M M Forgings Ltd Share Price (MMFL)
₹861.3
Overview of M M Forgings Ltd
Key events for M M Forgings Ltd
MM Forgings Enters EV Space with Abhinava Rizel Acquisition - 22 Sep, 2023
Chennai-based MM Forgings has acquired Abhinava Rizel to enter the EV space and will focus on developing powertrain components for two and three-wheelers, LCVs, and passenger vehicles. The company is investing Rs 75-100 crore in capex for its EV business over the next year.
Comparison of MM Forgings and Ratnaveer's P/E Ratio - 11 Sep, 2023
M M Forgings Ltd's TTM P/E ratio is 17.6x, while Ratnaveer Stainless Products Limited has a P/E ratio of 19x.
M M Forgings Ltd Declines by 12% in Last Week - 19 Aug, 2023
M M Forgings Ltd's stock gave double-digit negative returns, declining by 12% in the last week.
Insiders Hold Significant Control Over M M Forgings - 01 Aug, 2023
Individual insiders hold around 31% of shares in M M Forgings, with the top four shareholders controlling over half of the company. The largest shareholder is Symax Consultants & Trading Pvt. Ltd., with hedge funds holding few shares.
Analyst Rating for M M Forgings Ltd stock
based on 4 analysts
Based on 4 analysts offering long term price targets for M M Forgings Ltd. An average target of ₹1111
Source: S&P Global Market Intelligence
M M Forgings Ltd share Performance
- ₹855.05₹882.8₹861.3
0.73%
Downside
Day's Volatility:3.22%
Upside
2.50%
- ₹730₹1099₹861.3
15.24%
Downside
52 Weeks Volatility:42.84%
Upside
27.60%
| Returns % | |
| 1 Month Return | -7.27 % |
| 3 Month Return | -5.26 % |
| 1 Year Return | 11 % |
| Market Stats | |
| Previous Close | ₹870.35 |
| Open | ₹877.95 |
| Volume | 26.23K |
| Market Cap | ₹2,101.09Cr |
M M Forgings Ltd Company Information
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: ₹861.30 per share as on 28 Sep, 2023 04:01 PM
Market Capitalisation: ₹2,101.09Cr as of today
Revenue: ₹393.17Cr as on March 2023 (Q1 23)
Net Profit: ₹30.79Cr as on March 2023 (Q1 23)
Listing date: 23 Sep, 1996
Chairperson Name: N Srinivasan
| Organisation | M M Forgings Ltd |
| Headquarters | Chengai-anna |
| Industry | Castings, Forgings & Fastners |
| E-voting on shares | Click here to vote |
Fundamentals of M M Forgings Ltd
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.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 8 quarters, 250.45 Cr → 393.17 Cr (in ₹), with an average increase of 6.2% per quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, MMFL stock has moved up by 164.0%
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 25.00% to 25.43% in Jun 2023 quarter
NO EFFECTAgainst Peers
In the last 1 year, Jindal Steel & Power Ltd has given 71.8% return, outperforming this stock by 60.8%
- NO EFFECT
Against Peers
In the last 3 years, Jindal Steel & Power Ltd has given 277.3% return, outperforming this stock by 113.3%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 56.34% of holdings in Jun 2023 quarter
NEGATIVE IMPACTMF Holding Down
Mutual Funds have decreased holdings from 16.81% to 16.37% in Jun 2023 quarter
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 2 quarters, 35.79 Cr → 30.79 Cr (in ₹), with an average decrease of 14.0% per quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 1.65% to 1.64% in Jun 2023 quarter
M M Forgings Ltd share Valuation
M M Forgings Ltd in the last 5 years
Lowest (7.51x)
March 30, 2020
Today (16.25x)
September 26, 2023
Industry (41.40x)
September 26, 2023
Highest (93.84x)
December 11, 2020
Mutual Fund Holdings
| Funds | Holdings |
 HSBC Small Cap Fund Fund Direct Growth | 0.61% |
 Tata Small Cap Fund Direct Growth | 1.15% |
 HDFC Hybrid Equity Fund Direct Growth Option | 0.27% |
 Franklin India Smaller Companies Fund Direct Growth | 0.48% |
 PGIM India Small Cap Fund Direct Growth | 1.55% |
M M Forgings Ltd Shareholding Pattern
| Investors | Holdings % | Prev. 2 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.34% | 0.00 | |
| Foreign Institutions | 1.64% | ||
| Mutual Funds | 16.37% | ||
| Retail Investors | 25.43% | 1.74 | |
| Others | 0.22% | 4.91 |
Technicals of M M Forgings Ltd share
News & Events of M M Forgings Ltd
Frequently Asked Questions
M M Forgings Ltd (MMFL) share price today is ₹861.3
- Today’s highest price of M M Forgings Ltd is ₹882.8.
- Today’s lowest price of M M Forgings Ltd is ₹855.05.
Today’s traded volume of M M Forgings Ltd(MMFL) is 26.23K.
Today’s market capitalisation of M M Forgings Ltd(MMFL) is ₹2101.09Cr.
| M M Forgings Ltd(MMFL | Price |
|---|---|
52 Week High | ₹1099 |
52 Week Low | ₹730 |
M M Forgings Ltd(MMFL) share price is ₹861.3. It is down -21.63% from its 52 Week High price of ₹1099
M M Forgings Ltd(MMFL) share price is ₹861.3. It is up 17.99% from its 52 Week Low price of ₹730
| M M Forgings Ltd(MMFL | Returns |
|---|---|
1 Day Returns | -9.05% |
1 Month Returns | -7.27% |
3 Month Returns | -5.26% |
1 Year Returns | 11% |