MUNISH FORGE LIMITED Share Price

₹ 82.20

+₹2.20 (2.75%)

Last updated 27 Oct, 2026, 15:04 IST

NSE: MUNISH

MUNISH FORGE LIMITED Share Price Today

As of 27 Oct 2026, MUNISH FORGE LIMITED share price is ₹82.20. The stock opened at ₹84.00, compared to its previous close of ₹80.00. During today's trading session, MUNISH FORGE LIMITED share price moved in the range of ₹80.00 to ₹84.00, with an average price of ₹82.00 for the day. Looking at its last 52-week, the stock has touched a low of ₹50.20 and a high of ₹134.95. On the performance front, MUNISH FORGE LIMITED share price has increased by 22.98% over the last six months and is down 38.58% on a year-on-year basis.

₹80.00

2.75% up today

₹84.00

1D LOW

1D HIGH

MUNISH FORGE LIMITED Stock Insights

Stock Performance

OutperformingBeat Nifty by 8.1 % in last 3 month

Shareholding Pattern

DIIDII decreased stake by 61.07%

Shareholding Pattern

FIIFII decreased stake by 62.00%

Stock Performance

OutperformingBeat Nifty by 8.1 % in last 3 month

Shareholding Pattern

DIIDII decreased stake by 61.07%

Shareholding Pattern

FIIFII decreased stake by 62.00%

Volume

28,800

Average traded price

₹82.03

Last traded time

03:04:44 27 Oct

Last traded quantity

1,200

₹64.00₹96.00

Circuit Low

Circuit High

₹50.20₹134.95

52-Week Low

52-Week High

Circuit

₹64.00

₹96.00

52-week

₹50.20

₹134.95

Mkt Cap Cr

192.56

P/E

13.89

P/B

1.11

ROA

5.49%

ROE

10.88%

ROCE

12.0%

Quick Ratio

1.02

EV/EBITDA

7.95

Mkt Cap Cr

192.56

P/E

13.89

P/B

1.11

ROA

5.49%

ROE

10.88%

ROCE

12.0%

Quick Ratio

1.02

EV/EBITDA

7.95

Based on fundamentals, this stock's

Performance

Very Poor

Munish Forge has not beaten FD return of 7%

Valuation

Fairly Valued

Munish Forge appears to be fairly valued compared to its peers

Earnings

Poor

Munish Forge earnings have been degrowing

Peer Comparison

Peer comparison — key ratios
Name	Mkt Cap Cr	P/E	P/B	ROA	ROE	ROCE	Quick Ratio	EV/EBITDA
Bharat Forge	84,007.37	117.42	7.26	3.21%	11.27%	11.36%	0.75	34.07
PTC Industries	37,212.35	293.26	11.14	6.42%	6.74%	7.62%	2.29	180.04
AIA Engineering	33,388.63	26.4	4.16	14.81%	15.83%	20.25%	15.71	19.02
HAPPYFORGE	16,623.10	50.78	7.81	12.44%	14.17%	16.78%	1.84	31.2
Cie Automotive India	13,619.11	21.54	2.51	8.0%	11.41%	14.5%	1.05	12.28
Ramkrishna Forgings	11,223.27	105.0	3.21	1.49%	2.46%	5.27%	0.56	18.86
Kennametal India	5,175.22	44.19	8.01	14.11%	17.66%	23.62%	1.21	25.9
BALU FORGE INDUSTRIES LTD	5,154.30	19.24	3.23	14.48%	16.24%	18.47%	2.89	14.94
Electrosteel Castings	4,080.64	33.85	0.69	1.28%	3.2%	4.97%	0.98	11.19
STEELCAST LIMITED	3,287.99	37.13	8.52	19.71%	21.99%	29.55%	4.28	24.29

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

MUNISH FORGE LIMITED Company Background

ISIN

INE1K8Y01018

Sector Market Cap

₹ 192.56 Cr

Munish Forge Limited is an India-based company, which specializes in manufacturing forged and cast components. The Company manufactures components like flanges, scaffolding, auto parts, tank tracks chains, bomb shells, fence post and steel accessories as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as defense, oil and gas, automobile, construction and infrastructure. It produces and distributes flanges under Munish & Arjun brands. Its flanges include lap joint, reducing flange, socket weld, blind, threaded, slip on and weld neck. The Company's scaffolding products include scaffolding fittings, scaffolding systems, staircase towers, formwork accessories, steel planks/boards, and props and jacks. Its auto parts include ground engaging tools (GET), chassis parts, jack and tractor parts. Its auto - under chassis suspension parts include U-bolts, center bolts, shackle pins, and cotter pins.

MUNISH FORGE LIMITED Financial Highlights

Revenue: MUNISH FORGE LIMITED reported revenue of ₹183.79 crore in FY26 vs ₹179.06 crore in FY25. It showed an increase of 2.64% on a yearly basis.
Operating Profit: MUNISH FORGE LIMITED reported an operating profit of ₹12.89 crore in FY26 vs ₹19.53 crore in FY25. It showed a decrease of 34.00% on a year-on-year basis.
Net Profit: MUNISH FORGE LIMITED reported a net profit of ₹10.53 crore in FY26 vs ₹14.44 crore in FY25. It showed a decrease of 27.08% on a yearly basis.

