NSE: MMFL | BSE: 522241

Falling Comet

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336.45 -1.30 (-0.38%)

53.90% Fall from 52W High

29,544 NSE+BSE Volume

NSE 07 May, 2025 3:31 PM (IST)

1,624.4

Market Cap

Above industry Median

1.2

Beta 1Year

Very 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.

05 Nov 2024

336.45

-0.38%

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 Ltd. has lost -40.60% in the last 1 Year

M M Forgings Ltd.

08 Jul 2024, 12:00AM

336.45

-0.38%

MM Forgings Ltd.

Accumulate: M M Forgings Ltd.

CD Equisearch

M M Forgings Ltd. has lost -29.90% in the last 6 Months

M M Forgings Ltd.

18 May 2023

336.45

-0.38%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Direct

M M Forgings Ltd. has lost -40.60% in the last 1 Year

M M Forgings Ltd.

19 Apr 2023

336.45

-0.38%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Target

CD Equisearch

M M Forgings Ltd. has an average target of 720.00 from 2 brokers.

M M Forgings Ltd.

07 Jul 2022, 12:00AM

336.45

-0.38%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Recommendation Target

CD Equisearch

M M Forgings Ltd. has an average target of 720.00 from 2 brokers.

M M Forgings Ltd.

07 Jun 2022, 12:00AM

336.45

-0.38%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Direct

M M Forgings Ltd. is trading below all available SMAs

M M Forgings Ltd.

10 Nov 2021

336.45

-0.38%

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 Ltd. is trading below all available SMAs

M M Forgings Ltd.

28 Oct 2021

336.45

-0.38%

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 Ltd. has lost -40.60% in the last 1 Year

M M Forgings Ltd.

23 Aug 2021

336.45

-0.38%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Securities Limited

Standalone revenue decline was limited to 16.2% QoQ at | 239 crore vs. >50% M&HCV; volume decline domestically; largely aided by exports EBITDA margins were down ~170 bps QoQ to 18.1%, tracking negative operating leverage; gross margins rose ~100 bps sequentially Consequent PAT declined ~21% sequentially to | 24 crore...

M M Forgings Ltd. is trading below all available SMAs

M M Forgings Ltd.

23 Jun 2021

336.45

-0.38%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Securities Limited

Prices of key raw materials, steel and aluminium, witnessed a steep increase in the past six months. The company has input cost pass-through arrangements with clients (albeit with a small time lag) and, hence, has been relatively unaffected. Solid offtake prospects domestically and abroad are seen leading to MMF deriving operating leverage benefits as capacity utilisation levels improve. Its focus on increasing machining content and value addition from heavier press lines added in the past are expected to be...

M M Forgings Ltd. has an average target of 720.00 from 2 brokers.

Is M M Forgings Ltd. worth buying?

55 Votes:

Buy 78.18%

Sell 7.27%

Hold 14.55%

RESEARCH REPORTS

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