MM Forgings Ltd (MMFL): Financial Statements & Historical Data

COMPANY FINANCIAL DATA

Reported figures at a glance

Stored figures, not live quotes. Price record: 9 October 2026, 9:06 pm +05:30. Financial reporting periods are shown in the tables below.

Stored share price552₹ per share

Reported P/E20.9Times

Book value per share214₹ per share

Reported ROCE9.47 %%

Data sources and reporting basis

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Different tables can have different reporting dates and accounting bases. Verify the company filings before comparing figures. Missing data is not treated as zero.

How Getaka handles sources, dates and corrections. Page revision dates describe the page, not the age of every financial figure.

Financial changes explained

Automatically calculated historical comparisons. Amounts are in ₹ crore unless stated otherwise. These summaries describe reported figures and do not rate or recommend the shares.

Reporting coverage: Quarterly: Jun 2026 · Annual: Mar 2026 · Cash flow: Mar 2026 · Balance sheet: Mar 2026.

Quarterly revenue change

Quarterly revenue was ₹420.00 crore in Jun 2026, compared with ₹349.00 crore in Jun 2025. The change was an increase of ₹71.00 crore. Year-on-year change: +20.3%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: standalone. Period: 2025-06 to 2026-06.

View the financial table · Data source

Quarterly net result change

Quarterly net result was ₹35.00 crore in Jun 2026, compared with ₹22.00 crore in Jun 2025. The change was an increase of ₹13.00 crore. Year-on-year change: +59.1%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: standalone. Period: 2025-06 to 2026-06.

View the financial table · Data source

Annual revenue change

Annual revenue was ₹1,545.00 crore in Mar 2026, compared with ₹1,477.00 crore in Mar 2025. The change was an increase of ₹68.00 crore. Year-on-year change: +4.6%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: standalone. Period: 2025-03 to 2026-03.

View the financial table · Data source

Annual net result change

Annual net result was ₹114.00 crore in Mar 2026, compared with ₹136.00 crore in Mar 2025. The change was a decrease of ₹22.00 crore. Year-on-year change: -16.2%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: standalone. Period: 2025-03 to 2026-03.

View the financial table · Data source

Quarterly net profit margin

Calculated net profit margin moved from 6.30% in Jun 2025 to 8.33% in Jun 2026: 2.03 percentage points higher.

Calculation and source

Margin = net profit ÷ revenue × 100. Margin change is measured in percentage points; rounded source figures can affect the result.

Basis: standalone. Period: 2025-06 to 2026-06.

View the financial table · Data source

Eight-quarter revenue comparison

Revenue across the four quarters ending Jun 2026 totalled ₹1,616.00 crore, compared with ₹1,457.00 crore across the preceding four quarters. The change was 10.9%.

Calculation and source

Sum four consecutive quarters and compare with the preceding four non-overlapping quarters. All eight observations must exist.

Basis: standalone. Period: 2024-09 to 2026-06.

View the financial table · Data source

Profit and operating cash flow

For Mar 2026, operating cash flow was ₹240.00 crore and net profit was ₹114.00 crore. Operating cash flow ÷ net profit was 2.11 times.

Calculation and source

These are different accounting measures. The ratio, when shown, uses the same reporting period and accounting basis; it is not an earnings-quality rating.

Basis: standalone. Period: 2026-03.

View the financial table · Data source

Net profit history

Net profit was positive in 5 of 5 available annual observations in the five-year window ending Mar 2026.

Calculation and source

Count observations greater than zero. Missing years are excluded from both counts. Zero is not counted as positive.

Basis: standalone. Period: 2022-03 to 2026-03.

View the financial table · Data source

Operating cash flow history

Operating cash flow was positive in 5 of 5 available annual observations in the five-year window ending Mar 2026.

Calculation and source

Count observations greater than zero. Missing years are excluded from both counts. Zero is not counted as positive.

Basis: standalone. Period: 2022-03 to 2026-03.

View the financial table · Data source

Reported borrowings change

Reported borrowings was ₹1,235.00 crore in Mar 2026, compared with ₹1,184.00 crore in Mar 2025. The change was an increase of ₹51.00 crore. Year-on-year change: +4.3%.

Calculation and source

Absolute change = later amount − earlier amount. Percentage change = (later ÷ earlier − 1) × 100.

Basis: standalone. Period: 2025-03 to 2026-03.

View the financial table · Data source

Promoters ownership share

Reported Promoters ownership moved from 56.33% in Mar 2026 to 56.33% in Jun 2026, a change of 0.00 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

FIIs ownership share

Reported FIIs ownership moved from 1.85% in Mar 2026 to 2.44% in Jun 2026, a change of +0.59 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

DIIs ownership share

Reported DIIs ownership moved from 8.38% in Mar 2026 to 7.49% in Jun 2026, a change of -0.89 percentage points.

