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M M Forgings Ltd share price logo

M M Forgings Ltd

(MMFL)

₹434.454.54%

as on 04:01PM, 13 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

M M Forgings Ltd Analyst Rating

based on 3 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 3 analysts offering long term price targets for M M Forgings Ltd. An average target of ₹708.33

Source: S&P Global Market Intelligence

M M Forgings Ltd Share analysis

M M Forgings Ltd price forecast by 3 analysts

Upside of55.64%

High

₹750

Target

₹708.33

Low

₹670

M M Forgings Ltd target price ₹708.33, a slight upside of 55.64% compared to current price of ₹434.45. According to 3 analysts rating.

Source: S&P Global Market Intelligence

M M Forgings Ltd Performance

  • Day's Low

    Day's High

    ₹429.4
    ₹459
  • 52 Week's Low

    52 Week's High

    ₹421.28
    ₹729.8
1 Month Return-19.98 %
3 Month Return-15.17 %
1 Year Return+ 1.08 %
Previous Close₹455.10
Open₹456.80
Volume57.96K
Upper Circuit-
Lower Circuit-
Market Cap₹2,197.30Cr

M M Forgings Ltd Key Statistics

P/E Ratio16.6
PEG Ratio60.38
Market Cap₹2,197.30 Cr
P/B Ratio2.58
EPS27.97
Dividend Yield0.92
SectorCastings, Forgings & Fastners
ROE19.31

M M Forgings Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹2,197.30 Cr24.18%0.77₹135 Cr₹1,563 Cr
NA₹130.10 Cr86.29%0.59NANA
BUY₹17,985.57 Cr45.94%0.52₹1,125 Cr₹9,280 Cr
NA₹114.04 Cr42.15%0.61NANA
NA₹4.86 Cr20.96%-2.09NANA

About M M Forgings Ltd

M M Forgings Ltd is a leading metal forging and machining company that was incorporated in 1990. M M Forgings Ltd operates in various lines of business including the production of automotive components, forgings, cold formed parts, machined components and assemblies.

The company is well known for its top quality products which include high precision forgings, automotive components, machined components and assemblies. Its popular brands include M M Forging, M M Automotive, M M Cold Formed, and M M Machining. M M Forgings Ltd is committed to delivering the best quality products to its customers and is constantly innovating and developing new products.

Share Price: ₹434.45 per share as on 13 Nov, 2024 04:01 PM
Market Capitalisation: ₹2,197.30Cr as of today
Revenue: ₹390.76Cr as on September 2024 (Q3 24)
Net Profit: ₹31.91Cr as on September 2024 (Q3 24)
Listing date: 23 Sep, 1996
Chairperson Name: N Srinivasan
OrganisationM M Forgings Ltd
HeadquartersChengai-anna
IndustryCastings, Forgings & Fastners
E-voting on sharesClick here to vote

Key events for M M Forgings Ltd

  • Anand Rathi Maintains Buy Rating on MM Forgings - 07 Nov, 2024

    Anand Rathi recommends buying MM Forgings with a target price of Rs 720, citing strong Q2 EBITDA growth and favorable market conditions. The stock is valued attractively compared to peers, with expected revenue and profit growth driven by new products and market share gains.

  • MM Forgings Reports Mixed Financial Results for September 2024 - 29 Oct, 2024

    MM Forgings reported a 0.41% increase in net sales to Rs 398.26 crore for September 2024, but net profit fell 9.98% to Rs 31.91 crore. EBITDA rose 6.92%, while EPS decreased significantly. The stock has seen a decline of 13.51% over the last six months.

  • MM Forgings Reports Mixed Financial Results for September 2024 - 28 Oct, 2024

    MM Forgings reported a 1.38% increase in net sales to Rs 389.43 crore for September 2024, but net profit fell by 1.9% to Rs 35.93 crore. EBITDA rose by 10.79%, while EPS decreased significantly. The stock has seen a decline of 7.93% over the last six months.

  • M M Forgings Reports Q2 Earnings Results - 26 Oct, 2024

    M M Forgings Limited announced its earnings results for the second quarter and six months ended September 30, 2024. The company manufactures steel forgings across various categories, including passenger cars, commercial vehicles, and agricultural products.

