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M M Forgings Ltd (MMFL)

₹1221.850.39%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹1,211.05
    ₹1,237.05
  • 52 Week's Low

    52 Week's High

    ₹825
    ₹1,300
1 Month Return+ 6.52 %
3 Month Return+ 37.89 %
1 Year Return+ 40.85 %
Previous Close₹1,217.05
Open₹1,225.00
Volume45.11K
Upper Circuit-
Lower Circuit-
Market Cap₹2,938.06Cr

Analyst Rating

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for M M Forgings Ltd. An average target of ₹1482

Source: S&P Global Market Intelligence

Company Information

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: ₹1221.85 per share as on 12 Jun, 2024 04:01 PM
Market Capitalisation: ₹2,938.06Cr as of today
Revenue: ₹396.84Cr as on March 2024 (Q1 24)
Net Profit: ₹36.80Cr as on March 2024 (Q1 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

  • M M Forgings Reports FY 2024 Earnings - 05 Jun, 2024

    M M Forgings reported an EPS of ₹56.20, up from ₹53.00 in FY 2023. Revenue increased by 6.9% to ₹15.6b, while net income increased by 4.3% to ₹1.33b. Profit margin decreased to 8.5%. The company forecasts revenue growth of 11% p.a. for the next 2 years compared to a 10% industry average. Shares are down 17% from a week ago.

  • MM Forgings Announces 1:1 Bonus Issue on Golden Jubilee - 03 Jun, 2024

    As part of its golden jubilee celebrations, MM Forgings has announced a bonus issue in the ratio of 1:1. The company reported a 15% growth in standalone net profit for the year ended March at ₹145 crore and revenue from operations grew 9% to ₹1,553 crore. Mr. Krishnan also announced the strengthening of MMF board with the induction of four independent directors and two whole-time directors. Shares of the company declined by 1.73% to close at ₹1,182.85 on the BSE.

  • M M Forgings Increases Dividend by 33% - 02 Jun, 2024

    M M Forgings Limited has announced a 33% increase in dividend to Rs. 8.00 from last year's payment of Rs. 6.00. However, the low dividend yield and negative free cash flows raise concerns about sustainability. While EPS is expected to grow by 65.2%, caution is advised as companies that cut dividends once often do so again.

  • MM Forgings Declares Bonus Issue and Interim Dividend - 30 May, 2024

    MM Forgings declared a bonus issue and its highest-ever interim dividend of ₹8 per share. The company reported a 2.4% increase in revenue and an 18.2% rise in PAT for the March quarter. MM Forgings is targeting a 15% revenue growth to ₹1,800 crore for April-March 2024-25.

  • M M Forgings Reports Increased Returns on Capital - 28 May, 2024

    M M Forgings has reported an ROCE of 18%, with returns on capital increasing substantially over the last five years. The company's ability to profitably reinvest capital is inspiring.

  • MM Forgings Considers Bonus Share Issuance After Six Years - 27 May, 2024

    MM Forgings Ltd. plans to consider a proposal for the issuance of bonus shares at its board meeting on May 29, marking the first bonus issue in six years. The company will also review financial results and dividend for FY24.

  • MM Forgings to Issue Bonus Shares After Six Years - 26 May, 2024

    MM Forgings will issue bonus shares for the first time in six years, along with a dividend payout. The company's Q4 results will also be reviewed during the board meeting on May 29. Brokerage firm Anand Rathi has given a buy rating to the MM Forgings stock, with a target price of ₹1,200.

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

    Retail Holding Up

    img

    Retail Investor have increased holdings from 27.27% to 29.55% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, MMFL stock has moved up by 37.9%

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 33.54 Cr → 36.8 Cr (in ₹), with an average increase of 8.9% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 1.93% to 2.28% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, NMDC Ltd has given 136.3% return, outperforming this stock by 95.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Jindal Steel & Power Ltd has given 137.3% return, outperforming this stock by 31.0%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 14.14% to 11.47% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 404.27 Cr → 403.84 Cr (in ₹), with an average decrease of 0.1% per quarter

M M Forgings Ltd Valuation

M M Forgings Ltd in the last 5 years

  • Overview

  • Trends

Lowest (7.51x)

March 30, 2020

Today (21.80x)

June 11, 2024

Industry (55.78x)

June 11, 2024

Highest (93.84x)

December 11, 2020

LowHigh

Mutual Fund Holdings

Funds Holdings
Tata Small Cap Fund Direct GrowthTata Small Cap Fund Direct Growth1.34%
HDFC Hybrid Equity Fund Direct Growth OptionHDFC Hybrid Equity Fund Direct Growth Option0.32%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth0.3%
HDFC Multi Cap Fund Direct GrowthHDFC Multi Cap Fund Direct Growth0.25%
Sundaram Small Cap Fund - Direct Plan - Growth OptionSundaram Small Cap Fund - Direct Plan - Growth Option0.56%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
56.34%
0.00
Foreign Institutions
2.28%
0.00
Mutual Funds
11.47%
0.00
Retail Investors
29.55%
0.00
Others
0.36%
0.00

Frequently Asked Questions

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M M Forgings Ltd (MMFL) share price today is ₹1221.85

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 ₹1237.05.
  • Today’s lowest price of M M Forgings Ltd is ₹1211.05.

PE Ratio of M M Forgings Ltd is 21.8

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 45.11K.

Today’s market capitalisation of M M Forgings Ltd(MMFL) is ₹2938.06Cr.

M M Forgings Ltd(MMFLPrice
52 Week High
₹1300
52 Week Low
₹825

M M Forgings Ltd(MMFL) share price is ₹1221.85. It is down -6.01% from its 52 Week High price of ₹1300

M M Forgings Ltd(MMFL) share price is ₹1221.85. It is up 48.10% from its 52 Week Low price of ₹825

M M Forgings Ltd(MMFLReturns
1 Day Returns
4.8%
1 Month Returns
6.52%
3 Month Returns
37.89%
1 Year Returns
40.85%