About
M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, connecting rod integral, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also provides yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves, such as body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. It exports its products. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
Key Metrics
as of Sep 2026Market Cap3,040 Cr
P/E27.00
Div Yield0.63 %
Book Value₹202.00
52w High₹690.00
52w Low₹276.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 420.00 | 430.00 | 414.00 | 385.00 | 362.00 | 371.00 | 374.00 | 398.00 | 382.00 | 398.00 | 399.00 | 397.00 | 370.00 |
| Expenses | 346.00 | 349.00 | 344.00 | 318.00 | 298.00 | 298.00 | 301.00 | 321.00 | 309.00 | 320.00 | 323.00 | 322.00 | 305.00 |
| Operating Profit | 75.00 | 81.00 | 69.00 | 67.00 | 63.00 | 73.00 | 73.00 | 77.00 | 73.00 | 78.00 | 75.00 | 75.00 | 65.00 |
| OPM % | 18.00 | 19.00 | 17.00 | 17.00 | 18.00 | 20.00 | 20.00 | 19.00 | 19.00 | 20.00 | 19.00 | 19.00 | 18.00 |
| Other Income | 63.00 | 1.00 | 3.00 | 4.00 | 8.00 | 6.00 | 4.00 | 7.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 |
| Depreciation | 30.00 | 28.00 | 26.00 | 24.00 | 25.00 | 26.00 | 23.00 | 23.00 | 22.00 | 20.00 | 21.00 | 21.00 | 21.00 |
| Interest | 16.00 | 18.00 | 20.00 | 21.00 | 18.00 | 14.00 | 15.00 | 16.00 | 15.00 | 13.00 | 11.00 | 9.00 | 10.00 |
| Profit before tax | 91.00 | 35.00 | 26.00 | 25.00 | 28.00 | 40.00 | 39.00 | 45.00 | 42.00 | 50.00 | 49.00 | 50.00 | 40.00 |
| Tax % | 1.00 | -26.00 | 33.00 | 34.00 | 31.00 | 17.00 | 31.00 | 29.00 | 29.00 | 27.00 | 31.00 | 29.00 | 28.00 |
| Net Profit | 90.00 | 45.00 | 18.00 | 17.00 | 19.00 | 33.00 | 27.00 | 32.00 | 30.00 | 37.00 | 34.00 | 35.00 | 29.00 |
| EPS in Rs | 18.73 | 9.27 | 3.64 | 3.43 | 3.97 | 6.89 | 5.50 | 6.61 | 6.23 | 7.62 | 6.94 | 7.34 | 6.00 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2010 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,590.00 | 1,525.00 | 1,563.00 | 1,462.00 | 1,140.00 | 752.00 | 769.00 | 934.00 | 639.00 | 158.00 | 207.00 | 191.00 |
| Expenses | 1,310.00 | 1,229.00 | 1,270.00 | 1,189.00 | 931.00 | 623.00 | 637.00 | 759.00 | 509.00 | 136.00 | 175.00 | 154.00 |
| Operating Profit | 280.00 | 296.00 | 293.00 | 273.00 | 209.00 | 129.00 | 132.00 | 175.00 | 130.00 | 23.00 | 32.00 | 37.00 |
| OPM % | 18.00 | 19.00 | 19.00 | 19.00 | 18.00 | 17.00 | 17.00 | 19.00 | 20.00 | 14.00 | 15.00 | 19.00 |
| Other Income | 16.00 | 23.00 | 22.00 | 12.00 | 16.00 | 20.00 | 19.00 | 8.00 | 4.00 | 7.00 | 8.00 | 6.00 |
| Interest | 78.00 | 60.00 | 42.00 | 30.00 | 28.00 | 32.00 | 38.00 | 32.00 | 13.00 | 6.00 | 9.00 | 4.00 |
| Depreciation | 103.00 | 93.00 | 83.00 | 79.00 | 68.00 | 65.00 | 60.00 | 58.00 | 46.00 | 12.00 | 16.00 | 18.00 |
| Profit before tax | 115.00 | 166.00 | 189.00 | 177.00 | 129.00 | 52.00 | 53.00 | 93.00 | 74.00 | 12.00 | 14.00 | 20.00 |
| Tax % | 14.00 | 26.00 | 29.00 | 28.00 | 29.00 | 11.00 | 21.00 | 29.00 | 18.00 | 12.00 | 28.00 | 29.00 |
