MM Forgings financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹410cr+13.3% on Q1 FY26
Net profit
₹90.4cr+371.3% on Q1 FY26
EBITDA margin
15.7%−1.8 pts on Q1 FY26
EPS
₹18.73+371.8% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue410362+13.3%
EBITDA64.463.3+1.7%
EBITDA margin15.7%17.5%−1.8 pts
Profit before tax91.327.7+229.8%
Net profit90.419.2+371.3%
EPS₹18.73₹3.97+371.8%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹410 crNet profit₹90.4 crNet margin22.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
2,318————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
225225217209218
0.40.4—0.40.4
1,0741,0741,051804654
3,167————
1,6381,5901,5251,5631,462
—+4.2%−2.4%+6.9%—
281280296293273
17.2%17.6%19.4%18.7%18.7%
173177203210194
16998.7122135128
10.3%6.2%8.0%8.6%8.8%
₹35.07₹20.44₹25.24₹27.92₹26.50
—−19.0%−9.6%+5.4%—
—230183131167
230230183131167
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MMFL₹480.00

MM Forgings Limited

· Auto & Mobility
₹ CrorePeersCARRAROFMGOETZESUNCLAYJTEKTINDIADIVGIITTSAUTOAXLESWHEELSRAJRATANMcap ₹2,318 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————2,317.5
- Cash, Equiv & ST Investments218.2209.3217.2224.6224.6
+ Minority Interest0.40.4—0.40.4
+ Total Debt654.5803.71,051.41,073.81,073.8
Enterprise Value————3,167.1
Revenue1,461.91,563.11,525.21,589.91,638.1
Growth %, YoY—+6.9-2.4+4.2—
EBITDA272.9292.8296.1280.0281.0
Margin %18.6618.7319.4117.6117.16
EBIT194.0210.0202.8176.9173.1
Net Income128.0134.8121.998.7169.3
Margin %8.758.627.996.2110.34
EPS, Adj (current shares)26.5027.9225.2420.4435.07
Growth %, YoY—+5.4-9.6-19.0—
Cash from Operations166.8131.2183.4229.7—
Free Cash Flow166.8131.2183.4229.7229.7
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

MM Forgings financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

MM Forgings (NSE: MMFL) had a market capitalisation of ₹2,332 crore at the 30 October 2026 close (₹482.90 a share), a PE ratio of 13.8 on the last four quarters' profit and a price-to-book ratio of 2.38. In FY26 its consolidated net profit was ₹98.7 crore on revenue of ₹1,590 crore; in Q1 FY27 (April–June 2026) it was ₹90.4 crore, up 371.3% year on year. Its debt-to-equity ratio was 1.10 on 31 March 2026. Promoters held 56.34% of the shares on 30 September 2026.

Share price used
₹482.90 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

MM Forgings at a glance · consolidated

Market cap
₹2,332 Crat ₹482.90 · 30 Oct close
PE ratio (last 4 quarters)
13.823.6 on FY26 profit
Price to book (PB)
2.38book value ₹202.51 a share
ROE (FY26)
10.6%−3.9 pts vs FY25ROCE 11.1%
Debt to equity
1.10net debt ₹848 Cr
Promoter holding
56.34%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.83%₹4 a share in 12 months
Net worth
₹978 Cr+9.6% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹230 Cr+25.2% vs FY25

Questions

What is the MM Forgings PE ratio today?

MM Forgings' PE ratio is 13.8 at the 30 October 2026 close (₹482.90 a share): a market capitalisation of ₹2,332 crore divided by consolidated net profit of ₹169 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹98.7 crore) it is 23.6. These four quarters include net exceptional items of ₹56.2 crore (one-off gains reported separately), so the ratio on recurring profit would differ.

What is the MM Forgings PB ratio (price to book value)?

MM Forgings' price-to-book (PB) ratio is 2.38 at the 30 October 2026 close: a market capitalisation of ₹2,332 crore divided by shareholders' equity (book value) of ₹978 crore on 31 March 2026. That is a book value of ₹202.51 per share against a share price of ₹482.90.

What is the MM Forgings ROE and ROCE?

In FY26, MM Forgings' return on equity (ROE) was 10.6% and its return on capital employed (ROCE) was 11.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.5% and ROCE 14.5%.

What is the MM Forgings market cap?

