MM Forgings Ltd Stock Price Today (NSE: MMFL)
Fundamental Score
MM Forgings Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
MM Forgings Ltd share price today is ₹471.85, up +0.05% on NSE/BSE as of 17 June 2026. MM Forgings Ltd (MMFL) is a Small-cap company in the Auto Components & Equipments sector with a market capitalisation of ₹1.57K (Cr). The 52-week high for MMFL share price is ₹526.95 and the 52-week low is ₹288.10. At a P/E ratio of 14.59x, MMFL is currently trading below its industry average P/E of 30.45x. The company has a Return on Equity (ROE) of 15.58% and a debt-to-equity ratio of 1.25.
MM Forgings Ltd Share Price Chart — NSE/BSE Historical Performance
MM Forgings Ltd share price chart: -7.84% return over the past month. 52-week high ₹526.95, 52-week low ₹288.10.
MM Forgings Ltd — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹443.80 | ₹452.95 | ₹435.70 | ₹442.55 | 40.37K (Cr) | |
| ₹451.55 | ₹465.95 | ₹441.00 | ₹443.35 | 33.05K (Cr) | |
| ₹470.00 | ₹470.00 | ₹445.40 | ₹447.95 | 76.42K (Cr) | |
| ₹460.80 | ₹460.80 | ₹460.80 | ₹460.80 | 0.00 (Cr) | |
| ₹471.80 | ₹476.80 | ₹454.00 | ₹460.80 | 78.31K (Cr) | |
| ₹464.20 | ₹477.00 | ₹458.00 | ₹470.60 | 2.36L (Cr) | |
| ₹459.95 | ₹467.00 | ₹454.35 | ₹463.30 | 75.18K (Cr) | |
| ₹460.00 | ₹463.75 | ₹448.35 | ₹454.40 | 52.81K (Cr) | |
| ₹455.00 | ₹480.60 | ₹453.05 | ₹458.70 | 2.71L (Cr) | |
| ₹448.20 | ₹465.70 | ₹441.55 | ₹453.00 | 1.31L (Cr) |
MM Forgings Ltd — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹451.55 | ₹465.95 | ₹435.70 | ₹442.55 | -1.99% | |
| ₹484.65 | ₹511.50 | ₹431.55 | ₹447.95 | -7.57% | |
| ₹377.00 | ₹526.95 | ₹376.55 | ₹494.40 | +31.14% | |
| ₹445.60 | ₹465.00 | ₹364.85 | ₹371.55 | -16.62% | |
| ₹393.60 | ₹501.05 | ₹383.30 | ₹459.10 | +16.64% | |
| ₹366.00 | ₹439.20 | ₹356.35 | ₹409.25 | +11.82% | |
| ₹328.80 | ₹384.95 | ₹323.05 | ₹362.60 | +10.28% | |
| ₹305.85 | ₹333.45 | ₹295.20 | ₹327.05 | +6.93% | |
| ₹308.15 | ₹320.00 | ₹288.10 | ₹305.85 | -0.75% | |
| ₹315.85 | ₹345.95 | ₹294.60 | ₹308.20 | -2.42% | |
| ₹343.75 | ₹347.45 | ₹295.00 | ₹315.85 | -8.12% | |
| ₹384.15 | ₹386.05 | ₹338.60 | ₹343.75 | -10.52% |
AI Research Briefing
Powered by Gemini · 2026-04-08
Small-cap auto component play betting on capacity expansion, but execution risk is high amid CFO transition and cyclical headwinds.
WHAT'S HAPPENING NOW (last 2-4 weeks)
MM Forgings' board approved raising up to Cr through QIP and increasing authorized share capital on March 25, 2026. They also announced cost optimization measures, including transitioning to green power, expecting annual savings of -50 Cr. CFO R. Venkatakrishnan resigned effective April 1, 2026, and R. Raghunathan was appointed as the new CFO.
CORE STORY (THE REAL GAME)
MM Forgings is attempting to transform from a cyclical auto component play to a growth story fueled by capacity expansion and cost optimization, while navigating headwinds in specific segments and CFO transition.
- ₹600 Cr fundraising for expansion
- ₹45-50 Cr expected cost savings
- Positive long-term operating profit growth
- Successful capacity expansion
- Stronger-than-expected US market recovery
- Order wins in EV segment
- Small-cap liquidity risk
- High Debt/Equity ratio
- Negative Free Cash Flow
FII and DII holdings slightly decreased.
Budget 2026 reinforces priorities for India's automobile and auto-components sector, i.e., vehicles are increasingly electrified and software-led, and supply chains remain exposed to swings in critical materials and imported sub-systems.
Board approved raising up to ₹600 Cr through QIP.
No. Negative Free Cash Flow 5Y: ₹-284.75 Cr.
Next 3-6 months hinge on execution of expansion plans and cost optimization. Watch for order wins and progress on debt reduction.
