M M Forgings Limited

NSEI:MMFL Stock Report

Market Cap: ₹21.3b

M M Forgings Future Growth

Future criteria checks 4/6

M M Forgings is forecast to grow earnings and revenue by 31.8% and 12.9% per annum respectively. EPS is expected to grow by 31.5% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

31.8%

Earnings growth rate

31.50%

EPS growth rate

Metals and Mining earnings growth17.2%
Revenue growth rate12.9%
Future return on equity14.95%
Analyst coverage

Low

Last updated02 Jun 2026

Recent future growth updates

Recent updates

Analysis Article • Jan 03

M M Forgings (NSE:MMFL) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jul 31

It's Unlikely That M M Forgings Limited's (NSE:MMFL) CEO Will See A Huge Pay Rise This Year

Key Insights M M Forgings' Annual General Meeting to take place on 6th of August Salary of ₹31.8m is part of CEO...
Analysis Article • Jun 01

M M Forgings' (NSE:MMFL) Weak Earnings May Only Reveal A Part Of The Whole Picture

M M Forgings Limited's ( NSE:MMFL ) recent weak earnings report didn't cause a big stock movement. We think that...
Analysis Article • Mar 07

M M Forgings (NSE:MMFL) Is Experiencing Growth In Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Analysis Article • Jan 18

Cautious Investors Not Rewarding M M Forgings Limited's (NSE:MMFL) Performance Completely

M M Forgings Limited's ( NSE:MMFL ) price-to-earnings (or "P/E") ratio of 16.9x might make it look like a buy right now...
Analysis Article • Nov 03

M M Forgings' (NSE:MMFL) Shareholders May Want To Dig Deeper Than Statutory Profit

M M Forgings Limited's ( NSE:MMFL ) healthy profit numbers didn't contain any surprises for investors. We think this is...
Analysis Article • Jun 02

M M Forgings (NSE:MMFL) Will Pay A Larger Dividend Than Last Year At ₹8.00

The board of M M Forgings Limited ( NSE:MMFL ) has announced that it will be increasing its dividend by 33% on the 21st...
Analysis Article • May 28

The Return Trends At M M Forgings (NSE:MMFL) Look Promising

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article • Apr 27

M M Forgings Limited (NSE:MMFL) Soars 32% But It's A Story Of Risk Vs Reward

M M Forgings Limited ( NSE:MMFL ) shares have had a really impressive month, gaining 32% after a shaky period...
Analysis Article • Feb 20

These 4 Measures Indicate That M M Forgings (NSE:MMFL) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 19

Investors Holding Back On M M Forgings Limited (NSE:MMFL)

With a price-to-earnings (or "P/E") ratio of 18.4x M M Forgings Limited ( NSE:MMFL ) may be sending bullish signals at...
Analysis Article • Jul 23

Should You Be Adding M M Forgings (NSE:MMFL) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Mar 23

Is M M Forgings (NSE:MMFL) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Feb 09

Is Now The Time To Put M M Forgings (NSE:MMFL) On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analysis Article • Oct 12

M M Forgings (NSE:MMFL) Could Be Struggling To Allocate Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Sep 06

Increases to M M Forgings Limited's (NSE:MMFL) CEO Compensation Might Cool off for now

CEO Venkatramanan Krishnan has done a decent job of delivering relatively good performance at M M Forgings Limited...
Analysis Article • Jun 22

Be Wary Of M M Forgings (NSE:MMFL) And Its Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article • Mar 15

Could The M M Forgings Limited (NSE:MMFL) Ownership Structure Tell Us Something Useful?

The big shareholder groups in M M Forgings Limited ( NSE:MMFL ) have power over the company. Generally speaking, as a...
Analysis Article • Feb 25

Has M M Forgings (NSE:MMFL) Got What It Takes To Become A Multi-Bagger?

