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M M Forgings Ltd.

BSE: 522241 Sector: Engineering
NSE: MMFL ISIN Code: INE227C01017
BSE LIVE 15:40 | 15 Dec 1034.95 2.00
(0.19%)
OPEN

1040.00

HIGH

1043.85

LOW

1020.00

NSE 15:56 | 15 Dec 1043.05 14.25
(1.39%)
OPEN

1049.00

HIGH

1049.00

LOW

1020.00

OPEN 1040.00
PREVIOUS CLOSE 1032.95
VOLUME 1265
52-Week high 1059.90
52-Week low 412.05
P/E 25.55
Mkt Cap.(Rs cr) 1,249
Buy Price 1036.00
Buy Qty 60.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1040.00
CLOSE 1032.95
VOLUME 1265
52-Week high 1059.90
52-Week low 412.05
P/E 25.55
Mkt Cap.(Rs cr) 1,249
Buy Price 1036.00
Buy Qty 60.00
Sell Price 0.00
Sell Qty 0.00

M M Forgings Ltd. (MMFL) - Company History

Incorporated in 1946 Madras Motors Pvt Ltd, the company went public in 1975. Originally dealing in imported motorcycles, it later diversified to establish steel forging plants. The company changed to its present name, M M Forgings on 1 Apr.'93. It was promoted by S E Krishnan and S R Subramanian. The company manufactures carbon and alloy steel forgings -- with individual forging pieces weighing between 15 kg and 60 kg -- at its two forging units at Singampunari, Madurai district, and Viralimalai, Trichy district, (combined capacity : 15,000 tpa) both in Tamilnadu. The company's products form important inputs for various critical components in the automobile, tractor, earth-moving, power, material handling, oil, railway and core engineering industries. The company's clientele includes Ashok Leyland, BEML, BHEL, Audco Valves and Tractor Engineers. During 1994-95, the company has been accredited with the ISO 9002 certificate. The technical collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. During 2001, the company has increased its installed capacity of steel forgings from 15000 tpa to 20000 tpa. The technology collaboration with Tokai Corporation of Japan has enabled the company to improve its quality and productivity. The company has completed 2 Wind farm in Muppandal and the same is expected to generated 6 Million KWHr of power each year. In 2002 the company has merged its wholly owned subsidiary viz Gears India Madaras Ltd, The production capacity of Steel Forgings is being increased from 20000 tonnes to 26500 tonnes and this is under process at the end of the financial year 2003-04.Machining capacity has also been substantially increased in line with changing customer demand.