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MM Forgings Ltd.

BSE: 522241 | NSE: MMFL | Series: NA | ISIN: INE227C01017 | SECTOR: Castings & Forgings

BSE Live

Aug 10, 16:00
237.95 4.40 (1.88%)
Volume
AVERAGE VOLUME
5-Day
8,761
10-Day
5,208
30-Day
4,284
18,304
  • Prev. Close

    233.55

  • Open Price

    238.80

225.60

Today’s L/H

244.30
151.00

52 Wk L/H

470.55
186.85

L/U Price Band

280.25
  • Bid Price (Qty.)

    237.95 (391)

  • Offer Price (Qty.)

    237.95 (109)

  •  VWAP

    237.62
     Beta
    0.81
  • Market Depth (10 Aug 2020)

    BUYSELL
    QTY PRICE PRICE QTY
    60 235.30 237.95 85
    60 234.55 238.00 24
    1 233.95 238.70 300
    1 233.00 240.00 11842
    20 232.10 240.15 450
    3813 Total Total 12287
     Market Depth
    BUY 3813.00
    SELL 12.29 K
    24%
    76%

NSE Live

Aug 10, 15:59
238.45 4.45 (1.90%)
Volume
AVERAGE VOLUME
5-Day
50,217
10-Day
36,169
30-Day
27,451
53,939
  • Prev. Close

    234.00

  • Open Price

    242.60

225.80

Today’s L/H

244.10
150.05

52 Wk L/H

470.10
187.20

L/U Price Band

280.80
  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    238.45 (152)

  •  VWAP

    237.77
     Beta
    0.86
  • DELIVERY AVERAGES
    3-Day
    61.86%
    5-Day
    61.91%
    8-Day
    60.79%
    Deliverables
  • SMA
    30
    195.39
    50
    189.37
    150
    257.78
    200
    286.13
    SMA
    195.39
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Charts

  • Open : -
  • High : -
  • Low -
  • Close: -
  • Volume -

TECHNICAL ANALYSIS

TECHNICAL RATING
Bullish
Moving Averages Bullish
Technical Indicators Bullish
Moving Averages Crossovers Bullish
Pivot levels
Type R1 R2 R3 PP S1 S2 S3
Classic 246.43 254.42 264.73 236.12 228.13 217.82 209.83
Fibonacci 243.11 247.43 254.42 236.12 229.13 224.81 217.82
Camarilla 240.13 241.80 243.48 236.12 236.77 235.10 233.42

Note : Support and Resistance level for the day, calculated based on price range of the previous trading day.

SIMPLE MOVING AVERAGES
Days NSE
5 218.45
10 204.14
20 198.82
50 189.37
100 185.02
200 286.13
Pivot levels

Note : Support and Resistance level for the day, calculated based on price range of the previous trading day.

Pivot levels

Type R1 R2 R3 PP S1 S2 S3
Classic 256.87 279.73 315.27 221.33 198.47 162.93 140.07
Fibonacci 243.64 257.42 279.73 221.33 199.02 185.24 162.93
Camarilla 239.35 244.71 250.06 221.33 228.65 223.29 217.94

Note : Support and Resistance level for the week, calculated based on price range of the previous trading week.

SIMPLE MOVING AVERAGES
Pivot levels

Note : Support and Resistance level for the week, calculated based on price range of the previous trading week.

Pivot levels
Type R1 R2 R3 PP S1 S2 S3
Classic 205.47 225.83 239.82 191.48 171.12 157.13 136.77
Fibonacci 204.61 212.71 225.83 191.48 178.36 170.26 157.13
Camarilla 188.25 191.40 194.55 191.48 181.95 178.80 175.65

Note : Support and Resistance level for the month, calculated based on price range of the previous trading month.

SIMPLE MOVING AVERAGES
Pivot levels

Note : Support and Resistance level for the month, calculated based on price range of the previous trading month.

Valuation

    • Market Cap (Rs Cr.)
      574.43
    • P/E
      23.04
    • Book Value (Rs)
      194.86
    • Dividend (%)
      50.00
    • Market Lot
      1
    • Industry P/E
      34.65
    • EPS (TTM)
      10.35
    • P/C
      7.36
    • Price/Book
      1.22
    • Dividend Yield.(%)
      2.10
    • Face Value (RS)
      10.00
    • Deliverables (%)
      DELIVERY AVERAGES (%)
      3-Day
      61.86
      5-Day
      61.91
      8-Day
      60.79
      40.63

* Note - P.E (TTM) is displayed only when latest 4 quarter results are positive.

