MM Forgings

Which are the latest news on MM Forgings?

Why is MM Forgings Ltd. falling/rising?

As of 19-Jun, MM Forgings Ltd. is experiencing a slight decline in its stock price to Rs 470.00, despite a strong year-to-date increase of 29.69%. The recent drop in delivery volume and underperformance against its sector are contributing factors to the current price decrease.

As of 19-Jun, MM Forgings Ltd. is experiencing a slight decline in its stock price, currently at Rs 470.00, which reflects a change of -0.95 (-0.2%). Despite this decrease, the stock has shown strong performance over various periods, including a year-to-date increase of 29.69%, significantly outperforming the Sensex, which has fallen by 9.88% during the same timeframe. <BR><BR>Today, the stock underperformed its sector by 1.4%, and while it reached an intraday high of Rs 481, it ultimately closed lower. Additionally, the stock is trading above its moving averages across multiple timeframes, indicating a generally positive trend. However, there is a notable decline in investor participation, with delivery volume dropping by 15.73% compared to the 5-day average, which may contribute to the current price decline. <BR><BR>Overall, while MM Forgings Ltd. has shown strong long-term performance, the recent drop in delivery volume and today's underperformance against its sector are likely influencing the current slight decrease in its stock price.

Should I buy, sell or hold MM Forgings Ltd.?

How big is MM Forgings?

As of 10th June, MM Forgings Ltd. has a market capitalization of 2,178.00 Cr, with recent net sales of 1,589.88 Cr and a net profit of 98.07 Cr. The company reported shareholder's funds of 891.28 Cr and total assets of 2,348.97 Cr for the latest annual period ending in March 2025.

As of 10th June, MM Forgings Ltd. has a market capitalization of 2,178.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest 4 quarters, MM Forgings reported Net Sales of 1,589.88 Cr and a Net Profit of 98.07 Cr.<BR><BR>For the latest annual period ending in March 2025, the company had Shareholder's Funds amounting to 891.28 Cr and Total Assets of 2,348.97 Cr.

Who are in the management team of MM Forgings?

The management team of MM Forgings includes Chairman N Srinivasan, Vice Chairman & Managing Director Vidyashankar Krishnan, Joint Managing Director K Venkatramanan, and several independent directors, overseeing the company's strategic direction and governance.

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>This team is responsible for the strategic direction and governance of the company.

Who are the peers of the MM Forgings?

MM Forgings' peers include Rane (Madras), Divgi Torq, Federal-Mogul Go, Rajratan Global, Talbros Auto, NDR Auto Compon., Rico Auto Inds, Frontier Springs, and Jay Bharat Maru. In terms of performance, Rico Auto Inds leads with a 1-year return of 54.52%, while MM Forgings has a return of 11.79%.

Peers: The peers of MM Forgings are Rane (Madras), Divgi Torq, Federal-Mogul Go, Rajratan Global, Talbros Auto., India Nipp.Elec., NDR Auto Compon., Rico Auto Inds, Frontier Springs, and Jay Bharat Maru.<BR><BR>Quality Snapshot: Excellent management risk is observed at NDR Auto Compon. and Frontier Springs, while Good management risk is found at Rajratan Global. Average management risk is present at Rane (Madras), Divgi Torq, Federal-Mogul Go, Talbros Auto., MM Forgings, India Nipp.Elec., Rico Auto Inds, and Jay Bharat Maru. For Growth, Excellent growth is seen at NDR Auto Compon. and Frontier Springs, while Good growth is noted at Federal-Mogul Go and Rico Auto Inds. Average growth is found at MM Forgings and India Nipp.Elec., and Below Average growth is observed at Divgi Torq, Rajratan Global, and Talbros Auto. In terms of Capital Structure, Excellent capital structure is present at Divgi Torq, Federal-Mogul Go, India Nipp.Elec., NDR Auto Compon., and Frontier Springs, while Good capital structure is found at Rajratan Global and Talbros Auto., and Average capital structure is seen at MM Forgings and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Rico Auto Inds at 54.52%, while the lowest is Federal-Mogul Go at -16.65%. MM Forgings has a 1-year return of 11.79%, which is higher than Federal-Mogul Go but lower than Rico Auto Inds. Additionally, NDR Auto Compon. has a negative six-month return of -3.72%.

