Flash Finance

MM Forgings LimitedMMFLCorporate

Castings & Forgings Latest results: Jun 2026 15 quarters of data
Consolidated Standalone
₹528.25
MCap ₹2,550 Cr · P/E 20.3
MM Forgings Limited — Stock analysis & AI research MM Forgings Limited — Multibagger AI analysis MM Forgings Limited — Seasonality — best & worst months MM Forgings Limited — Technical indicators & charts MM Forgings Limited — Technical setup — score, trend, support & resistance MM Forgings Limited — Live exchange announcements
📋 Stocks With Strong Quarterly Results 📈 Lowest Technical Score 🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹420 Cr
Sales · Jun 2026
+23.2% YoY
₹75 Cr
Operating Profit · Jun 2026
+36.0% YoY
17.8%
OPM % · Jun 2026
+10.6% YoY
₹34 Cr
Net Profit · Jun 2026
+53.0% YoY
₹18.73
EPS · Jun 2026
+304.5% YoY

📝 MM Forgings Limited — results explained

Quarter ended June 2026 (Q1 FY27)

MM Forgings Limited reported revenue of ₹420 crore for the quarter ended June 2026 (Q1 FY27), up 23.2% from ₹341 crore in the same quarter last year, and up 1.8% sequentially over the March 2026 quarter.

Net profit rose 53.0% year-on-year to ₹34 crore, from ₹22 crore. Earnings per share (EPS) came in at ₹18.73.

Operating profit stood at ₹75 crore — an operating margin (OPM) of 17.8%, compared with 16.1% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, MM Forgings Limited posted revenue of ₹1,536 crore, a growth of 4.9% over FY25, with a net profit of ₹114 crore (down 16.5% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,615 crore with a net profit of ₹126 crore.

Valuation snapshot

At the current price of ₹528.25, MMFL has a market capitalisation of ₹2,550 crore and a trailing P/E of about 20.3.

Within the Castings & Forgings industry, it is the 7th-largest of the 29 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 56.34%, foreign institutional investors (FIIs) 3.11%, domestic institutional investors (DIIs) 7.41%, public shareholders 33.15% of MM Forgings Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹2,550 Cr
Current Price ?
₹528.2
P/E ?
20.30below ind
Industry P/E ?
29.90
P/B ?
2.47
P/S ?
1.58
P/FCF ?
35.92
Enterprise Value ?
₹3,624 Cr
EV/EBITDA ?
12.66
PEG ?
N/A
Earnings Yield ?
5.1%
Dividend Yield ?
0.76%
Profitability & Returns
Sales (TTM) ?
₹1,615 Cr
OPM ?
17.7%
Profit after tax (TTM) ?
₹126 Cr
EPS (TTM) ?
₹26.02
ROCE ?
10.0%
ROE ?
12.2%
ROA ?
4.9%
Growth
Sales — latest qtr ?
₹420 Cr
PAT — latest qtr ?
₹34 Cr
YoY qtr sales growth ?
23.2%
YoY qtr profit growth ?
53.0%
Sales growth (3y) ?
3%
Sales growth (5y) ?
16%
Profit growth (3y) ?
-4%
Profit growth (5y) ?
19%
Financial Health
Debt ?
₹1,074 Cr
Debt to Equity ?
1.04
Interest Coverage ?
2.2
Current Ratio ?
N/A
Ownership
Promoter holding ?
56.34%
Change in promoter holding ?
0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
0.1%
Return 6 months ?
13.8%

