About M M Forgings
M M Forgings is a publicly listed company based in Chennai (India) founded in 1974 by S R Subramanian and S E Krishnan. The company has 485 employees. M M Forgings has completed 2 acquisitions, including Abhinava Rizel and Cafoma. Its Indian entity Mm Forgings Limited reported revenue of ₹1,606 Cr.
Company details
Manufacturer of closed-die forgings for automotive and industrial applications. It produces forgings for passenger cars, commercial vehicles, agricultural machinery, off-highway equipment, railway components, and industrial applications. The company offers a complete manufacturing process, including engineering, tool manufacturing, forging, heat treatment, and machining. It also has an industrial automation division that manufactures automation equipment. The company serves both domestic and international customers.
- Headquarters Chennai, India
- Employees 485
- Founders S R Subramanian, S E Krishnan
- Stage Public
- Email••••••••
- Phone•••• ••••
- Website mmforgings.com
- Social LinkedIn
- Legal Name Mm Forgings Limited
- Market Cap₹3,006 Cr
MMFL · NSE
- Share Price₹638.65
+2.56% today
- Revenue₹1,590 Cr
FY 2025-26 · +4.2% YoY
- EBITDA₹280 Cr
Margin 17.6%
- Net Profit₹97.99 Cr
FY 2025-26 · -20.4% YoY
- P/E (TTM)23.3x
P/B 2.8x
- ROE10.0%
ROCE 8.7%
- Debt / Equity1.30
Interest cover 44.2x
- Employee Count485
- Investments & AcquisitionsAbhinava Rizel
& 1 more
Associated legal entities of M M Forgings
M M Forgings operates through Mm Forgings Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mm Forgings Limited Listed CIN L51102TN1946PLC001473 | Active | 21 Feb 1946 | Chennai, Tamil Nadu | ₹1,606 Cr | 1,084 | 12 | View details |
Board of directors of Mm Forgings Limited (M M Forgings)
Mm Forgings Limited is the primary company behind M M Forgings. The board of Mm Forgings Limited currently have 10 directors; the longest-serving is Krishnan Venkatramanan, appointed in 2008. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnan Venkatramanan DIN 00823317 | Whole-time director | 01 Sep 2008 | 18 yrs 2 mo | Mm Forgings Limited |
| Vidya Shankar Krishnan DIN 00081441 | Managing Director | 01 Sep 2008 | 18 yrs 2 mo | Mm Forgings Limited |
| Sumita Vidyashankar DIN 00059062 | Director | 13 Aug 2021 | 5 yrs 3 mo | Mm Forgings Limited |
| Shankar Subramanian Athreya DIN 10153304 | Director | 11 Aug 2023 | 3 yrs 3 mo | Mm Forgings Limited |
| Srinivasan Krishna Kumar DIN 09203779 | Director | 08 Mar 2024 | 2 yrs 8 mo | Mm Forgings Limited |
| Radhakrishnan Subramanian DIN 10480862 | Director | 08 Mar 2024 | 2 yrs 8 mo | Mm Forgings Limited |
| Ramnath Nagarajan DIN 00081516 | Whole-time director | 01 Apr 2024 | 2 yrs 7 mo | Mm Forgings Limited |
| Raman Krishnakumar DIN 00070743 | Whole-time director | 01 Apr 2024 | 2 yrs 7 mo | Mm Forgings Limited |
| Sankaran Hari DIN 01734801 | Director | 01 Apr 2024 | 2 yrs 7 mo | Mm Forgings Limited |
| Rama Sivaraman DIN 07425519 | Director | 31 Mar 2025 | 1 yr 7 mo | Mm Forgings Limited |
People of M M Forgings
3 people are tracked at M M Forgings (3 in leadership); the tracked headcount is 485.
