Day Price Range 2.6% 1 Day return	82.1 (LTP) 8084 LowHigh
Week Price Range 2.6% 1 Week return	82.1 (LTP) 8084 LowHigh
Month Price Range -8.8% 1 Month return	82.1 (LTP) 8090 LowHigh
52 Week Price Range -37.5% 1 Year return	82.1 (LTP) 50.2132.7 LowHigh

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Competitors/Peers

Annual

Balance Sheet

Ratios

Cash Flow

Documents

Munish Forge annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

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POSITIVE
Annual Revenue Munish Forge Mar-2026 Annual Revenue is Rs 184 Cr which is growth of 2.6% YoY.
NEGATIVE
Annual Net Profit Munish Forge Mar-2026 Annual Net Profit is Rs 11 Cr which is growth of -27.1% YoY.

Munish Forge Ltd., Annual, standalone, All financials are in INR Cr and price data in INR
Indicator	CAGR 3 Yrs	CAGR 5 Yrs	Mar '26	Mar '25	Mar '24	Mar '23	Mar '22	Mar '21	Mar '20	Mar '19	Mar '18	Mar '17	Mar '16
SR_A Total Rev. Ann. ⌄	4.5%	18.1%	183.8	179.1	161.4	161.1	124.8	80	123.9	135	119	103.2	118.9
TotalOperatingRevenues_A Operating Rev. Ann.	5.1%	19.9%	182.6	175.5	156.6	157.2	122.2	73.6	119.9	130.3	115	100.1	115
OI_A Other Income Ann.	-34.4%	-29.7%	1.1	3.6	4.8	3.9	2.6	6.4	4	4.7	4	3.2	3.9
OEXPNS_A Operating Exp. Ann.	2.2%	17.4%	161.2	151.1	148.2	150.8	114.9	72.2	113.7	126.1	110.3	95	110.3
OEXPNS_A Operating Exp. Ann.	2.2%	17.4%	161.2	151.1	148.2	150.8	114.9	72.2	113.7	126.1	110.3	95	110.3
OP_A Operating Profit Ann.	48.8%	75.1%	21.4	24.4	8.4	6.5	7.3	1.3	6.2	4.3	4.7	5.1	4.7
OPMPCT_A OPM Ann. %	42.6%	47.5%	11.66%	13.61%	5.21%	4.02%	5.84%	1.67%	5.01%	3.16%	3.96%	4.95%	3.97%
TotalExpenses_A Total Exp. Ann. ⌄	2.7%	16.4%	170.9	159.5	154.9	158	123.2	79.9	121.9	133.4	117.4	102	117.2
OtherExpenses_A Other Exp. Ann.	2.8%	10.6%	35.1	23.5	20.2	32.3	35	21.2	30.6	36	30.5	24.3	30.4
EmployeeBenefitExpenses_A Employee Exp. Ann.	-2.1%	1.1%	13.5	13.1	16.5	14.4	15.3	12.8	16.3	15.4	14.3	13.8	13.1
CostOfPowerPurchased_A Cost Of Power Purchased Ann.	-	-
CostOfFuel_A Cost Of Fuel Ann.	-	-
EBIDT_A EBITDA Ann.	29.9%	24%	22.6	28	13.2	10.3	9.9	7.7	10.2	9	8.7	8.3	8.6
EBIDTPCT_A EBITDA Ann. margin %	24.1%	5%	12.28%	15.62%	8.20%	6.42%	7.92%	9.64%	8.23%	6.64%	7.34%	8.02%	7.26%
INT_A Interest Ann.	10.5%	10%	5.8	5.1	4.1	4.3	4.7	3.6	4.3	3.9	3.9	3.8	3.8
DEP_A Depr.	10.4%	-0.5%	3.9	3.4	2.6	2.9	3.6	4	4	3.5	3.2	3.2	3.2
PBT_A PBT Ann.	60.8%	164.3%	12.9	19.5	6.5	3.1	1.6	0.1	1.9	1.6	1.6	1.2	1.6
TAX_A Tax Ann.	58.7%	-	2.4	5.1	1.5	0.6	-0.1	-0.1	0.2	0.2	0.2	0.2	0.1
PAT_A PAT Before ExtraOrdinary Items Ann. ⌄	59.2%	120.8%	10.5	14.4	5	2.6	1.8	0.2	1.8	1.4	1.4	1.1	1.5
IncomeMinorityInterest_A Minority Interest Income Ann.	-	-	-	-	-	-	-	-	-	-	-	-	-
NP_A Net Profit Ann.	59.2%	120.8%	10.5	14.4	5	2.6	1.9	0.2	1.8	1.4	1.4	1.1	1.5
NETPCT_A NPM Ann. %	52.6%	92.1%	5.76%	8.23%	3.19%	1.62%	1.54%	0.22%	1.49%	1.10%	1.21%	1.06%	1.33%
EPS_adj_A EPS Adj. latest Ann.	58.7%	113.2%	4.4	6	2.1	1.1	0.8	0.1	0.8	0.6	0.6	0.4	0.6

*All financials are in INR Cr and price data in INR

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Total Rev. Ann.