Primary Thesis Risk
Inability to execute expansion plans and manage debt amid cyclical downturn will crush the thesis.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
MM Forgings Ltd Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
MM Forgings Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of MMFL across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Return on Equity (15.58%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Strong Operating Margins (18.63%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Attractive Valuation (P/E: 14.59 vs Industry: 30.45)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Consistent Growth Track Record (15.22% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Excellent EPS Growth (24.14% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (24.13% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Balanced Promoter Holding (56.34%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
3 factors identified
Profit Decline Concern (-50.71%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Elevated Debt Levels (D/E: 1.25)
Observation: High leverage increases financial risk and interest burden.
Analysis: High debt-to-equity ratios require monitoring of debt servicing capability.
Negative Free Cash Flow (₹-284.75 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
MM Forgings Ltd vs Auto Components & Equipments Peers
Peer Comparison - Auto Components & Equipments
Compare MM Forgings Ltd with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
MM Forgings LtdMM Forgings Ltd...Selected✓ MMFL • 522241 | 44.6/100 | ₹471.85₹472 | ₹1574.46₹1574.46 | 14.59Average 14.6 Average | 15.58%Good 15.58% Good | 12.50%Average 12.50% Average | 1.25Average 1.3 Average | 24.13%Excellent 24.13% Excellent | 15.22%Excellent 15.22% Excellent | 1.23% |
Samvardhana Motherson International LtdSamvardhana Mot... MOTHERSON • 517334 | 49.6/100 | ₹142.41₹142 | ₹123022.60₹123022.60 | 36.74Average 36.7 Average | 12.16%Average 12.16% Average | 13.66%Average 13.66% Average | 0.53Good 0.5 Good | 26.02%Excellent 26.02% Excellent | 13.36%Good 13.36% Good | 0.49% |
Bosch LtdBosch Ltd... BOSCHLTD • 500530 | 59.2/100 | ₹36035.00₹36035 | ₹107230.02₹107230.02 | 47.21Average 47.2 Average | 15.55%Good 15.55% Good | 21.11%Excellent 21.11% Excellent | 0.01Excellent 0.0 Excellent | 12.76%Good 12.76% Good | 12.94%Good 12.94% Good | 1.41% |
Uno Minda LtdUno Minda Ltd... UNOMINDA • 532539 | 63.8/100 | ₹1130.80₹1131 | ₹75603.39₹75603.39 | 69.14Average 69.1 Average | 17.50%Good 17.50% Good | 18.83%Good 18.83% Good | 0.46Excellent 0.5 Excellent | 40.73%Excellent 40.73% Excellent | 21.94%Excellent 21.94% Excellent | 0.17% |
Bharat Forge LtdBharat Forge Lt... BHARATFORG • 500493 | 53.9/100 | ₹1938.60₹1939 | ₹68512.49₹68512.49 | 63.38Average 63.4 Average | 11.58%Average 11.58% Average | 12.18%Average 12.18% Average | 0.71Good 0.7 Good | 20.51%Excellent 20.51% Excellent | 13.42%Good 13.42% Good | 0.59% |
Schaeffler India LtdSchaeffler Indi... SCHAEFFLER • 505790 | 60.59999999999999/100 | ₹4157.70₹4158 | ₹61077.21₹61077.21 | 54.65Average 54.6 Average | 19.17%Good 19.17% Good | 25.67%Excellent 25.67% Excellent | 0.01Excellent 0.0 Excellent | 21.59%Excellent 21.59% Excellent | 13.12%Good 13.12% Good | 0.72% |
Tube Investments of India LtdTube Investment... TIINDIA • 540762 | 56/100 | ₹3210.50₹3211 | ₹54217.79₹54217.79 | 86.50Average 86.5 Average | 12.77%Average 12.77% Average | 21.80%Excellent 21.80% Excellent | 0.09Excellent 0.1 Excellent | 16.40%Excellent 16.40% Excellent | 32.59%Excellent 32.59% Excellent | 0.13% |
Endurance Technologies LtdEndurance Techn... ENDURANCE • 540153 | 54.5/100 | ₹2749.50₹2750 | ₹37843.42₹37843.42 | 43.32Average 43.3 Average | 14.63%Average 14.63% Average | 17.26%Good 17.26% Good | 0.20Excellent 0.2 Excellent | 7.19%Good 7.19% Good | 10.83%Good 10.83% Good | 0.37% |
Exide Industries LtdExide Industrie... EXIDEIND • 500086 | 22.2/100 | ₹394.15₹394 | ₹32308.44₹32308.44 | 40.97Average 41.0 Average | 5.74%Poor 5.74% Poor | 8.65%Poor 8.65% Poor | 0.11Excellent 0.1 Excellent | -0.45%Poor -0.45% Poor | 3.56%Average 3.56% Average | 0.53% |
Sona BLW Precision Forgings LtdSona BLW Precis... SONACOMS • 543300 | 60.3/100 | ₹618.70₹619 | ₹31642.42₹31642.42 | 50.47Average 50.5 Average | 14.37%Average 14.37% Average | 17.82%Good 17.82% Good | 0.04Excellent 0.0 Excellent | 31.47%Excellent 31.47% Excellent | 27.85%Excellent 27.85% Excellent | 0.63% |
Motherson Sumi Wiring India LtdMotherson Sumi ... MSUMI • 543498 | 46.2/100 | ₹39.70₹40 | ₹30929.79₹30929.79 | 50.43Average 50.4 Average | 35.90%Excellent 35.90% Excellent | 42.53%Excellent 42.53% Excellent | 0.14Excellent 0.1 Excellent | — — | — — | 1.21% |
Top Auto Components & Equipments Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Samvardhana Motherson International Ltd share price123022.60 Cr