| Name | Role | Group |
|---|---|---|
S R Subramanian | Co-Founder | Leadership |
S E Krishnan | Co-Founder | Leadership |
| Managing Director | Leadership |
Complete people profiles for M M Forgings
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of M M Forgings
M M Forgings is a publicly listed company on the NSE with ticker symbol MMFL in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date20 Dec 2006
- Listed onNSE: MMFL
- Listed entityMM Forgings Limited
- Exchange sectorProducer manufacturing
- ISININE227C01017
- Share price₹538.80 (-3.31% on the day) · 2026-10-14
- Market capitalisation₹2,690 Cr
- Price to earnings23.0
- EPS (diluted, trailing year)₹23.43
- Dividend yield0.72%
- Volume (last session)68,632
Financials of M M Forgings
Exchange-reported figures of Mm Forgings Limited, the listed company behind M M Forgings (NSE: MMFL).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,590 | 1,525 | 1,563 | 1,462 | 1,140 | 752 | 769 |
| Revenue growth | +4.2% | -2.4% | +6.9% | +28.3% | +51.5% | -2.2% | - |
| EBITDA | 280 | 296 | 293 | 273 | 209 | 129 | 132 |
| EBITDA margin | +17.6% | +19.4% | +18.7% | +18.7% | +18.3% | +17.1% | +17.2% |
| Profit before tax | 115 | 166 | 189 | 177 | 129 | 51.65 | 53.10 |
| Net profit | 97.99 | 123 | 134 | 128 | 90.00 | 44.39 | 41.77 |
| Net profit margin | +6.2% | +8.1% | +8.6% | +8.7% | +7.9% | +5.9% | +5.4% |
| EPS (₹) | 20.44 | 25.52 | 55.94 | 53.00 | 37.69 | 19.08 | 17.37 |
| Balance sheet | |||||||
| Total assets | 2,223 | 2,100 | 1,732 | 1,434 | 1,251 | 1,023 | 1,024 |
| Net worth | 975 | 893 | 789 | 673 | 560 | 487 | 455 |
| Total debt | 1,235 | 1,185 | 931 | 756 | 685 | 532 | 566 |
| Cash & bank | 225 | 218 | 210 | 219 | 227 | 188 | 176 |
| Net working capital | 784 | 740 | 668 | 544 | 484 | 312 | 278 |
| Cash flow | |||||||
| Cash from operations | 228 | 182 | 149 | 160 | 150 | 20.35 | 283 |
| Cash from investing | (182) | (358) | (232) | (187) | (126) | (11.43) | (77.86) |
| Cash from financing | (38.11) | 185 | 77.07 | 16.49 | 14.12 | 3.29 | (202) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 548 | 420 | 430 | 414 | 384 | 362 | 371 | 374 |
| Revenue growth (YoY) | +42.9% | +16.3% | +15.9% | +10.6% | -3.6% | -5.4% | - | - |
| Other income | 2.08 | 70.56 | 0.67 | 3.23 | 5.42 | 7.75 | 6.49 | 3.55 |
| EBITDA | 104 | 74.94 | 80.76 | 69.34 | 66.89 | 63.32 | 72.87 | 73.13 |
| EBITDA margin | +19.4% | +18.3% | +18.8% | +16.8% | +17.8% | +17.9% | +19.7% | +19.6% |
| Depreciation | 27.20 | 29.88 | 27.71 | 26.15 | 24.11 | 25.08 | 25.56 | 22.65 |
| Interest | 18.78 | 16.27 | 18.31 | 20.35 | 21.23 | 18.30 | 13.65 | 15.49 |
| Profit before tax | 60.56 | 99.35 | 35.41 | 26.07 | 26.97 | 27.69 | 40.15 | 38.54 |
| Tax | 18.81 | 10.09 | (9.35) | 8.50 | 8.50 | 8.50 | 6.86 | 12.00 |
| Net profit | 41.75 | 89.26 | 44.76 | 17.57 | 18.47 | 19.19 | 33.29 | 26.54 |
