M.M.Forgings Ltd.

BSE: MMFL522241ISIN INE227C01017

Consumer Discretionary
Auto Components & Equipments
BSE Consumer Discretionary

Share price

₹524.20+28.70 (+5.79%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

Splits and bonuses

16 Jul 2024 · Bonus 1:1

52W high: ₹690.10
52W low: ₹296.10
Off 52W high: -24.04%
1M return: -5.11%
3M return: -8.20%
6M return: +6.26%
1Y return: +69.53%
20D avg volume: 3,107
50 DMA: ₹576.75
200 DMA: ₹502.06

Key ratios Consolidated

Market cap: ₹2,531 Cr
Current price: ₹524.20
52W high / low: ₹690.10 / ₹296.10
Face value: ₹10.00
P/E: 14.95
P/B: 2.59
EPS (TTM): ₹35.07
Book value / share: ₹202.51
ROE: —
ROCE: 11.90%
Operating margin: —
Net margin: —
Debt / equity: 1.10
Net debt: ₹849.20 Cr
Interest cover: 2.47
Dividend yield: 0.76%
Dividend / share (TTM): ₹4.00
Payout: 11.41%
Cash conversion cycle: 129.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	409.90	429.65	413.64	384.93	361.64	370.64	374.09	398.26	382.19	397.49	398.75	396.65
	16.86	0.67	3.23	3.96	7.75	6.47	3.52	7.12	5.54	5.75	5.40	4.09
	426.76	430.33	416.87	388.89	369.40	377.11	377.61	405.38	387.74	403.24	404.15	400.73
	391.69	394.89	390.80	363.82	341.71	336.98	339.10	360.46	345.62	353.44	355.39	351.61
	171.10	153.09	164.04	158.52	161.91	141.15	146.32	191.86	181.50	195.97	196.07	200.43
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	51.35	42.75	46.78	46.79	40.43	39.78	40.55	42.42	39.43	41.52	36.31	36.84
	16.27	18.31	20.35	21.23	18.30	13.65	15.49	16.11	14.54	13.27	10.94	8.74
	29.88	27.71	26.15	24.18	25.07	25.56	22.65	23.04	22.01	20.21	21.01	20.76
	121.04	113.29	103.74	111.34	92.14	88.16	69.29	78.95	63.82	66.65	62.11	62.09
	35.07	35.44	26.07	25.07	27.69	40.13	38.51	44.92	42.12	49.81	48.77	49.12
	56.25	-0.04	0.00	0.00	0.00	0.02	0.04	0.00	0.00	0.60	0.00	0.58
	91.32	35.40	26.07	25.07	27.69	40.15	38.55	44.92	42.12	50.41	48.77	49.70
	0.90	-9.35	8.50	8.50	8.50	6.86	12.00	13.00	12.01	13.61	15.34	14.25
	90.42	44.74	17.57	16.57	19.19	33.29	26.55	31.91	30.11	36.80	33.42	35.45
	18.73	9.27	3.64	3.43	3.97	6.90	5.50	6.61	12.47	15.24	13.90	14.69
Key metrics
	137.47	81.42	72.57	70.48	71.06	79.36	76.69	84.07	78.67	83.89	80.72	79.20
	33.50%	19.00%	17.50%	18.30%	19.60%	21.40%	20.50%	21.10%	20.60%	21.10%	20.20%	20.00%
	22.10%	10.40%	4.20%	4.30%	5.30%	9.00%	7.10%	8.00%	7.90%	9.30%	8.40%	8.90%
	—	3.30%	—	2.80%	—	3.40%	—	—	—	—	—	—
