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MM Forgings Limited (MMFL.NS)
INR520.50
+4.20 (+0.81%)
IN NSE Industrials Manufacturing - Metal Fabrication
Address
A24/25, SVK Towers 600032
Chennai, KL, IN
Chennai, KL, IN
CEO
Vidyashankar Krishnan
Website
mmforgings.com
IPO
2006-12-20
ISIN INE227C01017
Also trades on
Bombay Stock Exchange · MMFL.BO (INR)
National Stock Exchange of India · MMFL.NS (INR)
Description
M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also provides yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
INR520.50
+4.20 (+0.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
95.4K
Beta
0.81
Float Shares
18.80M
Free Float %
38.9%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.88% | -2.70% | -9.48% | -2.52% | +36.84% | +23.43% | +22.00% | +5.80% | +87.38% | +298.85% | +1,879.43% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
520.50
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.79
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Manufacturing - Metal Fabrication: +10.4%+4.2% Q1'26: +15.9% (vs Q1'25)
-
EPS growth Manufacturing - Metal Fabrication: +16.7%-19.1% Q1'26: +34.3% (vs Q1'25)
-
FCF margin FCF growth · Manufacturing - Metal Fabrication: +40.8%+2.7% Q1'26: -11.0% (vs Q1'25)
-
EBIT margin Manufacturing - Metal Fabrication: +8.3%+11.1% ★ Q1'26: +12.4% (vs Q1'25)
-
ROIC Manufacturing - Metal Fabrication: +6.2%+8.3% ★ Q1'26: +11.6% (vs Q1'25)
-
Share dilution Manufacturing - Metal Fabrication: +0.0%-0.4% ★ Q1'26: +0.2% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Manufacturing - Metal Fabrication: 0.46×3.84× Q1'26: 3.32× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Mar 2015 actual |
Mar 2016 actual |
Mar 2017 actual |
Mar 2018 actual |
Mar 2019 actual |
Mar 2020 actual |
Mar 2021 actual |
Mar 2022 actual |
Mar 2023 actual |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 3 Rev. Ana. 3 EPS Ana. |
Mar 2027 3 Rev. Ana. 3 EPS Ana. |
Mar 2028 2 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
5.03B
est: 5.03B (0.0%)
|
5.02B
est: 5.06B (-0.8%)
|
4.78B
est: 4.99B (-4.1%)
|
6.39B
est: 5.76B (+10.9%)
|
9.34B
est: 9.25B (+1.0%)
|
7.69B
est: 7.44B (+3.4%)
|
7.52B
est: 6.53B (+15.2%)
|
11.40B
est: 11.05B (+3.1%)
|
14.62B
est: 13.87B (+5.4%)
|
15.63B
est: 15.48B (+1.0%)
|
15.25B
est: 15.30B (-0.3%)
|
15.16B
14.54B – 15.53B
-0.9% YoY
|
18.01B
17.81B – 18.20B
+18.8% YoY
|
20.46B
19.88B – 21.05B
+13.6% YoY
|
| EBITDA |
1.11B
est: 978.65M (+13.2%)
|
1.08B
est: 965.48M (+11.9%)
|
927.52M
est: 956.81M (-3.1%)
|
1.30B
est: 1.16B (+12.1%)
|
1.75B
est: 1.90B (-8.0%)
|
1.32B
est: 1.04B (+27.0%)
|
1.29B
est: 638.11M (+101.6%)
|
2.24B
est: 748.42M (+199.8%)
|
2.85B
est: 750.86M (+280.0%)
|
3.15B
est: 3.83B (-17.8%)
|
3.19B
est: 2.99B (+6.5%)
|
2.97B
2.85B – 3.04B
-0.9% YoY
|
3.52B
3.48B – 3.56B
+18.8% YoY
|
4.00B
3.89B – 4.12B
+13.6% YoY
|
| EBIT |
753.97M
est: 663.58M (+13.6%)
|
722.05M
est: 748.21M (-3.5%)
|
650.90M
est: 676.13M (-3.7%)
|
876.67M
est: 655.75M (+33.7%)
|
1.17B
est: 1.20B (-3.2%)
|
726.24M
est: 950.15M (-23.6%)
|
640.78M
est: 624.93M (+2.5%)
|
1.57B
est: 732.96M (+113.6%)
|
2.07B
est: 735.36M (+180.9%)
|
2.32B
est: 3.27B (-29.1%)
|
2.25B
est: 2.10B (+7.4%)
|
2.08B
2.00B – 2.13B
-0.9% YoY
|
2.47B
2.44B – 2.50B
+18.8% YoY
|
2.81B
2.73B – 2.89B
+13.6% YoY
|
| Net Income |
505.48M
est: 509.48M (-0.8%)