1Y CHG

2.6%

2Y CAGR

6.7%

3Y CAGR

4.5%

5Y CAGR

18.1%

7Y CAGR

4.5%

10Y CAGR

4.5%

Total Revenue Annual growth is lower than historical averages.

Net Profit Ann.

1Y CHG

-27.1%

2Y CAGR

44.9%

3Y CAGR

59.2%

5Y CAGR

120.8%

7Y CAGR

33.4%

10Y CAGR

21.5%

Net Profit Annual is falling faster than historical averages.

Operating Exp. Ann.

1Y CHG

6.7%

2Y CAGR

4.3%

3Y CAGR

2.2%

5Y CAGR

17.4%

7Y CAGR

3.6%

10Y CAGR

3.9%

Operating Expenses Annual Cr growth is stable compared to historical averages.

Munish Forge Technical Analysis

Munish Forge EMA & SMA

Bearish-6

1 bullish, 7 bearish

Bullish1

Bearish7

5 Day	82.2
10 Day	83.8
12 Day	84.3
20 Day	85.5

26 Day	85.8
50 Day	84.4
100 Day	81.8
200 Day	85.3

Munish Forge Delivery And Volume

Daily Avg. Delivery Volume %

27 Oct, 202695.8%

Week96.0%

Month94.8%

Legend

Positive IndicatorNeutral IndicatorNegative Indicator

Munish Forge Resistance and Support

82.03

Pivot

First Resistance	84.1
Second Resistance	86.0
Third Resistance	88.1

First Support	80.1
Second Support	78.0
Third Support	76.1

Day RSI	43.1
Day MACD	-1.5
Day MFI	52.2
Day MACD Signal Line	-0.4

Munish Forge Beta

1 Month	-0.9
1 Year	-0.8

3 Month	-1.1
3 Year	-

Munish Forge Price Change Analysis

↓-8.8%

Over 1 Month

LowHigh

8090

↑11.9%

Over 3 Months

LowHigh

73.1102.4

↑19.2%

Over 6 Months

LowHigh

55.3102.4

↓-37.5%

Over 1 Year

LowHigh

50.2132.7

Munish Forge Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026

Name	Category	Shares	Shares %
Davinder Bhasin	Promoter	11,041,330	45.9 %
Nnm Securities	Public	615,600	2.6 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Munish Forge Deals - Insider, Bulk, Block and SAST

Client Name	Deal Type	Action	Date	Avg. Price	Quantity	Exchange
NNM SECURITIES PVT LTD	Bulk	Sell	04 Aug 2026	80.50	124,800	NSE
CAPRITE ADVISORS PRIVATE LIMITED	Bulk	Purchase	04 Aug 2026	80.50	123,600	NSE
NNM SECURITIES PVT LTD	Bulk	Purchase	04 Aug 2026	80.90	2,400	NSE
CAPACIOUS WEALTH MANAGEMENT LLP	Bulk	Sell	14 Jul 2026	69.05	189,600	NSE
VIPIN DAGA	Bulk	Sell	14 Jul 2026	69	157,200	NSE
NEHA MADHOK	Bulk	Purchase	14 Jul 2026	69	145,200	NSE
GIRIRAJ STOCK BROKING PRIVATE LIMITED	Bulk	Sell	13 Jul 2026	69	144,000	NSE
NEHA MADHOK	Bulk	Purchase	13 Jul 2026	69	144,000	NSE
RGSL INVESTMENT LVF 1	Bulk	Sell	19 Jun 2026	66.08	201,600	NSE
MALA	Bulk	Purchase	19 Jun 2026	65.03	187,200	NSE

All deals

All insider trades

Munish Forge Corporate Actions

Munish Forge Board Meetings

Munish Forge past and upcoming board meetings.

