M M Forgings
NSE: MMFL · Auto Components & Equipments
Snapshot
Unlock M M Forgings's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
M M Forgings Limited is an Indian manufacturer specialising in the design and production of steel forgings for the automotive and industrial sectors. Its product portfolio includes critical components such as axle beams, crankshafts, and steering knuckles for passenger cars, commercial vehicles, and agricultural machinery.
Business Model
The company generates revenue through the manufacturing and sale of closed die steel forgings, serving original equipment manufacturers across diverse vehicle segments. It leverages long-standing industrial expertise to supply high-precision components for both domestic and international markets.
Growth Outlook
Growth is primarily driven by the expansion of the automotive sector and increasing demand for high-pressure valves and off-highway vehicle components. The company continues to focus on maintaining its market position through technical specialisation in forging processes.
Key Risks
- Cyclicality of Automotive Industry. The company's performance is highly sensitive to fluctuations in the automotive sector, which is prone to economic cycles.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact manufacturing margins.
- Technological Disruption. The transition towards electric vehicles may reduce the demand for traditional internal combustion engine forging components.
- Export Market Dependency. Exposure to international markets introduces risks related to currency fluctuations and global trade policy changes.
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Key Metrics
REVENUE
₹1,638 Cr
TTM · consolidated
NET PROFIT
₹169 Cr
TTM · consolidated
EPS
₹35.07
TTM · consolidated
RETURN ON EQUITY
18.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.9%
TTM · consolidated
P/E
18.0x
Q1 FY27 · consolidated
EV/EBITDA
12.7x
Q1 FY27 · consolidated
EBITDA MARGIN
18.7%
TTM · consolidated
NET PROFIT MARGIN
22.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
1.1x
Q1 FY27 · consolidated
Peers · Auto Components & Equipments
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
M M ForgingsMMFL | ₹3,042 Cr | 17.97 | 12.73 | 8.9% | 18.7% | 18.1% | 15.9% | +98.6% |
JTEKT India LimitedJTEKTINDIA | ₹3,364 Cr | 46.29 | 16.08 | 16.8% | 8.1% | 7.0% | 9.7% | -15.5% |
Carraro India Ltd.CARRARO | ₹3,034 Cr | 22.83 | 12.31 | — | 10.9% | 26.0% | 27.9% | +21.0% |
Sundaram ClaytonSUNCLAY | ₹2,876 Cr | 11.47 | 33.53 | -3.9% | 5.8% | 22.1% | 20.6% | -22.4% |
Federal-Mogul Goetze (India) Limited.FMGOETZE | ₹2,790 Cr | 16.33 | 5.54 | 8.8% | 17.7% | 13.2% | 17.1% | -10.6% |
India Nippon Electricals LimitedINDNIPPON | ₹2,620 Cr | 22.78 | 16.92 | 30.0% | 13.5% | 15.0% | 18.5% | +34.7% |
As of Q1 FY27
Financials
M M Forgings
NSE: MMFL · Auto Components & Equipments
Snapshot
Unlock M M Forgings's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
M M Forgings Limited is an Indian manufacturer specialising in the design and production of steel forgings for the automotive and industrial sectors. Its product portfolio includes critical components such as axle beams, crankshafts, and steering knuckles for passenger cars, commercial vehicles, and agricultural machinery.
Business Model
The company generates revenue through the manufacturing and sale of closed die steel forgings, serving original equipment manufacturers across diverse vehicle segments. It leverages long-standing industrial expertise to supply high-precision components for both domestic and international markets.
Growth Outlook
Growth is primarily driven by the expansion of the automotive sector and increasing demand for high-pressure valves and off-highway vehicle components. The company continues to focus on maintaining its market position through technical specialisation in forging processes.
Key Risks
- Cyclicality of Automotive Industry. The company's performance is highly sensitive to fluctuations in the automotive sector, which is prone to economic cycles.
- Raw Material Price Volatility. Fluctuations in the prices of steel and other raw materials can significantly impact manufacturing margins.
- Technological Disruption. The transition towards electric vehicles may reduce the demand for traditional internal combustion engine forging components.
- Export Market Dependency. Exposure to international markets introduces risks related to currency fluctuations and global trade policy changes.
Start your research today
Unlock AI insights, financials, peers and live data on M M Forgings and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,638 Cr
TTM · consolidated
NET PROFIT
₹169 Cr
TTM · consolidated
EPS
₹35.07
TTM · consolidated
RETURN ON EQUITY
18.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
15.9%
TTM · consolidated
P/E
18.0x
Q1 FY27 · consolidated
EV/EBITDA
12.7x
Q1 FY27 · consolidated
EBITDA MARGIN
18.7%
TTM · consolidated
NET PROFIT MARGIN
22.1%
Q1 FY27 · consolidated
DEBT TO EQUITY
1.1x
Q1 FY27 · consolidated
Peers · Auto Components & Equipments
As of Q1 FY27