MM Forgings Ltd-$
MM Forgings Ltd-$ (MMFL) last reported results for the quarter ended Jun 2026, with sales of ₹420 crore and net profit of ₹90 crore. The stock last traded at ₹552, a market capitalisation of ₹2,657 crore, on a P/E of 23.6. Over the past 52 weeks the stock has ranged between ₹276 and ₹690. Figures are as of 9 Oct 2026 and are not real time.
MM Forgings Ltd-$ share price and key metrics
- Current price
- ₹552
- Market cap
- ₹2,657 cr
- Stock P/E
- 23.6
- Book value
- ₹202
- ROE
- 10.5%
- ROCE
- 8.97%
- Dividend yield
- 0.72%
- 52w high / low
- 690/276
Metrics as of 9 Oct 2026. Not real time.
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MM Forgings Ltd-$ growth and returns
- 10 Years
- %
- 5 Years
- 16%
- 3 Years
- 3%
- TTM
- 10%
- 10 Years
- %
- 5 Years
- 17%
- 3 Years
- -8%
- TTM
- 1%
- 10 Years
- 17%
- 5 Years
- 6%
- 3 Years
- 8%
- 1 Year
- 78%
- 10 Years
- %
- 5 Years
- 16%
- 3 Years
- 14%
- Last Year
- 10%
MM Forgings Ltd-$ quarterly results
In the quarter ended Jun 2026, sales were ₹420 cr, up 16.0% from ₹362 cr a year earlier. Net profit was ₹90 cr, up 373.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 398 | 374 | 371 | 362 | 385 | 414 | 430 | 420 |
| Expenses | 321 | 301 | 298 | 298 | 318 | 344 | 349 | 346 |
| Operating profit | 77 | 73 | 73 | 63 | 67 | 69 | 81 | 75 |
| OPM % | 19% | 20% | 20% | 18% | 17% | 17% | 19% | 18% |
| Other income | 7 | 4 | 6 | 8 | 4 | 3 | 1 | 63 |
| Interest | 16 | 15 | 14 | 18 | 21 | 20 | 18 | 16 |
| Depreciation | 23 | 23 | 26 | 25 | 24 | 26 | 28 | 30 |
| Profit before tax | 45 | 39 | 40 | 28 | 25 | 26 | 35 | 91 |
| Tax % | 29% | 31% | 17% | 31% | 34% | 33% | -26% | 1% |
| Net profit | 32 | 27 | 33 | 19 | 17 | 18 | 45 | 90 |
| EPS (₹) | 6.61 | 5.50 | 6.89 | 3.97 | 3.43 | 3.64 | 9.27 | 18.73 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
MM Forgings Ltd-$ annual results
| ₹ crore | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 158 | 639 | 934 | 769 | 752 | 1,140 | 1,462 | 1,563 | 1,525 | 1,590 | 1,649 |
| Operating profit | 23 | 130 | 175 | 132 | 129 | 209 | 273 | 293 | 296 | 280 | 292 |
| OPM % | 14% | 20% | 19% | 17% | 17% | 18% | 19% | 19% | 19% | 18% | 18% |
| Net profit | 10 | 61 | 66 | 42 | 46 | 91 | 128 | 135 | 123 | 99 | 169 |
| EPS (₹) | 2.16 | 12.57 | 13.56 | 8.68 | 9.54 | 18.84 | 26.49 | 27.96 | 25.52 | 20.44 | 35.07 |
TTM is the trailing twelve months to the most recent quarter.
MM Forgings Ltd-$ balance sheet
| ₹ crore | Mar 2010 | 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 | 92 | 351 | 403 | 431 | 463 | 535 | 649 | 765 | 845 | 927 |
| Borrowings | 114 | 385 | 688 | 566 | 532 | 685 | 756 | 931 | 1,185 | 1,235 |
| Other liabilities | 24 | 90 | 103 | 113 | 230 | 170 | 232 | 249 | 271 | 286 |
| Total liabilities | 242 | 838 | 1,218 | 1,134 | 1,250 | 1,414 | 1,661 | 1,969 | 2,350 | 2,496 |
| Fixed assets | 130 | 406 | 651 | 712 | 675 | 708 | 804 | 914 | 964 | 1,101 |
| CWIP | 22 | 27 | 39 | 13 | 17 | 36 | 63 | 124 | 383 | 335 |
| Investments | 0 | 3 | 3 | 3 | 3 | 22 | 22 | 23 | 4 | 10 |
| Other assets | 90 | 402 | 524 | 406 | 553 | 647 | 772 | 908 | 998 | 1,051 |
| Total assets | 242 | 838 | 1,218 | 1,134 | 1,250 | 1,414 | 1,661 | 1,969 | 2,350 | 2,496 |
As reported by the company. Total assets equal total liabilities by construction.
