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Last Updated on: 05 September, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 522241 | NSE: MMFL

MM Forgings Ltd (MMFL): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: September 5, 2025, 4:49 pm

Market Cap 1,536 Cr.
Current Price 318
High / Low 610/295
Stock P/E12.2
Book Value 193
Dividend Yield1.26 %
ROCE12.5 %
ROE15.6 %
Face Value 10.0
PEG Ratio0.51

Quick Insight

MM Forgings Ltd (MMFL) currently trades at a price of 322 with a market capitalization of 1,557 Cr. The company's P/E ratio stands at 12.3, indicating a reasonable valuation, while ROE and ROCE are at 15.6% and 12.5% respectively, reflecting decent profitability. With an OPM of 18% and a net profit of 136 Cr, MMFL shows operational efficiency. However, concerns arise from its high borrowings of ₹1,184 Cr compared to reserves of 885 Cr, leading to a P/BV of 2.67x and an ICR of 7.40x. Investors should monitor the company's ability to manage its debt levels effectively to ensure sustainable growth and profitability in the long term.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for MM Forgings Ltd (MMFL)

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 8,432 Cr. 894 1,251/71631.3 1960.34 %19.2 %15.5 % 2.00
EL Forge Ltd 40.6 Cr. 20.0 44.4/18.018.2 12.20.00 %11.2 %9.14 % 10.0
CIE Automotive India Ltd 14,915 Cr. 394 599/35719.0 1831.78 %16.6 %13.2 % 10.0
Amforge Industries Ltd 13.4 Cr. 9.33 15.5/7.2626.3 9.120.00 %6.53 %3.72 % 2.00
Tirupati Forge Ltd 478 Cr. 40.1 72.9/28.271.8 9.050.00 %12.4 %10.0 % 2.00
Industry Average10,098.22 Cr301.8780.94154.820.36%9.45%9.86%5.86

All Competitor Stocks of MM Forgings Ltd (MMFL)

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 333342361373366384388389369389364355349
Expenses 273280295309303312313313297313291282286
Operating Profit 60626664637275757277737263
OPM % 18%18%18%17%17%19%19%19%19%20%20%20%18%
Other Income 1565657778689
Interest 678710911131516151518
Depreciation 15171718181819181920202322
Profit before tax 39424744415153524449444331
Tax % 24%25%28%36%27%28%29%26%27%27%27%16%28%
Net Profit 30323428303737383236323622
EPS in Rs 6.126.607.015.876.217.587.717.886.717.446.567.504.63

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.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 22, 2025, 3:22 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 4115035024786219047277261,1051,4131,5271,477
Expenses 3323923943864967316026049031,1541,2391,183
Operating Profit 7911110893124173125121202258288294
OPM % 19%22%22%19%20%19%17%17%18%18%19%20%
Other Income 325111216192219162630
Interest 898101326333127304361
Depreciation 363536394254535760697282
Profit before tax 38696955821095755133176199180
Tax % 24%26%28%21%17%25%19%15%31%28%27%24%
Net Profit 295150436981464792126145136
EPS in Rs 6.0810.4910.399.0114.2116.849.579.6519.0026.1730.1228.23
Dividend Payout % 16%14%14%17%18%15%26%26%16%11%13%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 121212121224242424242448
Reserves 184226268303357412444476554666792885
Borrowings 1511902142243816885665326807569251,184
Other Liabilities 314545518693105230181227254266
Total Liabilities 3784735385898361,2171,1401,2631,4391,6731,9962,384
Fixed Assets 200225262320365588653618650719818861
CWIP 711301427399173661112361
Investments 0000455533414122
Other Assets 1712372452554405854736237208531,0251,139
Total Assets 3784735385898361,2171,1401,2631,4391,6731,9962,384

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.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +35106123107-143327310147116145191
Cash from Investing Activity +-40-63-86-69-93-275-71-12-126-160-201-330
Cash from Financing Activity +621-5-25137249-19914172163147
Net Cash Flow164321330821338-2368

