M M Forgings Ltd


BSE: 522241 | NSE: MMFL | ISIN: INE227C01017 
Market Cap: [Rs.Cr.] 164 | Face Value: [Rs.] 10
Industry: Castings & Forgings

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Company Profile

Incorporated in 1946 Madras Motors Pvt Ltd, the company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The company changed to its present name, M M Forgings on 1 Apr.'93. It was promoted by S E Krishnan and S R Subramanian. 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 company's products form important inputs for various critical components in the automobile, tractor, earth-moving, power, material handling, oil, railway and core engineering industries. The company's clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 1994-95, 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 2003-04.Machining capacity has also been substantially increased in line with changing customer demand.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Bharat Forge 10,002.25 30.21 4.33 7.78 13.7 14.2 0.87
AIA Engg. 5,707.04 20.62 5.27 10.50 16.6 22.6 0.09
Mahindra CIE 1,069.30 39.39 1.19 5.29 4.2 4.2 0.06
Electrost.Cast. 873.25 8.88 0.48 8.59 4.7 5.6 1.16
Jayaswal Neco 617.25 13.39 0.34 8.19 1.9 6.5 1.34
Ahmednagar Forg. 572.75 3.86 0.63 4.82 16.3 12.4 1.64
Ramkrishna Forg. 375.71 91.11 1.27 5.91 5.0 10.8 0.99
Hinduja Foundrie 282.25 0.00 -2.43 0.00 0.0 0.0 10.83
Nelcast 181.83 7.52 0.72 6.19 5.6 7.1 0.35
M M Forgings 163.55 6.04 0.95 3.99 15.1 11.9 0.92
Steelcast 57.76 3.92 0.75 3.47 28.8 22.7 1.47
Kalyani Forge 56.38 12.78 0.57 3.14 9.3 12.8 0.74
Uni Abex Alloy 49.24 5.08 1.02 3.20 15.7 16.7 0.57
Tayo Rolls 48.74 0.00 -1.24 48.36 0.0 0.0 2.32
Pradeep Metals 36.87 7.97 1.22 5.26 15.6 15.9 1.66

Futures & Options Quote

 
Expiry Date
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Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

N Srinivasan , Chairman  

V Vaidyanathan , Director  

Vidyashankar Krishnan , Vice Chairman & M.D.  

K Venkatramanan , Joint Managing Director  


Company Head Office / Quarters:
95 Anna Salai,
Guindy,
Chennai,
Tamil Nadu-600032
Phone : 91-44-22352153
Fax : 91-44-22352160
E-mail : mmforge@mmforgings.com
Web : http://www.mmforgings.com
Registrars:
Cameo Corporate Services Ltd
Subramanian Building
1ST Floor No 1
Club House Road
Chennai - 600002

Fund Holding


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