M M Forgings Ltd
M M Forgings Q3 FY26: Capex ₹160 Cr
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q3 FY26 call signalled
4 of 5 strong
The short version
MM Forgings expects strong growth in FY27, targeting around 20% revenue growth driven by both domestic and export markets growing at similar levels. MM Forgings expects strong growth ahead in FY27, targeting about 20% revenue growth driven by both domestic and export markets growing at similar levels.
From M M Forgings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- MM Forgings expects strong growth in FY27, targeting around 20% revenue growth driven by both domestic and export markets growing at similar levels.
- Volumes are expected to increase to 90,000+ tons by FY27, with a goal of reaching six-figure tonnage by FY28.
- Growth levers include investments made over the last few years, new product launches, product portfolio expansion (including connecting rods, conrods, beams, knuckles), and ramped-up execution capabilities.
- The company aims to leverage competencies in machining and forging to capture new customers and geographies globally and in India.
- Productivity enhancements such as installing 100-150 robots and focus on customer excellence are expected to support growth.
2 more points management made on revenue & sales performance
Profitability & Margins
See what M M Forgings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY27 planned capex of about ₹160 crores to complete commissioning of the 16,500-ton press and the 4,000-ton press, along with investments on the machining side.
- Potential to increase capex to ₹200 crores if new customer interests arise, supported by internal accruals.
- Installation of 100 to 150 robots planned in the current year to boost productivity and offset rising manpower costs.
- Investment tickets of ₹100 crores and beyond on machining projects aimed at large-size project execution.
- Continuous focus on capacity expansion, aiming to reach tonnage utilization of around 90,000+ tons by FY27 and potentially crossing 100,000 to 110,000 tons internally.
2 more points management made on capital expenditure plans
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
- The transcript does not explicitly provide a specific value for the current or expected order book or pending orders.
- However, it is mentioned that the company is receiving new business even as of the call date, with processes ongoing to win new orders.
- The management indicates confidence in tonnage reaching six-figure levels (100,000+ tons) by FY28 based on existing and incremental business.
- Focus on ramping up execution and closing gaps to realize higher output from current orders.
- Customer-related delays have mostly been resolved, implying that order fulfillment is expected to accelerate.
2 more points management made on order book & pipeline
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.
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What M M Forgings's management said in earlier quarters
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Frequently Asked Questions
What were M M Forgings Ltd Q3 FY26 results?
MM Forgings expects strong growth in FY27, targeting around 20% revenue growth driven by both domestic and export markets growing at similar levels. MM Forgings expects strong growth ahead in FY27, targeting about 20% revenue growth driven by both domestic and export markets growing at similar levels.
What is M M Forgings Ltd share price analysis?
M M Forgings Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 25.3 with a market cap of ₹2,847 Cr. Investors should review the full earnings analysis for detailed insights.
Is M M Forgings Ltd planning capital expenditure?
FY27 planned capex of about ₹160 crores to complete commissioning of the 16,500-ton press and the 4,000-ton press, along with investments on the machining side.
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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.