Mm Forgings Limited, Fundamental analysis

Industry Industry name	Castings, Forgings & Fastners
Variance Full Year Net Profit Variance	-20
Equity Latest Equity	48.28
Face Value Latest Face Value	10
Reserves Total Reserve	926.94
Dividend Full Year Dividend %	40
Sales Turnover Full Year Net Sales	1589.87
Net Profit Full Year Net Profit	98
Full Year CPS Full Year Cash Per Share	41.7
Earning Per Share Full Year Earning Per Share	20.3
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Mar 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	429.02
Previous EPS Previous earnings per share	0
Book Value Book value	202
Networth Full Year Return on Networth	10.01
Price/Book Value Price to Book value	2.737624
Yearly PE ratio Full Year Price to Earning per share	27.2
Yearly PC ratio Full Year Price to Cash Per Share	13.3
Bse value BSE Value in lakhs	14.68
Nse value NSE Value in lakhs	381.05
High 52 week high	563
Low 52 week low	276
Price NSE Current market price	552
CPM Current market price	553

Market cap BSE / NSE Market Cap	2669.49
Net profit Latest Quarter Net Profit	44.79
Net profit variance Latest Quarter Net Profit variance	35
Result year Trailing latest month	Mar 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	1563
TTM OP Trailing Twelve 12 month Operating Profit	-25.08
TTM OPM Trailing Twelve 12 month Operating Profit Margin	-1.6
TTM GP Trailing Twelve 12 month Gross Profit	217.94
TTM GPM Trailing Twelve 12 month Gross Profit Margin	13.71
TTM NP Trailing Twelve 12 month Net Profit	131.64
TTM NPV Trailing Twelve 12 month Net Profit Variane	-20.43
TTM EPS Trailing Twelve 12 month EPS	20.3
TTM PE Trailing Twelve 12 month PE	27.24
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	86.27
Equity Latest Equity	48.28
LTP Latest Price (BSE/NSE)	553
Gross block Latest Gross Block	2154.91
Loans Total loans	111.76
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	17.6
Year GPM Full Year Gross Profit Margin	13.7
Quarter OPM Latest quater Operation Profit Margin	18.8

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
+ Sales	378	391	372	370	354	378	412	429
YOY Sales Growth %	4%	1%	-6%	-7%	-6%	-3%	11%	16%
Gross Sales	378	391	372	370	354	378	412	429
Other Operating Income	4	8	2	1	7	7	1	1
+ Expenses	305	314	299	297	291	311	343	348
Material Cost %	51%	57%	36%	30%	45%	41%	33%	26%
Raw Material Cost	182	192	146	141	162	159	164	153
Change in Inventory	10	30	-12	-29	-4	-2	-30	-40
Manufacturing Cost %	26%	30%	27%	24%	26%	29%	25%	26%
Employee Cost %	10%	11%	11%	11%	11%	12%	11%	10%
Other Cost %	-6%	-17%	6%	15%	0%	-1%	14%	18%
Raw Materials %	48%	49%	39%	38%	46%	42%	40%	36%
Stock Adjustments %	-3%	-8%	3%	8%	1%	0%	7%	9%
Power & Fuel %	9%	10%	9%	9%	10%	10%	9%	9%
Other Manufacturing Expenses %	17%	20%	19%	15%	16%	20%	16%	17%
Operating Profit	73	77	73	73	63	67	69	81
OPM %	19%	20%	20%	20%	18%	18%	17%	19%
+ Other Income	6	7	4	6	8	4	3	1
Miscellaneous Income	6	7	4	6	8	4	3	1
Exceptional Income	0	0	0	0	0	0	1	0
Interest	15	16	15	14	18	21	20	18
Depreciation	22	23	23	26	25	24	26	28
Profit before tax	42	45	39	40	28	25	26	35
+ Tax %	29%	29%	31%	17%	31%	34%	33%	-26%
Current Tax	10	11	10	4	8	8	8	0
Deferred Tax	2	2	2	3	1	1	1	-10
+ Net Profit	30	32	27	33	19	17	18	45
Extraordinary Income / Expense	0	0	0	0	0	0	1	0
Net Profit After Minority Interest	30	32	27	33	19	17	18	45
EPS in Rs	12.47	6.61	5.50	6.90	3.97	3.43	3.64	9.27

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Sales	478	639	934	769	752	1,140	1,462	1,563	1,525	1,590
Sales Growth %		33%	46%	-18%	-2%	52%	28%	7%	-2%	4%
Gross Sales	460	601	929	748	733	1,124	1,448	1,547	1,511	1,573
Other Operating Income	18	20	19	16	13	17	14	16	14	17
+ Expenses	386	514	753	636	624	932	1,189	1,270	1,229	1,310
Material Cost %	42%	41%	45%	46%	46%	44%	47%	46%	43%	45%
Raw Material Cost	191	287	455	337	328	525	744	778	661	638
Change in Inventory	11	-26	-33	18	16	-21	-60	-60	1	75
Manufacturing Cost %	19%	20%	19%	19%	19%	18%	18%	19%	19%	19%
Employee Cost %	10%	9%	9%	11%	11%	10%	8%	8%	9%	10%
Other Cost %	10%	11%	8%	7%	8%	10%	8%	8%	9%	8%
Raw Materials %	40%	45%	49%	44%	44%	46%	51%	50%	43%	40%
Stock Adjustments %	-2%	4%	4%	-2%	-2%	2%	4%	4%	-0%	-5%
Power & Fuel %	9%	9%	9%	10%	10%	8%	9%	9%	9%	9%
Other Manufacturing Expenses %	9%	11%	10%	9%	9%	9%	10%	10%	10%	10%
Selling & Administration %	7%	7%	6%	5%	6%	8%	6%	6%	7%	6%
Miscellaneous Expenses %	3%	4%	4%	2%	2%	2%	2%	2%	2%	2%
Operating Profit	93	124	181	134	128	208	273	293	296	279
OPM %	19%	19%	19%	17%	17%	18%	19%	19%	19%	18%
+ Other Income	11	12	16	19	20	16	12	22	23	16
Miscellaneous Income	11	12	17	18	20	16	12	22	23	16
Exceptional Income	0	0	0	0	2	1	0	1	0	1
Interest	10	13	32	38	32	28	30	42	60	78
Depreciation	39	46	58	60	65	68	79	83	93	103
Profit before tax	55	82	101	56	53	129	177	189	166	114
+ Tax %	21%	17%	27%	20%	11%	29%	28%	29%	26%	14%
Current Tax	9	17	22	0	7	27	46	48	35	23
Deferred Tax	3	-3	5	11	-2	11	3	6	7	-7
+ Net Profit	43	69	77	44	45	87	128	135	122	98
Profit Growth %		58%	12%	-42%	1%	96%	46%	5%	-10%	-20%
Extraordinary Income / Expense	0	0	0	0	2	1	0	1	0	1
Exceptional Item	0	0	0	0	1	1	0	0	0	0
Net Profit After Minority Interest	0	61	66	42	46	91	128	135	123	99
EPS in Rs		50.20	27.13	17.37	19.08	37.69	53.00	55.94	25.52	20.44

