MM Forgings Limited
Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments
Key metrics
Price as of 2026-07-17
Stock price
₹527.60
Market cap
2,547 Cr
Stock P/E
26.4
P/B
2.60
Dividend yield
0.8%
Sign in for full ratios and TTM. Learn about these metrics →
Share price
NSE closing price from historical market data.
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Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 370 Cr | 767 Cr | 1,166 Cr | 1,563 Cr | 382 Cr | 780 Cr | 374 Cr | 371 Cr | 362 Cr | 385 Cr | 414 Cr | 430 Cr |
| Operating expenses (approx.) | 299 Cr | 617 Cr | 935 Cr | 1,248 Cr | 304 Cr | 618 Cr | 297 Cr | 291 Cr | 291 Cr | 314 Cr | 341 Cr | 348 Cr |
| EBITDA | 71 Cr | 150 Cr | 231 Cr | 315 Cr | 79 Cr | 163 Cr | 77 Cr | 79 Cr | 71 Cr | 70 Cr | 73 Cr | 81 Cr |
| OPM % | 19.1% | 19.5% | 19.8% | 20.1% | 20.6% | 20.9% | 20.5% | 21.4% | 19.7% | 18.3% | 17.5% | 19.0% |
| Other income | 5 Cr | 9 Cr | 15 Cr | 20 Cr | 6 Cr | 13 Cr | 4 Cr | 6 Cr | 8 Cr | 4 Cr | 3 Cr | 0.67 Cr |
| Interest | 10 Cr | 18 Cr | 29 Cr | 43 Cr | 15 Cr | 31 Cr | 15 Cr | 14 Cr | 18 Cr | 21 Cr | 20 Cr | 18 Cr |
| Depreciation | 21 Cr | 42 Cr | 63 Cr | 83 Cr | 22 Cr | 45 Cr | 23 Cr | 26 Cr | 25 Cr | 24 Cr | 26 Cr | 28 Cr |
| Profit before tax | 40 Cr | 90 Cr | 139 Cr | 189 Cr | 42 Cr | 87 Cr | 39 Cr | 40 Cr | 28 Cr | 25 Cr | 26 Cr | 35 Cr |
| Tax % | 27.9% | 28.3% | 29.4% | 28.8% | 28.5% | 28.7% | 31.1% | 17.1% | 30.7% | 33.9% | 32.6% | -26.4% |
| Net profit | 29 Cr | 64 Cr | 98 Cr | 135 Cr | 30 Cr | 62 Cr | 27 Cr | 33 Cr | 19 Cr | 17 Cr | 18 Cr | 45 Cr |
| EPS (₹) | ₹12.01 | ₹26.70 | ₹40.59 | ₹55.84 | ₹12.47 | ₹12.85 | ₹5.50 | ₹6.90 | ₹3.97 | ₹3.43 | ₹3.64 | ₹9.27 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2019Standalone only | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 934 Cr | 769 Cr | 744 Cr | 1,123 Cr | 1,462 Cr | 1,563 Cr | 1,525 Cr | 1,590 Cr | Sign in for TTM |
| Operating expenses (approx.) | 739 Cr | 618 Cr | 597 Cr | 899 Cr | 1,189 Cr | 1,269 Cr | 1,206 Cr | 1,294 Cr | Sign in for TTM |
| EBITDA | 196 Cr | 151 Cr | 147 Cr | 224 Cr | 273 Cr | 294 Cr | 319 Cr | 296 Cr | Sign in for TTM |
| OPM % | 20.9% | 19.6% | 19.7% | 20.0% | 18.7% | 18.8% | 20.9% | 18.6% | Sign in for TTM |
| Other income | 16 Cr | 19 Cr | 18 Cr | 31 Cr | 12 Cr | 20 Cr | 23 Cr | 16 Cr | Sign in for TTM |
| Interest | 32 Cr | 38 Cr | 31 Cr | 28 Cr | 30 Cr | 43 Cr | 60 Cr | 78 Cr | Sign in for TTM |
| Depreciation | 58 Cr | 60 Cr | 63 Cr | 68 Cr | 79 Cr | 83 Cr | 93 Cr | 103 Cr | Sign in for TTM |
| Profit before tax | 106 Cr | 53 Cr | 52 Cr | 129 Cr | 177 Cr | 189 Cr | 166 Cr | 115 Cr | Sign in for TTM |
| Tax % | 25.7% | 21.1% | 10.5% | 13.9% | 27.7% | 28.8% | 26.5% | 14.1% | Sign in for TTM |