- Bosch Ltd share price107230.02 Cr
- Uno Minda Ltd share price75603.39 Cr
- Bharat Forge Ltd share price68512.49 Cr
- Schaeffler India Ltd share price61077.21 Cr
MM Forgings Ltd PE Ratio History
Historical price-to-earnings ratio for MMFL — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹25.24 | ₹362.60 | 14.4x |
| FY 2024 | ₹55.94 | ₹465.15 | 8.3x |
| FY 2023 | ₹26.50 | ₹483.82 | 18.3x |
| FY 2022 | ₹18.84 | ₹410.70 | 21.8x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
MM Forgings Ltd Dividend History
Annual cash dividends paid by MMFL — dividend yield 1.23%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹19.31 Cr |
| FY 2024 | ₹14.48 Cr |
| FY 2023 | ₹14.48 Cr |
| FY 2022 | ₹12.07 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
MM Forgings Ltd Quarterly Performance
Latest quarterly metrics for MMFL — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
-3.02%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
-50.71%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
15.22%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
24.13%
Compounded annual net profit growth over 5 years
MM Forgings Ltd Technical Indicators
SMA 50, SMA 200, RSI and volume signals for MMFL — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
MM Forgings Ltd Financial Statements
Annual income statement, balance sheet and cash flow for MM Forgings Ltd (MMFL) — sourced from NSE/BSE filings.
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About MMFL (MM Forgings Ltd)
MM Forgings Ltd is a key player in the Indian auto components and equipments industry, specializing in the intricate crafting of steel forgings. The company prides itself on its ab...ility to transform raw steel into durable and high-precision components essential for a variety of automotive applications. Their expertise lies in producing a wide array of forged parts, ranging from robust connecting rods and critical axle components to specialized steering arms and intricate planetary wheel carriers. These forged components are engineered to withstand the demanding conditions within vehicles, ensuring optimal performance and longevity. MM Forgings operates with a strong focus on quality and precision, utilizing advanced manufacturing processes to meet the stringent requirements of the automotive sector. MM Forgings caters to a diverse range of automotive needs, supplying vital parts for both passenger vehicles and heavy-duty commercial applications. Their product portfolio extends beyond standard automotive components, including specialized forgings for rail applications, highlighting their versatility and adaptability. The company’s commitment to innovation is evident in its ability to produce complex shapes and designs, such as yoke shafts, crankshafts, and high-pressure valve bodies. This capability positions them as a reliable partner for automotive manufacturers seeking customized forging solutions. The company also emphasizes its dedication to maintaining high standards of quality and reliability within its supply chain. Beyond the breadth of its product offerings, MM Forgings distinguishes itself through its commitment to delivering superior engineering and manufacturing capabilities. Their advanced forging techniques and rigorous quality control processes ensure that each component meets the highest industry benchmarks. The company's dedication to continuous improvement and innovation allows them to remain at the forefront of the auto components sector, adapting to evolving market demands and technological advancements. MM Forgings plays a vital role in supporting the growth and development of the automotive industry in India and potentially beyond, providing essential components that contribute to the overall performance and safety of vehicles.
Company Details
Key Leadership
Corporate Events
MMFL Share Price: Frequently Asked Questions
What is the current share price of MM Forgings Ltd?
MM Forgings Ltd (MMFL) trades at ₹471.85 on NSE and BSE. Market cap ₹1.57K (Cr). Educational data only.
What is the P/E ratio of MM Forgings Ltd?
MM Forgings Ltd has a P/E of 14.59x vs industry average 30.45x.
What is the Bull Run score for MM Forgings Ltd?
MM Forgings Ltd has a Bull Run score of 44.6/100 based on 25+ financial parameters.
Does MM Forgings Ltd pay dividends?
MM Forgings Ltd has a dividend yield of 1.23%. Past dividends don't guarantee future payments.
What is the ROE of MM Forgings Ltd?
MM Forgings Ltd has ROE of 15.58%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of MM Forgings Ltd?
MM Forgings Ltd has debt-to-equity of 1.25.
Is MM Forgings Ltd a good investment?
Bull Run gives MM Forgings Ltd a score of 44.6/100. This is not investment advice — consult a SEBI-registered advisor.