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Option Chain
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News
Media spotlight triggers stock stock attention, sentiment.
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Munish Forge - Outcome of Board Meeting
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Munish Forge - Structural Digital Database
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Munish Forge - Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
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Munish Forge - Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Munish Forge - Certificate under SEBI (Depositories and Participants) Regulations, 2018
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Munish Forge - Outcome of Board Meeting
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Munish Forge - General Updates
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Munish Forge - General Updates
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Munish Forge - Analysts/Institutional Investor Meet/Con. Call Updates
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Munish Forge - Copy of Newspaper Publication
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Munish Forge - Analysts/Institutional Investor Meet/Con. Call Updates
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Munish Forge - Integrated Filing- Financial
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Munish Forge - Outcome of Board Meeting
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Munish Forge has submitted to BSE the Shareholding Pattern for the Period Ended October 07, 2025
Key fundamentals
Evaluate the intrinsic value of Munish Forge Ltd stock
| Name | March-24 | March-23 | March-22 | March-21 | March-20 |
|---|---|---|---|---|---|
| Assets | 90.761 | 88.6898 | 93.0655 | 82.8653 | 84.6147 |
| Liabilities | 90.761 | 88.6898 | 93.0655 | 82.8653 | 84.6147 |
| Equity | 9.6364 | 9.6364 | 9.6363 | 9.6363 | 9.6363 |
| Gross Profit | 8.4083 | 6.4708 | 7.2917 | 1.3318 | 6.2049 |
| Net Profit | 4.9961 | 2.5555 | 1.8825 | 0.166 | 1.7977 |
| Cash From Operating Activities | 3.8028 | 19.338 | 10.0121 | 0.4234 | 7.2878 |
| NPM(%) | 3.19 | 1.62 | 1.54 | 0.22 | 1.49 |
| Revenue | 156.5872 | 157.244 | 122.2077 | 73.5689 | 119.8811 |
| Expenses | 148.1789 | 150.7732 | 114.9159 | 72.237 | 113.6762 |
| ROE(%) | 6.77 | 3.46 | 2.55 | 0.22 | 2.43 |
Corporate Action
| XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
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Peers
Other companies within the same industry or sector that are comparable to Munish Forge Ltd
| Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
|---|---|---|---|---|---|---|
| Eimco Elecon (India) Ltd | 1690.80 | -1.97 | 20.65 | 0.00 | 847.84 | 0.30 |
| CIE Automotive India Ltd | 421.55 | 3.01 | 19.77 | 0.00 | 218.13 | 1.66 |
| Action Construction Equipment Ltd | 884.65 | -0.30 | 25.20 | 0.00 | 1718.20 | 0.23 |
| Hercules Investments Ltd | 159.32 | -0.34 | 64.50 | 0.00 | 174.44 | 0.00 |
Company Info
The Company was originally incorporated on July 25, 1986, as a Private Limited Company in the name of "Gaisu ForgePrivate Limited" under the provisions of the Companies Act, 1956 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, the Company was converted from a PrivateLimited Company to Public Limited Company along with name change and consequently, the name of the Company waschanged from "Gaisu Forge Private Limited" to "Munish Forge Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on May 03, 1995 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, the Company was converted from a Public Limited Company to Private Limited Company and consequently, the bearing Registration Number 06950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Subsequently, pursuant to a Special Resolution of the Shareholders passed in the Extra-Ordinary General Meeting held on November 12, 2024, the Company was again converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed from "Munish Forge Private Limited" to "Munish Forge Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 17, 2024, bearing Corporate Identification Number U28910PB1986PLC006950 by the Central Processing Centre. The Corporate Identification Number of the Company is U28910PB1986PLC006950. As on date of this Red Herring Prospectus, the Company has Eight (8) shareholders.MAJOR EVENTS AND MILESTONES :1986- The Company was established by the promoter Mr. Davinder Bhasin, under the name of "Gaisu Forge Private Limited". The primary focus was on manufacturing forged components like cycle parts, electrical insulator parts and metalwork.1995- The Company changed its name from Gaisu Forge Private Limited to Munish Forge Limited, transitioning from a private to a public entity. This shift marked a significant milestone in its growth, accompanied by the addition of new products like Flange, further expanding its business operations.1996- The Company expanded its manufacturing infrastructure by acquiring additional land alongside the current factory area, at the Focal Point, Village Gobindgarh, a major industrial area, to accommodate future growth and increased production capacity. The expansion supported the installation of more equipment and enhanced production efficiency.2002- Munish Forge Limited restructured again and change its status from limited company to a private limited company, renaming itself Munish Forge Private Limited.2004- The Company expanded its factory land by 2.77 acres to support increased production. This expansion enabled the company to streamline operations and improve workflow management.2014- Munish Forge Private Limited completed the necessary requirements to become registered with Indian Defence, allowing it to supply forged components to defence projects. This registration strengthened the company's credibility as a defence supplier.2015- The first Battle Tank Track Chain manufactured by the company was accepted by Indian Defence, marking its entry as an approved supplier for military projects. This approval led to new business opportunities within the defence sector.2017- Munish Forge Private Limited received EN 1090-2:2008 certification from SLV, Germany, demonstrating compliance with European standards for structural steel and aluminium components. The certification facilitated entry into international markets requiring strict quality standards.2019- The Company integrated Robotic Welding Arms into its production process, improving efficiency and precision. These automated systems ensure consistent welds, reduce human error, and improve production speed, leading to higher productivity and cost-effectiveness.2022- The Company added JCB-SPD as one of its OEM customers, expanding its customer base in the industrial and heavy equipment sector. This partnership reinforced the company's position as a reliable supplier in the industry.2023- Munish Forge Private Limited secured approval for T72 tank tracks, allowing it to manufacture and supply these critical components for defence applications. This approval contributed to the company's growing involvement in military vehicle manufacturing.2024- The company commenced casting operations through its new division, Dev Arjuna Cast and Forge Pvt Ltd, diversifying its product range and manufacturing capabilities. This step marked the company's expansion into casting-based production alongside forging.- Munish Forge Private Limited transitioned into a Public Limited Company, indicating an expansion in its corporate structure and potential plans for further growth and investment opportunities. This change allowed the company to explore funding options and strengthen its market position.
