MM Forgings Limited

Web: mmforgings.com NSE: MMFL BSE: 522241 SECTOR: Automobile and Auto Components - Auto Components | Add Note | View Notes

629 13(-2%)

Near 52W High of 688

Volume

66k as on 19, Jun

Open

490

High

490

Low

477

642

VWAP

472

52 Week High

688

52 Week Low

288

Viand Research Rating

Quality Score

45/100

Growth Score

36/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

3,035

No. of Shares

4.83

P/E

17.65

P/B

3.15

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

17.83

ROCE

Profit Growth

Listing Date

20-Dec-06

Promoter Holding

56.33%

FII Holding

2.44%

DII Holding

7.49%

Price Chart

Price Performance

1 Week5%

1 Month5%

3 Months12%

6 Months8%

1 Year8%

YTD8%

Moving Average

5 Day SMA471

10 Day SMA459

20 Day SMA456

30 Day SMA456

50 Day SMA465

61 Day SMA455

80 Day SMA0

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	490	475	483	486
Resistance 2	483	474	478	481
Resistance 1	477	473	475	473
Pivot Point	470	471	470	468
Support 1	464	470	465	460
Support 2	457	469	462	455
Support 3	451	468	457	447

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	NP Qtr Rs.Cr.
1	MARUTI	3,99,008	12694	4%	9%	11%	12%	29	50.8	0	14680
2	M&M	3,93,950	3170	5%	8%	6%	10%	22	50.8	1.47	18622
3	BAJAJ-AUTO	3,27,978	11919	2%	1%	22%	31%	28	50.8	0.58	10574
4	EICHERMOT	2,08,650	7630	5%	4%	2%	20%	42	50.8	0.02	5515
5	TVSMOTOR	1,96,639	4139	5%	4%	10%	22%	244	50.8	3.43	3186
6	HYUNDAI	1,79,100	2204	4%	2%	0%	13%	29	50.8	0.05	5432
7	MOTHERSON	1,69,360	160	2%	5%	26%	72%	42	50.8	0.47	4086
8	TATAMOTORS	1,49,439	383	10%	2%	1%	13%	7	50.8	0.71	82645
9	BOSCHLTD	1,38,056	46805	4%	14%	33%	15%	43	50.8	0.01	2773
10	TMPV	1,15,080	312	1%	11%	16%	25%	51	50.8	0.71	82645
Load More

Shareholding Pattern (%)

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jul 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021
Promoters	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.33%	(0.01) 56.34%	(0.01) 56.34%	(0.01) 56.34%
FIIs	(0.61) 2.44%	(0.11) 1.85%	(0.01) 1.74%	(0.01) 1.76%	(-1.31) 1.79%	(-0.71) 3.09%	(0.31) 3.75%	(0.81) 3.41%	(-0.21) 2.65%	(0.61) 2.85%	(0.41) 2.28%	(0.21) 1.93%	(0.11) 1.72%	(0.01) 1.64%	(0.51) 1.65%	(0.31) 1.16%	(0.11) 0.91%	(0.01) 0.82%	(0.01) 0.78%	(0.01) 0.77%
DIIs	(-0.91) 7.49%	(-0.21) 8.38%	(0.21) 8.55%	(0.01) 8.31%	(-0.61) 8.33%	(-0.91) 8.92%	(-0.71) 9.85%	(-0.11) 10.50%	(-0.21) 10.56%	(-1.11) 10.72%	(-2.61) 11.83%	(-1.21) 14.47%	(-0.91) 15.66%	(-0.41) 16.59%	(0.41) 17.02%	(0.31) 16.65%	(-1.71) 16.32%	(-1.61) 17.99%	(-1.61) 19.63%	(0.01) 21.22%
Public	33.73%	33.44%	33.38%	33.59%	33.54%	31.65%	30.06%	29.75%	30.46%	30.10%	29.56%	27.27%	26.29%	25.44%	25.00%	25.85%	26.44%	24.86%	23.26%	21.68%
No. of Shareholders	29,930	30,828	34,244	35,811	35,742	34,349	33,878	34,494	30,760	27,478	22,529	18,429	16,570	15,844	14,775	15,530	15,398	12,419	11,398	9,414

