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Munish Forge Stock Price Today (NSE: MUNISH)

Munish Forge

MUNISHCastings & Forgings
₹69.25+₹0.00 (+0.00%)
Market Closed

Fundamental Score

...

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

Munish Forge share price today is ₹69.25, up +0.00% on NSE/BSE as of 1 August 2026. Munish Forge (MUNISH) is a Small-cap company in the Castings & Forgings sector with a market capitalisation of ₹166.69 (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 15.83x, MUNISH is currently trading below its industry average P/E of 30.80x. The company has a Return on Equity (ROE) of 10.85% and a debt-to-equity ratio of 0.45.

Munish Forge Share Price Chart — NSE/BSE Historical Performance

No data
High
₹69.25
Low
₹69.25
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 · 2026-08-01

Paper profits masking severe cash burn and collapsing margins make this micro-cap forging unit an uninvestable value trap.

Research Confidence
4.0/10Low
MICRO-CAP DARK HORSEConsolidation with persistent multi-month downtrend (-27.75% over 6 months).Appears cheap at 15.83x P/E vs industry 30.8x, but the discount is fully justified by negative cash generation and poor profit quality.

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

No major catalysts or fresh order disclosures found after live search. The latest Q4 performance revealed a sharp 57.05% YoY collapse in net profit despite top-line sales expanding 10.61%. Financial analysis reveals acute earnings quality distress: FY26 statutory net profit of ₹10.07 Cr was accompanied by negative Free Cash Flow of ₹37.1 Cr, driving a high accrual ratio of 0.32 and raising serious red flags around working capital lock-up.

CORE STORY (THE REAL GAME)

Why Now
  • Latest quarter net profit collapsed 57.05% YoY despite 10.61% sales expansion.
  • FY26 Free Cash Flow bled ₹37.1 Cr against statutory net profit of ₹10.07 Cr.
  • Institutional selling via open market SAST block dumps by Rajasthan Global Securities.
Potential Catalysts
  • Material announcement of high-margin automotive or defense forging order wins exceeding ₹25 Cr.
  • Working capital normalization flipping annual Free Cash Flow positive.
  • Institutional block buying or strategic promoter share expansion.
Key Risks
  • Micro/SME cap liquidity risk with extreme trading volume volatility.
  • Severe divergence between reported profit of ₹10.07 Cr and negative FCF of ₹37.1 Cr in FY26.
  • 5-Year cumulative Free Cash Flow sits deeply negative at ₹-19.71 Cr.
Institutional Activity

Promoter holding stable at 68.01% with zero pledge, but key pre-listing/SME institutional holders like Rajasthan Global Securities sold down equity stakes in open market operations.

Macro Context

Strong domestic auto capex and industrial manufacturing growth act as sector tailwinds, but micro-cap suppliers face severe margin squeezes from input costs.

Order Book / Expansion

No major contract or order book wins disclosed after live search.

Cash Flow Quality

No — 5Y Free Cash Flow stands at ₹-19.71 Cr and FY26 FCF bled ₹37.1 Cr.

3–6 Month Outlook

Expect subdued price action and rangebound trading as weak cash flows and margin pressure cap upside potential.

Primary Thesis Risk

Persistent cash burn turning statutory profits into bad debt and working capital write-offs.

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

Returns & Performance

Poor

Return on Equity (ROE)

10.85%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

11.98%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

9.42%

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)

15.83x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

30.80x

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

Poor

FII Holding

1.93%

% shares held by foreign institutional investors

Poor

DII Holding

3.59%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Poor

Profit Growth (Quarterly YoY)

-57.05%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

10.61%

Revenue growth vs same quarter last year

Excellent

Revenue Growth (5-Year CAGR)

19.94%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

19.92%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

128.24%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Good

Debt to Equity Ratio

0.45x

Total debt ÷ equity. Below 0.5 = financially healthy

Good

Interest Coverage Ratio

3.21x

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

Free Cash Flow (5-Year Total)

-19.71 (Cr)

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

6 factors identified

Attractive Valuation (P/E: 15.83 vs Industry: 30.80)

Observation: Trading at discount to industry peers.