	13.30%	15.90%	10.60%	-3.30%	-5.40%	-6.80%	-6.20%	0.40%	—	—	—	—
	371.20%	34.40%	-33.80%	-48.10%	-36.30%	-9.50%	-20.60%	-10.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,638	1,590	1,525	1,563	1,462	1,123
	24.72	15.61	22.64	20.49	12.04	30.90
	1,663	1,605	1,548	1,584	1,474	1,154
	1,541	1,491	1,382	1,396	1,297	1,026
	646.75	637.57	660.83	777.56	744.24	525.06
	0.00	0.00	0.00	—	—	—
	187.67	176.76	162.18	150.25	139.85	124.39
	76.16	78.20	59.79	42.56	29.57	27.73
	107.92	103.12	93.26	82.81	78.81	67.77
	449.41	420.51	405.07	255.35	236.75	206.66
	121.65	114.27	165.67	187.95	176.51	127.38
	56.21	0.55	0.06	1.30	0.45	1.47
	177.86	114.82	165.73	189.25	176.96	128.86
	8.55	16.16	43.87	54.45	49.01	17.85
	169.30	98.67	121.86	134.80	127.95	111.00
	35.07	20.44	25.24	55.84	53.00	45.98
Key metrics
	361.94	296.14	318.78	314.62	285.34	224.36
	22.09%	18.60%	20.90%	20.10%	19.50%	20.00%
	10.34%	6.20%	8.00%	8.60%	8.80%	9.90%
	—	11.90%	14.30%	—	—	—
	8.87%	4.20%	-2.40%	6.90%	30.20%	—
	52.61%	-19.00%	-9.60%	5.40%	15.30%	—
	—	229.69	183.45	—	—	—
	—	2.33	1.51	—	—	—
	—	1.10	1.18	—	—	—
	—	849.20	834.18	—	—	—
	—	129.7	128.5	—	—	—
Balance sheet
	—	2,524	2,370	—	—	—
	—	1,058	965.54	—	—	—
	—	224.56	217.20	—	—	—
	—	456.62	372.60	—	—	—
	—	334.06	341.69	—	—	—
	—	—	0.05	—	—	—
	—	1,101	964.46	—	—	—
	—	225.80	177.68	—	—	—
	—	900.00	791.55	—	—	—
	—	1,074	1,051	—	—	—
	—	477.61	447.52	—	—	—
	—	596.15	603.86	—	—	—
	—	978.13	892.44	—	—	—
Cash flow
	—	229.69	183.45	—	—	—
	—	-181.47	-358.21	—	—	—
	—	-40.71	182.89	—	—	—
	—	0.00	0.00	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	409.12	413.34	405.33	377.69	348.81	354.77	364.24	389.43	368.52	388.58	387.75	384.12
	17.90	3.57	5.46	6.80	9.10	8.29	5.90	8.48	6.88	7.19	6.74	5.13
	427.01	416.91	410.80	384.49	357.91	363.06	370.14	397.91	375.40	395.77	394.49	389.24
	390.70	378.20	376.54	358.28	327.07	320.17	326.47	348.98	330.96	344.13	341.09	338.37
	169.84	154.20	157.52	162.20	158.55	139.65	142.02	191.03	174.72	192.78	193.02	200.05
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	51.14	39.01	42.68	42.42	36.45	35.66	37.13	39.09	35.90	37.68	31.43	32.56
	16.27	18.31	20.35	21.23	18.30	15.16	15.49	16.11	14.54	13.27	10.86	8.66
	29.76	24.70	22.50	22.50	22.50	22.65	20.06	20.30	19.44	17.55	17.50	17.50
	120.87	108.49	99.94	107.20	88.57	83.57	66.33	75.69	60.53	66.81	60.74	59.86