Insights on M M Forgings Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 30.11 Cr → 31.91 Cr (in ₹), with an average increase of 5.6% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.65% to 3.41% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 387.73 Cr → 405.37 Cr (in ₹), with an average increase of 4.4% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Jindal Steel & Power Ltd has given 39.3% return, outperforming this stock by 38.2%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.34% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 128.4% return, outperforming this stock by 123.8%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 30.45% to 29.75% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, MMFL stock has moved down by -20.0%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 9.35% to 9.33% in Sep 2024 quarter

M M Forgings Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹388.37Cr (-)₹397.37Cr (↑2.32%)₹396.84Cr (↓0.13%)₹378.04Cr (↓4.74%)₹390.76Cr (↑3.36%)
Net Income₹35.45Cr (-)₹33.54Cr (↓5.39%)₹36.80Cr (↑9.72%)₹30.11Cr (↓18.18%)₹31.91Cr (↑5.98%)
Net Profit Margin9.13% (-)8.44% (↓7.56%)9.27% (↑9.83%)7.96% (↓14.13%)8.17% (↑2.64%)
Value in ₹ crore
Details2021202220232024
Total Assets₹1,262.98Cr (-)₹1,439.14Cr (↑13.95%)₹1,673.41Cr (↑16.28%)₹1,995.93Cr (↑19.27%)
Total Liabilities₹762.62Cr (-)₹861.50Cr (↑12.97%)₹983.23Cr (↑14.13%)₹1,179.60Cr (↑19.97%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹273.01Cr (-)₹10.23Cr (↓96.25%)₹147.28Cr (↑1,339.69%)₹116.22Cr (↓21.09%)₹144.55Cr (↑24.38%)

Index Inclusions

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

BSE Small-Cap

₹51,952.79

-3.08 (-1651.69%)

M M Forgings Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
56.34%
0.00
Foreign Institutions
3.41%
28.80
Mutual Funds
9.33%
-0.22
Retail Investors
29.75%
-2.30
Others
1.17%
-3.42

M M Forgings Ltd Key Indicators

Details20202021202220232024
Book Value Per Share (₹)94.25100.9115.9139.39163.36
Details20202021202220232024
Earning Per Share (₹)8.699.5418.8526.527.97
Details20202021202220232024
Return On Equity %10.229.6217.0219.9419.31
Details20202021202220232024
Return On Assets %3.683.656.327.656.77

M M Forgings Ltd Valuation

M M Forgings Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.89x)

July 16, 2019

Today (16.60x)

November 12, 2024

Industry (41.95x)

November 12, 2024

Highest (93.83x)

December 11, 2020

LowHigh

M M Forgings Ltd Earnings and Dividends

  • M M Forgings Ltd Earnings Results

    M M Forgings Ltd’s net profit fell -9.99% since last year same period to ₹31.91Cr in the Q2 2024-2025. On a quarterly growth basis, M M Forgings Ltd has generated 5.98% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • M M Forgings Ltd Dividends May,2024

    In the quarter ending March 2024, M M Forgings Ltd has declared dividend of ₹8 - translating a dividend yield of 1.76%.

    Read More about Dividends

M M Forgings Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

M M Forgings Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on M M Forgings Ltd

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M M Forgings Ltd (MMFL) share price today is ₹434.45

M M Forgings Ltd is listed on NSE

M M Forgings Ltd is listed on BSE

  • Today’s highest price of M M Forgings Ltd is ₹459.
  • Today’s lowest price of M M Forgings Ltd is ₹429.4.

PE Ratio of M M Forgings Ltd is 16.6

PE ratio = M M Forgings Ltd Market price per share / M M Forgings Ltd Earnings per share

Today’s traded volume of M M Forgings Ltd(MMFL) is 57.96K.

Today’s market capitalisation of M M Forgings Ltd(MMFL) is ₹2197.3Cr.

M M Forgings Ltd(MMFLPrice
52 Week High
₹729.8
52 Week Low
₹421.28

M M Forgings Ltd(MMFL) share price is ₹434.45. It is down -40.47% from its 52 Week High price of ₹729.8

M M Forgings Ltd(MMFL) share price is ₹434.45. It is up 3.13% from its 52 Week Low price of ₹421.28

M M Forgings Ltd(MMFLReturns
1 Day Returns
-20.65%
1 Month Returns
-19.98%
3 Month Returns
-15.17%
1 Year Returns
1.08%