    • Market Cap (Rs Cr.)
      574.43
    • P/E
      30.97
    • Book Value (Rs)
      189.35
    • Dividend (%)
      50.00
    • Market Lot
      1
    • Industry P/E
      34.65
    • EPS (TTM)
      7.70
    • P/C
      7.35
    • Price/Book
      1.26
    • Dividend Yield.(%)
      2.10
    • Face Value (RS)
      10.00
    • Deliverables (%)
      DELIVERY AVERAGES (%)
      3-Day
      61.86
      5-Day
      61.91
      8-Day
      60.79
      40.63

* Note - P.E (TTM) is displayed only when latest 4 quarter results are positive.

Forum

Community Sentiments

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Action in MM Forgings Ltd.

  • Technicals

    MM Forgings closes above 30-Day Moving Average of 191.00 today.

    Aug 04

  • Technicals

    MM Forgings closes above 50-Day Moving Average of 174.06 today.

    Jun 17

  • Technicals

    MM Forgings closes below 50-Day Moving Average of 173.87 today.

    Jun 15

  • Technicals

    MM Forgings closes above 50-Day Moving Average of 174.74 today.

    Jun 05

  • Technicals

    MM Forgings closes above 30-Day Moving Average of 171.76 today.

    Jun 02

  • 52 Week Low

    MM Forgings has hit 52wk low of Rs 150.05 on NSE

    May 26, 09:34

  • 52 Week Low

    MM Forgings has hit 52wk low of Rs 150.20 on NSE

    May 22, 09:18

  • 52 Week Low

    MM Forgings has hit 52wk low of Rs 153.25 on NSE

    May 21, 10:00

  • 52 Week Low

    MM Forgings has hit 52wk low of Rs 158.00 on NSE

    May 20, 09:40

  • Dividend

    MM Forgings Dividend, Interim Dividend 50.00%, Announcement date: Mar 09, 2020, Record date: Mar 20, 2020, Ex-Div: Mar 19, 2020

    Mar 18, 11:00

  • Technicals

    MM Forgings closes above 50-Day Moving Average of 397.72 today.

    Feb 26

  • Technicals

    MM Forgings closes below 50-Day Moving Average of 399.63 today.

    Feb 21

  • Technicals

    MM Forgings closes below 50-Day Moving Average of 399.63 today.

    Feb 20

  • Technicals

    MM Forgings closes above 50-Day Moving Average of 398.31 today.

    Feb 19

  • Technicals

    MM Forgings closes below 30-Day,200-Day Moving Average today.

    Feb 13

  • Technicals

    MM Forgings closes above 200-Day Moving Average of 428.25 today.

    Jan 28

  • Technicals

    MM Forgings closes above 150-Day Moving Average of 400.49 today.

    Jan 13

  • Technicals

    MM Forgings closes above 50-Day Moving Average of 371.23 today.

    Dec 27

  • Technicals

    MM Forgings closes above 30-Day Moving Average of 356.87 today.

    Dec 26

  • 52 Week Low

    MM Forgings has hit 52wk low of Rs 325.75 on NSE

    Dec 10, 12:36

Pre-Opening Session Prices9:00 am - 9:15 am

BSE - No shares traded

NSE

Aug 11, 09:15
242.60 8.60 (3.68%)
High 242.60
Low 234.50
Prev. Close 234.00

Financials

(Rs. Cr)
Quarterly JUN 2020 MAR 2020 DEC 2019 SEP 2019 JUN 2019
Sales
80.83 168.51 188.14 188.67 223.85
Other Income
8.09 5.69 5.03 4.71 3.14
Total Income
88.92 174.20 193.17 193.38 226.99
Total Expenditure
88.89 161.88 170.15 167.99 196.34
EBIT
0.04 12.33 23.03 25.40 30.65
Interest
8.02 8.25 8.13 10.59 11.32
Tax
-- 1.02 3.58 2.62 3.97
Net Profit
-7.98 3.06 11.32 12.19 15.36

