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M M Forgings Limited is currently in a long term uptrend where the price is trading 67.7% above its 200 day moving average.
From a valuation standpoint, the stock is 78.4% cheaper than other stocks from the Industrials sector with a price to sales ratio of 1.8.
M M Forgings Limited's total revenue rose by 18.5% to $2B since the same quarter in the previous year.
Its net income has increased by 23.9% to $140M since the same quarter in the previous year.
Finally, its free cash flow fell by 12.6% to $756M since the same quarter in the previous year.
Based on the above factors, M M Forgings Limited gets an overall score of 4/5.
| Exchange | NSE |
|---|---|
| CurrencyCode | INR |
| ISIN | INE227C01017 |
| Sector | Industrials |
| Industry | Metal Fabrication |
| Market Cap | 17B |
|---|---|
| PE Ratio | 60.1 |
| Target Price | 668.5 |
| Dividend Yield | 2.3% |
| Beta | 0.8 |
M M Forgings Limited, together with its subsidiaries, manufactures and sells steel forgings in India. The company offers sprocket, flange housing, connecting rod, rail forging, hub, knuckle, front axle beam, universal joint cross, steering and pivot arm, planetary wheel carrier, upper arm shaft, shifter fork, and rear axle spindle. It also offers yoke shaft, double yoke, crankshaft, link, yoke, fit yoke, lever, and high pressure valves body and bonnet. The company's products are used for passenger cars, commercial vehicles, off highway vehicles, value/oilfield, agriculture, and engineering components. The company was formerly known as The Madras Motors Ltd and changed its name to M M Forgings Limited in 1993. M M Forgings Limited was founded in 1945 and is based in Chennai, India.
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