| Net Profit | 99.00 | 123.00 | 135.00 | 128.00 | 91.00 | 46.00 | 42.00 | 66.00 | 61.00 | 10.00 | 10.00 | 14.00 |
| EPS in Rs | 20.44 | 25.52 | 27.96 | 26.49 | 18.84 | 9.54 | 8.68 | 13.56 | 12.57 | 2.16 | 2.11 | 2.98 |
| Dividend Payout % | 20.00 | 16.00 | 14.00 | 11.00 | 16.00 | 26.00 | 29.00 | 18.00 | 20.00 | 17.00 | 18.00 | 21.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2010 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 48.00 | 48.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 | 12.00 | 12.00 | 12.00 | 6.00 |
| Reserves | 927.00 | 845.00 | 765.00 | 649.00 | 535.00 | 463.00 | 431.00 | 403.00 | 351.00 | 92.00 | 83.00 | 81.00 |
| Borrowings | 1,235.00 | 1,185.00 | 931.00 | 756.00 | 685.00 | 532.00 | 566.00 | 688.00 | 385.00 | 114.00 | 111.00 | 104.00 |
| Other Liabilities | 286.00 | 271.00 | 249.00 | 232.00 | 170.00 | 230.00 | 113.00 | 103.00 | 90.00 | 24.00 | 18.00 | 29.00 |
| Total Liabilities | 2,496.00 | 2,350.00 | 1,969.00 | 1,661.00 | 1,414.00 | 1,250.00 | 1,134.00 | 1,218.00 | 838.00 | 242.00 | 224.00 | 220.00 |
| Fixed Assets | 1,101.00 | 964.00 | 914.00 | 804.00 | 708.00 | 675.00 | 712.00 | 651.00 | 406.00 | 130.00 | 113.00 | 101.00 |
| CWIP | 335.00 | 383.00 | 124.00 | 63.00 | 36.00 | 17.00 | 13.00 | 39.00 | 27.00 | 22.00 | 25.00 | 22.00 |
| Investments | 10.00 | 4.00 | 23.00 | 22.00 | 22.00 | 3.00 | 3.00 | 3.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 1,051.00 | 998.00 | 908.00 | 772.00 | 647.00 | 553.00 | 406.00 | 524.00 | 402.00 | 90.00 | 86.00 | 97.00 |
| Total Assets | 2,496.00 | 2,350.00 | 1,969.00 | 1,661.00 | 1,414.00 | 1,250.00 | 1,134.00 | 1,218.00 | 838.00 | 242.00 | 224.00 | 220.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2010 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 228.00 | 182.00 | 149.00 | 160.00 | 150.00 | 20.00 | 283.00 | 27.00 | 4.00 | 27.00 | 23.00 | 6.00 |
| Cash from Investing Activity | -182.00 | -358.00 | -232.00 | -187.00 | -126.00 | -11.00 | -78.00 | -301.00 | -86.00 | -15.00 | -41.00 | -38.00 |
| Cash from Financing Activity | -38.00 | 185.00 | 77.00 | 16.00 | 14.00 | 3.00 | -202.00 | 281.00 | 112.00 | -7.00 | 18.00 | 32.00 |
| Net Cash Flow | 8.00 | 8.00 | -6.00 | -10.00 | 39.00 | 12.00 | 3.00 | 8.00 | 30.00 | 5.00 | 0.00 | 0.00 |
| Free Cash Flow | 40.00 | -221.00 | -102.00 | -40.00 | 40.00 | -9.00 | 189.00 | -288.00 | -89.00 | 2.00 | -9.00 | -41.00 |
| CFO/OP % | 87.00 | 81.00 | 62.00 | 74.00 | 85.00 | 20.00 | 221.00 | 30.00 | 18.00 | 125.00 | 86.00 | 30.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2010 | Mar 2009 | Mar 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96.00 | 85.00 | 64.00 | 49.00 | 50.00 | 56.00 | 10.00 | 35.00 | 36.00 | 67.00 | 29.00 | 35.00 |
| Inventory Days | 171.00 | 188.00 | 176.00 | 163.00 | 147.00 | 190.00 | 140.00 | 168.00 | 178.00 | 151.00 | 149.00 | 190.00 |
| Days Payable | 103.00 | 95.00 | 82.00 | 89.00 | 79.00 | 108.00 | 82.00 | 50.00 | 92.00 | 66.00 | 19.00 | 62.00 |
