M M Forgings Ltd

MM Forgings Ltd is engaged in the manufacture of Steel Forgings.

  • Market Cap: 783.73 Cr.
  • Current Price: 324.65
  • 52 weeks High / Low 470.55 / 150.05
  • Book Value: 193.99
  • Stock P/E: 31.36
  • Dividend Yield: 1.54 %
  • ROCE: 8.38 %
  • ROE: 10.22 %
  • Sales Growth (3Yrs): 14.98 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has been maintaining a healthy dividend payout of 19.52%
Cons:
The company has delivered a poor growth of 7.67% over past five years.
Company might be capitalizing the interest cost

Peer comparison Sector: Castings, Forgings & Fastners // Industry: Castings & Forgings

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
141.81 152.06 199.55 200.57 224.47 244.55 234.32 214.30 179.18 176.15 157.65 76.40
112.57 120.50 160.94 160.36 181.05 198.22 191.02 173.86 146.62 146.31 135.30 69.42
Operating Profit 29.24 31.56 38.61 40.21 43.42 46.33 43.30 40.44 32.56 29.84 22.35 6.98
OPM % 20.62% 20.75% 19.35% 20.05% 19.34% 18.95% 18.48% 18.87% 18.17% 16.94% 14.18% 9.14%
Other Income 2.93 1.26 4.32 2.01 3.10 6.14 4.61 3.14 4.71 5.03 5.63 8.04
Interest 2.93 3.02 3.78 3.65 5.24 8.48 8.77 9.31 9.50 7.04 7.20 6.97
Depreciation 10.50 10.50 10.50 13.75 13.75 13.75 13.16 14.00 13.00 13.00 13.23 13.00
Profit before tax 18.74 19.30 28.65 24.82 27.53 30.24 25.98 20.27 14.77 14.83 7.55 -4.95
Tax % 25.93% 21.45% 4.47% 25.18% 22.70% 20.67% 32.56% 19.59% 17.74% 24.14% 13.51% 0.00%
Net Profit 13.87 15.16 27.37 18.57 21.28 23.99 17.52 16.30 12.15 11.25 6.54 -4.95
EPS in Rs 5.75 6.29 11.36 7.70 8.81 9.94 7.26 6.75 5.03 4.66 2.71 -2.05
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
214 164 272 350 361 411 503 502 478 621 904 727 589
175 136 218 290 303 331 392 394 386 496 731 602 498
Operating Profit 39 29 54 60 58 81 111 108 93 124 173 125 92
OPM % 18% 17% 20% 17% 16% 20% 22% 22% 19% 20% 19% 17% 16%
Other Income 1 1 10 7 0 2 2 5 11 12 16 19 23
Interest 9 6 6 6 7 8 9 8 10 13 26 33 31
Depreciation 16 12 20 23 21 36 35 36 39 42 54 53 52
Profit before tax 14 12 38 39 30 38 69 69 55 82 109 57 32
Tax % 28% 12% 22% 31% 19% 24% 26% 28% 21% 17% 25% 19%
Net Profit 10 10 30 27 24 29 51 50 43 69 81 46 25
EPS in Rs 4.12 4.20 12.09 10.85 9.90 12.01 20.73 20.79 17.94 28.43 33.70 19.15 10.35
Dividend Payout % 18% 17% 12% 14% 15% 16% 14% 14% 17% 18% 15% 26%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.03%
5 Years:7.67%
3 Years:14.98%
TTM:-35.77%
Compounded Profit Growth
10 Years:16.88%
5 Years:-1.76%
3 Years:2.12%
TTM:-68.40%
Stock Price CAGR
10 Years:18.10%
5 Years:3.76%
3 Years:-0.14%
1 Year:-20.85%
Return on Equity
10 Years:16.96%
5 Years:16.52%
3 Years:16.37%
Last Year:10.22%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
12 12 12 12 12 12 12 12 12 12 24 24
Reserves 83 92 117 140 160 184 226 268 303 357 412 444
Borrowings 111 114 129 154 146 151 190 214 224 381 688 566
17 24 26 34 46 31 45 45 51 86 93 105
Total Liabilities 224 242 285 340 363 378 473 538 589 836 1,217 1,140
113 130 146 188 196 200 225 262 320 365 588 653
CWIP 25 22 2 3 4 7 11 30 14 27 39 9
Investments 0 0 0 0 0 0 0 0 0 4 5 5
86 90 138 149 164 171 237 245 255 440 585 473
Total Assets 224 242 285 340 363 378 473 538 589 836 1,217 1,140

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
23 27 -7 48 57 35 106 123 107 -14 33 267
-41 -15 -5 -59 -30 -40 -63 -86 -69 -93 -275 -71
18 -7 7 11 -28 6 21 -5 -25 137 249 -194
Net Cash Flow -0 5 -5 0 -0 1 64 32 13 30 8 2

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 8% 14% 13% 12% 13% 20% 17% 13% 15% 14% 8%
Debtor Days 29 64 57 24 34 26 21 11 13 33 32 6
Inventory Turnover 2.93 2.57 2.82 2.58 2.56 2.99 3.31 3.38 3.55 3.31 3.12 2.56

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
56.41 56.41 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34 56.34
0.00 0.25 1.08 1.12 1.19 1.15 1.20 1.41 1.61 1.65 1.66 0.30
16.97 18.06 19.16 19.92 19.85 21.28 21.58 21.63 21.53 21.69 21.93 21.85
26.63 25.28 23.42 22.62 22.62 21.23 20.89 20.63 20.53 20.32 20.07 21.52