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₹87

▲ +4 +4.82%

As of 06 Nov 2026 · delayed

NSE Listed

Munish Forge Limited (MUNISH)

Volume: 32,400Avg Vol 1W: 11,520Avg Vol 1M: 9,84052W Range:₹50.2₹132
NSE BSE www.munishforge.com AI Report
Key Ratios
Checked 9h ago
Market Cap₹209 Cr
Current Price₹87
Previous Close₹83
High / Low (52w)₹132 / ₹50.2
Volume32,400
Avg Vol (1W)11,520
Avg Vol (1M)9,840
Stock P/E38.51
Book Value₹52.64
Dividend Yield0%
ROE8.31%
ROA491.5%
Revenue (TTM)₹184 Cr
Revenue Growth9.7%
Profit Margin8.77%
Total Debt₹11 Cr
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹0
P/B1.65
Debt / Equity0.61
50 DMA₹85.86
200 DMA₹75.36
Day change+4.82%
Price Chart
₹87▼ 32.56% · 1Y
₹129₹546.4L
2025-11-06
2026-11-06

20-day avg volume: 10K shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 36% YoY.
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹80 Cr₹125 Cr₹161 Cr₹162 Cr₹179 Cr₹184 Cr
EBITDA₹4 Cr₹6 Cr₹7 Cr₹10 Cr₹24 Cr₹19 Cr
Net Profit₹0 Cr₹1 Cr₹2 Cr₹4 Cr₹14 Cr₹10 Cr
EPS1.720.871.22.688.74.82
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹113 Cr₹121 Cr₹107 Cr₹113 Cr₹162 Cr₹210 Cr
Total Liabilities₹77 Cr₹87 Cr₹71 Cr₹73 Cr₹94 Cr₹83 Cr
Equity₹36 Cr₹34 Cr₹36 Cr₹41 Cr₹67 Cr₹126 Cr
Total Debt₹17 Cr₹12 Cr₹13 Cr———
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹-2 Cr₹6 Cr₹21 Cr₹6 Cr₹10 Cr₹-32 Cr
Investing₹0 Cr₹1 Cr₹0 Cr₹-5 Cr₹-10 Cr₹-6 Cr
Financing₹3 Cr₹-5 Cr₹-14 Cr₹-8 Cr₹8 Cr₹51 Cr
Free Cash Flow₹-2 Cr₹6 Cr₹21 Cr₹6 Cr₹10 Cr₹-32 Cr
Shareholding
Promoter 68.01% Institutions 1.05% Public 30.94%
Efficiency & Working Capital
ROCE10.2%
Interest Coverage3.2
Dividend Payout—
Debtor Days83 d
Inventory Days137 d
Payable Days19 d
Cash Conversion Cycle200 d
Working Capital Days220 d
Shareholding Details

As of 2026-09-30

Promoter68%
FII0.6%
DII0.5%
Institutions1%
Public30.9%
Promoter Pledge0%
No. of Shareholders516
Shareholding Pattern

Quarterly — figures in %. Latest 7 quarters.

PeriodMay 2025May 2025Sept 2025Oct 2025Oct 2025Mar 2026Sept 2026
Promoters100%100%100%68%68%68%68%
FIIs0%0%0%5.1%5.1%1.9%0.6%
DIIs0%0%0%9.2%9.2%3.6%0.5%
Public0%0%0%17.7%17.7%26.5%30.9%
Promoter Pledge0%0%0%0%0%0%0%
No. of Shareholders8881,3961,396527516
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Davinder BhasinShareholding of Promoter and Promoter Group45.9%1.10 Cr
Munish Promoters And Developers Private LimitedShareholding of Promoter and Promoter Group8.2%19,83,305
Dev Arjuna Enterprises Private LimitedShareholding of Promoter and Promoter Group5.5%13,32,000
Minakshi BhasinShareholding of Promoter and Promoter Group4.4%10,61,225
Dev Arjun BhasinShareholding of Promoter and Promoter Group4%9,52,000
Nnm SecuritiesPublic Shareholding2.6%6,15,600
Prafful AgarwalPublic Shareholding1.7%4,09,200
Shreya YadavPublic Shareholding1.6%3,90,000
Nnm Nextgen Advisory Private LimitedPublic Shareholding1.5%3,66,000
Integral Technology Private LimitedPublic Shareholding1.4%3,39,600
MalaPublic Shareholding1.3%3,16,800
Shikha BhasinPublic Shareholding1.2%2,90,400
Chaubara Eats Private LimitedPublic Shareholding1.2%2,91,600
Caprite Advisors PrivatePublic Shareholding1.1%2,71,200
Sandeep Kumar HufPublic Shareholding1%2,49,600
Vishesh KumarShareholding of Promoter and Promoter Group0%1
Balraj Kumar BhasinShareholding of Promoter and Promoter Group0%0
Urvashi TalwarShareholding of Promoter and Promoter Group0%0
Raj Rani MittalShareholding of Promoter and Promoter Group0%0
Gaisu Bhasin GoelShareholding of Promoter and Promoter Group0%0
Yasica Bhasin AnandShareholding of Promoter and Promoter Group0%0
Savina BerryShareholding of Promoter and Promoter Group0%0
Taniya SethiShareholding of Promoter and Promoter Group0%0
Shakti Kumar SethiShareholding of Promoter and Promoter Group0%0
Ruble SethiShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Davinder K BhasinED / MD / Promoter2025
Dev Arjun BhasinExecutive Director & CEO2025
VISHAL ANANDExecutive Director2025
Priya BeganaIndependent Non Exe. Director2025
Arshdeep Singh BediIndependent Non Exe. Director2025
Khushvinder Bir SinghIndependent Non Exe. Director2025
Sukhdeep KaurCompany Sec. & Compli. Officer2025
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10252424
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20250001596113
2025000155974
2025000189
Company Information
Incorporated1986
AuditorVinay & Associates
Investor Email[email protected]
🌐 www.munishforge.com ↗

📍 Village Gobindgarh Adjoining-, Phase VII Focal Point, Ludhiana, Punjab, 141010

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