M M Forgings Ltd Analyst Rating
based on 3 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 3 analysts offering long term price targets for M M Forgings Ltd. An average target of ₹698.33
Source: S&P Global Market Intelligence
M M Forgings Ltd Share analysis
M M Forgings Ltd price forecast by 3 analysts
Upside of49.82%
High
₹720
Target
₹698.33
Low
₹670
M M Forgings Ltd target price ₹698.33, a slight upside of 49.82% compared to current price of ₹454.5. According to 3 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
M M Forgings Ltd revenue growth forecast
Expected growth rate Q1, FY2027:30.33%
Forecast
Actual
Including amortisation and stock based compensations
M M Forgings Ltd EPS growth forecast
EPS estimate Q1, FY2027:61.96%
Forecast
Actual
Source: S&P Global Market Intelligence
M M Forgings Ltd Performance
Day's Low
Day's High
₹451Day's Price Range₹462.5552 Week's Low
52 Week's High
₹41552-Week Price Range₹729.8
| Returns % | |
| 1 Month Return | -3.5 % |
| 3 Month Return | -12.47 % |
| 1 Year Return | -3.78 % |
| Market Stats | |
| Previous Close | ₹466.10 |
| Open | ₹451.00 |
| Volume | 46.64K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹2,250.41Cr |
M M Forgings Ltd Key Statistics
| P/E Ratio | 17 |
| PEG Ratio | 61.84 |
| Market Cap | ₹2,250.41 Cr |
| P/B Ratio | 2.58 |
| EPS | 27.97 |
| Dividend Yield | 0.92 |
| Sector | Castings, Forgings & Fastners |
| ROE | 19.31 |
M M Forgings Ltd Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹2,250.41 Cr | 24.48% | 0.77 | ₹135 Cr | ₹1,563 Cr | |
| NA | ₹152.38 Cr | 47.94% | 0.85 | ₹3 Cr | ₹192 Cr | |
| NA | ₹77.23 Cr | -9.32% | 0.79 | NA | NA | |
| NA | ₹6.27 Cr | 27.75% | 0.00 | NA | NA | |
| NA | ₹140.82 Cr | 17.62% | 0.79 | NA | NA |
About M M Forgings Ltd
The company is well known for its top quality products which include high precision forgings, automotive components, machined components and assemblies. Its popular brands include M M Forging, M M Automotive, M M Cold Formed, and M M Machining. M M Forgings Ltd is committed to delivering the best quality products to its customers and is constantly innovating and developing new products.
Share Price: ₹454.50 per share as on 20 Jan, 2025 04:01 PM
Market Capitalisation: ₹2,250.41Cr as of today
Revenue: ₹390.76Cr as on September 2024 (Q3 24)
Net Profit: ₹31.91Cr as on September 2024 (Q3 24)
Listing date: 23 Sep, 1996
Chairperson Name: N Srinivasan
| Organisation | M M Forgings Ltd |
| Headquarters | Chengai-anna |
| Industry | Castings, Forgings & Fastners |
| E-voting on shares | Click here to vote |
Key events for M M Forgings Ltd
Anand Rathi Maintains Buy Rating on MM Forgings - 07 Nov, 2024
Anand Rathi recommends buying MM Forgings with a target price of Rs 720, citing strong Q2 EBITDA growth and favorable market conditions. The stock is valued attractively compared to peers, with expected revenue and profit growth driven by new products and market share gains.MM Forgings Reports Mixed Financial Results for September 2024 - 29 Oct, 2024
MM Forgings reported a 0.41% increase in net sales to Rs 398.26 crore for September 2024, but net profit fell 9.98% to Rs 31.91 crore. EBITDA rose 6.92%, while EPS decreased significantly. The stock has seen a decline of 13.51% over the last six months.MM Forgings Reports Mixed Financial Results for September 2024 - 28 Oct, 2024
MM Forgings reported a 1.38% increase in net sales to Rs 389.43 crore for September 2024, but net profit fell by 1.9% to Rs 35.93 crore. EBITDA rose by 10.79%, while EPS decreased significantly. The stock has seen a decline of 7.93% over the last six months.M M Forgings Reports Q2 Earnings Results - 26 Oct, 2024
M M Forgings Limited announced its earnings results for the second quarter and six months ended September 30, 2024. The company manufactures steel forgings across various categories, including passenger cars, commercial vehicles, and agricultural products.