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Feb 10

Estimating The Fair Value Of M M Forgings Limited (NSE:MMFL)

In this article we are going to estimate the intrinsic value of M M Forgings Limited ( NSE:MMFL ) by taking the...
Analysis Article • Jan 28

With A 2.6% Return On Equity, Is M M Forgings Limited (NSE:MMFL) A Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Analysis Article • Jan 15

Announcing: M M Forgings (NSE:MMFL) Stock Increased An Energizing 106% In The Last Five Years

The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you...
Analysis Article • Jan 02

We Think M M Forgings's (NSE:MMFL) Statutory Profit Might Understate Its Earnings Potential

Broadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...
Analysis Article • Dec 20

Here's Why M M Forgings (NSE:MMFL) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Dec 06

Should You Buy M M Forgings Limited (NSE:MMFL) For Its 1.1% Dividend?

Could M M Forgings Limited ( NSE:MMFL ) be an attractive dividend share to own for the long haul? Investors are often...
Analysis Article • Nov 23

What Percentage Of M M Forgings Limited (NSE:MMFL) Shares Do Insiders Own?

The big shareholder groups in M M Forgings Limited (NSE:MMFL) have power over the company. Institutions will often...

Earnings and Revenue Growth Forecasts

NSEI:MMFL - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202820,6131,8991,3992,8352
3/31/202718,2001,4493,0123,7572
3/31/202615,8999814032,297N/A
12/31/202515,309866N/AN/AN/A
9/30/202514,913956-6401,817N/A
6/30/202515,0461,109N/AN/AN/A
3/31/202515,2521,219-2,2111,816N/A
12/31/202415,5201,263N/AN/AN/A
9/30/202415,7671,332-2,899947N/A
6/30/202415,7511,361N/AN/AN/A
3/31/202415,6311,350-1,0511,487N/A
12/31/202315,5391,284N/AN/AN/A
9/30/202315,2721,310-6221,633N/A
6/30/202314,8811,286N/AN/AN/A
3/31/202314,6191,280-4081,603N/A
12/31/202213,9671,090N/AN/AN/A
9/30/202213,2131,028-641,442N/A
6/30/202212,365962N/AN/AN/A
3/31/202211,3969103701,504N/A
12/31/202111,4311,145N/AN/AN/A
9/30/202110,739987-283343N/A
6/30/20219,137776N/AN/AN/A
3/31/20217,521461-119203N/A
12/31/20206,277213N/AN/AN/A
9/30/20205,9801161,9852,661N/A
6/30/20206,262186N/AN/AN/A
3/31/20207,6924191,8602,828N/A
12/31/20198,438550N/AN/AN/A
9/30/20199,082669N/AN/AN/A
6/30/20199,368777N/AN/AN/A
3/31/20199,341655N/A270N/A
12/31/20189,086821N/AN/AN/A
9/30/20188,081741N/AN/AN/A
6/30/20187,189673N/AN/AN/A
3/31/20186,387606N/A-420N/A
12/31/20175,416539N/AN/AN/A
9/30/20175,098488N/AN/AN/A
6/30/20174,866451N/AN/AN/A
3/31/20174,784434N/A1,073N/A
12/31/20164,824416N/AN/AN/A
9/30/20164,879447N/AN/AN/A
6/30/20164,971476N/AN/AN/A
3/31/20165,023501N/A1,228N/A
12/31/20155,044502N/AN/AN/A
9/30/20155,044502N/AN/AN/A
6/30/20155,021502N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMFL's forecast earnings growth (31.8% per year) is above the savings rate (6.9%).

Earnings vs Market: MMFL's earnings (31.8% per year) are forecast to grow faster than the Indian market (16.1% per year).

High Growth Earnings: MMFL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MMFL's revenue (12.9% per year) is forecast to grow faster than the Indian market (10.8% per year).

High Growth Revenue: MMFL's revenue (12.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMFL's Return on Equity is forecast to be low in 3 years time (15%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 18:27
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

M M Forgings Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Annamalai Jayaraj360 ONE Capital Market Private Limited
null nullAnand Rathi Shares and Stock Brokers Limited
Kameswari V. S. ChavaliFirstCall Research