MM Forgings Limited

MM Forgings Limited (MMFL) is a micro-cap Automobile and Auto Components company valued at ₹2,549 crore operating in Auto Components & Equipments on the NSE and BSE.

Recent price move

MM Forgings Limited last traded at ₹529.5, modestly down 1.73% on the day.

Recent developments

On 2026-07-21, the company announced a board meeting scheduled for 07-Aug-2026 to consider and approve the unaudited financial results for the quarter ended 2026-06-30.

Financial performance

The company's annual revenue rose 7.6% to ₹1,590 crore, but net profit fell 27.4% to ₹99 crore. The latest quarter saw revenue increase 17.4% to ₹410 crore, while net profit surged 311.0% to ₹90 crore, indicating a significant improvement in profitability compared to the same quarter a year earlier.

Valuation multiples

The stock trades at 19.0 times earnings, 3.19 times book value. It yields 0.6%.

Things to watch

The company's net profit margin has declined 3.0 percentage points to 6.2%, and return on equity is 0.0%, suggesting weak profitability relative to equity. The stock is 16.9% below its 52-week high, and domestic institutional holdings dropped 0.88 percentage points in the quarter.

Where it stands

The company's latest quarter showed a sharp rise in net profit, but annual net profit fell 27.4% despite revenue growth. The stock is trading 16.9% below its 52-week high, and the net profit margin has declined significantly. The most recent figure is the latest quarter net profit of ₹90 crore.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.