MM Forgings Share Price

₹ 493.05

-₹5.35 (-1.07%)

Last updated 03 Nov, 2026, 15:29 IST

NSE: MMFL

MM Forgings Share Price Today

As of 4 Nov 2026, MM Forgings share price is ₹493.05. The stock opened at ₹502.40, compared to its previous close of ₹498.40. During today's trading session, MM Forgings share price moved in the range of ₹491.55 to ₹519.00, with an average price of ₹505.27 for the day. Looking at its last 52-week, the stock has touched a low of ₹295.20 and a high of ₹687.95.

₹491.55

1.07% down today

₹519.00

1D LOW

1D HIGH

MM Forgings Stock Insights

Latest Earning

Op Profit TrendDown by 1.04% QoQ

Latest Earning

Net Profit TrendUp by 102.10% QoQ

Latest Earning

Revenue TrendUp by 3.72% YoY

Stock Performance

OutperformingBeat Nifty by 4.33 % in last 6 month

Shareholding Pattern

DIIDII increased stake by 0.28%

Shareholding Pattern

FIIFII increased stake by 27.52%

MM Forgings Stock Insights

Latest Earning

Op Profit TrendDown by 1.04% QoQ

Latest Earning

Net Profit TrendUp by 102.10% QoQ

Latest Earning

Revenue TrendUp by 3.72% YoY

Stock Performance

OutperformingBeat Nifty by 4.33 % in last 6 month

Shareholding Pattern

DIIDII increased stake by 0.28%

Shareholding Pattern

FIIFII increased stake by 27.52%

MM Forgings stock performance
Open	₹502.40
High	₹519.00
Low	₹491.55
Prev. close	₹498.40

MM Forgings trading activity
Volume	1,00,318
Average traded price	₹501.73
Last traded time	03:29:56 03 Nov
Last traded quantity	6

₹398.75₹598.05

Circuit Low

Circuit High

₹295.20₹687.95

52-Week Low

52-Week High

Circuit

₹398.75

₹598.05

52-week

₹295.20

₹687.95

Mkt Cap Cr

2,405.15

P/E

14.2

P/B

2.47

ROA

6.71%

ROE

10.09%

ROCE

9.35%

Quick Ratio

0.78

EV/EBITDA

9.23

Mkt Cap Cr

2,405.15

P/E

14.2

P/B

2.47

ROA

6.71%

ROE

10.09%

ROCE

9.35%

Quick Ratio

0.78

EV/EBITDA

9.23

Based on fundamentals, this stock's

Performance

Very Poor

M M Forgings has not beaten FD return of 7%

Valuation

Fairly Valued

M M Forgings appears to be fairly valued compared to its peers

Earnings

Neutral

M M Forgings earnings growth is positive

Peer Comparison

Peer comparison — key ratios
Name	Mkt Cap Cr	P/E	P/B	ROA	ROE	ROCE	Quick Ratio	EV/EBITDA
Bharat Forge	85,566.23	119.6	7.39	3.21%	11.27%	11.36%	0.75	34.24
PTC Industries	38,558.65	307.02	11.66	6.42%	6.74%	7.62%	2.29	183.79
AIA Engineering	33,686.32	26.63	4.2	14.81%	15.83%	20.25%	15.71	19.11
HAPPYFORGE	16,526.34	50.48	7.77	12.44%	14.17%	16.78%	1.84	30.96
Cie Automotive India	13,347.87	21.54	2.51	8.0%	11.41%	14.5%	1.05	12.28
Ramkrishna Forgings	12,915.67	69.05	3.59	2.42%	5.2%	7.82%	0.56	17.03
Kennametal India	5,175.22	44.19	8.01	14.11%	17.66%	23.62%	1.21	25.9
BALU FORGE INDUSTRIES LTD	5,719.99	21.35	3.59	14.48%	16.24%	18.47%	2.89	15.65
Electrosteel Castings	4,103.51	34.04	0.69	1.28%	3.2%	4.97%	0.98	10.83
STEELCAST LIMITED	3,669.01	40.46	9.29	19.71%	21.99%	29.55%	4.28	25.99

Auto-generated based on historical fundamentals; not a recommendation to buy/sell.

