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Last Updated: 10 Mar 2026, 03:29:59 PM (IST)

M M Forgings Limited

NSE: MMFL BSE: MMFL

NSE
446.80 8.65 (1.97%)

Prev Close

438.15

Open Price

440.1

Volume

153,503

Today Low / High

429.4 / 452.85

52 WK Low / High

288.1 / 501.05

Range

424 - 469

BSE
444.80 2.05 (0.46%)

Prev Close

442.75

Open Price

442.15

Volume

3,667

Today Low / High

429.9 / 452

52 WK Low / High

276.05 / 500

Range

423 - 467

The stock is currently trading on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). On the NSE, the stock is priced at 446.8 (target range: 424 - 469), reflecting a change of 8.65 (1.97421%). On the BSE, it is listed at 444.8 (target range: 423 - 467), showing a change of 2.05 (0.46302%). Both the NSE and BSE data indicate positive movement, suggesting the stock is on an upward trend. This could be an attractive opportunity for investors looking for growth.

M M Forgings Limited Graph

M M Forgings Limited Price Target Predictions: Bullish vs. Bearish Scenarios with Ranges

If you are looking for the target price for M M Forgings Limited T1, T2, T3 for both Bullish and Bearish scenarios, here it is. For Bullish: T1, T2, T3. For Bearish: T1, T2, T3. The stock current price is 446.80, with potential price targets ranging from T1, T2, and T3 in both directions based on market conditions.

Scenario Price Target Range
Bullish Scenario 444.80 449.25 404.32 - 494.17
453.70 362.96 - 544.44
458.14 320.70 - 595.59
Bearish Scenario 444.80 440.35 396.32 - 484.39
435.90 348.72 - 523.08
431.46 302.02 - 560.89

Overview of M M Forgings Limited

ISIN

INE227C01017

Industry

Manufacturing - Metal Fabrication

Vol.Avg

337,493

Market Cap

22,156,426,240

Last Dividend

4

Official Website

Visit Website

IPO Date

2006-12-20

DCF Diff

121.19

DCF

338

Financial Ratios Every Investor Needs

Stock Dividend of MMFL

Date Label Adj Dividend Dividend Record Date Payment Date Declaration Date
2025-07-30 July 30, 25 4 4 2025-07-30 2025-08-29
2024-06-14 June 14, 24 4 8 2024-06-14 2024-06-21
2023-05-29 May 29, 23 3 6
2022-06-06 June 06, 22 3 6 2022-06-07 2022-06-23
2021-07-01 July 01, 21 2.5 5 2021-07-02 2021-07-20

Stock Rating Details for MMFL

Metric Value Recommendation
Overall Rating C Sell
DCF Score 3 Neutral
ROE Score 1 Strong Sell
ROA Score 1 Strong Sell
Debt-to-Equity (DE) Score 1 Strong Sell
Price-to-Earnings (PE) Score 3 Neutral
Price-to-Book (PB) Score 1 Strong Sell

Annual Financial Income Report

Date Revenue Co.Rev GP GPR R&D Expenses G&A Expenses Operating Income Net Income EPS EBITDA NIR
2025-03-31 1,525.18 Cr 1,054.89 Cr 470.29 Cr 0.3083 0.68 Cr 0.00 Cr 202.82 Cr 121.81 Cr 25.27 318.72 Cr 0.0799
2024-03-31 1,563.07 Cr 1,231.40 Cr 331.66 Cr 0.2122 0.76 Cr 59.79 Cr 210.02 Cr 135.04 Cr 27.97 314.62 Cr 0.0864
2023-03-31 1,461.88 Cr 684.08 Cr 307.31 Cr 0.2102 1.00 Cr 0.00 Cr 194.04 Cr 127.95 Cr 26.50 285.34 Cr 0.0875
2022-03-31 1,139.63 Cr 666.14 Cr 473.49 Cr 0.4155 1.00 Cr 0.22 Cr 140.95 Cr 91.00 Cr 18.85 224.35 Cr 0.0798
2021-03-31 752.09 Cr 495.10 Cr 287.49 Cr 0.3822 1.00 Cr 0.19 Cr 63.98 Cr 46.06 Cr 9.54 128.66 Cr 0.0612

