MM Forgings cash flow

Latest FY26

Cash from operations: ₹230cr+25.2% on FY25
Capital spending: ₹0.0crNo figure a year before
Free cash flow: ₹230cr+25.2% on FY25
Cash from financing: −₹40.7cr₹183 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	103	93.3	82.8	78.8
	—	−0.5	0.0	0.0	0.0
	—	78.2	64.0	43.0	29.6
	—	−0.9	−5.8	0.0	−0.7
	—	−10.9	−17.0	−15.1	−8.2
	—	0.0	−20.3	−12.4	−9.9
	—	0.0	0.0	−1.3	−0.2
	—	7.6	−5.1	−39.1	−102
	—	−58.5	−42.3	−28.8	−20.0
	—	−8.2	0.0	0.0	−0.0
	—	−34.5	0.0	0.0	−0.5
	—	0.1	0.0	0.1	0.0
	—	27.4	−0.4	−4.8	0.0
	—	8.1	−15.7	−67.3	39.4
	—	27.8	23.1	8.5	31.3
	—	−9.8	2.9	8.5	−5.7
Cash from operating activities
	178	115	166	189	177
	—	129	76.8	−26.0	32.3
	—	244	243	163	209
	—	14.0	59.1	32.0	42.4
	—	230	183	131	167
Cash from investing activities
	—	0.0	0.1	2.9	0.6
	—	2.1	0.0	0.0	0.0
	—	10.9	17.0	15.1	7.9
	—	0.9	8.5	4.2	4.8
	—	−195	−384	−254	−199
	—	−181	−358	−232	−185
Cash from financing activities
	—	170	346	175	75.0
	—	144	123	119	92.8
	—	78.2	66.7	47.2	33.7
	—	19.3	19.3	14.5	14.5
	—	30.9	46.4	101	76.5
	—	−40.7	183	94.5	10.5
	—	7.5	8.1	−6.4	−8.0
	—	7.5	8.1	−6.4	−8.0
	—	—	—	209	218
Reference items
	281	280	296	293	273
	17.2%	17.6%	19.4%	18.7%	18.7%
	230	230	183	131	167
	—	174	364	233	—
	₹47.57	₹47.57	₹38.00	₹27.18	₹34.55
	10.39×	—	—	—	—
	—	2.33×	1.51×	0.97×	1.30×
	—	14.0	59.1	32.0	42.4
	—	78.2	66.7	47.2	33.7

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

alphave

MMFL₹494.05

MM Forgings Limited

· Auto & Mobility

₹ CrorePeersCARRARO FMGOETZE SUNCLAY JTEKTINDIA DIVGIITTS AUTOAXLES WHEELS RAJRATANMcap ₹2,385 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	78.8	82.8	93.3	103.1	—
+ Impairment Loss / (Reversal)	0.0	0.0	0.0	-0.5	—
+ Finance Costs	29.6	43.0	64.0	78.2	—
+ Interest Income	-0.7	0.0	-5.8	-0.9	—
+ Dividend Income	-8.2	-15.1	-17.0	-10.9	—
+ Other Non-cash Items	-9.9	-12.4	-20.3	0.0	—
+ Other Reconciling Items	-0.2	-1.3	0.0	0.0	—
Changes in Working Capital
+ Inventories	-101.7	-39.1	-5.1	7.6	—
+ Trade Receivables — Current	-20.0	-28.8	-42.3	-58.5	—
+ Other Financial Assets — Current	-0.0	0.0	0.0	-8.2	—
+ Other Financial Assets — Non-current	-0.5	0.0	0.0	-34.5	—
+ Other Current Assets	0.0	0.1	0.0	0.1	—
+ Other Non-current Assets	0.0	-4.8	-0.4	27.4	—
+ Trade Payables — Current	39.4	-67.3	-15.7	8.1	—
+ Other Current Liabilities	31.3	8.5	23.1	27.8	—
+ Other Non-current Liabilities	-5.7	8.5	2.9	-9.8	—
Cash from Operating Activities
Profit Before Tax (per I/S)	177.0	189.3	165.7	114.8	177.9
+ Total Adjustments (incl. Working Capital)	32.3	-26.0	76.8	128.9	—
Cash from Operations (pre-tax)	209.2	163.2	242.5	243.7	—
+ Income Taxes Paid	42.4	32.0	59.1	14.0	—
Cash from Operating Activities	166.8	131.2	183.4	229.7	—
Cash from Investing Activities
+ Disp of Fixed Assets	0.6	2.9	0.1	0.0	—
+ Disp of Other Long-term Assets	0.0	0.0	0.0	2.1	—
+ Dividends Received — Investing	7.9	15.1	17.0	10.9	—
+ Interest Received — Investing	4.8	4.2	8.5	0.9	—
+ Other Inflows / (Outflows) — Investing	-198.6	-254.4	-383.7	-195.4	—
Cash from Investing Activities	-185.3	-232.1	-358.2	-181.5	—
Cash from Financing Activities
+ Proceeds from Borrowings	75.0	175.0	345.9	169.6	—
+ Repayment of Borrowings	92.8	119.5	123.4	143.7	—
+ Interest Paid	33.7	47.2	66.7	78.2	—
+ Dividends Paid	14.5	14.5	19.3	19.3	—
+ Other Inflows / (Outflows) — Financing	76.5	100.7	46.4	30.9	—
Cash from Financing Activities	10.5	94.5	182.9	-40.7	—
Net Changes in Cash (pre-FX)	-8.0	-6.4	8.1	7.5	—
Net Changes in Cash	-8.0	-6.4	8.1	7.5	—
Closing Cash	218.1	209.3	—	—	—
Reference Items
EBITDA	272.9	292.8	296.1	280.0	281.0
EBITDA Margin %	18.66	18.73	19.41	17.61	17.16
Free Cash Flow (CFO − Capex)	166.8	131.2	183.4	229.7	229.7
Free Cash Flow to Equity	—	233.2	364.4	173.9	—
Free Cash Flow per Basic Share	34.55	27.18	38.00	47.57	47.57
Price to Free Cash Flow	—	—	—	—	10.39
Cash Flow to Net Income	1.30	0.97	1.51	2.33	—
Cash Paid for Taxes	42.4	32.0	59.1	14.0	—
Cash Paid for Interest	33.7	47.2	66.7	78.2	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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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%.