M M Forgings Future Growth

Future criteria checks 3/6

M M Forgings is forecast to grow earnings and revenue by 18.3% and 10.9% per annum respectively. EPS is expected to grow by 18.2% per annum. Return on equity is forecast to be 18.3% in 3 years.

Key information

18.3%

Earnings growth rate

18.2%

EPS growth rate

Metals and Mining earnings growth	35.3%
Revenue growth rate	10.9%
Future return on equity	18.3%
Analyst coverage	Low
Last updated	12 Apr 2024

Recent future growth updates

Recent updates

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

Apr 27

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

Feb 20

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

Sep 06

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

Jun 22

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

Mar 15

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

Feb 25

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

Feb 10

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

Jan 28

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

Jan 15

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

Jan 02

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

Dec 20

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

Dec 06

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

Nov 23

A Quick Analysis On M M Forgings' (NSE:MMFL) CEO Salary

Nov 10

Is M M Forgings Limited's (NSE:MMFL) ROE Of 4.1% Concerning?

Oct 28

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

Oct 13

What To Know Before Buying M M Forgings Limited (NSE:MMFL) For Its Dividend

Jun 25

Earnings and Revenue Growth Forecasts

NSEI:MMFL - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2026	19,529	1,995	433	N/A	2
3/31/2025	17,414	1,782	-139	N/A	2
3/31/2024	15,476	1,486	-430	N/A	2
12/31/2023	15,539	1,284	N/A	N/A	N/A
9/30/2023	15,272	1,310	-622	1,633	N/A
6/30/2023	14,881	1,286	N/A	N/A	N/A
3/31/2023	14,619	1,279	-319	1,692	N/A
12/31/2022	13,967	1,090	N/A	N/A	N/A
9/30/2022	13,213	1,028	-64	1,442	N/A
6/30/2022	12,365	962	N/A	N/A	N/A
3/31/2022	11,396	910	370	1,504	N/A
12/31/2021	11,431	1,145	N/A	N/A	N/A
9/30/2021	10,739	987	-283	343	N/A
6/30/2021	9,137	776	N/A	N/A	N/A
3/31/2021	7,521	461	-119	203	N/A
12/31/2020	6,277	213	N/A	N/A	N/A
9/30/2020	5,980	116	1,985	2,661	N/A
6/30/2020	6,262	186	N/A	N/A	N/A
3/31/2020	7,692	419	1,860	2,828	N/A
12/31/2019	8,438	550	N/A	N/A	N/A
9/30/2019	9,082	669	N/A	N/A	N/A
6/30/2019	9,368	777	N/A	N/A	N/A
3/31/2019	9,341	655	-2,882	270	N/A
12/31/2018	9,086	821	N/A	N/A	N/A
9/30/2018	8,081	741	N/A	N/A	N/A
6/30/2018	7,189	673	N/A	N/A	N/A
3/31/2018	6,387	606	-1,446	-420	N/A
12/31/2017	5,416	539	N/A	N/A	N/A
9/30/2017	5,098	488	N/A	N/A	N/A
6/30/2017	4,866	451	N/A	N/A	N/A
3/31/2017	4,784	434	N/A	1,073	N/A
12/31/2016	4,824	416	N/A	N/A	N/A
9/30/2016	4,879	447	N/A	N/A	N/A
6/30/2016	4,971	476	N/A	N/A	N/A
3/31/2016	5,023	501	N/A	1,228	N/A
12/31/2015	5,044	502	N/A	N/A	N/A
9/30/2015	5,044	502	N/A	N/A	N/A
6/30/2015	5,021	502	N/A	N/A	N/A
3/31/2015	5,025	505	N/A	1,056	N/A
12/31/2014	4,840	473	N/A	N/A	N/A
9/30/2014	4,614	413	N/A	N/A	N/A
6/30/2014	4,370	348	N/A	N/A	N/A
3/31/2014	4,114	293	N/A	353	N/A
12/31/2013	3,983	283	N/A	N/A	N/A
9/30/2013	3,797	268	N/A	N/A	N/A
6/30/2013	3,691	262	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMFL's forecast earnings growth (18.3% per year) is above the savings rate (6.7%).

Earnings vs Market: MMFL's earnings (18.3% per year) are forecast to grow faster than the Indian market (17.7% per year).

