M M Forgings Limited Share Price and Company Fundamentals
Last traded: Yesterday at 9:59 AM
M M Forgings Limited, together with its subsidiaries, designs, manufactures, and sells steel forgings for passenger cars, commercial vehicles, off highway, agricultural, and high pressure valves in India. It offers closed die forgings, such as axle beams, steering knuckles, crankshaft, axle spindles, gear blanks, sockets, front hubs, ball studs, cross, and differential spiders. 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
22.63
PB ratio
3.62
Dividend yield
0.70%
Beta
0.93
Market cap
-
Enterprise value
-
Company profile
| Industry / Sector | Metal Fabrication / Industrials |
|---|---|
| Full time employees | 3870 |
| Website | https://www.mmforgings.com |
| Mailing address | A 24/25, 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
0.70%
Dividend amount
₹6.00
Payout ratio
13.27%
M M Forgings Limited paid ₹6.00 dividend and the ex-dividend date was 06 June 2022.The dividend payout ratio is 13.27%. 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.
MMFL's forward dividend amount is ₹11 and the forward dividend yield is 1.31%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
Company Executives
As of Jul 2022, following are the company executives and directors listed on M M Forgings Limited.
| Name | Title | Age | Total Pay |
|---|---|---|---|
| Mr. Venkatramanan Krishnan | Joint MD & Exec. Director | 52 | 29.8M |
| Mr. Vidyashankar Krishnan | Vice Chairman & MD | 56 | 29.86M |
| Mr. R. Venkatakrishnan | Chief Financial Officer | ||
| Ms. J. Sumathi | Compliance Officer & Company Sec. | ||
| Krishnakumar Raman | Pres of Operations | ||
| K. Srinivasan | Mang. of HR | ||
| Mr. Nagarajan Ramnath | Pres of Commercial | ||
| Mr. K. Muthuveeran | Head of Plant1 & Sr. Mang. | ||
| M R Santhanam | Head of Purchase |
Profitability and management effectiveness
Profit margin
7.99%
Operating margin
12.37%
Return on assets
6.61%
Return on equity
17.39%
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 and its enterprise value is .
The MMFL's stocks Beta value is 0.93 making it 7% 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 ₹885.1.
3. How can I contact M M Forgings Limited?
M M Forgings Limited's mailing address is A 24/25, 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.