MM Forgings (NSE:MMFL) Construction In Progress: ₹3,374 Mil (As of Mar. 2026)


NSE:MMFL MM Forgings Ltd NSE:MMFL
85 GF Score
Price ₹456.25
GF Value ₹482.32
Valuation Fairly Valued
! 8 Warning Signs
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What is MM Forgings Construction In Progress?

MM Forgings NSE:MMFL -1.04% 85 Construction In Progress is ₹3,374 Mil as of Mar. 2026. GuruFocus rates NSE:MMFL with a GF Score™ of 85/100 and a GF Value™ of ₹482.32 (Fairly Valued). The stock has 8 warning signs investors should review.

MM Forgings's quarterly construction in progress declined from Sep. 2025 (₹3,095 Mil) to Dec. 2025 (₹0 Mil) but then increased from Dec. 2025 (₹0 Mil) to Mar. 2026 (₹3,374 Mil).

MM Forgings's annual construction in progress increased from Mar. 2024 (₹1,236 Mil) to Mar. 2025 (₹3,833 Mil) but then declined from Mar. 2025 (₹3,833 Mil) to Mar. 2026 (₹3,374 Mil).

MM Forgings Construction In Progress Historical Data

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The historical data trend for MM Forgings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MM Forgings Construction In Progress Chart

MM Forgings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 363.81 625.69 1,236.09 3,833.06 3,373.90

MM Forgings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,833.06 0.00 3,095.38 0.00 3,373.90
NSE:MMFL
85GF Score
MM Forgings Ltd NSE:MMFL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MM Forgings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ₹3,374 Mil mean?
MM Forgings (NSE:MMFL) has a Construction In Progress of ₹3,374 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MM Forgings and its competitors.
Is MM Forgings' Construction In Progress too high?
MM Forgings' current Construction In Progress is ₹3,374 Mil. Overall, MM Forgings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MM Forgings' Construction In Progress compare to CRS and ATI?
MM Forgings' Construction In Progress of ₹3,374 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MM Forgings and its competitors. MM Forgings's current Construction In Progress is ₹3,374 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MM Forgings stock overvalued right now?
Based on GuruFocus' analysis, MM Forgings (NSE:MMFL) is currently considered Fairly Valued. The stock's GF Value™ is ₹482.32, compared to a current price of ₹456.25 — trading 5.4% below its estimated fair value. The current Construction In Progress is ₹3,374 Mil. MM Forgings' overall GF Score™ is 85/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MM Forgings (NSE:MMFL), the current Construction In Progress is ₹3,374 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MM Forgings (NSE:MMFL) Overvalued in 2026?

Based on GuruFocus' analysis, MM Forgings stock appears to be undervalued. The current stock price of ₹456.25 is trading 5.4% below its estimated GF Value™ of ₹482.32. GuruFocus considers MM Forgings to be Fairly Valued.

Key valuation signals for NSE:MMFL:

  • Construction In Progress: ₹3,374 Mil
  • GF Value™: ₹482.32 vs. price of ₹456.25 (5.4% below fair value)
  • GF Score™: 85/100 with 8 warning signs

No single metric tells the full story. See the NSE:MMFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MM Forgings Business Description

Other Exchanges 522241:India
Address SVK Towers, A25, 8th Floor, Industrial Estate, Guindy, Chennai, TN, IND, 600 032
MM Forgings Ltd engages in the manufacturing and trading of steel forgings. It offers a range of steel forgings such as raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro-alloy, and stainless steel. It has one segment, the Manufacture of Steel Forgings.
85GF Score

Get the complete analysis for NSE:MMFL

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹456.25
Price
₹482.32
GF Value