MM Forgings Limited Net Assets

Latest as of September 2025: Rs9.27 Billion INR ≈ $100.30 Million USD

MM Forgings Limited net assets. Based on the latest financial reports, MM Forgings Limited (MMFL) has net assets worth Rs9.27 Billion INR (≈ $100.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs24.83 Billion ≈ $268.52 Million USD) and total liabilities (Rs15.56 Billion ≈ $168.23 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MMFL net asset momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs9.27 Billion
% of Total Assets	37.35%
Annual Growth Rate	14.81%
5-Year Change	83.19%
10-Year Change	219.19%
Growth Volatility	4.7

Net Assets of MM Forgings Limited (2006–2025)

Net assets of MM Forgings Limited from 2006 to 2025. This chart illustrates how MM Forgings Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of MM Forgings Limited to measure how much of total assets are equity-financed.

Annual Net Assets for MM Forgings Limited (2006–2025)

The table below shows the annual net assets of MM Forgings Limited from 2006 to 2025. For live market cap and overall valuation, see market cap of MM Forgings Limited.

Year	Net Assets	Change
2025-03-31	Rs8.92 Billion ≈ $96.51 Million	+13.10%
2024-03-31	Rs7.89 Billion ≈ $85.34 Million	+17.18%
2023-03-31	Rs6.73 Billion ≈ $72.82 Million	+20.34%
2022-03-31	Rs5.60 Billion ≈ $60.51 Million	+14.86%
2021-03-31	Rs4.87 Billion ≈ $52.68 Million	+7.07%
2020-03-31	Rs4.55 Billion ≈ $49.21 Million	+6.49%
2019-03-31	Rs4.27 Billion ≈ $46.21 Million	+17.83%
2018-03-31	Rs3.63 Billion ≈ $39.21 Million	+15.26%
2017-03-31	Rs3.15 Billion ≈ $34.02 Million	+12.52%
2016-03-31	Rs2.80 Billion ≈ $30.24 Million	+17.51%
2015-03-31	Rs2.38 Billion ≈ $25.73 Million	+21.52%
2014-03-31	Rs1.96 Billion ≈ $21.17 Million	+13.78%
2013-03-31	Rs1.72 Billion ≈ $18.61 Million	+13.33%
2012-03-31	Rs1.52 Billion ≈ $16.42 Million	+17.44%
2011-03-31	Rs1.29 Billion ≈ $13.98 Million	+24.51%
2010-03-31	Rs1.04 Billion ≈ $11.23 Million	+8.82%
2009-03-31	Rs954.23 Million ≈ $10.32 Million	+9.15%
2008-03-31	Rs874.24 Million ≈ $9.45 Million	+14.24%
2007-03-31	Rs765.29 Million ≈ $8.28 Million	+18.22%
2006-03-31	Rs647.33 Million ≈ $7.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to MM Forgings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 52645000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

MM Forgings Limited Net Assets Breakdown (March 2025)

MM Forgings Limited net assets breakdown by equity component as of March 2025.

Component	Amount	Percentage
Common Stock	Rs482.82 Million	5.41%
Other Comprehensive Income	Rs8.92 Billion	100.04%
Other Components	Rs40.44 Million	0.45%
Total Equity	Rs8.92 Billion	100.00%

MM Forgings Limited Competitors by Market Cap

The table below lists competitors of MM Forgings Limited ranked by their market capitalization.

Company	Market Cap
Bpost NV BR:BPOST	$258.61 Million
Jackson Acquisition Company II NYSE:JACS	$258.66 Million
I-Sheng Electric Wire & Cable Co Ltd TW:6115	$258.67 Million
Brompton Split Banc Corp TO:SBC	$258.70 Million
Profound Medical Corp TO:PRN	$258.25 Million
Inozyme Pharma Inc NASDAQ:INZY	$258.25 Million
BIDV Securities JSC VN:BSI	$258.23 Million
Omega Flex Inc NASDAQ:OFLX	$258.21 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in MM Forgings Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,887,329,000 to 8,920,824,000, a change of 1,033,495,000 (13.1%).
Net income of 1,218,060,000 contributed positively to equity growth.
Dividend payments of 193,126,000 reduced retained earnings.
Share repurchases of 241,408,000 reduced equity.
New share issuances of 241,408,000 increased equity.
Other comprehensive income increased equity by 1,024,568,000.
Other factors decreased equity by 1,016,007,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs1.22 Billion	+13.65%
Dividends Paid	Rs193.13 Million	-2.16%
Share Repurchases	Rs241.41 Million	-2.71%
Share Issuances	Rs241.41 Million	+2.71%
Other Comprehensive Income	Rs1.02 Billion	+11.49%
Other Changes	Rs-1.02 Billion	-11.39%
Total Change	Rs-	13.10%

