M M Forgings Ltd
M M Forgings Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
3 of 5 strong
The short version
Targeting minimum sales of 25,000 tons per quarter in the next 2-3 quarters, aiming to increase to 27,000 and then 30,000 tons per quarter. The company expects volume growth to drive revenue increases for the next 1-2 years, with turnover projected to reach approximately INR1,800-1,900 crores in the current fiscal (Page 4).
From M M Forgings Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- Targeting minimum sales of 25,000 tons per quarter in the next 2-3 quarters, aiming to increase to 27,000 and then 30,000 tons per quarter. (Page 21)
- Expected to cross 90,000 tons in sales this year, with a run rate of 1 lakh tons per annum starting Q2 onwards and potentially reaching 1.1 lakh tons in the next year. (Page 11, Page 21)
- Anticipates turnover growth of around 18% this year, targeting INR 1,800-1,900 crores in revenue. (Page 4)
- Machining mix to remain strong, hovering between 65% to 68% of sales, reflecting capital investments made in the past 3 years. (Page 4)
2 more points from M M Forgings Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what M M Forgings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Overall machining capex of about INR1,100 crores invested historically, with INR1,000 crores in the last 10 years and INR625 crores in the last 5 years.
- INR150 crores capex planned for the current year; INR30-50 crores dedicated to replacement/debottlenecking.
- Focus on increasing capabilities in machining, including automation investment expected to triple to INR30-50 crores this fiscal.
- Adding forging equipment: a 16,500-ton press expected in production by Q4 of this fiscal; also a recently commissioned 4,000-ton press.
- Debottlenecking ongoing to improve capacity utilization by 15%-20%.
- Capex financed predominantly from internal accruals; gross debt to remain stable around INR750-800 crores.
2 more points from M M Forgings Ltd's call on capex
Pro opens every point from 15K+ earnings calls
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what M M Forgings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of Q1 FY27, MM Forgings has recorded about 20,000 tons of sales.
- From Q2 onwards, the company expects quarterly sales between 23,000 to 25,000 tons.
- Targets to cross 90,000 tons in annual sales for the current year.
- For the next year, aiming for 100,000 to 110,000 tons in sales volume.
- The company is experiencing strong demand, especially in machined orders.
- Order wins are coming from both domestic and export markets.
- Significant business growth expected from hyperscalers and related sectors.
2 more points from M M Forgings Ltd's call on order book
Pro opens every point from 15K+ earnings calls
M M Forgings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹430 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What M M Forgings Ltd's management said in earlier quarters
Others in Auto Components this season
- Kinetic Engineering Ltd (Q1 FY27)
EBITDA for FY26: ₹137.7 crore; Margin: 8.3% (down from 11.5% in FY25) . Key concall takeaways from Kinetic Engineering Ltd's Q1 FY27 earnings call — and how it…
- Jay Bharat Maruti Ltd (Q1 FY27)
Reported Total Income (Revenue) for Q1 FY'27: INR 626.97 Crores . Key concall takeaways from Jay Bharat Maruti Ltd's Q1 FY27 earnings call — and how it ranks…
- India Nippon Electricals Ltd (Q1 FY27)
Year-on-Year (YoY) growth in revenue: 35.5% (Q1-FY27 vs Q1-FY26 revenue of INR 2,247 Mn) . Key concall takeaways from India Nippon Electricals Ltd's Q1 FY27…
- Jamna Auto Industries Ltd (Q1 FY27)
Q1 FY 2026-27 Net Sales: ₹612 Crores, up 7% YoY from ₹573 Crores in Q1 FY 2025-26 (Page 9) . Key concall takeaways from Jamna Auto Industries Ltd's Q1 FY27…
Arthneeti Pro · Annual
M M Forgings Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were M M Forgings Ltd Q1 FY27 results?
Targeting minimum sales of 25,000 tons per quarter in the next 2-3 quarters, aiming to increase to 27,000 and then 30,000 tons per quarter. The company expects volume growth to drive revenue increases for the next 1-2 years, with turnover projected to reach approximately INR1,800-1,900 crores in the current fiscal (Page 4).
What is M M Forgings Ltd share price analysis?
M M Forgings Ltd currently shows a below-average growth signal. The stock trades at a P/E of 28.0 with a market cap of ₹3,151 Cr. Investors should review the full earnings analysis for detailed insights.
Is M M Forgings Ltd planning capital expenditure?
Overall machining capex of about INR1,100 crores invested historically, with INR1,000 crores in the last 10 years and INR625 crores in the last 5 years.
Keep M M Forgings Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.