| EPS (₹) | 8.65 | 18.73 | 9.27 | 3.64 | 3.43 | 3.97 | 6.90 | 5.50 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,545 | 1,477 | 1,527 | 1,409 | 1,105 | 726 | 727 |
| Revenue growth | +4.6% | -3.3% | +8.4% | +27.6% | +52.2% | -0.2% | - |
| EBITDA | 275 | 294 | 288 | 256 | 202 | 121 | 125 |
| EBITDA margin | +17.8% | +19.9% | +18.9% | +18.1% | +18.3% | +16.7% | +17.2% |
| Profit before tax | 130 | 180 | 199 | 175 | 133 | 54.94 | 57.42 |
| Net profit | 113 | 136 | 145 | 126 | 91.76 | 46.62 | 46.23 |
| Net profit margin | +7.3% | +9.2% | +9.5% | +8.9% | +8.3% | +6.4% | +6.4% |
| EPS (₹) | 23.58 | 28.23 | 60.26 | 52.02 | 38.01 | 19.31 | 19.15 |
| Balance sheet | |||||||
| Total assets | 2,279 | 2,139 | 1,754 | 1,445 | 1,264 | 1,036 | 1,037 |
| Net worth | 1,031 | 934 | 816 | 689 | 578 | 500 | 468 |
| Total debt | 1,235 | 1,184 | 925 | 752 | 680 | 532 | 566 |
| Cash & bank | 223 | 217 | 209 | 205 | 225 | 187 | 174 |
| Net working capital | 757 | 735 | 666 | 546 | 475 | 310 | 268 |
| Cash flow | |||||||
| Cash from operations | 240 | 189 | 145 | 114 | 147 | 10.23 | 273 |
| Cash from investing | (157) | (330) | (201) | (156) | (126) | (12.08) | (71.43) |
| Cash from financing | (77.15) | 149 | 63.07 | 22.98 | 16.71 | 14.50 | (199) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 547 | 420 | 413 | 405 | 384 | 349 | 355 | 364 |
| Revenue growth (YoY) | +42.4% | +20.3% | +16.5% | +11.3% | -1.4% | -5.4% | - | - |
| Other income | 4.28 | 71.53 | 3.57 | 5.46 | 5.42 | 9.10 | 8.29 | 5.94 |
| Total expenses | 440 | 345 | 335 | 334 | 317 | 286 | 282 | 291 |
| EBITDA | 106 | 74.80 | 78.16 | 71.64 | 66.89 | 62.55 | 72.40 | 73.32 |
| EBITDA margin | +19.9% | +18.3% | +18.9% | +17.7% | +17.8% | +18.3% | +20.5% | +20.2% |
| Depreciation | 27.20 | 29.76 | 24.70 | 22.50 | 24.11 | 22.50 | 22.65 | 20.06 |
| Interest | 18.78 | 16.27 | 18.31 | 20.35 | 21.23 | 18.30 | 15.16 | 15.49 |
| Profit before tax | 64.70 | 100 | 38.72 | 34.25 | 26.97 | 30.85 | 42.88 | 43.71 |
| Tax | 18.81 | 8.75 | (9.39) | 8.50 | 8.50 | 8.50 | 6.67 | 12.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 548 | 420 | 430 | 414 | 384 | 362 | 371 | 374 |
| Revenue growth (YoY) | +42.9% | +16.3% | +15.9% | +10.6% | -3.6% | -5.4% | - | - |
| Other income | 2.08 | 70.56 | 0.67 | 3.23 | 5.42 | 7.75 | 6.49 | 3.55 |
| EBITDA | 104 | 74.94 | 80.76 | 69.34 | 66.89 | 63.32 | 72.87 | 73.13 |
| EBITDA margin | +19.4% | +18.3% | +18.8% | +16.8% | +17.8% | +17.9% | +19.7% | +19.6% |
| Depreciation | 27.20 | 29.88 | 27.71 | 26.15 | 24.11 | 25.08 | 25.56 | 22.65 |
| Interest | 18.78 | 16.27 | 18.31 | 20.35 | 21.23 | 18.30 | 13.65 | 15.49 |
| Profit before tax | 60.56 | 99.35 | 35.41 | 26.07 | 26.97 | 27.69 | 40.15 | 38.54 |
| Tax | 18.81 | 10.09 | (9.35) | 8.50 | 8.50 | 8.50 | 6.86 | 12.00 |
| Net profit | 41.75 | 89.26 | 44.76 | 17.57 | 18.47 | 19.19 | 33.29 | 26.54 |
| EPS (₹) | 8.65 | 18.73 | 9.27 | 3.64 | 3.43 | 3.97 | 6.90 | 5.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,590 | 1,525 | 1,563 | 1,462 | 1,140 | 752 | 769 |