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-72.00-79.00-106.00-131.00-257.00-515.00-441.00-411.00-478.00-498.00-637.00293.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days26211113333266155597694
Inventory Days158139128119177167143177139157165182
Days Payable3248525287437810383878393
Cash Conversion Cycle151111878012315771135112129157183
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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters56.33%56.33%56.33%56.33%56.33%56.33%56.33%56.33%56.33%56.33%56.33%56.33%
FIIs0.91%1.16%1.65%1.64%1.72%1.93%2.28%2.85%3.41%3.75%3.09%1.79%
DIIs16.32%16.65%17.02%16.59%15.66%14.47%11.83%10.72%10.50%9.85%8.92%8.33%
Public26.44%25.85%25.00%25.44%26.29%27.27%29.56%30.10%29.75%30.06%31.65%33.54%
No. of Shareholders15,39815,53014,77515,84416,57018,42922,52927,47834,49433,87834,34935,742

Shareholding Pattern Chart

No. of Shareholders

MM Forgings Ltd (MMFL): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Hybrid Equity Fund - Regular Plan 1,214,000 0.29 72.521,214,0002025-04-22 05:57:460%
Sundaram Small Cap Fund 286,238 0.5 17.1286,2382025-04-22 15:56:550%
Navi Flexi Cap Fund 50,000 1.08 2.9950,0002025-04-22 15:56:550%
Navi Aggressive Hybrid Fund 17,400 0.94 1.0417,4002025-04-22 17:25:260%
Navi ELSS Tax Saver Fund - Regular Plan 11,000 0.98 0.6611,0002025-04-22 17:25:260%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 55.9453.0037.6919.3517.28
Diluted EPS (Rs.) 55.9453.0037.6919.3517.28
Cash EPS (Rs.) 90.2485.6465.7645.5941.95
Book Value[Excl.RevalReserv]/Share (Rs.) 326.87278.93231.79201.80188.48
Book Value[Incl.RevalReserv]/Share (Rs.) 326.87278.93231.79201.80188.48
Revenue From Operations / Share (Rs.) 647.48605.56472.08324.18318.62
PBDIT / Share (Rs.) 129.79118.0192.3261.7362.44
PBIT / Share (Rs.) 95.4885.3664.2535.4837.77
PBT / Share (Rs.) 78.4973.3053.3821.6121.91
Net Profit / Share (Rs.) 55.9453.0037.6919.3517.28
NP After MI And SOA / Share (Rs.) 55.9453.0037.6919.3517.28
PBDIT Margin (%) 20.0419.4819.5519.0419.59
PBIT Margin (%) 14.7414.0913.6110.9411.85
PBT Margin (%) 12.1212.1011.306.666.87
Net Profit Margin (%) 8.638.757.985.965.42
NP After MI And SOA Margin (%) 8.638.757.985.965.42
Return on Networth / Equity (%) 17.1219.0116.269.589.16
Return on Capital Employeed (%) 18.8119.7916.4610.5011.08
Return On Assets (%) 6.867.706.433.683.67
Long Term Debt / Equity (X) 0.490.490.620.610.73
Total Debt / Equity (X) 1.030.971.071.091.08
Asset Turnover Ratio (%) 0.860.950.810.600.61
Current Ratio (X) 1.171.191.311.171.14
Quick Ratio (X) 0.700.700.870.770.71
Inventory Turnover Ratio (X) 2.392.922.812.191.97
Dividend Payout Ratio (NP) (%) 14.3011.3215.9125.8433.99
Dividend Payout Ratio (CP) (%) 8.867.009.1210.9614.00
Earning Retention Ratio (%) 85.7088.6884.0974.1666.01
Cash Earning Retention Ratio (%) 91.1493.0090.8889.0486.00
Interest Coverage Ratio (X) 7.409.648.044.233.94
Interest Coverage Ratio (Post Tax) (X) 4.165.314.232.282.09
Enterprise Value (Cr.) 2705.022447.162413.961539.81716.41
EV / Net Operating Revenue (X) 1.731.672.121.970.93
EV / EBITDA (X) 8.638.5910.8310.334.75
MarketCap / Net Operating Revenue (X) 1.351.381.791.530.52
Retention Ratios (%) 85.6988.6784.0874.1566.00
Price / BV (X) 2.672.993.652.450.88
Price / Net Operating Revenue (X) 1.351.381.791.530.52
EarningsYield 0.060.060.040.030.10