The Company was originally incorporated on July 25, 1986, as a Private Limited Company in the name of "Gaisu ForgePrivate Limited" under the provisions of the Companies Act, 1956 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, the Company was converted from a PrivateLimited Company to Public Limited Company along with name change and consequently, the name of the Company waschanged from "Gaisu Forge Private Limited" to "Munish Forge Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on May 03, 1995 bearing Registration Number 6950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Further, the Company was converted from a Public Limited Company to Private Limited Company and consequently, the bearing Registration Number 06950 issued by the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh. Subsequently, pursuant to a Special Resolution of the Shareholders passed in the Extra-Ordinary General Meeting held on November 12, 2024, the Company was again converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed from "Munish Forge Private Limited" to "Munish Forge Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 17, 2024, bearing Corporate Identification Number U28910PB1986PLC006950 by the Central Processing Centre. The Corporate Identification Number of the Company is U28910PB1986PLC006950. As on date of this Red Herring Prospectus, the Company has Eight (8) shareholders.MAJOR EVENTS AND MILESTONES :1986- The Company was established by the promoter Mr. Davinder Bhasin, under the name of "Gaisu Forge Private Limited". The primary focus was on manufacturing forged components like cycle parts, electrical insulator parts and metalwork.1995- The Company changed its name from Gaisu Forge Private Limited to Munish Forge Limited, transitioning from a private to a public entity. This shift marked a significant milestone in its growth, accompanied by the addition of new products like Flange, further expanding its business operations.1996- The Company expanded its manufacturing infrastructure by acquiring additional land alongside the current factory area, at the Focal Point, Village Gobindgarh, a major industrial area, to accommodate future growth and increased production capacity. The expansion supported the installation of more equipment and enhanced production efficiency.2002- Munish Forge Limited restructured again and change its status from limited company to a private limited company, renaming itself Munish Forge Private Limited.2004- The Company expanded its factory land by 2.77 acres to support increased production. This expansion enabled the company to streamline operations and improve workflow management.2014- Munish Forge Private Limited completed the necessary requirements to become registered with Indian Defence, allowing it to supply forged components to defence projects. This registration strengthened the company's credibility as a defence supplier.2015- The first Battle Tank Track Chain manufactured by the company was accepted by Indian Defence, marking its entry as an approved supplier for military projects. This approval led to new business opportunities within the defence sector.2017- Munish Forge Private Limited received EN 1090-2:2008 certification from SLV, Germany, demonstrating compliance with European standards for structural steel and aluminium components. The certification facilitated entry into international markets requiring strict quality standards.2019- The Company integrated Robotic Welding Arms into its production process, improving efficiency and precision. These automated systems ensure consistent welds, reduce human error, and improve production speed, leading to higher productivity and cost-effectiveness.2022- The Company added JCB-SPD as one of its OEM customers, expanding its customer base in the industrial and heavy equipment sector. This partnership reinforced the company's position as a reliable supplier in the industry.2023- Munish Forge Private Limited secured approval for T72 tank tracks, allowing it to manufacture and supply these critical components for defence applications. This approval contributed to the company's growing involvement in military vehicle manufacturing.2024- The company commenced casting operations through its new division, Dev Arjuna Cast and Forge Pvt Ltd, diversifying its product range and manufacturing capabilities. This step marked the company's expansion into casting-based production alongside forging.- Munish Forge Private Limited transitioned into a Public Limited Company, indicating an expansion in its corporate structure and potential plans for further growth and investment opportunities. This change allowed the company to explore funding options and strengthen its market position.
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Parent Organisation
Munish Forge Ltd.
Founded
25/07/1986
Managing Director
Mr.Dev Arjun Bhasin
NSE Symbol
MUNISHSM
FAQ
The current price of Munish Forge Ltd is
The 52-week high for Munish Forge Ltd is
The market capitalization of Munish Forge Ltd is currently This value can fluctuate based on stock price movements and changes in the number of shares outstanding.
To buy Munish Forge Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.
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The CEO of Munish Forge Ltd is Mr.Dev Arjun Bhasin, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.