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Munish Forge Stock Price Today (NSE: MUNISH)

Munish Forge

MUNISHCastings & Forgings
₹109.00+₹0.00 (+0.00%)
Market Closed

Fundamental Score

...

Munish Forge Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Munish Forge share price today is ₹109.00, up +0.00% on NSE/BSE as of 27 April 2026. Munish Forge (MUNISH) is a Small-cap company in the Castings & Forgings sector with a market capitalisation of ₹262.37 (Cr). The 52-week high for MUNISH share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 18.17x, MUNISH is currently trading below its industry average P/E of 28.08x. The company has a Return on Equity (ROE) of 35.55% and a debt-to-equity ratio of 0.86.

Munish Forge Share Price Chart — NSE/BSE Historical Performance

No data
High
₹109.00
Low
₹109.00
Volume
0
Change
+0.00%

Munish Forge share price chart: 0.00% return over the past month. 52-week high ₹N/A, 52-week low ₹N/A.

AI Research Briefing

Powered by Gemini · 2026-04-27

Micro-cap defense play dependent on continued government order flow; high risk, potentially high reward.

Research Confidence
5.0/10Moderate
GOVT CAPEX DARK HORSEPrice has declined 16.98% in the last 1 month.P/E of 18.17x is lower than the industry P/E of 28.08x, but this may be justified given the micro-cap status and risks.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. The most recent news relates to routine corporate governance filings.

CORE STORY (THE REAL GAME)

Military supplier, riding India's defense indigenization wave. Key is their ability to secure and execute on government contracts, specifically for the Indian Army.

Why Now
  • Defense indigenization tailwind
  • Recent corporate governance filings
  • Focus on cost optimization
Potential Catalysts
  • Major defense contract win
  • Successful capacity expansion
  • Significant margin improvement
Key Risks
  • Illiquid micro-cap
  • High debt/equity ratio
  • Revenue concentration risk (government contracts)
Institutional Activity

Promoter holding is high at 68.01%, signaling confidence, but no recent change.

Macro Context

Geopolitical tensions favor defense spending, but global supply chain disruptions pose a threat.

Order Book / Expansion

Management remains cautiously optimistic, working on cost optimization and supplier pricing.

Cash Flow Quality

Operating cash flow is 0.39 times compared to the reported net profit, indicating poor cash conversion.

3–6 Month Outlook

Next 3-6 months depend on securing new orders and demonstrating execution capabilities. Key is converting profit to cash.

Primary Thesis Risk

Reliance on government contracts makes revenue highly vulnerable.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Excellent

Return on Equity (ROE)

35.55%

Profit generated per ₹1 of shareholder equity

Excellent

Return on Capital (ROCE)

27.96%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

8.01%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Munish Forge Valuation Check

Excellent

Price to Earnings (P/E)

18.17x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

28.08x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

68.01%

% shares held by company founders/management

FII Holding

N/A

% shares held by foreign institutional investors

DII Holding

N/A

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Profit Growth (Quarterly YoY)

N/A

Net profit growth vs same quarter last year

Revenue Growth (Quarterly YoY)

N/A

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Poor

Debt to Equity Ratio

0.86x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

4.86x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

N/A

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

Munish Forge Fundamental Analysis & Valuation Benchmarking

Educational evaluation of MUNISH across key market metrics for learning purposes.

Positive Indicators

5 factors identified

Strong Return on Equity (35.55%)

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.

