MM Forgings Ltd.

1061.00 +75.00 ▲7.6%

19 April 2024, 04:01:00 PM
Volume: 40,051

Company Profile

Sector Automobile & Ancillaries Sector Icon Automobile & Ancillaries Compare with Sector peers
Industry Forgings Industry Icon Forgings Compare with Industry peers
Website http://www.mmforgings.com
Market Cap 2,554.58 Cr.
Enterprise Value(EV) 3,038.78 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 52.99 Trailing Twelve Months Ending 2023-12
Price-Earning Ratio (PE) 19.97 Trailing Twelve Months Ending 2023-12
Industry PE 43.13 Trailing Twelve Months Ending 2023-12
Book Value / Share 319.33 Trailing Twelve Months Ending 2023-12
Price to Book Value 3.31 Calculated using Price: 1,058.20
Dividend Yield 0.57 Period Ending 2023-03
No. of Shares Subscribed 2.41 Cr. 24,140,800 Shares
FaceValue 10
About MM Forgings Ltd.
The journey of MM Forgings started as Madras Motors Limited in year 1946 as dealers of “Royal Enfield Motor Cycles, UK” in India. 1960s and 70s witnessed a boom in the automotive industry in India and all over the world. With the foresight and vision of their founding Managing Director S EKrishnan, they forayed into the forging business with a forge shop in Singampunari (Plant 1), Tamilnadu in year 1974 with a capacity of 780 MT per Annum.

MM Forgings Ltd. Delivery

Delivered Qty
Traded Qty

MM Forgings Ltd. Performance

1 Day
+7.61%
1 Week
+21.06%
1 Month
+19.39%
3 Month
+10.69%
6 Month
+17.03%
1 Year
+24.06%
2 Year
+21.54%
5 Year
+89.87%
10 Year
+1473.72%

MM Forgings Ltd. Fundamental Ratios

9 years 2008-03 2009-03 2010-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 17.6 11.12 10.46 25.99 19.96 9.5 9.78 17.39 20.76
Return on Capital Employed (%) 14.88 11.63 8.56 18.16 14.78 8.56 7.89 13.35 15.45
Return on Assets (%) 7.6 4.58 4.47 11.07 7.61 3.56 3.85 6.82 8.32

MM Forgings Ltd. Balance Sheet

Particulars 7 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 363 427 455 487 560 673 737
Non Curr. Liab. 185 434 367 328 385 368 414
Curr. Liab. 305 357 311 441 469 619 583
Minority Int. 0 0
Equity & Liab. 853 1,218 1,134 1,256 1,414 1,660 1,735
Non Curr. Assets 454 718 776 738 795 920 987
Curr. Assets 399 500 358 518 619 740 748
Misc. Exp. not W/O
Total Assets 853 1,218 1,134 1,256 1,414 1,660 1,735

MM Forgings Ltd. Profit and Loss

Particulars 10 years 2008-03 Rs. Cr. 2009-03 Rs. Cr. 2010-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-12 Rs. Cr. TTM
Net Sales 191 207 158 639 934 769 752 1,140 1,462 1,554
Other Income 6 8 7 12 16 19 18 14 12 19
Total Income 197 214 166 651 950 788 770 1,154 1,474 1,573
Total Expenditure -154 -175 -136 -509 -754 -637 -623 -931 -1,189 -1,269
PBIDT 43 40 30 142 196 151 146 223 285 304
Interest -4 -9 -6 -13 -32 -38 -32 -28 -30 -37
Depreciation -18 -16 -12 -46 -58 -60 -65 -68 -79 -83
Taxation -6 -4 -1 -14 -27 -11 -6 -38 -49 -57
Exceptional Items -8 0 0 2 1 0
PAT 14 10 10 61 79 42 46 91 128 128
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 14 10 10 61 79 42 46 91 128 128
Adjusted EPS 25 33 17 19 38 53 53

MM Forgings Ltd. Cash Flow

Particulars 6 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 4 27 283 20 150 169
Cash Fr. Inv. -86 -301 -78 -11 -126 -187
Cash Fr. Finan. 112 281 -202 3 14 10
Net Change 30 8 3 12 39 -8
Cash & Cash Eqvt 164 172 175 187 226 218

MM Forgings Ltd. Shareholding Pattern

9 Qtrs 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%) 2023-12 (%) 2024-03 (%)
Promoter 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34
Public 43.66 43.66 43.66 43.66 43.66 43.66 43.66 43.66 43.66
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
No. of Shareholders (in Lacs)

MM Forgings Ltd. Announcements

Fri, 05 Apr 2024
Compliance Certificate Under Regulation 7(3) Of SEBI LODR Regulations For The Year Ended 31 March 2024
Compliance Certificate under Reg 7(3) of SEBI LODR Regulation for the year ended 31 March 2024
Fri, 05 Apr 2024
Compliance Under 40 (9) & (10) Of SEBI LODR Regulation
We are enclosing Certificate issued by PCS as required under Regulation 40(9) and (10) of the SEBI LODR REgulation
Thu, 04 Apr 2024
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Compliance Certificate under 74(5) of SEBI (DP) Regulation for the QE 31 March 2024

MM Forgings Ltd. Technical Scans

Fri, 19 Apr 2024
Closing Above Previous High Closing Above Previous High
Closing Above Previous High For 3 Days Closing Above Previous High For 3 Days
Making Higher Highs for 3 days Making Higher Highs for 3 days
Close Within 52 Week High Zone Close Within 52 Week High Zone
Closing Above Previous High for 2 Days Closing Above Previous High for 2 Days

MM Forgings Ltd. Related Stocks

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 399,626.11 12,669.35 +2.2%
Tata Motors Ltd. 320,142.54 963.20 -0.8%
Mahindra & Mahindra Ltd. 259,014.62 2,082.90 +2.9%
Bajaj Auto Ltd. 245,551.16 8,799.00 -2.4%
Eicher Motors Ltd. 118,853.55 4,340.00 -0.3%
TVS Motor Company Ltd. 90,214.29 1,898.00 -2.1%
Bosch Ltd. 87,818.35 29,750.00 -0.5%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-12 32.84 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-12 16.50 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-12 23.23 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2024-03 31.86 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-12 30.98 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-12 55.16 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-12 37.76 29,750.00 -0.5%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-12 4.89 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-12 5.29 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-12 4.09 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2024-03 8.48 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-12 7.07 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-12 13.18 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-12 7.26 29,750.00 -0.5%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 0.02 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-03 2.78 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-03 1.58 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2023-03 0.00 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-03 0.01 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 3.93 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-03 0.00 29,750.00 -0.5%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-03 5.24 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-03 21.19 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-03 13.14 29,750.00 -0.5%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-03 5.24 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-03 21.19 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-03 13.14 29,750.00 -0.5%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 117,571.30 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-03 345,966.97 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-03 121,268.55 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2023-03 36,455.38 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-03 14,442.18 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 31,973.99 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-03 14,929.30 29,750.00 -0.5%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 8,211.00 12,669.35 +2.2%
Tata Motors Ltd. Consolidated 2023-03 2,353.49 963.20 -0.8%
Mahindra & Mahindra Ltd. Consolidated 2023-03 11,374.48 2,082.90 +2.9%
Bajaj Auto Ltd. Consolidated 2023-03 6,060.21 8,799.00 -2.4%
Eicher Motors Ltd. Consolidated 2023-03 2,913.94 4,340.00 -0.3%
TVS Motor Company Ltd. Consolidated 2023-03 1,309.46 1,898.00 -2.1%
Bosch Ltd. Consolidated 2023-03 1,424.30 29,750.00 -0.5%

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