Annual Financials Balance Sheet

Date C&C Equ. Tot. Assets Tot. Liab. Stock. Equity Tot. Debt Net Debt Inv. PP&E (Net) Curr. Def. Rev. Non-Curr. Def. Rev. LT Invest. Curr. Liab.
2025-03-31 217.94 Cr 2,369.69 Cr 1,477.25 Cr 892.0824 Cr 1,051.38 Cr 833.44 Cr 341.69 Cr 1,347.77 Cr 0.00 Cr 6.14 Cr 3.84 Cr 791.5544 Cr
2024-03-31 209.26 Cr 1,967.95 Cr 1,178.86 Cr 788.7329 Cr 930.83 Cr 721.57 Cr 344.91 Cr 1,035.12 Cr 0.00 Cr 1.84 Cr 22.30 Cr 742.6104 Cr
2023-03-31 218.15 Cr 1,663.57 Cr 990.19 Cr 673.0200 Cr 755.90 Cr 436.33 Cr 305.80 Cr 866.78 Cr 28.87 Cr 0.87 Cr 27.91 Cr 622.6400 Cr
2022-03-31 226.02 Cr 1,414.25 Cr 854.70 Cr 559.5491 Cr 684.55 Cr 370.37 Cr 203.80 Cr 744.55 Cr 24.48 Cr 1.26 Cr 27.68 Cr 469.4291 Cr
2021-03-31 186.83 Cr 1,267.26 Cr 780.10 Cr 487.1606 Cr 615.11 Cr 428.28 Cr 178.90 Cr 690.25 Cr -68.21 Cr 0.81 Cr 3.29 Cr 434.7116 Cr

Annual Financials Cash Flow Statement

Date Operating Cash Investing Cash Financing Cash Free Cash Cash Change Cash at End CapEx Income Debt Repay Dividends Inventory
2025-03-31 181.6204 Cr -383.6657 Cr 251.4557 Cr -260.5709 Cr 1.1789 Cr 4.7177 Cr -402.7422 Cr 121.8060 Cr 244.7988 Cr -19.3126 Cr -5.1399 Cr
2024-03-31 131.2361 Cr -232.1220 Cr 94.4987 Cr -122.5761 Cr -6.3872 Cr 209.2615 Cr -253.8122 Cr 189.4968 Cr 156.1873 Cr -14.4845 Cr -39.1143 Cr
2023-03-31 166.8000 Cr -185.2800 Cr 16.4889 Cr -32.1500 Cr -7.9600 Cr 218.0500 Cr -198.9500 Cr 176.7300 Cr 64.6426 Cr -14.4845 Cr -101.7100 Cr
2022-03-31 151.2712 Cr -125.5574 Cr 14.1167 Cr 37.8840 Cr 38.9885 Cr 226.0149 Cr -113.3872 Cr 128.8570 Cr 60.7819 Cr -14.5509 Cr -24.0022 Cr
2021-03-31 20.3455 Cr -11.4086 Cr 3.2857 Cr -12.1281 Cr 12.2030 Cr 186.8326 Cr -31.8790 Cr 52.1784 Cr 33.1137 Cr -2.1089 Cr -43.0125 Cr

