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About M M Forgings Ltd
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Incorporated in 1946 Madras Motors Pvt Ltd, the company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The company changed to its present name, M M Forgings on 1 Apr.`93. It was promoted by S E Krishnan and S R Subramanian. The company manufactures carbon and alloy steel forgings -- with individual forging pieces weighing between 15 kg and 60 kg -- at its two forging units at Singampunari, Madurai district, and Viralimalai, Trichy district, (combined capacity : 15,000 tpa) both in Tamilnadu. The company`s products form important inputs for various critical components in the automobile, tractor, earth-moving, power, material handling, oil, railway and core engineering industries. The company`s clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 1994-95, the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. During 2001, the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras Ltd, The production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 2003-04.Machining capacity has also been substantially increased in line with changing customer demand.
M M Forgings share price as on 16 May 2025 is Rs. 360.75. Over the past 6 months, the M M Forgings share price has decreased by 17.99% and in the last one year, it has decreased by 68.33%. The 52-week low for M M Forgings share price was Rs. 303 and 52-week high was Rs. 1352.
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M M Forgings Ltd FAQs
You can buy M M Forgings Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy M M Forgings Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of May 16, 2025 09:39 AM the closing price of M M Forgings Ltd was Rs.360.75.
The latest PE ratio of M M Forgings Ltd as of May 16, 2025 09:39 AM is 13.93
The latest PB ratio of M M Forgings Ltd as of May 16, 2025 09:39 AM is 0.49
The 52-week high of M M Forgings Ltd share price is Rs. 1,352.00 while the 52-week low is Rs. 303.00
According to analyst recommendations, M M Forgings Ltd Share has a "Buy" rating for the long term.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of May 16, 2025 09:39 AM, the market cap of M M Forgings Ltd stood at Rs. 1,741.77 Cr.
Market Outlook
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