Overview

Detailed Summary

Munish Forge Limited specializes in manufacturing forging and casting components for industries such as defense, oil and gas, and infrastructure. It is a key supplier to the Indian Army, producing critical components like battle tank track chains and bomb shells.
The company has successfully launched an IPO, marking its transition to a public entity and raising capital to support its growth strategies. It expects a revenue of approximately 205 CR for FY 2026, with a focus on increasing profitability through defense products.
Munish has achieved bulk production clearance for its 120mm HE bombshell, reflecting its strong positioning within the defense sector. Despite disruptions due to floods and geopolitical tensions, the company maintains robust profitability and operational resilience.
Strategic capacity expansion includes establishing a casting division, enhancing the company's capability to produce complex components and support its diversification strategy. Developmental orders in the railway sector are expected to become significant revenue contributors in the forthcoming years.

Sector: Castings, Forgings & Fastners
Industry: Forgings - Medium / Small
Market Cap: 172 Cr
Volatility: Moderate Risk
P/E Ratio: 8.2
Industry P/E: 22.9
PEG Ratio: 0.0
P/B Ratio: 1.3
52W High: 143.00
52W Low: 70.00

Sales CAGR

1Y: 9.73%
3Y: 29.53%
5Y: —
10Y: —

Profit CAGR

1Y: 225.74%
3Y: 197.88%
5Y: —
10Y: —

ROE

TTM: —
3Y: 7.03%
5Y: —
10Y: —

ROCE

TTM: —
3Y: 14.08%
5Y: —
10Y: —

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
KALYANIFRG	620.85	226 Cr	39.87	2.46	0.64	8.26	10.09	2.19
MUNISH	71.50	172 Cr	8.22	1.34	0.00	0.00	0.00	4.09
LGBFORGE	6.80	159 Cr	-85.00	8.64	0.00	-3.67	4.58	-3.11
KVFORGE	125.85	138 Cr	19.48	3.17	1.98	15.00	21.40	11.26
PATTECH	106.25	100 Cr	67.25	3.01	0.00	2.94	6.01	1.91
FORGEAUTO	87.40	95 Cr	8.73	1.64	0.00	16.68	18.67	7.13
SAMRATFORG	189.00	95 Cr	23.19	2.44	0.00	9.68	9.84	2.23

Financial Statements

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Consolidated Half Yearly Results (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Sep 2025
Sales	83
Expenses	70
Interest	3.16
Operating Profit	13
OPM %	15.49
Other Income	0.54
Depreciation	1.94
Profit Before Tax	8.22
Tax %	13.50
Net Profit	7.12
EPS in Rs	—

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Sales	160	175
Expenses	148	151
Operating Profit	11	24
OPM %	7.15	13.89
Other Income	1.69	3.19
Interest	4.59	4.84
Depreciation	2.76	3.38
Profit Before Tax	5.77	19
Tax %	23.96	26.02
Net Profit	4.39	14
EPS in Rs	—	—
Dividend Payout %	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Equity Capital	9.64	18
Reserves	31	50
Borrowings	47	61
Other Liabilities	25	33
Total Liabilities	113	162
Fixed Assets	21	37
CWIP	4.93	0.00
Investments	0.12	12
Other Assets	87	113
Total Assets	113	162

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2024	Mar 2025
Cash from Operating Activity	4.30	5.52
Cash from Investing Activity	-4.66	-10
Cash from Financing Activity	-7.65	7.99
Net Cash Flow	-8.01	3.03

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	May 2025	Sep 2025	Oct 2025
Promoters	100.00%	100.00%	68.01%
FIIs	0.00%	0.00%	5.09%
DIIs	0.00%	0.00%	9.23%
Public	0.00%	0.00%	17.67%
Total Shareholders	8	8	1,396

Market Transactions

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Frequently Asked Questions about Munish Forge Ltd

Munish Forge Ltd (MUNISH) is currently trading at 70.00 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.

Munish Forge Limited specializes in manufacturing forging and casting components for industries such as defense, oil and gas, and infrastructure. It is a key supplier to the Indian Army, producing critical components like battle tank track chains and bomb shells. The company has successfully launched an IPO, marking its transition to a public entity and raising capital to support its growth strategies. It expects a revenue of approximately 205 CR for FY 2026, with a focus on increasing profitability through defense products. Munish has achieved bulk production clearance for its 120mm HE bombshell, reflecting its strong positioning within the defense sector. Despite disruptions due to floods and geopolitical tensions, the company maintains robust profitability and operational resilience. Strategic capacity expansion includes establishing a casting division, enhancing the company's capability to produce complex components and support its diversification strategy. Developmental orders in the railway sector are expected to become significant revenue contributors in the forthcoming years.

Over the past 52 weeks, Munish Forge Ltd has traded between a low of ₹70.00 and a high of ₹143.00. 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.

Munish Forge Ltd has a market capitalization of approximately 172.10. 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.

Munish Forge Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 8.22 and operates in the Castings, Forgings & Fastners sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 172.10 Cr, Munish Forge 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.

Munish Forge Ltd operates in the Castings, Forgings & Fastners 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 Munish Forge Ltd is 8.22. 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.

Munish Forge Ltd

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Consolidated Half Yearly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

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Frequently Asked Questions about Munish Forge Ltd

What is Munish Forge Ltd share price today?

What does Munish Forge Ltd do?

What is the 52-week high and low of Munish Forge Ltd?

What is the market capitalization of Munish Forge Ltd?

Should I consider investing in Munish Forge Ltd stock?

Is Munish Forge Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does Munish Forge Ltd belong to and why does it matter?

What is the PE ratio of Munish Forge Ltd?

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