MM Forgings Ltd-$ cash flow
| ₹ crore | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 27 | 4 | 27 | 283 | 20 | 150 | 160 | 149 | 182 | 228 |
| Cash from investing | -15 | -86 | -301 | -78 | -11 | -126 | -187 | -232 | -358 | -182 |
| Cash from financing | -7 | 112 | 281 | -202 | 3 | 14 | 16 | 77 | 185 | -38 |
| Net cash flow | 5 | 30 | 8 | 3 | 12 | 39 | -10 | -6 | 8 | 8 |
| Free cash flow | 2 | -89 | -288 | 189 | -9 | 40 | -40 | -102 | -221 | 40 |
| CFO / operating profit | 125% | 18% | 30% | 221% | 20% | 85% | 74% | 62% | 81% | 87% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
MM Forgings Ltd-$ operating ratios
| Per year | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 9% | — | 14% | 9% | 8% | 14% | 15% | 15% | 12% | 9% |
| Debtor days | 67 | 36 | 35 | 10 | 56 | 50 | 49 | 64 | 85 | 96 |
| Inventory days | 151 | 178 | 168 | 140 | 190 | 147 | 163 | 176 | 188 | 171 |
| Days payable | 66 | 92 | 50 | 82 | 108 | 79 | 89 | 82 | 95 | 103 |
| Cash conversion cycle | 152 | 121 | 153 | 68 | 139 | 118 | 123 | 158 | 178 | 165 |
| Working capital days | 155 | -40 | -11 | -61 | 60 | -25 | -25 | -20 | -14 | -18 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
MM Forgings Ltd-$ shareholding pattern
Promoters held 56.33% at Jun 2026, broadly unchanged since Jun 2025. FIIs 2.44% and DIIs 7.49%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% |
| FIIs | 3.41% | 3.75% | 3.09% | 1.79% | 1.76% | 1.74% | 1.85% | 2.44% |
| DIIs | 10.50% | 9.85% | 8.92% | 8.33% | 8.31% | 8.55% | 8.38% | 7.49% |
| Public | 29.75% | 30.06% | 31.65% | 33.54% | 33.59% | 33.38% | 33.44% | 33.73% |
| No. of shareholders | 34,494 | 33,878 | 34,349 | 35,742 | 35,811 | 34,244 | 30,828 | 29,930 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
MM Forgings Ltd-$ corporate filings
- Compliance Certificate under SEBI DIP Regulations for quarter ended September 30, 2026, filed by MM Forgings Ltd.Company Updatelow impact
Cruxal's analysis: MM Forgings Ltd. has submitted the compliance certificate under SEBI Regulation 74(5) for…
Read the full analysis - Trading window for trading in equity shares of MM Forgings Limited shall be closed for Designated Persons of the Company for the period from 1st October 2026 till 48 hours from the date ....Insider Trading / SASTlow impact
- MM Forgings Ltd schedules investor group call for 15 September 2026Company Updatelow impact
Cruxal's analysis: MM Forgings Ltd has announced an investor group call scheduled to take place on 15…
Read the full analysis - MM Forgings Q1 FY27 Earnings Call: Strong Revenue Growth of 16% YoY with Focus on Machining Capacity ExpansionCompany Updatehigh impact
Cruxal's analysis: MM Forgings reported Q1 FY27 net sales of INR 427 crore, a 16% YoY increase from INR 369…
Read the full analysis - M M Forgings Q1FY27 Results: Strong Operational Growth Masked by One-Time Land Sale GainCompany Updatehigh impact
Cruxal's analysis: M M Forgings Limited reported Q1FY27 standalone revenue of 427.01 crore, a 16% YoY…
Read the full analysis - M M Forgings Limited Files Audio Recording of Q1 FY2027 Analyst/Investor Conference CallCompany Updatelow impact
Cruxal's analysis: M M Forgings Limited has submitted the audio recording of its analyst and investor…
Read the full analysis - M M Forgings Limited Reports Strong Q1 FY27 Results with 18.73 INR EPS and Significant Other Income BoostCompany Updatehigh impact
Cruxal's analysis: M M Forgings Limited reported a robust performance for the quarter ended 30 June 2026…
Read the full analysis - M M Forgings Limited clarifies 56.25 crore exceptional gain from land sale in Q1 FY27Company Updatemedium impact
Cruxal's analysis: M M Forgings Limited has formally clarified that the exceptional item of 56.25 crore…
Read the full analysis - M M Forgings Limited appoints S. Muthukrishnan as Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: M M Forgings Limited has announced the appointment of Shri. S. Muthukrishnan as the new…
Read the full analysis - M M Forgings Limited announces resignation of Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: M M Forgings Limited has formally announced the resignation of Shri. Chandrasekar S from…
Read the full analysis - M M Forgings reports Q1 FY27 results with significant exceptional gain and announces change in Company SecretaryBoard Meetinghigh impact
Cruxal's analysis: M M Forgings Limited reported standalone revenue from operations of 409.11 crore for the…
Read the full analysis - M M Forgings Limited schedules Q1 FY27 earnings conference call for 17 August 2026Company Updatelow impact
Cruxal's analysis: M M Forgings Limited has announced an earnings conference call to discuss its Q1 FY27…
Read the full analysis - M M Forgings Limited Announces Successful Conclusion of 80th Annual General Meeting and Voting ResultsAGM/EGMlow impact
Cruxal's analysis: M M Forgings Limited has successfully concluded its 80th Annual General Meeting held on…
Read the full analysis - M M Forgings Limited concludes 80th Annual General Meeting with all resolutions passedAGM/EGMlow impact
Cruxal's analysis: M M Forgings Limited has successfully concluded its 80th Annual General Meeting held on 8…
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