🗓️ Quarterly results (15 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 360372360376386388364382364354341378404413420 +23.2% +1.8%
Operating Profit 656556647475676973715563707875 +36.0% -3.9%
Other Income 76121388111669177746 -62.0% +57.0%
Interest 871091113151615151821201816 -11.1% -9.6%
Depreciation 171718181818192020232222222530 +32.8% +19.5%
Profit Before Tax 474641515352444944433126343935 +13.7% -10.1%
Net Profit 343030373838323632362218264834 +53.0% -28.8%
EPS 14.0312.5512.4615.1715.7516.0013.437.446.577.514.633.675.339.9618.73 +304.5% +88.1%
OPM % 18.1% 17.4% 15.7% 16.9% 19.1% 19.2% 18.5% 18.2% 20.1% 20.2% 16.1% 16.7% 17.4% 18.9% 17.8% +10.6% -5.8%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,464 Cr ₹1,536 Cr ₹1,615 Cr +4.9%
Operating Profit ₹281 Cr ₹266 Cr ₹286 Cr -5.3%
OPM % 19.22% 17.35% 17.73% -9.7%
NPM % 9.30% 7.41% 7.78% -20.3%
Other Income ₹42 Cr ₹34 Cr ₹24 Cr -19.0%
Depreciation ₹82 Cr ₹92 Cr ₹100 Cr +12.2%
Interest ₹61 Cr ₹78 Cr ₹76 Cr +27.1%
EBIT ₹199 Cr ₹174 Cr ₹186 Cr -12.6%
PBT ₹180 Cr ₹130 Cr ₹135 Cr -27.6%
Tax ₹44 Cr ₹26 Cr ₹18 Cr -41.6%
Net Profit ₹136 Cr ₹114 Cr ₹126 Cr -16.5%
EPS ₹34.95 ₹23.59 ₹37.69 -32.5%
Material Cost ₹647 Cr ₹478 Cr ₹491 Cr -26.1%
Employee Cost ₹148 Cr ₹122 Cr ₹136 Cr -17.8%
Extraordinary Items ₹0 Cr — ₹56 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 24244848 +0.0%
Reserves 666792885983 +11.1%
Borrowings 7569251,1841,074 -9.3%
Other Liabilities 227254266444 +66.9%
Total Liabilities 1,6731,9962,3842,549 +6.9%
Fixed Assets 7198188611,004 +16.6%
CWIP 61112361299 -17.2%
Investments 41412228 +27.3%
Other Assets 8531,0251,1391,217 +6.8%
Total Assets 1,6731,9962,3842,549 +6.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 116145189242 +28.0%
Cash from Investing Activity -160-201-330-156 +52.7%
Cash from Financing Activity 2163149-80 -153.7%
Net Cash Flow -23686 -25.0%
Free Cash Flow -40-76-18571 +138.4%
CFO/OP 61%61%84%93% +10.7%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 597694103 +9.6%
Inventory Days 157165182163 -10.4%
Days Payable 878393100 +7.5%
Cash Conversion Cycle 129157183166 -9.3%
Working Capital Days -21-19-16-22 -37.5%
ROCE % 15%15%12%10% -16.7%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 56.33%56.33%56.33%56.33%56.34%56.34% +0.0%
FIIs 1.79%1.76%1.74%1.85%2.44%3.11% +27.5%
DIIs 8.33%8.31%8.55%8.38%7.49%7.41% -1.1%
Public 33.54%33.59%33.38%33.44%33.73%33.15% -1.7%
No. of Shareholders 35,74235,81134,24430,82829,93027,945 -6.6%

