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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

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy
Comparison
Company
Score
Quality
Valuation
Financial
Technical
Synergy Green
Ramkrishna Forg.
Uni Abex Alloy
Sona BLW Precis.
Bharat Forge
Electrost.Cast.
CIE Automotive
MM Forgings
Nelcast
Amic Forging
Captain Techno.
Why is MM Forgings Ltd. ?
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
  • INTEREST(9M) At Rs 46.14 cr has Grown at 40.03 %
  • OPERATING PROFIT TO INTEREST(Q) Lowest at 4.72 times
  • PAT(Q) At Rs 26.52 cr has Fallen at -19.8 %
3
Stock is technically in a Bearish range
  • The technical trend has deteriorated from Mildly Bearish on 03-Feb-25 and has generated -21.25% returns since then
  • Multiple factors for the stock are Bearish like MACD, Bollinger Band and KST
4
Consistent Underperformance against the benchmark over the last 3 years
  • Along with generating -25.79% returns in the last 1 year, the stock has also underperformed BSE 500 in each of the last 3 annual periods
stock-recommendationReal-Time Research Report
Verdict Report
How much should you sell?
  1. All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Castings/Forgings)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is MM Forgings for you?

High Risk, Low Return

Absolute
Risk Adjusted
Volatility
MM Forgings
-25.94%
-0.56
45.67%
SENSEX
0.45%
0.03
14.48%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors
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%
stock-recommendationValuation
Valuation Scorecard stock-summary
stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary
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%
Loading Valuation Snapshot...
stock-recommendationTechnicals
Technical 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-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend
Financial Trend Scorecard stock-summary
stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

1What is working for the Company
NO KEY POSITIVE TRIGGERS
-17What is not working for the Company
INTEREST(9M)

At Rs 46.14 cr has Grown at 40.03 %

OPERATING PROFIT TO INTEREST(Q)

Lowest at 4.72 times

PAT(Q)

At Rs 26.52 cr has Fallen at -19.8 %

NET SALES(Q)

At Rs 374.09 cr has Fallen at -5.1 %

PBT LESS OI(Q)

Lowest at Rs 34.99 cr.

EPS(Q)

Lowest at Rs 5.50

Loading Valuation Snapshot...
Here's what is not working for MM Forgings
Operating Profit to Interest - Quarterly
Lowest at 4.72 times and Fallen
each quarter in the last five quarters
MOJO Watch
The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Interest - Nine Monthly
At Rs 46.14 cr has Grown at 40.03 %
over preceding nine months period
MOJO Watch
Rising interest cost signifies increased borrowings

Interest Paid (Rs cr)

Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 34.99 cr has Fallen at -13.5 %
over average PBT of the previous four quarters of Rs 40.46 Cr
MOJO Watch
Near term PBT trend is very negative

PBT less Other Income (Rs Cr)

Profit After Tax (PAT) - Quarterly
At Rs 26.52 cr has Fallen at -19.8 %
over average PAT of the previous four quarters of Rs 33.09 Cr
MOJO Watch
Near term PAT trend is very negative

PAT (Rs Cr)

Net Sales - Quarterly
Lowest at Rs 374.09 cr
in the last five quarters
MOJO Watch
Near term sales trend is negative

Net Sales (Rs Cr)

Net Sales - Quarterly
At Rs 374.09 cr has Fallen at -5.1 %
over average Net Sales of the previous four quarters of Rs 394.18 Cr
MOJO Watch
Near term sales trend is negative

Net Sales (Rs Cr)

Profit Before Tax less Other Income (PBT) - Quarterly
Lowest at Rs 34.99 cr.
in the last five quarters
MOJO Watch
Near term PBT trend is negative

PBT less Other Income (Rs Cr)

Earnings per Share (EPS) - Quarterly
Lowest at Rs 5.50
in the last five quarters
MOJO Watch
Declining profitability; company has created lower earnings for shareholders

EPS (Rs)

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