MM Forgings Limited — Investor Meet, 09-03-2026: Analysts/Institutional Investor Meet/Con. Call Updates

MM Forgings forecasts 20% growth in FY27, leveraging a strong US truck market rebound (driven by EPA norms) and significant past investments. While FY26 faced customer delays and a US sales dip (from 17% to 9% of revenue), Q3 showed recovery. New 16,500-ton and 4,000-ton presses will boost capacity, targeting 90,000+ tons utilization. Operational efficiency gains include 45-50 Cr annual savings from green power and interest costs. Debt of 1,200 Cr is expected to remain static. The company also revealed a 70 Cr investment in Abinava Rize (EV motors), with a 1 Cr monthly burn. Management is focused on execution and harnessing remaining potential.