MM Forgings Limited

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

483 26(-5%)

Volume

66k as on 19, Jun

Open

490

High

490

Low

477

509

VWAP

472

52 Week High

688

52 Week Low

288

Viand Research Rating

Quality Score

43/100

Growth Score

16/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

2,332

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

Rank/Sector Rank

#1091/#69

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	M&M	3,59,255	2889	4%	5%	9%	19%	22	54.5	1.47	18622
2	MARUTI	3,52,131	11200	1%	6%	14%	30%	29	54.5	0	14680
3	BAJAJ-AUTO	2,76,782	10072	6%	10%	6%	14%	28	54.5	0.58	10574
4	EICHERMOT	1,96,846	7170	3%	3%	2%	4%	42	54.5	0.02	5515
5	TVSMOTOR	1,89,683	3993	6%	2%	9%	12%	244	54.5	3.43	3186
6	MOTHERSON	1,65,983	157	5%	1%	30%	51%	42	54.5	0.22	1796
7	HYUNDAI	1,57,950	1944	2%	8%	7%	14%	29	54.5	0.05	5432
8	BOSCHLTD	1,31,258	44500	5%	4%	22%	16%	43	54.5	0.01	2770
9	HEROMOTOCO	1,03,143	5154	7%	0%	1%	7%	21	54.5	0.01	5268
10	TMPV	1,01,547	276	2%	5%	19%	28%	51	54.5	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	413	405	378	349	355	364	389	369	389	388	384	366	388	372	358	344	324	296	273	247
Sales Growth % (YoY)	20.3%	16.5%	11.3%	-3%	-5.4%	-8.7%	-6.2%	1.4%	0.7%	4.1%	7.5%	12.2%	9.9%	20%	25.5%	30.9%	39.2%	9.5%	32.9%	81.5%	220.5%
Sales Growth % (QoQ)	1.7%	2%	7.1%	8.3%	-1.7%	-2.5%	-6.4%	5.4%	-5.1%	0.3%	1%	4.9%	-5.7%	4.3%	3.9%	4.1%	6.2%	9.5%	8.4%	10.5%	-
Expenses	345	335	334	315	286	282	291	313	297	313	313	312	303	319	299	291	281	268	239	224	201
Operating Profit	75	78	72	63	63	72	73	77	72	75	75	72	63	70	73	67	63	56	57	49	46
OPM %	18	19	18	17	18	20	20	20	19	19	19	19	17	18	20	19	18	17	19	18	19
Other Income	7	4	5	7	9	8	6	8	7	7	7	5	6	5	4	4	0	5	3	4	3
Interest	16	18	20	21	18	15	15	16	15	13	11	9	10	7	8	7	7	6	8	7	7
Depreciation	30	25	22	22	22	23	20	20	19	18	19	18	18	21	21	20	18	17	17	17	17
Profit before tax	36	39	34	26	31	43	44	49	44	52	53	51	41	47	49	43	38	38	36	29	26
Tax %	2	-24	25	32	28	16	27	27	27	26	29	28	27	34	27	24	25	78	18	9	10
Net Profit	35	48	26	18	22	36	32	36	32	38	37	37	30	31	36	33	28	8	29	27	23
Net Profit Growth % (QoQ)	-27.1%	84.6%	44.4%	-18.2%	-38.9%	12.5%	-11.1%	12.5%	-15.8%	2.7%	-	23.3%	-3.2%	-13.9%	9.1%	17.9%	250%	-72.4%	7.4%	17.4%	-
Net Profit Growth % (YoY)	59.1%	33.3%	-18.8%	-50%	-31.2%	-5.3%	-13.5%	-2.7%	6.7%	22.6%	2.8%	12.1%	7.1%	287.5%	24.1%	22.2%	21.7%	-	-	-	-
TTM Net Profit	127	114	102	108	126	136	138	143	144	142	135	134	130	128	105	98	92	87	79	50	0
EPS in Rs	7.33	9.96	5.33	3.67	4.63	7.5	6.57	7.44	6.71	7.88	7.71	7.58	6.21	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 2017	Mar 2016	Mar 2015	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Sales	1545	1477	1527	1413	1105	726	727	904	621	478	502	503	158	207	191	177	166
Sales Growth %	4.6%	-3.3%	8.1%	27.9%	52.2%	-0.2%	-19.5%	45.6%	29.7%	-4.8%	0%	22.1%	-23.4%	8.3%	8%	6.6%	-
Expenses	1270	1183	1239	1154	903	604	602	731	496	386	394	392	136	175	154	143	137
Operating Profit	275	294	288	258	202	121	125	173	124	93	108	111	23	32	37	34	29
OPM %	18	20	19	18	18	17	17	19	20	19	22	22	14	15	19	19	18
Other Income	25	30	26	16	19	22	19	16	12	11	5	2	7	8	6	6	4
Interest	78	61	43	30	27	31	33	26	13	10	8	9	6	9	4	4	3
Depreciation	92	82	72	69	60	57	53	54	42	39	36	35	12	16	18	17	14
Profit before tax	130	180	199	176	133	55	57	109	82	55	69	69	12	14	20	19	16
Tax %	12	24	27	28	31	15	19	25	17	21	28	26	12	28	29	25	27
Net Profit	114	136	145	126	92	47	46	81	69	43	50	51	10	10	14	14	12
Net Profit Growth %	-16.2%	-6.2%	15.1%	37%	95.7%	2.2%	-43.2%	17.4%	60.5%	-14%	-2%	410%	-	-28.6%	-	16.7%	-
EPS in Rs	23.58	28.23	30.12	26.17	19	9.65	9.57	16.84	14.21	9.01	10.39	10.49	2.16	2.11	2.98	2.87	2.44
Dividend Payout %	17	14	13	11	16	26	26	15	18	17	14	14	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 2017	Mar 2016	Mar 2015	Mar 2010	Mar 2009	Mar 2008	Mar 2007	Mar 2006
Cash from Operating Activity	240	189	145	116	147	10	273	33	-14	107	123	106	27	23	6	34	10
Cash from Investing Activity	-157	-330	-201	-160	-126	-12	-71	-275	-93	-69	-86	-63	-15	-41	-38	-26	-12
Cash from Financing Activity	-77	149	63	21	17	14	-199	249	137	-25	-5	21	-7	18	32	-7	1
Net Cash Flow	6	8	6	-23	38	13	2	8	30	13	32	64	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 2017	Mar 2016	Mar 2015	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	12	12	12	6	6	6
Reserves	983	879	886	803	792	666	554	476	444	412	357	303	268	226	92	83	81	70	59
Borrowings	1235	1216	1184	1099	925	756	680	532	566	688	381	224	214	190	114	111	104	63	65
Other Liabilities	282	340	266	329	254	227	181	230	105	93	86	51	45	45	24	18	29	20	20
Total Liabilities	2549	2483	2384	2279	1996	1673	1439	1263	1140	1217	836	589	538	473	242	224	220	160	149
Fixed Assets	1004	1077	861	898	818	719	650	618	653	588	365	320	262	225	130	113	101	82	68
CWIP	299	310	361	350	112	61	36	17	9	39	27	14	30	11	22	25	22	11	9
Investments	28	4	22	4	41	41	33	5	5	5	4	0	0	0	0	0	0	0	0
Other Assets	1217	1092	1140	1028	1025	853	720	623	473	585	440	255	245	237	90	86	97	66	71
Total Assets	2549	2483	2384	2279	1996	1673	1439	1263	1140	1217	836	589	538	473	242	224	220	160	149