What does MM Forgings do?

MM Forgings Ltd. manufactures steel forgings for the auto components industry and has a market cap of INR 2,178 Cr. As of March 2026, it reported net sales of 430 Cr and a net profit of 45 Cr.

Overview: <BR>MM Forgings Ltd. is engaged in the manufacture of steel forgings and operates within the auto components and equipment industry, categorized as a micro-cap company.<BR><BR>History: <BR>MM Forgings Limited was incorporated in 1946 and went public in 1975. The company, originally known as Madras Motors Private Limited, changed its name to MM Forgings on April 1, 1993. The latest reported quarterly results indicate net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 430 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 45 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 2,178 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 22.00 <BR>Industry P/E: 46 <BR>Dividend Yield: 0.88% <BR>Debt-Equity: 0.87 <BR>Return on Equity: 10.03% <BR>Price to Book: 2.23 <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

Are MM Forgings Ltd. latest results good or bad?

MM Forgings Ltd. reported a strong net profit increase of 154.64% and 15.93% revenue growth in Q4 FY26, but faced challenges with declining operating margins and a high debt-to-equity ratio, leading to mixed results overall. Investors may see positives in growth but should be cautious about profitability and leverage risks.

MM Forgings Ltd. has reported mixed results for Q4 FY26. On the positive side, the company saw a significant rebound in net profit, which rose by 154.64% quarter-on-quarter to ₹44.74 crores. This improvement is notable compared to the previous quarter's profit of ₹17.57 crores and reflects strong revenue growth of 15.93% year-on-year, reaching ₹429.66 crores.<BR><BR>However, there are concerns regarding profitability as the operating margin, excluding other income, contracted to 18.83% from 19.71% in the same quarter last year. This decline indicates ongoing cost pressures, particularly in raw materials and employee expenses, which are affecting the company's ability to maintain margins despite rising revenues.<BR><BR>Additionally, the company's return on equity (ROE) of 16.10% is above the peer average, suggesting effective use of shareholder capital, but it is accompanied by a high debt-to-equity ratio of 1.06. This elevated leverage poses risks, especially given the rising interest burden, which consumed a larger portion of operating profit.<BR><BR>In summary, while MM Forgings has shown strong revenue growth and a significant profit rebound, the contraction in operating margins and high debt levels highlight ongoing challenges. Investors may view the results as a mixed bag, with positive growth trends tempered by concerns over profitability and financial leverage.

Has MM Forgings Ltd. declared dividend?

Yes, MM Forgings Ltd. has declared a dividend of 40% (₹4 per share) with an ex-date of June 12, 2026. The company has shown varying total returns, with a notable 93.38% total return over the last 5 years.

MM Forgings Ltd. has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 40%<BR>- Amount per share: 4<BR>- Ex-date: 12 Jun 26<BR><BR>Dividend Yield: 0.87%.<BR><BR>Total Returns by Period:<BR>Over the last 3 months, the price return was -2.43%, the dividend return was 0.89%, resulting in a total return of -1.54%.<BR><BR>In the 6-month period, the price return was 36.87%, the dividend return was 1.22%, leading to a total return of 38.09%.<BR><BR>For the 1-year period, the price return was 19.76%, the dividend return was 2.23%, culminating in a total return of 21.99%.<BR><BR>Over the 2-year period, the price return was -29.48%, the dividend return was 2.63%, resulting in a total return of -26.85%.<BR><BR>In the 3-year period, the price return was 4.7%, the dividend return was 3.73%, leading to a total return of 8.43%.<BR><BR>For the 4-year period, the price return was 14.59%, the dividend return was 5.53%, resulting in a total return of 20.12%.<BR><BR>Finally, over the 5-year period, the price return was 83.48%, the dividend return was 9.90%, culminating in a total return of 93.38%.<BR><BR>Overall, MM Forgings Ltd. has declared a significant dividend and has shown varying total returns across different periods, with a notable positive trend in the longer-term returns, particularly over the last 5 years.

When is the next results date for MM Forgings Ltd.?

The next results date for MM Forgings Ltd. is 13 February 2026.

The next results date for MM Forgings Ltd. is scheduled for 13 February 2026.

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.

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.

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.

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.