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MM Forgings MMFL.NS · INR

Materials · NSE · 🇮🇳 India

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652.40

+3.65%

Close of 9 Nov 2026, in INR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in INR, from our data supplier.

FY2026

Revenue

₹15.90bn

FY2017FY2026

Net income

₹981.2m

FY2017FY2026

Free cash flow

−₹260.9m

FY2017FY2026

Shareholders' equity

₹9.78bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue₹15.90bn₹15.25bn₹15.63bn₹14.62bn₹11.40bn₹7.52bn₹7.69bn₹9.34bn₹6.39bn₹4.78bn
Research and development—₹6.8m₹7.6m₹10.0m₹10.0m₹10.0m₹10.0m₹10.0m——
Operating income₹1.77bn₹2.03bn₹2.10bn₹1.94bn₹1.41bn₹639.8m₹726.2m₹1.22bn₹835.8m₹636.5m
Net income₹981.2m₹1.22bn₹1.35bn₹1.28bn₹910.0m₹460.6m₹419.2m₹788.4m₹606.0m₹434.2m
Diluted earnings per share20.3225.2328.0126.5018.859.718.6816.3312.558.99

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets₹25.24bn₹23.70bn₹19.68bn₹16.64bn₹14.14bn₹12.67bn₹11.34bn₹12.21bn₹8.38bn₹5.89bn
Cash and short-term investments₹2.25bn₹2.18bn₹2.10bn₹2.18bn₹2.26bn₹1.88bn₹1.75bn₹1.72bn₹1.64bn₹1.34bn
Total liabilities₹15.46bn₹14.77bn₹11.79bn₹9.90bn₹8.55bn₹7.80bn₹6.79bn₹7.93bn₹4.75bn₹2.74bn
Debt₹10.74bn₹10.51bn₹9.31bn₹7.56bn₹6.85bn₹6.15bn₹5.66bn₹6.91bn₹3.85bn₹2.24bn
Shareholders' equity₹9.78bn₹8.92bn₹7.89bn₹6.73bn₹5.60bn₹4.87bn₹4.55bn₹4.27bn₹3.63bn₹3.15bn
Shares outstanding48m48m48m48m48m47m48m48m48m48m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations₹1.63bn₹1.82bn₹1.31bn₹1.67bn₹1.51bn₹203.5m₹2.77bn₹326.2m₹42.8m₹1.07bn
Capital spending−₹1.89bn−₹4.03bn−₹2.54bn−₹1.99bn−₹1.13bn−₹318.8m−₹968.4m−₹2.89bn−₹1.03bn−₹805.7m
Free cash flow−₹260.9m−₹2.21bn−₹1.23bn−₹321.5m₹378.8m−₹115.3m₹1.80bn−₹2.57bn−₹983.2m₹266.9m
Dividends paid−₹193.1m−₹193.1m−₹144.8m−₹144.8m−₹120.7m−₹21.1m−₹202.1m−₹131.2m−₹82.2m−₹70.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue₹4.20bn₹4.30bn₹4.14bn₹3.78bn₹3.54bn₹3.71bn₹3.72bn₹3.98bn
Operating income₹450.6m₹530.8m₹431.9m₹423.5m₹382.4m₹473.1m₹504.8m₹539.1m
Net income₹341.7m₹447.9m₹175.7m₹165.7m₹191.9m₹332.7m₹265.1m₹319.1m
Diluted earnings per share7.089.283.643.433.976.895.506.62
Cash from operations———₹406.0m—₹1.82bn—₹405.0m
Capital spending———−₹880.0m—−₹4.03bn—−₹2.45bn
Free cash flow———−₹474.0m—−₹2.21bn—−₹2.05bn
Total assets—₹25.24bn—₹24.83bn—₹23.70bn—₹22.79bn
Cash and short-term investments₹2.25bn₹2.25bn₹2.33bn₹2.33bn₹2.18bn₹2.18bn₹2.18bn₹2.18bn
Debt—₹10.74bn—₹12.16bn—₹10.51bn—₹10.99bn
Shareholders' equity₹9.76bn₹9.78bn₹9.27bn₹9.27bn₹8.92bn₹8.92bn₹8.52bn₹8.52bn

Financial ratios

Data as of 25 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin11.1%13.3%13.4%13.3%12.4%8.5%—
Net margin6.2%8.0%8.6%8.8%8.0%6.1%—
Return on equity10.0%13.7%17.1%19.0%16.3%9.5%—
Return on assets3.9%5.1%6.9%7.7%6.4%3.6%—
Free cash flow yield11.9%19.6%13.0%12.3%8.9%1.8%—
Revenue growth4.2%-2.4%6.9%28.3%51.5%-2.2%—
Earnings growth-19.4%-9.8%5.5%40.6%97.6%9.9%—
Current ratio1.18x1.22x1.17x1.19x1.32x1.18x—
Debt to equity1.10x1.18x1.17x1.13x1.22x1.26x—
Equity ratio38.7%37.6%40.1%40.5%39.6%38.4%—
Interest coverage2.26x3.39x4.96x6.56x5.08x1.99x—
R&D as a share of sales—0.0%0.0%0.1%0.1%0.1%0.1%
Buybacks as a share of market value0.0%-0.2%0.2%0.0%-1.8%1.7%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.8%16.1%12.2%
Operating income-3.0%22.6%9.8%
Net income-8.5%16.3%7.0%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin12.2%12.8%12.3%12.3%
Net margin7.1%7.9%7.7%7.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings26.214.516.718.321.737.324.111.825.932.6
Price to sales1.61.21.41.61.72.31.31.02.53.0

Dividends and splits

Per share, in the currency the company pays

Paid for 21 years. Last went ex-dividend on 12 Jun 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2020FY2019
Paid in the year4.004.004.003.003.002.503.752.50
  • 2-for-1 split · 16 Jul 2024
  • 2-for-1 split · 18 Jul 2018
  • 2-for-1 split · 26 Sept 2008
  • 2-for-1 split · 16 Feb 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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