M M Forgings Limited (NSE:MMFL)

M M Forgings Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	1,977	986.66	1,232	1,350	1,280	909.95
Depreciation & Amortization	1,108	1,031	932.58	828.07	788.13	677.66
Loss (Gain) From Sale of Assets	-648.37	-5.49	-0.57	-13.03	-4.51	-14
Other Operating Activities	546.82	656.94	247.43	503.15	275.12	298.95
Change in Accounts Receivable	-1,085	-707.3	-218.72	-287.84	-120.83	-371.25
Change in Inventory	-139.87	76.39	32.16	-391.14	-1,020	-240.02
Change in Accounts Payable	249.93	336.22	-421.05	-673.41	321.11	105.96
Change in Other Net Operating Assets	-78.09	-98.29	12.14	170.47	84.56	137.01
Operating Cash Flow	1,931	2,276	1,816	1,487	1,603	1,504
Operating Cash Flow Growth	6.28%	25.34%	22.17%	-7.27%	6.57%	639.36%

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-1,719	-1,899	-4,027	-2,538	-2,012	-1,134
Sale of Property, Plant & Equipment	786.41	21.08	0.77	28.88	8.83	24.76
Investment in Securities	-116.23	-60	190	-5.46	3.6	-280
Other Investing Activities	107.45	117.79	254.59	193.49	127.43	133.54
Investing Cash Flow	-941.71	-1,820	-3,582	-2,321	-1,872	-1,256

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	376.88	239.44	1,007	764.89	103.09
Long-Term Debt Issued	-	1,628	3,459	1,576	809.75	1,465
Total Debt Issued	599.64	2,005	3,698	2,583	1,575	1,568
Short-Term Debt Repaid	-	-8.14	-	-	-	-
Long-Term Debt Repaid	-	-1,429	-1,232	-1,195	-928.21	-960.2
Total Debt Repaid	-430.89	-1,437	-1,232	-1,195	-928.21	-960.2
Net Debt Issued (Repaid)	168.75	567.7	2,466	1,388	646.43	607.82
Issuance of Common Stock	-	-	241.41	-	-	-
Common Dividends Paid	-193.13	-193.13	-193.13	-144.85	-144.85	-120.7
Other Financing Activities	-710.76	-755.69	-667.36	-472.04	-336.69	-345.95
Financing Cash Flow	-735.14	-381.12	1,847	770.68	164.89	141.17

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Miscellaneous Cash Flow Adjustments	0	0	-0	-	-	-
Net Cash Flow	254.21	75.02	81.33	-63.87	-103.66	389.89

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	211.72	377.26	-2,211	-1,051	-408.41	370.42
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	1.17%	2.37%	-14.50%	-6.73%	-2.79%	3.25%
Free Cash Flow Per Share	4.39	7.82	-45.80	-21.78	-8.46	7.67
Levered Free Cash Flow	1,274	-619.87	-2,842	-1,986	-877.63	-254.3
Unlevered Free Cash Flow	1,734	-131.12	-2,468	-1,722	-692.85	-81.02

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	386.63	782.01	667.36	472.04	336.69	321.14
Cash Income Tax Paid	192.19	168.83	590.51	319.97	424.13	292.04
Change in Working Capital	-1,053	-392.98	-595.46	-1,182	-735.11	-368.3

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error