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MM Forgings

  • Market Cap: Small Cap
  • Industry: Castings/Forgings
  • ISIN: INE227C01017
  • NSEID: MMFL
  • BSEID: 522241
INR
324.55
2.35 (0.73%)
BSENSE

Apr 11, 12:52 PM

BSE+NSE Vol: 48.87 k

Click here to access the older version
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

323.20325.65

52 Week

308.50725.00
Valuation
Technical
Day's Volume

CASH

48.87 k (34.87%) Volume

Shareholding (Sep 2024)

FII

3.41%

Held by 31 FIIs

DII

10.50%

Held by 10 DIIs

Promoter

56.34%

iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Dashboard
1

Poor long term growth as Net Sales has grown by an annual rate of 13.25% and Operating profit at 16.63% over the last 5 years

 
2

The company has declared Negative results for the last 3 consecutive quarters

3

Stock is technically in a Bearish range

4

Consistent Underperformance against the benchmark over the last 3 years

stock-summaryMojo Parameters
Mojo Parameters
Loading Valuation Snapshot...
Stock DNA
stock-summary
Industry

Castings/Forgings

stock-summary
Market cap

INR 1,569 Cr (Small Cap)

stock-summary
P/E

12.00

stock-summary
Industry P/E

28

stock-summary
Dividend Yield

1.24%

stock-summary
Debt Equity

1.03

stock-summary
Return on Equity

15.54%

stock-summary
Price to Book

1.83

Revenue and Profits (1 Year):
Net Sales:
374 Cr
(Quarterly Results - Dec 2024)
Net Profit:
27 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.24%)
TimePeriod
Price Return
Dividend Return
Total Return
6 Months
-42.88%
0%
-42.88%
1 Year
-25.94%
1.45%
-24.49%
2 Years
-21.56%
3.08%
-18.48%
3 Years
-29.21%
4.98%
-24.23%
4 Years
39.13%
10.45%
49.58%
5 Years
245.36%
33.11%
278.47%

Latest dividend: 8 per share ex-dividend date: Jun-14-2024

Risk Adjusted Returns v/s Sensex stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
13.25%
EBIT Growth (5y)
16.63%
EBIT to Interest (avg)
4.27
Debt to EBITDA (avg)
3.33
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.89
Tax Ratio
28.86%
Dividend Payout Ratio
14.30%
Pledged Shares
0
Institutional Holding
13.60%
ROCE (avg)
12.57%
ROE (avg)
14.66%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
28
Price to Book Value
1.83
EV to EBIT
11.45
EV to EBITDA
8.10
EV to Capital Employed
1.41
EV to Sales
1.57
PEG Ratio
NA
Dividend Yield
1.24%
ROCE (Latest)
12.51%
ROE (Latest)
15.54%
Tecnicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2024stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 7 Schemes (9.33%)

FIIs

Held by 31 FIIs (3.41%)

Promoter with highest holding

Synmax Consultants And Trading Pvt Ltd (24.01%)

Highest Public shareholder

Hdfc Mutual Fund - Hdfc Hybrid Equity Fund (3.72%)

