---
title: "M M Forgings Ltd (MMFL) — Share Price, Financials & Analysis"
symbol: "MMFL"
company: "M M Forgings Ltd"
canonical: "https://tapetide.com/stocks/MMFL"
isin: "INE227C01017"
nse_symbol: "MMFL"
bse_code: "522241"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 3043.19
generated_at: "2026-09-13T19:35:59.066Z"
---

# M M Forgings Ltd (MMFL)

Canonical page: https://tapetide.com/stocks/MMFL

## Company

- **NSE Symbol:** MMFL
- **BSE Code:** 522241
- **ISIN:** INE227C01017
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-12-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** mmforgings.com

## About

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]

## Latest Price

- **Price:** ₹631.7
- **Change:** -12.4 (-1.93%)
- **Open:** ₹644.15
- **Day High:** ₹644.7
- **Day Low:** ₹626.6
- **Previous Close:** ₹644.1
- **Volume:** 71004
- **As Of:** 2026-09-11T09:59:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:30.034527Z.

- **Market Cap:** ₹3043.19 Cr
- **Classification:** Microcap
- **P/E (reported):** 18.4
- **P/E (TTM):** 24.03
- **EPS (TTM):** ₹26.29
- **EPS (reported):** ₹27.88
- **Book Value:** ₹201.99
- **Price to Book:** 3.19
- **Dividend Yield:** 0.62%
- **ROE:** 10.11%
- **ROCE:** 11.9%
- **Debt to Equity:** 1.2
- **Revenue (yearly):** ₹1605.5 Cr
- **Net Income:** ₹98.7 Cr
- **EBITDA:** ₹295.6 Cr
- **52-Week High:** ₹687.95
- **52-Week Low:** ₹288.1
- **RSI (14):** 57.52

## Tapetide Score

- **Score:** 57 / 100
- **Score date:** 2026-09-04
- **Archetype:** Quality at a Reasonable Price
- **What it means:** Financial strength is not being paid for with a demanding multiple. The question worth asking is whether the quality is durable or reflects a good patch — check the consistency of returns over several years rather than the latest quarter.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Rising
- **Percentile:** 77.8 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 29.19 | 9% |
| growth | 45.79 | 9% |
| momentum | 92.61 | 12% |
| ownership | 50 | 24% |
| quality | 60.96 | 22% |
| valuation | 57.08 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 2.96 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

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 25.33% | 53.11% | 51.32% |
| ebitda margin growth | 57.05% | -10.59% | -6.97% | -4.71% |
| net income growth | 102.24% | -19.89% | -4% | 19% |
| revenue growth | 9.94% | 3.73% | 3% | 16% |
| roce | 100.32% | -17.53% | -37.07% | 16.33% |
| roe | 102.1% | -26.69% | 13.67% | -37.82% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 384 | 388 | 389 | 369 | 389 | 364 | 355 | 349 | 378 | 405 | 413 | 420 |
| Expenses | 312 | 313 | 313 | 297 | 313 | 291 | 282 | 286 | 315 | 334 | 335 | 345 |
| Operating Profit | 72 | 75 | 75 | 72 | 77 | 73 | 72 | 63 | 63 | 72 | 78 | 75 |
| OPM % | 19 | 19 | 19 | 19 | 20 | 20 | 20 | 18 | 17 | 18 | 19 | 18 |
| Other Income | 5 | 7 | 7 | 7 | 8 | 6 | 8 | 9 | 7 | 5 | 4 | 7 |
| Interest | 9 | 11 | 13 | 15 | 16 | 15 | 15 | 18 | 21 | 20 | 18 | 16 |
| Depreciation | 18 | 19 | 18 | 19 | 20 | 20 | 23 | 22 | 22 | 22 | 25 | 30 |
| Profit before tax | 51 | 53 | 52 | 44 | 49 | 44 | 43 | 31 | 26 | 34 | 39 | 36 |
| Tax % | 28 | 29 | 26 | 27 | 27 | 27 | 16 | 28 | 32 | 25 | -24 | 2 |
| Net Profit | 37 | 37 | 38 | 32 | 36 | 32 | 36 | 22 | 18 | 26 | 48 | 35 |
| EPS in Rs | 7.58 | 7.71 | 7.88 | 6.71 | 7.44 | 6.57 | 7.5 | 4.63 | 3.67 | 5.33 | 9.96 | 7.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 621 | 904 | 727 | 726 | 1105 | 1413 | 1527 | 1477 | 1545 | 1616 |
| Expenses | 496 | 731 | 602 | 604 | 903 | 1154 | 1239 | 1183 | 1270 | 1328 |
| Operating Profit | 124 | 173 | 125 | 121 | 202 | 258 | 288 | 294 | 275 | 288 |
| OPM % | 20 | 19 | 17 | 17 | 18 | 18 | 19 | 20 | 18 | 18 |
| Other Income | 12 | 16 | 19 | 22 | 19 | 16 | 26 | 30 | 25 | 23 |
| Interest | 13 | 26 | 33 | 31 | 27 | 30 | 43 | 61 | 78 | 76 |
| Depreciation | 42 | 54 | 53 | 57 | 60 | 69 | 72 | 82 | 92 | 99 |
| Profit before tax | 82 | 109 | 57 | 55 | 133 | 176 | 199 | 180 | 130 | 135 |
| Tax % | 17 | 25 | 19 | 15 | 31 | 28 | 27 | 24 | 12 | — |
| Net Profit | 69 | 81 | 46 | 47 | 92 | 126 | 145 | 136 | 114 | 127 |
| EPS in Rs | 14.21 | 16.84 | 9.57 | 9.65 | 19 | 26.17 | 30.12 | 28.23 | 23.58 | 26.29 |
| Dividend Payout % | 18 | 15 | 26 | 26 | 16 | 11 | 13 | 14 | 17 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 48 | 48 |
| Reserves | 303 | 357 | 412 | 444 | 476 | 554 | 666 | 792 | 886 | 983 |
| Borrowings | 224 | 381 | 688 | 566 | 532 | 680 | 756 | 925 | 1184 | 1235 |
| Other Liabilities | 51 | 86 | 93 | 105 | 230 | 181 | 227 | 254 | 266 | 282 |
| Total Liabilities | 589 | 836 | 1217 | 1140 | 1263 | 1439 | 1673 | 1996 | 2384 | 2549 |
| Fixed Assets | 320 | 365 | 588 | 653 | 618 | 650 | 719 | 818 | 861 | 1004 |
| CWIP | 14 | 27 | 39 | 9 | 17 | 36 | 61 | 112 | 361 | 299 |
| Investments | 0 | 4 | 5 | 5 | 5 | 33 | 41 | 41 | 22 | 28 |
| Other Assets | 255 | 440 | 585 | 473 | 623 | 720 | 853 | 1025 | 1140 | 1217 |
| Total Assets | 589 | 836 | 1217 | 1140 | 1263 | 1439 | 1673 | 1996 | 2384 | 2549 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

