MM Forgings Ltd.

Financial

	MM Forgings	Nelcast	Rishabh Instruments
Operational Metrics
Metals
Quarterly Sales Volume - Casting & Forging	19500.0 Tonnes	20000.0 Tonnes	n/a
Manufacturing Capacity - Forging	130000.0 MTPA	n/a	n/a
Steel Sector
EBITDA/Tonne - Casting & Forging	35000.0 Rs/ Tonne	14800.0 Rs/ Tonne	n/a
Financials
5 yr Average ROE	15.1 %	5.75 %	9.58 %
5yr average Equity Multiplier	2.54	2.12	1.56
5yr Average Asset Turnover Ratio	0.75	1.02	0.84
5yr Avg Net Profit Margin	7.9 %	2.52 %	7.21 %
Price to Book	1.61	2.54	2.25
P/E	12.98	33.53	35.51
5yr Avg Cash Conversion Cycle	65.54 Days	-7.2 Days	55.03 Days
Inventory Days	71.89 Days	55.5 Days	82.92 Days
Days Receivable	75.21 Days	93.43 Days	66.99 Days
Days Payable	84.32 Days	129.03 Days	111.93 Days
5yr Average Interest Coverage Ratio	4.9	2.26	11.91
5yr Avg ROCE	15.9 %	9.67 %	11.81 %
5yr Avg Operating Profit Margin	18.44 %	6.89 %	12.22 %
5 yr average Debt to Equity	1.22	0.59	0.22
5yr CAGR Net Profit	21.48 %	30.27 %	-8.2 %
5yr Average Return on Assets	5.97 %	2.68 %	6.01 %
Shareholdings
Promoter Holding	56.34 %	74.87 %	69.81 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	-0.87 %
Change in Mutual Fund Holding (3 Yrs)	-10.39 %	0.0	-2.53 %

Business

	MM Forgings	Nelcast	Rishabh Instruments
Product Wise Break-Up	Product Wise Break-Up Steel Forgings 99.07 Iron Castings 0 Aluminium high pressure die castings 0 Solar string inverters 0 Portable test and measuring instruments 0 0 Electrical Automation 0 Others 0.93	Product Wise Break-Up Electrical Automation 0 Steel Forgings 0 Aluminium high pressure die castings 0 Iron and Steel Castings 100.0 Solar string inverters 0 0 Portable test and measuring instruments 0	Product Wise Break-Up Electrical Automation 15.0 Steel Forgings 0 Aluminium high pressure die castings 39.8 Iron Castings 0 Solar string inverters 0 Metering, control and protection devices 36.5 Portable test and measuring instruments 7.1 Others 1.6
Location Wise Break-Up	Location Wise Break-Up India 61.5 Rest of the World 38.5 USA 0 South America 0 Europe 0 Poland 0 Europe ( Ex Poland) 0 Asia 0	Location Wise Break-Up Rest of the World 35.9 USA 0 Poland 0 India 64.1 South America 0 Europe ( Ex Poland) 0 Europe 0 Asia 0	Location Wise Break-Up Rest of the World 0 USA 5.2 Poland 16.5 India 0 South America 0 Europe ( Ex Poland) 49.5 Europe 0 Asia 28.3 Others 0.5
Customer Segment	Customer Segment Commercial Vehicles 79.8 Auto PC 11.5 Off Highway 8.1 Railways 0 Offhighway equipment 0 Tractors 0 M&HCV 0 Others 0.6	Customer Segment Offhighway equipment 2.5 d Railways 1.8 M&HCV 36.8 Commercial Vehicles 0 Auto PC 0 Tractors 22.6 Off Highway 0 Others 36.3	-