# MM Forgings (NSE: MMFL) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/MMFL · Pivot · prices to 21 Oct 2026

MM Forgings (NSE: MMFL) closed at ₹487.30 on 21 Oct 2026. With a market capitalisation of ₹2,429 Cr, it ranks 1072nd by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Capital Goods sector; its industry is Metal Fabrication.

At its last close the stock traded at 24.6× trailing earnings, against a return on equity of 10.1% in FY26. Over the past year the share price has risen 61.3%. Its 52-week range is ₹288.10 (21 Oct 2025) to ₹687.95 (18 Aug 2026); the last close is 29.2% below the high. Promoters held 56.34% of the company as of 30 Jun 2026.

## Key numbers

| Metric | Value |
| --- | --- |
| Last close | ₹487.30 |
| Market cap | ₹2,429 Cr |
| P/E (trailing) | 24.6 |
| ROE | 10.1% (FY26) |
| ROCE | 11.8% (FY26) |
| Debt to equity | 1.1 |
| 52-week high | ₹687.95 (18 Aug 2026) |
| 52-week low | ₹288.10 (21 Oct 2025) |
| 1-year return | +61.3% |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹1,525 Cr | ₹122 Cr |
| FY24 | ₹1,563 Cr | ₹135 Cr |
| FY23 | ₹1,462 Cr | ₹128 Cr |
| FY22 | ₹1,140 Cr | ₹91 Cr |
| FY21 | ₹783 Cr | ₹47 Cr |
| FY20 | ₹769 Cr | ₹42 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 56.34%
- Foreign institutions: 2.44%
- Domestic institutions: 7.49%
- Non-institutions: 33.73%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Ujaas Energy](https://app.pivotnow.in/stock/UEL) | ₹186.68 | ₹2,490 Cr | — | — |
| [Modern Insulato](https://app.pivotnow.in/stock/MODINSU) | — | ₹2,446 Cr | — | — |
| [Gateway Distriparks](https://app.pivotnow.in/stock/GATEWAY) | ₹48.90 | ₹2,443 Cr | 9.6 | — |
| [Sundaram Clayton](https://app.pivotnow.in/stock/SUNCLAY) | ₹1,092.50 | ₹2,409 Cr | 9.5 | — |
| [Bluspring Enterprises](https://app.pivotnow.in/stock/BLUSPRING) | ₹160.00 | ₹2,391 Cr | — | — |
| [Yash Highvoltag](https://app.pivotnow.in/stock/YASHHV) | — | ₹2,389 Cr | — | — |

## Questions and answers

### What is the share price of MM Forgings today?

MM Forgings (NSE: MMFL) last closed at ₹487.30 on 21 Oct 2026. Its 52-week high is ₹687.95 and its 52-week low is ₹288.10.

### What is the market cap of MM Forgings?

MM Forgings' market capitalisation is ₹2,429 Cr (₹2,429 Cr) at the 19 Oct 2026 close, ranking 1072nd among the NSE companies Pivot tracks.

### What is the P/E ratio of MM Forgings?

MM Forgings trades at a trailing P/E of 24.6.

### What is the ROE and ROCE of MM Forgings?

Return on equity was 10.1% in FY26 and return on capital employed was 11.8% in FY26 (consolidated figures).

### Is MM Forgings a debt-free company?

No. MM Forgings' debt-to-equity ratio was 1.1 in FY26, with total debt of ₹596 Cr.

### How has MM Forgings stock performed over the last year?

MM Forgings' share price has risen 61.3% over the past year, −5.6% over three months and −18.5% over one month, to the 19 Oct 2026 close.

### What is the shareholding pattern of MM Forgings?

As of 30 Jun 2026: promoters 56.34%, foreign institutions 2.44%, domestic institutions 7.49%, non-institutions 33.73%.

### Who are MM Forgings' competitors?

The listed Capital Goods companies closest to MM Forgings by market cap are Ujaas Energy, Modern Insulato, Gateway Distriparks, Sundaram Clayton, Bluspring Enterprises and Yash Highvoltag.

### Is MM Forgings a good stock to buy?

Pivot does not give buy or sell recommendations. This page sets out MM Forgings' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on MMFL against its own history before risking money. This is analysis, not financial advice.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.