Financial Results
M M Forgings Reports Q2 FY27 Results
M M Forgings approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the statutory auditor’s limited review report.
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Auto Components
Auto Components & Equipments
3,044 Cr
High Risk
22.0
36.0
10.3
2.7
690.10
296.10
Sales CAGR
Profit CAGR
ROE
ROCE
M M Forgings Ltd (MMFL) is currently trading at 669.65 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
MM Forgings Limited manufactures steel forgings and precision machined components for commercial vehicles, agriculture, off-highway and other industrial applications, operating multiple forging plants in Tamil Nadu and a machining facility in Uttar Pradesh and serving domestic and export markets including the U.S., Europe and South America with an increasing machining intensity. Q1 FY27 delivered net sales of INR427 crore (up ~16% year-on-year) with EBITDA of INR82 crore (circa 18% excluding other income); management also realized a one-time net gain from an Oragadam land sale (approx. INR58 crore net of taxes) which materially boosted reported profitability in the quarter. The firm is transitioning its product mix toward higher-margin machined components (machining ~67% of sales in Q1) after substantial machinery investment over the last decade, with cumulative machining investment around INR1,100 crore and INR625 crore deployed in the last five years to capture higher value-add work. Management targets sustained volume-led growth, guiding FY27 turnover to roughly INR1,800–1,900 crore, expects quarterly machining and forging lines to run at near capability, and is planning meaningful automation and digital investments (automation capex to increase to INR30–50 crore this fiscal) to improve productivity and working capital efficiency.
Over the past 52 weeks, M M Forgings Ltd has traded between a low of ₹296.10 and a high of ₹690.10. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
M M Forgings Ltd has a market capitalization of approximately 3,043.91. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
M M Forgings Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 22.01 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 3,043.91 Cr, M M Forgings Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
M M Forgings Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of M M Forgings Ltd is 22.01. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
MM Forgings had Rs 182.76 crore of operating profit before working-capital changes in the half-year ended 30 September 2026. A Rs 160.89 crore working-capital outflow and Rs 15.78 crore of income taxes paid reduced the resulting net operating cash flow to Rs 6.09 crore.
MM Forgings reported standalone revenue from operations of Rs 535.73 crore for the quarter ended September 30, 2026. The figure was 42% higher than Rs 376.76 crore in Q2 FY26 and 31% above Rs 409.11 crore in Q1 FY27.
M M Forgings reported total sales of ₹427.01 crore for the quarter ended 30 June 2026. This was 16% higher than the corresponding quarter of the previous year.
The company reported total sales of ₹427 crore in Q1 FY27, up 16% year-on-year from ₹369 crore in Q1 FY26.