Munish Forge Ltd (MUNISH) — shareholding pattern, promoter holding, financials and share price
About Munish Forge Ltd (MUNISH)
Munish Forge Ltd operates in the Aerospace & Defense industry, within the Capital Goods sector. It trades on the NSE as MUNISH and on the BSE under scrip code 95401. Its ISIN is INE1K8Y01018.
Incorporated in July 1986, Munish Forge Limited manufactures components, including flanges, scaffolding, auto parts, tank tracks, bomb shells, fence posts, and steel accessories. [1]
Munish Forge Limited specializes in manufacturing forging and casting components for industries such as defense, oil and gas, and infrastructure. It is a key supplier to the Indian Army, producing critical components like battle tank track chains and bomb shells.
The company has successfully launched an IPO, marking its transition to a public entity and raising capital to support its growth strategies. It expects a revenue of approximately 205 CR for FY 2026, with a focus on increasing profitability through defense products.
Listed peers in Aerospace & Defense: Taneja Aerospace & Aviation Ltd, Apsis Aerocom Ltd, Digilogic Systems Ltd, Techera Engineering India Ltd.
Valuation & Returns
10 Jul 2026At ₹68 a share on 10 Jul 2026, Munish Forge Ltd (MUNISH) was valued at a price-to-earnings ratio of 16.25x against an industry P/E of 46.65x and a price-to-book of 1.3x on a book value of ₹52.45 per share. Solomo computes return on equity of 7.97% and return on capital employed of 10.2% from filed results.
- P/E
- 16.25x
- Industry P/E
- 46.65x
- P/B
- 1.3x
- EPS (TTM)
- ₹8.7
- Book value / share
- ₹52.45
- ROE
- 7.97%
- ROCE
- 10.2%
- ROA
- 5.03%
- Debt / equity
- 0.45x
- Dividend yield
- 0%
- EBITDA margin
- 12.36%
- 52-week range
- ₹50.2 – ₹143
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Munish Forge Ltd (MUNISH) reported revenue of ₹183 crore, net profit of ₹10 crore and earnings per share of ₹4.18. That compares with revenue of ₹175 crore and net profit of ₹14 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹100 crore and net profit ₹3 crore (consolidated).
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Revenue (₹ cr) | 159 | 175 | 183 |
| Net profit (₹ cr) | 4 | 14 | 10 |
| EPS (₹) | 45.56 | 8.07 | 4.18 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | 29.53% | 9.73% |
| Profit growth | 197.88% | 225.74% |
Ownership Summary
Mar 2026As of Mar 2026, promoters hold 68.01% of Munish Forge Ltd (MUNISH). Market capitalisation was ₹164 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2026.
Largest disclosed public shareholders in Mar 2026: NNM Securities 3.35%, RGSL INVESTMENT FUND-RGSL INVESTMENT LVF 1 2.97%, NNM Nextgen Advisory Private Limited 2.56%, Gretex Share Broking Limited 2.21%, Shreya Yadav 1.62%, SAINT CAPITAL FUND 1.44%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2026 | 68.01% | - | - | - | - |