MM Forgings Ltd
MMFLMM Forgings Ltd
MMFLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
20.83 | 3.98 | 0.54% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
27.46 | 3.63 | 1.17% |
Forecast & Ratings
Detailed Forecastfrom 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
MM Forgings Limited is engaged in manufacturing steel forging. The Company is a manufacturer of automotive components.
Peers
Compare with peersJSW Steel Ltd
Tata Steel Ltd
Jindal Steel And Power Ltd
Steel Authority of India Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 504.94 | 507.67 | 489.67 | 650.98 | 950.00 | 787.95 | 771.78 | 1,155.34 | 1,474.37 | 1,574.18 | ||||||||||
Raw Materials | 211.84 | 199.62 | 191.13 | 287.25 | 455.25 | 337.03 | 327.59 | 525.05 | 744.16 | 1,269.05 | ||||||||||
Power & Fuel Cost | 49.09 | 47.43 | 44.36 | 60.32 | 81.85 | 73.23 | 73.00 | 95.41 | 128.34 | |||||||||||
Employee Cost | 43.59 | 47.49 | 46.69 | 57.97 | 82.26 | 82.83 | 80.14 | 110.11 | 122.22 | |||||||||||
Selling & Administrative Expenses | 30.84 | 34.88 | 35.79 | 46.28 | 53.69 | 39.64 | 46.02 | 95.78 | 89.89 | |||||||||||
Operating & Other expenses | 56.40 | 64.82 | 67.67 | 65.04 | 94.58 | 104.26 | 96.68 | 104.64 | 104.43 | |||||||||||
EBITDA | 113.18 | 113.43 | 104.03 | 134.12 | 182.37 | 150.96 | 148.35 | 224.35 | 285.33 | 305.13 | ||||||||||
Depreciation/Amortization | 35.38 | 35.81 | 38.93 | 46.44 | 58.07 | 59.56 | 64.58 | 67.77 | 78.81 | 83.11 | ||||||||||
PBIT | 77.80 | 77.62 | 65.10 | 87.68 | 124.30 | 91.40 | 83.77 | 156.58 | 206.52 | 222.02 | ||||||||||
Interest & Other Items | 9.14 | 8.32 | 9.95 | 13.49 | 31.58 | 38.30 | 32.13 | 27.73 | 29.57 | 36.54 | ||||||||||
PBT | 68.66 | 69.30 | 55.15 | 74.19 | 92.72 | 53.10 | 51.64 | 128.85 | 176.95 | 185.48 | ||||||||||
Taxes & Other Items | 18.12 | 19.20 | 11.72 | 13.58 | 27.21 | 11.19 | 5.57 | 37.86 | 49.01 | 56.69 | ||||||||||
Net Income | 50.54 | 50.10 | 43.43 | 60.61 | 65.51 | 41.91 | 46.07 | 90.99 | 127.94 | 128.79 | ||||||||||
EPS | 20.94 | 20.75 | 17.99 | 25.11 | 27.14 | 17.36 | 19.08 | 37.69 | 53.00 | 53.35 | ||||||||||
DPS | 3.00 | 3.00 | 3.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 6.00 | 6.00 | ||||||||||
Payout ratio | 0.14 | 0.14 | 0.17 | 0.20 | 0.18 | 0.29 | 0.26 | 0.16 | 0.11 | 0.11 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
MM Forgings Ltd | 20.96 | 3.98 | 0.54% |
JSW Steel Ltd | 52.35 | 3.23 | 0.47% |
Tata Steel Ltd | 23.85 | 1.99 | 2.10% |
Jindal Steel And Power Ltd | 29.75 | 2.42 | 0.21% |
Price Comparison
Compare MMFL with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Increased Total Retail Holding
In last 3 months, retail holding in the company has increased by 1.32%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Shareholding History
Mutual Funds Holding Trend
Decreased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has decreased by 2.67%
Top 5 Mutual Funds holding MM Forgings Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Tata Small Cap Fund-Direct Plan-Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.5700% | Percentage of the fund’s portfolio invested in the stock 1.11% | Change in the portfolio weight of the stock over the last 3 months -0.21% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 37/56 (-3) |
HDFC Hybrid Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9793% | Percentage of the fund’s portfolio invested in the stock 0.23% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 59/138 (-31) |
HSBC Small Cap Fund - Direct Plan - Growth Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.6941% | Percentage of the fund’s portfolio invested in the stock 0.34% | Change in the portfolio weight of the stock over the last 3 months -0.19% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 83/103 (-9) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividend Cuts
MMFL has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.54%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹5.40 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateMay 29, 2023
Dividend/Share
₹6.00
Ex DateEx Date
May 29, 2023
Cash Dividend
Ex DateEx DateJun 6, 2022
Dividend/Share
₹6.00
Ex DateEx Date
Jun 6, 2022
Cash Dividend
Ex DateEx DateJul 1, 2021
Dividend/Share
₹5.00
Ex DateEx Date
Jul 1, 2021
Cash Dividend
Ex DateEx DateMar 19, 2020
Dividend/Share
₹5.00
Ex DateEx Date
Mar 19, 2020
Cash Dividend
Ex DateEx DateJun 7, 2019
Dividend/Share
₹2.50
Ex DateEx Date
Jun 7, 2019
News & Opinions
News Video
MM Forgings: EV Run a boost to growth projects | Key Growth Drivers With Vidyashankar Krishnan
1 week ago•ET NOW
MM Forgings aims to become a major EV player
11 months ago•The Hindu
Multibagger stock with 445% returns in three years turns ex-dividend today; check details
11 months ago•Business Today
MM Forgings Q4 standalone net rises threefold to ₹30 cr.
11 months ago•The Hindu
MM Forgings Standalone March 2023 Net Sales at Rs 372.89 crore, up 18.92% Y-o-Y
11 months ago•Moneycontrol
MM Forgings Consolidated March 2023 Net Sales at Rs 388.30 crore, up 20.45% Y-o-Y
11 months ago•Moneycontrol
Stocks to Watch today, May 18, 2023: HDFC Bk, Vedant Fashions, MM Forgings, NDTV
11 months ago•Business Standard
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 17.76%, vs industry avg of 13.82%
Increasing Market Share
Over the last 5 years, market share increased from 0.14% to 0.19%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 16.12%, vs industry avg of 8.73%