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M M Forgings Ltd share Price

Company details

6M Return 0.23%
1Y Return 5.95%
Mkt Cap.(Cr) 2,129.24
Volume 17,976
Div Yield 0.68%
OI Chg %
Volume 17,976

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About The Stock

    MM Forgings (MMF) is a prominent forging player serving India, Europe and US markets (FY22 geographical mix – domestic ~46%, exports ~54%).

    • FY22 segment mix – CV 85%, PV 10%, Others 5%
    • FY22 capacity utilisation at ~61%, capacity to surpass 1.2 lakh tonne in FY23

    MMF reported healthy Q4FY22 results.

    • Standalone revenue was at ₹ 313.6 crore up 10% QoQ
    • EBITDA margins were at 17.8%, down 160 bps QoQ, amid ~85 bps QoQ gross margin decline as well as higher overhead costs
    • Consequent PAT de-grew ~6% sequentially to ₹ 29.2 crore
    • Guides for 80,000-90,000 tonnage in FY23E vs. ~62,000 tonnage in FY22

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Investment recommendation
Call Date
07 Jun 2022
Entry Price 890.00
Target Price 1,250.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

M M Forgings Ltd Stocks COMPARISION


Equity Capital: 673.01 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,500.03 -6,885.48
LAST 3M 36,702.89 2,100.69
LAST 6M 45,999.05 152,168.44
LAST 12M 133,371.71 158,810.39

M M Forgings Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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.

Registered Address

SVK Tower A/24/25 Guindy, Thiru Vi Ka Industrial Estate, Chennai, Tamil Nadu, 600032

Tel : 91-44-71601000
Email : mmforge:mmforgings.com
Website : http://www.mmforgings.com

Cameo Corporate Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 522241
Book Closure Date (Month) :
BSE Group : B
ISIN : INE227C01017

FAQ’s on M M Forgings Ltd Shares

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 Sep 25, 2023 02:29 PM the closing price of M M Forgings Ltd was ₹ 882.00.

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 Sep 25, 2023 02:29 PM, the market cap of M M Forgings Ltd stood at ₹ 2,129.24.

The latest PE ratio of M M Forgings Ltd as of Sep 25, 2023 02:29 PM is 16.71

The latest PB ratio of M M Forgings Ltd as of Sep 25, 2023 02:29 PM is 0.31

The 52-week high of M M Forgings Ltd is ₹ 1,099.00 while the 52-week low is ₹ 730.00

According to analyst recommendations, M M Forgings Ltd has a “Buy” rating for the long term.

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