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Bearish
3
Neutral
2
Bullish
9
Bearish
30
Neutral
7
Bullish
9
Bearish
27
Neutral
5
Bullish
0
Discovery themes featuring this stock
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.
Aerospace & Defense
Aerospace & Defense
146 Cr
High Risk
14.5
44.6
0.1
1.2
143.00
50.20
Sales CAGR
Profit CAGR
ROE
ROCE
Discovery themes featuring this stock
Munish Forge Ltd (MUNISH) is currently trading at 60.80 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 ₹50.20 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 146.35. 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 14.53 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 146.35 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 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 Munish Forge Ltd is 14.53. 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.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
285.90 | 729 Cr | 43.37 | 4.72 | 0.87 | 10.87 | 14.07 | 9.62 | ||
408.50 | 707 Cr | 11.63 | 2.79 | 0.00 | 19.37 | 24.03 | 15.52 | ||
283.25 | 341 Cr | 46.38 | 7.37 | 0.00 | 15.36 | 19.91 | 11.65 | ||
113.00 | 330 Cr | 32.51 | 3.03 | 0.00 | 9.65 | 13.52 | 7.42 | ||
142.40 | 235 Cr | 84.93 | 4.47 | 0.00 | 5.26 | 7.85 | 2.73 | ||
60.80 | 146 Cr | 14.53 | 1.16 | 0.00 | 7.97 | 10.20 | 5.03 | ||
| Median: 6 Co. | — | 212.82 | 335 Cr | 37.94 | 3.75 | 0.00 | 10.26 | 13.79 | 8.52 |
Encumbrance Declaration
Promoters and promoter group of Munish Forge Ltd declare under Regulation 31(4) of SEBI (SAST) that they and persons acting in concert have not created any encumbrance on shares held by them during FY 2025-26; promoter names listed.
Purchase Orders
Munish Forge informed the exchange on 3 June 2026 that it secured purchase orders from Munitions India Ltd (Bomb shells) worth Rs.76,844,432 and Armoured Vehicles Nigam Ltd (tracks) worth Rs.60,321,523.50, plus a US export order for machined forgings worth $3.90M.
