Director |
| Mrs. Kavitha Vijay | Director |
M M Forgings Ltd. Share Price Update | |
|---|---|
| Share Price | Value |
| Today | ₹1,123.90 |
| Previous Day | ₹1,119.70 |
FAQ
What is the intrinsic value of MM Forgings Ltd (MMFL)?
MM Forgings Ltd (MMFL)'s intrinsic value (as of 06 December 2025) is 402.81 which is 14.11% higher the current market price of 353.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,707 Cr. market cap, FY2025-2026 high/low of 575/276, reserves of ₹925 Cr, and liabilities of 2,521 Cr.
What is the Market Cap of MM Forgings Ltd (MMFL)?
The Market Cap of MM Forgings Ltd (MMFL) is 1,707 Cr..
What is the current Stock Price of MM Forgings Ltd (MMFL) as on 06 December 2025?
The current stock price of MM Forgings Ltd (MMFL) as on 06 December 2025 is 353.
What is the High / Low of MM Forgings Ltd (MMFL) stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of MM Forgings Ltd (MMFL) stocks is 575/276.
What is the Stock P/E of MM Forgings Ltd (MMFL)?
The Stock P/E of MM Forgings Ltd (MMFL) is 15.8.
What is the Book Value of MM Forgings Ltd (MMFL)?
The Book Value of MM Forgings Ltd (MMFL) is 202.
What is the Dividend Yield of MM Forgings Ltd (MMFL)?
The Dividend Yield of MM Forgings Ltd (MMFL) is 1.13 %.
What is the ROCE of MM Forgings Ltd (MMFL)?
The ROCE of MM Forgings Ltd (MMFL) is 12.5 %.
What is the ROE of MM Forgings Ltd (MMFL)?
The ROE of MM Forgings Ltd (MMFL) is 15.6 %.
What is the Face Value of MM Forgings Ltd (MMFL)?
The Face Value of MM Forgings Ltd (MMFL) is 10.0.