MM Forgings Ltd.
Snapshot View

757.00 +4.45 ▲0.6%

30 July 2021, 04:00:00 P.M.
Volume: 1,451

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.mmforgings.com
Financial Indicators
Market Cap 1,833.86 Cr.
Earnings per share (EPS) 19.35 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 39.26 Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 201.80 Trailing Twelve Months Ending 2021-03
Price to Book Value 3.76 Calculated using Price: 759.65
Dividend Yield 0.66 Period Ending 2020-03
No. of Shares Subscribed 2.41 Cr. 24,140,800 Shares
FaceValue 10
Company Profile

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.

By the mid eighties, their forging business expanded steadily and their capacity reached 3000 MT per annum. Their dealership business was closed in theyear 1990. In year 1991, they have launched a new state of the art forging facility at Viralimalai, Tamil Nadu with a capacity of 3000 MT per annum.

They have rechristened their self as “MM Forgings Limited” in year 1993. MM as Madras Motors stands to show their roots. In year 1994, they had a major capacity addition at their Viralimalai plant(Plant 2) to 12000 MT per annum with funding from their initial public offering and financial participation from major financial institutions.

They consolidated their business during the period of 1994-2002. They have secured the confidence of major automobile manufacturers around the world. They took over Gears India Limited, Chennai, India in 1999 and established it as their Plant 3. This is a machining unit. They took over this company to cater to the demands of their customers to supply forgings in machined condition.

As the demand rose steadily over the years, they started a roll shop at Padappai (Plant 4) near Chennai in year 2002 to manufacture transmission shafts. In the same year the company commenced a wind farm near Panakudi, Tamil Nadu for generating power through non conventional methods to hedge burgeoning power costs.

To consolidate their operations, they have shifted their machine shop from Plant 3 to their Padappai facility. They have added forging capacity in this facility by adding 3 press lines in the year of 2004-2005. During these years, they have also invested heavily on their machine shop by adding CNC machines, Vertical machining centers, Horizontal Machining centers, Special purpose machines thereby developing into a full fledged machining facility.

MM Forgings has the expertise in forging wide variety of components. The company is flexible to volumes and we intend to provide one stop shop for our customers with value added services.

Product range of the company includes:

MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 Kg to 60 Kg.The company caters to the forging requirements of almost all sections of industry.

Milestones:

  • 1945- Incorporated as 'The Madras Motors Ltd' to trade Royal Enfield Motors of U.K.
  • 1974 -Forge Shop division started at Singampunari - 780 MTPA
  • 1974-90 -Forging activities quickly overtake dealership as Plant 1 steadily reaches 3000 MTPA capacity by mid-eighties.
  • 1990 -Last dealership of motorcyles (at Madras) closed down.
  • 1991 -Plant 2 commissioned at Viralimalai - 3000 MTPA
  • 1993 -Renamed as MM Forgings Limited to reflect the company's line of activity.
  • 1994 -Expansion of Plant 2 to 12000 MTPA with funding from IPO, IDBI & ICICI
  • 1994-ISO 9002 certified by NQA(now EAQA of UK)
  • 1999 -QS 9000 certified by AQA. Take Over of Gears India, Chennai. Established as Plant 3
  • 2002- Establishment of P4 with Roll Shop at Padappai, near Chennai to cater to the growing demands of customers for rolled forgings.Commenced Wind Farm at Panakudi (Plant 5) in Tirunelveli District for generaling power.
  • 2003 -Shifted Machine Shop to P4 to streamline operations. TPM kicked off at Plants 1 & 2
  • 2004 -Major capacity expansion to 30,000 MT with addition of 4 Press lines and expansion of machining lines. Launching High Performance Organization at Plant 4.

Achievements/ recognition:

  • Certified to ISO 9001: 2000 by NQAQSR, USA
  • Certified to QS9000 , discontinued recently
  • Recipient of EEPC (Engineering Export Promotion Council) award for export excellence for 14 consecutive years.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.59%
1 Week
+5.71%
1 Month
+11.76%
3 Month
+68.50%
6 Month
+52.45%
1 Year
+296.65%
2 Year
+109.00%
5 Year
+258.63%
9 years 2005-03 2006-03 2007-03 2008-03 2009-03 2010-03 2018-03 2019-03 2020-03
Return on Equity (%) 18.84 19.77 19.70 17.60 11.12 10.46 25.99 19.96 9.50
Return on Capital Employed (%) 19.50 16.21 16.83 14.88 11.63 8.56 18.16 14.78 8.56
Return on Assets (%) 8.97 8.39 9.01 7.60 4.58 4.47 11.07 7.61 3.57

Balance Sheet View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 363 427 455
Non Curr. Liab. 185 434 367
Curr. Liab. 305 357 311
Minority Int.
Equity & Liab. 853 1,218 1,134
Non Curr. Assets 454 718 778
Curr. Assets 399 500 356
Misc. Exp. not W/O
Total Assets 853 1,218 1,134

Profit Loss View Details

Particulars 9 years 2005-03 Rs. Cr. 2006-03 Rs. Cr. 2007-03 Rs. Cr. 2008-03 Rs. Cr. 2009-03 Rs. Cr. 2010-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 160 166 177 191 207 158 639 934 769
Other Income 4 4 6 6 8 7 12 16 19
Total Income 164 170 183 197 214 166 651 950 788
Total Expenditure -132 -137 -143 -154 -175 -136 -509 -754 -637
PBIDT 31 33 39 43 40 30 142 196 151
Interest -2 -3 -4 -4 -9 -6 -13 -32 -38
Depreciation -14 -14 -17 -18 -16 -12 -46 -58 -60
Taxation -6 -4 -5 -6 -4 -1 -14 -27 -11
Exceptional Items -8 0
PAT 10 12 14 14 10 10 61 79 42

Cash Flow View Details

Particulars 3 years 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 4 27 277
Cash Fr. Inv. -86 -301 -78
Cash Fr. Finan. 112 281 -196
Net Change 30 8 3
Cash & Cash Eqvt 164 172 175

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
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

Announcements View Details

Thu, 08 Jul 2021
Shareholding for the Period Ended June 30 2021
MM Forgings Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Mon, 05 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2011 read with SEBI Circular no. l\ FRI)/ DOP2/ DSA2/ OW/ 2019/ 2498 /1 dated 24th January 2019 we submit herewith the certificate from our Registrar and Share Transfer Agent confirming the dematerialization and rematerialization of share certificates for the quarter ended 30 June 2021
Sat, 03 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- J SUMATHI
Designation :- Company Secretary and Compliance Officer

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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