Quarterly Results

	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022	Dec 2021	Sep 2021	Jun 2021
Sales	420	430	414	385	362	371	374	398	382	398	399	397	370	388	372	358	344	324	296	273	247
Sales Growth % (YoY)	16.3%	15.9%	10.6%	-3.4%	-5.4%	-6.8%	-6.2%	0.4%	3.2%	2.4%	7.2%	10.9%	7.6%	20%	25.5%	30.9%	39.2%	9.5%	32.9%	81.5%	220.5%
Sales Growth % (QoQ)	-2.3%	3.9%	7.5%	6.4%	-2.4%	-0.8%	-6%	4.2%	-4%	-0.3%	0.5%	7.3%	-4.6%	4.3%	3.9%	4.1%	6.2%	9.5%	8.4%	10.5%	-
Expenses	346	349	344	318	298	298	301	321	309	320	323	322	305	319	299	291	281	268	239	224	201
Operating Profit	75	81	69	67	63	73	73	77	73	78	75	75	65	70	73	67	63	56	57	49	46
OPM %	18	19	17	17	18	20	20	19	19	20	19	19	18	18	20	19	18	17	19	18	19
Other Income	63	1	3	4	8	6	4	7	6	6	6	5	5	5	4	4	0	5	3	4	3
Interest	16	18	20	21	18	14	15	16	15	13	11	9	10	7	8	7	7	6	8	7	7
Depreciation	30	28	26	24	25	26	23	23	22	20	21	21	21	21	21	20	18	17	17	17	17
Profit before tax	91	35	26	25	28	40	39	45	42	50	49	50	40	47	49	43	38	38	36	29	26
Tax %	1	-26	33	34	31	17	31	29	29	27	31	29	28	34	27	24	25	78	18	9	10
Net Profit	90	45	18	17	19	33	27	32	30	37	34	35	29	31	36	33	28	8	29	27	23
Net Profit Growth % (QoQ)	100%	150%	5.9%	-10.5%	-42.4%	22.2%	-15.6%	6.7%	-18.9%	8.8%	-2.9%	20.7%	-6.5%	-13.9%	9.1%	17.9%	250%	-72.4%	7.4%	17.4%	-
Net Profit Growth % (YoY)	373.7%	36.4%	-33.3%	-46.9%	-36.7%	-10.8%	-20.6%	-8.6%	3.4%	19.4%	-5.6%	6.1%	3.6%	287.5%	24.1%	22.2%	21.7%	-	-	-	-
TTM Net Profit	170	99	87	96	111	122	126	133	136	135	129	131	129	128	105	98	92	87	79	50	0
EPS in Rs	18.73	9.27	3.64	3.43	3.97	6.89	5.5	6.61	6.23	7.62	6.94	7.34	6	6.37	7.41	6.82	5.86	1.74	6.09	5.49	4.78

Profit and Loss

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Sales	1590	1525	1563	1462	1140	752	769	934	639	158	207	191	177	166
Sales Growth %	4.2%	-2.4%	6.9%	28.3%	51.5%	-2.2%	-17.7%	46.3%	-	-23.4%	8.3%	8%	6.6%	-
Expenses	1310	1229	1270	1189	931	623	637	759	509	136	175	154	143	137
Operating Profit	280	296	293	273	209	129	132	175	130	23	32	37	34	29
OPM %	18	19	19	19	18	17	17	19	20	14	15	19	19	18
Other Income	16	23	22	12	16	20	19	8	4	7	8	6	6	4
Interest	78	60	42	30	28	32	38	32	13	6	9	4	4	3
Depreciation	103	93	83	79	68	65	60	58	46	12	16	18	17	14
Profit before tax	115	166	189	177	129	52	53	93	74	12	14	20	19	16
Tax %	14	26	29	28	29	11	21	29	18	12	28	29	25	27
Net Profit	99	123	135	128	91	46	42	66	61	10	10	14	14	12
Net Profit Growth %	-19.5%	-8.9%	5.5%	40.7%	97.8%	9.5%	-36.4%	8.2%	510%	-	-28.6%	-	16.7%	-
EPS in Rs	20.44	25.52	27.96	26.49	18.84	9.54	8.68	13.56	12.57	2.16	2.11	2.98	2.87	2.44
Dividend Payout %	20	16	14	11	16	26	29	18	20	17	18	21	13	15

Cash Flows

	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Cash from Operating Activity	228	182	149	160	150	20	283	27	4	27	23	6	34	10
Cash from Investing Activity	-182	-358	-232	-187	-126	-11	-78	-301	-86	-15	-41	-38	-26	-12
Cash from Financing Activity	-38	185	77	16	14	3	-202	281	112	-7	18	32	-7	1
Net Cash Flow	8	8	-6	-10	39	12	3	8	30	5	0	0	0	-1

Balance Sheet

	Mar 2026	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Equity Capital	48	48	48	48	24	24	24	24	24	24	12	12	12	6	6	6
Reserves	927	879	845	803	765	649	535	463	431	403	351	92	83	81	70	59
Borrowings	1235	1216	1185	1099	931	756	685	532	566	688	385	114	111	104	63	65
Other Liabilities	286	340	271	329	249	232	170	230	113	103	90	24	18	29	20	20
Total Liabilities	2496	2483	2350	2279	1969	1661	1414	1250	1134	1218	838	242	224	220	160	149
Fixed Assets	1101	1077	964	898	914	804	708	675	712	651	406	130	113	101	82	68
CWIP	335	310	383	350	124	63	36	17	13	39	27	22	25	22	11	9
Investments	10	4	4	4	23	22	22	3	3	3	3	0	0	0	0	0
Other Assets	1051	1092	998	1028	908	772	647	553	406	524	402	90	86	97	66	71
Total Assets	2496	2483	2350	2279	1969	1661	1414	1250	1134	1218	838	242	224	220	160	149

