M M Forgings Limited (MMFL) Fair Value & Analysis
Industrials · IN · Market cap ₹23.5B
Fair value as of: Jul 3, 2026
From 16 valuation models · updated today
Share price +15.3% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹295.42 – ₹502.10 · fair‑value band ₹258.70 – ₹480.44 · the ₹502.10 price screens above the ₹369.57 fair value. As of Jul 3, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
M M Forgings Limited (MMFL) currently trades at ₹502.10, while our model-based Fair Value estimate is ₹369.57 — implying the stock looks roughly 26.4% overvalued today. We read business quality at 54/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, M M Forgings Limited generated revenue of ₹15.9B at a net margin of 6.2%. Revenue grew 15.9% year over year. It earns a return on equity of 10.5%. Net debt stands at ₹8.5B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also provides yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. 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.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
M M Forgings Limited reported revenue of ₹15.9B in FY2026 versus ₹11.4B in FY2022, a compound +8.7%/yr. Reported net income was ₹981M in FY2026, compounding +1.9%/yr from FY2022.
Is MMFL fairly valued? → Check now
Similar stocks
6 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ATI Inc ATI | $204.09 | $36.39 | -82% |
| Carpenter Technology Corporation CRS | $492.62 | $82.57 | -83% |
| Mueller Industries, Inc MLI | $139.51 | $120.61 | -14% |
| Aurubis AG NDA | €216.20 | €116.94 | -46% |
| Commercial Metals Company CMC | $73.57 | $28.97 | -61% |
| China International Marine Containers (Group) Co 000039 | ¥8.98 | ¥6.57 | -27% |
Explore undervalued stocks
More undervalued Industrials stocks →
Frequently asked questions
Is M M Forgings Limited (MMFL) undervalued?
What is the fair value of MMFL?
What is the quality score of MMFL?
What is the revenue of M M Forgings Limited (MMFL)?
What is the net profit margin of MMFL?
Does M M Forgings Limited pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.