M M Forgings Limited Share Price and Company Fundamentals
Last traded: Today at 9:59 AM
M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also provides yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
Key Metrics
PE ratio
24.06
PB ratio
2.25
Dividend yield
0.91%
Beta
0.71
Market cap
₹20.84B
Enterprise value
₹31.52B
Company profile
| Industry / Sector | Metal Fabrication / Industrials |
|---|---|
| Full time employees | 2297 |
| Website | https://www.mmforgings.com |
| Mailing address | A24/25, SVK Towers 8th Floor Thiru Vi Ka Industrial Estate Guindy Chennai 600032 India |
| Phone / Fax | 91 44 7160 1000 / 91 44 7160 1010 |
Dividends
Dividend yield
0.91%
Dividend amount
₹4.00
Payout ratio
22.28%
5Y Avg. yield
-%
M M Forgings Limited paid ₹4.00 dividend and the ex-dividend date was 30 Jul 2025.The dividend payout ratio is 22.28%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.MMFL dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
Company Executives
As of Apr 2026, following are the company executives and directors listed on M M Forgings Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Vidyashankar Krishnan | Chairman & MD | 60 | |
| Mr. Venkatramanan Krishnan | Joint MD & Executive Director | 56 | |
| Mr. R. Venkatakrishnan | Chief Financial Officer | ||
| Mr. Krishnakumar Raman | Whole Time Director & Director of Operations | 53 | |
| Mr. Chandrasekar S. | Company Secretary & Compliance Officer | ||
| Mr. Ramnath Nagarajan | Whole Time Director & Director of Commercial | 58 | |
| Selvavinayaga Raja A | President of Corporate HR | ||
| Mr. K. Muthuveeran | Head of Plant1 & Senior Manager | ||
| M R Santhanam | Head of Purchase |
Profitability and management effectiveness
Profit margin
5.66%
Operating margin
10.44%
Return on assets
-
Return on equity
-
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of M M Forgings Limited is 20.84B and its enterprise value is 31.52B. The enterprise value to revenue ratio of MMFL is 2.06. The enterprise value to EBITDA ratio of MMFL is 11.58.
The MMFL's stocks Beta value is 0.71 making it 29% less volatile compared to NSE market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
M M Forgings Limited (NSE:MMFL) Frequently Asked Questions
1. What is M M Forgings Limited's Stock Symbol?
M M Forgings Limited trades on NSE under the ticker symbol "MMFL".
2. What is M M Forgings Limited's stock price today?
One share of MMFL stock can currently be purchased for approximately ₹431.55.
3. How can I contact M M Forgings Limited?
M M Forgings Limited's mailing address is A24/25, SVK Towers 8th Floor Thiru Vi Ka Industrial Estate Guindy Chennai 600032 India. The company can be reached via phone at 91 44 7160 1000.
4. What is M M Forgings Limited's official website?
The official website of M M Forgings Limited is https://www.mmforgings.com.