	36.31	38.71	34.26	26.21	30.84	42.89	43.67	48.93	44.44	51.63	53.40	50.87
	56.25	-0.04	0.00	0.00	0.00	0.02	0.04	—	—	0.59	—	—
	92.56	38.67	34.26	26.21	30.84	42.91	43.71	48.93	44.44	52.22	53.40	50.87
	0.90	-9.39	8.50	8.50	8.50	6.67	12.00	13.00	12.01	13.60	15.50	14.25
	91.66	48.06	25.75	17.71	22.34	36.24	31.71	35.93	32.43	38.62	37.90	36.62
	18.98	9.95	5.33	3.67	4.63	7.51	6.57	7.44	13.43	16.00	15.75	15.17
Key metrics
	138.59	81.68	77.11	69.94	71.64	80.72	79.26	85.34	78.42	83.04	81.76	77.03
	33.90%	19.80%	19.00%	18.50%	20.50%	22.80%	21.80%	21.90%	21.30%	21.40%	21.10%	20.10%
	22.40%	11.60%	6.40%	4.70%	6.40%	10.20%	8.70%	9.20%	8.80%	9.90%	9.80%	9.50%
	—	3.40%	—	2.70%	—	3.00%	—	—	—	—	—	—
	17.30%	16.50%	11.30%	-3.00%	-5.30%	-8.70%	-6.10%	1.40%	—	—	—	—
	310.30%	32.60%	-18.80%	-50.70%	-31.10%	-6.20%	-16.30%	-1.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,605	1,545	1,477	1,527	1,409	1,088
	33.73	24.34	29.55	25.38	16.12	35.24
	1,639	1,570	1,507	1,552	1,425	1,123
	1,504	1,440	1,327	1,354	1,251	990.32
	643.76	632.47	647.42	773.87	734.36	522.81
	0.00	0.00	0.00	—	—	—
	175.25	160.56	147.78	136.14	126.52	112.73
	76.16	78.20	61.29	42.56	29.22	27.31
	99.46	92.20	82.45	72.49	67.60	60.11
	436.50	404.20	388.30	243.90	229.19	193.73
	135.49	129.42	179.92	198.72	174.84	132.89
	56.21	0.55	0.06	0.71	0.01	0.00
	191.70	129.97	179.98	199.43	174.85	132.90
	8.51	16.11	43.68	53.97	49.26	21.12
	183.18	113.86	136.30	145.46	125.59	111.77
	37.93	23.58	28.23	60.26	52.02	46.30
Key metrics
	367.32	300.37	323.72	314.48	271.67	220.32
	22.88%	19.40%	21.90%	20.60%	19.30%	20.30%
	11.41%	7.40%	9.20%	9.50%	8.90%	10.30%
	—	12.40%	12.30%	—	—	—
	10.17%	4.60%	-3.30%	8.40%	29.50%	—
	45.13%	-16.50%	-6.30%	15.80%	12.40%	—
	—	241.76	190.83	—	—	—
	—	2.12	1.40	—	—	—
	—	1.04	0.72	—	—	—
	—	851.24	453.27	—	—	—
	—	132.2	134.0	—	—	—
Balance sheet
	—	2,549	2,404	—	—	—
	—	997.90	997.77	—	—	—
	—	222.39	216.56	—	—	—
	—	437.97	407.52	—	—	—
	—	314.35	339.47	—	—	—
	—	—	0.00	—	—	—
	—	1,004	860.88	—	—	—
	—	193.13	204.56	—	—	—
	—	867.20	438.36	—	—	—
	—	1,074	669.83	—	—	—
	—	477.48	66.71	—	—	—
	—	596.15	603.12	—	—	—
	—	1,031	934.11	—	—	—
Cash flow
	—	241.76	190.83	—	—	—
	—	-155.97	-329.80	—	—	—
	—	-79.75	147.01	—	—	—
	—	0.00	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +3.12%
Sales CAGR 5Y: —
Profit CAGR 3Y: -3.22%
Profit CAGR 5Y: —
Sales YoY (TTM): +10.17%
Profit YoY (TTM): +45.13%

