MM Forgings
MM Forgings Share Price Chart
MM Forgings last traded at ₹562.00 (2026-10-13). Over the past month the stock moved -13.2%, three months the stock moved +19.4%, year the stock moved +68.9%. Its closing range over 52 weeks is ₹299.25 – ₹676.50, with the latest close 16.9% below the high.
Closing prices up to 2026-10-13.
About MM Forgings
M M Forgings Limited is engaged in the business of manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels. [1]
History[1] Established in 1946 and dealt in the retail business of imported Royal Enfield bikes. In 1974 it diversified to establish its first steel forging plant in Tamil Nadu. In 1990 it wound up its business of dealing in Royal Enfield Bikes & promoter's stake in Enfield India Limited was diluted to focus on the forging vertical.
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), MM Forgings reported sales of ₹420.00 crore (+16.0%) and net profit of ₹90.00 crore (+373.7%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 420.00 | 75.00 | 18.00 | 90.00 | 18.73 |
| Mar 2026 | 430.00 | 81.00 | 19.00 | 45.00 | 9.27 |
| Dec 2025 | 414.00 | 69.00 | 17.00 | 18.00 | 3.64 |
| Sep 2025 | 385.00 | 67.00 | 17.00 | 17.00 | 3.43 |
| Jun 2025 | 362.00 | 63.00 | 18.00 | 19.00 | 3.97 |
| Mar 2025 | 371.00 | 73.00 | 20.00 | 33.00 | 6.89 |
| Dec 2024 | 374.00 | 73.00 | 20.00 | 27.00 | 5.50 |
| Sep 2024 | 398.00 | 77.00 | 19.00 | 32.00 | 6.61 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +0.3% | -6.3% | -6.8% | -5.2% | -3.3% | +10.7% | +15.9% | +16.0% |
| Operating profit growth | +2.7% | -2.7% | -6.4% | -13.7% | -13.0% | -5.5% | +11.0% | +19.0% |
| Net profit growth | -8.6% | -20.6% | -10.8% | -36.7% | -46.9% | -33.3% | +36.4% | +373.7% |
| EPS growth | -9.9% | -20.7% | -9.6% | -36.3% | -48.1% | -33.8% | +34.5% | +371.8% |
| OPM % | 19.0% | 20.0% | 20.0% | 18.0% | 17.0% | 17.0% | 19.0% | 18.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), MM Forgings reported sales of ₹1,590.00 crore (+4.3%) and net profit of ₹99.00 crore (-18.9%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 1,590 | 280.00 | 18.00 | 99.00 | 20.44 |
| Mar 2025 | 1,525 | 296.00 | 19.00 | 122.00 | 25.24 |
| Mar 2024 | 1,563 | 293.00 | 19.00 | 135.00 | 27.96 |
| Mar 2023 | 1,462 | 273.00 | 19.00 | 128.00 | 26.49 |
| Mar 2022 | 1,140 | 209.00 | 18.00 | 91.00 | 18.84 |
| Mar 2021 | 752.00 | 129.00 | 17.00 | 46.00 | 9.54 |
| Mar 2020 | 769.00 | 132.00 | 17.00 | 42.00 | 8.68 |
| Mar 2019 | 934.00 | 175.00 | 19.00 | 66.00 | 13.56 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +46.2% | -17.7% | -2.2% | +51.6% | +28.2% | +6.9% | -2.4% | +4.3% |
| Operating profit growth | +34.6% | -24.6% | -2.3% | +62.0% | +30.6% | +7.3% | +1.0% | -5.4% |
| Net profit growth | +8.2% | -36.4% | +9.5% | +97.8% | +40.7% | +5.5% | -9.6% | -18.9% |
| EPS growth | +7.9% | -36.0% | +9.9% | +97.5% | +40.6% | +5.5% | -9.7% | -19.0% |
| OPM % | 19.0% | 17.0% | 17.0% | 18.0% | 19.0% | 19.0% | 19.0% | 18.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
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MM Forgings appoints Raghunathan as CFO
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Ramkrishna Forgings starts commercial production of 8000 Ton Hot Forging Press Line
Frequently Asked Questions
What is the share price of MM Forgings today?
MM Forgings shares were last quoted at ₹562.00 (+1.8% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of MM Forgings?
MM Forgings has a price-to-earnings (P/E) ratio of 17.56 and a price-to-book (P/B) ratio of 2.78. The industry P/E is 71.28.
What is the 52-week high and low of MM Forgings?
The 52-week high of MM Forgings is ₹690.10 and the 52-week low is ₹276.05.
What is the market cap of MM Forgings?
The market capitalisation of MM Forgings is about ₹2,973.42 crore.
How did MM Forgings perform in its latest quarterly results?
In the latest quarter (Jun 2026), MM Forgings reported sales of ₹420.00 crore (+16.0%) and net profit of ₹90.00 crore (+373.7%), compared with the same quarter last year.
Is MM Forgings a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, MM Forgings has a 3-year ROE of 14.00%, 3-year profit growth of -8.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in MM Forgings?
Promoters hold about 56.34% of MM Forgings.
Which sector does MM Forgings belong to?
MM Forgings belongs to the Auto Ancillaries - Castings/Forgings sector.
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