NSE: MMFL | BSE: 522241

Mid-range Performer

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366.70 4.50 (1.24%)

49.75% Fall from 52W High

9,980 NSE+BSE Volume

NSE 10 Jul, 2025 9:39 AM (IST)

1,770.5

Market Cap

Below industry Median

1.1

Beta 1Year

High Volatility

Dividend

M M Forgings Ltd. has an upcoming dividend of ₹4.00 per share due on 30 Jul 2025 See details

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.

03 Jun 2025

366.70

1.24%

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. is trading above its 100 day SMA of 357.2

M M Forgings Ltd.

05 Nov 2024

366.70

1.24%

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 -44.22% in the last 1 Year

M M Forgings Ltd.

08 Jul 2024

366.70

1.24%

MM Forgings Ltd.

Accumulate: M M Forgings Ltd.

CD Equisearch

M M Forgings Ltd. has an average target of 480.00 from 2 brokers.

M M Forgings Ltd.

18 May 2023

366.70

1.24%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Direct

M M Forgings Ltd. is trading above its 100 day SMA of 357.2

M M Forgings Ltd.

19 Apr 2023

366.70

1.24%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Target

CD Equisearch

M M Forgings Ltd. is trading below its 30 day SMA of 372.7

M M Forgings Ltd.

07 Jul 2022

366.70

1.24%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Recommendation Target

CD Equisearch

M M Forgings Ltd. has lost -44.22% in the last 1 Year

M M Forgings Ltd.

07 Jun 2022

366.70

1.24%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Direct

M M Forgings Ltd. has an average target of 480.00 from 2 brokers.

M M Forgings Ltd.

10 Nov 2021, 12:00AM

366.70

1.24%

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 above its 100 day SMA of 357.2

M M Forgings Ltd.

28 Oct 2021

366.70

1.24%

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 an average target of 480.00 from 2 brokers.

M M Forgings Ltd.

23 Aug 2021

366.70

1.24%

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. has an average target of 480.00 from 2 brokers.

Is M M Forgings Ltd. worth buying?

56 Votes:

Buy 78.57%

Sell 7.14%

Hold 14.29%

RESEARCH REPORTS

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Buy SEE REPORTS >

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