NSE: MMFL | BSE: 522241

Turnaround Potential

Download real time

516.40 -7.00 (-1.34%)

New 52W High in past week

75,482 NSE+BSE Volume

NSE 13 Jul, 2026 3:31 PM (IST)

2,493.3

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.

Search Inside the pdf :

M M Forgings Ltd.

18 Feb 2026

516.40

-1.34%

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 above all available SMAs

M M Forgings Ltd.

12 Aug 2025

516.40

-1.34%

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 above all available SMAs

M M Forgings Ltd.

03 Jun 2025

516.40

-1.34%

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 23.32% in the last 6 Months

M M Forgings Ltd.

05 Nov 2024

516.40

-1.34%

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 42.34% in the last 1 Year

M M Forgings Ltd.

08 Jul 2024

516.40

-1.34%

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

516.40

-1.34%

MM Forgings

Buy: M M Forgings Ltd.

Target

ICICI Direct

M M Forgings has gained 23.32% in the last 6 Months

M M Forgings Ltd.

19 Apr 2023

516.40

-1.34%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Target

CD Equisearch

M M Forgings has gained 15.27% in the last 1 Month

M M Forgings Ltd.

07 Jul 2022

516.40

-1.34%

MM Forgings Ltd.

Buy: M M Forgings Ltd.

Recommendation Target

CD Equisearch

M M Forgings has gained 42.34% in the last 1 Year

M M Forgings Ltd.

07 Jun 2022

516.40

-1.34%

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

516.40

-1.34%

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 23.32% 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

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf