M M Forgings

₹629.40As of Sun 8 Nov 2026, 12:00 UTC

NSE:MMFLIndustrials

Country India

PE (Fwd) 26.33

TSR 10Y CAGR 19.40%

Div yield 0.64%

ROE —

Metal Fabrication

Beta (5Y) 0.91

PE TTM 30.79

TSR TTM 107.65%

Mkt cap ₹36.49B

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

₹709

12.59%

(60.35%)

Price above Reference Value

TTM

FYE 31 Mar INR

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

15.90

Revenue₹B

—

11.40

14.62

15.63

15.25

15.90

17.19

8.68%

4.24

Revenue growth%

—

28.28

6.92

(2.42)

4.24

8.12

5.58

—

53.41

Gross margin%

—

53.12

51.01

51.95

54.13

53.41

53.34

53.12

100

11.12

Operating margin%

—

12.37

13.27

13.44

13.30

11.12

11.15

13.27

6.21

Net margin%

—

7.98

8.75

8.64

8.08

6.21

6.23

8.08

30.79

P/E ratio (avg)x

—

19.75

16.38

16.71

21.46

18.35

28.37

18.35

17.18

EV/EBITx

—

12.75

10.80

10.75

13.04

10.24

15.85

10.80

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

100

—

Return on assets%

—

20.44

EPS₹

—

18.85

26.50

27.97

25.52

20.44

22.18

2.05%

—

(19.91)

EPS growth%

—

40.62

5.55

(8.76)

(19.91)

8.53

(1.61)

—

Bookvalue per sh₹

—

FCF per share₹

—

4.00

Dividend per sh₹

—

3.00

4.00

4.15

7.46%

—

0.64

Div yield (avg)%

—

0.81

0.69

0.86

0.73

1.07

0.66

0.81

19.57

Payout ratio%

—

15.92

11.32

14.30

15.67

19.57

18.69

15.67

48.27

Shares (diluted)M

—

48.29

48.28

48.27

◌48.27

(0.01%)

0.03

Buyback yield%

—

0.01

(0.01)

0.03

◌—

0.01

—

D/E ratiox

—

30.38

Enterprise value₹B

—

17.97

20.95

22.57

26.44

18.10

30.38

0.18%

—

LT debt₹M

—

Peers (US$324.2M)

Cap (US$)

Kirloskar Industries…

388.0M

24.42x

John Cockerill India…

361.6M

797.1x

Pitti Engineering…

354.8M

28.65x

Zhangjiagang Zhonghuan…

323.0M

—

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

2.262

4.962

Own earn%

—

Sh yield%

0.66

0.79

Owners

Insiders/Inst%

32.97

8.23

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

3/4

EPS growth years

2/4

Dividend streakyrs

Op margin range%

11–13

$1 testx

—

Incr. ROIC%

—

M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. It offers sprocket, flange housing, connecting rod, connecting rod integral, 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.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

₹15.90B

8.68%

1.00×

Cost of revenue

₹7.408B

8.52%

0.99×

Operating expenses

₹6.722B

9.68%

1.04×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m