Historical Prices

On
Current Price %Gain / Loss
Open Price 367.00 238.80
-34.93
High Price 374.50 244.30
-34.77
Low Price 355.65 225.60
-36.57
Close Price 365.00 233.55
-36.01
Volume 119 18,304
15281.51
On
Current Price %Gain / Loss
Open Price 361.50 242.60
-32.89
High Price 400.00 244.10
-38.98
Low Price 354.40 225.80
-36.29
Close Price 366.80 234.00
-36.21
Volume 3,005 53,939
1694.98
Click Here to view the Open, High, Low, Close, Volume and Historic data for
Index Price Change %Chg
NIFTY 50 11270.20 56.20 0.50
SENSEX 38182.08 141.51 0.37
NIFTY BANK 21900.25 146.25 0.67
NIFTY IT 18159.55 155.35 0.86
S&P BSE Smallcap 13869.08 200.39 1.47
Index Price Change %Chg
Nikkei 225 (Aug 11) 22,616.21 286.27 1.28
KOSPI (Aug 11) 2,407.36 20.98 0.88
Straits Times (Aug 11) 2,553.70 8.19 0.32
Nasdaq (Aug 11) 10,968.36 -42.62 -0.39
SGX Nifty (Aug 11) 11,325.50 6.50 0.06

CORPORATE ACTION

Date Agenda
Jul 29, 2020 Audited & Quarterly Results
Mar 09, 2020 Interim Dividend
Feb 13, 2020 Quarterly Results
Nov 09, 2019 Quarterly Results
Nov 07, 2019 Quarterly Results
Type Dividend% Ex-Dividend date
Interim 50.00 Mar 19, 2020
Interim 25.00 Jun 07, 2019
Interim 25.00 Feb 22, 2019
Interim 50.00 Jun 07, 2018
Interim 50.00 Dec 05, 2017
Ratio Announcement Date Ex-Bonus
1:1 May 28, 2018 Jul 18, 2018
1:1 Jul 25, 2008 Sep 26, 2008
1:1 Dec 13, 2004 Feb 16, 2005
Old FV New FV Ex-Split
No Splits Information is available for MM Forgings
Ratio Premium Ex-Bonus
No Rights Information is available for MM Forgings
Date Agenda
Aug 29, 2019 (Revised)
Jul 11, 2018 -
Sep 26, 2017 -
Sep 06, 2016 -
Aug 26, 2015 -

Dividend Summary

For the year ending March 2020 MM Forgings has declared an equity dividend of 50.00% amounting to Rs 5 per share. At the current share price of Rs 238.45 this results in a dividend yield of 2.1%.

The company has a good dividend track report and has consistently declared dividends for the last 5 years.

SHARE HOLDING PATTERN & MUTUAL FUND HOLDING

Share Holding Pattern in (%)

Standalone June 2020 March 2020 December 2019 September 2019
Promoters 56.34 56.34 56.34 56.34
Pledged 0 0 0 0
FII/FPI 0.3 1.66 1.65 1.61
Total DII 24.55 24.79 24.61 24.55
Fin.Insts 0 0.01 0 0.01
Insurance Co 0 0 0 0
MF 21.64 21.72 21.48 21.32
Others DIIs 2.91 3.06 3.13 3.22
Others 18.82 17.22 17.4 17.51
Total 100.01 100.01 100 100.01

PEERS COMPARISON

Company Name Last Price % Change 52 Wk High 52 Wk Low Market Cap Sales Qtr Net Profit Qtr
MM Forgings 237.95 1.88 470.55 151.00 574.43 727.29 46.24
Mahindra CIE 111.05 1.69 184.30 59.05 4208.91 2,894.52 172.26
RamkrishnaForge 181.70 -0.06 448.20 135.45 585.98 1,111.82 9.61
PTC Industries 497.10 -16.75 620.00 223.00 260.43 168.13 10.51
Steelcast 90.00 0.00 137.65 63.00 182.16 200.59 7.98

COMPANY OVERVIEW

M.M. Forgings Limited engages in the manufacture and sale of iron and steel forgings in India. The company offers steel forgings in raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro alloy, and stainless steels in the weight of 0.20 Kg to 60 Kg. It also manufactures closed die forgings and exports its forgings primarily to OEMs in the North American and the European markets. The company was formerly known as Madras Motors Limited and changed its name to M.M. Forgings.

COMPANY INFORMATION

  • Registered Office

  • Registrars

  • Management

    • Name

      Designation

    • N Srinivasan

      Chairman

    • Vidyashankar Krishnan

      Vice Chairman & Mng.Director

    • K Venkatramanan

      Joint Managing Director

    • Kavitha Vijay

      Director

    • V Vaidyanathan

      Director

  • Listing

    Whether The Company Forms A Part Of The Following Indices -
    • Sensex

      No

    • Nifty

      No

    • Bse-100

      No

    • Bse-200

      No

    • S&P CNX 500

      No

    • CNX Midcap

      No

About MM Forgings Ltd.

MM Forgings is in the Castings & Forgings sector.

It is listed on the BSE with a BSE Code of 522241 and the NSE with an NSE Code of MMFL.

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