Is MM Forgings overvalued or undervalued?

As of July 3, 2023, MM Forgings is considered fairly valued with a PE ratio of 15.21 and has underperformed the Sensex with a return of -34.84%, suggesting it may be undervalued compared to peers like Bharat Forge and CIE Automotive.

As of 3 July 2023, the valuation grade for MM Forgings has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered fairly valued. Key ratios include a PE ratio of 15.21, an EV to EBITDA of 9.08, and a ROE of 13.66%. <BR><BR>In comparison to peers, Bharat Forge has a significantly higher PE ratio of 59.98, while CIE Automotive, also attractive, has a PE of 21.15. This suggests that MM Forgings is priced more conservatively relative to its peers. Notably, the stock has underperformed relative to the Sensex over the past year, with a return of -34.84% compared to the Sensex's 7.60%, reinforcing the notion that the stock may be undervalued in the current market context.

Who are the top shareholders of the MM Forgings?

The top shareholders of MM Forgings include Synmax Consultants And Trading Pvt Ltd with 24.01%, mutual funds at 7.81% (led by HDFC Hybrid Equity Fund at 3.72%), and Foreign Institutional Investors holding 3.09%. There are no pledged promoter holdings.

The top shareholders of MM Forgings include the promoters, with Synmax Consultants And Trading Pvt Ltd holding the highest stake at 24.01%. Additionally, mutual funds collectively hold 7.81% of the company, with HDFC Mutual Fund - HDFC Hybrid Equity Fund being the largest public shareholder at 3.72%. Foreign Institutional Investors (FIIs) also have a presence, holding 3.09% through 36 different entities. There are no pledged promoter holdings reported.

how big is MM Forgings?

As of Jun 06, MM Forgings Ltd. has a market capitalization of 1,868.50 Cr and reported net sales of 1,525.17 Cr and a net profit of 121.86 Cr over the latest four quarters.

Market Cap: MM Forgings Ltd. has a market capitalization of 1,868.50 Cr and is classified as a Small Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The company reported a sum of Net Sales of 1,525.17 Cr and a sum of Net Profit of 121.86 Cr for the latest 4 quarters, which is Consolidated data.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar 24. The Shareholder's Funds are valued at 788.73 Cr, and the Total Assets amount to 1,967.95 Cr.

When is the next results date for MM Forgings?

No Upcoming Board Meetings

What does MM Forgings do?

MM Forgings Ltd. manufactures steel forgings for the auto components industry and has a market cap of Rs 1,849 Cr. Founded in 1946, it reported net sales of 371 Cr and a net profit of 33 Cr for March 2025.

Overview: <BR>MM Forgings Ltd. is engaged in the manufacture of steel forgings and operates within the auto components and equipment industry, classified as a small-cap company.<BR><BR>History: <BR>MM Forgings Ltd. was incorporated in 1946 and went public in 1975. The company, originally known as Madras Motors Private Limited, diversified into steel forging plants and adopted its current name on April 1, 1993. The latest reported quarterly results indicate net sales and profit for March 2025.<BR><BR>Financial Snapshot: <BR>- Net Sales: 371 Cr (Quarterly Results - Mar 2025) <BR>- Net Profit: 33 Cr (Quarterly Results - Mar 2025) <BR>- Market Cap: Rs 1,849 Cr (Small Cap) <BR><BR>Key Metrics: <BR>- P/E: 15.00 <BR>- Industry P/E: 33 <BR>- Dividend Yield: 1.08% <BR>- Debt Equity: 0.93 <BR>- Return on Equity: 13.66% <BR>- Price to Book: 2.00 <BR><BR>Contact Details: <BR>Address: SVK Tower A/24/25 Guindy, Thiru Vi Ka Industrial Estate Chennai Tamil Nadu : 600032 <BR>Tel: 91-44-71601000 <BR>Email: mmforge@mmforgings.com <BR>Website: http://www.mmforgings.com

What is the bonus history of the MM Forgings?

MM Forgings has issued bonus shares multiple times, with the most recent 1:1 bonus announced for July 16, 2024. Previous bonuses were also 1:1, issued on July 18, 2018, and September 26, 2008, demonstrating the company's commitment to rewarding shareholders.

MM Forgings has a history of issuing bonus shares on several occasions. The most recent bonus issue was a 1:1 bonus announced with an ex-date of July 16, 2024. Prior to that, the company issued a 1:1 bonus on July 18, 2018, and another 1:1 bonus on September 26, 2008. Each of these bonus issues reflects the company's practice of rewarding its shareholders.

Has MM Forgings declared dividend?

Yes, MM Forgings Ltd. has declared an 80% dividend, amounting to ₹8 per share, with an ex-date of June 14, 2024. While recent total returns have been negative, longer-term performance shows significant growth potential.

