MM Forgings Limited (IN:MMFL)
:MMFL
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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 - ₹525.85
Previous CloseN/A
Volume76.93K
Average Volume (3M)24.04K
Market Cap
₹24.12B
Enterprise Value₹33.98B
Total Cash (Recent Filing)₹2.33B
Total Debt (Recent Filing)₹12.16B
Price to Earnings (P/E)24.9
Beta1.20
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)31.15
Revenue Forecast (FY)₹18.10B
Bulls Say, Bears Say
Bulls Say
Integrated Value-added Forging And MachiningMMFL’s integrated forging plus machining and finishing capability creates durable product stickiness with OEMs. Offering both raw forgings and fully finished components supports higher margin work, program continuity, and deeper customer relationships across automotive and industrial segments.
Multi-year Revenue Growth With Stable Gross MarginsSustained multi-year top-line growth combined with stable gross margins indicates durable demand and effective process control. This consistency supports long-term capacity utilization and pricing power in contract wins, underpinning predictable operating performance over the next several months.
Positive Operating Cash Flow GenerationConsistent positive operating cash flow shows the core business converts sales into cash, supporting working capital and ongoing operations. That operating cash strength provides a foundation to finance growth and service debt, even as capex temporarily depresses free cash flow.
Bears Say
Elevated Leverage And Debt RelianceA relatively high debt-to-equity profile reduces financial flexibility and increases interest obligations, making the company more sensitive to demand slowdowns or margin pressure. Even with improving equity ratio, elevated leverage constrains strategic options like faster deleveraging or shareholder returns.
Negative Free Cash Flow Due To Heavy CapexSustained negative free cash flow from large capital expenditures can strain liquidity and delay returns on invested capital. If new capacity or upgrades do not rapidly translate into higher margins or volumes, the company may face pressure to curb investment or raise external funds, affecting long-term plans.
Net Margin Softness And EPS DeclineRecent net margin softness and a notable EPS decline indicate rising expense or financing pressure that erodes bottom-line resilience. Persistent margin compression would reduce retained earnings available for debt reduction and reinvestment, limiting long-term earnings recovery even if revenue holds up.
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 ₹525.85 in the past 12 months.
What is MM Forgings Limited’s market cap?
MM Forgings Limited’s market cap is ₹24.12B.
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 24 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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