| Cash Conversion Cycle | 165.00 | 178.00 | 158.00 | 123.00 | 118.00 | 139.00 | 68.00 | 153.00 | 121.00 | 152.00 | 160.00 | 163.00 |
| Working Capital Days | -18.00 | -14.00 | -20.00 | -25.00 | -25.00 | 60.00 | -61.00 | -11.00 | -40.00 | 155.00 | 133.00 | 142.00 |
| ROCE % | 9.00 | 12.00 | 15.00 | 15.00 | 14.00 | 8.00 | 9.00 | 14.00 | — | 9.00 | 12.00 | 15.00 |
Corporate Actions
41 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Jun 2026 | 12 Jun 2026 | — | 4.00 | |
| Dividend | 30 Jul 2025 | 30 Jul 2025 | — | 4.00 | |
| Bonus | 16 Jul 2024 | 16 Jul 2024 | 1:1 | — | |
| Dividend | 14 Jun 2024 | 14 Jun 2024 | — | 8.00 | |
| Dividend | 29 May 2023 | 29 May 2023 | — | 6.00 | |
| Dividend | 06 Jun 2022 | 07 Jun 2022 | — | 6.00 | |
| Other | 03 Sep 2021 | — | — | — | Annual General Meeting |
| Dividend | 01 Jul 2021 | 02 Jul 2021 | — | 5.00 | |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 5.00 | |
| Other | 21 Aug 2019 | — | — | — | Annual General Meeting |
| Dividend | 07 Jun 2019 | 10 Jun 2019 | — | 2.50 | |
| Dividend | 22 Feb 2019 | 25 Feb 2019 | — | 2.50 | |
| Bonus | 18 Jul 2018 | 19 Jul 2018 | 1:1 | — | |
| Dividend | 07 Jun 2018 | 08 Jun 2018 | — | 5.00 | |
| Dividend | 05 Dec 2017 | 06 Dec 2017 | — | 5.00 | |
| Other | 18 Sep 2017 | — | — | — | Annual General Meeting |
| Dividend | 01 Jun 2017 | 02 Jun 2017 | — | 1.00 | |
| Dividend | 29 Aug 2016 | — | — | 5.00 | |
| Dividend | 21 Mar 2016 | 22 Mar 2016 | — | 3.00 | |
| Dividend | 19 Nov 2015 | 20 Nov 2015 | — | 3.00 | |
| Other | 17 Aug 2015 | — | — | — | Annual General Meeting |
| Dividend | 28 May 2015 | 29 May 2015 | — | 3.00 | |
| Dividend | 03 Nov 2014 | 05 Nov 2014 | — | 3.00 | |
| Other | 22 Aug 2014 | — | — | — | Annual General Meeting / Annual Closing |
| Dividend | 27 May 2014 | 28 May 2014 | — | 2.00 | |
| Dividend | 17 Feb 2014 | 18 Feb 2014 | — | 2.00 | |
| Other | 23 Aug 2013 | — | — | — | Annual General Meeting |
| Dividend | 31 May 2013 | 03 Jun 2013 | — | 3.00 | |
| Other | 30 Jul 2012 | — | — | — | Annual General Meeting |
| Dividend | 30 May 2012 | 31 May 2012 | — | 3.00 | |
| Other | 08 Aug 2011 | — | — | — | Annual General Meeting |
| Dividend | 03 May 2011 | 04 May 2011 | — | 3.00 | |
| Dividend | 20 Aug 2010 | — | — | 1.50 | |
| Dividend | 31 Jul 2009 | — | — | 1.50 | |
| Bonus | 26 Sep 2008 | 30 Sep 2008 | 1:1 | — | |
| Dividend | 12 Aug 2008 | — | — | 5.00 | |
| Dividend | 23 Aug 2007 | — | — | 3.00 | |
| Dividend | 16 Jul 2001 | — | — | 4.00 | |
| Dividend | 11 Jul 2001 | — | — | 4.00 | |
| Other | 09 Aug 2000 | — | — | — | Agm |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Jun from care
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Rating update9 Apr from care
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Rating update4 Mar 2025 from care
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Rating update3 Apr 2024 from care
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Rating update7 Apr 2022 from care