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	24	24	24	24	24	24	48	48
Reserves	303	351	403	431	463	535	649	765	845	927
+ Borrowings	224	385	688	566	532	685	756	931	1,185	1,235
Secured Borrowings	224	385	669	563	510	659	705	886	1,119	1,124
Unsecured Borrowings	0	0	19	3	22	26	51	45	67	112
+ Other Liabilities	51	90	103	113	230	170	232	249	271	286
Current Liabilities	47	87	84	110	227	163	227	237	250	273
Provisions	1	7	7	0	15	24	28	38	32	34
Minority Interest	0	0	0	0	0	0	0	0	0	0
Other liability items	3	3	19	3	3	7	4	12	21	12
Total Liabilities	589	838	1,218	1,134	1,250	1,414	1,661	1,969	2,350	2,496
+ Fixed Assets	320	406	651	712	675	708	804	914	964	1,101
Gross Block	668	829	1,132	1,253	1,316	1,407	1,581	1,772	1,916	2,155
Accumulated Depreciation	348	423	481	540	640	699	777	858	951	1,054
CWIP	14	27	39	13	17	36	63	124	383	335
Investments	0	3	3	3	3	22	22	23	4	10
+ Other Assets	255	402	524	406	553	647	772	908	998	1,051
Inventories	66	127	195	136	179	204	306	345	342	334
Trade receivables	17	63	90	21	116	157	197	276	353	419
Cash Equivalents	134	164	172	176	188	227	219	210	218	225
Loans n Advances	21	31	43	26	29	32	19	36	32	42
Other asset items	17	18	24	47	42	29	31	41	53	31
Total Assets	589	838	1,218	1,134	1,250	1,414	1,661	1,969	2,350	2,496

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
+ Cash from Operating Activity	107	4	27	283	20	150	160	149	182	228
Profit from Operations		122	180	135	132	214	276	299	300	284
Working Capital Changes		-99	-128	157	-107	-37	-74	-118	-60	-39
Profit Before Tax & Extraordinary Items	55	74	106	53	52	129	177	190	166	115
Depreciation	39	46	58	60	65	68	79	83	93	103
Interest (Net)	10	12	24	33	32	27	29	43	58	77
Dividend Received	-11	-11	-8	-11	-14	-8	-8	-15	-17	-11
Profit / Loss on Sale of Assets	0	0	0	0	-2	-1	0	-1	0	-1
Receivables	-2	-42	-28	70	-102	-37	-12	-29	-22	-71
Inventories	7	-58	-68	61	-43	-24	-102	-39	3	8
Trade Payables	-1	35	-8	21	29	11	32	-67	-42	34
Loans & Advances	7	-3	-52	16	-1	1	-13	-11	-29	-43
Direct Taxes Paid	-13	-19	-26	-9	-5	-27	-42	-32	-59	-17
+ Cash from Investing Activity	-69	-86	-301	-78	-11	-126	-187	-232	-358	-182
Purchase of Fixed Assets	-81	-103	-315	-97	-32	-113	-201	-254	-403	-190
Sale of Fixed Assets	0	9	0	3	3	2	1	3	0	2
Purchase of Investments	0	-4	-1	0	0	-28	0	-1	0	-6
Sale of Investments	0	0	0	0	0	0	0	0	19	0
Interest Received	0	1	8	6	4	5	5	4	8	1
Dividend Received	11	11	8	11	14	8	8	15	17	11
+ Cash from Financing Activity	-25	112	281	-202	3	14	16	77	185	-38
Proceeds from Issue of Shares	0	0	0	0	0	0	0	0	24	0
Proceeds from Other Long-Term Borrowings	10	45	327	0	12	146	81	158	370	194
Proceeds from Short-Term Borrowings	0	0	0	0	79	10	76	101	0	7
Repayment of Long-Term Borrowings	0	0	0	-142	-57	-96	-93	-120	-123	-143
Repayment of Short-Term Borrowings	0	0	0	0	0	0	0	0	0	-1
Dividend Paid	-7	-8	-13	-20	0	-12	-14	-14	-19	-19
Interest Paid		-13	-32	-38	-36	-32	-34	-47	-67	-78
Others	-18	89	-1	-1	6	-2	0	0	0	2
Net Cash Flow	13	30	8	3	12	39	-10	-6	8	8