How has been the historical performance of MM Forgings?

Nov 14 2025 11:45 PM IST

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MM Forgings has shown fluctuating net sales, reaching 1,525.18 Cr in Mar'25, with operating profit increasing to 318.73 Cr, but profit before tax declined to 165.68 Cr. Despite challenges in profitability, the company has significantly increased its total assets and improved cash flow from operations, indicating a positive operational trajectory.

Answer:

The historical performance of MM Forgings shows a fluctuating trend in net sales and profitability over the years, with net sales reaching 1,525.18 Cr in Mar'25, a slight decrease from 1,563.07 Cr in Mar'24, but an increase from 1,461.88 Cr in Mar'23. The total operating income followed a similar pattern, peaking at 1,525.18 Cr in Mar'25. The operating profit (PBDIT) also demonstrated growth, reaching 318.73 Cr in Mar'25, up from 313.33 Cr in Mar'24 and 284.89 Cr in Mar'23. However, profit before tax saw a decline to 165.68 Cr in Mar'25 from 187.95 Cr in Mar'24, while profit after tax was 121.81 Cr in Mar'25, down from 133.49 Cr in Mar'24. The company's total assets increased significantly to 2,348.97 Cr in Mar'25 from 1,969.01 Cr in Mar'24, indicating growth in its asset base. Total liabilities also rose to 2,348.97 Cr in Mar'25, up from 1,969.01 Cr in Mar'24, reflecting increased borrowings, which stood at 1,185.24 Cr in Mar'25 compared to 930.84 Cr in Mar'24. Cash flow from operating activities improved to 181.00 Cr in Mar'25 from 148.00 Cr in Mar'24, while net cash inflow was 8.00 Cr in Mar'25, a recovery from the outflow of 6.00 Cr in Mar'24.

Breakdown:
MM Forgings has shown a mixed performance over the years, with net sales fluctuating but ultimately increasing from 751.93 Cr in Mar'21 to 1,525.18 Cr in Mar'25. Operating profit has generally trended upward, reaching 318.73 Cr in Mar'25, while profit before tax peaked at 187.95 Cr in Mar'24 before declining to 165.68 Cr in Mar'25. The company's total assets have significantly increased, indicating growth, with total liabilities also rising due to higher borrowings. Cash flow from operating activities has improved, reflecting better operational efficiency, while the net cash position turned positive in Mar'25 after previous outflows. Overall, while MM Forgings has faced challenges in profitability, its asset growth and cash flow improvements suggest a positive trajectory in its operational capabilities.

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