M M Forgings Ltd

M M Forgings Ltd (MMFL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-4.5 %
3 Month Return3.37 %
1 Year Return60.99 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 11
Rank 1
Rank 2
Dividend Yield
Rank 2
Rank 12
Price To Book Ratio
Rank 14
Debt To Asset
Rank 12

Company Information

Incorporated in 1946 Madras Motors Pvt Ltd the company went public in 1975. Originally dealing in imported motorcycles it later diversified to establish steel forging plants. The company changed to its present name M M Forgings on 1 Apr.93. It was promoted by S E Krishnan and S R Subramanian.The company manufactures carbon and alloy steel forgings with individual forging pieces weighing between 15 kg and 60 kg at its two forging units at Singampunari Madurai district and Viralimalai Trichy district combined capacity : 15000 tpa both in Tamilnadu. The companys products form important inputs for various critical components in the automobile tractor earthmoving power material handling oil railway and core engineering industries. The companys clientele includes Ashok Leyland BEML BHEL Audco Valves and Tractor Engineers. During 199495 the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity.During 2001 the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras LtdThe production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 200304.Machining capacity has also been substantially increased in line with changing customer demand.
OrganisationM M Forgings Ltd
IndustryCastings, Forgings & Fastners