MM Forgings Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 80%<BR>- Amount per share: 8<BR>- Ex-date: 14 Jun 24<BR><BR>Dividend Yield: 1.08%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -29.89%, with a dividend return of 0%, resulting in a total return of -29.89%.<BR><BR>Over the past year, the price return was -34.66%, with a dividend return of 1.32%, leading to a total return of -33.34%.<BR><BR>In the 2-year period, the price return was -11.13%, while the dividend return was 1.83%, culminating in a total return of -9.3%.<BR><BR>For the 3-year period, the price return was -13.87%, with a dividend return of 3.44%, resulting in a total return of -10.43%.<BR><BR>In the last 4 years, the price return was 47.65%, accompanied by a dividend return of 7.25%, yielding a total return of 54.9%.<BR><BR>Over the 5-year period, the price return was 330.58%, with a dividend return of 27.00%, leading to a total return of 357.58%.<BR><BR>Overall, MM Forgings has declared a substantial dividend, but the total returns over various periods show significant volatility, particularly in the short term, with negative returns in the recent past. However, the longer-term returns indicate a strong recovery and growth potential.

Who are the peers of the MM Forgings?

MM Forgings' peers include Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Divgi Torq, Uniparts India, India Nipp.Elec., and Igarashi Motors. Bosch leads in 1-year returns at 4.37%, while MM Forgings has the lowest at -38.50%.

Peers: The peers of MM Forgings are Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Divgi Torq, Uniparts India, India Nipp.Elec., and Igarashi Motors.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bosch, Schaeffler India, Bharat Forge, Tube Investments, and Divgi Torq, while Average management risk is found at Samvardh. Mothe., MM Forgings, Uniparts India, India Nipp.Elec., Igarashi Motors, and Alicon Cast. Growth is rated as Excellent for Samvardh. Mothe., Schaeffler India, and Tube Investments, while Below Average growth is noted for MM Forgings, Divgi Torq, Uniparts India, India Nipp.Elec., Igarashi Motors, and Alicon Cast. Capital Structure is Excellent for Bosch, Schaeffler India, Tube Investments, and Divgi Torq, while Average capital structure is seen at MM Forgings, Bharat Forge, Igarashi Motors, and Alicon Cast.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bosch at 4.37%, while the peer with the lowest is MM Forgings at -38.50%. MM Forgings' 1-year return is significantly lower than all its peers. Additionally, the six-month return is negative for Samvardh. Mothe., Tube Investments, Divgi Torq, MM Forgings, Uniparts India, Igarashi Motors, and Alicon Cast.

Who are in the management team of MM Forgings?

As of March 2023, the management team of MM Forgings includes Chairman N Srinivasan, Vice Chairman Vidyashankar Krishnan, Joint Managing Director K Venkatramanan, and several independent directors, totaling ten key members.

As of March 2023, the management team of MM Forgings includes the following individuals:<BR><BR>1. N Srinivasan - Chairman & Independent Director<BR>2. V Vaidyanathan - Independent Director<BR>3. Vidyashankar Krishnan - Vice Chairman & Managing Director<BR>4. K Venkatramanan - Joint Managing Director<BR>5. A Gopalakrishnan - Independent Director<BR>6. Kavitha Vijay - Independent Director<BR>7. Sumita Vidyashankar - Director<BR>8. Chandrasekar. S - Company Secretary & Compliance Officer<BR>9. Shankar Athreya - Independent Director<BR>10. Hari Sankaran - Independent Director<BR><BR>As of March 2023, the management team of MM Forgings comprises a diverse group of directors and executives, including independent directors and key management personnel.

Are MM Forgings latest results good or bad?

MM Forgings' latest results are disappointing, with a 44.2% decline in Profit Before Tax and a 5.2% drop in net sales compared to previous quarters, indicating challenges in cost management and operational efficiency.

MM Forgings has reported disappointing financial results for the quarter ending June 2025. Key metrics indicate a significant decline in performance compared to previous periods. Profit Before Tax (PBT) fell by 44.2%, landing at Rs 19.94 crore, while Profit After Tax (PAT) decreased by 37.0% to Rs 19.19 crore. <BR><BR>Net sales also saw a downturn, reaching Rs 361.65 crore, which is 5.2% lower than the average of the previous four quarters. Additionally, interest expenses surged by 34.07% to Rs 18.30 crore, reflecting increased borrowing costs. The operating profit margin dropped to 17.51%, the lowest in five quarters, indicating a decline in operational efficiency. Earnings per share (EPS) also decreased to Rs 3.97, further emphasizing the company's struggles.<BR><BR>Overall, these results suggest that MM Forgings is facing challenges in managing costs and maintaining profitability, raising concerns about its operational efficiency.

How has been the historical performance of MM Forgings?