High Growth Earnings: MMFL's earnings are forecast to grow, but not significantly.

Revenue vs Market: MMFL's revenue (10.9% per year) is forecast to grow faster than the Indian market (10% per year).

High Growth Revenue: MMFL's revenue (10.9% 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 (18.3%).

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M M Forgings Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 9.2% to ₹1,195

Price target increased to ₹1,081

Price target increased to ₹1,081

Price target increased to ₹982

Price target raised to ₹495

M M Forgings Limited Announces Impact of COVID 19 Pandemic on Company's Operations

Recent updates

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

Investor sentiment improves as stock rises 23%

Price target increased by 9.2% to ₹1,195

M M Forgings Limited Announces Board Appointments, Effective 01 April 2024

M M Forgings Limited Announces Board and Committee Changes

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

Third quarter 2024 earnings released: EPS: ₹13.90 (vs ₹14.83 in 3Q 2023)

M M Forgings Limited to Report Q3, 2024 Results on Feb 07, 2024

Investor sentiment improves as stock rises 16%

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

Second quarter 2024 earnings released: EPS: ₹14.69 (vs ₹13.69 in 2Q 2023)

M M Forgings Limited to Report Q2, 2024 Results on Nov 09, 2023

M M Forgings Limited Approves Board Appointments

M M Forgings Limited to Report Q1, 2024 Results on Aug 12, 2023

Full year 2023 earnings released: EPS: ₹53.00 (vs ₹37.69 in FY 2022)

M M Forgings Limited, Annual General Meeting, Aug 11, 2023

Upcoming dividend of ₹6.00 per share at 0.7% yield

Full year 2023 earnings released: EPS: ₹53.00 (vs ₹37.69 in FY 2022)

M M Forgings Limited Announces Executive Changes

Third quarter 2023 earnings released: EPS: ₹14.83 (vs ₹12.18 in 3Q 2022)

M M Forgings Limited to Report Q3, 2023 Results on Feb 13, 2023

Second quarter 2023 earnings released: EPS: ₹13.69 (vs ₹10.99 in 2Q 2022)

M M Forgings Limited to Report Q2, 2023 Results on Nov 14, 2022

M M Forgings Limited (BSE:522241) entered into agreement to acquire Abhinava Rizel Private Limited.

First quarter 2023 earnings released: EPS: ₹11.73 (vs ₹9.49 in 1Q 2022)

M M Forgings Limited to Report Q1, 2023 Results on Aug 10, 2022

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

M M Forgings Limited, Annual General Meeting, Jul 04, 2022

Investor sentiment improved over the past week

Upcoming dividend of ₹6.00 per share

Full year 2022 earnings released: EPS: ₹45.98 (vs ₹19.35 in FY 2021)

M M Forgings Limited Declares Interim Dividend, Payable on or Before 23 June 2022

Price target increased to ₹1,081

Investor sentiment improved over the past week

Price target increased to ₹1,081

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

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

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Price target increased to ₹982

Second quarter 2022 earnings released: EPS ₹10.99 (vs ₹2.24 in 2Q 2021)

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

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

First quarter 2022 earnings released: EPS ₹9.49 (vs ₹3.31 loss in 1Q 2021)

Full year 2021 earnings released: EPS ₹19.35 (vs ₹17.28 in FY 2020)

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

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

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

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

Third quarter 2021 earnings released: EPS ₹5.81 (vs ₹4.69 in 3Q 2020)

New 90-day high: ₹514

M M Forgings Limited to Report Q3, 2021 Results on Feb 08, 2021

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

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

New 90-day high: ₹492

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

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

New 90-day high: ₹457

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

New 90-day high: ₹361

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

Second quarter 2021 earnings released: EPS ₹2.24

A Quick Analysis On M M Forgings' (NSE:MMFL) CEO Salary

M M Forgings Limited to Report Q2, 2021 Results on Nov 11, 2020

Is M M Forgings Limited's (NSE:MMFL) ROE Of 4.1% Concerning?

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

Price target raised to ₹495

M M Forgings Limited to Report Q1, 2021 Results on Jul 27, 2020

M M Forgings Limited Announces Impact of COVID 19 Pandemic on Company's Operations

What To Know Before Buying M M Forgings Limited (NSE:MMFL) For Its Dividend