| Net profit | 79 Cr | 42 Cr | 47 Cr | 111 Cr | 128 Cr | 135 Cr | 122 Cr | 99 Cr | Sign in for TTM |
| EPS (₹) | ₹32.66 | ₹17.37 | ₹19.35 | ₹45.98 | ₹53.00 | ₹55.84 | ₹25.24 | ₹20.44 | Sign in for TTM |
| Dividend payout % | — | — | — | 13.1% | 11.3% | 10.7% | 15.8% | 19.6% | Sign in for TTM |
Sign in for TTM
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2019Standalone only | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 24 Cr | 24 Cr | 24 Cr | 24 Cr | 24 Cr | 24 Cr | 48 Cr | 48 Cr |
| Reserves | 0.0000 Cr | 433 Cr | 0.0000 Cr | 0.0000 Cr | 649 Cr | 765 Cr | 844 Cr | 978 Cr |
| Borrowings | 631 Cr | 491 Cr | 532 Cr | 591 Cr | 654 Cr | 804 Cr | 448 Cr | 478 Cr |
| Other liabilities | 150 Cr | 178 Cr | 230 Cr | 270 Cr | 336 Cr | 368 Cr | 1,030 Cr | 1,069 Cr |
| Total liabilities | 1,217 Cr | 1,140 Cr | 1,263 Cr | 1,439 Cr | 1,664 Cr | 1,961 Cr | 2,370 Cr | 2,524 Cr |
| Fixed assets (net) | 628 Cr | 662 Cr | 635 Cr | 686 Cr | 804 Cr | 914 Cr | 964 Cr | 1,101 Cr |
| CWIP | — | — | — | — | 63 Cr | 124 Cr | 383 Cr | 337 Cr |
| Investments | 5 Cr | 5 Cr | 5 Cr | 33 Cr | 22 Cr | 23 Cr | 4 Cr | 10 Cr |
| Other assets | 516 Cr | 363 Cr | 534 Cr | 645 Cr | 757 Cr | 902 Cr | 999 Cr | 1,100 Cr |
| Total assets | 1,217 Cr | 1,140 Cr | 1,263 Cr | 1,439 Cr | 1,664 Cr | 1,961 Cr | 2,370 Cr | 2,524 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2019Standalone only | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | — | — | — | 151 Cr | 167 Cr | 131 Cr | 183 Cr | 230 Cr |
| Cash from investing | — | — | — | -126 Cr | -185 Cr | -232 Cr | -358 Cr | -181 Cr |
| Cash from financing | — | — | — | 13 Cr | 11 Cr | 94 Cr | 183 Cr | -41 Cr |
| Net cash flow | — | — | — | 39 Cr | -8 Cr | -6 Cr | 8 Cr | 8 Cr |
| Free cash flow (OCF − Capex) | — | — | — | 151 Cr | 167 Cr | 131 Cr | 183 Cr | 230 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2019Standalone only | Mar 2020Standalone only | Mar 2021Standalone only | Mar 2022Standalone only | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | 570.1% | 20.0% | 345.5% | 648.6% | 14.6% | 13.3% | 16.8% | 13.3% |
| ROE % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 17.1% | 13.7% | 0.0% |
| Debtor days | 32 | 6 | 61 | 56 | 50 | 64 | — | — |
| Inventory days | 154 | 147 | 185 | 134 | 154 | 162 | 188 | 191 |
| Days payable | 39 | 80 | 108 | 82 | 83 | 75 | — | — |
| Cash conversion cycle | 147 | 74 | 139 | 108 | 121 | 151 | 188 | 191 |
| Debt / equity | 1.45 | 0.00 | 1.06 | 1.02 | 0.97 | 1.02 | 0.50 | 0.49 |
| Current ratio | 1.38 | 1.12 | 1.17 | 1.29 | 1.20 | 1.17 | 1.22 | 1.18 |
| Net debt / EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 1.60 | 2.02 | 0.72 | 0.85 |
Compare with peers
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