MM Forgings Limited — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

MM Forgings saw Q3 FY'26 sales up 11.3% YoY, with gross margins rising 3% to 56.34% for 9M FY'26. Management projects 15-20% growth (approx. INR300 Cr) for FY'27, fueled by recovering US Class 8 truck demand and domestic CV market. Strategic cost savings of INR40-45 Cr from interest and power are targeted. The 16,500-ton press will contribute significantly from FY'28-29. EV subsidiary Abhinava Rizel seeks its first major customer. Net debt is INR1065 Cr; a rights issue is being considered. Confident outlook, targeting INR3000 Cr turnover with 20% EBITDA by 2030.