| Management target | Revenue 18.0% FY27 |
|---|
| Revenue growth | 16% YoY growth driven by US export recovery and machining mix. |
|---|---|
| Margins | Structural expansion expected from higher machining mix and automation efforts. |
| Order book | Gaining traction from hyperscalers and EV components for four-wheelers. |
| Demand visibility | Strong visibility in US Class 8 trucks and domestic CV/Passenger cars. |
| Management confidence | High optimism regarding US CV market and internal capacity debottlenecking. |
Growth
16% YoY revenue growth led by machining share rising to 67%; EBITDA margins remained steady at 18% excluding other income.
Outlook
Targeting 18% YoY revenue growth (₹1,800-1,900 Cr) for FY27; aiming for 110,000 tons volume run-rate by fiscal year-end.
Risks
High power and fuel costs persist; rising freight expenses and working capital intensity remain key operational headwinds.
Last quarter's promises, checked
Delivered
- Commission 16500-ton press in FY27 → Commissioned (BEAT)
- Commission 4000-ton press → Commissioned (BEAT)
- Improve machining mix → Share rose to 67% (BEAT)
Partly delivered
- FY27 Revenue growth 20% → Current guidance 18% (PARTIAL)
- Utilization target 90k-100k tons → Aiming for 110k run-rate by year-end (PARTIAL)
Missed
- Cap gross debt at ₹1200 Cr → Reported ₹750-800 Cr (MISS/Restated target)
Earnings Call Transcript filed with BSE, NSE: MMFL. Summary written with AI assistance from the document.
M M Forgings Ltd: key numbers
- Share price
- ₹616.15
- Market cap
- ₹2,975 Cr
- Revenue (annual)
- ₹1,590 Cr
- Net profit (annual)
- ₹98.67 Cr
- P/E (TTM)
- 17.6×Sector 53.6×
- Promoter holding
- 56.34%+0.00% QoQ
- FII holding
- 2.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from M M Forgings Ltd
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- Key figure
- Net profit ₹34.2 Cr · +78.1% YoY
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- Key figure
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