M M Forgings Ltd (MMFL)
₹636.5
Analyst Rating
based on 3 analysts
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 ₹729
Source: S&P Global Market Intelligence
M M Forgings Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹631.6₹65052 Week's Low
52 Week's High
₹412.5₹729.8
| Returns % | |
| 1 Month Return | + 6.08 % |
| 3 Month Return | + 22.21 % |
| 1 Year Return | + 39.3 % |
| Market Stats | |
| Previous Close | ₹644.45 |
| Open | ₹649.95 |
| Volume | 32.64K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,111.51Cr |
Key Statistics
| P/E Ratio | 23.08 |
| PEG Ratio | 15.97 |
| Market Cap | ₹3,111.51 Cr |
| P/B Ratio | 2.58 |
| EPS | 27.97 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,111.51 Cr | 45.99% | 0.77 | ₹135 Cr | ₹1,563 Cr |
 | NA | ₹417.93 Cr | 67.84% | 0.67 | ₹22 Cr | ₹276 Cr |
| NA | ₹1,257.98 Cr | 75.44% | 0.58 | ₹9 Cr | ₹115 Cr |
 | NA | ₹102.45 Cr | 84.11% | 0.76 | NA | NA |
| NA | ₹17.64 Cr | -8.43% | -0.44 | NA | NA |
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: ₹636.50 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹3,111.51Cr 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
| Organisation | M M Forgings Ltd |
| Headquarters | Chengai-anna |
| Industry | Castings, Forgings & Fastners |
| E-voting on shares | Click here to vote |
Key events for M M Forgings Ltd
M M Forgings Allots Equity Bonus Shares - 17 Jul, 2024
The Board of M M Forgings has approved the allotment of 2,41,40,800 fully paid-up equity shares as equity bonus shares in a ratio of 1:1. The paid-up equity share capital has increased to Rs 48,28,16,000.
MM Forgings Reports Growth in Revenue and Operating Profit - 08 Jul, 2024
MM Forgings reported a 4.1% YoY growth in revenue in Q4FY24, with an increase in operating profit by ~18%. The company saw an 8.1% growth in revenue for FY24, driven by higher overseas demand leading to a 15% surge in exports. MMFL is looking to boost exports and overcome increased power costs through renewable energy. CD Equisearchs assigns accumulate rating on the stock with revised target of Rs 1410 based on 18x FY26e earnings.
MM Forgings Subsidiary to Manufacture Hybrid Motors for EVs - 01 Jul, 2024
Abhinava Rizel, a subsidiary of MM Forgings, is set to begin manufacturing hybrid motors for electric vehicles next month. The company has orders for 3-wheeler motors and products ready for passenger cars. MM Forgings bought an 88% stake in Abhinava Rizel for INR 15.84 crore and is expected to bring INR 200 crore into the subsidiary.
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 IMPACTRetail Holding Up
Retail Investor have increased holdings from 30.10% to 30.45% in Jul 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 33.54 Cr → 36.8 Cr (in ₹), with an average increase of 8.9% per quarter
- POSITIVE IMPACT
Price Rise
In the last 6 months, MMFL stock has moved up by 39.7%
NO EFFECTAgainst Peers
In the last 3 years, Jindal Steel & Power Ltd has given 136.0% return, outperforming this stock by 58.3%
- NO EFFECT
Against Peers
In the last 1 year, Bharat Forge Ltd has given 87.6% return, outperforming this stock by 48.3%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 56.34% of holdings in Jul 2024 quarter
NEGATIVE IMPACTRevenue Fall
Revenue is down for the last 2 quarters, 404.27 Cr → 403.84 Cr (in ₹), with an average decrease of 0.1% per quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 9.51% to 9.35% in Jul 2024 quarter
- NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 2.84% to 2.65% in Jul 2024 quarter
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹396.84Cr | ↓0.13% |
Net Income | ₹36.80Cr | ↑9.72% |
Net Profit Margin | 9.27% | ↑9.83% |
| 2024 | Y/Y Change | |
|---|---|---|
Revenue | ₹1,563.07Cr | ↑6.92% |
Net Income | ₹135.04Cr | ↑5.54% |
Net Profit Margin | 8.64% | ↓1.26% |
| 2024 | Y/Y Change | |
|---|---|---|
Total Assets | ₹1,995.93Cr | ↑19.27% |
Total Liabilities | ₹1,179.60Cr | ↑19.97% |
| 2024 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹144.55Cr | ↑24.38% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.34% | 0.00 | |
| Foreign Institutions | 2.65% | ||
| Mutual Funds | 9.35% | ||
| Retail Investors | 30.45% | 1.15 | |
| Others | 1.21% |
Key Indicators
M M Forgings Ltd Valuation
M M Forgings Ltd in the last 5 years
Lowest (6.89x)
July 16, 2019
Today (23.08x)
July 23, 2024
Industry (53.56x)
July 23, 2024
Highest (93.84x)
December 11, 2020
Earnings and Dividends
M M Forgings Ltd Earnings Results
M M Forgings Ltd’s net profit jumped 19.52% since last year same period to ₹36.80Cr in the Q4 2023-2024. On a quarterly growth basis, M M Forgings Ltd has generated 9.72% jump in its net profits since last 3-months.
Read More about Earnings ResultsM 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 1.24%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
M M Forgings Ltd is currently in a Neutral trading position according to technical analysis indicators.
Frequently Asked Questions
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M M Forgings Ltd (MMFL) share price today is ₹636.5
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 ₹650.
- Today’s lowest price of M M Forgings Ltd is ₹631.6.
PE Ratio of M M Forgings Ltd is 23.08
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 32.64K.
Today’s market capitalisation of M M Forgings Ltd(MMFL) is ₹3111.51Cr.
| M M Forgings Ltd(MMFL | Price |
|---|---|
52 Week High | ₹729.8 |
52 Week Low | ₹412.5 |
M M Forgings Ltd(MMFL) share price is ₹636.5. It is down -12.78% from its 52 Week High price of ₹729.8
M M Forgings Ltd(MMFL) share price is ₹636.5. It is up 54.30% from its 52 Week Low price of ₹412.5
| M M Forgings Ltd(MMFL | Returns |
|---|---|
1 Day Returns | -7.95% |
1 Month Returns | 6.08% |
3 Month Returns | 22.21% |
1 Year Returns | 39.3% |