MMFL
MM Forgings Limited (MMFL) Stock Analysis
MM Forgings Limited is an Indian auto components company producing forgings and machined parts for commercial vehicles and tractors. It supplies domestic and export OEMs from plants in Tamil Nadu. Demand tracks commercial vehicle and farm equipment cycles. It is listed on Indian stock exchanges.
Industrials › Metal Fabrication
₹528.20
-4.33% 1W | +80.10% 52W
Market Cap
2.6k CR
P/E Ratio
15.1
52W High
₹688
52W Low
₹288.1
Div. Yield
0.76%
Beta
0.9
50 DMA
₹613.2
200 DMA
₹497.6
Profit Margin
6.9%
Inst. Own.
8.6%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 370 | 397 | 399 | 398 | 382 | 398 | 374 | 371 | 362 | 385 | 414 | 430 | 420 |
| Expenses | 305 | 322 | 323 | 320 | 309 | 321 | 301 | 298 | 298 | 318 | 344 | 349 | 346 |
| Operating Profit | 65 | 75 | 75 | 78 | 73 | 77 | 73 | 73 | 63 | 67 | 69 | 81 | 75 |
| OPM % | 18% | 19% | 19% | 20% | 19% | 19% | 20% | 20% | 18% | 17% | 17% | 19% | 18% |
| Other Income | 5 | 5 | 6 | 6 | 6 | 7 | 4 | 6 | 8 | 4 | 3 | 1 | 63 |
| Interest | 10 | 9 | 11 | 13 | 15 | 16 | 15 | 14 | 18 | 21 | 20 | 18 | 16 |
| Depreciation | 21 | 21 | 21 | 20 | 22 | 23 | 23 | 26 | 25 | 24 | 26 | 28 | 30 |
| Profit before tax | 40 | 50 | 49 | 50 | 42 | 45 | 39 | 40 | 28 | 25 | 26 | 35 | 91 |
| Tax % | 28% | 29% | 31% | 27% | 29% | 29% | 31% | 17% | 31% | 34% | 33% | -26% | 1% |
| Net Profit | 29 | 35 | 34 | 37 | 30 | 32 | 27 | 33 | 19 | 17 | 18 | 45 | 90 |
| EPS in Rs | 6.00 | 7.34 | 6.94 | 7.62 | 6.23 | 6.61 | 5.50 | 6.89 | 3.97 | 3.43 | 3.64 | 9.27 | 18.73 |
| Metric | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 191 | 207 | 158 | 639 | 934 | 769 | 752 | 1,140 | 1,462 | 1,563 | 1,525 | 1,590 | 1,649 |
| Expenses | 154 | 175 | 136 | 509 | 759 | 637 | 623 | 931 | 1,189 | 1,270 | 1,229 | 1,310 | 1,357 |
| Operating Profit | 37 | 32 | 23 | 130 | 175 | 132 | 129 | 209 | 273 | 293 | 296 | 280 | 292 |
| OPM % | 19% | 15% | 14% | 20% | 19% | 17% | 17% | 18% | 19% | 19% | 19% | 18% | 18% |
| Other Income | 6 | 8 | 7 | 4 | 8 | 19 | 20 | 16 | 12 | 22 | 23 | 16 | 70 |
| Interest | 4 | 9 | 6 | 13 | 32 | 38 | 32 | 28 | 30 | 42 | 60 | 78 | 76 |
| Depreciation | 18 | 16 | 12 | 46 | 58 | 60 | 65 | 68 | 79 | 83 | 93 | 103 | 108 |
| Profit before tax | 20 | 14 | 12 | 74 | 93 | 53 | 52 | 129 | 177 | 189 | 166 | 115 | 178 |
| Tax % | 29% | 28% | 12% | 18% | 29% | 21% | 11% | 29% | 28% | 29% | 26% | 14% | |
| Net Profit | 14 | 10 | 10 | 61 | 66 | 42 | 46 | 91 | 128 | 135 | 123 | 99 | 169 |
| EPS in Rs | 2.98 | 2.11 | 2.16 | 12.57 | 13.56 | 8.68 | 9.54 | 18.84 | 26.49 | 27.96 | 25.52 | 20.44 | 35.07 |
| Dividend Payout % | 21% | 18% | 17% | 20% | 18% | 29% | 26% | 16% | 11% | 14% | 16% | 20% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 3.0% | 16.0% | – |
| Profit CAGR | -8.0% | 17.0% | – |
Shareholding Pattern
Promoters56.33%
FIIs1.76%
DIIs8.31%
Public33.59%
Promoters56.33%
FIIs1.74%
DIIs8.55%
Public33.38%
Promoters56.33%
FIIs1.85%
DIIs8.38%
Public33.44%
Promoters56.33%
FIIs2.44%
DIIs7.49%
Public33.73%
Promoters56.33%
FIIs3.10%
DIIs7.41%
Public33.15%
Promoters56.33%
FIIs1.65%
DIIs17.02%
Public25.00%
Promoters56.33%
FIIs2.28%
DIIs11.83%
Public29.56%
Promoters56.33%
FIIs3.09%
DIIs8.92%
Public31.65%
Promoters56.33%
FIIs1.85%
DIIs8.38%
Public33.44%
Promoters56.33%
FIIs3.10%
DIIs7.41%
Public33.15%
MMFL
Holdings Analysis
Key strengths & risk signals
54
Overall
46
Fundamental
63
Technical
Risks (3)
Cannot calculate PEG - insufficient growth data.