Quarterly Financial Income Report

Date Revenue Co.Rev GP GPR Operating Income Net Income EPS EBITDA NIR
2025-12-31 413.64 Cr 302.96 Cr 110.69 Cr 0.2676 43.19 Cr 17.57 Cr 3.64 69.34 Cr 0.0425
2025-09-30 377.83 Cr 197.49 Cr 180.34 Cr 0.4773 42.35 Cr 16.57 Cr 3.43 70.49 Cr 0.0439
2025-06-30 354.21 Cr 200.60 Cr 153.60 Cr 0.4337 38.24 Cr 19.19 Cr 3.97 71.07 Cr 0.0542
2025-03-31 370.64 Cr 267.91 Cr 102.73 Cr 0.2772 47.31 Cr 33.27 Cr 6.90 79.34 Cr 0.0898
2024-12-31 372.49 Cr 191.12 Cr 181.37 Cr 0.4869 50.48 Cr 26.51 Cr 5.50 76.65 Cr 0.0712

Quarterly Financials Balance Sheet

Date Cash & Equiv. Short-Term Inv. Cash & Short-Term Net Receivables Inventory Total Curr. Assets PP&E (Net) Total Assets Total Liabilities
2025-09-30 232.26 Cr 0.93 Cr 233.19 Cr 455.97 Cr 371.43 Cr 1,060.71 Cr 1,386.67 Cr 2,482.97 Cr 1,555.56 Cr
2025-06-30 0.00 Cr 0.00 Cr 217.94 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr -891.64 Cr
2025-03-31 217.94 Cr 0.00 Cr 217.94 Cr 372.60 Cr 341.69 Cr 965.54 Cr 1,347.77 Cr 2,369.69 Cr 1,477.25 Cr
2024-12-31 0.00 Cr 0.00 Cr 218.17 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr -851.91 Cr
2024-09-30 217.39 Cr 0.78 Cr 218.17 Cr 321.35 Cr 394.59 Cr 985.63 Cr 1,247.41 Cr 2,279.13 Cr 1,427.22 Cr

Quarterly Financials Cash Flow Statement

Date Net Income Operating Cash Flow Investing Cash Flow Financing Cash Flow Net Cash Change Cash at End Cash at Beginning CapEx Free Cash Flow
2025-06-30 19.19 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr
2025-03-31 33.33 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr
2024-12-31 26.51 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr
2024-09-30 31.91 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr
2024-06-30 30.11 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr 0.00 Cr

Splits History

Date Label Split Ratio
2024-07-16 July 16, 24 2:1
2018-07-18 July 18, 18 2:1
2008-09-26 September 26, 08 2:1

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Key Executives

Company Secretary & Compliance Officer
Chandrasekar S

Gender: male

Year Born:

Head of Plant1 & Senior Manager
K. Muthuveeran

Gender: male

Year Born:

Whole Time Director & Director of Operations
Krishnakumar Raman

Gender: male

Year Born: 1972

Whole Time Director & Director of Commercial
Ramnath Nagarajan

Gender: male

Year Born: 1967

Chief Financial Officer
R. Venkatakrishnan

Gender: male

Year Born:

Head of Purchase
R Santhanam

Gender: Not Specified

Year Born:

Joint MD & Executive Director
Venkatramanan Krishnan

Gender: male

Year Born: 1969

Chairman & MD
Vidyashankar Krishnan

Gender: male

Year Born: 1965

President of Corporate HR
Selvavinayaga Raja A

Gender: Not Specified

Year Born:

FAQs about M M Forgings Limited

Who is the CEO of the company?

The CEO is Vidyashankar Krishnan.

What is the current market price of the stock?

The current price is ₹458.90.

What is the 52-week price range?

The range is ₹288.1-501.05.

What is the market capitalization of the company?

The market capitalization is ₹2,215.64 crores.

What is the dividend yield?

The dividend yield is 0.87%.

What is the Price-to-Earnings (P/E) ratio?

The P/E ratio is 25.58.

Which sector does the company belong to?

The company operates in the Industrials sector.

What does the company do?

Overview of M M Forgings Limited (ISIN: INE227C01017) is a leading Manufacturing - Metal Fabrication in India. With a market capitalization of ₹2,215.64 crores and an average daily volume of 337,493 shares, it operates in the Manufacturing - Metal Fabrication. The company last declared a dividend of ₹4.