Excellent ROCE Performance (27.96%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 18.17 vs Industry: 28.08)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Balanced Promoter Holding (68.01%)

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

1 factors identified

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Munish Forge vs Castings & Forgings Peers

Peer Comparison -

Compare Munish Forge with 10 other companies in the same sector

11 companies
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
Munish Forge...✓
MUNISH •
26.8/100
₹109
₹262.37
18.2
Average
35.55%
Excellent
27.96%
Excellent
0.9
Good
—
—
0.00%
AIA Engineering...
AIAENG • 532683
54.1/100
₹4428
₹36025.37
32.0
Average
15.42%
Good
18.92%
Good
0.1
Excellent
13.23%
Good
7.62%
Good
0.42%
Happy Forgings ...
HAPPYFORGE • 544057
51.8/100
₹1417
₹9934.57
36.6
Average
15.46%
Good
19.17%
Good
0.1
Excellent
27.44%
Excellent
20.35%
Excellent
0.29%
Balu Forge Indu...
BALUFORGE • 531112
51.4/100
₹504
₹7240.86
29.7
Average
25.38%
Excellent
31.26%
Excellent
0.1
Excellent
—
—
0.02%
Steelcast Ltd...
STEELCAS • 513517
72/100
₹287
₹2233.35
25.1
Average
24.24%
Excellent
32.94%
Excellent
0.0
Excellent
55.61%
Excellent
13.40%
Good
0.65%
Amic Forging Lt...
AMIC • 544037
56.5/100
₹1679
₹1843.35
73.1
Average
21.80%
Excellent
27.89%
Excellent
0.1
Excellent
116.81%
Excellent
55.08%
Excellent
0.00%
Nelcast Ltd...
NELCAST • 532864
28.4/100
₹138
₹973.07
26.5
Average
6.48%
Poor
9.55%
Poor
0.5
Good
-0.70%
Poor
17.17%
Excellent
0.45%
Synergy Green I...
SGIL • 541929
38.5/100
₹533
₹862.41
55.5
Average
21.88%
Excellent
20.85%
Excellent
1.8
Average
38.79%
Excellent
11.75%
Good
0.18%
Inv& PrecCast...
INVPRECO • 504786
52.2/100
₹509
₹509.30
68.2
Average
6.78%
Poor
9.59%
Poor
0.8
Good
59.53%
Excellent
11.64%
Good
0.10%
Neetu Yoshi Lim...
NEETUYOSHI • 544434
47.4/100
₹119
₹472.54
23.6
Average
51.01%
Excellent
46.01%
Excellent
0.1
Excellent
—
—
0.00%
Tirupati Forge ...
TIRUPATIFL •
53.2/100
₹46
₹410.25
76.5
Average
9.99%
Poor
12.37%
Average
0.2
Excellent
94.73%
Excellent
33.02%
Excellent
0.00%

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Munish Forge Quarterly Performance

Latest quarterly metrics for MUNISH — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

N/A

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

N/A

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Munish Forge Financial Statements

Annual income statement, balance sheet and cash flow for Munish Forge (MUNISH) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Munish Forge

About MUNISH (Munish Forge)

Munish Forge (MUNISH) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Castings & Forgings sector with a current... market capitalisation of ₹262.37 (Cr). Munish Forge has delivered a Return on Equity (ROE) of 35.55% and a ROCE of 27.96%. The debt-to-equity ratio stands at 0.86, reflecting the company's capital structure. Investors tracking MUNISH share price can monitor key metrics including P/E ratio, promoter holding of 68.01%, and quarterly earnings growth.

Company Details

Symbol:MUNISH
Industry:Castings & Forgings
Sector:N/A
Website:N/A

MUNISH Share Price: Frequently Asked Questions

What is the current share price of Munish Forge?

Munish Forge (MUNISH) trades at ₹109.00 on NSE. Market cap ₹262.37 (Cr). Educational data only.

What is the P/E ratio of Munish Forge?

Munish Forge has a P/E of 18.17x vs industry average 28.08x.

What is the Bull Run score for Munish Forge?

Munish Forge has a Bull Run score of 26.8/100 based on 25+ financial parameters.

Does Munish Forge pay dividends?

Munish Forge has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Munish Forge?

Munish Forge has ROE of 35.55%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Munish Forge?

Munish Forge has debt-to-equity of 0.86.

Is Munish Forge a good investment?

Bull Run gives Munish Forge a score of 26.8/100. This is not investment advice — consult a SEBI-registered advisor.