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MM Forgings Limited (IN:MMFL)
:MMFL
MMFL Stock Chart & Stats
₹410.60
-₹5.35(-1.23%)
At close: 4:00 PM EST
₹410.60
-₹5.35(-1.23%)
Day’s Range― - ―
52-Week Range₹276.05 - ₹500.00
Previous CloseN/A
Volume76.93K
Average Volume (3M)24.04K
Market Cap
₹21.03B
Enterprise Value₹31.03B
Total Cash (Recent Filing)₹2.18B
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)24.9
Beta1.22
Next Earnings
May 22, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend Yield1.07%
Share Statistics
EPS (TTM)5.30
Shares Outstanding48,281,600
10 Day Avg. Volume2,841
30 Day Avg. Volume24,036
Financial Highlights & Ratios
PEG Ratio-1.43
Price to Book (P/B)1.88
Price to Sales (P/S)1.10
P/FCF Ratio-6.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹600.00Price Target Upside46.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)20.1
Revenue Forecast (FY)₹14.83B
Bulls Say, Bears Say
Bulls Say
Multi-year Revenue GrowthConsistent multi-year revenue expansion with stable gross margins indicates durable demand for core forgings and effective cost control. Over 2–6 months this underpins predictable top-line cash generation and supports reinvestment, pricing power, and dealer/OEM supply relationships.
Positive Operating Cash FlowSustained positive operating cash flow shows the underlying manufacturing operations convert sales into cash, supporting working capital needs and interest servicing. This durability reduces reliance on short-term funding and allows continued capex or debt reduction over time if sustained.
Integrated OEM-facing Business ModelA vertically integrated offering—closed-die forgings plus value-added machining—creates higher switching costs and sticky OEM relationships. Delivering ready-to-assemble parts increases customer dependence and supports margin sustainability and long-term contract opportunities in industrial supply chains.
Bears Say
Elevated LeverageElevated debt-to-equity raises refinancing and interest-rate sensitivity risk, constraining financial flexibility for acquisitions, dividend policy, or weathering demand slowdowns. Over several months, high leverage can force prioritization of debt service over strategic investments, limiting optionality.
Negative Free Cash Flow From Heavy CapexLarge, sustained capex leading to negative free cash flow signals the company is investing for growth but reduces retained liquidity. If revenue or margins disappoint, continued capex can amplify funding needs, increasing reliance on debt or equity and pressuring longer-term financial resilience.
Earnings And Margin PressureA sharp EPS decline and noted net margin softness indicate rising costs or margin compression. If persistent, this erodes return on equity and limits internal funding for growth or deleveraging. Structural margin recovery is required to restore sustainable shareholder returns.
MM Forgings Limited News
MMFL FAQ
What was MM Forgings Limited’s price range in the past 12 months?
MM Forgings Limited lowest stock price was ₹276.05 and its highest was ₹500.00 in the past 12 months.
What is MM Forgings Limited’s market cap?
MM Forgings Limited’s market cap is ₹21.03B.
When is MM Forgings Limited’s upcoming earnings report date?
MM Forgings Limited’s upcoming earnings report date is May 22, 2026 which is in 77 days.
How were MM Forgings Limited’s earnings last quarter?
MM Forgings Limited released its earnings results on Feb 13, 2026. The company reported ₹5.3 earnings per share for the quarter, beating the consensus estimate of N/A by ₹5.3.
Is MM Forgings Limited overvalued?
According to Wall Street analysts MM Forgings Limited’s price is currently Undervalued.
Does MM Forgings Limited pay dividends?
MM Forgings Limited pays a Annually dividend of ₹4 which represents an annual dividend yield of 1.07%. See more information on MM Forgings Limited dividends here
What is MM Forgings Limited’s EPS estimate?
MM Forgings Limited’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does MM Forgings Limited have?
MM Forgings Limited has 48,281,600 shares outstanding.
What happened to MM Forgings Limited’s price movement after its last earnings report?
MM Forgings Limited reported an EPS of ₹5.3 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went down -1.919%.
Which hedge fund is a major shareholder of MM Forgings Limited?
Currently, no hedge funds are holding shares in IN:MMFL
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
MM Forgings Limited
M M Forgings Limited, together with its subsidiaries, designs, manufactures, and sells steel forgings for passenger cars, commercial vehicles, off highway, agricultural, and high pressure valves in India. It offers closed die forgings, such as axle beams, steering knuckles, crankshaft, axle spindles, gear blanks, sockets, front hubs, ball studs, cross, and differential spiders. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
MMFL Stock 12 Month Forecast
Average Price Target
₹600.00
▲(46.13% Upside)
Technical Analysis
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