Trading IdeasFundamentals

MM Forgings Ltd

NSE: MMFL · Auto Components & Equipments · sector

₹486.05NSE close 2026-10-26

Key numbers

Market cap₹2,347 cr
Price₹486.05
52w high / low₹688 / ₹288
P/E13.9xSector median 24.3x
P/B2.4xSector median 3.3x
Book value₹202.5
Dividend yield0.82%Sector median 0.55%
ROE18.1%Sector median 14.0%
ROCE12.4%Sector median 15.8%
OPM20.6%Sector median 11.6%
Debt / equity1.10xSector median 0.28x
EV/EBITDA9.5xSector median 13.0x
Interest cover3.3x
Current ratio1.18x
Sales growth 3y+2.8%Sector median +9.0%
Profit growth 3y-8.3%Sector median +9.5%
PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 132 companies in Auto Components & Equipments (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹657.80 · low ₹299.15
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue398374371362385414430410
EBITDA77737363676981121
OPM %19.3%19.6%19.7%17.5%17.3%16.8%18.8%29.4%
Other income746843117
Net profit3227331917184590
EPS (₹)6.615.506.903.973.433.649.2718.73
Revenue YoY-3.3%+10.6%+15.9%+13.3%
Profit YoY-48.1%-33.8%+34.4%+371.2%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue1,1231,4621,5631,5251,5901,638
EBITDA193273294296281337
Net profit11112813512299169
EPS (₹)22.9926.5027.9225.2420.4435.07
Revenue growth+30.2%+6.9%-2.4%+4.2%+8.9%
Profit growth+15.3%+5.4%-9.6%-19.0%+52.6%
Dividend / share (₹)5.006.006.008.004.00
Compounded growth3 years5 yearsLast 12 months
Sales+2.8%+16.4%+8.9%
Net profit-8.3%+16.1%+52.6%
EPS-8.3%+16.1%–
Share price–-4.3% (2y)+62.0%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–673789892978
Borrowings–6548041,0511,074
Cash & equivalents–219210218225
Total assets–1,6641,9612,3702,524
Fixed assets–8049149641,101
Capital work in progress–63124383337
Investments–2223410
Receivables–202275373457
Inventory–316345342334
Payables–171160178226

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations151167131183230
Cash from investing-126-185-232-358-181
Cash from financing131194183-41
Capex00000
Free cash flow151167131183230

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–19.0%17.1%13.7%10.1%
ROCE %–15.6%14.6%11.6%9.4%
Debtor days–506489105
Inventory days–168176188171
Payable days–918198116
Cash conversion cycle (days)–127159179160
Working capital days–31294236

Shareholding

Holder% (2026-09-30)
Promoters56.34%
FIIs3.11%
DIIs7.41%
of which Mutual funds7.05%
Public (non-institutions)33.15%
QuarterDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters %56.34%56.34%56.34%56.34%56.34%56.34%56.34%56.34%
Promoter group%
Synmax Consultants & Trading Private Limited24.01%
Krishnan Vidya Shankar11.27%
K Venkatramanan10.71%
Sivasundar Private Limited3.88%
S Lakshman3.08%
Lakshmi Ramachandran2.35%
R Subramonian0.64%
Ajay Shankar Ramachandran0.22%
Sumita Vidyashankar0.14%
Vijay Sundar Ramachandran0.03%
Sandhya Vidyashankar0.00%
Public holders above 1%%
HDFC Mutual Fund - HDFC Aggressive Hybrid Fund3.74%
Tata Mutual Fund - Tata Small CAP Fund3.26%
Srinivasan V1.75%
Chinmay G Parikh1.37%
Catamaran Ventures LLP1.02%

27,945 shareholders. Pledged: 0.00% of promoter shares.

Peers in Auto Components & Equipments

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
MOTHERSON₹1,62,274 cr37.0x4.0x11.6%12.9%9.3%+17.0%0.44%
BOSCHLTD₹1,32,455 cr56.0x8.9x16.5%21.7%13.4%+10.3%1.14%
BHARATFORG₹82,736 cr117.2x8.7x7.5%10.0%14.0%+9.2%0.46%
UNOMINDA₹61,747 cr51.3x9.0x19.1%16.6%10.9%+20.5%0.27%
SCHAEFFLER₹54,960 cr43.9x8.9x21.6%27.8%18.2%––
SONACOMS₹48,637 cr69.8x8.1x12.0%15.2%23.6%+18.7%0.41%
TIINDIA₹40,369 cr66.5x5.2x9.1%23.6%9.2%+15.2%0.42%
ENDURANCE₹31,415 cr32.4x4.6x15.4%16.7%13.1%+18.4%0.45%
EXIDEIND₹28,636 cr30.7x2.1x6.7%9.7%10.3%+6.1%0.60%
MMFL₹2,347 cr13.9x2.4x18.1%12.4%20.6%+2.8%0.82%

All 132 companies in Auto Components & Equipments →

Dividends & corporate actions

Ex-dateActionDetail
2026-06-12DividendInterim Dividend - Rs 4 Per Share
2025-07-30DividendDividend - Rs 4 Per Share
2024-07-16BonusBonus 1:1
2024-06-14DividendInterim Dividend - Rs 8 Per Share
2023-05-29DividendInterim Dividend - Rs 6 Per Share
2022-06-06DividendInterim Dividend - Rs 6 Per Share
2021-09-03OtherAnnual General Meeting
2021-07-01DividendNterim Dividend - Rs 5 Per Share
2020-09-21OtherAnnual General Meeting
2020-03-19DividendInterim Dividend - Rs 5 Per Share
2019-08-21OtherAnnual General Meeting
2019-06-07DividendInterim Dividend - Rs 2.5 Per Share
2019-02-22OtherInterim Div - Rs 2.50 Per Share
2018-07-18BonusBonus 1:1
2018-06-07DividendInterim Dividend- Rs 5 Per Share
2017-12-05DividendInterim Dividend - Rs 5/- Per Share
2017-09-18OtherAnnual General Meeting
2017-06-01DividendInterim Dividend Re 1/- Per Share
2016-08-29DividendAnnual General Meeting/Interim Dividend - Rs 5/- Per Share
2016-03-21DividendInterim Dividend - Rs 3/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

SectorConsumer Discretionary
IndustryAuto Components & Equipments
Sub-industryAuto Components & Equipments
SymbolMMFL
BSE code522241
ISININE227C01017
Face value₹10.0
Incorporated1946-02-21
Websitewww.mmforgings.com
Plants (India / abroad)10 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.