Share Price and Basic Stock Data
Last Updated: October 26, 2025, 9:17 am
| PEG Ratio | 1.81 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
MM Forgings Ltd (MMFL) operates in the forgings industry, demonstrating a robust revenue trajectory. For the fiscal year ending March 2023, the company reported sales of ₹1,413 Cr, reflecting a 28% increase from ₹1,105 Cr in the previous year. This growth continued into FY 2024, with sales rising to ₹1,527 Cr. However, preliminary figures for FY 2025 show a slight decline to ₹1,477 Cr, with a trailing twelve-month (TTM) revenue of ₹1,457 Cr. Quarterly sales figures also illustrate a steady performance, with Q2 FY 2024 sales at ₹388 Cr, marking an increase from ₹384 Cr in Q3 FY 2023. This consistency in revenue generation indicates MMFL’s solid market position, albeit with some fluctuations in the latest fiscal year. The company’s operational efficiency is evident as it maintains a significant market capitalization of ₹1,452 Cr, with a price-to-earnings (P/E) ratio of 11.5, suggesting reasonable valuation compared to industry standards.
Profitability and Efficiency Metrics
MMFL reported a net profit of ₹136 Cr for FY 2025, which represents a marginal decline from ₹145 Cr in FY 2024. The operating profit margin (OPM) stood at 20% for the fiscal year, reflecting a steady improvement from 18% in FY 2023. Quarterly results for Jun 2025 show an OPM of 18%, consistent with the company’s performance in the previous fiscal year. Profit before tax for FY 2025 was ₹180 Cr, slightly lower than ₹199 Cr in FY 2024. The company’s return on equity (ROE) was recorded at 15.6%, while return on capital employed (ROCE) stood at 12.5%, both indicating effective utilization of capital. MMFL’s interest coverage ratio (ICR) of 5.33x signifies robust financial health, enabling it to comfortably manage interest obligations. However, the cash conversion cycle (CCC) has expanded to 183 days, reflecting potential inefficiencies in working capital management, particularly in inventory and receivables management.
Balance Sheet Strength and Financial Ratios
As of March 2025, MMFL’s balance sheet reveals a total asset base of ₹2,384 Cr, supported by reserves of ₹885 Cr. The company’s borrowing stood at ₹1,184 Cr, which, coupled with a total debt-to-equity ratio of 1.18, indicates a moderate level of financial leverage. The equity capital has increased to ₹48 Cr, reflecting a strong capital base. The book value per share was reported at ₹184.60, indicating a solid foundation for shareholders. Efficiency ratios show that the inventory turnover ratio improved to 4.44x, suggesting effective inventory management compared to prior years. However, the current ratio of 1.20, while above 1, indicates a potential liquidity concern, as it is lower than the desired threshold typical for the sector. The interest coverage ratio of 5.33x provides comfort, but the rising debt levels necessitate careful monitoring to sustain financial stability.
Shareholding Pattern and Investor Confidence
The shareholding pattern of MMFL as of March 2025 reflects a stable promoter holding of 56.33%, which is a positive indicator of management confidence in the company’s future. Foreign institutional investors (FIIs) hold 3.09%, while domestic institutional investors (DIIs) account for 8.92%. The public shareholding has increased to 31.65%, reflecting growing retail investor interest. The total number of shareholders rose to 34,349, indicating enhanced investor engagement. However, the slight decline in FII holdings from 3.41% in September 2024 to 3.09% may signal cautious sentiment among foreign investors. The dividend payout ratio for FY 2025 was recorded at 15.84%, which, while indicative of returning cash to shareholders, remains lower than in previous years, suggesting a conservative approach towards retaining earnings for reinvestment.
Outlook, Risks, and Final Insight
Looking ahead, MMFL’s growth prospects are tempered by both strengths and risks. The company’s consistent revenue generation and robust profitability metrics suggest a solid operational foundation. However, challenges such as rising debt levels and an expanding cash conversion cycle could hinder financial flexibility. Market volatility and potential supply chain disruptions pose additional risks. Should the company effectively manage its working capital and leverage its market position, it may sustain its profitability. Conversely, failure to address these operational inefficiencies could lead to adverse financial implications. As MMFL navigates these dynamics, its ability to adapt and optimize operations will be crucial in maintaining investor confidence and achieving long-term growth.
