M M Forgings Share Price

469.80-1.60 (-0.34%)

Closed
As On: 19 Jun, 2026, 03:46 PM IST
As On: 19 Jun, 2026, 03:43 PM IST

Sector: Auto Ancillarie...
Industry: Auto Ancl - Others

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Open	466.95
High	481.90
Low	463.65
Prev Close	471.40
Volume	65,799
VWAP(₹)	473.36

Share Price	Value
Today/Current/Last	469.80469.25
Previous Day	471.40470.95

M M Forgings Share Recommendations

Mean recosCurrent

STRONG BUY

3 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	3	3	3	3
Buy	-	-	-	-
Hold	-	-	-	-
Sell	-	-	-	-
Strong Sell	-	-	-	-
# Analysts	3	3	3	3

Recent Recos

Target₹1200
OrganizationAnand Rathi
BUY

Target₹1200
OrganizationAnand Rathi
BUY

Target₹1007
OrganizationHDFC Securities
BUY

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News & Analysis

View all M M Forgings Share News & Announcements

Share Analysis

EARNINGS

FUNDAMENTAL

RELATIVE VALUATION

RISK

PRICE MOMENTUM

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Financials

Income (P&L)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	430.33	416.87	388.89	369.40	377.11
Total Income Growth (%)	3.23	7.20	5.28	-2.04	-0.13
Total Expenses	376.62	370.45	342.58	323.40	323.30
Total Expenses Growth (%)	1.66	8.14	5.93	0.03	-0.08
EBIT	53.71	46.42	46.31	45.99	53.80
EBIT Growth (%)	15.71	0.24	0.69	-14.52	-0.43
Profit after Tax (PAT)	44.74	17.57	16.57	19.19	37.29
PAT Growth (%)	154.66	6.00	-13.62	-48.55	40.47
EBIT Margin (%)	12.48	11.13	11.91	12.45	14.27
Net Profit Margin (%)	10.40	4.21	4.26	5.19	9.89
Basic EPS (₹)	9.27	3.64	3.43	3.97	6.90

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	416.91	410.79	384.49	357.91	363.06
Total Income Growth (%)	1.49	6.84	7.43	-1.42	-1.91
Total Expenses	359.93	356.19	337.04	308.76	304.99
Total Expenses Growth (%)	1.05	5.68	9.16	1.24	-1.92
EBIT	56.98	54.60	47.44	49.14	58.07
EBIT Growth (%)	4.36	15.09	-3.46	-15.37	-1.91
Profit after Tax (PAT)	48.06	25.75	17.71	22.34	36.24
PAT Growth (%)	86.60	45.42	-20.72	-38.35	14.28
EBIT Margin (%)	13.67	13.29	12.34	13.73	15.99
Net Profit Margin (%)	11.53	6.27	4.61	6.24	9.98
Basic EPS (₹)	9.95	5.33	3.67	4.63	7.51

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,605.49	1,547.83	1,583.55	1,473.92	1,153.86
Total Revenue Growth (%)	3.73	-2.26	7.44	27.74	43.47
Total Expenses	1,491.21	1,382.15	1,395.37	1,297.42	1,026.48
Total Expenses Growth (%)	7.89	-0.95	7.55	26.40	36.17
Profit after Tax (PAT)	98.67	121.86	135.04	127.94	91.00
PAT Growth (%)	-19.03	-9.76	5.55	40.60	94.82
Operating Profit Margin (%)	12.10	14.78	14.74	14.09	13.61
Net Profit Margin (%)	6.20	7.99	8.63	8.75	7.98
Basic EPS (₹)	20.44	25.24	55.94	53.00	37.69

