NSE: MMFL | BSE: 522241

Mid-range Performer

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448.90 8.70 (1.98%)

55.81% Gain from 52W Low

104.0K NSE+BSE Volume

NSE 19 May, 2026 3:31 PM (IST)

2,167.4

Market Cap

Above industry Median

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.

18 Feb 2026

448.90

1.98%

Healthy outlook on India/US CV rebound, valuation attractive; retain BUY

Buy: M M Forgings Ltd.

Target

Anand Rathi

MM Forgings (MMFL) reported Rs716m EBITDA in Q3FY26 (down 2% y/y), broadly in-line with our estimate of Rs709m.

M M Forgings Ltd. is trading below its 30 day SMA of 467.4

M M Forgings Ltd.

12 Aug 2025

448.90

1.98%

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. is trading below its 30 day SMA of 467.4

M M Forgings Ltd.

03 Jun 2025

448.90

1.98%

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 has gained 44.69% in the last 6 Months

M M Forgings Ltd.

05 Nov 2024

448.90

1.98%

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 25.02% in the last 1 Year

M M Forgings Ltd.

08 Jul 2024

448.90

1.98%

MM Forgings Ltd.

Accumulate: M M Forgings Ltd.

CD Equisearch

M M Forgings Ltd. has an average target of 600.00 from 1 broker.

M M Forgings Ltd.

18 May 2023

448.90

1.98%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Direct

M M Forgings has gained 44.69% in the last 6 Months

M M Forgings Ltd.

19 Apr 2023, 12:00AM

448.90

1.98%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Target

CD Equisearch

M M Forgings Ltd. is trading above its 200 day SMA of 378.8

M M Forgings Ltd.

07 Jul 2022

448.90

1.98%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Recommendation Target

CD Equisearch

M M Forgings has gained 25.02% in the last 1 Year

M M Forgings Ltd.

07 Jun 2022

448.90

1.98%

MM Forgings

Buy: M M Forgings Ltd.

ICICI Direct

M M Forgings Ltd. has an average target of 600.00 from 1 broker.

M M Forgings Ltd.

10 Nov 2021

448.90

1.98%

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 44.69% in the last 6 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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