Consolidated

Sales CAGR 3Y: +2.84%
Sales CAGR 5Y: —
Profit CAGR 3Y: -8.30%
Profit CAGR 5Y: —
Sales YoY (TTM): +8.87%
Profit YoY (TTM): +52.61%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 56.33%

Quarter	30 Sep 2026	September 2026	June 2026
Promoter %	56.33%	56.33%	56.33%

Holder	Type	Holding	Previous	Change
SYNMAX CONSULTANTS & TRADING PRIVATE LIMITED	Promoter	24.01%	24.01%	0.00%
KRISHNAN VIDYA SHANKAR	Promoter	11.27%	11.27%	0.00%
K VENKATRAMANAN	Promoter	10.71%	10.71%	0.00%
SIVASUNDAR PRIVATE LIMITED	Promoter	3.88%	3.88%	0.00%
HDFC MUTUAL FUND - HDFC AGGRESSIVE HYBRID FUND	Public	3.74%	3.74%	0.00%
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	3.26%	3.26%	0.00%
S LAKSHMAN	Promoter Group	3.08%	3.08%	0.00%
LAKSHMI RAMACHANDRAN	Promoter Group	2.35%	2.35%	0.00%
SRINIVASAN V	Public	1.75%	1.75%	0.00%
CHINMAY G PARIKH	Public	1.37%	1.37%	0.00%
CATAMARAN VENTURES LLP	Public	1.02%	1.02%	0.00%
R SUBRAMONIAN	Promoter	0.64%	0.64%	0.00%
AJAY SHANKAR RAMACHANDRAN	Promoter Group	0.22%	0.22%	0.00%
SUMITA VIDYASHANKAR	Promoter	0.14%	0.14%	0.00%
VIJAY SUNDAR RAMACHANDRAN	Promoter Group	0.03%	0.03%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Samvardhana Motherson International Limited	1,69,717	159.25	36.90	10.90%	+14.02% TTM	+24.64% TTM	+52.47%
Bosch Ltd	1,49,840	50,800.00	63.41	24.30%	+13.63% TTM	-11.32% TTM	+34.19%
Bharat Forge Ltd	88,694	1,815.00	123.94	15.80%	+17.54% TTM	-30.02% TTM	+37.06%
UNO Minda Limited	69,117	1,196.90	53.56	17.90%	+18.80% TTM	+15.35% TTM	-4.40%
Sona BLW Precision Forgings Limited	55,766	892.00	75.38	13.30%	+43.07% TTM	+21.75% TTM	+84.45%
Schaeffler India Limited	54,886	3,511.50	41.79	—	—	—	-15.20%
Tube Investments of India Ltd	43,747	2,260.00	39.45	12.80%	+17.62% TTM	+6.56% TTM	-24.44%
Endurance Technologies Limited	35,086	2,494.30	34.50	16.30%	+31.99% TTM	+15.15% TTM	-14.03%
Dhoot Transmission Limited	33,444	1,635.00	—	—	—	—	—
Exide Industries Ltd.	31,131	366.25	29.64	8.90%	+13.46% TTM	+32.16% TTM	-3.52%
Craftsman Automation Limited	27,927	10,677.90	52.97	14.20%	+35.85% TTM	+119.55% TTM	+56.36%
Sansera Engineering Limited	27,648	4,429.55	78.72	13.60%	+23.49% TTM	+52.89% TTM	+189.79%
Motherson Sumi Wiring India Limited S	26,009	39.22	38.08	35.50%	+35.93% TTM	+11.75% TTM	-16.50%
Asahi India Glass Ltd.	25,070	983.40	45.71	10.80%	+19.75% TTM	+46.40% TTM	+2.72%
Gabriel India Ltd.	24,678	1,392.40	75.53	22.80%	+24.12% TTM	+38.28% TTM	+10.16%
ZF Commercial Vehicle Control Systems India Limited	24,345	2,139.15	48.76	18.50%	+9.03% TTM	+3.22% TTM	+0.07%
Sundram Fasteners Ltd.	22,794	1,084.75	35.98	18.20%	+17.24% TTM	+13.95% TTM	+12.64%
BELRISE INDUSTRIES LIMITED	21,253	219.75	41.93	14.70%	—	—	+51.19%
SPR Auto Technologies Limited	19,750	4,257.65	33.20	18.00%	+46.79% TTM	+8.24% TTM	+57.73%
Tenneco Clean Air India Limited	18,753	464.65	31.18	64.30%	—	—	—
Minda Corporation Limited	16,202	677.70	29.06	15.10%	+32.84% TTM	+108.97% TTM	+14.51%
Lumax Auto Technologies Ltd.	14,306	2,099.00	33.99	24.70%	+32.82% TTM	+57.49% TTM	+75.07%
SEDEMAC MECHATRONICS LIMITED S	13,737	3,106.75	—	31.00%	—	—	—
Amara Raja Energy & Mobility Limited	13,341	728.90	16.72	14.40%	+15.67% TTM	-11.47% TTM	-26.41%
CIE Automotive India Limited	13,295	350.45	14.25	—	+12.44% TTM	+15.35% TTM	-18.90%
M.M.Forgings Ltd.	2,531	524.20	14.95	11.90%	+8.87% TTM	+52.61% TTM	+69.53%