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

### Ratios

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

## Shareholding Pattern

### Quarterly

| Category | 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 | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% | 56.34% |
| FIIs | 1.72% | 1.93% | 2.28% | 2.84% | 3.41% | 3.75% | 3.09% | 1.8% | 1.76% | 1.74% | 1.86% | 2.44% |
| DIIs | 15.65% | 14.14% | 11.83% | 10.72% | 10.5% | 9.85% | 8.93% | 8.33% | 8.31% | 8.55% | 8.37% | 7.49% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 22.81% | 23.54% | 25.29% | 25.99% | 24.34% | 24.92% | 0% | 28.12% | 28.46% | 27.93% | 26.7% | 27.14% |
| Others | 3.48% | 4.05% | 4.26% | 4.12% | 5.41% | 5.14% | 31.65% | 5.42% | 5.14% | 5.45% | 6.74% | 6.59% |
| No. of Shareholders | 16570 | 18429 | 22529 | 27478 | 34494 | 33878 | 34349 | 35742 | 35811 | 34244 | 30828 | 29930 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 7 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 635.42 | Sell |
| EMA (10) | 631.98 | Sell |
| SMA (20) | 638.89 | Sell |
| EMA (20) | 627.76 | Buy |
| SMA (50) | 589.02 | Buy |
| EMA (50) | 591.77 | Buy |
| SMA (100) | 527.33 | Buy |
| EMA (100) | 544.16 | Buy |
| SMA (200) | 469.04 | Buy |
| EMA (200) | 489.31 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.47 | Neutral |
| MACD (12,26,9) | 10.44 | Sell |
| Stochastic (14,3,3) | 36.97 | Neutral |
| ADX (14) | 24.35 | Neutral |
| Williams %R (14) | -61.98 | Neutral |
| ATR (14) | 27.16 | High Volatility |
| ROC (12) | 0.51 | Buy |
| Stoch RSI (14) | 31.34 | Neutral |
| UO (7,14,28) | 46.29 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 3 | 100% |
| Hold | 0 | 0% |
| Sell | 0 | 0% |

Based on 3 analyst ratings, observed at 2026-09-11T04:34:30.029360+00:00.