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,569.50	1,506.51	1,552.46	1,425.40	1,123.22
Total Revenue Growth (%)	4.18	-2.96	8.91	26.90	50.32
Total Expenses	1,440.08	1,326.58	1,353.74	1,250.56	990.32
Total Expenses Growth (%)	8.56	-2.01	8.25	26.28	43.05
Profit after Tax (PAT)	113.86	136.30	145.46	125.59	91.76
PAT Growth (%)	-16.46	-6.30	15.82	36.87	96.88
Operating Profit Margin (%)	13.43	16.33	15.80	14.48	14.50
Net Profit Margin (%)	7.36	9.22	9.52	8.91	8.30
Basic EPS (₹)	23.58	28.23	60.26	52.02	38.01

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent 4.92% of its operating revenues towards interest expenses and 11.12% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

View Details

Balance Sheet

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	2,524.38	2,348.97	1,967.95	1,660.12	1,414.25
Total Assets Growth (%)	7.47	19.36	18.54	17.39	11.60
Total Liabilities	1,546.25	1,457.33	1,178.86	986.75	854.70
Total Liabilities Growth (%)	6.10	23.62	19.47	15.45	9.56
Total Equity	978.13	891.64	789.09	673.37	559.55
Total Equity Growth (%)	9.70	13.00	17.19	20.34	14.86
Current Ratio (x)	1.18	1.20	1.17	1.19	1.31
Total Debt to Equity (x)	1.10	1.18	1.03	0.97	1.07
Contingent Liabilities	0.00	-	-	-	8.08

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	2,548.52	2,383.64	1,995.93	1,670.14	1,439.14
Total Assets Growth (%)	6.92	19.43	19.51	16.05	13.95
Total Liabilities	1,517.42	1,450.33	1,179.61	981.40	861.51
Total Liabilities Growth (%)	4.63	22.95	20.20	13.92	12.97
Total Equity	1,031.09	933.31	816.33	688.74	577.64
Total Equity Growth (%)	10.48	14.33	18.53	19.23	15.44
Current Ratio (x)	1.15	1.20	1.17	1.20	1.29
Total Debt to Equity (x)	1.04	1.13	0.99	0.94	1.02
Contingent Liabilities	0.00	-	-	-	6.24

All figures in Rs Cr, unless mentioned otherwise

View Details

Cash Flows

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	229.69	181.62	131.24	169.24	151.27
Net Cash used in Investing Activities	-181.47	-358.21	-232.12	-187.17	-125.56
Net Cash flow from Financing Activities	-40.71	184.72	94.50	9.97	13.27
Net Cash Flow	7.50	8.13	-6.39	-7.97	38.99
Closing Cash & Cash Equivalent	7.50	217.94	209.26	218.05	226.01
Closing Cash & Cash Equivalent Growth (%)	-96.56	4.15	-4.03	-3.52	20.97
Total Debt/ CFO (x)	4.67	5.79	6.18	3.87	3.94

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	241.76	189.01	144.55	114.17	147.28
Net Cash used in Investing Activities	-155.97	-329.80	-201.28	-156.41	-126.01
Net Cash flow from Financing Activities	-79.75	148.84	63.07	22.98	16.71
Net Cash Flow	6.04	8.05	6.34	-19.27	37.98
Closing Cash & Cash Equivalent	223.33	217.29	208.70	204.74	224.01
Closing Cash & Cash Equivalent Growth (%)	2.78	4.12	1.93	-8.60	20.42
Total Debt/ CFO (x)	4.44	5.56	5.57	5.70	4.02

All figures in Rs Cr, unless mentioned otherwise

Insights

Decrease in Cash from Investing
Company has used Rs 181.47 cr for investing activities which is an YoY decrease of 49.34%. (Source: Consolidated Financials)

View Details

Ratios

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	10.09	13.67	17.12	19.01	16.26
Return on Capital Employed (%)	11.84	14.42	18.81	19.79	16.46
Return on Assets (%)	3.90	5.18	6.86	7.70	6.43
Interest Coverage Ratio (x)	3.78	5.33	7.40	9.64	8.04
Asset Turnover Ratio (x)	0.65	0.71	0.86	0.95	0.82
Price to Earnings (x)	18.08	13.50	15.60	15.72	22.47
Price to Book (x)	1.82	1.84	2.67	2.99	3.65
EV/EBITDA (x)	8.90	7.77	8.63	8.59	10.83
EBITDA Margin (%)	18.59	20.89	20.04	19.48	19.55

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	11.04	14.60	17.81	18.23	15.88
Return on Capital Employed (%)	12.34	15.01	19.21	19.25	16.65
Return on Assets (%)	4.46	5.71	7.28	7.51	6.37
Interest Coverage Ratio (x)	3.83	5.28	7.37	9.30	8.07
Asset Turnover Ratio (x)	0.63	0.67	0.83	0.91	0.82
Price to Earnings (x)	15.67	12.06	14.47	16.03	22.32
Price to Book (x)	1.73	1.76	2.58	2.92	3.54
EV/EBITDA (x)	8.78	7.65	8.60	9.04	10.94
EBITDA Margin (%)	19.40	21.91	20.54	19.27	19.94

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Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
M M Forgings	23.13	2.32	10.09	11.84	3.90	2.86	12.10	6.20	20.44	1.18	1.10	4.67
Jay Bharat Marut	13.14	2.64	20.06	15.21	7.62	2.85	7.48	5.38	12.90	0.85	0.63	2.23
Precision Camshaft	28.23	1.73	6.13	8.54	4.88	-9.43	9.68	6.63	5.40	3.82	0.05	0.36
Igarashi Motors	107.36	2.79	2.60	5.40	1.45	9.22	3.17	1.40	3.86	1.10	0.28	1.38
Bharat Seats	28.45	5.23	18.38	20.88	5.73	22.60	3.54	2.16	6.72	0.88	0.22	0.47
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Annual Ratios (%)

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Stock Performance

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TABLE

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NAME	1D	1W	1M	3M	1Y	3Y	5Y
M M Forgings Stock Performance	-0.34	5.73	-3.49	-1.33	29.07	7.44	89.26
Jay Bharat Marut Stock Performance	-1.88	96.10	79.68	62.86	141.70	133.99	166.76
Precision Camshaft Stock Performance	0.90	-2.61	-1.66	5.68	-10.17	-13.48	174.20
Igarashi Motors Stock Performance	5.02	4.21	22.56	12.81	-18.04	-1.57	-12.94
Bharat Seats Stock Performance	2.87	3.76	5.83	-9.04	82.62	0.00	0.00
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Category	No. of Shares	Percentage	% Change QoQ
Promoters	2,71,99,790	56.34 %	0.00
Pledge	0	0.00 %	0.00
FII	8,96,042	1.85 %	0.11
DII	40,42,701	8.38 %	-0.16
MF	34,74,967	7.20 %	-0.17
Others	1,61,43,067	33.42 %	0.06

Category	Mar 2026	Dec 2025	Sep 2025	Jun 2025
Promoters	56.34	56.34	56.34	56.34
Pledge	0.00	0.00	0.00	0.00
FII	1.85	1.74	1.76	1.79
DII	8.38	8.55	8.30	8.33
Mutual Funds	7.20	7.38	7.14	7.20
Others	33.42	33.36	33.59	33.53

Mutual Funds Ownership

MF Ownership as on 31 May 2026

HDFC Hybrid Equity Direct-G
Hybrid: Aggressive Hybrid
2
- 80.82
  Amount Invested (in Cr.)
- 0.37%
  % of AUM
- 0.00
  % Change (MoM basis)
Tata Small Cap Direct-G
Equity: Small Cap
2
- 70.61
  Amount Invested (in Cr.)
- 0.61%
  % of AUM
- 0.00
  % Change (MoM basis)
ICICI Pru Transportation and Logistics Direct-G
Equity: Sectoral-Auto & Transportation
- 1.80
  Amount Invested (in Cr.)
- 0.05836943%
  % of AUM
- -6.83
  % Change (MoM basis)

View all Mutual Fund Schemes

Corporate Actions

Recent
Interim Dividend
40%
May 27, 2026
Final
40%
May 27, 2026
Board Meeting
Audited Results & Dividend
May 25, 2026

Board Meetings

Announced on	Meeting on
May 25, 2026	May 27, 2026
Audited Results & Dividend
Mar 23, 2026	Mar 25, 2026
To consider Fund Raising
Feb 04, 2026	Feb 13, 2026
Quarterly Results
Nov 04, 2025	Nov 14, 2025
Quarterly Results
Jul 31, 2025	Aug 06, 2025
Quarterly Results

Dividends
Announced on Ex-Date Dividend%
May 27, 2026 Jun 12, 2026 40%
May 26, 2025 Jul 30, 2025 40%
May 29, 2024 Jun 14, 2024 80%
May 18, 2023 May 29, 2023 60%
May 27, 2026 - 40%

Announced on	Ex-Date	Dividend%
May 27, 2026	Jun 12, 2026	40%
May 26, 2025	Jul 30, 2025	40%
May 29, 2024	Jun 14, 2024	80%
May 18, 2023	May 29, 2023	60%
May 27, 2026	-	40%

Bonus

Announced on	Ex-Date
May 29, 2024	Jul 16, 2024
Bonus Ratio: 1 share(s) for every 1 shares held
May 28, 2018	Jul 18, 2018
Bonus Ratio: 1 share(s) for every 1 shares held
Jul 25, 2008	Sep 26, 2008
Bonus Ratio: 1 share(s) for every 1 shares held
Dec 13, 2004	Feb 16, 2005
Bonus Ratio: 1 share(s) for every 1 shares held

Splits
No Data Available
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
Apr 01, 2026 May 01, 2026
-
Mar 30, 2026 Apr 30, 2026
-
May 26, 2025 Aug 06, 2025
-
Apr 07, 2025 May 10, 2025
-
Jun 14, 2024 Jul 08, 2024
-

Announced on	Meeting on
Apr 01, 2026	May 01, 2026
-
Mar 30, 2026	Apr 30, 2026
-
May 26, 2025	Aug 06, 2025
-
Apr 07, 2025	May 10, 2025
-
Jun 14, 2024	Jul 08, 2024
-

About M M Forgings

M M Forgings Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 2,268.27 Crore) operating in Auto Ancillaries sector.

M M Forgings Ltd. key Products/Revenue Segments include Steel Forgings and Power Generation for the year ending 31-Mar-2025.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 430.33 Crore, up 3.23 % from last quarter Total Income of Rs 416.87 Crore and up 14.11 % from last year same quarter Total Income of Rs 377.11 Crore. Company has reported net profit after tax of Rs 44.74 Crore in latest quarter.

The company’s top management includes Mr.Vidyashankar Krishnan, Mr.K Venkatramanan, Mrs.Sumita Vidyashankar, Mr.Hari Sankaran, Mr.R Subramanian, Mrs.Rama Sivaraman, Mr.S Krishnakumar, Mr.Shankar Athreya, Mr.Krishnakumar Raman, Mr.Ramnath Nagarajan, Mr.R Venkatakrishnan, Mr.S Chandrasekar. Company has GRNK & Co. as its auditors. As on 31-03-2026, the company has a total of 4.83 Crore shares outstanding.

M M Forgings Share Price Today is Rs. 469.80. On previous day, the M M Forgings Share Price (NSE) closed at Rs. 471.4, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 56.34% of the stake in M M Forgings shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of M M Forgings stocks was 1.85% as compared to 1.74% in Dec 2025 with increase of 0.11%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 8.38% as compared to 8.55% in Dec 2025 with decrease of 0.17%. Out of the total DII holdings in M M Forgings shares 7.2% was held by mutual funds. The rest including public held is 33.43%. M M Forgings stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
M M Forgings Dividend: Ever since 1946, M M Forgings dividends has been paid out around 35 times. As on 19 Jun, 2026, 03:46 PM IST, The overall dividend yield for M M Forgings stands at 0.85%. The last dividend paid was on June 12, 2026 (Rs. 4.0). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 20.31.

M M Forgings Bonus: The most recent bonus issue had been in year July 16, 2024 around 1 years ago at 1 : 1 ratio. The first bonus issue was announced in Dec 2004.

Stock Forecast:
After showing 430.96 Cr. of sales and 3.38% of quarterly net profit, there have been multiple ups and downs in the M M Forgings stock prices in the past few weeks. For example, M M Forgings stock price on 12th of June 2026 was around Rs. 448.0. M M Forgings share price now stands at an average of Rs. 469.80. Judging by last week's performance, stock is in up trend.

M M Forgings has a median target price of Rs. 564.0 in 12 months by 3 analysts. They have provided a high estimate of Rs. 600.0 and low estimate of Rs. 514.0 for M M Forgings share.

Historical Prices and Performance:
M M Forgings, incorporated in 1946 is a Small Cap company (with a market cap of Rs. 2268.27) operating in Auto Ancillaries sector.
The Return of Equity (ROE) in last five financial years given by M M Forgings stock was 10.09%, 13.67%, 17.12%, 19.01% and 16.26% respectively.
The M M Forgings share gave a 3 year return of 7.77% as compared to Nifty 50 which gave a return of 28.03%.
M M Forgings announced 40.0% final dividend on June 12, 2026.

Key Metrics:
PE Ratio of M M Forgings is 23.21
Prices/Sales Ratio of M M Forgings is 1.12
Price/Book Ratio of M M Forgings is 2.33

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For M M Forgings, major competitors and peers include Jay Bharat Marut, Precision Camshaft, Igarashi Motors and Bharat Seats. As of Dec 2025, the dividend yield of M M Forgings stands at 0.85% while Jay Bharat Marut, Precision Camshaft, Igarashi Motors and Bharat Seats stand at 0.41%, 0.66%, 0.31% and 0.78% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 23.21 and 2.33 respectively.

Leadership of M M Forgings :
S Chandrasekar is Co. Secretary & Compl. Officer
R Venkatakrishnan is Chief Financial Officer
Vidyashankar Krishnan is Chairman & Managing Director
K Venkatramanan is Joint Managing Director
Sumita Vidyashankar is Non Executive Director
Ramnath Nagarajan is Director - Commercial
Krishnakumar Raman is Director - Operations
Rama Sivaraman is Independent Director
Shankar Athreya is Independent Director
S Krishnakumar is Independent Director
R Subramanian is Independent Director
Hari Sankaran is Independent Director

Industry

Auto Ancl - Others

Key Indices Listed On

BSE SmallCap, BSE Consumer Discretionary, BSE AllCap, BSE MidSmallCap

Address

�SVK Towers�,A25, 8th Floor, Industrial Estate,Guindy,Chennai (Madras), Tamil Nadu - 600032

Contact

mmforge@mmforgings.com

http://www.mmforgings.com

PE Ratio(x)	23.13
EPS - TTM(₹)	20.31
MCap(₹ Cr.)	2,268.27
MCap Rank	48
PB Ratio(x)	2.33
Div Yield(%)	0.85
Face Value(₹)	10.00
52W High(₹)	526.95
52W Low(₹)	288.10
MCap/Sales	1.12
Beta(1 Month)	1.32
BV/Share(₹)	202.59

PE Ratio(x)	23.10
EPS - TTM(₹)	20.31
MCap(₹ Cr.)	2,265.61
MCap Rank	48
PB Ratio(x)	2.34
Div Yield(%)	0.85
Face Value(₹)	10.00
52W High(₹)	525.85
52W Low(₹)	276.05
MCap/Sales	1.12
Beta(1 Month)	0.76
BV/Share(₹)	202.59

1 Day	-0.34%
1 Month	4.66%
3 Months	11.74%
1 Year	27.51%
3 Years	7.77%
5 Years	57.92%

1 Day	-0.36%
1 Month	4.01%
3 Months	10.86%
1 Year	27.57%
3 Years	7.56%
5 Years	58.79%

R1	-	Pivot -	S1	-
R2	-		S2	-
R3	-		S3	-

M M Forgings Share Price

Key Metrics