MM Forgings Company Background

ISIN

INE227C01017

Sector Market Cap

₹ 2,405.15 Cr

MM Forgings Limited is engaged in the manufacture of steel forgings. The Company’s product categories include Passenger Cars, Commercial Vehicles, Agricultural, Off-Highway, and High Pressure Values. The Passenger Cars category includes products, such as sprocket, flange housing, connecting rod, rail forging, hub, and knuckle. The Commercial Vehicles category includes products, such as front axle beam, universal joint cross, steering arm, planetary wheel carrier, pivot arm, upper arm shaft, shifter fork, and rear axle spindle. The Agricultural category includes products such as yoke shaft, double yoke, crankshaft-single-cylinder, crankshaft-three-cylinder, crankshaft-six-cylinder, and crankshaft-two-cylinder. The Off Highway category includes products, such as link, lever, fit yoke, and yoke. The High Pressure Values category includes products, such as the body and bonnet. The Company has its machining plant in Kursi Road, Barabanki, situated in the state of Uttar Pradesh.

MM Forgings Financial Highlights

Revenue: MM Forgings reported revenue of ₹1,605.48 crore in FY26 vs ₹1,547.83 crore in FY25. It showed an increase of 3.72% on a yearly basis.
Operating Profit: MM Forgings reported an operating profit of ₹114.27 crore in FY26 vs ₹165.68 crore in FY25. It showed a decrease of 31.03% on a year-on-year basis.
Net Profit: MM Forgings reported a net profit of ₹98.67 crore in FY26 vs ₹121.86 crore in FY25. It showed a decrease of 19.03% on a yearly basis.

MM Forgings Quarterly Result Highlights

MM Forgings reported revenue of ₹426.76 crore in Jun 2026, compared with ₹430.32 crore in Mar 2026, representing a decrease of 0.83% on a quarter-on-quarter (QoQ) basis.
MM Forgings reported an operating profit of ₹35.07 crore in Jun 2026, compared with ₹35.44 crore in Mar 2026, representing a decrease of 1.04% on a quarter-on-quarter (QoQ) basis.
MM Forgings reported a profit of ₹90.42 crore in Jun 2026, compared with ₹44.74 crore in Mar 2026, reflecting an increase of 102.10% on a QoQ basis.
The earnings per share (EPS) of MM Forgings stood at ₹20.44 during Jun 2026.

Data Source: BSE, Company announcements

Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.

Promoters

56.34%

FII

3.11%

Other DII

0.36%

Retail and other

33.15%

Mutual funds

7.05%

Foreign Institutional Investor (FII)

FII shareholding by period
Dec 2025	1.74%
Mar 2026	1.86%
Jun 2026	2.44%
Sep 2026	3.11%

MM Forgings Investment Returns

1 day

1 week

1 month

1 year

3 years

5 years

MM Forgings Share Price History

MM Forgings share price history by day, showing open and close prices and the percentage change
Day	Open / Close	Change %
03 Nov 26	₹502.40 / ₹493.05	-1.07%
02 Nov 26	₹483.75 / ₹498.40	+3.21%
30 Oct 26	₹499.70 / ₹482.90	-2.26%
29 Oct 26	₹484.00 / ₹494.05	+2.34%
28 Oct 26	₹491.15 / ₹482.75	-1.70%
27 Oct 26	₹486.95 / ₹491.10	+1.04%
26 Oct 26	₹479.75 / ₹486.05	+1.31%
23 Oct 26	₹489.40 / ₹479.75	-1.56%
22 Oct 26	₹494.50 / ₹487.35	+0.02%
21 Oct 26	₹508.65 / ₹487.25	-4.21%

MM Forgings Financials

Full statement

Income Statement · Consolidated

Income Statement · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Revenue	₹1,589.87	₹1,525.18	₹1,563.07	₹1,461.88
Other Income	₹15.61	₹22.65	₹20.49	₹12.04
Total Revenue	₹1,605.49	₹1,547.83	₹1,583.55	₹1,473.92
Total Expenses	₹1,491.21	₹1,382.15	₹1,395.37	₹1,297.41
Profit Before Tax	₹114.82	₹165.74	₹189.49	₹176.96
Tax	₹16.15	₹42.52	₹54.45	₹49.01
Profit After Tax	₹98.67	₹123.22	₹135.04	₹127.95
EPS - Basic	₹20.44	₹25.52	₹55.94	₹53.00
EPS - Diluted	₹20.44	₹25.52	₹55.94	₹53.00

