Ratings M M Forgings Limited NSE India S.E.

Equities

Market Closed - NSE India S.E. Other stock markets 07:43:48 2024-04-26 am EDT			5-day change	1st Jan Change
1,143 ^INR	+7.01%		+8.02%	+18.08%

Mar. 22	M M Forgings Limited Announces Board Appointments, Effective 01 April 2024	CI
Mar. 15	M M Forgings Limited Announces Board and Committee Changes	CI

From a short-term investment perspective, the company presents a deteriorated fundamental situation

There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Historically, the company has been releasing figures that are above expectations.

The company appears highly valued given the size of its balance sheet.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
M M FORGINGS LIMITED	+18.08%	329M		-
JSW STEEL LIMITED	+0.70%	25.86B		B
BAOSHAN IRON & STEEL CO., LTD.	+19.56%	21.23B		A
CHINA STEEL CORPORATION	-9.07%	11.73B		A-
JINDAL STEEL & POWER LIMITED	+24.56%	11.2B		B+
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+11.54%	10.91B		C+
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+10.96%	10.15B	-	C
TERNIUM S.A.	+2.61%	8.56B		B
BHARAT FORGE LIMITED	+5.78%	7.32B		B+
JINDAL STAINLESS LIMITED	+22.56%	6.92B		B-

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EBITDA / Sales

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1 year Revenue revision

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7 days Revenue revision

1 year EPS revision

4 months EPS revision

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4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

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Divergence of analysts' opinions

Divergence of Target Price

Earnings quality