Anand Rathi has buy call on M M Forgings with a target price of Rs 1200. The current market price of M M Forgings is Rs 982.
M M Forgings Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 2353.25 Crore) operating in Auto Ancillaries sector.
M M Forgings Ltd. key Products/Revenue Segments include Steel Forgings and Power Generation for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 404.15 Crore, up .85 % from last quarter Total Income of Rs 400.73 Crore and up 7.41 % from last year same quarter Total Income of Rs 376.27 Crore. Company reported net profit after tax of Rs 33.54 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 56.34 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.93 per cent, DIIs 14.47 per cent.
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M M Forgings Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 2353.25 Crore) operating in Auto Ancillaries sector.
M M Forgings Ltd. key Products/Revenue Segments include Steel Forgings and Power Generation for the year ending 31-Mar-2023.
Financials
For the quarter ended 31-12-2023, the company has reported a Consolidated Total Income of Rs 404.15 Crore, up .85 % from last quarter Total Income of Rs 400.73 Crore and up 7.41 % from last year same quarter Total Income of Rs 376.27 Crore. Company reported net profit after tax of Rs 33.54 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 56.34 per cent stake in the company as of 31-Dec-2023, while FIIs owned 1.93 per cent, DIIs 14.47 per cent.
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