M M Forgings Share Price

MM Forgings Limited (Formerly known Madras Motors Private Limited) was incorporated in 1946. The Company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The Companys name was changed to M M Forgings Limited in April, 1993. It is presently promoted by S Lakshman and S R Subramanian.The Company is engaged in the manufacture of Steel Forgings. The plants for manufacture are located at Singampunari Sivagangai District, Viralimalai Pudukkottai District and Karanaithangal Village, Kanchipuram District, all within the state of Tamil Nadu. The Company has its machining plant in Kursi Road, Barabanki situated in the state of Uttar Pradesh.The company manufactures carbon and alloy steel forgings with individual forging pieces weighing between 15 kg and 60 kg at its two forging units at Singampunari, Madurai district, and Viralimalai, Trichy district, (combined capacity : 15,000 tpa) both in Tamilnadu. The companys products form important inputs for various critical components in the automobile, tractor, earthmoving, power, material handling, oil, railway and core engineering industries. The companys clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 199495, the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity.During 2001, the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras Ltd,The production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 200304.Machining capacity has also been substantially increased in line with changing customer demand.The Company acquired majority stake in the subsidiary Company, DVS Industries Private Limited during the financial year 201718 and DVS Industries was made wholly owned subsidiary company in FY 201819. The Company acquired Cafoma Autoparts Pvt. Ltd. on 15th October 2021 and was made a wholly owned subsidiary Company. Suvarchas Vidyut Pvt Ltd. was incorporated as a wholly owned subsidiary of the Company on 31st March 2022.In FY 202324, the Companys wholly owned subsidiary, Cafoma Autoparts Private Limited (Cafoma) has amalgamated with the Company from April 1, 2024 through the Scheme of Amalgamation, which is made effective on 27 May, 2024.

As of , M M Forgings share price is ₹375.8. The stock opened at ₹372.7 and had closed at ₹372.7 the previous day. During today’s trading session, M M Forgings share price moved between ₹370.10 and ₹378.00, with an average price for the day of ₹374.05. Over the last 52 weeks, the stock has recorded a low of ₹303.00 and a high of ₹665.80. In terms of performance, M M Forgings share price has declined by 19.4% over the past six months and has declined by 41.49% over the last year.