MM Forgings' market capitalisation was ₹2,332 crore at the 30 October 2026 close: 4.83 crore shares at ₹482.90 each.

What is the MM Forgings EPS?

MM Forgings' basic earnings per share (EPS) were ₹20.44 in FY26, against ₹25.24 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹35.07.

What is the MM Forgings dividend in 2026 and its record date?

In 2026, MM Forgings has declared one dividend: ₹4 (interim) with record date 12 June 2026.

Is MM Forgings debt free?

No. MM Forgings had borrowings of ₹1,074 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.10. Its cash and current investments were ₹225 crore, so its net debt was ₹848 crore.

What is the MM Forgings debt to equity ratio?

MM Forgings' debt-to-equity ratio was 1.10 on 31 March 2026: borrowings of ₹1,074 crore against total equity of ₹978 crore. A year earlier, on 31 March 2025, it was 1.18.

What is the MM Forgings promoter holding?

Promoters held 56.34% of MM Forgings on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the MM Forgings net worth?

MM Forgings' net worth — shareholders' equity in its consolidated balance sheet — was ₹978 crore on 31 March 2026, up 9.6% from ₹892 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,332 crore at the 30 October 2026 close.

What is the MM Forgings book value per share?

MM Forgings' book value per share was ₹202.51 on 31 March 2026: shareholders' equity of ₹978 crore divided by the 4.83 crore shares in issue, up 9.6% from ₹184.84 a year earlier. The share price at the 30 October 2026 close was ₹482.90.

What is the MM Forgings dividend yield?

MM Forgings' dividend yield is 0.83% at the 30 October 2026 close: dividends of ₹4 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹482.90. They were ₹4 on 12 June 2026 (interim).

What is the MM Forgings shareholding pattern?

On 30 September 2026, MM Forgings' shares were held by promoters 56.34%, foreign portfolio investors (FII/FPI) 3.11%, domestic institutions (DII) 7.41% (including mutual funds at 7.05%) and retail and other non-institutional investors 33.15%. Over the year, FII holding was up 1.35 percentage points from 1.76% and DII holding was down 0.90 percentage points from 8.31%.

What are the MM Forgings latest quarterly results?

MM Forgings' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹90.4 crore, up 371.3% from ₹19.2 crore in Q1 FY26; revenue from operations ₹410 crore, up 13.3% year on year.

How does the MM Forgings PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, MM Forgings' PE ratio is 23.6, the highest of the four: Carraro India 20.8, Federal-Mogul Goetze Limited. 14.0 and Sundaram Clayton 8.9, a peer average of 14.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.

What is the MM Forgings free cash flow?

In FY26, MM Forgings generated ₹230 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹230 crore. In FY25 it was ₹183 crore.

What is the MM Forgings revenue and profit in FY26?

In FY26 (April 2025–March 2026), MM Forgings' consolidated net profit was ₹98.7 crore, down 19.0% from ₹122 crore in FY25, on revenue from operations of ₹1,590 crore (up 4.2%). Over three years, from FY23, net profit was down 22.9%.

When are the MM Forgings next results?

MM Forgings will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.

How does MM Forgings compare with its peers?

On FY26 consolidated figures, against Carraro India, Federal-Mogul Goetze Limited. and Sundaram Clayton: MM Forgings' operating margin of 11.1% is the highest of the four (Carraro India 7.7%, Federal-Mogul Goetze Limited. 11.0%, Sundaram Clayton −4.9%; peer average 4.6%); its return on equity of 10.6% is the lowest of the four (Carraro India 25.5%, Federal-Mogul Goetze Limited. 12.6%, Sundaram Clayton 22.3%; peer average 20.1%).

MM Forgings vs Carraro India: how do they compare?

In FY26, MM Forgings earned net profit of ₹98.7 crore on revenue of ₹1,590 crore, against ₹131 crore on ₹2,255 crore for Carraro India. MM Forgings' operating margin was 11.1% (Carraro India 7.7%) and its return on equity 10.6% (Carraro India 25.5%). At the 30 October 2026 close, MM Forgings' market capitalisation was ₹2,332 crore against ₹2,721 crore for Carraro India, and its PE ratio on FY26 profit 23.6 against 20.8.

Where do these MM Forgings figures come from?

From MM Forgings' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.