| Revenue growth | +4.2% | -2.4% | +6.9% | +28.3% | +51.5% | -2.2% | - |
| Other income | 16.16 | 22.70 | 21.79 | 12.49 | 15.71 | 19.69 | 18.78 |
| Total expenses | 1,310 | 1,229 | 1,270 | 1,189 | 931 | 623 | 637 |
| Employee cost | 162 | 142 | 130 | 123 | 110 | 80.14 | 82.83 |
| EBITDA | 280 | 296 | 293 | 273 | 209 | 129 | 132 |
| EBITDA margin | +17.6% | +19.4% | +18.7% | +18.7% | +18.3% | +17.1% | +17.2% |
| Depreciation | 103 | 93.26 | 82.81 | 78.81 | 67.77 | 64.58 | 59.56 |
| Interest | 78.20 | 59.79 | 42.32 | 29.57 | 27.73 | 32.13 | 38.30 |
| Profit before tax | 115 | 166 | 189 | 177 | 129 | 51.65 | 53.10 |
| Tax | 16.15 | 42.52 | 54.46 | 49.01 | 37.86 | 5.57 | 11.19 |
| Net profit | 97.99 | 123 | 134 | 128 | 90.00 | 44.39 | 41.77 |
| Net profit margin | +6.2% | +8.1% | +8.6% | +8.7% | +7.9% | +5.9% | +5.4% |
| EPS (₹) | 20.44 | 25.52 | 55.94 | 53.00 | 37.69 | 19.08 | 17.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.28 | 48.28 | 24.14 | 24.14 | 24.14 | 24.14 | 24.14 |
| Reserves & surplus | 927 | 845 | 765 | 649 | 535 | 463 | 431 |
| Shareholders' funds (net worth) | 975 | 893 | 789 | 673 | 560 | 487 | 455 |
| Minority interest | 0.36 | 0.36 | 0.36 | 0.36 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,124 | 1,119 | 886 | 705 | 659 | 510 | 563 |
| Unsecured loans | 112 | 66.71 | 44.62 | 51.30 | 25.72 | 22.19 | 3.07 |
| Total debt | 1,235 | 1,185 | 931 | 756 | 685 | 532 | 566 |
| Total liabilities | 2,223 | 2,100 | 1,732 | 1,434 | 1,251 | 1,023 | 1,024 |
| Assets | |||||||
| Gross block | 2,155 | 1,916 | 1,772 | 1,581 | 1,407 | 1,316 | 1,253 |
| Net block | 1,101 | 964 | 914 | 804 | 708 | 675 | 712 |
| Capital work in progress | 335 | 383 | 124 | 62.57 | 36.38 | 17.47 | 12.71 |
| Investments | 9.84 | 3.84 | 22.84 | 22.29 | 22.29 | 3.29 | 3.29 |
| Inventories | 334 | 342 | 345 | 306 | 204 | 179 | 136 |
| Sundry debtors | 419 | 353 | 276 | 197 | 157 | 116 | 20.75 |
| Cash & bank balances | 225 | 218 | 210 | 219 | 227 | 188 | 176 |
| Loans & advances | 41.69 | 32.37 | 36.23 | 19.30 | 31.59 | 29.28 | 25.59 |
| Total current assets | 1,020 | 945 | 867 | 740 | 619 | 512 | 358 |
| Total current liabilities | 235 | 205 | 199 | 196 | 135 | 200 | 80.27 |
| Net working capital | 784 | 740 | 668 | 544 | 484 | 312 | 278 |
| Total assets | 2,223 | 2,100 | 1,732 | 1,434 | 1,251 | 1,023 | 1,024 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 218 | 210 | 216 | 226 | 187 | 175 | 172 |
| Net cash from operating activities | 228 | 182 | 149 | 160 | 150 | 20.35 | 283 |
| Net cash from investing activities | (182) | (358) | (232) | (187) | (126) | (11.43) | (77.86) |
| Net cash from financing activities | (38.11) | 185 | 77.07 | 16.49 | 14.12 | 3.29 | (202) |
| Net change in cash | 7.50 | 8.13 | (6.39) | (10.37) | 38.99 | 12.20 | 3.16 |
| Closing cash | 225 | 218 | 210 | 219 | 227 | 188 | 176 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.2% | -2.4% | +6.9% | +28.3% | +51.5% | -2.2% | - |
