1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
MM Forgings Limited

MM Forgings Limited

487.35
INR
+0.10
(+0.02%)
23.42EPS
19.41P/E
21.95BMarket Cap
Nov 14Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
85.22
104.09
101.3
99.07
132.28
193.47
159.35
155.78
236.02
302.77
323.74
315.87
329.36
337.3
Basic EPS, GAAP
6.07
10.47
10.37
8.99
12.55
13.57
8.69
9.54
18.84
26.5
27.97
25.52
20.44
23.42
Free Cash Flow per Basic Share
-4.28
8.29
6.48
5.53
-2.82
5.59
58.59
4.21
31.15
33.2
30.79
37.61
47.16
- -
Dividend per Share
1.33
1.37
2.49
1.45
1.7
2.72
4.19
- -
2.5
3
3
4
4
- -
Book Value per Share
40.55
49.28
57.91
65.16
75.1
88.49
94.24
100.9
115.89
139.39
163.36
185.05
201.99
- -
Tangible Book Value per Share
40.55
49.28
57.91
65.16
75.1
88.49
93.69
100.35
115.34
138.84
162.81
184.5
201.44
- -
Basic Weighted Avg Shares
48
48
48
48
48
48
48
48
48
48
48
48
48
48
Sales/Revenue/Turnover
4,114
5,025
4,891
4,784
6,387
9,341
7,692
7,521
11,396
14,619
15,631
15,252
15,899
16,290
Operating Margin (%)
10.45
15
14.76
11.25
13.09
12.48
9.44
8.52
12.37
13.27
13.44
13.3
11.12
11.28
Depreciation Expense
360
354
358
389
420
581
596
646
678
788
828
933
1,031
1,079
Net Income, GAAP
293
505
501
434
606
655
419
461
910
1,280
1,350
1,232
987
1,131
Effective Tax Rate (%)
23.68
26.38
27.72
21.26
18.31
29.35
21.06
10.8
29.38
27.7
28.74
25.65
14.07
7.03
Profit Margin (%)
7.13
10.06
10.24
9.08
9.49
7.01
5.45
6.12
7.98
8.75
8.64
8.08
6.21
6.94
Working Capital
158
786
912
925
941
1,429
466
769
1,494
1,198
1,240
1,587
1,453
- -
LT Debt
348
829
985
1,084
1,683
3,963
3,347
2,973
3,500
3,315
3,870
6,039
5,962
- -
Total Equity
1,958
2,379
2,796
3,146
3,626
4,273
4,550
4,872
5,595
6,734
7,891
8,938
9,756
- -
Return on Invested Capital (%)
8.81
13.03
10.87
8.42
9.59
8.23
5.38
5.77
8.88
10.47
9.47
7.88
7.06
- -
Return on Capital (%)
10.58
14.78
12.18
9.94
11.14
9.43
6.76
7.32
9.77
11.17
10.49
8.83
7.73
- -
Return on Common Equity (%)
15.94
23.31
19.36
14.62
17.9
16.58
9.5
9.78
17.39
20.76
18.48
14.65
10.56
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6,392
- -
LT Borrowings
- -
5,962
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
17,507
17,939
21,951

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
10,197
- -
Cash, Cash Equivalents & STI
- -
2,255
- -
Accounts Receivable, Net
- -
4,185
- -
Inventories
- -
3,341
- -
Total Current Liabilities
- -
8,745
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,392
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.4%
14.96%
9.15%
Free Cash Flow
107.69%
137.23%
25.33%
Net Income, GAAP
12.32%
23.01%
-19.93%
Sales/Revenue/Turnover
14.63%
17.71%
4.24%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,780
3,908
3,725
3,696
15,252
2026
3,508
3,778
4,122
4,290
15,899
2027
4,099
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.24
6.61
5.5
6.55
25.52
2026
3.98
3.43
3.64
9.27
20.44
2027
7.08
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
4
2026
- -
- -
- -
- -
4
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Vidyashankar Krishnan
Full Time Employees
4,816
Sector
Producer manufacturing
Industry
Metal fabrication
Address
A24/25, SVK Towers Chennai TN India 600032
IPO Date
Sep 23, 1996
Website
mmforgings.com
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Business
M M Forgings Limited, along with its associated entities, specializes in the development, production, and distribution of steel forgings for a diverse range of applications. The company crafts these components in raw, semi-machined, and fully machined states, utilizing various grades of carbon, alloy, micro-alloy, and stainless steels. Its extensive product portfolio includes items such as axle beams, steering knuckles, crankshafts, gear blanks, and differential spiders. These high-quality parts primarily serve sectors including commercial vehicles, passenger cars, off-highway equipment, agricultural machinery, and high-pressure valves, catering to both domestic and international markets. Strategically, M M Forgings is expanding its capabilities to become a comprehensive component supplier and has made a notable foray into the electric vehicle (EV) segment. Through its subsidiary, Abhinava Rizel Private Limited, the company is actively developing and delivering advanced EV powertrain solutions, encompassing electric motors, gearboxes, and controllers for two-wheelers, three-wheelers, four-wheelers, and light commercial vehicles. The enterprise was established in 1946, initially as Madras Motors Limited, later adopting the M M Forgings Limited name in 1993, and maintains its headquarters in Chennai, India.