M M Forgings Ltd (MMFL) Share Price & Fundamentals

What we do

M M Forgings Ltd manufactures steel forgings for critical automotive and industrial applications including commercial vehicles and tractors.

Founded in

1,946

Market share

A leading Indian forging company with over 26,500 tonnes capacity and strong presence in domestic and export markets.

Problem solved

Provides high-quality forged steel components to enhance durability and performance in automotive and industrial sectors.

Top clients or who we serve

Serves OEMs like Ashok Leyland, BEML, BHEL; operates primarily in B2B automotive and heavy engineering sectors.

Key management

Vidyashankar Krishnan, Chairman and Managing Director, leads with decades of industry expertise.

Our journey and innovations

Public since 1975, expanded forging capacity and entered EV components via subsidiaries; ISO and TS certified with Japanese tech collaboration.

Where we operate

Operations across India; exports cover US, Europe, South America and other regions.

Top products or what we offer

Carbon and alloy steel forgings, machined components mainly for commercial vehicles, tractors, earth-moving equipment.

Top brands

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Raw materials needed

Steel billets, alloys for forging productions.

Raw materials supplier

Suppliers vary; raw material costs are aligned to international steel prices.

Recurring vs cyclical contribution

Revenues are mostly cyclical, linked to automotive and industrial demand cycles.

Our industry position

Among top forging specialists in India with growing export and domestic footprint.

Financial highlights

FY25 revenue approximately ₹1525 crore with net profit around ₹122 crore; steady EBITDA above ₹320 crore.

Geographical revenue split

FY25 exports contributed 38.5%, with 61.5% domestic revenue.

Order book

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Whats driving growth

Demand in commercial vehicles, infrastructure growth, diversification into EV sector and export expansion.

Our future plans

Capacity expansion, new product launches in EV space, focus on cost control and green energy.

Our green promise

Operates renewable wind farms; committed to energy conservation and pollution control.

Our people and values

Over 4,000 employees with focus on safety, skill development and inclusive work culture.

Key challenges ahead

Global economic volatility, raw material price fluctuations, geopolitical tensions and competitive pressures.

Interesting facts

Operates one of the world's largest 16500Ton hot forging mechanical press.

Risks and strategy

Mitigates cyclical risks through product diversification, geography, and strict financial controls.