MM Forgings Limited

MM Forgings Limited (MMFL) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

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Key metrics

Price as of 2026-09-02

Stock price
₹648.05
Market cap
3,129 Cr
Stock P/E
18.4
P/B
3.20
Dividend yield
0.6%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales397 Cr399 Cr397 Cr382 Cr398 Cr374 Cr371 Cr362 Cr385 Cr414 Cr430 Cr410 Cr
Operating expenses (approx.)322 Cr323 Cr320 Cr309 Cr321 Cr301 Cr298 Cr298 Cr318 Cr344 Cr349 Cr346 Cr
EBITDA75 Cr75 Cr78 Cr73 Cr77 Cr73 Cr73 Cr63 Cr67 Cr69 Cr81 Cr64 Cr
OPM %18.8%18.9%19.5%19.1%19.3%19.5%19.7%17.5%17.3%16.8%18.8%15.7%
Other income4 Cr5 Cr6 Cr6 Cr7 Cr4 Cr6 Cr8 Cr4 Cr3 Cr0.67 Cr17 Cr
Interest9 Cr11 Cr13 Cr15 Cr16 Cr15 Cr14 Cr18 Cr21 Cr20 Cr18 Cr16 Cr
Depreciation21 Cr21 Cr20 Cr22 Cr23 Cr23 Cr26 Cr25 Cr24 Cr26 Cr28 Cr30 Cr
Profit before tax50 Cr49 Cr50 Cr42 Cr45 Cr39 Cr40 Cr28 Cr25 Cr26 Cr35 Cr91 Cr
Tax %28.7%31.4%27.0%28.5%28.9%31.1%17.1%30.7%33.9%32.6%-26.4%1.0%
Net profit35 Cr34 Cr37 Cr30 Cr32 Cr27 Cr33 Cr19 Cr17 Cr18 Cr45 Cr90 Cr
EPS (₹)₹14.69₹13.90₹15.24₹12.47₹6.61₹5.50₹6.90₹3.97₹3.43₹3.64₹9.27₹18.73

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales934 Cr769 Cr744 Cr1,123 Cr1,462 Cr1,563 Cr1,525 Cr1,590 CrSign in for TTM
Operating expenses (approx.)754 Cr637 Cr617 Cr931 Cr1,189 Cr1,270 Cr1,229 Cr1,310 CrSign in for TTM
EBITDA180 Cr132 Cr127 Cr192 Cr273 Cr293 Cr296 Cr280 CrSign in for TTM
OPM %19.2%17.2%17.1%17.1%18.7%18.7%19.4%17.6%Sign in for TTM
Other income16 Cr19 Cr18 Cr31 Cr12 Cr20 Cr23 Cr16 CrSign in for TTM
Interest32 Cr38 Cr31 Cr28 Cr30 Cr43 Cr60 Cr78 CrSign in for TTM
Depreciation58 Cr60 Cr63 Cr68 Cr79 Cr83 Cr93 Cr103 CrSign in for TTM
Profit before tax106 Cr53 Cr52 Cr129 Cr177 Cr189 Cr166 Cr115 CrSign in for TTM
Tax %25.7%21.1%10.5%13.9%27.7%28.8%26.5%14.1%Sign in for TTM
Net profit79 Cr42 Cr47 Cr111 Cr128 Cr135 Cr122 Cr99 CrSign in for TTM
EPS (₹)₹32.66₹17.37₹19.35₹45.98₹53.00₹55.84₹25.24₹20.44Sign in for TTM
Dividend payout %———13.1%11.3%10.7%15.8%19.6%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr24 Cr24 Cr24 Cr24 Cr24 Cr48 Cr48 Cr
Reserves403 Cr433 Cr463 Cr535 Cr649 Cr765 Cr844 Cr929 Cr
Borrowings634 Cr492 Cr532 Cr596 Cr654 Cr804 Cr1,051 Cr1,074 Cr
Other liabilities160 Cr185 Cr248 Cr274 Cr336 Cr368 Cr426 Cr472 Cr
Total liabilities1,221 Cr1,134 Cr1,267 Cr1,430 Cr1,664 Cr1,961 Cr2,370 Cr2,524 Cr
Fixed assets (net)691 Cr725 Cr693 Cr745 Cr804 Cr914 Cr964 Cr1,101 Cr
CWIP————63 Cr124 Cr383 Cr337 Cr
Investments3 Cr3 Cr3 Cr22 Cr22 Cr23 Cr4 Cr10 Cr
Loans & advances42 Cr26 Cr29 Cr31 Cr10 Cr36 Cr33 Cr42 Cr
Inventories195 Cr134 Cr179 Cr204 Cr316 Cr345 Cr342 Cr334 Cr
Trade receivables90 Cr21 Cr133 Cr172 Cr202 Cr275 Cr373 Cr457 Cr
Cash & bank172 Cr176 Cr187 Cr226 Cr218 Cr209 Cr217 Cr225 Cr
Other assets28 Cr50 Cr43 Cr29 Cr28 Cr35 Cr53 Cr20 Cr
Total assets1,221 Cr1,134 Cr1,267 Cr1,430 Cr1,664 Cr1,961 Cr2,370 Cr2,524 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity———151 Cr167 Cr131 Cr183 Cr230 Cr
Cash from investing———-126 Cr-185 Cr-232 Cr-358 Cr-181 Cr
Cash from financing———13 Cr11 Cr94 Cr183 Cr-41 Cr
Net cash flow———39 Cr-8 Cr-6 Cr8 Cr8 Cr
Free cash flow (OCF − Capex)———151 Cr167 Cr131 Cr183 Cr230 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2019BSE balance sheet (this exchange's own filing had none for this period)Mar 2020BSE balance sheet (this exchange's own filing had none for this period)Mar 2021BSE balance sheet (this exchange's own filing had none for this period)Mar 2022BSE balance sheet (this exchange's own filing had none for this period)Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.0%20.0%8.2%13.6%15.6%14.6%11.6%9.4%
ROE %19.6%0.0%10.3%19.8%0.0%17.1%13.7%0.0%
Debtor days35106556506489105
Inventory days156145199141154162188191
Days payable468313289837598129
Cash conversion cycle14471133108121151179166
Debt / equity1.480.001.091.060.971.021.181.10
Current ratio1.401.151.171.301.201.171.221.18
Net debt / EBITDA0.000.000.000.001.602.032.823.03

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