MM Forgings Limited
NSE: MMFLINE227C01017(was MMFORGINGS)·Automobile and Auto Components·www.mmforgings.com ↗·Mcap ₹2,969 Cr·Listed 2006
₹616.15▲ ₹3.40  (0.55%)
52W: ₹288 – ₹688 · Vol: 47.4K shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19Q3 FY19Q2 FY19Q4 FY18
Revenue from operations41043041438536237137439838239739939737038835833832229627324729322316080.81691881892242432662310
Other income16.90.73.247.86.53.57.15.55.75.44.15.34.73.65.65.62.73.93.41.65.54.68.15.754.73.14.66.13.10
Total expenses39239539136434233733936034635335535233534731830629126424822526021215896.91701781792082232432070
EBITDA64.480.869.366.563.372.973.17773.177.575.374.565.469.56757.254.457.149.345.259.534.626.76.62431.734.242.344.751.4450
EBITDA margin15.7%18.8%16.8%17.3%17.5%19.7%19.5%19.3%19.1%19.5%18.9%18.8%17.7%17.9%18.7%16.9%16.9%19.3%18.0%18.3%20.3%15.5%16.7%8.1%14.2%16.9%18.1%18.9%18.4%19.3%19.5%–
Finance costs16.318.320.321.218.313.715.516.114.513.310.98.79.67.37.47.26.37.57.26.587.89.588.28.110.611.310.412.36.60
Depreciation29.927.726.224.225.125.622.6232220.22120.820.820.519.717.916.816.916.616.618.415.614.614.617.413.813.714.814.316.214.60
Profit before tax91.335.426.125.127.740.138.544.942.150.448.949.740.346.643.637.737.835.929.325.435.317.67.2−84.114.914.819.324.729.1270
Tax0.9−9.38.58.58.56.912131213.615.314.311.315.910.59.49.46.52.82.51.22.51.8013.62.648.56.36.30
Net profit90.444.717.616.619.233.326.531.930.136.833.535.52930.833.128.328.429.426.522.934.115.15.4−83.111.312.215.416.222.820.80
Net margin22.1%10.4%4.2%4.3%5.3%9.0%7.1%8.0%7.9%9.3%8.4%8.9%7.8%7.9%9.2%8.4%8.8%9.9%9.7%9.3%11.6%6.8%3.4%-9.9%1.8%6.0%6.5%6.9%6.7%8.6%9.0%–
EPS (₹)18.739.273.643.433.976.905.506.6112.4715.2413.9014.6912.0112.7513.6911.7311.7712.1810.999.4914.146.272.24-3.311.274.695.056.206.709.458.600.00
Net profit YoY+371.3%+34.4%−33.8%−48.1%−36.3%−9.5%−20.9%−10.0%+3.8%+19.5%–+7.3%+2.4%+8.3%+24.6%+23.7%−16.7%+94.2%+389.6%+387.0%+1016.1%+33.8%−55.6%−152.0%−81.1%−50.4%−41.3%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19FY18
Revenue from operations1,5901,5251,5631,4621,1237447699340
Other income15.622.620.51230.917.718.615.90
Total expenses1,4911,3821,3961,2971,0267117358440
EBITDA2802962932731921271321800
EBITDA margin17.6%19.4%18.7%18.7%17.1%17.1%17.2%19.2%–
Finance costs78.259.842.629.627.731.238.331.60
Depreciation10393.382.878.867.863.459.657.90
Profit before tax11516618917712952.253.11060
Tax16.243.954.54917.95.511.227.20
Net profit98.712213512811146.741.978.80
Net margin6.2%8.0%8.6%8.8%9.9%6.3%5.5%8.4%–
EPS (₹)20.4425.2455.8453.0045.9819.3517.3732.660.00
Net profit YoY−19.0%−9.6%+5.4%+15.3%+137.7%+11.4%−46.8%––
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow230183131167151
Investing cash flow−181−358−232−185−126
Financing cash flow−40.718394.510.513.3
Capital expenditure00000
Free cash flow (CFO − capex)230183131167151

Net profit trend

annual, ₹ crore
FY21
₹46.7
FY22
₹111+138%
FY23
₹128+15%
FY24
₹135+5%
FY25
₹122−10%
FY26
₹98.7−19%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated14 Aug 2026PDF on NSE XBRL
Q1 FY27Standalone14 Aug 2026PDF on NSE XBRL
Q4 FY26Consolidated · audited28 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited28 May 2026PDF on NSE XBRL
Q3 FY26Consolidated13 Feb 2026PDF on NSE XBRL
Q3 FY26Standalone13 Feb 2026PDF on NSE XBRL
Q2 FY26Consolidated14 Nov 2025PDF on NSE XBRL
Q2 FY26Standalone14 Nov 2025PDF on NSE XBRL
Q1 FY26Consolidated6 Aug 2025 PDF XBRL
Q1 FY26Standalone6 Aug 2025 PDF XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 15.8×17.6×
P/B5Y avg 2.54×3.04×
ROEFY26, on average equity10.6%
Net margin6.2%
Debt / equity1.10×
Revenue CAGR (3Y)2.8%
Profit CAGR (3Y)-8.3%
EPS (TTM)₹35.07
Market cap₹2,975 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
3.04×
vs 8-point avg 2.54× (+20%)
1.60× low2.54× avg3.40× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹2,524 Cr+7%
Net worth₹978 Cr+10%
Total borrowings₹1,074 Cr+2%
Cash & bank balances₹225 Cr+3%
Investments₹10 Cr+156%
Inventories₹334 Cr−2%
Trade receivables₹457 Cr+23%
Trade payables₹226 Cr+27%
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jul 24Jun 24Mar 24Dec 23
Promoter56.3456.3456.3456.3456.3456.3456.3456.3456.3456.3456.3456.34
FII2.441.861.741.761.803.093.753.412.652.842.281.93
DII7.498.378.558.318.338.929.8510.5010.5710.7211.8314.47
of which MF7.137.207.387.147.207.81––––––
Retail27.1426.7027.9328.4528.1226.8124.9224.3425.2225.9825.2923.54
Other public6.596.735.445.145.414.845.145.415.224.124.263.72
29,930 shareholders · NSE shareholding pattern filings.