MM Forgings Ltd.

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884.05 +7.05 ▲0.8%

01 December 2023, 11:41:55 AM
Volume: 9,607

Company Profile

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Sector Automobile & Ancillaries Compare with Sector peers
Industry Forgings Compare with Industry peers
Website http://www.mmforgings.com
Market Cap 2,139.12 Cr.
Enterprise Value(EV) 2,597.13 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) 53.98 Trailing Twelve Months Ending 2023-09
Price-Earning Ratio (PE) 16.42 Trailing Twelve Months Ending 2023-09
Industry PE 80.73 Trailing Twelve Months Ending 2023-09
Book Value / Share 305.49 Trailing Twelve Months Ending 2023-09
Price to Book Value 2.90 Calculated using Price: 886.10
Dividend Yield 0.68 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

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Delivered Qty
Traded Qty

MM Forgings Ltd. Performance

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1 Day
+0.80%
1 Week
-1.27%
1 Month
+1.93%
3 Month
-4.07%
6 Month
+3.63%
1 Year
+0.19%
2 Year
+13.94%
5 Year
+43.22%
10 Year
+1981.10%

MM Forgings Ltd. Fundamental Ratios

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9 years 2008-03 2009-03 2010-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 17.60 11.12 10.46 25.99 19.96 9.50 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 (%) 7.60 4.58 4.47 11.07 7.61 3.56 3.85 6.82 8.32

MM Forgings Ltd. Balance Sheet

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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

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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. 2023-09 Rs. Cr. TTM
Net Sales 191 207 158 639 934 769 752 1,140 1,462 1,527
Other Income 6 8 7 12 16 19 18 14 12 18
Total Income 197 214 166 651 950 788 770 1,154 1,474 1,545
Total Expenditure -154 -175 -136 -509 -754 -637 -623 -931 -1,189 -1,245
PBIDT 43 40 30 142 196 151 146 223 285 301
Interest -4 -9 -6 -13 -32 -38 -32 -28 -30 -33
Depreciation -18 -16 -12 -46 -58 -60 -65 -68 -79 -83
Taxation -6 -4 -1 -14 -27 -11 -6 -38 -49 -55
Exceptional Items -8 0 0 2 1 0
PAT 14 10 10 61 79 42 46 91 128 130
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 14 10 10 61 79 42 46 91 128 130
Adjusted EPS 25 33 17 19 38 53 54

MM Forgings Ltd. Cash Flow

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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

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9 Qtrs 2021-09 (%) 2021-12 (%) 2022-03 (%) 2022-06 (%) 2022-09 (%) 2022-12 (%) 2023-03 (%) 2023-06 (%) 2023-09 (%)
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

MM Forgings Ltd. Announcements

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Wed, 29 Nov 2023
Analysts/Institutional Investor Meet/Con. Call Updates
MM Forgings Limited has informed the Exchange about Schedule of meet
Tue, 28 Nov 2023
Analysts/Institutional Investor Meet/Con. Call Updates
MM Forgings Limited has informed the Exchange about Schedule of meet
Thu, 16 Nov 2023
Analysts/Institutional Investor Meet/Con. Call Updates
This is to inform that earnings conference call for investors and analysts as organized by B&K Securities India Pvt. Ltd. duly scheduled today, 15 November 2023 at 12:00 Hours (IST), to discuss Q2F24 financial performance of the Company is stands cancelled due to certain unavoidable circumstances.The re-scheduled meeting date shall be informed to the exchanges in due course.The above may kindly be taken on records please.

MM Forgings Ltd. Technical Scans

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Thu, 30 Nov 2023
Closing Below Previous Low Closing Below Previous Low
Close Within 52 Week Low Zone Close Within 52 Week Low Zone
Closing Near 50 SMA Closing Near 50 SMA
CCI Crossed Below -100 CCI Crossed Below -100
CCI Oversold Zone CCI Oversold Zone

MM Forgings Ltd. Related Stocks

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  • SALES
Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 320,328.72 10,681.00 +0.7%
Tata Motors Ltd. 234,658.51 707.20 +0.1%
Mahindra & Mahindra Ltd. 204,883.81 1,649.25 +0.1%
Bajaj Auto Ltd. 172,309.71 6,041.00 -0.8%
Eicher Motors Ltd. 106,740.96 3,938.15 +1.1%
TVS Motor Company Ltd. 88,872.17 1,895.00 +1.6%
Hero MotoCorp Ltd. 76,337.90 3,848.90 +0.8%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-09 28.22 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-09 15.30 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-09 18.34 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-09 25.19 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-09 29.81 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-09 60.97 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-09 23.51 3,848.90 +0.8%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-09 4.87 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-09 4.38 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-09 3.38 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-09 5.87 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-09 6.70 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-09 14.06 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-09 4.32 3,848.90 +0.8%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 0.02 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-03 2.78 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-03 1.58 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-03 0.00 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-03 0.01 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-03 3.93 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-03 0.02 3,848.90 +0.8%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-03 5.24 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-03 21.19 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-03 17.26 3,848.90 +0.8%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-03 5.24 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-03 21.19 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-03 17.26 3,848.90 +0.8%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 117,571.30 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-03 345,966.97 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-03 121,268.55 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-03 36,455.38 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-03 14,442.18 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-03 31,973.99 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-03 34,158.38 3,848.90 +0.8%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 8,211.00 10,681.00 +0.7%
Tata Motors Ltd. Consolidated 2023-03 2,353.49 707.20 +0.1%
Mahindra & Mahindra Ltd. Consolidated 2023-03 11,374.48 1,649.25 +0.1%
Bajaj Auto Ltd. Consolidated 2023-03 6,060.21 6,041.00 -0.8%
Eicher Motors Ltd. Consolidated 2023-03 2,913.94 3,938.15 +1.1%
TVS Motor Company Ltd. Consolidated 2023-03 1,309.46 1,895.00 +1.6%
Hero MotoCorp Ltd. Consolidated 2023-03 2,799.90 3,848.90 +0.8%

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