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
₹17.82B
Enterprise Value₹29.39B
Total Cash (Recent Filing)₹2.33B
Total Debt (Recent Filing)₹12.16B
Price to Earnings (P/E)24.9
Beta1.16
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
Multi-year Revenue GrowthConsistent multi-year revenue expansion, paired with stable gross margins, indicates durable demand for MMFL’s products and effective cost control. This trend supports scalable operations, helps absorb incremental fixed costs, and underpins longer-term revenue visibility from OEM and supplier relationships.
Positive Operating Cash GenerationPositive operating cash flow aligned with reported profitability demonstrates the core forging and machining operations generate real cash. That operational cash supports reinvestment, working capital and debt servicing, improving resilience versus businesses reliant on accrual earnings alone.
Integrated Forgings Plus Value-added MachiningAn integrated model—precision forgings plus machining and finishing—creates higher value per part, increases customer stickiness through ready-to-assemble supply, and reduces commodity exposure. This vertical capability supports margin sustainability and competitive differentiation with OEMs and tiered suppliers.
Bears Say
Elevated LeverageA relatively high debt-to-equity ratio increases financial risk, elevates interest burden and reduces flexibility to fund growth or absorb demand shocks. Even with an improving equity ratio, sustained leverage constrains strategic options and heightens refinancing and covenant risk over the medium term.
Negative Free Cash Flow From Heavy CapexLarge, sustained capex leading to negative free cash flow can strain liquidity and force external financing or higher leverage to fund growth. If capital projects take time to convert into profitable volumes, FCF pressure may persist and limit ability to pay down debt or return capital to shareholders.
Net Margin Softness And EPS DeclineA slipping net margin coupled with a steep EPS decline indicates rising expense pressure or mix shifts that erode bottom-line resilience. Weakening profitability reduces internal cash generation, complicates deleveraging and raises the bar for management to restore sustainable margin levels amid cyclical end markets.
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 ₹17.82B.
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 50 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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