Munish Forge
Munish Forge (MUNISH) share price was ₹82.10 at the 27 Oct 2026 close; market capitalisation ₹198 Cr; P/E (TTM) 17.47; sector Industrial Products. The share price fell 34.2% over the year to 27 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue was ₹100 Cr, against ₹90 Cr a year earlier and net profit was ₹3 Cr, against ₹8 Cr a year earlier (compared with Mar 2025). Promoters held 68.01% of Munish Forge in Sep 2026, unchanged from Mar 2026. Its Tapetide Score is 44/100 (Weak) as of 28 Oct 2026.
Key Fundamentals
SMEIndustrial ProductsCapital GoodsPrice-based figures as of 27 Oct 2026, 15:30 IST · TTM
Peer Comparison
Industrials › Industrial Products › Castings & Forgings
| ₹24,145.00 | 288.20 | 36,200 Cr | 11.57 | 0.00% | 6.74% | 8.00% | 733 Cr | 125 Cr | |
| ₹3,598.60 | 26.52 | 33,582 Cr | 4.18 | 0.45% | 15.79% | 19.94% | 4,974 Cr | 1,264 Cr | |
| ₹1,782.00 | 51.34 | 16,822 Cr | 7.90 | 0.22% | 14.17% | 18.95% | 1,674 Cr | 327 Cr | |
| ₹443.95 | 19.51 | 5,389 Cr | 3.38 | 0.03% | 16.24% | 19.83% | 1,210 Cr | 268 Cr | |
| ₹345.10 | 38.56 | 3,492 Cr | 8.84 | 0.13% | 21.99% | 28.56% | 457 Cr | 91 Cr | |
| ₹2,167.95 | 33.51 | 2,504 Cr | 9.44 | 0.00% | 13.29% | 18.66% | 104 Cr | 26 Cr | |
| Munish Forge (this company) | ₹82.10 | 17.47 | 198 Cr | 1.57 | 0.00% | 8.34% | 14.17% | 93 Cr | 8 Cr |
| Median 7 companies | ₹1,782.00 | 33.51 | 5,389 Cr | 7.90 | 0.03% | 14.17% | 18.95% | 733 Cr | 125 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. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 100/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has delivered good profit growth of 128% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 60.5 to 83.2 days.
- Working capital days have increased from 72.0 days to 105 days
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin 9% · Mar 2026
Quarterly Results
| Particulars | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 90 | 83 | 100 |
| Expenses | 77 | 70 | 91 |
| Operating Profit | 13 | 13 | 9 |
| OPM % | 15% | 15% | 9% |
| Other Income | 2 | 1 | 1 |
| Interest | 3 | 3 | 3 |
| Depreciation | 2 | 2 | 2 |
| PBT | 11 | 8 | 5 |
| Tax % | 27% | 13% | 27% |
| Net Profit | 8 | 7 | 3 |
| EPS (₹) | 4.48 | 4.02 | 1.42 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 74 | 125 | 160 | 160 | 175 | 183 |
| Expenses | 72 | 115 | 151 | 148 | 151 | 161 |
| Operating Profit | 1 | 9 | 9 | 11 | 24 | 21 |
| OPM % | 1.8% | 7% | 6% | 7% | 14% | 12% |
| Other Income | 6 | 1 | 1 | 2 | 4 | 1 |
| Interest | 4 | 5 | 5 | 5 | 5 | 6 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 4 |
| PBT | 0 | 1 | 2 | 6 | 20 | 13 |
| Tax % | -143% | -21% | 19% | 24% | 26% | 18% |
| Net Profit | 0 | 1 | 2 | 4 | 14 | 11 |
| EPS (₹) | 1.76 | 14.84 | 20.44 | 45.56 | 8.15 | 4.37 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 18 | 24 |
| Reserves | 26 | 24 | 26 | 31 | 50 | 103 |
| Borrowings | 47 | 60 | 51 | 47 | 61 | 57 |
| Other Liabilities | 31 | 28 | 20 | 25 | 33 | 26 |
| Total Liabilities | 113 | 121 | 107 | 113 | 162 | 210 |
| Fixed Assets | 30 | 26 | 24 | 22 | 37 | 40 |
| CWIP | 0 | 0 | 0 | 5 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 12 | 13 |
| Other Assets | 84 | 96 | 83 | 87 | 113 | 157 |
| Total Assets | 113 | 121 | 107 | 113 | 162 | 210 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | — | 6 | 20 | 4 | 5 | -34 |
| Investing | — | 1 | 0 | -5 | -10 | -6 |
| Financing | — | -5 | -14 | -8 | 8 | 51 |
| Net Cash Flow | — | 2 | 6 | -8 | 3 | 11 |
| Free Cash Flow | — | 7 | 19 | -1 | -8 | -41 |
| CFO/OP | — | 62 | 226 | 49 | 40 | -147 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 104 | 68 | 48 | 46 | 53 | 83 |
| Inventory Days | 415 | 202 | 119 | 148 | 273 | 322 |
| Days Payable | 198 | 52 | 24 | 38 | 71 | 46 |
| Cash Conversion Cycle | 320 | 218 | 143 | 155 | 255 | 360 |
| Working Capital Days | 110 | 67 | 49 | 69 | 42 | 105 |
| ROCE % | — | 7% | 8% | 12% | 23% | 12% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Munish Forge insights
55 extracted metrics + investor summaries across FY21–FY26.
Documents
Frequently Asked Questions about Munish Forge
What does Munish Forge Ltd do?
Where is Munish Forge Ltd (MUNISH) listed?
Which sector does Munish Forge Ltd belong to?
What is the market capitalisation of Munish Forge Ltd?
What is the PE ratio of Munish Forge Ltd?
What is the 52-week high and low of Munish Forge Ltd?
What is the Return on Equity (ROE) of Munish Forge Ltd?
Company Information
Incorporated in July 1986, Munish Forge Limited manufactures components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/MUNISH.md for Munish Forge Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For
live, structured queries instead of documents, use our Indian stock market MCP server.