M M Forgings Limited

NSEI:MMFL Stock Report

Market Cap: ₹25.3b

M M Forgings Past Earnings Performance

Past criteria checks 2/6

M M Forgings has been growing earnings at an average annual rate of 5.2%, while the Metals and Mining industry saw earnings growing at 17.3% annually. Revenues have been growing at an average rate of 9.6% per year. M M Forgings's return on equity is 10%, and it has net margins of 6.2%.

Key information

5.25%

Earnings growth rate

5.25%

EPS growth rate

Metals and Mining Industry Growth25.90%
Revenue growth rate9.62%
Return on equity10.03%
Net Margin6.17%
Last Earnings Update31 Mar 2026

Recent past performance 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...

Revenue & Expenses Breakdown

How M M Forgings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:MMFL Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2615,8999811,7680
31 Dec 2515,3098661,7380
30 Sep 2514,9139561,6750
30 Jun 2515,0461,1091,6320
31 Mar 2515,2521,2191,6220
31 Dec 2415,5201,2631,6390
30 Sep 2415,7671,3321,5970
30 Jun 2415,7511,3611,5410
31 Mar 2415,6311,3501,5030
31 Dec 2315,5391,2841,4470
30 Sep 2315,2721,3101,4200
30 Jun 2314,8811,2861,4130
31 Mar 2314,6191,2801,3980
31 Dec 2213,9671,0901,3840
30 Sep 2213,2131,0281,3700
30 Jun 2212,3659621,2870
31 Mar 2211,3969101,2440
31 Dec 2111,4311,1451,1650
30 Sep 2110,7399871,1150
30 Jun 219,1377769930
31 Mar 217,5214618640
31 Dec 206,2772137350
30 Sep 205,9801167000
30 Jun 206,2621867490
31 Mar 207,6924198910
31 Dec 198,4385509120
30 Sep 199,0826699450
30 Jun 199,3687779110
31 Mar 199,3416559390
31 Dec 189,0868218560
30 Sep 188,0817417820
30 Jun 187,1896737140
31 Mar 186,3876066680
31 Dec 175,4165395990
30 Sep 175,0984885680
30 Jun 174,8664515420
31 Mar 174,7844345290
31 Dec 164,8244165380
30 Sep 164,8794475400
30 Jun 164,9714765450
31 Mar 165,0235015510
31 Dec 155,0445029190
30 Sep 155,0445029070

Quality Earnings: MMFL has high quality earnings.

Growing Profit Margin: MMFL's current net profit margins (6.2%) are lower than last year (8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MMFL's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: MMFL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMFL had negative earnings growth (-19.5%) over the past year, making it difficult to compare to the Metals and Mining industry average (10.4%).

Return on Equity

High ROE: MMFL's Return on Equity (10%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/13 15:51
End of Day Share Price 2026/07/13 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 4 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