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MM Forgings

MMFL NSE
₹482.75 8.35 (1.70%)
Market Cap
₹2,331 Cr
P/E
18.36

MM Forgings (MMFL) share price was ₹482.75 at the 28 Oct 2026 close; market capitalisation ₹2,331 Cr; P/E (TTM) 18.36; sector Automobiles. The share price rose 57.6% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue rose 20.3% year on year to ₹420 Cr and net profit rose 58.7% year on year to ₹35.4 Cr (compared with Jun 2025). Promoters held 56.34% of MM Forgings in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 57/100 (Good) as of 28 Oct 2026.

Close 28 Oct 2026 ₹482.75 +176.50 +57.63% 1Y

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary
Market Cap
₹2,331 Cr
P/E (TTM)
18.36
EBITDA
₹296 Cr
Return on Equity
10.11%
Debt to Equity
1.2
Book Value
₹201.99
EPS (TTM)
₹26.29
52W High
₹687.95
52W Low
₹295.20

Price-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM

Peer Comparison

Consumer Discretionary › Automobiles › Auto Components › Auto Components & Equipments

Samvardhana Motherson International
₹160.3338.631,69,219 Cr4.000.38%9.36%11.82%1,30,935 Cr4,556 Cr
Bosch
₹47,625.0059.441,40,475 Cr9.460.59%18.66%24.28%21,880 Cr2,363 Cr
Bharat Forge
₹1,760.00119.1686,006 Cr7.430.48%11.40%15.70%17,749 Cr715 Cr
UNO Minda
₹1,099.9052.8363,526 Cr9.310.24%17.69%20.72%21,003 Cr1,291 Cr
Schaeffler India
₹3,635.6044.0256,826 Cr9.240.95%19.02%25.68%11,315 Cr1,292 Cr
Sona BLW Precision Forgings
₹879.4573.2954,889 Cr8.550.40%10.26%13.26%5,430 Cr746 Cr
Tube Investment
₹2,135.0068.1241,328 Cr5.330.17%7.86%12.81%23,518 Cr1,109 Cr
MM Forgings (this company)
₹482.7518.362,331 Cr2.390.81%10.11%11.90%1,699 Cr127 Cr
Median 8 companies₹1,429.9556.1460,176 Cr7.990.44%10.83%14.48%19,376 Cr1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

As of 2026-10-28
v2.0.0
57 Good
Overall score
Data confidence 100/100

Category scores

Quality Good 64
Returns, margins, earnings quality 22%
Valuation Strong 66
Cheap vs sector & own history 24%
Growth Average 46
Sales & profit trajectory 9%
Financial Health Poor 28
Solvency, leverage, coverage 9%
Momentum Weak 40
Trend strength, vol-adjusted 12%
Ownership Good 57
FII/DII/promoter flows 24%

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Weaknesses

4
  • Stock is trading at 2.63 times its book value
  • Tax rate seems low
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 14.8% of profits over last 3 years

Technical Indicators

Oscillators

BearishNeutralBullish

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

BearishNeutralBullish

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

BearishNeutralBullish

Bearish

Bearish
10
Neutral
0
Bullish
0
Analyst Rating
Based on 3 analysts
BUY SHARE100%

3 of 3 analysts rate Buy, 0 Hold, 0 Sell.

Updated 28 Oct 2026

BUY
3
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

Revenue Growth
3.73% higher than 3Y

change over 1 year

Net Income Growth
-19.89% lower than 3Y

change over 1 year

Cash Flow Change
25.33%

change over 1 year

EBITDA Margin Change
-10.59%

change over 1 year Operating margin 18% · Jun 2026

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹342 Cr +15.8% vs FY26
Reported High Mean Low

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
PBT
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 (₹)
6.21
7.58
7.71
7.88
6.71
7.44
6.57
7.5
4.63
3.67
5.33
9.96
7.33
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
PBT
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 (₹)
10.49
10.39
9.01
14.21
16.84
9.57
9.65
19
26.17
30.12
28.23
23.58
26.29
Div. Payout %
14%
14%
17%
18%
15%
26%
26%
16%
11%
13%
14%
17%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
106
123
107
-14
33
273
10
147
116
145
189
240
Investing
-63
-86
-69
-93
-275
-71
-12
-126
-160
-201
-330
-157
Financing
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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
21
11
13
33
32
6
61
55
59
76
95
100
Inventory Days
139
128
119
177
167
143
177
139
157
165
182
163
Days Payable
48
52
52
87
43
78
103
83
87
83
93
100
Cash Conversion Cycle
111
87
80
123
157
71
135
112
129
157
183
163
Working Capital Days
-8
-22
-32
-41
-16
-69
-57
-28
-21
-19
-15
-25
ROCE %
20%
17%
13%
15%
14%
8%
8%
14%
15%
15%
12%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view MM Forgings insights

66 extracted metrics + investor summaries across FY12–FY27.

Shareholding Pattern

FIIs3.11%Promot.56.34%Others6.75%DIIs7.41%Public26.39%As ofSep 2026

Documents

Frequently Asked Questions about MM Forgings

What does M M Forgings Ltd do?
M M Forgings Limited is engaged in the business of manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels. [1]
Where is M M Forgings Ltd (MMFL) listed?
M M Forgings Ltd trades as MMFL on the NSE and under code 522241 on the BSE.
Which sector does M M Forgings Ltd belong to?
M M Forgings Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of M M Forgings Ltd?
M M Forgings Ltd has a market capitalisation of ₹2,331 Cr as of 28 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of M M Forgings Ltd?
M M Forgings Ltd trades at a PE ratio of 18.36 as of 28 Oct 2026, on earnings per share of ₹26.29, against a book value of ₹201.99 per share.
What is the 52-week high and low of M M Forgings Ltd?
Over the last 52 weeks M M Forgings Ltd has traded between ₹295.2 and ₹687.95 as of 28 Oct 2026.
Does M M Forgings Ltd pay dividends?
M M Forgings Ltd has a dividend yield of 0.81%.
What is the Return on Equity (ROE) of M M Forgings Ltd?
M M Forgings Ltd reported a return on equity of 10.11%. Its debt-to-equity ratio is 1.20.

Company Information

M M Forgings Limited is engaged in the business of manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels. [1]

Website mmforgings.com
Listed 2006-12-20
Face Value ₹ 10
Shares Outstanding 4,82,81,600

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