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=12d49447-5e47-43e8-99c1-beee745ebbd8.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=23504695-4976-4064-b9e9-a23990285e91.pdf) |
| 2026-08-15 | [Update On The Unaudited Standalone And Consolidated Financial Results Q1FY27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0bfaa18a-bd9a-4cb1-ab7f-7aa2c3636015.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 14 August 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab100db8-cf70-447b-a985-933a6e80d58e.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cd7373a7-e33b-44ad-842c-829f42435edd.pdf) |
| 2026-08-14 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=18a99dd0-cda8-40da-ada3-ee1b5f84c783.pdf) |
| 2026-08-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f7103add-8e2f-47c3-be23-1e30ef24cf33.pdf) |
| 2026-08-10 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0cd010ca-7e10-406f-b601-1a5191edf349.pdf) |
| 2026-08-08 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07b5c557-cf9b-4ac7-8851-04ae5fb03d70.pdf) |
| 2026-08-03 | [Update on board meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e1d3da4-1370-425c-87ab-58caf593ed33.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-08-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49571035-a0f9-430b-8d15-96f142aede46.pdf) |
| 2026-03-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6c4214de-74e5-432c-ac5c-0565b5be9138.pdf) |
| 2026-02-19 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e6cee08c-93ae-4282-af46-7152a2fdebeb.pdf) |
| 2025-11-21 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c97f9c46-932b-4bc3-a141-54768eca4254.pdf) |
| 2025-08-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36393ca7-c7a7-4883-9fcf-d9dda087f031.pdf) |
| 2025-05-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55566072-c388-4424-8ec7-85a3c3ac6ff1.pdf) |
| 2024-06-05 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=571fe8ab-f873-460d-990c-33e60be40160.pdf) |
| 2023-08-16 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8503db8f-9e0b-4c33-907b-c3767dbea25c.pdf) |
| 2023-05-22 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2b5636e-fe3f-493e-a394-1fa83ad2ef6e.pdf) |
| 2023-02-18 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c88093a-fa52-40ca-a24c-d6644da408ae.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2993525-df03-4a83-b7ce-839bb651fecb.pdf) |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9da8b9f3-0d89-42f2-8603-4be9bafd7cc1.pdf) |
| 2025-08-11 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=806305d8-841e-4bf6-8e62-129b9accef09.pdf) |
| 2025-05-26 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=21201605-8769-48cd-89e6-2db75ab23aaa.pdf) |
| 2024-06-03 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9b39e861-8295-4252-b1ef-0a0b27377328.pdf) |
| 2023-08-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8820777b-ffb0-474f-9e73-76329226c4f1.pdf) |
| 2023-05-18 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c27321d-86f7-4ff2-8924-4535cb7c9e03.pdf) |
| 2023-02-15 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ea4167f-a400-4d44-b252-4a86ac6612ae.pdf) |
| 2022-11-14 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f0b25d03-0ae2-453c-8a77-cb7d24700386.pdf) |
| 2022-06-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f7e29b7-78f2-4882-a2e1-18d289b6a5e2.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=234ec794-1233-44b6-8779-3c62539f377d.pdf) |
| 2026-05-28 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1cb5fc4f-e915-496d-9a9e-ea7b41f40eab.pdf) |
| 2026-02-13 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=879f299a-afe1-41b8-9341-01f9c2905372.pdf) |
| 2025-11-14 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edf8597c-ee9a-41be-8f48-bdcf4be5de83.pdf) |
| 2025-08-06 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a7f2c7da-525a-4e44-8b63-9d4632d34fc3.pdf) |
| 2025-05-24 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd59241a-dd51-4e69-967e-a6cf816c9d42.pdf) |
| 2025-02-03 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b069c12-23ab-41cf-a76c-9d1f41cf1fd1.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Unaudited Financial Results For The Quarter Ended 30 June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac82edfe-470b-4182-bded-722cd86a8cb0.pdf) |
| 2026-05-27 | [Results - Financial Year Ended 31 March 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28528d0e-aa14-4f8d-833e-d4a3a024d8c4.pdf) |
| 2026-02-13 | [Results-Q3FY26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=abc34661-0f67-4701-a1e8-e5b5f3ee1a8f.pdf) |
| 2025-11-14 | [Unaudited Financial Results For Q2FY26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=718b8549-e5d7-4d6b-8e9a-41090ba840bb.pdf) |
| 2025-08-06 | [Financial Results Q1F26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b08531f0-399e-41c1-8896-8c40c5f1e6e6.pdf) |
| 2025-05-24 | [Results F25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=440c2948-2a0f-4808-ae07-c2584450626a.pdf) |
| 2025-02-03 | [Results Q3F25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=da0be496-3c8b-4d2c-85c3-3cd2a9a285a6.pdf) |
| 2024-10-26 | [Results Q2FY25 And Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4436d40-e923-4c1a-8f36-43dab93a3247.pdf) |
| 2024-08-12 | [Results Q1FY25 And Outcome Of Board Meeting 12 August 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f4d29cb4-0807-4211-aee9-2460fea518b1.pdf) |
| 2024-05-29 | [Results For The Q4F24 And F24](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1d28896-f6fd-43d1-94d8-4d0b3d23ddff.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2024 | [Concall - Sep 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9ae3e57-44bd-4579-937a-2ea33f123b04.pdf) |
