MM Forgings (NSE:MMFL) ROCE %: 13.24% (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 ROCE %?

MM Forgings NSE:MMFL +2.34% 85 ROCE % is 13.24% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. MM Forgings's annualized ROCE % for the quarter that ended in Mar. 2026 was 13.24%.

MM Forgings  (NSE:MMFL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

MM Forgings ROCE % Related Terms

MM Forgings ROCE % Historical Data

* Premium members only.

The historical data trend for MM Forgings's ROCE % 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 ROCE % Chart

MM Forgings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.80 20.81 20.46 16.17 12.08

MM Forgings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 13.76 11.77 11.02 11.05 13.24
NSE:MMFL
85GF Score
MM Forgings Ltd NSE:MMFL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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MM Forgings ROCE % Calculation

MM Forgings's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1924.728/( ( (23489.682 - 7864.709) + (25243.774 - 8999.975) )/ 2 )
=1924.728/( (15624.973+16243.799)/ 2 )
=1924.728/15934.386
=12.08 %

MM Forgings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2150.184/( ( (0 - 0) + (25243.774 - 8999.975) )/ 1 )
=2150.184/( ( 0 + 16243.799 )/ 1 )
=2150.184/16243.799
=13.24 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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 ROCE % →
What does a ROCE % of 13.24% mean?
MM Forgings (NSE:MMFL) has a ROCE % of 13.24% as of Mar. 2026.
Is MM Forgings' ROCE % too high?
MM Forgings' current ROCE % is 13.24%. The Industrial Products industry median ROCE % is 7.10. MM Forgings' value of 13.24% is 86.5% above this industry median. 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' ROCE % compare to ATI and CRS?
MM Forgings' ROCE % of 13.24% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. MM Forgings' value of 13.24% is 86.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MM Forgings's current ROCE % of 13.24% is 86.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MM Forgings's current ROCE % is 13.24%. 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 ROCE % is 13.24% and 86.5% above the Industrial Products industry median of 7.10. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For MM Forgings (NSE:MMFL), the current ROCE % is 13.24% 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:

  • ROCE %: 13.24%
  • GF Value™: ₹485.36 vs. price of ₹461.05 (5% below fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 86.5% above the Industrial Products median

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

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

₹461.05
Price
₹485.36
GF Value