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IndiaPulse

MM Forgings Limited (MMFL)

Small Cap

Auto stocks · Small cap · NSE

MM Forgings Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹630.1
-11.70 · -1.82%
Quote04 Sept, 03:54 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 26.5 (n=128)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.

Suggested next step
Research, do not rush
The four lenses are not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
WATCHLIST
42

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Mixed Trust
66

low confidence · 0/0 claims checked

Technical
Neutral
52

Timing lens: price trend and sector relative strength.

Result consistency
mixed
61

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Good · 67/100

Rev +16% YoY · PAT +374% YoY · operating leverage · margin compression

Filed 14 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹420 Cr+16.0%-2.3%
EBITDA₹75 Cr+19.0%-7.4%
Operating margin18.0%+0 bps-100 bps
PAT₹90 Cr+373.7%+100.0%
PAT margin21.4%+1618 bps+1096 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

MM Forgings Limited operates in Auto Components, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

52Neutral

SMA20 +16.4% / mo · MACD − · near 52W high · sector -3.3pp vs Nifty (3M)

Stock trend: 65
Sector RS: 31
Sector 3M: -4.8% vs Nifty -1.5%

Technical chart

MMFLdaily · 1Y · AUTO+43.6%
Latest close ₹630.10 on 2026-09-04
Bar
-2.1%
RSI
54
MACD hist
-4.84
52W pos
86%
2026-09-04O ₹643.80H ₹649.90L ₹620.00C ₹630.10Vol 1.6L sh
₹348.70₹437.55₹526.40₹615.25₹704.1152H630.102026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 54. Wait for confirmation.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 rising (~14.1% over last month) — short-term momentum positive.
  • RSI(14) at 54 — falling, no extreme reading.
  • MACD below signal, histogram expanding negatively — bearish momentum building.
  • 8% off 52W high · 119% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 42 · WATCHLIST · pillar breakdown, sector model, fair-value anchor

42U-SCORE
WATCHLIST

Fundamental score breakdown

WATCHLIST
Valuation15/30
Growth13/25
Quality1/20
Balance Sheet4/15
Cash Flow5/10
Piotroski
7/9 (+5)
Penalties
-1
Raw sum
42

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

42/100 · WATCHLIST

Positive drivers

  • Piotroski is strong at 7/9.
  • Fair-value margin of safety is positive at 54.8%.
  • Growth contributes 13/25 to the score.

Main drags

  • Penalty bucket subtracts 1 points.
  • Quality is weaker at 1/20; verify the latest quarterly trend.
  • Balance sheet is weaker at 4/15; verify the latest quarterly trend.
Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
27.0
PB
3.1
EV/EBITDA
10.7
ROE
10.5%
ROCE
9.0%
FCF Yield
1.5%
Debt/Equity
1.3
MoS
+54.8%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
42
Previous: 42
Verdict
WATCHLIST
Previous: WATCHLIST
Margin of safety
+54.8%
Previous: +54.8%

Score history

12 stored score snapshots. Latest stored move: +4 points.

05 Sept 2026
v4.3-runtime-valuation
34
34
45
45
45
43
38
38
40
37
38
42

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹399.24
-57.8% MoS
Growth-justified P/E
39.8
Growth-justified Value
₹1,394.03
+54.8% MoS
PEG
1.59

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
66Mixed Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Mixed Trust: Claim history is still being built. It ranks around the 49th percentile of the scored universe and 32nd percentile within Auto. Main check: financial discipline is weak at 50/100.

Healthy Trust Lite: Promoter holding is 56.3%. Key concern: 2 latest quarters had PAT decline worse than 25% YoY.

Computed 05 Sept 2026
management-trust-v1
47 docs text-extracted · 27 concalls text-extracted
Score band
Mixed Trust

Usable, but needs evidence. Treat guidance with a margin of safety.

Relative rank
49th percentile

overall median 67 · Auto: 32nd pctile, median 74 · Small: 54th pctile, median 66

Evidence depth
Financial-only

47 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Mixed Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
53
watch · leverage and solvency
Discipline
50
watch · capital discipline
Results
61
acceptable · quarterly consistency

Trust positives

  • Promoter holding is 56.3%.
  • Promoter pledge is zero.
  • FCF yield is positive at 1.5%.
  • 5 years of positive FCF.

Trust risks

  • 2 latest quarters had PAT decline worse than 25% YoY.
  • Debt/equity is 1.27.
  • ROCE trend is -3%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
27.00
P/B
3.12
EV/EBITDA
10.69
Market Cap
3042.00Cr

Profitability

ROE
10.50%
ROCE
8.97%
ROA
6.77%
Dividend Y
0.63%

Growth (CAGR)

Revenue 5Y
16.00%
EPS 5Y
17.00%
Revenue 3Y
3.00%
EPS 3Y
-8.00%

Balance Sheet

Debt/Equity
1.27
Interest Coverage
3.84×
Altman Z
2.91
Book Value
202.00

Cash Flow

FCF Yield
1.51%
FCF Positive Y
5/5
OCF
228.00 Cr
EPS TTM
35.07

Shareholding

Promoter Hold
56.33%
Promoter Pledge
0.00%
Momentum 52W
86%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in Auto, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.