Share Price and Basic Stock Data
Last Updated: December 26, 2025, 9:32 pm
| PEG Ratio | 4.83 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
MM Forgings Ltd (MMFL), operating in the forgings industry, reported a market capitalization of ₹1,766 Cr and a share price of ₹366. The company’s revenue from operations stood at ₹1,445 Cr for the trailing twelve months (TTM), with a consistent upward trend in sales over recent quarters. Quarterly sales increased from ₹333 Cr in June 2022 to ₹384 Cr by September 2023, before reaching ₹388 Cr in December 2023. The annual sales figures reflect a robust growth trajectory, rising from ₹1,105 Cr in FY 2022 to ₹1,413 Cr in FY 2023, and projected at ₹1,527 Cr for FY 2024. This growth demonstrates MMFL’s effective market positioning and demand for its products, driven by a strong industrial recovery post-pandemic. The company’s operational performance is supported by an operating profit margin (OPM) of 18%, which is competitive within the sector. Overall, MMFL’s revenue growth illustrates its ability to capitalize on market opportunities while maintaining operational efficiency.
Profitability and Efficiency Metrics
MMFL demonstrated solid profitability metrics, with a net profit of ₹108 Cr and a net profit margin of 7.99% for FY 2025. The company’s earnings per share (EPS) recorded ₹25.24, reflecting its capacity to generate shareholder value. The reported return on equity (ROE) stood at 15.6%, while return on capital employed (ROCE) was at 12.5%, indicating effective utilization of equity and capital. Additionally, the interest coverage ratio (ICR) of 5.33x underscores the company’s ability to meet interest obligations comfortably. However, MMFL’s cash conversion cycle (CCC) has extended to 183 days, suggesting challenges in managing working capital, particularly with debtor days increasing to 94. This could signal potential liquidity risks if not addressed. Overall, while MMFL’s profitability remains strong, improving operational efficiency in managing receivables will be crucial for sustaining its financial health.
Balance Sheet Strength and Financial Ratios
MMFL’s balance sheet reflects a total borrowings figure of ₹1,216 Cr against reserves of ₹925 Cr, indicating a debt-to-equity ratio of 1.18x, which is moderately high compared to industry norms. The company’s fixed assets stood at ₹861 Cr, with a current ratio of 1.20x, suggesting a relatively stable liquidity position. However, the long-term debt-to-equity ratio of 0.67x raises concerns about financial leverage. The company has managed to maintain a book value of ₹184.60 per share. The inventory turnover ratio is reported at 4.44x, indicating efficient inventory management, while the asset turnover ratio of 0.70% suggests that MMFL effectively utilizes its assets to generate revenue. Despite the relatively high leverage, the company’s ability to generate profits and manage its assets efficiently provides a cushion against potential financial distress.
Shareholding Pattern and Investor Confidence
MMFL’s shareholding structure reveals a strong promoter holding of 56.33%, suggesting a stable governance framework with significant management control. The presence of institutional investors is limited, with Foreign Institutional Investors (FIIs) holding 1.76% and Domestic Institutional Investors (DIIs) at 8.31%. The public shareholding stands at 33.59%, indicating a diversified ownership base. Over the past few quarters, the number of shareholders has increased significantly, from 15,530 in December 2022 to 35,811 by September 2025. This rise demonstrates growing investor confidence in MMFL’s prospects. However, the declining trend in DII holdings, down from 16.65% in December 2022 to 8.31% by September 2025, could raise concerns regarding institutional support. Overall, the strong promoter stake combined with increasing retail investor participation suggests a positive outlook for the company’s governance and market perception.