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 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 55.94. This value is within the healthy range. It has increased from 53.00 (Mar 23) to 55.94, marking an increase of 2.94.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 55.94. This value is within the healthy range. It has increased from 53.00 (Mar 23) to 55.94, marking an increase of 2.94.
  • For Cash EPS (Rs.), as of Mar 24, the value is 90.24. This value is within the healthy range. It has increased from 85.64 (Mar 23) to 90.24, marking an increase of 4.60.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 326.87. It has increased from 278.93 (Mar 23) to 326.87, marking an increase of 47.94.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 326.87. It has increased from 278.93 (Mar 23) to 326.87, marking an increase of 47.94.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 647.48. It has increased from 605.56 (Mar 23) to 647.48, marking an increase of 41.92.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 129.79. This value is within the healthy range. It has increased from 118.01 (Mar 23) to 129.79, marking an increase of 11.78.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 95.48. This value is within the healthy range. It has increased from 85.36 (Mar 23) to 95.48, marking an increase of 10.12.
  • For PBT / Share (Rs.), as of Mar 24, the value is 78.49. This value is within the healthy range. It has increased from 73.30 (Mar 23) to 78.49, marking an increase of 5.19.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 55.94. This value is within the healthy range. It has increased from 53.00 (Mar 23) to 55.94, marking an increase of 2.94.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 55.94. This value is within the healthy range. It has increased from 53.00 (Mar 23) to 55.94, marking an increase of 2.94.
  • For PBDIT Margin (%), as of Mar 24, the value is 20.04. This value is within the healthy range. It has increased from 19.48 (Mar 23) to 20.04, marking an increase of 0.56.
  • For PBIT Margin (%), as of Mar 24, the value is 14.74. This value is within the healthy range. It has increased from 14.09 (Mar 23) to 14.74, marking an increase of 0.65.
  • For PBT Margin (%), as of Mar 24, the value is 12.12. This value is within the healthy range. It has increased from 12.10 (Mar 23) to 12.12, marking an increase of 0.02.
  • For Net Profit Margin (%), as of Mar 24, the value is 8.63. This value is within the healthy range. It has decreased from 8.75 (Mar 23) to 8.63, marking a decrease of 0.12.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 8.63. This value is within the healthy range. It has decreased from 8.75 (Mar 23) to 8.63, marking a decrease of 0.12.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 17.12. This value is within the healthy range. It has decreased from 19.01 (Mar 23) to 17.12, marking a decrease of 1.89.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 18.81. This value is within the healthy range. It has decreased from 19.79 (Mar 23) to 18.81, marking a decrease of 0.98.
  • For Return On Assets (%), as of Mar 24, the value is 6.86. This value is within the healthy range. It has decreased from 7.70 (Mar 23) to 6.86, marking a decrease of 0.84.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.49. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.49.
  • For Total Debt / Equity (X), as of Mar 24, the value is 1.03. This value exceeds the healthy maximum of 1. It has increased from 0.97 (Mar 23) to 1.03, marking an increase of 0.06.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 0.86. It has decreased from 0.95 (Mar 23) to 0.86, marking a decrease of 0.09.
  • For Current Ratio (X), as of Mar 24, the value is 1.17. This value is below the healthy minimum of 1.5. It has decreased from 1.19 (Mar 23) to 1.17, marking a decrease of 0.02.
  • For Quick Ratio (X), as of Mar 24, the value is 0.70. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 23) which recorded 0.70.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.39. This value is below the healthy minimum of 4. It has decreased from 2.92 (Mar 23) to 2.39, marking a decrease of 0.53.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 14.30. This value is below the healthy minimum of 20. It has increased from 11.32 (Mar 23) to 14.30, marking an increase of 2.98.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 8.86. This value is below the healthy minimum of 20. It has increased from 7.00 (Mar 23) to 8.86, marking an increase of 1.86.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 85.70. This value exceeds the healthy maximum of 70. It has decreased from 88.68 (Mar 23) to 85.70, marking a decrease of 2.98.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 91.14. This value exceeds the healthy maximum of 70. It has decreased from 93.00 (Mar 23) to 91.14, marking a decrease of 1.86.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 7.40. This value is within the healthy range. It has decreased from 9.64 (Mar 23) to 7.40, marking a decrease of 2.24.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.16. This value is within the healthy range. It has decreased from 5.31 (Mar 23) to 4.16, marking a decrease of 1.15.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 2,705.02. It has increased from 2,447.16 (Mar 23) to 2,705.02, marking an increase of 257.86.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.73. This value is within the healthy range. It has increased from 1.67 (Mar 23) to 1.73, marking an increase of 0.06.
  • For EV / EBITDA (X), as of Mar 24, the value is 8.63. This value is within the healthy range. It has increased from 8.59 (Mar 23) to 8.63, marking an increase of 0.04.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.35. This value is within the healthy range. It has decreased from 1.38 (Mar 23) to 1.35, marking a decrease of 0.03.
  • For Retention Ratios (%), as of Mar 24, the value is 85.69. This value exceeds the healthy maximum of 70. It has decreased from 88.67 (Mar 23) to 85.69, marking a decrease of 2.98.
  • For Price / BV (X), as of Mar 24, the value is 2.67. This value is within the healthy range. It has decreased from 2.99 (Mar 23) to 2.67, marking a decrease of 0.32.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.35. This value is within the healthy range. It has decreased from 1.38 (Mar 23) to 1.35, marking a decrease of 0.03.
  • For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.06.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MM Forgings Ltd (MMFL) as of September 5, 2025 is: 297.56

