MM Forgings Ltd is a leading Indian manufacturer of closed-die forgings for the automotive, commercial vehicle, and industrial sectors. With a history of operational excellence and strong promoter backing, MM Forgings continues to grow steadily. This article explores MM Forgings Ltd’s share price targets from 2025 to 2030 along with key insights for long-term investors.

Let’s take a closer look at MM Forgings' current stock performance, business fundamentals, and its future outlook.

MM Forgings Share Price Today (As of August 5, 2025)

About MM Forgings Ltd

Established in 1946, MM Forgings Ltd is one of India’s oldest and most trusted forging companies. The company supplies critical components to automobile manufacturers and industrial equipment firms across India, Europe, and North America.

Key Highlights:

• A strong supplier of closed-die and upset forgings

• Supplies to top global OEMs in the auto sector

• Operational excellence with steady margins

• Growing presence in the export market

• Focus on electric vehicle component manufacturing

MM Forgings Shareholding Pattern (June 2025)

This indicates strong promoter confidence and decent retail participation, making MM Forgings a well-balanced stock in terms of ownership.

MM Forgings Share Price Target 2025 to 2030

These projections consider MM Forgings' earnings growth, sector outlook, and capacity expansion plans.

Year-Wise Analysis & Investment Advice

✅ MM Forgings Share Price Target 2025: ₹355 – ₹370

By 2025-end, MM Forgings is expected to perform steadily with a moderate increase in demand from the domestic and export auto segments.

Why?

• Growing commercial vehicle demand

• Stable raw material pricing

• Strong order book visibility

Investment Advice: A good time to accumulate shares through SIPs for long-term value creation.

✅ MM Forgings Share Price Target 2026: ₹385 – ₹410

2026 could bring moderate growth in earnings and margins due to capacity utilisation and exports.

Why?

• Operational leverage from increased production

• Recovery in European auto market

• Focus on cost optimization and automation

Investment Advice: Hold for the medium term and monitor quarterly earnings.

✅ MM Forgings Share Price Target 2027: ₹425 – ₹455

The share price prediction for 2027 remains positive with a potential breakout in EV component supply.

Why?

• Entry into electric vehicle part manufacturing

• Increased exports to North America

• Consistent improvement in delivery and margins

Investment Advice: Ideal for investors seeking mid-cap growth in the auto ancillaries segment.

✅ MM Forgings Share Price Target 2028: ₹475 – ₹510

MM Forgings may cross the ₹500 mark with increasing global partnerships and tech-led manufacturing.

Why?

• Expansion into new product categories

• Tie-ups with OEMs for EV parts

• Higher cash flows from exports

Investment Advice: Maintain investment and consider adding on dips for CAGR benefits.

✅ MM Forgings Share Price Target 2029: ₹530 – ₹565

The company is expected to benefit from domestic infrastructure growth and global EV adoption.

Why?

• Sustained demand in heavy vehicles

• Government incentives for export-focused manufacturing

• Higher contribution from value-added products

Investment Advice: A solid mid-cap bet for medium- to long-term investors.

✅ MM Forgings Share Price Target 2030: ₹590 – ₹640

By 2030, MM Forgings could emerge as a leading player in the global auto component space.

Why?

• Strong cash reserves and dividend-paying capacity

• Better operating margins due to automation

• Diversification into EVs and renewable energy components

Investment Advice: Suitable for long-term investors targeting multi-year wealth creation.

Should You Invest in MM Forgings for the Long Term?

Yes, MM Forgings Ltd is a fundamentally strong company with a consistent growth record, especially in the niche forging space for automobiles and industrials.

Key Reasons to Invest:

• Strong promoter holding

• Expansion in EV and export markets

• Consistent dividend payout

• Healthy balance sheet and book value

⚠️ Risks to Consider:

• Dependency on the cyclical auto industry

• Fluctuations in export demand

• Volatility in steel prices and raw materials

Always consult a SEBI-registered financial advisor before investing.

Conclusion

MM Forgings Ltd has proven to be a solid mid-cap stock with strong fundamentals and consistent growth. As of August 2025, it is trading around ₹340, and analysts expect it could reach ₹640 by 2030. The company's focus on innovation, exports, and future-ready products like EV components makes it a promising investment for long-term investors.

If you are looking for stable, long-term wealth creation in the auto components sector, MM Forgings Ltd is worth considering.

Frequently Asked Questions (FAQs) about MM Forgings

1. What is the current price of MM Forgings Ltd shares?
As of August 5, 2025, the price is approximately ₹340.50.

2. Is MM Forgings Ltd a good stock to buy now?
Yes, especially for long-term investors interested in auto ancillaries and export-led growth.

3. What is MM Forgings Ltd's 52-week high and low?
52-week high is ₹618.80 and low is ₹303.00.

4. What is the target for MM Forgings in 2025?
₹355 – ₹370 depending on market and earnings performance.

5. What is the dividend yield of MM Forgings?
The company currently offers a dividend yield of around 1.21%.

6. Who are the promoters of MM Forgings Ltd?
Promoters hold 56.34% of the company’s shares as of June 2025.

7. Does MM Forgings supply to EV manufacturers?
Yes, the company is increasing its focus on components used in electric vehicles.

8. What is the face value and book value of MM Forgings?
Face value is ₹10, and book value per share is ₹176.37.

9. How do I buy MM Forgings shares?
You can buy shares via a trading account with a SEBI-registered broker on NSE or BSE.

10. Is MM Forgings good for long-term investment?
Yes, due to strong fundamentals, rising exports, and entry into emerging sectors like EVs.

Disclaimer: This blog is for informational purposes only. Please consult a certified financial advisor before making any investment decisions.