MM Forgings quarterly results and financials

MM Forgings (MMFL)₹652.40−2.51%(9 Nov 2026 close)Auto Components & Equipments

Key facts

In the Jun 2026 quarter (consolidated), MM Forgings reported sales of ₹421 Cr, up 16.0% from Jun 2025, and net profit of ₹90.23 Cr, up 373.9% year on year. For the year to Mar 2026, sales were ₹1,594 Cr and net profit ₹99.17 Cr.

Sales (Jun 2026): ₹421 Cr
Net profit (Jun 2026): ₹90.23 Cr
Sales (FY Mar 2026): ₹1,594 Cr
Net profit (FY Mar 2026): ₹99.17 Cr
EPS (Jun 2026): ₹18.75
Borrowings (Mar 2026): ₹1,235 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

MM Forgings quarterly results

₹ crore unless stated; each column is a quarter.

MM Forgings Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	398	400	399	383	399	375	372	363	386	415	431	421
Expenses	322	323	320	309	321	301	298	298	318	344	349	346
Operating Profit	74.81	74.86	77.82	72.78	76.81	72.79	72.86	62.86	66.82	68.81	80.83	74.82
OPM %	19.0%	19.0%	20.0%	19.0%	19.0%	20.0%	20.0%	18.0%	17.0%	17.0%	19.0%	18.0%
Other Income	5.01	6.01	6.01	6.01	7.01	4.01	6.01	8.01	4.01	3.01	1.01	63.01
Interest	8.99	10.98	12.98	14.97	15.99	14.99	13.97	17.96	20.96	19.99	17.98	15.99
Depreciation	21.01	21.03	20.04	22.04	23.04	23.02	26.04	25.05	24.03	26.02	28.05	30.06
Profit before tax	50.21	49.22	50.21	42.15	45.15	39.14	40.12	28.12	25.10	26.09	35.12	91.37
Tax %	29.1%	31.1%	27.1%	29.1%	29.1%	31.1%	17.1%	31.1%	34.1%	33.1%	−25.9%	1.0%
Exceptional items	1.01	0.00	1.01	0.00	0.00	0.00	0.00	0.00	0.00	1.01	0.00	56.14
Net Profit	35.08	34.11	37.12	30.07	32.08	27.07	33.07	19.04	17.04	18.04	45.08	90.23
EPS (Rs)	7.35	6.95	7.63	6.24	6.62	5.51	6.90	3.98	3.44	3.65	9.28	18.75

MM Forgings profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

MM Forgings Profit and loss
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	640	936	771	754	1,142	1,465	1,566	1,528	1,594	1,652
Expenses	509	759	637	623	931	1,189	1,271	1,229	1,310	1,357
Operating Profit	130	175	132	129	208	272	292	295	279	291
OPM %	20.0%	19.0%	17.0%	17.0%	18.0%	19.0%	19.0%	19.0%	18.0%	17.6%
Other Income	4.01	8.01	19.03	20.02	15.99	12.01	22.01	23.01	16.01	71.04
Interest	12.97	31.96	37.96	31.94	27.97	29.98	41.93	59.88	77.92	74.92
Depreciation	46.06	58.03	60.11	65.08	68.13	79.07	83.17	93.14	103	108
Profit before tax	74.23	93.39	53.19	52.23	130	178	190	167	115	178
Tax %	18.1%	29.1%	21.1%	11.1%	29.1%	28.1%	29.1%	26.1%	14.1%	—
Exceptional items	−6.02	−6.02	0.00	2.01	1.01	0.00	1.01	0.00	1.01	57.15
Net Profit	61.11	66.14	42.07	46.09	91.27	128	135	123	99.17	170
EPS (Rs)	12.58	13.57	8.69	9.55	18.86	26.50	28.00	25.56	20.46	35.12
Dividend payout %	20.1%	18.1%	29.1%	26.1%	16.1%	11.1%	14.1%	16.1%	20.1%	—

MM Forgings balance sheet

₹ crore, at each year end.

MM Forgings Balance sheet
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12.02	24.02	24.02	24.04	24.04	24.04	24.04	48.12	48.08
Reserves	352	404	432	464	537	651	767	847	930
Borrowings	385	688	566	532	685	756	931	1,187	1,235
Other Liabilities	90.43	104	114	231	171	233	250	272	287
Total Liabilities	839	1,219	1,135	1,252	1,417	1,664	1,973	2,355	2,500
Fixed Assets	406	651	713	676	709	804	915	965	1,101
CWIP	27.08	39.14	13.04	17.06	36.09	63.24	124	384	336
Investments	3.01	3.01	3.01	3.01	22.09	22.09	23.08	4.02	10.05
Other Assets	403	525	407	554	649	775	910	1,001	1,054
Inventories	127	195	136	179	204	306	346	343	335
Trade receivables	63.01	90.01	21.02	116	157	197	276	353	419
Cash & equivalents	165	173	177	189	228	220	211	219	226
Total Assets	839	1,219	1,135	1,252	1,417	1,664	1,973	2,355	2,500

MM Forgings cash flow

₹ crore, for each year.

MM Forgings Cash flow
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	4.01	27.07	284	20.04	150	160	149	183	229
Cash from investing activity	−86.23	−301	−78.19	−11.02	−126	−187	−233	−359	−182
Cash from financing activity	112	281	−203	3.01	14.03	16.02	77.14	185	−38.09
Net cash flow	30.03	7.99	2.99	12.01	39.01	−9.99	−6.01	8.01	8.01
Capex	103	316	97.28	32.08	113	201	255	404	190
Free cash flow	−88.64	−287	188	−8.98	39.85	−39.85	−102	−220	39.84
CFO / OP %	18.0%	30.0%	221.0%	19.9%	85.0%	73.9%	62.0%	81.0%	87.0%

MM Forgings ratios

Working-capital days and returns, by year.

MM Forgings Ratios
	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	36	35	10	56	50	49	64	85	96
Inventory days	179	169	141	191	148	164	177	189	172
Days payable	92	50	82	108	79	89	82	95	103
Cash conversion cycle	120	152	67	138	117	122	157	177	164
Working capital days	−41	−12	−62	59	−26	−26	−21	−15	−19
ROCE %	—	13.9%	8.9%	8.0%	13.9%	15.0%	14.9%	12.0%	8.9%

MM Forgings: frequently asked questions

What are the latest quarterly results of MM Forgings?

For the Jun 2026 quarter, MM Forgings reported sales of ₹421 Cr, up 16.0% year on year and net profit of ₹90.23 Cr, up 373.9% year on year. The operating margin was 18.0%.

What is the annual revenue of MM Forgings?

MM Forgings' sales for the year to Mar 2026 were ₹1,594 Cr; over the last twelve months they were ₹1,652 Cr.

What is the net profit of MM Forgings?

Net profit for the year to Mar 2026 was ₹99.17 Cr, and ₹170 Cr over the last twelve months. Earnings per share over the same trailing period were ₹35.12.

How much debt does MM Forgings have?

MM Forgings reported borrowings of ₹1,235 Cr at Mar 2026, against cash and equivalents of ₹226 Cr.

What is the free cash flow of MM Forgings?

Cash from operations was ₹229 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹39.84 Cr.

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