Integrated Value-added ManufacturingMM Forgings' integrated model—combining precision forging with machining and finishing—creates stickier OEM relationships and higher-value sales. Supplying ready-to-assemble parts reduces customers' assembly needs, supports pricing power on complex parts, and diversifies revenue across product and service streams.

Multi-year Revenue Growth And Stable Gross MarginsSustained revenue expansion across years and consistent gross margins indicate durable end-market demand and effective production cost control. This combination supports scalable operating leverage, helps absorb cyclical downturns in industrial demand, and underpins long-term profitability resilience.

Positive Operating Cash Generation And Improving Equity RatioPositive operating cash flow aligned with profitability shows the core business generates cash, enabling reinvestment into capacity. The reported improvement in equity ratio further signals strengthening solvency, giving management room to fund growth and service obligations while scaling production capabilities.

Bears Say

Elevated LeverageA high debt-to-equity profile raises long-term financing risk: interest expense volatility and refinancing needs can constrain strategic flexibility. In cyclical industrial markets, elevated leverage reduces the buffer for margin pressure or demand shocks, increasing the company's financial vulnerability over months.

Negative Free Cash Flow From Heavy CapexLarge, sustained capex programs are depressing free cash flow, forcing reliance on external financing or slower deleveraging. If returns on these investments take time to materialize, the firm faces constrained cash available for debt reduction, dividends, or opportunistic investments, raising structural funding risk.

Net Margin Softness And EPS DeclineA slipping net margin combined with recent EPS contraction implies cost or mix pressures that erode shareholder returns. Persisting margin softness will limit internal cash generation and make it harder to deleverage, requiring either sustained top-line improvement or structural cost reductions to restore profitability.

MM Forgings Limited News

MM Forgings Limited Announces Trading Window Closure

MM Forgings Limited ( ($IN:MMFL) ) has provided an announcement. MM Forgings Limited has announced the closure of...

5M ago

MMFL

MM Forgings Limited Appoints New Secretarial Auditor

MM Forgings Limited ( ($IN:MMFL) ) just unveiled an update. MM Forgings Limited has announced the appointment of...

7M ago

MMFL

MM Forgings Limited Appoints New Independent Director

The latest update is out from MM Forgings Limited ( ($IN:MMFL) ). MM Forgings Limited has announced a...

11M ago

MMFL

MM Forgings Limited Approves Postal Ballot for Director Appointment

MM Forgings Limited ( ($IN:MMFL) ) has issued an update. MM Forgings Limited has announced the approval of...

11M ago

MMFL

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 ₹477.00 in the past 12 months.

What is MM Forgings Limited’s market cap?

MM Forgings Limited’s market cap is ₹22.46B.

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 94 days.

How were MM Forgings Limited’s earnings last quarter?

MM Forgings Limited released its earnings results on Feb 13, 2026. The company reported ₹3.639 earnings per share for the quarter, beating the consensus estimate of N/A by ₹3.639.

Is MM Forgings Limited overvalued?

According to Wall Street analysts MM Forgings Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

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 ₹3.639 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.