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NSE Close — 25 Sep 2026
₹616.15
Change
+3.4 (0.55%)
Open
₹605.0
Prev. Close
₹612.75
Day High
₹627.9
Day Low
₹605.0
Volume Analysis
Traded
47,442
Delivered
19,875
Delivery %
41.89%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (1)
- •High debt-to-equity ratio (1.27)
Opportunities (1)
- •FII holding has been rising
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹650.6 | ₹639.25 | ₹627.7 | ₹616.35 | ₹604.8 | ₹593.45 | ₹581.9 |
| Fibonacci | ₹639.25 | ₹630.5 | ₹625.1 | ₹616.35 | ₹607.6 | ₹602.2 | ₹593.45 |
| Camarilla | ₹622.45 | ₹620.35 | ₹618.25 | ₹616.35 | ₹614.05 | ₹611.95 | ₹609.85 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
+70.09%
1 Week
+0.54%
1 Month
-3.98%
3 Months
+35.52%
6 Months
+52.17%
1 Year
+99.63%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹304.79
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
16.79%
Net margin 10.25% × asset turnover 0.64x × equity multiplier 2.56x
Company Overview
Sector
Automobile and Auto Components
Market Cap
₹2,975 Cr
P/E (TTM)
26.4
ROE
10.5%
Book Value
₹202.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 26 Sep 2026. Not investment advice.
TopFund Analysis
Mm Forgings Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Automobile and Auto Components sector, at 53/100. The strongest factor is Corporate Governance (90/100), while Liquidity (28/100) is the weakest area to weigh before deciding. Notably: High debt-to-equity ratio (1.27). FII holding has been rising.
TopFund Score — Fundamentals Quality
53/100 — AverageData confidence: 79/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- −Stock is trading at 3.05 times its book value
- −Tax rate seems low
- −Company might be capitalizing the interest cost
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
We are intimating the proposed investor group call scheduled on 15 September 2026
We are submitting the Q1 FY 2027 investor presentation.
Audio recording shared for 17 Aug 2026 analyst call on Q1 FY27 results.
Publication of newspaper for Q1FY 27 results
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 370 | 397 | 399 | 398 | 382 | 398 | 374 | 371 | 362 | 385 | 414 | 430 | 420 |
| Expenses + | 305 | 322 | 323 | 320 | 309 | 321 | 301 | 298 | 298 | 318 | 344 | 349 | 346 |
| Operating Profit | 65 | 75 | 75 | 78 | 73 | 77 | 73 | 73 | 63 | 67 | 69 | 81 | 75 |
| OPM % | 18.0% | 19.0% | 19.0% | 20.0% | 19.0% | 19.0% | 20.0% | 20.0% | 18.0% | 17.0% | 17.0% | 19.0% | 18.0% |
| Other Income + | 5 | 5 | 6 | 6 | 6 | 7 | 4 | 6 | 8 | 4 | 3 | 1 | 63 |
| Interest | 10 | 9 | 11 | 13 | 15 | 16 | 15 | 14 | 18 | 21 | 20 | 18 | 16 |
| Depreciation | 21 | 21 | 21 | 20 | 22 | 23 | 23 | 26 | 25 | 24 | 26 | 28 | 30 |
| Profit before tax | 40 | 50 | 49 | 50 | 42 | 45 | 39 | 40 | 28 | 25 | 26 | 35 | 91 |
| Tax % | 28.0% | 29.0% | 31.0% | 27.0% | 29.0% | 29.0% | 31.0% | 17.0% | 31.0% | 34.0% | 33.0% | -26.0% | 1.0% |
| Net Profit + | 29 | 35 | 34 | 37 | 30 | 32 | 27 | 33 | 19 | 17 | 18 | 45 | 90 |
| EPS in Rs | 6 | 7 | 7 | 8 | 6 | 7 | 6 | 7 | 4 | 3 | 4 | 9 | 19 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 191 | 207 | 158 | 639 | 934 | 769 | 752 | 1,140 | 1,462 | 1,563 | 1,525 | 1,590 | 1,649 |
| Expenses + | 154 | 175 | 136 | 509 | 759 | 637 | 623 | 931 | 1,189 | 1,270 | 1,229 | 1,310 | 1,357 |
| Operating Profit | 37 | 32 | 23 | 130 | 175 | 132 | 129 | 209 | 273 | 293 | 296 | 280 | 292 |
| OPM % | 19.0% | 15.0% | 14.0% | 20.0% | 19.0% | 17.0% | 17.0% | 18.0% | 19.0% | 19.0% | 19.0% | 18.0% | 18.0% |
| Other Income + | 6 | 8 | 7 | 4 | 8 | 19 | 20 | 16 | 12 | 22 | 23 | 16 | 70 |
| Interest | 4 | 9 | 6 | 13 | 32 | 38 | 32 | 28 | 30 | 42 | 60 | 78 | 76 |
| Depreciation | 18 | 16 | 12 | 46 | 58 | 60 | 65 | 68 | 79 | 83 | 93 | 103 | 108 |
