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  2. SECTOR : GENERAL INDUSTRIALS
  3. INDUSTRY : CASTINGS & FORGINGS
  4. MUNISH FORGE LTD.
Munish Forge Ltd.
NSE: MUNISH
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87.20-2.80(-3.11%)
19,200
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NSE 08 Oct, 2026 3:31 PM (IST)

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Munish Forge quarterly and annual financials: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Munish Forge competitor comparison and performance snapshot within industry

Munish Forge annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

  • POSITIVE

    Annual Revenue Munish Forge Mar-2026 Annual Revenue is Rs 184 Cr which is growth of 2.6% YoY.

  • NEGATIVE

    Annual Net Profit Munish Forge Mar-2026 Annual Net Profit is Rs 11 Cr which is growth of -27.1% YoY.

Munish Forge Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
4.5%
18.1%
183.8179.1161.4161.1124.880123.9135119103.2118.9
Operating Exp. Ann.
2.2%
17.4%
161.2151.1148.2150.8114.972.2113.7126.1110.395110.3
Operating Profit Ann.
48.8%
75.1%
21.424.48.46.57.31.36.24.34.75.14.7
OPM Ann. %
42.6%
47.5%
11.66%13.61%5.21%4.02%5.84%1.67%5.01%3.16%3.96%4.95%3.97%
⌄
2.7%
16.4%
170.9159.5154.9158123.279.9121.9133.4117.4102117.2
EBITDA Ann.
29.9%
24%
22.62813.210.39.97.710.298.78.38.6
EBITDA Ann. margin %
24.1%
5%
12.28%15.62%8.20%6.42%7.92%9.64%8.23%6.64%7.34%8.02%7.26%
Interest Ann.
10.5%
10%
5.85.14.14.34.73.64.33.93.93.83.8
Depr.
10.4%
-0.5%
3.93.42.62.93.6443.53.23.23.2
PBT Ann.
60.8%
164.3%
12.919.56.53.11.60.11.91.61.61.21.6
Tax Ann.
58.7%
-
2.45.11.50.6-0.1-0.10.20.20.20.20.1
59.2%
120.8%
10.514.452.61.80.21.81.41.41.11.5
Net Profit Ann.
59.2%
120.8%
10.514.452.61.90.21.81.41.41.11.5
NPM Ann. %
52.6%
92.1%
5.76%8.23%3.19%1.62%1.54%0.22%1.49%1.10%1.21%1.06%1.33%
EPS Adj. latest Ann.
58.7%
113.2%
4.462.11.10.80.10.80.60.60.40.6
*All financials are in INR Cr and price data in INR
Total Rev. Ann.
1Y CHG
2.6%
2Y CAGR
6.7%
3Y CAGR
4.5%
5Y CAGR
18.1%
7Y CAGR
4.5%
10Y CAGR
4.5%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
-27.1%
2Y CAGR
44.9%
3Y CAGR
59.2%
5Y CAGR
120.8%
7Y CAGR
33.4%
10Y CAGR
21.5%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
6.7%
2Y CAGR
4.3%
3Y CAGR
2.2%
5Y CAGR
17.4%
7Y CAGR
3.6%
10Y CAGR
3.9%
Operating Expenses Annual Cr growth is stable compared to historical averages.

Munish Forge balance sheet as of Mar 2026: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Munish Forge Total Shareholders Fund is Rs 127 Cr which is growth of 88.1% YoY.

  • POSITIVE

    Total Assets Munish Forge Total Assets is Rs 210 Cr which is growth of 30.0% YoY.

