MM Forgings Limited — Credit Ratings, 11-04-2026: Credit Rating

M M Forgings Limited's bank facilities, totaling over ₹1,297 Cr, have been reaffirmed by CARE Ratings Limited at 'CARE A; Stable / CARE A1'. The Stable outlook reflects expected sustained healthy business profile. This reaffirmation is supported by an established track record and strong market presence, balanced by a moderate capital structure due to debt-funded capex and dependence on the cyclical auto sector.