Insights on M M Forgings Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTProfit Spike
Netprofit is up for the last 2 quarters, 30.11 Cr → 31.91 Cr (in ₹), with an average increase of 5.6% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 3.41% to 3.75% in Dec 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 29.75% to 30.07% in Dec 2024 quarter
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 387.73 Cr → 405.37 Cr (in ₹), with an average increase of 4.4% per quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 56.34% of holdings in Dec 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Lloyds Metals & Energy Ltd has given 138.3% return, outperforming this stock by 153.0%
- NO EFFECT
Against Peers
In the last 3 years, Lloyds Metals & Energy Ltd has given 1015.9% return, outperforming this stock by 1000.2%
NEGATIVE IMPACTPrice Dip
In the last 1 month, MMFL stock has moved down by -24.9%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 9.33% to 8.77% in Dec 2024 quarter
M M Forgings Ltd Financials
Index Inclusions
M M Forgings Ltd Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.34% | 0.00 | |
| Foreign Institutions | 3.75% | 9.84 | |
| Mutual Funds | 8.77% | ||
| Retail Investors | 30.07% | 1.06 | |
| Others | 1.08% |
M M Forgings Ltd Key Indicators
M M Forgings Ltd Valuation
M M Forgings Ltd in the last 5 years
Lowest (6.89x)
July 16, 2019
Today (17.00x)
January 17, 2025
Industry (41.19x)
January 17, 2025
Highest (93.83x)
December 11, 2020
M M Forgings Ltd Earnings and Dividends
M M Forgings Ltd Earnings Results
M M Forgings Ltd’s net profit fell -9.99% since last year same period to ₹31.91Cr in the Q2 2024-2025. On a quarterly growth basis, M M Forgings Ltd has generated 5.98% jump in its net profits since last 3-months.
Read More about Earnings ResultsM M Forgings Ltd Dividends May,2024
In the quarter ending March 2024, M M Forgings Ltd has declared dividend of ₹8 - translating a dividend yield of 1.72%.
Read More about Dividends
M M Forgings Ltd Technicals Summary
Bearish
Neutral
Bullish
M M Forgings Ltd is currently in a Bearish trading position according to technical analysis indicators.
FAQs on M M Forgings Ltd
M M Forgings Ltd share price today stands at ₹454.5, Open. ₹451 ; Previous Close. ₹466.1 ; High. ₹462.55 ; Low. ₹451 ; 52 Week High. ₹729.8 ; 52 Week Low: ₹415.
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M M Forgings Ltd is listed on NSE
M M Forgings Ltd is listed on BSE
- Today’s highest price of M M Forgings Ltd is ₹462.55.
- Today’s lowest price of M M Forgings Ltd is ₹451.
PE Ratio of M M Forgings Ltd is 17
PE ratio = M M Forgings Ltd Market price per share / M M Forgings Ltd Earnings per share
Today’s traded volume of M M Forgings Ltd(MMFL) is 46.64K.
Today’s market capitalisation of M M Forgings Ltd(MMFL) is ₹2250.41Cr.
| M M Forgings Ltd(MMFL | Price |
|---|---|
52 Week High | ₹729.8 |
52 Week Low | ₹415 |
M M Forgings Ltd(MMFL) share price is ₹454.5. It is down -37.72% from its 52 Week High price of ₹729.8
M M Forgings Ltd(MMFL) share price is ₹454.5. It is up 9.52% from its 52 Week Low price of ₹415
| M M Forgings Ltd(MMFL | Returns |
|---|---|
1 Day Returns | -11.6% |
1 Month Returns | -3.5% |
3 Month Returns | -12.47% |
1 Year Returns | -3.78% |