Munish Forge Ltd., Balance Sheet, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
⌄
48.7%
28.3%
126.767.443.638.538.336.436.334.531.530.129.1
Minority Interest Liability Ann.
-
-
-----------
⌄
-30.9%
-22%
5.813.416.117.614.420.116.517.515.618.119.8
14.9%
6.4%
77.580.85451.168.756.960.967.765.551.644.6
Total Capital Plus Liabilities Ann.
25.2%
13.1%
210161.5113.6107.1121.4113.4113.6119.8112.799.993.4
⌄
18.8%
6.2%
39.936.726.323.825.329.63331.730.432.434.5
⌄
34.6%
15.4%
62.754.32825.726.530.734.132.4313335.1
21.8%
12.2%
147.3107.385.681.59582.779.587.481.666.858.4
Total Assets Ann.
25.2%
13.1%
210161.5113.6107.1121.4113.4113.6119.8112.799.993.4
Contingent Liabilities plus Commitments Ann.
-
-
--1414.5
Bonus Equity Share Capital Ann.
-
-
--
Non Current Investments Unquoted Book Value Ann.
-
-
--0.1
Current Investments Unquoted Book Value Ann.
-
-
--0.10.10.10.10.10.1
*All financials are in INR Cr and price data in INR
Total Assets Ann.
1Y CHG
30%
2Y CAGR
36%
3Y CAGR
25.2%
5Y CAGR
13.1%
7Y CAGR
8.3%
10Y CAGR
8.4%
Total Assets Annual growth is higher than historical averages.
Total Current Liabilities Ann.
1Y CHG
-4.1%
2Y CAGR
19.8%
3Y CAGR
14.9%
5Y CAGR
6.4%
7Y CAGR
2%
10Y CAGR
5.7%
Total Current Liabilities Annual Cr is falling faster than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
88%
2Y CAGR
70.5%
3Y CAGR
48.7%
5Y CAGR
28.3%
7Y CAGR
20.4%
10Y CAGR
15.8%
Total ShareHolders Funds Annual growth is higher than historical averages.

Munish Forge ROE, ROCE, book value, and debt-to-equity ratio as of Mar 2026 – 11 year history

  • POSITIVE

    Book Value Per Share Munish Forge Book Value Per Share is 53 Rs which is growth of 38.5% YoY.

  • POSITIVE

    ROE Munish Forge ROE is 8% which is growth of 13.1% YoY.

Munish Forge Ltd., Ratios, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
BVSH Ann.
-49.1%
-32.2%
52.638452.4399.2388.1368.5367.4348.8331.8316.7305.2
RoA Ann. %
28.2%
104.5%
5.01%8.94%4.39%2.38%1.55%0.14%1.58%1.19%1.23%1.06%1.64%
ROE Ann. %
7.7%
78.3%
8.30%21.44%11.45%6.64%5.03%0.46%5.07%4.27%4.55%3.64%5.46%
ROCE Ann. %
2.2%
16.6%
14.12%30.44%17.73%13.22%12.01%6.55%11.78%10.58%11.70%10.50%11.09%
⌄
           
⌄
           
⌄
           
Total Debt to Total Equity Ann.
-32.5%
-21%
0.40.91.11.31.51.31.41.61.61.41.4
*All financials are in INR Cr and price data in INR
ROE Ann. %
1Y CHG
-61.3%
2Y CAGR
-14.9%
3Y CAGR
7.7%
5Y CAGR
78.3%
7Y CAGR
10%
10Y CAGR
4.3%
ROE Annual % is falling faster than historical averages.
RoA Ann. %
1Y CHG
-44%
2Y CAGR
6.8%
3Y CAGR
28.2%
5Y CAGR
104.5%
7Y CAGR
22.8%
10Y CAGR
11.8%
RoA Annual % is falling faster than historical averages.
Current Ratio Ann.
1Y CHG
46.2%
2Y CAGR
9%
3Y CAGR
5.9%
5Y CAGR
4.8%
7Y CAGR
5.6%
10Y CAGR
3.9%
Current Ratio Annual growth is higher than historical averages.

Munish Forge cash flow: net, operating, investing, and financing flows as of Mar 2026 – 11 year history

  • NEGATIVE

    Cash From Operating Activity Munish Forge Mar-2026 Cash From Operating Activity is Rs -34 Cr which is growth of -445.4% YoY.

  • POSITIVE

    Net Cash Flow Munish Forge Mar-2026 Net Cash Flow is Rs 11 Cr which is growth of 269.1% YoY.

Munish Forge Ltd., Cash Flow, standalone, All financials are in INR Cr and price data in INR
IndicatorGraphCAGR 3 YrsCAGR 5 YrsMar '26Mar '25Mar '24Mar '23Mar '22Mar '21Mar '20Mar '19Mar '18Mar '17Mar '16
-
-
-349.83.819.3100.47.34.38.20.710
Cash from Investing Act. Ann.
-
-
-5.6-14.6-4.7-0.41.2-0.3-5.5-4.6-1.1-0.7-3.5
Cash from Financing Act. Ann.
-
143%
50.87.8-5.6-6-9.20.6-4.40.5-5.3-4.5-2.3
-4.6%
74.1%
11.23-6.512.92.10.7-2.60.21.9-4.54.2
*All financials are in INR Cr and price data in INR
Cash from Financing Act. Ann.
1Y CHG
551.3%
5Y CAGR
143%
7Y CAGR
93.5%
Cash from Financing Annual Activity growth is higher than historical averages.

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