| EBITDA growth | -5.4% | +1.1% | +7.3% | +30.8% | +62.2% | -2.7% | - |
| PBT growth | -30.7% | -12.5% | +7.1% | +37.3% | +149.5% | -2.7% | -42.7% |
| Net income growth | -20.4% | -8.2% | +5.1% | +41.8% | +102.8% | +6.3% | - |
| Revenue CAGR (3Y) | +2.8% | +10.2% | +27.6% | +23.9% | +6.9% | +5.6% | - |
| EBITDA CAGR (3Y) | +0.9% | +12.4% | +31.5% | +27.3% | +7.8% | +1.9% | - |
| Profitability & leverage | |||||||
| Net income margin | +6.2% | +8.1% | +8.6% | +8.8% | +8.0% | +6.1% | +5.5% |
| Return on capital employed | +8.7% | +11.6% | +14.4% | +15.1% | +13.5% | +8.1% | +8.4% |
| Return on net worth | +10.0% | +14.0% | +17.9% | +20.0% | +16.7% | +9.4% | +9.2% |
| Debt / equity | 1.30 | 1.26 | 1.15 | 1.17 | 1.16 | 1.17 | 1.42 |
| Long-term debt / equity | 0.64 | 0.59 | 0.49 | 0.55 | 0.62 | 0.67 | 0.83 |
| Interest cover | 44.22 | 29.48 | 20.15 | 15.24 | 19.68 | 50.13 | 52.74 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.78 | 0.83 | 0.93 | 0.98 | 0.84 | 0.59 | 0.65 |
| Inventory turnover | 4.71 | 4.44 | 4.80 | 5.74 | 5.96 | 4.78 | 4.65 |
| Debtors turnover | 4.12 | 4.85 | 6.61 | 8.27 | 8.37 | 11.04 | 13.85 |
| EPS (₹) | 20.44 | 25.52 | 55.94 | 53.00 | 37.69 | 19.08 | 17.37 |
| Dividend per share (₹) | 4.00 | 4.00 | 8.00 | 6.00 | 6.00 | 5.00 | 5.00 |
| Book value per share (₹) | 201.99 | 185.05 | 326.72 | 278.78 | 231.79 | 201.80 | 188.48 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 547 | 420 | 413 | 405 | 384 | 349 | 355 | 364 |
| Revenue growth (YoY) | +42.4% | +20.3% | +16.5% | +11.3% | -1.4% | -5.4% | - | - |
| Other income | 4.28 | 71.53 | 3.57 | 5.46 | 5.42 | 9.10 | 8.29 | 5.94 |
| Total expenses | 440 | 345 | 335 | 334 | 317 | 286 | 282 | 291 |
| EBITDA | 106 | 74.80 | 78.16 | 71.64 | 66.89 | 62.55 | 72.40 | 73.32 |
| EBITDA margin | +19.9% | +18.3% | +18.9% | +17.7% | +17.8% | +18.3% | +20.5% | +20.2% |
| Depreciation | 27.20 | 29.76 | 24.70 | 22.50 | 24.11 | 22.50 | 22.65 | 20.06 |
| Interest | 18.78 | 16.27 | 18.31 | 20.35 | 21.23 | 18.30 | 15.16 | 15.49 |
| Profit before tax | 64.70 | 100 | 38.72 | 34.25 | 26.97 | 30.85 | 42.88 | 43.71 |
| Tax | 18.81 | 8.75 | (9.39) | 8.50 | 8.50 | 8.50 | 6.67 | 12.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,545 | 1,477 | 1,527 | 1,409 | 1,105 | 726 | 727 |
| Revenue growth | +4.6% | -3.3% | +8.4% | +27.6% | +52.2% | -0.2% | - |
| Other income | 24.89 | 29.60 | 26.09 | 16.13 | 18.57 | 21.59 | 18.51 |
| Total expenses | 1,270 | 1,183 | 1,239 | 1,154 | 903 | 604 | 602 |
| Employee cost | 146 | 127 | 116 | 109 | 98.66 | 70.43 | 76.40 |
| EBITDA | 275 | 294 | 288 | 256 | 202 | 121 | 125 |
| EBITDA margin | +17.8% | +19.9% | +18.9% | +18.1% | +18.3% | +16.7% | +17.2% |
| Depreciation | 92.20 | 82.45 | 72.49 | 67.60 | 60.11 | 56.73 | 53.23 |
| Interest | 78.20 | 61.29 | 42.56 | 29.22 | 27.31 | 31.22 | 33.05 |
| Profit before tax | 130 | 180 | 199 | 175 | 133 | 54.94 | 57.42 |
