MM Forgings Limited Reports FY 2025-26 Business Responsibility and Sustainability Highlights

MM Forgings Limited Reports FY 2025-26 Business Responsibility and Sustainability Highlights​

MM Forgings Limited has detailed its operational, environmental, and social performance for the financial year 2025-26, highlighting significant growth in its manufacturing capabilities, workforce development, and commitment to sustainability. The company, which operates across multiple industrial segments including commercial vehicles, passenger cars, and off-highway vehicles, remains a key player in the global metal forgings market.

Operational and Market Presence​

The company maintains a strong domestic and international footprint, with operations spanning 36 states in India and presence in 16 countries. Exports account for 35.5% of the total turnover. The manufacturing of forged products, specifically steel forgings, remains the core business activity, contributing to 93.42% of the entity's turnover.

The operational scale includes:

• National Presence: 10 plants and 1 office.
• International Presence: No current physical plants/offices (distributed across 16 countries).

Workforce and Diversity​

MM Forgings Limited reported a total workforce of 2,972 individuals, including 1,844 employees. The company maintains an inclusive workplace, with women representing 14% of the total employee population and 20% of the Board of Directors.

Employee and Worker Statistics (FY 2025-26)​

The company reported a 100% return to work and retention rate for female employees who took parental leave during the period.

Sustainability and Environmental Performance​

The company has intensified its focus on green energy and waste management. During FY 2025-26, total energy consumption reached 5,00,945 GJ, with a significant portion sourced from renewable sources.

Energy Consumption Data (GJ)​

In terms of water management, the company manages a total withdrawal and consumption of 40,925 kiloliters. It has implemented a Zero Liquid Discharge (ZLD) mechanism using Agitated Thin Film Dryers (ATFD) to manage industrial effluent.

Waste Management Summary​

The company reported a reduction in waste intensity per rupee of turnover compared to the previous year:

• FY 2025-26: 0.0042 (kl / ₹ crore)
• FY 2024-25: 0.0049 (kl / ₹ crore)

Governance and Social Responsibility​

MM Forgings Limited maintains a robust corporate governance framework, including an Anti-Corruption Compliance Policy and a Whistle-Blower Policy. The company reported zero incidents of corruption or bribery involving its Directors, KMPs, or employees during the financial year.

The entity also participates in various trade and industry associations to influence public policy and remain updated on industry standards:
1. Association of Indian Forging Industry (AIFI)
2. Confederation of Indian Industry (CII)
3. Indian Society for Non-Destructive Testing (ISNT)
4. Engineering Export Promotion Council (EEPC India)
5. National Institute for Quality and Reliability (NIQR)
6. The Madras Chamber of Commerce and Industry (MCCI)

Corporate Social Responsibility (CSR)​

For the reporting period, the company reported a turnover of ₹ 1,528.59 crores and a net worth of ₹ 1,031.09 crores, making it eligible for CSR initiatives under the Companies Act, 2013. The company focuses on community development, including education, women empowerment, and preventive healthcare.

Safety and Health Standards​

The company continues to invest in its Environmental, Health, and Safety (EHS) framework. It is currently in the final stages of obtaining ISO 14001 and ISO 45001 certifications, with an expected completion by Q2FY27.

A structured risk assessment system is utilized to identify workplace hazards. The company reported zero incidents regarding working conditions or health and safety during the period.

MMFL Stock Price Movement​

MM Forgings Limited shares slipped by 0.02% to settle at ₹527.6 today during post-market trading. The stock reached its 52-week high while trading 127,940 shares.