Filings & corporate actions

Recent announcements

MM Forgings Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Board Meeting for consideration ....29 Oct 2026 · Board Meeting / Board Meeting
Certificate under SEBI DIP Regulations for quarter ended September 30, 2026.6 Oct 2026 · Company Update / General
Trading window for trading in equity shares of MM Forgings Limited shall be closed for Designated Persons of the Company for the period from 1st October 2026 till 48 hours from the date ....26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
we are intimating the proposed investor group call scheduled on 15 September 202610 Sep 2026 · Company Update / Analyst / Investor Meet
Earnings Call Transcript for Q1 FY 2721 Aug 2026 · Company Update / Earnings Call Transcript
We are submitting the Q1 FY 2027 investor presentation.18 Aug 2026 · Company Update / Investor Presentation
We are submitting the audio recording for the investors meeting for Q1FY27 financial results18 Aug 2026 · Company Update / Analyst / Investor Meet
publication of newspaper for Q1FY 27 results17 Aug 2026 · Company Update / Newspaper Publication
Clarification on the Unaudited standalone and consolidated Financial Results for Q1FY2715 Aug 2026 · Company Update / General
Appointment of Company Secretary and Compliance Officer14 Aug 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Resignation of Company Secretary and Compliance Officer14 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
We are submitting the unaudited financial results for the quarter ended 30 June 202614 Aug 2026 · Result / Financial Results
We are submitting the outcome of Board Meeting held on 14 August 202614 Aug 2026 · Board Meeting / Outcome of Board Meeting
This is to inform you that earnings conference call for investors and analysts as organized by 360 One Capital Market Research has been scheduled on Monday, 17 August 2026 at 15:30 Hours ....11 Aug 2026 · Company Update / Analyst / Investor Meet
We are submitting the voting results and scrutinizer report of the 80th AGM held on Saturday, 08 August 2026 through Video Conferencing (VC)/ other Audio-Visual Means (OAVM)10 Aug 2026 · AGM/EGM / AGM
We are submitting the Outcome of 80th AGM proceedings held on Saturday, 08 August 2026 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)8 Aug 2026 · AGM/EGM / AGM
The Board Meeting to be held on 07/08/2026 has been revised to 14/08/2026 The Board Meeting to be held on 07/08/2026 has been revised to 14/08/20263 Aug 2026 · Company Update / Board Meeting Rescheduled
MM Forgings Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/08/2026 ,inter alia, to consider and approve the unaudited financial results for Q1FY2721 Jul 2026 · Board Meeting / Board Meeting
We are submitting a copy of newspaper publication in respect of intimation of 80th Annual General meeting of the Company scheduled on Saturday, 08 August 202620 Jul 2026 · Company Update / Newspaper Publication
We are submitting the Notice of 80th Annual General Meeting of the Company scheduled on Saturday, 08 August 2026 at 3 p.m. (IST)17 Jul 2026 · AGM/EGM / AGM
We are submitting the Business Responsibility and Sustainability Report for FY2617 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
We are enclosing the 80th Annual Report of the Company along with the Notice of the Annual General Meeting of the shareholders scheduled on 08 August 2026.17 Jul 2026 · Others / Reg. 34 (1) Annual Report
Intimation of Newspaper publication in connection with date of Annual General Meeting of the Company17 Jul 2026 · Company Update / Newspaper Publication
Intimation of 80th Annual General Meeting of the Company scheduled on Saturday, 08 August 2026 at 3.00 p.m. (IST).16 Jul 2026 · AGM/EGM / AGM
Intimation of the amendment in Schedule V of the MOA pursuant to Honourable NCLT order in respect of amalgamation of (consolidation of Authorized Share Capital) of DVS Industries Private ....10 Jul 2026 · Company Update / Amendments to Memorandum & Articles of Association
Intimation of receipt of Certified true copy of order and the effective date in respect of amalgamation of DVS Industries Private Limited, wholly owned subsidiary of the Company with the Company.9 Jul 2026 · Company Update / Scheme of Arrangement
We are submitting the Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations for quarter ended 30 June 20268 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pronouncement of the Order by the Hon''ble National Company Law Tribunal, Chennai Bench, approving and allowing the petition of scheme of amalgamation of DVS Industries private Limited, ....30 Jun 2026 · Company Update / Scheme of Arrangement
Intimation of Closure Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication30 May 2026 · Company Update / Newspaper Publication
Investor Presentation - Q4FY26 and FY2628 May 2026 · Company Update / Investor Presentation
The Board of Directors at their meeting held today approved the interim dividend of Rs. 4/- per share with record date of 12 June 202627 May 2026 · Corp. Action / Record Date
The Board of Directors at their meeting held today, 27 May 2026 approves Interim dividend of Rs. 4/- per share.27 May 2026 · Corp. Action / Dividend
We are submitting the financial results for the quarter and year ended 31 March 202627 May 2026 · Result / Financial Results
Outcome of the Board Meeting 27 May 202627 May 2026 · Board Meeting / Outcome of Board Meeting
Board to consider dividend.24 May 2026 · Corp. Action / Dividend
MM Forgings Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve Update on board meeting24 May 2026 · Board Meeting / Board Meeting
MM Forgings Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve audited financial results for FY2624 May 2026 · Board Meeting / Board Meeting
Intimation of Participation in Investor Conference23 May 2026 · Company Update / Analyst / Investor Meet
We are submitting the Newspaper Publication in connection with Intimation to the Investors to update their KYC and other particulars as a part of IEPF second 100 Days Campaign and opening ....30 Apr 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 4.0000	12 Jun 2026	12 Jun 2026	—
Final Dividend - Rs. - 4.0000	30 Jul 2025	30 Jul 2025	—
Bonus issue 1:1	16 Jul 2024	16 Jul 2024	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
14 Aug 2026 Board Meeting - Financial Results
7 Aug 2026 Board Meeting - Financial Results