Munish Forge

Q: How strong is Munish Forge balance sheet?

Balance sheet of Munish Forge is strong.It shouldn't have solvency or liquidity issues.

Q: Is the debt of Munish Forge increasing or decreasing?

The net debt of Munish Forge is decreasing.Latest net debt of Munish Forge is ₹21.29 Crs as of Mar-26.This is less than Mar-25 when it was ₹47.82 Crs.

MUNISH

Price

-- --

Nano Cap

₹197 Cr.

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Munish Forge Limited, a leading forging and casting manufacturer since 1986, supplies high-precision components to the Defence, oil and gas, Automotive, Railways, and Infrastructure sectors globally,… More

Munish Forge Limited, a leading forging and casting manufacturer since 1986, supplies high-precisio… More

Low

50.20

52W Range

High

128

19.61

Sector PE

20.8

P/B

1.56

Div.Yield

ROE

7.97%

EBIDTA

6.81

ROCE

14.17

EPS

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MUNISH
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MUNISH
Revenue Mix

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Recent events

News
Corporate Actions

Defence Order Win

Oct 31, 2026

Munish Forge Secures Order From Integral Coach Factory Valued At 6.3 Million Rupees

Aug 03, 2026

Upcoming Events:

Quarterly Results

Announcement Date

Nov 13, 2026

Events:

Quarterly Results

Announcement Date

May 29, 2026

Quarterly Results

Announcement Date

Nov 20, 2025

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What does Munish Forge do?

Munish Forge is engaged in manufacturing of components like Flange, Scaffolding, Auto parts, tank tracks chains, bomb shells, fence post as per customer specifications and International Standard catering to the requirements of Indian Army and various industries such as Defence, Oil and Gas, Tractor, Automobile, Railways, Construction and Infrastructure.

Who are the competitors of Munish Forge?

Munish Forge major competitors are Ramkrishna Forgings, Happy Forgings. Market Cap of Munish Forge is ₹209 Crs. While the median market cap of its peers are ₹15,124 Crs.

Is Munish Forge financially stable compared to its competitors?

Munish Forge seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

Does Munish Forge pay decent dividends?

The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Munish Forge latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Munish Forge allocated its funds?

Companies resources are allocated to majorly unproductive assets like Accounts Receivable

How strong is Munish Forge balance sheet?

Balance sheet of Munish Forge is strong. It shouldn't have solvency or liquidity issues.

Is the profitablity of Munish Forge improving?

The profit is oscillating. The profit of Munish Forge is ₹10.07 Crs for Mar 2026, ₹14.44 Crs for Mar 2025 and ₹4.39 Crs for Mar 2024

Is the debt of Munish Forge increasing or decreasing?

The net debt of Munish Forge is decreasing. Latest net debt of Munish Forge is ₹21.29 Crs as of Mar-26. This is less than Mar-25 when it was ₹47.82 Crs.

Is Munish Forge stock expensive?

Yes, Munish Forge is expensive. Latest PE of Munish Forge is 20.8, while 3 year average PE is 16.48. Also latest EV/EBITDA of Munish Forge is 7.16 while 3yr average is 6.58.

Has the share price of Munish Forge grown faster than its competition?

Munish Forge has given lower returns compared to its competitors. Munish Forge has grown at ~-35.73% over the last 1yrs while peers have grown at a median rate of 55.0%

Is the promoter bullish about Munish Forge?

Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Munish Forge is 68.01% and last quarter promoter holding is 68.01%.

Are mutual funds buying/selling Munish Forge?

There is Insufficient data to gauge this.

Munish Forge

Share Price

Financials

Summary

Profit & Loss

Balance sheet

Cashflow

Revenue mix

Product wise

Location wise

Shareholdings

Peers

Forensics

Recent events

News

Corporate Actions

More Nano Cap Ideas

Promoter Buying

Capex

Superstar Investor

Popular questions

What does Munish Forge do?

Who are the competitors of Munish Forge?

Is Munish Forge financially stable compared to its competitors?

Does Munish Forge pay decent dividends?

How has Munish Forge allocated its funds?

How strong is Munish Forge balance sheet?

Is the profitablity of Munish Forge improving?

Is the debt of Munish Forge increasing or decreasing?

Is Munish Forge stock expensive?

Has the share price of Munish Forge grown faster than its competition?

Is the promoter bullish about Munish Forge?

Are mutual funds buying/selling Munish Forge?