Calculation and source

Later ownership percentage − earlier percentage. Ownership proportions do not establish purchases or sales; changes in share capital can also affect them.

Basis: Issuer ownership; separately refreshed. Period: 2026-03 to 2026-06.

View the financial table · Data source

Summary generated: 12 Oct 2026, 03:44 IST. Figures may be rounded, delayed or restated. Comparisons follow the source’s annual and quarterly classifications; changes in reporting duration or accounting policies can limit comparability. Check original filings. No cause for a change is inferred from arithmetic alone.

Stored market and accounting figures

Price record: 9 October 2026, 9:06 pm +05:30. Not a live quote.

Measure	Stored figure
Market Cap	2,657 Cr.
Current Price	552
High / Low	690/276
Stock P/E	20.9
Book Value	214
Dividend Yield	0.72 %
ROCE	9.47 %
ROE	11.5 %
Face Value	10.0

Market cap is in ₹ crore; prices and per-share values are in ₹. P/E is a multiple; yield, ROCE and ROE are percentages. Book value is an accounting figure, not an estimate of the share's investment value.

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MM Forgings Ltd (MMFL)	2,657 Cr.	552	690/276	20.9	214	0.72 %	9.47 %	11.5 %	10.0
Amic Forging Ltd	2,729 Cr.	2,363	2,605/1,065	89.5	198	0.00 %	25.2 %	18.1 %	10.0
Tirupati Forge Ltd	920 Cr.	70.8	83.9/30.1	151	10.5	0.00 %	7.53 %	5.24 %	2.00
Kalyani Forge Ltd	309 Cr.	861	1,193/504	25.0	263	0.46 %	12.2 %	10.1 %	10.0
LGB Forge Ltd	115 Cr.	4.83	11.8/4.62		0.68	0.00 %	2.12 %	12.7 %	1.00
Industry Average	9,380.75 Cr	586.25		83.68	163.63	0.26%	9.42%	9.09%	6.13

All Competitor Stocks of MM Forgings Ltd (MMFL)

FINANCIALS

Quarterly performance

Compare sales, expenses, operating profit and net profit on one chart, across the same reporting quarters.

Sales, expenses & profits

₹ crore

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Quarterly Chart Table

Metric	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	366	384	388	389	369	389	364	355	349	378	405	413	420
Expenses	303	312	313	313	297	313	291	282	286	315	334	335	345
Operating Profit	63	72	75	75	72	77	73	72	63	63	72	78	75
OPM %	17%	19%	19%	19%	19%	20%	20%	20%	18%	17%	18%	19%	18%
Other Income	6	5	7	7	7	8	6	8	9	7	5	4	7
Interest	10	9	11	13	15	16	15	15	18	21	20	18	16
Depreciation	18	18	19	18	19	20	20	23	22	22	22	25	30
Profit before tax	41	51	53	52	44	49	44	43	31	26	34	39	36
Tax %	27%	28%	29%	26%	27%	27%	27%	16%	28%	32%	25%	-24%	2%
Net Profit	30	37	37	38	32	36	32	36	22	18	26	48	35
EPS in Rs	6.21	7.58	7.71	7.88	6.71	7.44	6.57	7.50	4.63	3.67	5.33	9.96	7.33

Last Updated: September 29, 2026, 6:58 pm

FINANCIALS

Annual performance

Compare sales, expenses, operating profit and net profit across financial years. Trailing figures remain in the table.

Sales, expenses & profits

₹ crore

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Earnings per share

₹ per share

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Profit & Loss Chart Table

Last Updated: October 12, 2026, 3:44 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	503	502	478	621	904	727	726	1,105	1,413	1,527	1,477	1,545	1,616
Expenses	392	394	386	496	731	602	604	903	1,154	1,239	1,183	1,270	1,328
Operating Profit	111	108	93	124	173	125	121	202	258	288	294	275	288
OPM %	22%	22%	19%	20%	19%	17%	17%	18%	18%	19%	20%	18%	18%
Other Income	2	5	11	12	16	19	22	19	16	26	30	25	23
Interest	9	8	10	13	26	33	31	27	30	43	61	78	76
Depreciation	35	36	39	42	54	53	57	60	69	72	82	92	99
Profit before tax	69	69	55	82	109	57	55	133	176	199	180	130	135
Tax %	26%	28%	21%	17%	25%	19%	15%	31%	28%	27%	24%	12%
Net Profit	51	50	43	69	81	46	47	92	126	145	136	114	127
EPS in Rs	10.49	10.39	9.01	14.21	16.84	9.57	9.65	19.00	26.17	30.12	28.23	23.58	26.29
Dividend Payout %	14%	14%	17%	18%	15%	26%	26%	16%	11%	13%	14%	17%

