Sharescart Research Club logo ×
Screener Research Unlisted Startup Funding New IPO New

MM Forgings

₹968.5 -3.8 | 0.4%

Market Cap ₹2338 Cr.

Stock P/E 18.4

P/B 3

Current Price ₹968.5

Book Value ₹ 319.3

Face Value 10

52W High ₹1099

Dividend Yield 0.62%

52W Low ₹ 800.1

Overview Inc. Year: 1946Industry: Forgings

MM Forgings Ltd is engaged inside the manufacture of metal forgings. The Company is a producer of automotive components. It manufactures metallic forgings in raw, semi-machined and completely machined stages in various grades of carbon, alloy, micro-alloy and stainless steels in the weight variety of 0.20 kilograms to 60 kilograms. The Company's manufacturing plants are positioned at Singampunari in Pasumpon Muthuramalingam District, Viralimalai in Pudukkottai District and Karainaithangal Village in Kanchipuram District, all in the state of Tamil Nadu. The Company has its Wind Farm at Panakudi Village in Tirunelveli District and at Meenakshipuram in Theni District. Its solar plant is positioned in Bommakkotai, Kalayar Karisalkulam Village. The Company has a battery of forging presses inside the variety of 1,600 lots (T) to 4,000 T. It has a battery of about 10 hammers with capacities starting from 0.75 T to 6 T. It has both friction drop hammers (belt kind) and air hammer.

Read More..

MM Forgings Share Price

New

| |

Volume
Price

Quarterly Price

Show Value Show %

Peer Comparison

MM Forgings Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 273 296 324 344 358 372 388 370 397 399
Other Income 4 3 4 -0 4 4 5 5 4 5
Total Income 277 299 328 344 361 376 393 375 401 404
Total Expenditure 224 239 268 281 291 299 319 305 322 323
Operating Profit 53 60 60 63 71 77 74 71 79 81
Interest 7 8 6 7 7 8 7 10 9 11
Depreciation 17 17 17 18 20 21 21 21 21 21
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 29 35 37 38 43 49 46 40 49 49
Provision for Tax 3 7 29 9 11 13 16 11 14 15
Profit After Tax 27 29 7 28 33 36 31 29 35 33
Adjustments -0 -0 0 -0 0 -0 0 0 0 0
Profit After Adjustments 27 29 7 28 33 36 31 29 35 33
Adjusted Earnings Per Share 11 12 3.1 11.7 13.6 14.8 12.7 12 14.4 13.8

MM Forgings Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 639 934 769 752 1140 1462 1554
Other Income 12 16 19 18 14 12 19
Total Income 651 950 788 770 1154 1474 1573
Total Expenditure 509 754 637 623 931 1189 1269
Operating Profit 142 196 151 146 223 285 305
Interest 13 32 38 32 28 30 37
Depreciation 46 58 60 65 68 79 84
Exceptional Income / Expenses -8 0 0 2 1 0 0
Profit Before Tax 74 106 53 52 129 177 184
Provision for Tax 14 27 11 6 38 49 56
Profit After Tax 61 79 42 46 91 128 128
Adjustments 0 0 0 0 -0 -0 0
Profit After Adjustments 61 79 42 46 91 128 128
Adjusted Earnings Per Share 25.1 32.7 17.4 19.1 37.7 53 52.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 28% 24% 18% 0%
Operating Profit CAGR 28% 24% 15% 0%
PAT CAGR 41% 45% 16% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% 27% 13% 34%
ROE Average 21% 16% 15% 17%
ROCE Average 15% 12% 12% 13%

MM Forgings Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 363 427 455 487 560 673
Minority's Interest 0 0 0 0 0 0
Borrowings 168 396 335 297 350 332
Other Non-Current Liabilities 17 37 33 30 35 35
Total Current Liabilities 305 357 311 441 469 619
Total Liabilities 853 1218 1134 1256 1414 1660
Fixed Assets 406 651 712 675 708 804
Other Non-Current Assets 48 67 63 63 87 116
Total Current Assets 399 500 358 518 619 740
Total Assets 853 1218 1134 1256 1414 1660

MM Forgings Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 134 164 172 175 187 226
Cash Flow from Operating Activities 4 27 283 20 150 169
Cash Flow from Investing Activities -86 -301 -78 -11 -126 -187
Cash Flow from Financing Activities 112 281 -202 3 14 10
Net Cash Inflow / Outflow 30 8 3 12 39 -8
Closing Cash & Cash Equivalent 164 172 175 187 226 218

MM Forgings Ratios

# Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 25.1 32.66 17.37 19.08 37.69 53
CEPS(Rs) 44.34 56.71 42.04 45.83 65.76 85.64
DPS(Rs) 10 5 5 5 6 6
Book NAV/Share(Rs) 150.2 176.99 188.48 201.8 231.79 278.78
Core EBITDA Margin(%) 20.35 19.25 17.18 17.11 18.31 18.66
EBIT Margin(%) 13.73 14.73 11.88 11.14 13.74 14.13
Pre Tax Margin(%) 11.61 11.35 6.9 6.87 11.31 12.1
PAT Margin (%) 9.49 8.44 5.45 6.12 7.98 8.75
Cash Profit Margin (%) 16.76 14.66 13.19 14.71 13.93 14.14
ROA(%) 11.07 7.61 3.56 3.85 6.82 8.32
ROE(%) 25.99 19.96 9.5 9.78 17.39 20.76
ROCE(%) 18.16 14.78 8.56 7.89 13.35 15.45
Receivable days 26.15 29.87 26.35 33.07 43.62 44.13
Inventory Days 45 62.83 78.44 76.39 61.29 63.62
Payable days 55.52 54.22 70.56 96.06 76.39 73.74
PER(x) 20.69 16.65 9.56 25.95 22.46 15.72
Price/Book(x) 3.46 3.07 0.88 2.45 3.65 2.99
Dividend Yield(%) 0.96 0.92 3.01 1.01 0.71 0.72
EV/Net Sales(x) 2.31 1.96 1.03 2.16 2.2 1.74
EV/Core EBITDA(x) 10.37 9.34 5.25 11.08 11.23 8.95
Net Sales Growth(%) 303.09 46.26 -17.66 -2.22 51.53 28.28
EBIT Growth(%) 382.41 57 -33.59 -8.36 86.92 31.89
PAT Growth(%) 481.73 30.11 -46.83 9.87 97.56 40.6
EPS Growth(%) 481.73 30.11 -46.83 9.87 97.56 40.6
Debt/Equity(x) 1.06 1.61 1.24 1.26 1.22 1.12
Current Ratio(x) 1.31 1.4 1.15 1.17 1.32 1.19
Quick Ratio(x) 0.89 0.85 0.71 0.77 0.88 0.7
Interest Cover(x) 6.5 4.36 2.39 2.61 5.65 6.98
Total Debt/Mcap(x) 0.31 0.52 1.41 0.51 0.33 0.38

MM Forgings Shareholding Pattern

# Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Promoter 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34
FII 0.53 0.77 0.78 0.82 0.91 1.16 1.65 1.64 1.72 1.93
DII 21.12 21.22 19.63 17.98 16.32 16.65 17.01 16.59 15.65 14.47
Public 22.01 21.68 23.26 24.86 26.44 25.86 25 25.43 26.29 27.27
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 76.39 to 73.74days.
  • Company has reduced debt.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

MM Forgings News

IPO

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....

Companies Open Date Close Date Issue Price Cost of 1 Lot GMP Expected Listing Listing Gain(%) Listing Price Current Price Type Exchange

View more.....