| Profit before tax | 20 | 14 | 12 | 74 | 93 | 53 | 52 | 129 | 177 | 189 | 166 | 115 | 178 |
| Tax % | 29.0% | 28.0% | 12.0% | 18.0% | 29.0% | 21.0% | 11.0% | 29.0% | 28.0% | 29.0% | 26.0% | 14.0% | — |
| Net Profit + | 14 | 10 | 10 | 61 | 66 | 42 | 46 | 91 | 128 | 135 | 123 | 99 | 169 |
| EPS in Rs | 3 | 2 | 2 | 13 | 14 | 9 | 10 | 19 | 26 | 28 | 26 | 20 | 35 |
| Dividend Payout % | 21.0% | 18.0% | 17.0% | 20.0% | 18.0% | 29.0% | 26.0% | 16.0% | 11.0% | 14.0% | 16.0% | 20.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 81 | 83 | 92 | 351 | 403 | 431 | 463 | 535 | 649 | 765 | 845 | 927 |
| Borrowings + | 104 | 111 | 114 | 385 | 688 | 566 | 532 | 685 | 756 | 931 | 1,185 | 1,235 |
| Other Liabilities + | 29 | 18 | 24 | 90 | 103 | 113 | 230 | 170 | 232 | 249 | 271 | 286 |
| Total Liabilities | 220 | 224 | 242 | 838 | 1,218 | 1,134 | 1,250 | 1,414 | 1,661 | 1,969 | 2,350 | 2,496 |
| Fixed Assets + | 101 | 113 | 130 | 406 | 651 | 712 | 675 | 708 | 804 | 914 | 964 | 1,101 |
| CWIP | 22 | 25 | 22 | 27 | 39 | 13 | 17 | 36 | 63 | 124 | 383 | 335 |
| Investments | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 22 | 22 | 23 | 4 | 10 |
| Other Assets + | 97 | 86 | 90 | 402 | 524 | 406 | 553 | 647 | 772 | 908 | 998 | 1,051 |
| Total Assets | 220 | 224 | 242 | 838 | 1,218 | 1,134 | 1,250 | 1,414 | 1,661 | 1,969 | 2,350 | 2,496 |
| Equity Capital | 6 | 12 | 12 | 12 | 24 | 24 | 24 | 24 | 24 | 24 | 48 | 48 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2008 | Mar 2009 | Mar 2010 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 6 | 23 | 27 | 4 | 27 | 283 | 20 | 150 | 160 | 149 | 182 | 228 |
| Cash from Investing Activity + | -38 | -41 | -15 | -86 | -301 | -78 | -11 | -126 | -187 | -232 | -358 | -182 |
| Cash from Financing Activity + | 32 | 18 | -7 | 112 | 281 | -202 | 3 | 14 | 16 | 77 | 185 | -38 |
| Net Cash Flow | 0 | 0 | 5 | 30 | 8 | 3 | 12 | 39 | -10 | -6 | 8 | 8 |
| CFO/OP | 30 | 86 | 125 | 18 | 30 | 221 | 20 | 85 | 74 | 62 | 81 | 87 |
| Free Cash Flow | -41 | -9 | 2 | -89 | -288 | 189 | -9 | 40 | -40 | -102 | -221 | 40 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 26.29% | 27.27% | 29.56% | 30.1% | 29.75% | 30.06% | 31.65% | 33.54% | 33.59% | 33.38% | 33.44% | 33.73% |
| Promoters | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% | 56.33% |
| FII | 1.72% | 1.93% | 2.28% | 2.85% | 3.41% | 3.75% | 3.09% | 1.79% | 1.76% | 1.74% | 1.85% | 2.44% |
| DII | 15.66% | 14.47% | 11.83% | 10.72% | 10.5% | 9.85% | 8.92% | 8.33% | 8.31% | 8.55% | 8.38% | 7.49% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Automobile and Auto Components — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Mm Forgings Ltd (this stock) | 2,975 | 26.4 | 3.05 | 10.5% |
| India Nippon Elect Ltd | 2,980 | 32.7 | 3.63 | 11.9% |
| Talbros Auto. Comp. Ltd | 2,823 | 25.2 | 3.81 | 14.9% |
| Carraro India Limited | 3,132 | 22.4 | 5.55 | 26.7% |
| Sundaram Clayton Limited | 2,726 | — | 2.1 | -17.0% |
| Jtekt India Limited | 3,264 | 41.6 | 4.29 | 12.4% |
| Gna Axles Limited | 2,660 | 20.1 | 2.65 | 12.2% |
Which Mutual Funds Hold Mm Forgings Ltd?
Frequently Asked Questions about Mm Forgings Ltd
Mm Forgings Ltd (MMFL) closed at ₹616.15 on NSE on 25 September 2026, up 3.4 (0.55%) from the previous close.
Mm Forgings Ltd trades on the NSE (National Stock Exchange of India) under the symbol MMFL.
Mm Forgings Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 26.4.
Mm Forgings Ltd has a dividend yield of 0.65%.
Mm Forgings Ltd's 52-week high is ₹690.0 and its 52-week low is ₹276.0.
Mm Forgings Ltd has a market capitalisation of ₹2,975 crore.
Mm Forgings Ltd has a TopFund Quality Score of 53/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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