Delivery

Delivery Data: MMFL

#	Date	448 54% 688	Value (Cr)	Q/T 25	Del 45	Del 13
1	4-Sep	630	10	21	46	5
2	3-Sep	642	6	20	44	3
3	2-Sep	648	11	17	37	4
4	1-Sep	657	9	17	46	4
5	31-Aug	650	9	16	50	4
6	28-Aug	642	11	20	40	4
7	27-Aug	626	5	16	46	3
8	26-Aug	628	4	13	45	2
9	25-Aug	630	4	16	54	2
10	24-Aug	636	7	17	52	3
11	21-Aug	653	11	15	47	5
12	20-Aug	639	11	16	53	6
13	19-Aug	658	17	19	44	7
14	18-Aug	680	63	27	42	26
15	17-Aug	632	27	22	41	11
16	14-Aug	590	14	21	61	9
17	13-Aug	622	14	12	60	9
18	12-Aug	637	6	20	50	3
19	11-Aug	643	12	23	62	7
20	10-Aug	658	20	16	54	11
21	7-Aug	629	43	27	51	22
22	6-Aug	604	28	26	53	15
23	5-Aug	571	7	22	55	4
24	4-Aug	553	8	20	54	4
25	3-Aug	554	3	17	58	2
26	31-Jul	547	2	18	58	1
27	30-Jul	535	2	14	59	1
28	29-Jul	549	2	20	63	1
29	28-Jul	553	6	20	51	3
30	27-Jul	560	5	23	58	3
31	24-Jul	552	4	27	65	2
32	23-Jul	548	8	31	56	5
33	22-Jul	552	6	21	50	3
34	21-Jul	556	11	26	53	6
35	20-Jul	534	8	26	56	5
36	17-Jul	528	7	29	55	4
37	16-Jul	524	7	34	63	4
38	15-Jul	520	4	26	64	3
39	14-Jul	516	7	20	44	3
40	13-Jul	516	4	16	54	2
41	10-Jul	523	13	35	54	7
42	9-Jul	510	11	25	59	7
43	8-Jul	500	8	28	58	5
44	7-Jul	495	4	22	63	2
45	6-Jul	495	12	22	48	6
46	3-Jul	502	18	27	44	8
47	2-Jul	486	44	38	26	11
48	1-Jul	462	5	29	52	3
49	30-Jun	455	1	12	59	1
50	29-Jun	456	1	19	58	1

Daily Market Cap

Date	Total Market Cap	Change	Chg %
04-Sep	3,035c	117c	3.71
03-Sep	3,152c	39c	1.21
01-Sep	3,191c	59c	1.88
31-Aug	3,132c	146c	4.90
27-Aug	2,986c	17c	0.57
26-Aug	3,003c	63c	2.06
25-Aug	3,066c	24c	0.77
24-Aug	3,090c	43c	1.36
21-Aug	3,133c	40c	1.25
19-Aug	3,172c	87c	2.67
18-Aug	3,259c	226c	7.45
17-Aug	3,033c	184c	6.47
14-Aug	2,849c	133c	4.45
13-Aug	2,981c	109c	3.52
12-Aug	3,090c	96c	3.02
11-Aug	3,186c	0	0
10-Aug	3,186c	280c	9.64
06-Aug	2,906c	250c	9.43
04-Aug	2,656c	24L	0.01
31-Jul	2,656c	60c	2.30
30-Jul	2,596c	45c	1.71
29-Jul	2,641c	33c	1.23
28-Jul	2,674c	44c	1.63
27-Jul	2,718c	40c	1.50
24-Jul	2,678c	0	0

Stock Checklist

Price is above from 52 week high low average: 85%

Stock is trading above all short term SMAs: YES

Stock is trading above all long term SMAs: YES

Stock is Consistently Improving Long Term: NO

FII purchased in last quarter: YES

Promoters are buying the stock: NO

Mutual Fund Holdings

Held by 8 fund scheme(s) across 3 fund house(s) as of Aug26 · Total value ₹375 Cr · 2 increasing / 0 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	2	0.47%	+0.07%	197.3
Tata Mutual Fund	2	0.68%	-0.01%	172.4
ICICI Prudential Mutual Fund	4	0.05%	-	5.5

MM Forgings Limited

Price Chart

Price Performance

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Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

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