Individual Investors Holdings

24.34%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -6.07% vs 4.20% in Sep 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2024 is -16.80% vs 5.98% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "374.09",
          "val2": "398.26",
          "chgp": "-6.07%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "73.13",
          "val2": "76.95",
          "chgp": "-4.96%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "15.49",
          "val2": "16.11",
          "chgp": "-3.85%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.04",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "26.55",
          "val2": "31.91",
          "chgp": "-16.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.63%",
          "val2": "19.69%",
          "chgp": "-0.06%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2024 is 1.78% vs 9.31% in Sep 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2024 is -3.77% vs 5.02% in Sep 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'24",
        "Sep'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "780.46",
          "val2": "766.82",
          "chgp": "1.78%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "150.08",
          "val2": "139.97",
          "chgp": "7.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "30.65",
          "val2": "18.36",
          "chgp": "66.94%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "62.02",
          "val2": "64.45",
          "chgp": "-3.77%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.52%",
          "val2": "18.59%",
          "chgp": "0.93%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -0.95% vs 8.57% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2024 is -9.61% vs 0.85% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,154.55",
          "val2": "1,165.57",
          "chgp": "-0.95%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "223.21",
          "val2": "215.29",
          "chgp": "3.68%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "46.14",
          "val2": "29.30",
          "chgp": "57.47%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.04",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "88.57",
          "val2": "97.99",
          "chgp": "-9.61%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "19.33%",
          "val2": "18.47%",
          "chgp": "0.86%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2024 is 6.92% vs 30.18% in Mar 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2024 is 5.35% vs 15.27% in Mar 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'24",
        "Mar'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,563.07",
          "val2": "1,461.88",
          "chgp": "6.92%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "292.84",
          "val2": "272.85",
          "chgp": "7.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "42.56",
          "val2": "29.57",
          "chgp": "43.93%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "134.80",
          "val2": "127.95",
          "chgp": "5.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "18.93%",
          "val2": "18.85%",
          "chgp": "0.08%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Dec'24 - QoQstock-summary
Dec'24
Sep'24
Change(%)
Net Sales
374.09
398.26
-6.07%
Operating Profit (PBDIT) excl Other Income
73.13
76.95
-4.96%
Interest
15.49
16.11
-3.85%
Exceptional Items
0.04
0.00
Consolidate Net Profit
26.55
31.91
-16.80%
Operating Profit Margin (Excl OI)
19.63%
19.69%
-0.06%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2024 is -6.07% vs 4.20% in Sep 2024

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2024 is -16.80% vs 5.98% in Sep 2024

All Quarterly Resultsstock-summary
Half Yearly Results Snapshot (Consolidated) - Sep'24stock-summary
Sep'24
Sep'23
Change(%)
Net Sales
780.46
766.82
1.78%
Operating Profit (PBDIT) excl Other Income
150.08
139.97
7.22%
Interest
30.65
18.36
66.94%
Exceptional Items
0.00
0.00
Consolidate Net Profit
62.02
64.45
-3.77%
Operating Profit Margin (Excl OI)
19.52%
18.59%
0.93%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

Growth in half year ended Sep 2024 is 1.78% vs 9.31% in Sep 2023

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2024 is -3.77% vs 5.02% in Sep 2023

All Half Yearly Resultsstock-summary
Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
1,154.55
1,165.57
-0.95%
Operating Profit (PBDIT) excl Other Income
223.21
215.29
3.68%
Interest
46.14
29.30
57.47%
Exceptional Items
0.04
0.00
Consolidate Net Profit
88.57
97.99
-9.61%
Operating Profit Margin (Excl OI)
19.33%
18.47%
0.86%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -0.95% vs 8.57% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -9.61% vs 0.85% in Dec 2023

All Nine Monthly Resultsstock-summary
Annual Results Snapshot (Consolidated) - Mar'24stock-summary
Mar'24
Mar'23
Change(%)
Net Sales
1,563.07
1,461.88
6.92%
Operating Profit (PBDIT) excl Other Income
292.84
272.85
7.33%
Interest
42.56
29.57
43.93%
Exceptional Items
0.00
0.00
Consolidate Net Profit
134.80
127.95
5.35%
Operating Profit Margin (Excl OI)
18.93%
18.85%
0.08%
Values in Rs Cr.
stock-summary Compare with Peers
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2024 is 6.92% vs 30.18% in Mar 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2024 is 5.35% vs 15.27% in Mar 2023

All Annual Resultsstock-summary
stock-summaryCompany CV
About MM Forgings Ltd. stock-summary
stock-summary
MM Forgings Ltd.
Small Cap
Castings/Forgings
MM Forgings Limited (Formerly known Madras Motors Private Limited) was incorporated in 1946. The Company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The company changed to its present name, M M Forgings on 1 Apr.'93. It was promoted by S E Krishnan and S R Subramanian. The Company is engaged in the manufacture of Steel Forgings.
Company Coordinates stock-summary
Company Details
SVK Tower A/24/25 Guindy, Thiru Vi Ka Industrial Estate Chennai Tamil Nadu : 600032
stock-summary
Tel: 91-44-71601000
stock-summary
http://www.mmforgings.com
stock-summary
mmforge@mmforgings.com
Registrar Details
Cameo Corporate Services Ltd , Subramanian Buildings No 1 , Club House Road, Chennai
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