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of September 5, 2025, MM Forgings Ltd (MMFL) is Overvalued by 6.43% compared to the current share price 318.00

Intrinsic Value of MM Forgings Ltd (MMFL) as of September 5, 2025 is: 368.82

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of September 5, 2025, MM Forgings Ltd (MMFL) is Undervalued by 15.98% compared to the current share price 318.00

Last 5 Year EPS CAGR: 23.95%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -28.08, which is a positive sign.
  2. The company has shown consistent growth in sales (406.33 cr) and profit (101.83 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 124.67, which may not be favorable.
  3. The company has higher borrowings (540.92) compared to reserves (463.92), which may suggest financial risk.

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):
    1. Net Profit Margin: 8.63%
      • 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.
    2. ROCE: 18.81% (Industry Average ROCE: 9.45%)
      • 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.
    3. ROE%: 17.12% (Industry Average ROE: 9.86%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.16
      • 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.
    5. Quick Ratio: 0.7
      • 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.
    6. Stock P/E: 12.2 (Industry average Stock P/E: 80.94)
      • 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.
    7. Total Debt / Equity: 1.03
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

M M Forgings Ltd. is a Public Limited Listed company incorporated on 21/02/1946 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L51102TN1946PLC001473 and registration number is 001473. Currently Company is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company's Total Operating Revenue is Rs. 1476.96 Cr. and Equity Capital is Rs. 48.28 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Forgings�SVK Towers�, A25, 8th Floor, Industrial Estate, Chennai (Madras) Tamil Nadu 600032mmforge@mmforgings.com
http://www.mmforgings.com
Management
NamePosition Held
Mr. Vidyashankar KrishnanChairman & Managing Director
Mr. K VenkatramananJoint Managing Director
Mrs. Sumita VidyashankarNon Executive Director
Mr. Ramnath NagarajanDirector - Commercial
Mr. Krishnakumar RamanDirector - Operations
Mrs. Rama SivaramanIndependent Director
Mr. Shankar AthreyaIndependent Director
Mr. S KrishnakumarIndependent Director
Mr. R SubramanianIndependent Director
Mr. Hari SankaranIndependent Director

FAQ

What is the intrinsic value of MM Forgings Ltd (MMFL)?

MM Forgings Ltd (MMFL)'s intrinsic value (as of 05 September 2025) is 297.56 which is 6.43% lower the current market price of 318.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,536 Cr. market cap, FY2025-2026 high/low of 610/295, 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 1,536 Cr..

What is the current Stock Price of MM Forgings Ltd (MMFL) as on 05 September 2025?

The current stock price of MM Forgings Ltd (MMFL) as on 05 September 2025 is 318.

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 610/295.

What is the Stock P/E of MM Forgings Ltd (MMFL)?

The Stock P/E of MM Forgings Ltd (MMFL) is 12.2.

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 1.26 %.

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.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MM Forgings Ltd (MMFL). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE