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MM Forgings Ltd

MM Forgings Ltd

MMFL Share Price

NSE
459.100.83% (-3.85)
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Iron & Steel

With a market cap of ₹2,216 cr, stock is ranked 1,108

Stock is 3.21x as volatile as Nifty

MMFL Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Iron & Steel

With a market cap of ₹2,216 cr, stock is ranked 1,108

Stock is 3.21x as volatile as Nifty

MMFL Performance & Key Metrics

MMFL Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
25.582.490.87%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
29.623.391.49%

MMFL Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 2 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

MMFL Company Profile

MM Forgings Limited is engaged in manufacturing steel forging. The Company is a manufacturer of automotive components.

MMFL Similar Stocks (Peers)

Compare with peers Compare with peers 

MMFL Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
88.16
88.16
1Y Return
29.71%
29.71%
Buy Reco %
65.52
65.52
PE Ratio
77.49
77.49
1Y Return
53.10%
53.10%
Buy Reco %
63.33
63.33
PE Ratio
45.02
45.02
1Y Return
44.34%
44.34%
Buy Reco %
77.78
77.78
PE Ratio
97.09
97.09
1Y Return
84.05%
84.05%
Buy Reco %
50.00
50.00
PE Ratio
28.86
28.86
1Y Return
56.36%
56.36%
Buy Reco %
23.08
23.08
Compare with Peers

MMFL Sentiment Analysis

MMFL Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

MMFL Stock Summary · February 2026

In Q3 FY '26, the company achieved an 11.3% year-over-year sales growth, bolstered by recovering export markets in the U.S. and Europe, despite facing declining gross margins due to rising power and labor costs. Management remains optimistic about margin recovery through strategic cost-cutting and an enhanced product mix, while also focusing on diversifying revenue streams, particularly in the passenger vehicle segment. The introduction of a new 16,500-ton press is expected to significantly boost production capabilities, although initial revenue contributions may be limited. Additionally, proactive measures in debt management and energy efficiency are anticipated to improve financial stability, even as competitive pressures in the domestic market persist. Overall, the company is well-positioned to leverage its export exposure and operational improvements for future growth.

MMFL Stock Growth Drivers
MMFL Stock Growth Drivers
8
  • Sales Growth and Market Recovery

    The company has achieved a year-over-year sales growth of 11.3% and a sequential increase of

  • Margin Recovery Initiatives

    Management has acknowledged a decline in gross margins due to changes in product and geographical

MMFL Stock Challenges
MMFL Stock Challenges
6
  • Declining Gross Margins

    The company has experienced a significant decline in gross margins, which have dropped by 5-10

  • Increased Finance Costs

    Finance costs have surged nearly 30% year-on-year in Q3 due to peak debt levels, offsetting

MMFL Forecast

MMFL Forecasts

Price

Revenue

Earnings

MMFL

MMFL

Income

Balance Sheet

Cash Flow

MMFL Income Statement

MMFL Income Statement

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Quartersep 2023dec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025
Total Revenue401.31404.27403.84387.73405.37377.64377.13369.40388.89416.87
Operating & Other expensessubtract322.11323.43319.96309.07321.31300.96297.76298.33318.40344.30
Depreciation/Amortizationsubtract20.7621.0120.2122.0123.0422.6525.5625.0824.1826.15
Interest & Other Itemssubtract8.7410.9413.2714.5416.1115.4913.6518.3021.2320.35
Taxes & Other Itemssubtract14.2515.3413.6112.0113.0012.006.868.508.508.50
EPS7.356.957.626.246.615.506.903.973.433.64

MMFL Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF
FY 2021FY 2021

Annual report

PDF
FY 2020FY 2020

Annual report

PDF
FY 2019FY 2019

Annual report

PDF
FY 2018FY 2018

Annual report

PDF
FY 2017FY 2017

Annual report

PDF

Investor Presentation

Nov 9PDF
FY 2016FY 2016

Annual report

PDF
 

MMFL Stock Peers

MMFL Past Performance & Peer Comparison

MMFL Past Performance & Peer Comparison

Comparing 3 stocks from 
MaterialsIron & Steel

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
MM Forgings Ltd18.192.490.87%
JSW Steel Ltd88.163.780.28%
Tata Steel Ltd77.492.901.69%
Jindal Steel Ltd45.022.670.16%