Cash Flow · Consolidated

Cash Flow · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Profit before tax	₹114.82	₹165.74	₹189.50	₹176.95
Income before WC changes	₹283.81	₹300.22	₹298.86	₹276.24
Change in Assets	-₹90.88	-₹56.55	-₹83.65	-₹131.42
Change in Liabilities	₹51.59	-₹2.99	-₹34.54	₹57.91
Change in WC	-₹39.30	-₹59.55	-₹118.19	-₹73.51
Cash flow from Operations	₹227.63	₹181.62	₹148.67	₹160.31
Cash flow from Investing	-₹182.02	-₹358.21	-₹232.12	-₹187.17
Cash flow from Financing	-₹38.11	₹184.72	₹77.07	₹16.49
Total Cash Flow	₹7.50	₹8.13	-₹6.39	-₹10.37
Cash (Start of the year)	₹217.94	₹209.80	₹216.19	₹226.01
Cash (End of the year)	₹225.44	₹217.94	₹209.80	₹215.65

Balance Sheet · Consolidated

Balance Sheet · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Non-Current Assets	₹1,476.54	₹1,404.65	₹1,101.85	₹920.52
Current Assets	₹1,019.75	₹945.12	₹867.16	₹740.32
Total Assets	₹2,496.29	₹2,349.77	₹1,969.01	₹1,660.83
Current Liabilities	₹874.45	₹786.47	₹743.14	₹620.51
Net Current Asset	₹145.29	₹158.65	₹124.02	₹119.81
Non-Current Liabilities	₹646.25	₹669.50	₹436.78	₹366.96
Equity Capital	₹975.58	₹893.80	₹789.09	₹673.37
Total Equity & Liabilities	₹2,496.29	₹2,349.77	₹1,969.01	₹1,660.83

Income Statement · Standalone

Income Statement · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Revenue	₹1,545.16	₹1,476.96	₹1,527.08	₹1,412.78
Other Income	₹24.34	₹29.55	₹25.38	₹16.14
Total Revenue	₹1,569.50	₹1,506.51	₹1,552.46	₹1,428.92
Total Expenses	₹1,440.08	₹1,326.58	₹1,353.74	₹1,253.24
Profit Before Tax	₹129.97	₹179.98	₹199.43	₹175.94
Tax	₹16.11	₹43.68	₹53.96	₹49.55
Profit After Tax	₹113.86	₹136.30	₹145.46	₹126.40
EPS - Basic	₹23.58	₹28.23	₹60.26	₹52.36
EPS - Diluted	₹23.58	₹28.23	₹60.26	₹52.36

Cash Flow · Standalone

Cash Flow · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Profit before tax	₹129.97	₹179.98	₹199.43	₹175.94
Income before WC changes	₹279.32	₹298.22	₹294.42	₹261.86
Change in Assets	-₹71.10	-₹73.58	-₹137.78	-₹157.95
Change in Liabilities	₹48.37	₹23.42	₹19.77	₹54.72
Change in WC	-₹22.73	-₹50.16	-₹118.00	-₹103.23
Cash flow from Operations	₹239.70	₹189.01	₹144.55	₹116.22
Cash flow from Investing	-₹156.52	-₹329.80	-₹201.28	-₹160.40
Cash flow from Financing	-₹77.15	₹148.84	₹63.07	₹21.44
Total Cash Flow	₹6.04	₹8.05	₹6.34	-₹22.75
Cash (Start of the year)	₹217.29	₹209.24	₹202.90	₹225.10
Cash (End of the year)	₹223.33	₹217.29	₹209.24	₹202.35

Balance Sheet · Standalone

Balance Sheet · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Non-Current Assets	₹1,563.18	₹1,451.80	₹1,127.47	₹936.94
Current Assets	₹985.34	₹932.64	₹868.46	₹736.47
Total Assets	₹2,548.52	₹2,384.44	₹1,995.93	₹1,673.40
Current Liabilities	₹867.20	₹777.58	₹740.50	₹613.30
Net Current Asset	₹118.14	₹155.06	₹127.97	₹123.16
Non-Current Liabilities	₹650.23	₹672.75	₹439.11	₹369.92
Equity Capital	₹1,031.09	₹934.11	₹816.33	₹690.18
Total Equity & Liabilities	₹2,548.52	₹2,384.44	₹1,995.93	₹1,673.40