MM Forgings (NSE:MMFL) Total Inventories: ₹3,341 Mil (As of Mar. 2026)


NSE:MMFL MM Forgings Ltd NSE:MMFL
85 GF Score
Price ₹461.05
GF Value ₹485.36
Valuation Fairly Valued
! 8 Warning Signs
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What is MM Forgings Total Inventories?

MM Forgings NSE:MMFL +2.34% 85 Total Inventories is ₹3,341 Mil as of Mar. 2026. GuruFocus rates NSE:MMFL with a GF Score™ of 85/100 and a GF Value™ of ₹485.36 (Fairly Valued). The stock has 8 warning signs investors should review.

MM Forgings's total inventories for the quarter that ended in Mar. 2026 was ₹3,341 Mil. MM Forgings's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was ₹1,670 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. MM Forgings's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ₹-168.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MM Forgings's Days Inventory for the three months ended in Mar. 2026 was 65.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. MM Forgings's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.39.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. MM Forgings's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.39.


MM Forgings  (NSE:MMFL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

MM Forgings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2254.924+0.75 * 4566.168+0.5 * 3340.55-15462.476
-0-3.6)/48.282
=-168.10

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

MM Forgings's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=1670.275/2326.954*365 / 4
=65.50

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=2326.954 / 1670.275
=1.39

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

MM Forgings's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1670.275 / 4290.15
=0.39

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


MM Forgings Total Inventories Related Terms


MM Forgings Total Inventories Historical Data

* Premium members only.

The historical data trend for MM Forgings's Total Inventories 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 Total Inventories Chart

MM Forgings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,038.00 3,057.95 3,449.10 3,416.94 3,340.55

MM Forgings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories 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 3,416.94 0.00 3,714.30 0.00 3,340.55
NSE:MMFL
85GF Score
MM Forgings Ltd NSE:MMFL
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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MM Forgings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of ₹3,341 Mil mean?
MM Forgings (NSE:MMFL) has a Total Inventories of ₹3,341 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for MM Forgings and its competitors.
Is MM Forgings' Total Inventories too high?
MM Forgings' current Total Inventories is ₹3,341 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' Total Inventories compare to ATI and CRS?
MM Forgings' Total Inventories of ₹3,341 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 Total Inventories for an Industrial Products company?
A good Total Inventories depends on the Industrial Products industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for MM Forgings and its competitors. MM Forgings's current Total Inventories is ₹3,341 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 ₹485.36, compared to a current price of ₹461.05 — trading 5% below its estimated fair value. The current Total Inventories is ₹3,341 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 Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For MM Forgings (NSE:MMFL), the current Total Inventories is ₹3,341 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 ₹461.05 is trading 5% below its estimated GF Value™ of ₹485.36. GuruFocus considers MM Forgings to be Fairly Valued.

Key valuation signals for NSE:MMFL:

  • Total Inventories: ₹3,341 Mil
  • GF Value™: ₹485.36 vs. price of ₹461.05 (5% 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

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

₹461.05
Price
₹485.36
GF Value