Know more

Promoters

68.01%

FII

1.93%

Other DII

3.59%

Retail and other

26.46%

Mutual funds

0.00%

Foreign Institutional Investor (FII)

FII shareholding by period
May 2025	0.00%
Sep 2025	0.00%
Oct 2025	5.09%
Mar 2026	1.93%

1 day

1 week

-9.50%

1 month

-9.14%

1 year

-38.58%

3 years

-27.44%

5 years

-27.44%

Day

Open / Close

Change %

26 Oct 26

₹80.00 / ₹80.00

0.00%

23 Oct 26

₹82.00 / ₹80.00

-3.61%

22 Oct 26

₹83.00 / ₹83.00

-2.35%

21 Oct 26

₹86.00 / ₹85.00

-1.22%

MUNISH FORGE LIMITED Financials

Full statement

Income Statement · Consolidated

Income Statement · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024
Revenue	₹182.64	₹175.45	₹159.89
Other Income	₹1.15	₹3.19	₹1.69
Total Revenue	₹183.78	₹178.63	₹161.58
Total Expenses	₹170.89	₹159.31	₹155.81
Profit Before Tax	₹12.89	₹19.33	₹5.77
Tax	₹2.36	₹5.03	₹1.38
Profit After Tax	₹10.53	₹14.30	₹4.39
EPS - Basic	₹4.82	₹8.70	₹2.68
EPS - Diluted	₹4.82	₹8.70	₹2.68

Cash Flow · Consolidated

Cash Flow · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024
Profit before tax	₹12.89	₹19.53	₹5.77
Income before WC changes	₹8.22	₹22.52	₹12.78
Change in Assets	-₹32.67	-₹22.76	-₹11.83
Change in Liabilities	-₹7.11	₹9.90	₹4.62
Change in WC	-₹39.77	-₹12.86	-₹7.21
Cash flow from Operations	-₹33.99	₹5.13	₹4.30
Cash flow from Investing	-₹5.60	-₹9.87	-₹4.66
Cash flow from Financing	₹50.76	₹7.77	-₹7.65
Total Cash Flow	₹11.18	₹3.03	-₹8.01
Cash (Start of the year)	₹6.23	₹3.20	₹11.22
Cash (End of the year)	₹17.41	₹6.23	₹3.20

Balance Sheet · Consolidated

Balance Sheet · Consolidated — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024
Non-Current Assets	₹62.23	₹54.28	₹27.57
Current Assets	₹147.30	₹107.26	₹85.52
Total Assets	₹209.53	₹161.54	₹113.09
Current Liabilities	₹77.51	₹80.73	₹60.41
Net Current Asset	₹69.80	₹26.53	₹25.12
Non-Current Liabilities	₹5.78	₹13.40	₹12.17
Equity Capital	₹126.24	₹67.40	₹40.52
Total Equity & Liabilities	₹209.53	₹161.54	₹113.09

Income Statement · Standalone

Income Statement · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Revenue	₹182.64	₹175.45	₹159.89	₹160.12
Other Income	₹1.15	₹3.61	₹1.69	₹1.05
Total Revenue	₹183.78	₹179.05	₹161.58	₹161.18
Total Expenses	₹170.89	₹159.53	₹155.81	₹158.77
Profit Before Tax	₹12.89	₹19.53	₹5.77	₹2.41
Tax	₹2.36	₹5.08	₹1.38	₹0.44
Profit After Tax	₹10.53	₹14.44	₹4.39	₹1.97
EPS - Basic	₹5.04	₹8.15	₹2.68	₹1.20
EPS - Diluted	₹5.04	₹8.15	₹2.68	₹1.20

Cash Flow · Standalone

Cash Flow · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Profit before tax	₹12.89	₹19.53	₹5.77	₹2.41
Income before WC changes	₹8.22	₹22.52	₹12.78	₹9.34
Change in Assets	-₹32.67	-₹22.76	-₹11.83	₹18.23
Change in Liabilities	-₹7.11	₹9.90	₹4.62	-₹6.91
Change in WC	-₹39.77	-₹12.86	-₹7.21	₹11.32
Cash flow from Operations	-₹33.99	₹5.13	₹4.30	₹19.76
Cash flow from Investing	-₹5.60	-₹9.87	-₹4.66	-₹0.43
Cash flow from Financing	₹50.76	₹7.77	-₹7.65	-₹13.64
Total Cash Flow	₹11.18	₹3.03	-₹8.01	₹5.68
Cash (Start of the year)	₹6.23	₹3.20	₹11.22	₹5.53
Cash (End of the year)	₹17.41	₹6.23	₹3.20	₹11.22

Balance Sheet · Standalone

Balance Sheet · Standalone — all values in INR Crore
Particulars	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Non-Current Assets	₹62.69	₹54.28	₹27.65	₹25.27
Current Assets	₹147.30	₹107.26	₹85.57	₹81.74
Total Assets	₹209.99	₹161.54	₹113.22	₹107.01
Current Liabilities	₹77.51	₹80.79	₹54.25	₹51.26
Net Current Asset	₹69.80	₹26.47	₹31.32	₹30.48
Non-Current Liabilities	₹5.78	₹13.40	₹18.36	₹19.72
Equity Capital	₹126.71	₹67.35	₹40.61	₹36.03
Total Equity & Liabilities	₹209.99	₹161.54	₹113.22	₹107.01