MM Forgings Ltd
MMFLMM Forgings Ltd
MMFL
Price 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 |
|---|---|---|
| 17.34 | 2.91 | 0.84% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 30.76 | 3.47 | 1.33% |
Forecast & Ratings
Detailed Forecast from 3 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
Bharat Forge Ltd
Jindal Stainless Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 650.98 | 950.00 | 787.95 | 771.78 | 1,155.34 | 1,474.37 | 1,584.86 | 1,601.21 | ||||||||
Raw Materials | 287.25 | 455.25 | 337.03 | 327.59 | 525.05 | 744.24 | 777.56 | 1,273.77 | ||||||||
| Power & Fuel Cost | 60.32 | 81.85 | 73.23 | 73.00 | 95.41 | 128.35 | 147.40 | |||||||||
| Employee Cost | 57.97 | 82.26 | 82.83 | 80.14 | 110.11 | 122.67 | 129.89 | |||||||||
| Selling & Administrative Expenses | 46.28 | 53.69 | 39.64 | 46.02 | 95.78 | 90.04 | 92.11 | |||||||||
| Operating & Other expenses | 65.04 | 94.58 | 104.26 | 96.68 | 104.64 | 103.73 | 123.28 | |||||||||
EBITDA | 134.12 | 182.37 | 150.96 | 148.35 | 224.35 | 285.34 | 314.62 | 327.44 | ||||||||
| Depreciation/Amortization | 46.44 | 58.07 | 59.56 | 64.58 | 67.77 | 78.81 | 82.81 | 86.27 | ||||||||
| PBIT | 87.68 | 124.30 | 91.40 | 83.77 | 156.58 | 206.53 | 231.81 | 241.17 | ||||||||
| Interest & Other Items | 13.49 | 31.58 | 38.30 | 32.13 | 27.73 | 29.57 | 42.32 | 54.86 | ||||||||
| PBT | 74.19 | 92.72 | 53.10 | 51.64 | 128.85 | 176.96 | 189.49 | 186.31 | ||||||||
| Taxes & Other Items | 13.58 | 27.21 | 11.19 | 5.57 | 37.86 | 49.01 | 54.46 | 53.96 | ||||||||
| Net Income | 60.61 | 65.51 | 41.91 | 46.07 | 90.99 | 127.95 | 135.03 | 132.35 | ||||||||
| EPS | 12.55 | 13.57 | 8.68 | 9.54 | 18.85 | 26.50 | 27.97 | 27.41 | ||||||||
| DPS | 2.50 | 2.50 | 2.50 | 2.50 | 3.00 | 3.00 | 4.00 | 4.00 | ||||||||
| Payout ratio | 0.20 | 0.18 | 0.29 | 0.26 | 0.16 | 0.11 | 0.14 | 0.15 |
Company Updates
Investor Presentation
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsIron & Steel
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| MM Forgings Ltd | 17.00 | 2.91 | 0.84% |
| JSW Steel Ltd | 27.59 | 3.05 | 0.92% |
| Tata Steel Ltd | -41.51 | 1.99 | 2.44% |
| Jindal Steel And Power Ltd | 15.81 | 2.10 | 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
Decreased Total Retail Holding
In last 3 months, retail holding in the company has decreased by 2.13%
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Mar 2024
Jun 2024
Jul 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
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 4.0811% | Percentage of the fund’s portfolio invested in the stock 1.01% | Change in the portfolio weight of the stock over the last 3 months -0.23% | 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 42/54 (-4) |
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 3.1431% | Percentage of the fund’s portfolio invested in the stock 0.29% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 122/138 (-8) |
HSBC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.9003% | Percentage of the fund’s portfolio invested in the stock 0.25% | Change in the portfolio weight of the stock over the last 3 months -0.02% | 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 44/111 (0) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
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 0.83%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹8.33 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJun 14, 2024
Dividend/Share
₹8.00
Ex DateEx Date
Jun 14, 2024
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
Net profit of M M Forgings declined 9.99% to Rs 31.91 crore in the quarter ended September 2024 as against Rs 35.45 crore during the previous quarter ended September 2023. Sales rose 0.62% to Rs 390.76 crore in the quarter ended September 2024 as against Rs 388.37 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales390.76388.37 1 OPM %19.6919.19 - PBDT67.9569.88 -3 PBT44.9249.12 -9 NP31.9135.45 -10 Powered by Capital Market - Live
MM Forgings will hold a meeting of the Board of Directors of the Company on 26 October 2024.Powered by Capital Market - Live
Net profit of M M Forgings rose 3.83% to Rs 30.11 crore in the quarter ended June 2024 as against Rs 29.00 crore during the previous quarter ended June 2023. Sales rose 3.70% to Rs 378.04 crore in the quarter ended June 2024 as against Rs 364.54 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales378.04364.54 4 OPM %19.3417.95 - PBDT64.1361.08 5 PBT42.1240.25 5 NP30.1129.00 4 Powered by Capital Market - Live
MM Forgings will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live
The Board of M M Forgings at its meeting held on 17 July 2024 has approved the allotment of 2,41,40,800 fully paid-up equity shares of Rs 10 each, as equity bonus shares in ratio of 1:1. With this allotment, the paid up equity share capital has increased to 4,82,81,600 equity shares of Rs 10 each amounting to Rs 48,28,16,000. Powered by Capital Market - Live
Broker’s call: MM Forgings (Accumulate)
MM Forgings aims to become a major EV player
Multibagger stock with 445% returns in three years turns ex-dividend today; check details
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 10.78%, vs industry avg of 9.87%
Increasing Market Share
Over the last 5 years, market share increased from 0.18% to 0.2%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 15.56%, vs industry avg of 4.85%