|
500.88M
est: 501.62M (-0.1%)
|
434.22M
est: 469.03M (-7.4%)
|
605.96M
est: 529.04M (+14.5%)
|
788.40M
est: 968.19M (-18.6%)
|
419.22M
est: 612.52M (-31.6%)
|
460.59M
est: 358.93M (+28.3%)
|
909.95M
est: 420.98M (+116.1%)
|
1.28B
est: 422.36M (+202.9%)
|
1.35B
est: 1.48B (-9.0%)
|
1.22B
est: 1.41B (-13.7%)
|
927.40M
828.51M – 988.84M
-34.3% YoY
|
1.34B
1.18B – 1.47B
+44.9% YoY
|
1.98B
1.89B – 2.08B
+47.5% YoY
|
| SGA |
201.85M
est: 316.62M (-36.2%)
|
179.24M
est: 950.53M (-81.1%)
|
294.22M
est: 868.37M (-66.1%)
|
383.94M
est: 1.26B (-69.6%)
|
432.22M
est: 2.18B (-80.2%)
|
233.84M
est: 650.43M (-64.0%)
|
601.74M
est: 1.21B (-50.3%)
|
765.61M
est: 1.42B (-46.1%)
|
644.45M
est: 1.43B (-54.8%)
|
1.21B
est: 974.69M (+24.0%)
|
706.26M
est: 1.24B (-43.2%)
|
1.23B
1.18B – 1.26B
-0.9% YoY
|
1.46B
1.45B – 1.48B
+18.8% YoY
|
1.66B
1.62B – 1.71B
+13.6% YoY
|
| EPS |
10.47
est: 10.57 (-0.9%)
|
10.38
est: 10.69 (-2.9%)
|
9.00
est: 11.53 (-22.0%)
|
12.55
est: 11.48 (+9.3%)
|
16.33
est: 17.81 (-8.3%)
|
8.69
est: 10.17 (-14.6%)
|
9.54
est: 6.02 (+58.6%)
|
18.85
est: 23.00 (-18.0%)
|
26.50
est: 26.54 (-0.1%)
|
27.97
est: 30.78 (-9.1%)
|
25.27
est: 29.40 (-14.0%)
|
19.32
17.26 – 20.60
-34.3% YoY
|
28.00
24.52 – 30.54
+44.9% YoY
|
41.30
39.36 – 43.24
+47.5% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 3/5 | 3/5 |
| 2026-05-27 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-26 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-25 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-22 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-21 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-20 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-19 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-18 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-15 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-14 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-13 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-12 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-11 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-17 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-16 | C | 2/5 | 3/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
-970.30M
OE per share TTM
-20.06
Owner's Yield
-4.48%
Maintenance CapEx ratio
627.37%
Maint CapEx / Avg PPE
77.8%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
This company is not held by any ETF in our universe.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
424.0K
Shares Outstanding
48.28M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Venkatramanan Krishnan | Joint MD & Executive Director | 94M | male |
| Vidyashankar Krishnan | Chairman & MD | 93M | male |
| Ramnath Nagarajan | Whole Time Director & Director of Commercial | 8M | male |
| Krishnakumar Raman | Whole Time Director & Director of Operations | 7M | male |
| Raghunathan Rajagopalan | Chief Financial Officer | — | male |
| Chandrasekar | Company Secretary & Compliance Officer | — | male |
| R. Venkatakrishnan | Chief Financial Officer | — | male |
| Selvavinayaga Raja | President of Corporate HR | — | — |
| K. Muthuveeran | Head of Plant1 & Senior Manager | — | male |
| Santhanam | Head of Purchase | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for MMFL.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