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

Consistent Growth Track Record (19.94% CAGR)

Observation: Strong 5-year sales compound annual growth rate.

Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.

Excellent EPS Growth (19.92% CAGR)

Observation: Outstanding 5-year earnings per share compound growth.

Analysis: EPS CAGR >15% indicates strong wealth creation potential.

Strong Profit Growth Track Record (128.24% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

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

4 factors identified

Profit Decline Concern (-57.05%)

Observation: Significant year-over-year profit contraction observed.

Analysis: Declining profitability requires investigation into underlying causes.

Negative Free Cash Flow (₹-19.71 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 5.52%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

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 •
52.7/100
₹69
₹166.69
15.8
Average
10.85%
Average
11.98%
Average
0.5
Excellent
128.24%
Excellent
19.94%
Excellent
0.00%
AIA Engineering...
AIAENG • 532683
68.3/100
₹4591
₹45082.48
35.4
Average
17.02%
Good
21.09%
Excellent
0.0
Excellent
18.69%
Excellent
8.93%
Good
0.33%
PTC Industries ...
PTCIL • 539006
66.4/100
₹17737
₹26412.87
260.1
Average
7.02%
Poor
8.43%
Poor
0.2
Excellent
101.33%
Excellent
29.84%
Excellent
0.00%
Happy Forgings ...
HAPPYFORGE • 544057
66/100
₹1653
₹15270.09
51.1
Average
15.03%
Good
18.03%
Good
0.1
Excellent
28.18%
Excellent
21.46%
Excellent
0.25%
Balu Forge Indu...
BALUFORGE • 531112
59.9/100
₹440
₹5471.12
21.1
Average
19.56%
Good
22.72%
Excellent
0.1
Excellent
102.41%
Excellent
50.78%
Excellent
0.03%
Steelcast Ltd...
STEELCAS • 513517
64/100
₹310
₹3104.81
36.0
Average
23.96%
Excellent
32.30%
Excellent
0.0
Excellent
49.15%
Excellent
21.82%
Excellent
0.56%
Amic Forging Lt...
AMIC • 544037
65.4/100
₹1785
₹2041.72
72.2
Average
16.79%
Good
23.46%
Excellent
0.0
Excellent
118.32%
Excellent
39.97%
Excellent
0.00%
Nelcast Ltd...
NELCAST • 532864
57.5/100
₹121
₹1148.67
23.7
Average
8.43%
Poor
11.43%
Average
0.4
Excellent
39.88%
Excellent
16.65%
Excellent
0.53%
Synergy Green I...
SGIL • 541929
28.9/100
₹603
₹926.90
186.1
Average
4.55%
Poor
9.24%
Poor
2.3
Poor
9.52%
Good
13.02%
Good
0.17%
Tirupati Forge ...
TIRUPATIFL •
56.2/100
₹70
₹891.28
141.5
Average
5.24%
Poor
7.53%
Poor
0.3
Excellent
76.29%
Excellent
39.49%
Excellent
0.00%
Inv& PrecCast...
INVPRECO • 504786
61.2/100
₹816
₹821.96
67.8
Average
12.51%
Average
14.39%
Average
0.7
Good
102.07%
Excellent
12.48%
Good
0.06%

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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)

10.61%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

-57.05%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

19.94%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

128.24%

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 ₹166.69 (Cr). Munish Forge has delivered a Return on Equity (ROE) of 10.85% and a ROCE of 11.98%. The debt-to-equity ratio stands at 0.45, 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 ₹69.25 on NSE. Market cap ₹166.69 (Cr). Educational data only.

What is the P/E ratio of Munish Forge?

Munish Forge has a P/E of 15.83x vs industry average 30.80x.

What is the Bull Run score for Munish Forge?

Munish Forge has a Bull Run score of 52.7/100 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 10.85%. 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 0.45.

Is Munish Forge a good investment?

Bull Run gives Munish Forge a score of 52.7/100. This is not investment advice — consult a SEBI-registered advisor.