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 | 9,431 Cr. | 1,000 | 1,191/716 | 35.0 | 196 | 0.30 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 37.0 Cr. | 18.2 | 44.4/17.5 | 16.6 | 12.2 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 16,113 Cr. | 425 | 521/357 | 20.1 | 183 | 1.65 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,731 Cr. | 1,490 | 1,750/850 | 84.0 | 110 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 13.1 Cr. | 9.10 | 15.5/7.26 | 25.7 | 9.12 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,113.80 Cr | 401.25 | 108.44 | 151.84 | 0.32% | 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: July 25, 2025, 2:45 pm
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 48 |
| Reserves | 184 | 226 | 268 | 303 | 357 | 412 | 444 | 476 | 554 | 666 | 792 | 885 |
| Borrowings | 151 | 190 | 214 | 224 | 381 | 688 | 566 | 532 | 680 | 756 | 925 | 1,184 |
| Other Liabilities | 31 | 45 | 45 | 51 | 86 | 93 | 105 | 230 | 181 | 227 | 254 | 266 |
| Total Liabilities | 378 | 473 | 538 | 589 | 836 | 1,217 | 1,140 | 1,263 | 1,439 | 1,673 | 1,996 | 2,384 |
| Fixed Assets | 200 | 225 | 262 | 320 | 365 | 588 | 653 | 618 | 650 | 719 | 818 | 861 |
| CWIP | 7 | 11 | 30 | 14 | 27 | 39 | 9 | 17 | 36 | 61 | 112 | 361 |
| Investments | 0 | 0 | 0 | 0 | 4 | 5 | 5 | 5 | 33 | 41 | 41 | 22 |
| Other Assets | 171 | 237 | 245 | 255 | 440 | 585 | 473 | 623 | 720 | 853 | 1,025 | 1,139 |
| Total Assets | 378 | 473 | 538 | 589 | 836 | 1,217 | 1,140 | 1,263 | 1,439 | 1,673 | 1,996 | 2,384 |
Below is a detailed analysis of the balance sheet data for MM Forgings Ltd (MMFL) based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 48.00 Cr.. The value appears strong and on an upward trend. It has increased from 24.00 Cr. (Mar 2024) to 48.00 Cr., marking an increase of 24.00 Cr..
- For Reserves, as of Mar 2025, the value is 885.00 Cr.. The value appears strong and on an upward trend. It has increased from 792.00 Cr. (Mar 2024) to 885.00 Cr., marking an increase of 93.00 Cr..
- For Borrowings, as of Mar 2025, the value is 1,184.00 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 925.00 Cr. (Mar 2024) to 1,184.00 Cr., marking an increase of 259.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 266.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 254.00 Cr. (Mar 2024) to 266.00 Cr., marking an increase of 12.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 2,384.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,996.00 Cr. (Mar 2024) to 2,384.00 Cr., marking an increase of 388.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 861.00 Cr.. The value appears strong and on an upward trend. It has increased from 818.00 Cr. (Mar 2024) to 861.00 Cr., marking an increase of 43.00 Cr..
- For CWIP, as of Mar 2025, the value is 361.00 Cr.. The value appears strong and on an upward trend. It has increased from 112.00 Cr. (Mar 2024) to 361.00 Cr., marking an increase of 249.00 Cr..
- For Investments, as of Mar 2025, the value is 22.00 Cr.. The value appears to be declining and may need further review. It has decreased from 41.00 Cr. (Mar 2024) to 22.00 Cr., marking a decrease of 19.00 Cr..
- For Other Assets, as of Mar 2025, the value is 1,139.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,025.00 Cr. (Mar 2024) to 1,139.00 Cr., marking an increase of 114.00 Cr..
- For Total Assets, as of Mar 2025, the value is 2,384.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,996.00 Cr. (Mar 2024) to 2,384.00 Cr., marking an increase of 388.00 Cr..
However, the Borrowings (1,184.00 Cr.) are higher than the Reserves (885.00 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: 11.9 (Industry average Stock P/E: 108.44)
- 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%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | �SVK Towers�, A25, 8th Floor, Industrial Estate, Chennai (Madras) Tamil Nadu 600032 | mmforge@mmforgings.com http://www.mmforgings.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Vidyashankar Krishnan | Chairman & Managing Director |
| Mr. K Venkatramanan | Joint Managing Director |
| Mrs. Sumita Vidyashankar | Non Executive Director |
| Mr. Ramnath Nagarajan | Director - Commercial |
| Mr. Krishnakumar Raman | Director - Operations |
| Mrs. Rama Sivaraman | Independent Director |
| Mr. Shankar Athreya | Independent Director |
| Mr. S Krishnakumar | Independent Director |
| Mr. R Subramanian | Independent Director |
| Mr. Hari Sankaran | Independent Director |
FAQ
What is the intrinsic value of MM Forgings Ltd (MMFL)?
MM Forgings Ltd (MMFL)'s intrinsic value (as of 26 October 2025) is 290.33 which is 6.65% lower the current market price of 311.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,500 Cr. market cap, FY2025-2026 high/low of 583/276, reserves of ₹885 Cr, and liabilities of 2,384 Cr.
What is the Market Cap of MM Forgings Ltd (MMFL)?
The Market Cap of MM Forgings Ltd (MMFL) is 1,500 Cr..
What is the current Stock Price of MM Forgings Ltd (MMFL) as on 26 October 2025?
The current stock price of MM Forgings Ltd (MMFL) as on 26 October 2025 is 311.
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 583/276.
What is the Stock P/E of MM Forgings Ltd (MMFL)?
The Stock P/E of MM Forgings Ltd (MMFL) is 11.9.
What is the Book Value of MM Forgings Ltd (MMFL)?
The Book Value of MM Forgings Ltd (MMFL) is 193.
What is the Dividend Yield of MM Forgings Ltd (MMFL)?
The Dividend Yield of MM Forgings Ltd (MMFL) is 1.29 %.
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.