MM Forgings

MM Forgings ROCE

The Return on Capital Employed (ROCE) of MM Forgings (MMFL.NS) as of Oct 31, 2026 is 18.08 %. In the previous year, Return on Capital Employed (ROCE) was 22.73 % — a change of -20.44% (lower).

ROCE

18.08 %

YoY

-20.44%

Last updated:

In 2026, MM Forgings's return on capital employed (ROCE) was 18.08 %, a -20.44% increase from the 22.73 % ROCE in the previous year.

The MM Forgings ROCE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROCE
Date
ROCE
Jan 1, 2019
28.50 INR
Jan 1, 2020
15.96 INR
Jan 1, 2021
13.13 INR
Jan 1, 2022
25.19 INR
Jan 1, 2023
28.82 INR
Jan 1, 2024
26.62 INR
Jan 1, 2025
22.73 INR
Jan 1, 2026
18.08 INR
The MM Forgings ROCE history
YEARROCEYoY
18.08 %-20.44%
22.73 %-14.61%
26.62 %-7.63%
28.82 %+14.40%
25.19 %+91.81%
13.13 %-17.72%
15.96 %-43.99%
28.50 %+23.63%
23.05 %+13.92%
20.23 %-18.36%
24.78 %-14.12%
28.86 %+47.09%
19.62 %—

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MM Forgings Stock analysis

What does MM Forgings do? MM Forgings Ltd. manufactures steel forgings for automotive components, producing items such as sprockets, flange housings, connecting rods, and various axle and steering parts. The company operates manufacturing plants in Tamil Nadu and a machining plant in Uttar Pradesh, serving the automotive industry with its specialized forged products. Its primary customers are automotive manufacturers requiring precision-engineered parts for vehicle assembly. The firm's product portfolio includes multiple variants of crankshafts for different engine types, such as 2-cylinder, single-cylinder, 3-cylinder, and 6-cylinder engines, alongside components like universal joint crosses and planetary wheel carriers. These products are designed to meet the specific needs of automotive production lines, with manufacturing facilities strategically located across Tamil Nadu and Uttar Pradesh to support regional and national supply chains. MM Forgings Ltd. focuses on the production of high-volume, precision steel forgings, leveraging its three manufacturing plants in Tamil Nadu and one machining plant in Uttar Pradesh to deliver consistent quality and timely delivery to automotive clients. The company's operations are centered on fulfilling the demand for durable, engineered components used in vehicle manufacturing across India. MM Forgings is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling MM Forgings's Return on Capital Employed (ROCE)

MM Forgings's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing MM Forgings's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

MM Forgings's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in MM Forgings’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about MM Forgings stock

Return on Capital Employed (ROCE) of MM Forgings is 18.08 % in 2026.

Return on Capital Employed (ROCE) of MM Forgings changed from 22.73 % to 18.08 %, representing a -20.44% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) MM Forgings since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s MM Forgings with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — MM Forgings

All Key Metrics — MM Forgings