Delivery

Delivery Data: MMFL

#	Date	481 43% 688	Value (Cr)	Q/T 23	Del 52	Del 13
1	21-Oct	487	7	19	60	4
2	19-Oct	509	3	22	63	2
3	16-Oct	528	1	10	44	1
4	15-Oct	525	4	21	47	2
5	14-Oct	539	4	19	56	2
6	13-Oct	557	2	14	46	1
7	12-Oct	562	3	15	50	2
8	9-Oct	552	3	12	48	1
9	8-Oct	554	5	17	34	2
10	7-Oct	566	2	14	56	1
11	6-Oct	579	5	15	46	2
12	5-Oct	552	6	17	52	3
13	1-Oct	572	11	22	50	5
14	30-Sep	599	4	14	55	2
15	29-Sep	612	3	14	40	1
16	28-Sep	604	4	18	45	2
17	25-Sep	616	3	12	42	1
18	24-Sep	613	2	11	45	1
19	23-Sep	615	3	12	53	2
20	22-Sep	603	5	14	47	2
21	21-Sep	613	2	12	58	1
22	18-Sep	629	3	17	49	1
23	17-Sep	619	4	13	49	2
24	16-Sep	607	7	19	46	3
25	15-Sep	594	12	36	69	8
26	11-Sep	632	4	14	53	2
27	10-Sep	644	14	17	43	6
28	9-Sep	617	6	11	54	3
29	8-Sep	616	5	16	42	2
30	7-Sep	618	9	25	61	5
31	4-Sep	630	10	21	46	5
32	3-Sep	642	6	20	44	3
33	2-Sep	648	11	17	37	4
34	1-Sep	657	9	17	46	4
35	31-Aug	650	9	16	50	4
36	28-Aug	642	11	20	40	4
37	27-Aug	626	5	16	46	3
38	26-Aug	628	4	13	45	2
39	25-Aug	630	4	16	54	2
40	24-Aug	636	7	17	52	3
41	21-Aug	653	11	15	47	5
42	20-Aug	639	11	16	53	6
43	19-Aug	658	17	19	44	7
44	18-Aug	680	63	27	42	26
45	17-Aug	632	27	22	41	11
46	14-Aug	590	14	21	61	9
47	13-Aug	622	14	12	60	9
48	12-Aug	637	6	20	50	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
21-Oct	2,332c	97c	3.98
19-Oct	2,429c	130c	5.09
17-Oct	2,559c	0	0
16-Oct	2,559c	2c	0.09
15-Oct	2,557c	77c	2.92
14-Oct	2,633c	49c	1.81
13-Oct	2,682c	12c	0.46
12-Oct	2,694c	39c	1.45
09-Oct	2,656c	31c	1.15
08-Oct	2,686c	85c	3.05
05-Oct	2,771c	39c	1.38
01-Oct	2,810c	102c	3.50
29-Sep	2,912c	14c	0.49
28-Sep	2,926c	75c	2.49
25-Sep	3,001c	44c	1.48
24-Sep	2,957c	46c	1.57
22-Sep	2,911c	119c	3.93
17-Sep	3,030c	38c	1.27
10-Sep	2,992c	20c	0.67
07-Sep	3,012c	23c	0.76
04-Sep	3,035c	0	0

Stock Checklist

Price is above from 52 week high low average: 49%

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 Oct26 · Total value ₹405 Cr · 0 increasing / 6 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	2	0.54%	-0.02%	216
Tata Mutual Fund	2	0.71%	-0.07%	188.7
ICICI Prudential Mutual Fund	4	0.00%	-0.22%	0

MM Forgings Limited

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