ALFA Finder| 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
- ₹647.00
- Market cap
- ₹3,124 Cr
- Revenue (annual)
- ₹1,590 Cr
- Net profit (annual)
- ₹98.67 Cr
- P/E (TTM)
- 30.0×Sector 51.9×
- Promoter holding
- 56.34%+0.00% QoQ
- FII holding
- 3.10%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from M M Forgings Ltd
All →M M Forgings Q2 FY27 Results: Net Profit ₹41.7 Cr, Up 125.4% YoY
M M Forgings Ltd reported revenue from operations of ₹548.4 Cr (+42.8% YoY) and net profit of ₹41.7 Cr (+125.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹41.7 Cr · +125.4% YoY
M M Forgings Board Meeting Date
MM Forgings scheduled its Q2 FY27 board meeting for 5 November 2026 to approve unaudited standalone and consolidated results for the quarter ended 30 September 2026.
M M Forgings Other Announcement
MM Forgings Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, as per regulatory requirements.
M M Forgings Other Announcement
M M Forgings Limited submitted the quarterly compliance certificate under SEBI Regulation 74(5) for the period ended September 30, 2026.
M M Forgings Results Correction
M M Forgings clarified an exceptional item of ₹56.25 Crore recorded in the Q1FY27 financial results. The amount represents profit from the sale of land.
- Value
- ₹56.25 Cr
M M Forgings Management Change
M M Forgings Ltd announced the resignation of Shri. Chandrasekar S from his position as Company Secretary, Compliance Officer, and Key Managerial Personnel, effective August 14, 2026.