MMFL Stock Price Comparison

Compare MMFL with any stock or ETF
Compare MMFL with any stock or ETF
MMFL
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MMFL Holdings

MMFL Shareholdings

MMFL Promoter Holdings Trend

MMFL Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

MMFL Institutional Holdings Trend

MMFL Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

MMFL Shareholding Pattern

MMFL Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding56.34%7.38%1.17%1.74%33.38%

Mar 2025

Jun 2025

Sep 2025

Dec 2025

MMFL Shareholding History

MMFL Shareholding History

SepDec '24MarJunSepDec '253.41%3.75%3.09%1.80%1.76%1.74%

Mutual Funds Invested in MMFL

Mutual Funds Invested in MMFL

No mutual funds holding trends are available

Top 5 Mutual Funds holding MM Forgings Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
3.3033%0.31%0.07%47/133 (+3)
0.1515%0.11%0.07%47/53 (+1)
0.1282%0.04%0.01%118/119 (-7)

Compare 3-month MF holding change on Screener

MMFL Insider Trades & Bulk Stock Deals

MMFL Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing MMFL stock

smallcases containing MMFL stock

Looks like this stock is not in any smallcase yet.

MMFL Events

MMFL Events

MMFL Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MMFL has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.86%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.64 every year

Dividends

Corp. Actions

Announcements

Legal Orders

MMFL Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

MMFL has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.86%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.64 every year

MMFL Upcoming Dividends

MMFL Upcoming Dividends

No upcoming dividends are available

MMFL Past Dividends

MMFL Past Dividends

Cash Dividend

Ex DateEx DateJul 30, 2025

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jul 30, 2025

Cash Dividend

Ex DateEx DateJun 14, 2024

Interim
Interim | Div/Share: ₹8.00

Dividend/Share

8.00

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateMay 29, 2023

Interim
Interim | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

May 29, 2023

Cash Dividend

Ex DateEx DateJun 6, 2022

Interim
Interim | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Jun 6, 2022

Cash Dividend

Ex DateEx DateJul 1, 2021

Interim
Interim | Div/Share: ₹5.00

Dividend/Share

5.00

Ex DateEx Date

Jul 1, 2021

MMFL Stock News & Opinions

MMFL Stock News & Opinions

Earnings
M M Forgings consolidated net profit declines 33.82% in the December 2025 quarter

Net profit of M M Forgings declined 33.82% to Rs 17.57 crore in the quarter ended December 2025 as against Rs 26.55 crore during the previous quarter ended December 2024. Sales rose 10.67% to Rs 412.25 crore in the quarter ended December 2025 as against Rs 372.49 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales412.25372.49 11 OPM %16.8219.63 - PBDT52.2261.20 -15 PBT26.0738.55 -32 NP17.5726.55 -34 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
MM Forgings to declare Quarterly Results

MM Forgings will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Earnings
M M Forgings consolidated net profit declines 48.07% in the September 2025 quarter

Net profit of M M Forgings declined 48.07% to Rs 16.57 crore in the quarter ended September 2025 as against Rs 31.91 crore during the previous quarter ended September 2024. Sales declined 3.31% to Rs 377.83 crore in the quarter ended September 2025 as against Rs 390.76 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales377.83390.76 -3 OPM %17.6119.69 - PBDT49.2567.95 -28 PBT25.0744.92 -44 NP16.5731.91 -48 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
MM Forgings to table results

MM Forgings will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
M M Forgings consolidated net profit declines 36.27% in the June 2025 quarter

Net profit of M M Forgings declined 36.27% to Rs 19.19 crore in the quarter ended June 2025 as against Rs 30.11 crore during the previous quarter ended June 2024. Sales declined 6.30% to Rs 354.21 crore in the quarter ended June 2025 as against Rs 378.04 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales354.21378.04 -6 OPM %17.8819.34 - PBDT52.7664.13 -18 PBT27.6942.12 -34 NP19.1930.11 -36 Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
M M Forgings standalone net profit declines 31.11% in the June 2025 quarter

Net profit of M M Forgings declined 31.11% to Rs 22.34 crore in the quarter ended June 2025 as against Rs 32.43 crore during the previous quarter ended June 2024. Sales declined 6.31% to Rs 341.37 crore in the quarter ended June 2025 as against Rs 364.37 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales341.37364.37 -6 OPM %18.3219.63 - PBDT53.3463.88 -16 PBT30.8444.44 -31 NP22.3432.43 -31 Powered by Capital Market - Live

