MM Forgings Limited

Web: mmforgings.com NSE: MMFL BSE: 522241 SECTOR: Automobile and Auto Components - Auto Components

549 3(-1%)

Near 52W High of 564

Volume

66k as on 19, Jun

Open

490

High

490

Low

477

552

VWAP

472

52 Week High

564

52 Week Low

288

Viand Research Rating

Quality Score

41/100

Growth Score

12/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

2,652

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

1.85%

DII Holding

8.38%

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	4,20,513	13375	0%	1%	14%	7%	29	50.8	0	14680
2	M&M	4,00,267	3219	3%	4%	11%	3%	22	50.8	1.44	18622
3	BAJAJ-AUTO	3,14,435	11255	7%	8%	17%	31%	28	50.8	0.58	10574
4	EICHERMOT	2,11,089	7690	3%	0%	8%	40%	42	50.8	0.02	5515
5	TVSMOTOR	1,85,726	3910	8%	12%	9%	39%	244	50.8	3.43	3186
6	HYUNDAI	1,58,876	1955	3%	2%	15%	8%	29	50.8	0.05	5432
7	MOTHERSON	1,53,149	145	1%	2%	29%	45%	42	50.8	0.47	4086
8	TATAMOTORS	1,49,439	383	10%	2%	1%	13%	7	50.8	0.71	82645
9	BOSCHLTD	1,24,385	42150	0%	3%	16%	9%	43	50.8	0.01	2773
10	TMPV	1,19,342	324	2%	9%	6%	22%	51	50.8	0.71	82645
Load More

Shareholding Pattern (%)

	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) 56.34%	(0.01) 56.34%	(0.01) 56.34%
FIIs	(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	(-0.21) 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	33.44%	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	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

	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	430	414	385	362	371	374	398	382	398	399	397	370	388	372	358	344	324	296	273	247
Sales Growth % (YoY)	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)	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	349	344	318	298	298	301	321	309	320	323	322	305	319	299	291	281	268	239	224	201
Operating Profit	81	69	67	63	73	73	77	73	78	75	75	65	70	73	67	63	56	57	49	46
OPM %	19	17	17	18	20	20	19	19	20	19	19	18	18	20	19	18	17	19	18	19
Other Income	1	3	4	8	6	4	7	6	6	6	5	5	5	4	4	0	5	3	4	3
Interest	18	20	21	18	14	15	16	15	13	11	9	10	7	8	7	7	6	8	7	7
Depreciation	28	26	24	25	26	23	23	22	20	21	21	21	21	21	20	18	17	17	17	17
Profit before tax	35	26	25	28	40	39	45	42	50	49	50	40	47	49	43	38	38	36	29	26
Tax %	-26	33	34	31	17	31	29	29	27	31	29	28	34	27	24	25	78	18	9	10
Net Profit	45	18	17	19	33	27	32	30	37	34	35	29	31	36	33	28	8	29	27	23
Net Profit Growth % (QoQ)	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)	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	99	87	96	111	122	126	133	136	135	129	131	129	128	105	98	92	87	79	50	0
EPS in Rs	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	122	135	128	91	46	42	66	61	10	10	14	14	12
Net Profit Growth %	-18.9%	-9.6%	5.5%	40.7%	97.8%	9.5%	-36.4%	8.2%	510%	-	-28.6%	-	16.7%	-
EPS in Rs	20.44	25.24	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 %	0	16	14	11	16	26	29	18	20	17	18	21	13	15

Cash Flows

	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	182	149	160	150	20	283	27	4	27	23	6	34	10
Cash from Investing Activity	-358	-232	-187	-126	-11	-78	-301	-86	-15	-41	-38	-26	-12
Cash from Financing Activity	185	77	16	14	3	-202	281	112	-7	18	32	-7	1
Net Cash Flow	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	929	879	843	803	765	649	535	463	431	403	351	92	83	81	70	59
Borrowings	1074	1216	1185	1099	931	756	685	532	566	688	385	114	111	104	63	65
Other Liabilities	473	340	272	329	249	232	170	230	113	103	90	24	18	29	20	20
Total Liabilities	2524	2483	2349	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	337	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	1077	1092	997	1028	908	772	647	553	406	524	402	90	86	97	66	71
Total Assets	2524	2483	2349	2279	1969	1661	1414	1250	1134	1218	838	242	224	220	160	149