| Tax | 16.11 | 43.68 | 53.96 | 49.26 | 41.13 | 8.32 | 11.19 |
| Net profit | 113 | 136 | 145 | 126 | 91.76 | 46.62 | 46.23 |
| Net profit margin | +7.3% | +9.2% | +9.5% | +8.9% | +8.3% | +6.4% | +6.4% |
| EPS (₹) | 23.58 | 28.23 | 60.26 | 52.02 | 38.01 | 19.31 | 19.15 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.28 | 48.28 | 24.14 | 24.14 | 24.14 | 24.14 | 24.14 |
| Reserves & surplus | 983 | 886 | 792 | 665 | 554 | 476 | 444 |
| Shareholders' funds (net worth) | 1,031 | 934 | 816 | 689 | 578 | 500 | 468 |
| Secured loans | 1,123 | 1,118 | 885 | 752 | 654 | 510 | 563 |
| Unsecured loans | 112 | 66.71 | 39.83 | 0.00 | 25.72 | 22.19 | 3.07 |
| Total debt | 1,235 | 1,184 | 925 | 752 | 680 | 532 | 566 |
| Total liabilities | 2,279 | 2,139 | 1,754 | 1,445 | 1,264 | 1,036 | 1,037 |
| Assets | |||||||
| Gross block | 1,961 | 1,726 | 1,600 | 1,393 | 1,264 | 1,171 | 1,150 |
| Net block | 1,004 | 861 | 818 | 712 | 650 | 618 | 653 |
| Capital work in progress | 299 | 361 | 112 | 59.34 | 36.35 | 17.47 | 8.71 |
| Investments | 28.27 | 22.27 | 41.27 | 49.72 | 32.88 | 4.88 | 4.88 |
| Inventories | 314 | 322 | 322 | 288 | 193 | 169 | 131 |
| Sundry debtors | 425 | 383 | 316 | 228 | 166 | 122 | 12.46 |
| Cash & bank balances | 223 | 217 | 209 | 205 | 225 | 187 | 174 |
| Loans & advances | 22.25 | 10.55 | 20.40 | 11.82 | 30.91 | 28.59 | 23.67 |
| Total current assets | 985 | 933 | 868 | 733 | 615 | 506 | 341 |
| Total current liabilities | 228 | 197 | 202 | 187 | 140 | 196 | 72.73 |
| Net working capital | 757 | 735 | 666 | 546 | 475 | 310 | 268 |
| Total assets | 2,279 | 2,139 | 1,754 | 1,445 | 1,264 | 1,036 | 1,037 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 217 | 209 | 203 | 224 | 186 | 173 | 171 |
| Net cash from operating activities | 240 | 189 | 145 | 114 | 147 | 10.23 | 273 |
| Net cash from investing activities | (157) | (330) | (201) | (156) | (126) | (12.08) | (71.43) |
| Net cash from financing activities | (77.15) | 149 | 63.07 | 22.98 | 16.71 | 14.50 | (199) |
| Net change in cash | 6.04 | 8.05 | 6.34 | (19.27) | 37.98 | 12.65 | 2.25 |
| Closing cash | 223 | 217 | 209 | 205 | 225 | 187 | 174 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +4.6% | -3.3% | +8.4% | +27.6% | +52.2% | -0.2% | - |
| EBITDA growth | -6.3% | +2.0% | +12.9% | +26.7% | +66.3% | -3.1% | - |
| PBT growth | -27.8% | -9.8% | +14.1% | +31.6% | +141.9% | -4.3% | -47.1% |
| Net income growth | -16.9% | -6.0% | +15.4% | +36.9% | +96.8% | +0.8% | - |
| Revenue CAGR (3Y) | +3.1% | +10.2% | +28.2% | +24.7% | +6.9% | +5.4% | +15.0% |
| EBITDA CAGR (3Y) | +2.5% | +13.4% | +33.5% | +26.9% | +5.2% | -0.9% | +10.5% |
| Profitability & leverage | |||||||
| Net income margin | +7.4% | +9.2% | +9.5% | +8.9% | +8.3% | +6.4% | +6.4% |
| Return on capital employed | +9.4% | +12.4% | +15.1% | +15.1% | +13.9% | +8.3% | +8.3% |
| Return on net worth | +11.6% | +15.6% | +19.3% | +19.8% | +17.0% | +9.6% | +10.2% |
