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MMFO – MM Forgings Ltd

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Recommendation Rating

1.8

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4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 14.38

Low: 12.08

High: 16.9

Total Analysts: 4

Company Profile

MM Forgings Limited is an India-based company, which is engaged in the manufacture of steel forgings. The Company is a manufacturer of automotive components. The Company operates in one segment: manufacture of steel forgings. Its products include sprocket, flange housing, connecting rod, connecting rod integral, rail forging, hub, knuckle-1, knuckle-2, front axle beam, universal joint cross, steering arm, planetary wheel carrier, pivot arm, upper arm shaft, front axle beam, shifter fork and rear axle spindle, yoke shaft, double yoke, crankshaft 2cylinder, crankshaft single cylinder, crankshaft 3cylinder, crankshaft 6cylinder. The Company’s manufacturing plants are located at Singampunari Sivagangai District, Viralimalai Pudukkottai District and Karainaithangal Village Kanchipuram District, all within the state of Tamil Nadu. The company has its machining plant in Kursi Road, Barabanki situated in the state of Uttar Pradesh.

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