Delivery

#	Date	431 31% 564	Value (Cr)	Q/T 24	Del 43	Del 6
1	22-Jul	552	6	21	50	3
2	21-Jul	556	11	26	53	6
3	20-Jul	534	8	26	56	5
4	17-Jul	528	7	29	55	4
5	16-Jul	524	7	34	63	4
6	15-Jul	520	4	26	64	3
7	14-Jul	516	7	20	44	3
8	13-Jul	516	4	16	54	2
9	10-Jul	523	13	35	54	7
10	9-Jul	510	11	25	59	7
11	8-Jul	500	8	28	58	5
12	7-Jul	495	4	22	63	2
13	6-Jul	495	12	22	48	6
14	3-Jul	502	18	27	44	8
15	2-Jul	486	44	38	26	11
16	1-Jul	462	5	29	52	3
17	30-Jun	455	1	12	59	1
18	29-Jun	456	1	19	58	1
19	25-Jun	461	5	21	54	3
20	24-Jun	450	2	20	56	1
21	23-Jun	439	5	31	62	3
22	22-Jun	451	8	33	64	5
23	19-Jun	470	3	22	50	2
24	18-Jun	471	3	28	54	1
25	17-Jun	472	2	21	56	1
26	16-Jun	472	3	20	57	2
27	15-Jun	469	8	28	58	5
28	12-Jun	448	1	9	48	1
29	11-Jun	446	2	18	62	1
30	10-Jun	440	2	13	42	1
31	9-Jun	452	1	15	53	1
32	8-Jun	452	3	23	47	1
33	5-Jun	451	1	10	42	1
34	4-Jun	455	5	24	42	2
35	3-Jun	439	3	23	48	1
36	2-Jun	443	2	15	47	1
37	1-Jun	443	1	18	49	1
38	29-May	448	3	23	59	2
39	27-May	461	4	22	45	2
40	26-May	471	11	30	21	2
41	25-May	463	3	13	60	2
42	22-May	454	2	16	54	1
43	21-May	459	13	22	58	7
44	20-May	453	6	22	61	4
45	19-May	449	5	17	60	3
46	18-May	440	4	16	57	2
47	15-May	446	7	21	46	3
48	14-May	444	5	22	54	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	2,652c	8c	0.31
22-Jul	2,660c	19c	0.72
21-Jul	2,680c	150c	5.92
17-Jul	2,530c	48L	0.02
16-Jul	2,530c	29c	1.15
15-Jul	2,502c	24L	0.01
14-Jul	2,502c	2c	0.08
13-Jul	2,500c	21c	0.83
10-Jul	2,479c	8c	0.30
09-Jul	2,472c	48c	1.98
08-Jul	2,424c	37c	1.56
07-Jul	2,386c	16c	0.66
06-Jul	2,371c	48c	2.08
02-Jul	2,322c	121c	5.48
01-Jul	2,202c	15c	0.66
30-Jun	2,187c	32c	1.44
29-Jun	2,219c	12c	0.52
26-Jun	2,231c	1c	0.06
25-Jun	2,232c	59c	2.71
24-Jun	2,173c	73c	3.47
23-Jun	2,100c	82c	3.75
22-Jun	2,182c	87c	3.84
19-Jun	2,269c	31c	1.40
18-Jun	2,238c	22c	0.96
17-Jun	2,260c	29c	1.24
16-Jun	2,288c	38c	1.67
15-Jun	2,250c	80c	3.69
12-Jun	2,170c	42c	1.97
11-Jun	2,128c	30c	1.39
10-Jun	2,158c	0	0

Stock Checklist

Price is above from 52 week high low average: 89%

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 10 fund scheme(s) across 4 fund house(s) as of Jul26 · Total value ₹326 Cr · 2 increasing / 4 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
HDFC Mutual Fund	2	0.37%	-0.03%	164.1
Tata Mutual Fund	2	0.69%	-	155.9
ICICI Prudential Mutual Fund	4	0.06%	+0.01%	5.6
Groww Mutual Fund	2	0.00%	-	0

MM Forgings Limited

Price Chart

Price Performance

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PIVOT LEVEL

Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

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