About MUNISH

Founded: 1986
Employees: 794
CEO: Dev Bhasin
WebsiteView website: www.munishforge.com

Munish Forge Limited manufactures and sells forged and cast components. It offers flanges, scaffoldings, auto parts, tank tracks chains, bomb shells, fence posts, and steel accessories for applications in defence, oil and gas, automobile, construction, and infrastructure industries. The company was incorporated in 1986 and is based in Ludhiana, India.

Recent MUNISH News & Updates

New Risk • May 31

New minor risk - Profit margin trend

The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (₹1.21b market cap, or US$12.7m).

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About MUNISH

Recent MUNISH News & Updates

Investor sentiment improves as stock rises 18%

Munish Forge's (NSE:MUNISH) Problems Go Beyond Weak Profit

New minor risk - Profit margin trend

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