MM Forgings (NSE:MMFL) Interest Expense: ₹-782 Mil (TTM As of Mar. 2026)


NSE:MMFL MM Forgings Ltd NSE:MMFL
88 GF Score
Price ₹523.40
GF Value ₹488.43
Valuation Fairly Valued
! 9 Warning Signs
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What is MM Forgings Interest Expense?

MM Forgings NSE:MMFL +2.61% 88 Interest Expense is ₹-782 Mil as of Mar. 2026. GuruFocus rates NSE:MMFL with a GF Score™ of 88/100 and a GF Value™ of ₹488.43 (Fairly Valued). The stock has 9 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MM Forgings's interest expense for the three months ended in Mar. 2026 was ₹ -183 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₹-782 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MM Forgings's Operating Income for the three months ended in Mar. 2026 was ₹ 531 Mil. MM Forgings's Interest Expense for the three months ended in Mar. 2026 was ₹ -183 Mil. MM Forgings's Interest Coverage for the quarter that ended in Mar. 2026 was 2.90. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MM Forgings  (NSE:MMFL) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MM Forgings's Interest Expense for the three months ended in Mar. 2026 was ₹-183 Mil. Its Operating Income for the three months ended in Mar. 2026 was ₹531 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was ₹5,962 Mil.

MM Forgings's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*530.803/-183.141
=2.90

* 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.

The higher the ratio, the stronger the company's financial strength is.

MM Forgings Interest Expense Historical Data

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The historical data trend for MM Forgings's Interest Expense 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 Interest Expense Chart

MM Forgings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -277.26 -295.66 -423.22 -597.88 -782.01

MM Forgings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Expense 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 -136.55 -183.04 -212.34 -203.49 -183.14
NSE:MMFL
88GF Score
MM Forgings Ltd NSE:MMFL
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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MM Forgings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-782 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-782 Mil mean?
MM Forgings (NSE:MMFL) has a Interest Expense of ₹-782 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on MM Forgings and its competitors.
Is MM Forgings' Interest Expense too high?
MM Forgings' current Interest Expense is ₹-782 Mil. Overall, MM Forgings has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MM Forgings' Interest Expense compare to CRS and ATI?
MM Forgings' Interest Expense of ₹-782 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 Interest Expense for an Industrial Products company?
A good Interest Expense depends on the Industrial Products industry context. However, Interest Expense 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 Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on MM Forgings and its competitors. MM Forgings's current Interest Expense is ₹-782 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 ₹488.43, compared to a current price of ₹523.40 — trading 7.2% above its estimated fair value. The current Interest Expense is ₹-782 Mil. MM Forgings' overall GF Score™ is 88/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For MM Forgings (NSE:MMFL), the current Interest Expense is ₹-782 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 overvalued. The current stock price of ₹523.40 is trading 7.2% above its estimated GF Value™ of ₹488.43. GuruFocus considers MM Forgings to be Fairly Valued.

Key valuation signals for NSE:MMFL:

  • Interest Expense: ₹-782 Mil
  • GF Value™: ₹488.43 vs. price of ₹523.40 (7.2% above fair value)
  • GF Score™: 88/100 with 9 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.
88GF Score

Get the complete analysis for NSE:MMFL

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

₹523.40
Price
₹488.43
GF Value