MM FORGINGS LTD (MMFL) financials

MM FORGINGS LTD (MMFL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

M M Forgings Limited is engaged in the business of manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels.[1]

Market Cap: ₹2,550Cr.
Current Price: ₹528
Stock P/E: 20.1
ROE: 11.5%
ROCE: 9.47%
Book Value: ₹214
Dividend Yield: 0.76%
52W High / Low: ₹690/276

In Jun 2026, MM FORGINGS LTD (MMFL) reported sales ₹420 Cr and net profit ₹35 Cr.

Annual TTM: sales ₹1,616 Cr, net profit ₹127 Cr.

Shareholding: Promoters 56.33% (Sep 2026), FIIs 3.10% (Sep 2026), DIIs 7.41% (Sep 2026), Public 33.15% (Sep 2026), No. of Shareholders 27,945% (Sep 2026).

MMFL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	389	364	355	349	378	405	413	420
Expenses	313	291	282	286	315	334	335	345
Operating Profit	77	73	72	63	63	72	78	75
OPM %	20%	20%	20%	18%	17%	18%	19%	18%
Other Income	8	6	8	9	7	5	4	7
Interest	16	15	15	18	21	20	18	16
Depreciation	20	20	23	22	22	22	25	30
Profit before tax	49	44	43	31	26	34	39	36
Tax %	27%	27%	16%	28%	32%	25%	-24%	2%
Net Profit	36	32	36	22	18	26	48	35
EPS in Rs	7.44	6.57	7.50	4.63	3.67	5.33	9.96	7.33
Raw PDF	—	—	—	—	—	—	—	—

MMFL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	727	726	1,105	1,413	1,527	1,477	1,545	1,616
Expenses	602	604	903	1,154	1,239	1,183	1,270	1,328
Operating Profit	125	121	202	258	288	294	275	288
OPM %	17%	17%	18%	18%	19%	20%	18%	18%
Other Income	19	22	19	16	26	30	25	23
Interest	33	31	27	30	43	61	78	76
Depreciation	53	57	60	69	72	82	92	99
Profit before tax	57	55	133	176	199	180	130	135
Tax %	19%	15%	31%	28%	27%	24%	12%	—
Net Profit	46	47	92	126	145	136	114	127
EPS in Rs	9.57	9.65	19.00	26.17	30.12	28.23	23.58	26.29
Dividend Payout %	26%	26%	16%	11%	13%	14%	17%	—

MMFL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24	24	24	24	24	24	48	48
Reserves	412	444	476	554	666	792	886	983
Borrowings	688	566	532	680	756	925	1,184	1,235
Other Liabilities	93	105	230	181	227	254	266	282
Total Liabilities	1,217	1,140	1,263	1,439	1,673	1,996	2,384	2,549
Fixed Assets	588	653	618	650	719	818	861	1,004
CWIP	39	9	17	36	61	112	361	299
Investments	5	5	5	33	41	41	22	28
Other Assets	585	473	623	720	853	1,025	1,140	1,217
Total Assets	1,217	1,140	1,263	1,439	1,673	1,996	2,384	2,549

MMFL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	33	273	10	147	116	145	189	240
Cash from Investing Activity	-275	-71	-12	-126	-160	-201	-330	-157
Cash from Financing Activity	249	-199	14	17	21	63	149	-77
Net Cash Flow	8	2	13	38	-23	6	8	6
Free Cash Flow	-257	185	-20	36	-40	-76	-185	69
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	33%	226%	13%	86%	61%	61%	84%	93%

MMFL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%	56.33%
FIIs	3.75%	3.09%	1.79%	1.76%	1.74%	1.85%	2.44%	3.10%
DIIs	9.85%	8.92%	8.33%	8.31%	8.55%	8.38%	7.49%	7.41%
Public	30.06%	31.65%	33.54%	33.59%	33.38%	33.44%	33.73%	33.15%
No. of Shareholders	33,878	34,349	35,742	35,811	34,244	30,828	29,930	27,945

MMFL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	32	6	61	55	59	76	95	100
Inventory Days	167	143	177	139	157	165	182	163
Days Payable	43	78	103	83	87	83	93	100
Cash Conversion Cycle	157	71	135	112	129	157	183	163
Working Capital Days	-16	-69	-57	-28	-21	-19	-15	-25
ROCE %	14%	8%	8%	14%	15%	15%	12%	9%

MMFLUpdated 18 Oct 2026, 3:51

Mm Forgings Ltd

MMFLUpdated 18 Oct 2026, 3:51

Market Cap

₹2,550Cr.

Current Price

₹528

High / Low

₹690/276

Stock P/E

20.1

ROE11.5%

ROCE9.47%

Book Value₹214

Face Value₹10.0

Dividend Yield0.76%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	366	10	303	6	18	41	27	30	6.21
Sep 2023	384	9	312	5	18	51	28	37	7.58
Dec 2023	388	11	313	7	19	53	29	37	7.71
Mar 2024	389	13	313	7	18	52	26	38	7.88
Jun 2024	369	15	297	7	19	44	27	32	6.71
Sep 2024	389	16	313	8	20	49	27	36	7.44
Dec 2024	364	15	291	6	20	44	27	32	6.57
Mar 2025	355	15	282	8	23	43	16	36	7.5
Jun 2025	349	18	286	9	22	31	28	22	4.63
Sep 2025	378	21	315	7	22	26	32	18	3.67
Dec 2025	405	20	334	5	22	34	25	26	5.33
Mar 2026	413	18	335	4	25	39	-24	48	9.96
Jun 2026	420	16	345	7	30	36	2	35	7.33