| Debt / equity | 1.23 | 1.21 | 1.12 | 1.13 | 1.12 | 1.13 | 1.39 |
| Long-term debt / equity | 0.61 | 0.57 | 0.48 | 0.53 | 0.60 | 0.65 | 0.81 |
| Interest cover | 42.67 | 28.96 | 19.71 | 15.55 | 19.28 | 48.35 | 45.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.84 | 0.89 | 1.01 | 1.06 | 0.91 | 0.63 | 0.67 |
| Inventory turnover | 4.86 | 4.58 | 4.99 | 5.86 | 6.11 | 4.85 | 4.57 |
| Debtors turnover | 3.82 | 4.22 | 5.60 | 7.14 | 7.67 | 10.82 | 15.86 |
| EPS (₹) | 23.58 | 28.23 | 60.26 | 52.02 | 38.01 | 19.31 | 19.15 |
| Dividend per share (₹) | 4.00 | 4.00 | 8.00 | 6.00 | 6.00 | 5.00 | 5.00 |
| Book value per share (₹) | 213.56 | 193.47 | 338.15 | 285.30 | 239.28 | 207.27 | 193.99 |
Investments & Acquisitions by M M Forgings
M M Forgings has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Abhinava Rizel and Cafoma.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electric motors for two-wheelers and heavy vehicles are manufactured. | abhinavarizel.com | Chennai, India | 2017 | Sep 2022 | $1.99M | |
Engine components are manufactured by Cafoma in India. | cafoma.in | Kanchipuram, India | 2007 | Oct 2021 | $43.89M |
Complete acquisition details for M M Forgings
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Timeline of M M Forgings
4 dated milestones of M M Forgings across 48 years, from founding to its latest funding, stage changes and deals.
- Founded M M Forgings is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Cafoma.
- Acquisition Acquires Abhinava Rizel.
Web traffic of M M Forgings
The website of M M Forgings (mmforgings.com) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 39% vs previous month
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Frequently Asked Questions about M M Forgings
M M Forgings was founded in 1974.
M M Forgings is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
M M Forgings has 485 employees.
The primary company behind M M Forgings, Mm Forgings Limited, reported revenue of ₹1,606 Cr for FY 2026, up 4% year on year.
Manufacturer of closed-die forgings for automotive and industrial applications. It produces forgings for passenger cars, commercial vehicles, agricultural machinery, off-highway equipment, railway components, and industrial applications. The company offers a complete manufacturing process, including engineering, tool manufacturing, forging, heat treatment, and machining. It also has an industrial automation division that manufactures automation equipment. The company serves both domestic and international customers.
Yes, M M Forgings is publicly traded on NSE under the ticker symbol MMFL.
M M Forgings has made 2 acquisitions, including Abhinava Rizel, and Cafoma.
M M Forgings operates through Mm Forgings Limited.
The legal entities of M M Forgings currently have 12 directors, including Krishnan Venkatramanan, Vidya Shankar Krishnan, Sumita Vidyashankar and others.