RECOVERY MODE! Current price (528.2) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -4.3% (1 week), -13.0% (1 month), 0.1% (3 months).
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (613.2) is above 200-day average (497.6) - positive signal.
EXCELLENT YEAR! Stock gained 80.1% in the last year.
APPROACHING OVERSOLD! RSI at 34.4 - watch for reversal.
Fundamental & Technical Analysis
54Overall
46Fundamental
63Technical
Fundamental Breakdown
Growth Quality
7/30
Revenue CAGR: 2.8% (SLOW, 5/15). Profit CAGR: -8.3% (DECLINING, 2/15).
Profit Margin
3/10
LOW MARGIN! 6.9% profit margin - thin profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.76% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
14/20
MODERATE PUBLIC HOLDING! 25.44% public ownership - balanced ownership structure.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (613.2) is above 200-day average (497.6) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (528.2) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 80.1% in the last year.
Volume Sentiment
15/30
BEARISH SENTIMENT! In last 30 days: 11 up days, 19 down days. Avg volume on up days: 76,262 vs down days: 88,672. Ratio: 0.86x
RSI
4/5
APPROACHING OVERSOLD! RSI at 34.4 - watch for reversal.
52W Range
4/5
UPPER HALF! Trading at 60.0% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -4.3% (1 week), -13.0% (1 month), 0.1% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.90 - slightly less volatile than market.
MMFL
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q3FY262026-03-09 | Concall PDF | |
| Q2FY262025-11-21 | Concall PDF |
Peer Comparison
Industrials · Metal Fabrication · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMFL | ₹528.20 | 15.1 | 6.9% | 2.8% | -8.3% | +80.1% | 54 | BREAKDOWN | +78.1% | -23.7% | +16.8% | -4.5% |
| SUNCLAY | ₹1,129.60 | 9.9 | 11.9% | -0.2% | – | -24.3% | 51 | BREAKDOWN | +2.6% | -113.9% | +15.6% | +14.2% |
| FRONTSP | ₹1,372.80 | 26.6 | 18.0% | 44.9% | 103.8% | +8.1% | 76 | BREAKOUT | -18.4% | -27.7% | +4.2% | -4.8% |
| KIRLOSIND | ₹3,453.80 | 24.4 | 2.2% | 1.4% | 1.5% | -9.7% | 61 | BOUNCE FROM SUPPORT | -69.3% | -21.8% | +4.4% | -2.7% |
| PITTIENG | ₹1,019.00 | 30.4 | 6.3% | 30.0% | 32.0% | +12.7% | 73 | BREAKDOWN | +31.0% | +12.8% | +15.9% | +5.6% |
| ALICON | ₹854.60 | 38.3 | 1.9% | 8.5% | -12.5% | +1.3% | 67 | BREAKOUT | +22.6% | +44.3% | +37.9% | +16.8% |
| MANAKCOAT | ₹125.60 | 30.4 | 4.5% | 10.9% | 63.2% | -16.2% | 67 | BREAKDOWN | +0.7% | +161.1% | +4.9% | +15.2% |
| NELCAST | ₹135.90 | 28.7 | 3.1% | 1.6% | 17.7% | +13.5% | 69 | BREAKOUT | -59.2% | -66.7% | +2.7% | -7.4% |
Data from TradeAlone · Updated daily
No news tagged for MMFL yet.