MM Forgings has experienced fluctuating financial performance, with net sales decreasing to 1,525.18 Cr in March 2025 from 1,563.07 Cr in March 2024, while total assets and liabilities rose significantly. Despite a slight increase in operating profit, both profit before tax and profit after tax declined, indicating challenges in profitability.

Answer:<BR>The historical performance of MM Forgings shows a fluctuating trend in net sales and profits over the years, with a net sales figure of 1,525.18 Cr in March 2025, down from 1,563.07 Cr in March 2024, but up from 1,461.88 Cr in March 2023. The total operating income followed a similar pattern, reaching 1,525.18 Cr in March 2025. The company experienced an increase in total expenditure, which was 1,229.10 Cr in March 2025, compared to 1,270.23 Cr in March 2024. Operating profit (PBDIT) slightly increased to 318.73 Cr in March 2025 from 313.33 Cr in March 2024, while profit before tax decreased to 165.68 Cr in March 2025 from 187.95 Cr in March 2024. Profit after tax also saw a decline to 121.81 Cr in March 2025 from 133.49 Cr in March 2024. The earnings per share (EPS) decreased to 25.24 in March 2025 from 27.92 in March 2024. <BR><BR>In terms of assets and liabilities, total assets rose to 2,348.97 Cr in March 2025 from 1,969.01 Cr in March 2024, while total liabilities also increased to 2,348.97 Cr in March 2025 from 1,969.01 Cr in March 2024. The company's total debt rose to 1,185.24 Cr in March 2025 from 930.84 Cr in March 2024. Cash flow from operating activities improved to 181.00 Cr in March 2025 from 148.00 Cr in March 2024, while cash flow from investing activities worsened to -358.00 Cr in March 2025 from -232.00 Cr in March 2024. The net cash inflow was 8.00 Cr in March 2025, compared to a net outflow of -6.00 Cr in March 2024.<BR><BR>Breakdown:<BR>MM Forgings has shown a mixed performance over the years, with net sales peaking at 1,563.07 Cr in March 2024 before declining to 1,525.18 Cr in March 2025. The total operating income mirrored this trend, while total expenditure increased to 1,229.10 Cr in March 2025. Operating profit (PBDIT) saw a slight rise, indicating stable operational efficiency, but profit before tax and profit after tax both decreased in March 2025 compared to the previous year. The company's total assets and liabilities both grew significantly, reflecting an increase in financial commitments and investments. Cash flow from operating activities improved, suggesting better cash management, although cash flow from investing activities deteriorated, indicating higher capital expenditures. Overall, while MM Forgings has faced challenges in profitability, its asset base and operational cash flow show resilience.

Should I buy, sell or hold MM Forgings?

Is MM Forgings technically bullish or bearish?

As of December 3, 2025, MM Forgings shows a neutral technical stance with mixed signals, indicating a shift from mildly bearish to sideways, as weekly indicators are mildly bullish while monthly indicators remain bearish.

As of 3 December 2025, the technical trend for MM Forgings has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed signals across different indicators. The weekly MACD and KST are mildly bullish, while the monthly MACD and KST are bearish. The Bollinger Bands show a bullish signal on the weekly chart but mildly bearish on the monthly. Daily moving averages indicate a mildly bearish trend. The Dow Theory supports a mildly bullish stance on both weekly and monthly time frames. Overall, the strength of the current trend is weak, with no strong bullish or bearish signals.

Why is MM Forgings falling/rising?

As of 14-Dec, MM Forgings Ltd. is seeing a slight stock price increase to 359.80, following two days of decline, but has a year-to-date drop of -23.43% and a -33.38% decline over the past year. Despite recent short-term gains, long-term performance issues and declining investor confidence suggest limited potential for sustained growth.

As of 14-Dec, MM Forgings Ltd. is experiencing a slight rise in its stock price, currently at 359.80, reflecting an increase of 1.3 (0.36%). This upward movement comes after the stock gained following two consecutive days of decline, indicating a potential trend reversal. Over the past week, the stock has outperformed the benchmark Sensex, showing a return of +2.32% compared to the Sensex's -0.52%. <BR><BR>Despite this recent uptick, the stock has faced significant challenges over the longer term. Year-to-date, it has declined by -23.43%, and over the past year, it has fallen by -33.38%, which is a stark contrast to the Sensex's positive return of +9.12% during the same period. The company has also reported negative results for the last six consecutive quarters, with a notable drop in profit before tax (PBT) and profit after tax (PAT) compared to previous quarters.<BR><BR>Additionally, there has been a decline in investor participation, as evidenced by a significant drop in delivery volume, which fell by -67.31% against the five-day average. While the stock is trading above its moving averages, indicating some short-term strength, the overall long-term performance and recent negative financial results suggest that the stock's rise may be limited. Thus, while there is a current rise in price, it is set against a backdrop of substantial long-term underperformance and declining investor confidence.

Which are the latest news on MM Forgings?