| Sep 2024 | [Concall - Sep 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9ae3e57-44bd-4579-937a-2ea33f123b04.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c97f9c46-932b-4bc3-a141-54768eca4254.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a2ba4c47-44da-4a93-878e-bbfc13f88ff0.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1cb5fc4f-e915-496d-9a9e-ea7b41f40eab.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/1cb5fc4f-e915-496d-9a9e-ea7b41f40eab.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/55566072-c388-4424-8ec7-85a3c3ac6ff1.pdf) |
| May 2023 | [Concall - May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2b5636e-fe3f-493e-a394-1fa83ad2ef6e.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/560c98a3-3e15-403d-a547-eedc11ea9547.pdf) |
| May 2022 | [Concall - May 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4cceb44-2611-4d79-995f-8eba6c0fcd88.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Copy of newspaper published today, pursuant to IEPF provisions. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9h - Copy of newspaper published today, pursuant to IEPF provisions.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/48854078-160e-45eb-8dbd-5eb30e7f6e3e.pdf) |
| 9 Mar - Earnings Call Transcript for the investor call held on 5 March 2026. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Mar - Earnings Call Transcript for the investor call held on 5 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6c4214de-74e5-432c-ac5c-0565b5be9138.pdf) |
| 6 Mar - Audio recording of 05-Mar-2026 investor call on unaudited Q3 and 9M results ended 31-Dec-2025; results approved 13-Feb-2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 6 Mar - Audio recording of 05-Mar-2026 investor call on unaudited Q3 and 9M results ended 31-Dec-2025; results approved 13-Feb-2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9da8b9f3-0d89-42f2-8603-4be9bafd7cc1.pdf) |
| 31 Mar - Postal ballot for authorized capital increase and raising funds; e-voting 31 Mar–29 Apr 2026; results 30 Apr. | [Newspaper Intimation - Notice Of Postal Ballot 31 Mar - Postal ballot for authorized capital increase and raising funds; e-voting 31 Mar–29 Apr 2026; results 30 Apr.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/75ebc0a1-95f9-42d5-9d8d-46b3930b8363.pdf) |
| 30 Mar - Postal ballot: increase authorized capital to ₹61 crore; authorize fundraising up to ₹600 crore; e-vote Mar31–Apr29,2026. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 30 Mar - Postal ballot: increase authorized capital to ₹61 crore; authorize fundraising up to ₹600 crore; e-vote Mar31–Apr29,2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b07e645-8075-4c79-9e92-be5ed9589677.pdf) |
| 30 Apr - Shareholders approved higher authorized capital and up to ₹600 crore fund raise on 29 April 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 30 Apr - Shareholders approved higher authorized capital and up to ₹600 crore fund raise on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/309c29a7-5067-4c4f-b8fb-27af57ff26a9.pdf) |
| 30 Apr - Shareholders approved higher authorized capital and up to ₹600 crore fund raise on 29 April 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 30 Apr - Shareholders approved higher authorized capital and up to ₹600 crore fund raise on 29 April 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/309c29a7-5067-4c4f-b8fb-27af57ff26a9.pdf) |
| 30 Apr - Shareholders approved higher authorised capital and up to ₹600 crore fundraising by April 29, 2026 postal ballot. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 30 Apr - Shareholders approved higher authorised capital and up to ₹600 crore fundraising by April 29, 2026 postal ballot.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52f7f5b6-da63-43f9-865b-5f0377130667.pdf) |
| 30 Apr - Shareholders approved higher authorised capital and up to ₹600 crore fundraising by April 29, 2026 postal ballot. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 30 Apr - Shareholders approved higher authorised capital and up to ₹600 crore fundraising by April 29, 2026 postal ballot.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/52f7f5b6-da63-43f9-865b-5f0377130667.pdf) |
| 30 Apr - Newspaper Publication in connection with Intimation to the Investors to update their KYC and other particulars as a part of IEPF second 100 Days Campaign … | [Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Apr - Newspaper Publication in connection with Intimation to the Investors to update their KYC and other particulars as a part of IEPF second 100 Days Campaign …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8aae6a2-2177-47e1-bbd7-2232c8070fda.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1002_MMFL_2012_2013_16082013121043.zip) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e31f840f-5376-4b4b-8979-94b887090644.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9120c344-165f-414a-95e8-8db335f9ef14.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/397d4878-d83d-44f4-8c7d-4bb198a3e257.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9c8d1649-2b14-4a8e-80f7-ab8dadc9c8d9.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/73188522241.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/69581522241.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/66615522241.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/5222410319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/522241/5222410318.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:35:59.066Z.