⚖️ Peer comparison

Industry: Castings & Forgings · top 25 of 29 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 RKFORGE Ramkrishna Forgings ₹696.60 12,902 118.6 4,440 107 15.9% 2.4% 3.9% -87.3% 19.8% 297.7%
2 KENNAMET Kennametal India ₹4,311.90 9,477 48.4 1,511 195 20.1% 12.9% 18.0% 35.6% 48.0% 187.1%
3 BALUFORGE Balu Forge ₹510.90 6,202 22.4 1,176 268 26.6% 22.8% 20.0% 26.9% 29.0% 15.9%
4 ROLEXRINGS Rolex Rings ₹190.55 4,999 34.1 1,156 152 20.5% 13.2% 8.3% -12.4% 4.4% 22.3%
5 ELECTCAST Electrosteel Castings ₹74.33 4,595 88.5 4,722 51 3.9% 1.1% -27.0% -83.2% -22.2% -93.1%
6 STEELCAS Steelcast ₹359.50 3,638 40.2 441 91 26.9% 20.5% -94.8% -93.6% 17.0% 19.3%
7 MMFL MM Forgings ₹604.60 2,919 9.7 1,630 113 16.7% 7.0% 4.2% -19.3% 15.7% 78.1%
8 SUNCLAY Sundaram Clayton ₹1,195.60 2,636 10.5 2,106 251 4.8% 11.9% -10.3% 304.8% 15.6% -2.7%
9 544037 Amic Forging ₹1,199.40 2,487 45.2 142 28 30.3% 19.7% — — 29.3% 23.1%
10 504786 Investment & Precision ₹1,136.50 1,352 77.9 197 15 18.1% 7.4% 14.2% 93.7% 18.9% 129.9%
11 ALICON Alicon Castalloy ₹715.30 1,169 31.9 1,931 37 10.4% 1.9% 5.2% -22.1% 38.3% 22.9%
12 NELCAST Nelcast ₹119.61 1,044 25.3 1,338 41 7.3% 3.1% 6.1% 29.9% 2.8% -58.9%
13 SGIL Synergy Green ₹613.95 954 — 358 -9 9.2% -2.4% 1.1% -72.4% -10.2% -395.9%
14 TIRUPATIFL Tirupati Forge ₹69.70 824 142.2 168 6 9.8% 3.6% 41.3% -19.9% 18.0% -13.6%
15 517449 Magna Electro ₹466.80 578 12.7 199 16 15.5% 7.8% 11.3% -20.1% 4.7% -44.0%
16 KALYANIFRG Kalyani Forge ₹940.15 342 27.6 237 12 13.8% 5.2% -0.8% 12.0% 4.2% 218.5%
17 508875 Nitin Castings ₹746.25 226 50.5 139 8 6.9% 5.5% -2.3% -14.3% -23.2% -53.1%
18 PRITIKA Pritika Engineer ₹79.10 209 23.6 183 9 12.7% 4.8% 42.1% 37.4% 42.4% 47.2%
19 517372 Gujarat Intrux ₹403.65 150 13.2 70 10 20.5% 15.0% 5.2% -2.6% 8.0% 9.5%
20 SCML Sharp Chucks ₹123.20 149 18.8 274 9 12.0% 3.3% — — 28.2% 0.0%
21 513369 Krishanveer Forge ₹93.87 144 9.1 88 11 13.9% 12.9% 7.5% 101.6% -6.4% -3.6%
22 DCM DCM ₹76.27 142 — 54 -6 -4.8% -10.4% -21.4% -128.2% 13.5% -137.5%
23 543229 Samrat Forgings ₹300.05 108 32.8 201 5 8.4% 2.3% 6.2% -13.9% -4.8% 17.8%
24 PATTECH Pattech Fitwell ₹97.95 92 49.0 60 2 6.7% 3.1% — — 2.1% 284.6%
25 513418 Smiths & Founders ₹5.11 92 32.4 14 1 8.2% 9.6% 5.9% -4.3% -0.2% -1.6%
❓ Frequently asked questions
What was MM Forgings Limited's revenue in Q1 FY27?
MM Forgings Limited reported revenue of ₹420 crore for the quarter ended June 2026 (Q1 FY27), up 23.2% from ₹341 crore in the same quarter last year, and up 1.8% sequentially over the March 2026 quarter.
What was MM Forgings Limited's net profit in Q1 FY27?
Net profit rose 53.0% year-on-year to ₹34 crore, from ₹22 crore. Earnings per share (EPS) came in at ₹18.73.
What is MMFL's market capitalisation and P/E ratio?
At the current price of ₹528.25, MMFL has a market capitalisation of ₹2,550 crore and a trailing P/E of about 20.3.
Who owns MM Forgings Limited? (shareholding pattern)
As of Sep 2026, promoters held 56.34%, foreign institutional investors (FIIs) 3.11%, domestic institutional investors (DIIs) 7.41%, public shareholders 33.15% of MM Forgings Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI