522241 Stock Overview
M M Forgings Limited, together with its subsidiaries, designs, manufactures, and sells steel forgings for passenger cars, commercial vehicles, off highway, agricultural, and high pressure valves in India.
M M Forgings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹831.45|
|52 Week High||₹1,057.20|
|52 Week Low||₹646.00|
|1 Month Change||-9.69%|
|3 Month Change||-3.43%|
|1 Year Change||0.84%|
|3 Year Change||95.47%|
|5 Year Change||161.11%|
|Change since IPO||10,986.00%|
Recent News & Updates
|522241||IN Metals and Mining||IN Market|
Return vs Industry: 522241 exceeded the Indian Metals and Mining industry which returned -5.7% over the past year.
Return vs Market: 522241 matched the Indian Market which returned 0.5% over the past year.
|522241 Average Weekly Movement||4.8%|
|Metals and Mining Industry Average Movement||5.7%|
|Market Average Movement||5.8%|
|10% most volatile stocks in IN Market||9.1%|
|10% least volatile stocks in IN Market||3.7%|
Stable Share Price: 522241 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 522241's weekly volatility (5%) has been stable over the past year.
About the Company
M M Forgings Limited, together with its subsidiaries, designs, manufactures, and sells steel forgings for passenger cars, commercial vehicles, off highway, agricultural, and high pressure valves in India. It offers closed die forgings, such as axle beams, steering knuckles, crankshaft, axle spindles, gear blanks, sockets, front hubs, ball studs, cross, and differential spiders. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993.
M M Forgings Fundamentals Summary
|522241 fundamental statistics|
Is 522241 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|522241 income statement (TTM)|
|Cost of Revenue||₹5.97b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||39.86|
|Net Profit Margin||7.78%|
How did 522241 perform over the long term?See historical performance and comparison
0.7%Current Dividend Yield
Is 522241 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 522241?
Other financial metrics that can be useful for relative valuation.
|What is 522241's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 522241's PE Ratio compare to its peers?
|522241 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
513434 Tata Metaliks
500404 Sunflag Iron and Steel
522241 M M Forgings
Price-To-Earnings vs Peers: 522241 is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (7.8x).
Price to Earnings Ratio vs Industry
How does 522241's PE Ratio compare vs other companies in the IN Metals and Mining Industry?
Price-To-Earnings vs Industry: 522241 is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the Indian Metals and Mining industry average (13.3x)
Price to Earnings Ratio vs Fair Ratio
What is 522241's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||20.9x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 522241's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 522241 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 522241 (₹831.45) is trading above our estimate of fair value (₹258.63)
Significantly Below Fair Value: 522241 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is M M Forgings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as M M Forgings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine M M Forgings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- M M Forgings competitive advantages and company strategy can generally be found in its financial reports archived here.
How has M M Forgings performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 522241 has high quality earnings.
Growing Profit Margin: 522241's current net profit margins (7.8%) are lower than last year (8.5%).
Past Earnings Growth Analysis
Earnings Trend: 522241's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: 522241's earnings growth over the past year (24%) exceeds its 5-year average (8.4% per year).
Earnings vs Industry: 522241 earnings growth over the past year (24%) underperformed the Metals and Mining industry 28.8%.
Return on Equity
High ROE: 522241's Return on Equity (17.2%) is considered low.
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How is M M Forgings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 522241's short term assets (₹6.2B) exceed its short term liabilities (₹4.7B).
Long Term Liabilities: 522241's short term assets (₹6.2B) exceed its long term liabilities (₹3.8B).
Debt to Equity History and Analysis
Debt Level: 522241's net debt to equity ratio (82%) is considered high.
Reducing Debt: 522241's debt to equity ratio has increased from 71% to 122.4% over the past 5 years.
Debt Coverage: 522241's debt is well covered by operating cash flow (22.1%).
Interest Coverage: 522241's interest payments on its debt are well covered by EBIT (8.2x coverage).
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What is M M Forgings's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 522241's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.35%).
High Dividend: 522241's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (1.6%).
Stability and Growth of Payments
Stable Dividend: 522241's dividend payments have been volatile in the past 10 years.
Growing Dividend: 522241's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (15.1%), 522241's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (38.2%), 522241's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Venkatramanan Krishnan (53 yo)
Shri. Krishnan Venkatramanan, B.E., is Joint Managing Director of MM Forgings Ltd. since February 24, 1999. Mr. Venkatramanan has many years of experience.He has been a Director of MM Forgings Limited sin...
CEO Compensation Analysis
Compensation vs Market: Venkatramanan's total compensation ($USD367.39K) is above average for companies of similar size in the Indian market ($USD220.07K).
Compensation vs Earnings: Venkatramanan's compensation has been consistent with company performance over the past year.
Experienced Management: 522241's management team is seasoned and experienced (14.5 years average tenure).
Experienced Board: 522241's board of directors are seasoned and experienced ( 17.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
M M Forgings Limited's employee growth, exchange listings and data sources
- Name: M M Forgings Limited
- Ticker: 522241
- Exchange: BSE
- Founded: 1945
- Industry: Steel
- Sector: Materials
- Implied Market Cap: ₹20.072b
- Shares outstanding: 24.14m
- Website: https://www.mmforgings.com
Number of Employees
- M M Forgings Limited
- A 24/25, SVK Towers
- 8th Floor
- Tamil Nadu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|522241||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Dec 2001|
|MMFL||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Dec 2001|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.