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	503	9	392	2	35	69	26	51	10.49
Mar 2016	502	8	394	5	36	69	28	50	10.39
Mar 2017	478	10	386	11	39	55	21	43	9.01
Mar 2018	621	13	496	12	42	82	17	69	14.21
Mar 2019	904	26	731	16	54	109	25	81	16.84
Mar 2020	727	33	602	19	53	57	19	46	9.57
Mar 2021	726	31	604	22	57	55	15	47	9.65
Mar 2022	1105	27	903	19	60	133	31	92	19
Mar 2023	1413	30	1154	16	69	176	28	126	26.17
Mar 2024	1527	43	1239	26	72	199	27	145	30.12
Mar 2025	1477	61	1183	30	82	180	24	136	28.23
Mar 2026	1545	78	1270	25	92	130	12	114	23.58
TTM	1616	76	1328	23	99	135	—	127	26.29

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	56.33%
FIIs	3.1%
DIIs	7.41%
Public	33.15%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	56.33%	1.93%	14.47%	27.27%
Mar 2024	56.33%	2.28%	11.83%	29.56%
Jun 2024	56.33%	2.85%	10.72%	30.1%
Sep 2024	56.33%	3.41%	10.5%	29.75%
Dec 2024	56.33%	3.75%	9.85%	30.06%
Mar 2025	56.33%	3.09%	8.92%	31.65%
Jun 2025	56.33%	1.79%	8.33%	33.54%
Sep 2025	56.33%	1.76%	8.31%	33.59%
Dec 2025	56.33%	1.74%	8.55%	33.38%
Mar 2026	56.33%	1.85%	8.38%	33.44%
Jun 2026	56.33%	2.44%	7.49%	33.73%
Sep 2026	56.33%	3.1%	7.41%	33.15%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	12	226	190	45	473	225	11	0	237	473
Mar 2016	12	268	214	45	538	262	30	0	245	538
Mar 2017	12	303	224	51	589	320	14	0	255	589
Mar 2018	12	357	381	86	836	365	27	4	440	836
Mar 2019	24	412	688	93	1217	588	39	5	585	1217
Mar 2020	24	444	566	105	1140	653	9	5	473	1140
Mar 2021	24	476	532	230	1263	618	17	5	623	1263
Mar 2022	24	554	680	181	1439	650	36	33	720	1439
Mar 2023	24	666	756	227	1673	719	61	41	853	1673
Mar 2024	24	792	925	254	1996	818	112	41	1025	1996
Mar 2025	48	886	1184	266	2384	861	361	22	1140	2384
Mar 2026	48	983	1235	282	2549	1004	299	28	1217	2549

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	106	-63	21	64
Mar 2016	123	-86	-5	32
Mar 2017	107	-69	-25	13
Mar 2018	-14	-93	137	30
Mar 2019	33	-275	249	8
Mar 2020	273	-71	-199	2
Mar 2021	10	-12	14	13
Mar 2022	147	-126	17	38
Mar 2023	116	-160	21	-23
Mar 2024	145	-201	63	6
Mar 2025	189	-330	149	8
Mar 2026	240	-157	-77	6

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	21	11	13	33	32	6	61	55	59	76	95	100
Inventory Days	139	128	119	177	167	143	177	139	157	165	182	163
Days Payable	48	52	52	87	43	78	103	83	87	83	93	100
Cash Conversion Cycle	111	87	80	123	157	71	135	112	129	157	183	163
Working Capital Days	-8	-22	-32	-41	-16	-69	-57	-28	-21	-19	-15	-25
ROCE %	20%	17%	13%	15%	14%	8%	8%	14%	15%	15%	12%	9%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MM FORGINGS LTD (MMFL)?

The reported market capitalisation for MM FORGINGS LTD (MMFL) is ₹2,550Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MMFL?

The current price shown for MM FORGINGS LTD (MMFL) on Fincrux is ₹528 with a 52-week high/low of ₹690/276.

What is the P/E ratio of MM FORGINGS LTD (MMFL)?

The stock P/E for MM FORGINGS LTD (MMFL) is 20.1 on Fincrux, with ROE at 11.5% and ROCE at 9.47%.

What were MMFL latest quarterly results?

For Jun 2026, MM FORGINGS LTD (MMFL) reported sales ₹420 Cr and net profit ₹35 Cr (figures in ₹ crore unless noted).

What are MMFL annual sales and net profit?

For TTM, MM FORGINGS LTD (MMFL) shows sales of ₹1,616 Cr and net profit of ₹127 Cr on the Fincrux profit & loss statement.

Who owns MM FORGINGS LTD (MMFL)?

Latest shareholding for MM FORGINGS LTD (MMFL) on Fincrux: Promoters 56.33% (Sep 2026), FIIs 3.10% (Sep 2026), DIIs 7.41% (Sep 2026), Public 33.15% (Sep 2026), No. of Shareholders 27,945% (Sep 2026).

Where can I find MM FORGINGS LTD (MMFL) financials?

MM FORGINGS LTD (MMFL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MMFL balance sheet and cash flow?

Yes. The MM FORGINGS LTD (MMFL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 3:51