NSE: MMFL | BSE: 522241

Turnaround Potential

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425.30 11.85 (2.87%)

47.62% Gain from 52W Low

133.2K NSE+BSE Volume

NSE 16 Jan, 2026 3:31 PM (IST)

2,053.4

Market Cap

Above industry Median

Beta 1Year

High Volatility

M M Forgings Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MMFL, BSE:522241 M M Forgings Ltd.

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M M Forgings Ltd.

12 Aug 2025

425.30

2.87%

Rebound ahead and attractive valuation; retaining a Buy

Buy: M M Forgings Ltd.

Target

Anand Rathi

Lower than our Rs 669m estimate, MM Forgings’ Q1 EBITDA slipped 13% y/y to Rs625m due to more-than-expected other expenses. We expect 6% revenue/ EBITDA CAGRs each over FY25-28.

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

03 Jun 2025

425.30

2.87%

Attractive valuation; retaining a Buy

Buy: M M Forgings Ltd.

Target

Anand Rathi

Lower our Rs819m estimate due to less-than-expected revenues, MM Forgings’ Q4 EBITDA slipped 4% y/y to Rs724m. Growth would be supported by the domestic M&H CV volume upswing, which would come at a 5% CAGR over FY25-27 on economic activity and replacement demand.

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

05 Nov 2024

425.30

2.87%

Attractive valuation; retaining a Buy

Buy: M M Forgings Ltd.

Anand Rathi

Broadly in line with our Rs774m estimate, MM Forgings’ Q2 EBITDA grew a healthy 7% y/y to Rs769m. We reckon the domestic M&H CV volume uptrend would hold at a 5% CAGR over FY24-27.

M M Forgings has gained 42.17% in the last 3 Months

M M Forgings Ltd.

08 Jul 2024

425.30

2.87%

MM Forgings Ltd.

Accumulate: M M Forgings Ltd.

CD Equisearch

M M Forgings Ltd. has an average target of 430.00 from 1 broker.

M M Forgings Ltd.

18 May 2023, 12:00AM

425.30

2.87%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Direct

M M Forgings Ltd. is trading above all available SMAs

M M Forgings Ltd.

19 Apr 2023

425.30

2.87%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Target

CD Equisearch

M M Forgings Ltd. is trading above all available SMAs

M M Forgings Ltd.

07 Jul 2022

425.30

2.87%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Recommendation Target

CD Equisearch

M M Forgings has gained 42.17% in the last 3 Months

M M Forgings Ltd.

07 Jun 2022

425.30

2.87%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Direct

M M Forgings has gained 42.17% in the last 3 Months

M M Forgings Ltd.

10 Nov 2021

425.30

2.87%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Securities Limited

About the stock: MM Forging (MMF) is a prominent forging player serving India, Europe and US markets (FY21 geographical mix domestic 50%, exports 50%). EBITDA margins were flattish at 18.2% amid operating leverage gains; gross...

M M Forgings has gained 42.17% in the last 3 Months

M M Forgings Ltd.

28 Oct 2021

425.30

2.87%

MM Forgings Ltd.

Hold: M M Forgings Ltd.

Target

CD Equisearch

MM Forgings is a manufacturer of automotive components. It manufactures steel forgings in raw, semi-machined machined and fully machined stages in various...

M M Forgings has gained 42.17% in the last 3 Months

Is M M Forgings Ltd. worth buying?

60 Votes:

Buy 80.0%

Sell 6.67%

Hold 13.33%

RESEARCH REPORTS

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Buy SEE REPORTS >

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