Munish Forge
NSE: MUNISH · Castings & Forgings
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Snapshot
Unlock Munish Forge's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Munish Forge Limited is a manufacturer of forged and cast components, including flanges, scaffolding, auto parts, and defence-related hardware. The company leverages over four decades of industry experience to serve diverse sectors such as defence, oil and gas, automotive, and infrastructure.
Business Model
The company generates revenue through the manufacturing and supply of specialised steel components and forged parts tailored to industrial and defence specifications. It operates as a B2B supplier, catering to both domestic and potentially international demand across multiple heavy-industry verticals.
- Industry Experience:40+ years
Growth Outlook
The company is actively pursuing growth by expanding its footprint into the railway sector. Continued demand from the defence and infrastructure segments remains a primary driver for long-term business development.
Key Risks
- Raw Material Price Volatility. Fluctuations in steel and metal prices can significantly impact the company's operating margins.
- Cyclical Demand. The company's performance is heavily dependent on the capital expenditure cycles of the infrastructure, automotive, and defence sectors.
- Regulatory and Compliance Risk. As a supplier to the defence sector, the company must adhere to stringent quality standards and government procurement policies.
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Peers · Castings & Forgings
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Munish ForgeMUNISH | ₹229 Cr | — | — | — | 12.0% | — | — | — |
Synergy Green Industries LimitedSGIL | ₹1,039 Cr | -107.88 | 31.09 | -2.5% | 11.6% | -8.1% | 6.9% | +13.9% |
Tirupati ForgeTIRUPATIFL | ₹1,012 Cr | 153.39 | 52.71 | — | 11.7% | 5.1% | 8.1% | +110.2% |
NelcastNELCAST | ₹931 Cr | 25.59 | 9.83 | 4.2% | 8.4% | 7.1% | 12.5% | -5.9% |
Neetu YoshiNEETUYOSHI | ₹865 Cr | — | — | — | 31.0% | — | — | +87.6% |
Magna Electro Castings Ltd.MAGNAELQ | ₹601 Cr | 35.40 | 18.75 | 8.7% | 16.5% | 11.3% | 15.0% | +39.8% |
As of Mar 2026
Financials
Munish Forge
NSE: MUNISH · Castings & Forgings
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Munish Forge's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Munish Forge Limited is a manufacturer of forged and cast components, including flanges, scaffolding, auto parts, and defence-related hardware. The company leverages over four decades of industry experience to serve diverse sectors such as defence, oil and gas, automotive, and infrastructure.
Business Model
The company generates revenue through the manufacturing and supply of specialised steel components and forged parts tailored to industrial and defence specifications. It operates as a B2B supplier, catering to both domestic and potentially international demand across multiple heavy-industry verticals.
- Industry Experience:40+ years
Growth Outlook
The company is actively pursuing growth by expanding its footprint into the railway sector. Continued demand from the defence and infrastructure segments remains a primary driver for long-term business development.
Key Risks
- Raw Material Price Volatility. Fluctuations in steel and metal prices can significantly impact the company's operating margins.
- Cyclical Demand. The company's performance is heavily dependent on the capital expenditure cycles of the infrastructure, automotive, and defence sectors.
- Regulatory and Compliance Risk. As a supplier to the defence sector, the company must adhere to stringent quality standards and government procurement policies.
Start your research today
Unlock AI insights, financials, peers and live data on Munish Forge and 5,000+ companies — free.
Peers · Castings & Forgings
As of Mar 2026