Book Value vs Market Value Analysis

This analysis compares MM Forgings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.67x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 36.89x to 2.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs13.41	Rs494.65	x
2007-03-31	Rs15.85	Rs494.65	x
2008-03-31	Rs18.11	Rs494.65	x
2009-03-31	Rs19.76	Rs494.65	x
2010-03-31	Rs21.51	Rs494.65	x
2011-03-31	Rs26.78	Rs494.65	x
2012-03-31	Rs31.46	Rs494.65	x
2013-03-31	Rs35.65	Rs494.65	x
2014-03-31	Rs40.55	Rs494.65	x
2015-03-31	Rs49.28	Rs494.65	x
2016-03-31	Rs57.91	Rs494.65	x
2017-03-31	Rs65.15	Rs494.65	x
2018-03-31	Rs75.10	Rs494.65	x
2019-03-31	Rs88.49	Rs494.65	x
2020-03-31	Rs188.48	Rs494.65	x
2021-03-31	Rs100.90	Rs494.65	x
2022-03-31	Rs115.89	Rs494.65	x
2023-03-31	Rs139.39	Rs494.65	x
2024-03-31	Rs163.37	Rs494.65	x
2025-03-31	Rs185.06	Rs494.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently MM Forgings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 13.65%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.99%
• Asset Turnover: 0.64x
• Equity Multiplier: 2.66x
Recent ROE (13.65%) is below the historical average (15.81%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	18.27%	7.13%	1.11x	2.31x	Rs53.55 Million
2007	18.18%	7.87%	1.11x	2.09x	Rs62.63 Million
2008	16.50%	7.55%	0.87x	2.52x	Rs56.83 Million
2009	10.60%	4.89%	0.92x	2.35x	Rs5.75 Million
2010	10.03%	6.57%	0.65x	2.33x	Rs324.50K
2011	22.99%	11.18%	0.91x	2.25x	Rs167.98 Million
2012	17.62%	7.64%	1.03x	2.24x	Rs115.70 Million
2013	14.21%	6.77%	0.99x	2.11x	Rs72.41 Million
2014	14.97%	7.13%	1.09x	1.93x	Rs97.40 Million
2015	21.25%	10.06%	1.06x	1.99x	Rs267.56 Million
2016	17.91%	9.97%	0.93x	1.92x	Rs221.29 Million
2017	13.80%	9.08%	0.81x	1.87x	Rs119.62 Million
2018	16.71%	9.49%	0.76x	2.31x	Rs243.36 Million
2019	18.45%	8.44%	0.77x	2.86x	Rs361.14 Million
2020	9.21%	5.45%	0.68x	2.49x	Rs-35.78 Million
2021	9.45%	6.12%	0.59x	2.60x	Rs-26.57 Million
2022	16.26%	7.98%	0.81x	2.53x	Rs350.40 Million
2023	19.01%	8.75%	0.88x	2.47x	Rs606.48 Million
2024	17.12%	8.64%	0.79x	2.50x	Rs561.66 Million
2025	13.65%	7.99%	0.64x	2.66x	Rs325.98 Million

Industry Comparison

This section compares MM Forgings Limited's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $1,571,569,937
Average return on equity (ROE) among peers: 17.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MM Forgings Limited (MMFL)	Rs9.27 Billion	18.27%	1.68x	$258.28 Million
Aeroflex Industries Limited (AEROFLEX)	$862.23 Million	31.90%	1.13x	$733.59 Million
Alicon Castalloy Limited (ALICON)	$771.45 Million	18.69%	2.90x	$150.92 Million
BELL AGROMACHINA ORD T (BSE) (BALUFORGE)	$782.41K	0.00%	0.95x	$638.94 Million
DCM Limited (DCM)	$1.38 Billion	47.42%	2.20x	$15.14 Million
DEE Development Eng Ltd (DEEDEV)	$4.54 Billion	0.00%	0.84x	$390.37 Million
D P Wires Limited (DPWIRES)	$206.54 Million	8.10%	1.43x	$30.67 Million
Gandhi Special Tubes Limited (GANDHITUBE)	$1.47 Billion	26.21%	0.13x	$110.72 Million
Ganga Forging Limited (GANGAFORGE)	$116.50 Million	8.88%	1.66x	$2.00 Million
Gravita India Limited (GRAVITA)	$774.91 Million	19.03%	0.63x	$1.10 Billion
Happy Forgings Limited (HAPPYFORGE)	$5.58 Billion	14.31%	0.37x	$1.80 Billion

About MM Forgings Limited

NSE:MMFL India Metal Fabrication

Market Cap

$258.28 Million

Rs23.88 Billion INR

Market Cap Rank

#15250 Global

#765 in India

Share Price

Rs494.65

Change (1 day)

-0.75%

52-Week Range

Rs298.10 - Rs680.20

All Time High

Rs684.20