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025	2025-2026
YoY Net Profit Growth (%)	-1.96%	-14.00%	60.47%	17.39%	-43.21%	2.17%	95.74%	36.96%	15.08%	-6.21%	-16.18%
Change in YoY Net Profit Growth (%)	0.00%	-12.04%	74.47%	-43.07%	-60.60%	45.38%	93.57%	-58.79%	-21.88%	-21.29%	-9.97%

MM Forgings Ltd (MMFL) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2015-2016 to 2025-2026.

No data available for the compounded sales growth chart.

FINANCIALS

Balance sheet

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Reserves & borrowings

₹ crore

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Balance Sheet Data Table

Last Updated: September 17, 2026, 6:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	12	12	24	24	24	24	24	24	48	48
Reserves	226	268	303	357	412	444	476	554	666	792	886	983
Borrowings	190	214	224	381	688	566	532	680	756	925	1,184	1,235
Other Liabilities	45	45	51	86	93	105	230	181	227	254	266	282
Total Liabilities	473	538	589	836	1,217	1,140	1,263	1,439	1,673	1,996	2,384	2,549
Fixed Assets	225	262	320	365	588	653	618	650	719	818	861	1,004
CWIP	11	30	14	27	39	9	17	36	61	112	361	299
Investments	0	0	0	4	5	5	5	33	41	41	22	28
Other Assets	237	245	255	440	585	473	623	720	853	1,025	1,140	1,217
Total Assets	473	538	589	836	1,217	1,140	1,263	1,439	1,673	1,996	2,384	2,549

FINANCIALS

Cash generation

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Operating & free cash flow

₹ crore

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Cash Flows

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	106	123	107	-14	33	273	10	147	116	145	189	240
Cash from Investing Activity +	-63	-86	-69	-93	-275	-71	-12	-126	-160	-201	-330	-157
Cash from Financing Activity +	21	-5	-25	137	249	-199	14	17	21	63	149	-77
Net Cash Flow	64	32	13	30	8	2	13	38	-23	6	8	6
Free Cash Flow	40	31	27	-114	-257	185	-20	36	-40	-76	-185	69
CFO/OP	111%	130%	130%	4%	33%	226%	13%	86%	61%	61%	84%	93%

Free cash flowAll reported figures · use a chart icon for peer comparison

Free Cash Flow Table

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	40.00	31.00	27.00	-114.00	-257.00	185.00	-20.00	36.00	-40.00	-76.00	-185.00	69.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Financial efficiency feed. Source: www.screener.in. Check the source for the accounting basis. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Financial & business efficiency

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Working capital

Days

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Returns on capital & equity

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Financial Efficiency Data Table

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%

FINANCIALS

Ownership trends

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Shareholding comparison

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Shareholder count

Shareholders

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Supporting financial tableAll reported figures · use a chart icon for peer comparison

Shareholding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%
FIIs	1.72%	1.93%	2.28%	2.85%	3.41%	3.75%	3.09%	1.79%	1.76%	1.74%	1.85%	2.44%
DIIs	15.66%	14.47%	11.83%	10.72%	10.50%	9.85%	8.92%	8.33%	8.31%	8.55%	8.38%	7.49%
Public	26.29%	27.27%	29.56%	30.10%	29.75%	30.06%	31.65%	33.54%	33.59%	33.38%	33.44%	33.73%
No. of Shareholders	16,570	18,429	22,529	27,478	34,494	33,878	34,349	35,742	35,811	34,244	30,828	29,930

Mutual fund holdingsReported fund ownership · Expand table

Mutual Fund Holdings Data Table

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Hybrid Equity Fund	1,804,178	0.31	73.84	N/A	N/A	N/A
Tata Small Cap Fund	1,576,286	0.6	64.51	N/A	N/A	N/A
ICICI Prudential Transportation and Logistics Fund	78,842	0.11	3.23	40,196	2026-01-25 07:48:13	96.14%
ICICI Prudential Smallcap Fund	70,000	0.04	2.86	78,357	2026-02-23 06:17:53	-10.67%

Alternate ratio feed. Source: www.way2wealth.com. The accounting basis and ratio definitions require verification against the source. Values from separate feeds can differ, even for the same period; they are not interchangeable. Use each table’s period labels. Data methodology.

FINANCIALS

Ratios from the alternate data feed

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Profitability ratios

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Liquidity ratios

Multiple (×)

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Distributions & retention

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Interest coverage

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Valuation multiples

Multiple (×)

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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