What the business is, and whether it's a good one at a fair price.
Manufactures steel forgings for automotive and commercial-vehicle customers, with 93.42% of revenue from a single segment. FY26 revenue was Rs 1,589.87 crore, with domestic sales at ~Rs 986 crore (64% of total) and exports at ~Rs 543 crore across 16 countries (35.5% of revenue). The US is the swing geography — its share fell from 16–17% to 9% as the Class 8 truck cycle bottomed, but management flagged early recovery. Raw materials are the largest cost at 40.1% of revenue, followed by other opex at 26.4% and employees at 11.1%. Debt is held around Rs 1,200 cr, and the company shifted to 100% green power effective Feb 2026 (estimated Rs 15 cr annual EBITDA tailwind). It also operates an EV-motor subsidiary (Abinava Rize) that is currently burning ~Rs 1 cr/month.
Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from MM FORGINGS LTD's filed financials and exchange disclosures
MM FORGINGS LTD is a Auto Components company listed on NSE and BSE, trading under the symbol MMFL.
Yes. Over the trailing twelve months MM FORGINGS LTD reported a net profit of ₹169 Cr on revenue of ₹1,638 Cr.
Yes. The dividend yield is 0.63% at the current price. It paid out 20% of its profit as dividend in FY26.
No. Debt stands at 1.10× equity, and it carries net debt of ₹849 Cr. That is lower than 8% of its 119 Auto Components & Equipments peers.
On trailing P/E, MM FORGINGS LTD ranks 39 of 123 in Auto Components & Equipments — cheaper than 69% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.
On a typical session MM FORGINGS LTD moves 1.30% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by MM FORGINGS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
