ScoreWhy is MM Forgings Ltd. ?
1
Healthy long term growth as Operating profit has grown by an annual rate 37.98%
2
The company has declared Negative results for the last 7 consecutive quarters
- PAT(Latest six months) At Rs 34.14 cr has Grown at -41.60%
- INTEREST(Latest six months) At Rs 41.58 cr has Grown at 30.14%
- ROCE(HY) Lowest at 9.34%
3
Stock is technically in a Mildly Bullish range
- Multiple factors for the stock are Bullish like MACD, Bollinger Band and OBV
4
With ROCE of 9.3, it has a Attractive valuation with a 1.7 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 24.13%, its profits have fallen by -30.9%
5
Majority shareholders : Promoters
6
Market Beating Performance
- The stock has generated a return of 24.13% in the last 1 year, much higher than market (BSE500) returns of 0.10%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to MM Forgings should be less than 10%
- Overall Portfolio exposure to Auto Components & Equipments should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is MM Forgings for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
MM Forgings
112.11%
0.54
44.34%
Sensex
-1.65%
-0.49
12.94%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
15.91%
EBIT Growth (5y)
20.96%
EBIT to Interest (avg)
4.45
Debt to EBITDA (avg)
3.29
Net Debt to Equity (avg)
0.87
Sales to Capital Employed (avg)
0.89
Tax Ratio
14.21%
Dividend Payout Ratio
19.57%
Pledged Shares
0
Institutional Holding
9.93%
ROCE (avg)
13.01%
ROE (avg)
15.19%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
32
Industry P/E
52
Price to Book Value
3.26
EV to EBIT
22.80
EV to EBITDA
14.40
EV to Capital Employed
2.21
EV to Sales
2.54
PEG Ratio
NA
Dividend Yield
0.61%
ROCE (Latest)
9.69%
ROE (Latest)
10.03%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend11What is working for the Company
NET SALES(Q)
Highest at Rs 429.66 cr
PBDIT(Q)
Highest at Rs 80.80 cr.
PBT LESS OI(Q)
Highest at Rs 34.77 cr.
PAT(Q)
Highest at Rs 44.74 cr.
EPS(Q)
Highest at Rs 9.27
-4What is not working for the Company
INTEREST(9M)
At Rs 59.89 cr has Grown at 26.24%
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.45 times
Loading Valuation Snapshot...
Here's what is working for MM Forgings
Profit After Tax (PAT) - Quarterly
At Rs 44.74 cr has Grown at 106.6% (vs previous 4Q average)
over average PAT of the previous four quarters of Rs 21.66 CrMOJO Watch
Near term PAT trend is very positive
PAT (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 34.77 cr has Grown at 42.6% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 24.39 CrMOJO Watch
Near term PBT trend is very positive
PBT less Other Income (Rs Cr)
Net Sales - Quarterly
Highest at Rs 429.66 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 80.80 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 34.77 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 44.74 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 9.27
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
Here's what is not working for MM Forgings
Debtors Turnover Ratio- Half Yearly
Lowest at 3.45 times and Fallen
each half year in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
Interest - Nine Monthly
At Rs 59.89 cr has Grown at 26.24%
over preceding nine months periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (Rs cr)
