Munish Forge Stock Performance
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Munish Forge Company background
Founded in: 1986
Managing director: Davinder K Bhasin
Munish Forge Limited was initially established by the Promoter, Mr. Davinder Bhasin, under the name of Gaisu Forge Private Limited with the main object in manufacturing forged components like cycle parts, electrical insulator parts and metalwork on July 25, 1986 with the Registrar of Companies, Punjab, Himachal Pradesh Chandigarh. The Company changed the name from Gaisu Forge Private Limited to Munish Forge Limited, transitioning from a private to a public entity, marking a significant milestone in growth by the addition of new products like Flange, further expanding its business operations on May 3, 1995. The Company restructured again and changed its status from a Limited Company to a Private Limited Company as Munish Forge Private Limited in 2002. Subsequently, Company was againconverted from a Private Limited to Public Limited and the name of the Company was changed from Munish Forge Private Limited to Munish Forge Limited and a Fresh Certificate of Incorporation was issued on December 17, 2024.At present, Company is engaged in manufacture of forging and casting components like Flanges, Scaffolding, Auto parts, tank tracks chains, bomb shells, fence post to Indian Army and various industries such as Defence, Oil and Gas, Tractor, Automobile, Construction and Infrastructure. As a key supplier to the Indian Army, it produces battle tank track chains and bomb shells. The Company has established itself as a trusted supplier in the Defence sector. Starting with a single machine shop, it has grown into a powerhouse, manufacturing critical components for the Indian Army, such as Battle Tank Track Chains and Bomb Shells. Starting from April 1, 2024, Munish achieved a significant milestone by initiating operations in its new casting division at Dev Arjuna Cast and Forge Private Limited (DACF) now known as Munish Forge Casting Division. This strategic expansion involved acquiring all plant and machinery from DACF and leasing its land to establish a casting facility. This move enabled Munish to venture into the production of intricate components, such as specialized track chains or JCB parts that are challenging to forge. With ongoing projects and approvals from Defence authorities, Company contribute to Indias Defense capabilities while serving clients across developed markets like the USA, UK, Canada, and Europe.Company is planning to launch an IPO by issuing 77,00,800 equity shares of Rs 10 each comprising a fresh issue of 63,56,800 equity shares and 13,44,000 equity shares through offer for sale.
Munish Forge Share Price Today
As of 4 Dec 2025, Munish Forge share price is ₹110.6. The stock opened at ₹109 and had closed at ₹109.1 the previous day. During today’s trading session, Munish Forge share price moved between ₹109.00 and ₹111.95, with an average price for the day of ₹110.47. Over the last 52 weeks, the stock has recorded a low of ₹100.50 and a high of ₹143.00. In terms of performance, Munish Forge share price has increased by 15.2% over the past six months and has declined by 0% over the last year.
Munish Forge Fundamental
Market Cap (in crs)
266.22
Face Value
10
Turnover (in lacs)
43.80
Key Metrics
Qtr Change %
15.2
Dividend yield 1yr %
0
Munish Forge Technical Analysis
Moving Averages Analysis
Moving Averages Analysis
110.6
Current Price
Day EMA5
109.80
Day EMA10
110.10
Day EMA12
110.50
Day EMA20
112.70
Day EMA26
115.00
EMA
EMA
EMA
Day SMA5
109.90
Day SMA10
109.00
Day SMA20
111.90
Day SMA30
117.60
SMA
SMA
SMA
SMA
Delivery & Volume
| Period | Combined Delivery Volume | NSE+BSE Traded Volume |
|---|---|---|
Day Rs | 25200 Rs | 39600 Rs |
Week Rs | 28080 Rs | 38880 Rs |
Month Rs | 56800 Rs | 78228 Rs |
Resistance & Support
110.52
Pivot
Resistance
First Resistance
112.03
Second Resistance
113.47
Third Resistance
114.98
Support
First Support
109.08
Second support
107.57
Third Support
106.13
Relative Strength Index
48.33
Money Flow Index
38.66
MACD
-4.24
MACD Signal
-4.77
Average True Range
6.76
Average Directional Index
16.20
Rate of Change (21)
-15.18
Rate of Change (125)
0.00
Munish Forge Peer comparison
Compare
| Index Name | Market Price | Market Cap | 52W Low | 52W High | Prev. Close | 1W Return | 1M Return | 6M Return | 1Y Return | 3Y Return | Dividend Yield | PE Ratio | Industry PE | PB Ratio |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
639.70 | 232.85 | 488.15 | 890 | 651.40 | -3.67% | -8.93% | -11.12% | 1.88% | 144.16% | 0.62% | 30.93 | 37.53 | 2.56 | |
489.95 | 251.90 | 435.3 | 745 | 492.75 | -1.52% | -5.23% | -24.92% | -29.36% | 219.39% | 0.61% | 22.02 | 37.53 | 2.86 | |
934.80 | 395.62 | 701.8 | 1375 | 957.00 | -5.45% | -9.07% | -1.83% | -25.86% | 137.02% | 0.64% | 18.19 | 37.53 | 2.85 | |
33.38 | 408.17 | 28.21 | 72.88 | 33.53 | -10.80% | -14.78% | -9.78% | -31.68% | 68.59% | 0.00% | 75.86 | 37.53 | 3.61 | |
119.55 | 464.00 | 100.2 | 148.7 | 123.40 | 4.23% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 28.40 | 37.53 | 3.82 | |
201.70 | 191.62 | 201.4 | 245.95 | 211.85 | -13.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 60.21 | 37.53 | 3.95 |
Munish Forge Share Price FAQs
How has Munish Forge shares performed in the past ?
Munish Forge share price in the past 1-year return was 0. The Munish Forge share hit a 1-year low of Rs. 100.5 and a 1-year high of Rs. 143.
What is the market cap of Munish Forge ?
The market cap of Munish Forge is Rs. 266.22 Cr. as of 3/12/2025.
What is the current P/E ratio of Munish Forge ?
The PE ratios of Munish Forge is 0 as of 3/12/2025.
What is the current PB ratio of Munish Forge ?
The PB ratios of Munish Forge is 2.34 as of 3/12/2025
How to buy Munish Forge shares?
You can easily buy Munish Forge shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.
What is the 52-week high and low of Munish Forge ?
The 52-week high and low of Munish Forge share price is ₹143 and ₹100.5 as of 3/12/2025.
Please be aware that Munish Forge stock prices are subject to continuous fluctuations due to various factors.
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