6 months agoCapital Market - Live
Corporate
MM Forgings schedules board meeting

MM Forgings will hold a meeting of the Board of Directors of the Company on 6 August 2025.Powered by Capital Market - Live

6 months agoCapital Market - Live
Spotlight
MM Forgings slides after Q4 PAT fall 10% YoY to Rs 33 cr

Revenue from operations slipped 6.85% year on year (YoY) to Rs 369.64 crore in the quarter ended 31 March 2025. Profit before tax dropped 40.13% to Rs 40.13 crore in Q4 FY25, compared to Rs 50.06 crore in Q4 FY24. EBITDA for the quarter ended 31 March 2025 was at Rs 79.36 crore, as against Rs 84.13 crore in the corresponding quarter of the previous year, representing a decrease of 5.66%. On full year basis, the company's consolidated net profit fell 9.76% to Rs 121.86 crore on 2.33% decrease in revenue to Rs 1,510.93 crore in FY25 over FY24. Vidyashankar Krishnan, chairman and managing director of MM Forgings, said, The global economy remains characterized by a complex and varied landscape. Multiple factors, including ongoing geopolitical tensions, widespread increases in insovereign debt, persistent inflationary pressures, extreme weather conditions, etc., continue to contribute to the uncertainty of the global economic outlook. The tariff/taxation of the US government is causing huge turmoil to global trade. The Indian automotive sector has faced a notable decline since Q2FY25, which is linked to a lackluster demand forecast across different segments within the domestic market. Despite the numerous challenges posed by the macro economic downturn and market stagnation, MM Forgings exhibited a consistent performance during F25 due to team effort and God's grace. The sustained focus on new product development and business strategies, including cost reduction initiatives and a focus on new markets has systematically benefitted the company during these volatile times and will continue to do so.' Meanwhile, the company's board has recommended a final dividend of Rs 4 per equity share, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The final dividend, if declared, shall be payable on or before 29 August 2025. MM Forgings is engaged in the manufacture of steel forgings. The company engages in automotive components. It manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of carbon, alloy, micro-alloy and stainless steels. Powered by Capital Market - Live

9 months agoCapital Market - Live
Corporate
MM Forgings to hold AGM

MM Forgings announced that the 79th Annual General Meeting(AGM) of the company will be held on 6 August 2025.Powered by Capital Market - Live

9 months agoCapital Market - Live
Corporate
Board of MM Forgings recommends final dividend

MM Forgings announced that the Board of Directors of the Company at its meeting held on 24 May 2025, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live

9 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of MM Forgings Ltd (MMFL) today?

    The share price of MMFL as on 27th February 2026 is ₹459.10. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on MM Forgings Ltd (MMFL) share?

    The past returns of MM Forgings Ltd (MMFL) share are
    • Past 1 week: -7.33%
    • Past 1 month: 22.41%
    • Past 3 months: 40.50%
    • Past 6 months: 43.81%
    • Past 1 year: 36.13%
    • Past 3 years: 10.69%
    • Past 5 years: 95.92%

  3. What are the peers or stocks similar to MM Forgings Ltd (MMFL)?

    The peers or stocks similar to MM Forgings Ltd (MMFL) include:

  4. What is the dividend yield % of MM Forgings Ltd (MMFL) share?

    The current dividend yield of MM Forgings Ltd (MMFL) is 0.87.

  5. What is the market cap of MM Forgings Ltd (MMFL) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of MM Forgings Ltd (MMFL) is ₹2216.61 Cr as of 27th February 2026.

  6. What is the 52 week high and low of MM Forgings Ltd (MMFL) share?

    The 52-week high of MM Forgings Ltd (MMFL) is ₹501.05 and the 52-week low is ₹288.10.

  7. What is the PE and PB ratio of MM Forgings Ltd (MMFL) stock?

    The P/E (price-to-earnings) ratio of MM Forgings Ltd (MMFL) is 18.19. The P/B (price-to-book) ratio is 2.49.

  8. Which sector does MM Forgings Ltd (MMFL) belong to?

    MM Forgings Ltd (MMFL) belongs to the Materials sector & Iron & Steel sub-sector.

  9. How to buy MM Forgings Ltd (MMFL) shares?

    You can directly buy MM Forgings Ltd (MMFL) shares on Tickertape. Simply sign up, connect your demat account and place your order.