Outlook, Risks, and Final Insight
Looking ahead, MMFL’s growth trajectory appears promising, supported by robust revenue growth and profitability metrics. However, the company faces risks, including high leverage, as indicated by its debt-to-equity ratio of 1.18x, and a prolonged cash conversion cycle, which could impact liquidity. Additionally, fluctuations in commodity prices and global economic conditions may pose challenges to maintaining margins. To mitigate these risks, MMFL should focus on improving working capital management and optimizing its debt structure. The company’s strengths, such as a strong promoter holding and effective asset management, position it favorably in the market. Should MMFL successfully address its operational challenges while leveraging its growth opportunities, it may enhance shareholder value and secure a stronger market position in the forgings sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 10,271 Cr. | 1,089 | 1,119/716 | 37.8 | 208 | 0.28 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 27.0 Cr. | 13.3 | 35.8/12.8 | 15.0 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 14,913 Cr. | 393 | 498/357 | 18.6 | 183 | 1.78 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,654 Cr. | 1,539 | 1,750/850 | 65.6 | 139 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 11.4 Cr. | 7.95 | 11.2/7.26 | 27.9 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 9,814.36 Cr | 412.60 | 78.22 | 154.81 | 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: December 15, 2025, 4:58 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 | 1,445 |
| Expenses | 332 | 392 | 394 | 386 | 496 | 731 | 602 | 604 | 903 | 1,154 | 1,239 | 1,183 | 1,174 |
| Operating Profit | 79 | 111 | 108 | 93 | 124 | 173 | 125 | 121 | 202 | 258 | 288 | 294 | 271 |
| OPM % | 19% | 22% | 22% | 19% | 20% | 19% | 17% | 17% | 18% | 18% | 19% | 20% | 19% |
| Other Income | 3 | 2 | 5 | 11 | 12 | 16 | 19 | 22 | 19 | 16 | 26 | 30 | 30 |
| Interest | 8 | 9 | 8 | 10 | 13 | 26 | 33 | 31 | 27 | 30 | 43 | 61 | 70 |
| Depreciation | 36 | 35 | 36 | 39 | 42 | 54 | 53 | 57 | 60 | 69 | 72 | 82 | 88 |
| Profit before tax | 38 | 69 | 69 | 55 | 82 | 109 | 57 | 55 | 133 | 176 | 199 | 180 | 144 |
| 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 | 108 |
| 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 | 22.36 |
| 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
| 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
| 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 | 1,804,178 | 0.24 | 59.01 | N/A | N/A | N/A |
| Tata Small Cap Fund | 1,576,286 | 0.45 | 51.55 | N/A | N/A | N/A |
| ICICI Prudential Smallcap Fund | 74,146 | 0.03 | 2.42 | N/A | N/A | N/A |
| ICICI Prudential Transportation and Logistics Fund | 40,196 | 0.04 | 1.31 | 36,064 | 2025-12-15 02:52:03 | 11.46% |
| Navi ELSS Tax Saver Fund | 11,000 | 0.66 | 0.36 | N/A | N/A | N/A |
| Sundaram Long Term Micro Cap Tax Advantage Fund - Series III | 8,886 | 0.38 | 0.29 | N/A | N/A | N/A |
| Sundaram Long Term Micro Cap Tax Advantage Fund - Series VI | 4,604 | 0.42 | 0.15 | N/A | N/A | N/A |
| Sundaram Long Term Micro Cap Tax Advantage Fund - Series IV | 4,314 | 0.39 | 0.14 | N/A | N/A | N/A |
| Sundaram Long Term Micro Cap Tax Advantage Fund - Series V | 4,242 | 0.45 | 0.14 | N/A | N/A | N/A |
| Sundaram Long Term Tax Advantage Fund - Series III | 4,214 | 0.4 | 0.14 | N/A | N/A | N/A |
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: 16 (Industry average Stock P/E: 78.22)
- 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 | Contact not found |
| 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 December 2025) is 407.87 which is 13.93% higher the current market price of 358.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,724 Cr. market cap, FY2025-2026 high/low of 499/276, 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 1,724 Cr..
What is the current Stock Price of MM Forgings Ltd (MMFL) as on 26 December 2025?
The current stock price of MM Forgings Ltd (MMFL) as on 26 December 2025 is 358.
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 499/276.
What is the Stock P/E of MM Forgings Ltd (MMFL)?
The Stock P/E of MM Forgings Ltd (MMFL) is 16.0.
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 1.12 %.
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.