#Ex-Date	Purpose	Notes
129 Aug 2026	Other business matters	-
229 May 2026	Audited Results & Others	To consider other business matters.
314 Nov 2025	Quarterly Results	-

All Corporate Actions

Munish Forge DocumentsAsk MarketMind AI

Munish Forge Credit Ratings

Munish Forge credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

Date	Rating Agency	Company Name	Description	Links
06 Oct 2026	brickwork ratings	Munish Forge	BWR A3: Munish Forge Ltd.(Erstwhile Munish Forge Pvt. Ltd.) Short Term Bank Loan \u20b93.50 Crore	Link
28 Sep 2026	crisil ratings	Munish Forge Limited	Munish Forge Limited:Ratings Withdrawn	Link

Munish Forge - Company Profile

Munish Forge Management Structure

Munish Forge management structure with salaries, total experience, and qualifications.

NAME	DESIGNATION	GROSS REMUNERATION ₹(LAC)	AS OF
Sukhdeep Kaur	Company Secretary,Compliance Officer	-	Mar 26
Mr. Manoj Kumar Pandey	Chief Financial Officer	-	Mar 26
Dev Arjun Bhasin	Executive Director,Chief Executive Officer	-	Mar 26

Munish Forge Board of Directors

Munish Forge Board of directors with salaries, total experience, and qualifications.

NAME	POSITION	GROSS REMUNERATION ₹(LAC)	AS OF
VISHAL ANAND	Executive Director	15.66	Mar 25
Dev Arjun Bhasin	Executive Director & CEO	15	Mar 25
Sukhdeep Kaur	Company Sec. & Compli. Officer	3	Mar 25
Davinder K Bhasin	ED / MD / Promoter	-	Mar 25
Priya Begana	Independent Non Exe. Director	-	Mar 25
Arshdeep Singh Bedi	Independent Non Exe. Director	-	Mar 25
Khushvinder Bir Singh	Independent Non Exe. Director	-	Mar 25

About

Website: www.munishforge.com

About the company - Business Profile

Insufficient information

Munish Forge FAQ

Munish Forge today is trading in the green, up by 2.62% at ₹82.1.

Munish Forge is currently trading up 2.62% on an intraday basis. In the past week the stock rose 2.62%. Stock has been up 11.85% in the past quarter and fell 37.47% in the past year. You can view this in the share price history/seasonality section.

Munish Forge is listed on NSE with the ticker MUNISH. It's currently trading on NSE at a share price of ₹82.1.

The market cap of Munish Forge is ₹197.62 Cr. as of Oct 27, 2026.

Munish Forge has never announced any dividend since the time of its listing on the NSE exchange.

Munish Forge has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

Munish Forge reported ₹183.78 Cr. in revenue, ₹10.07 Cr. in net profit, and ₹22.57 Cr. in EBITD as of Mar 31, 2026 for FY25-26.

There are no analyst predictions for stock price target for Munish Forge.

The PE ratio of Munish Forge is 19.63 as of Oct 27, 2026.

The PB ratio of Munish Forge is 1.57 as of Oct 27, 2026.

There are no analyst reports for Munish Forge.

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.

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Munish Forge Live Share Price Today, Share Analysis and Chart

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Munish Forge Stock Price Analysis

Day Price Range

Week Price Range

Month Price Range

52 Week Price Range

Munish Forge - Annual

Munish Forge annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history

Annual Revenue Munish Forge Mar-2026 Annual Revenue is Rs 184 Cr which is growth of 2.6% YoY.

Annual Net Profit Munish Forge Mar-2026 Annual Net Profit is Rs 11 Cr which is growth of -27.1% YoY.

Munish Forge Technical Analysis

Munish Forge EMA & SMA

Munish Forge Delivery And Volume

Munish Forge Resistance and Support

Munish Forge Beta

Munish Forge Price Change Analysis

Munish Forge Shareholding Pattern/ Ownership

Shareholding Summary

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

Munish Forge Deals - Insider, Bulk, Block and SAST

Bulk Block Deals

Insider Trading & SAST

Munish Forge Corporate Actions

Munish Forge Board Meetings

Munish Forge past and upcoming board meetings.

Munish Forge DocumentsAsk MarketMind AI

Munish Forge Credit Ratings

Munish Forge credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

Munish Forge - Company Profile

Munish Forge Management Structure

Munish Forge management structure with salaries, total experience, and qualifications.

Munish Forge Board of Directors

Munish Forge Board of directors with salaries, total experience, and qualifications.

About the company - Business Profile

Munish Forge FAQ

How is Munish Forge today?

Munish Forge today is trading in the green, up by 2.62% at ₹82.1.

How has Munish Forge performed historically?

Munish Forge is currently trading up 2.62% on an intraday basis. In the past week the stock rose 2.62%. Stock has been up 11.85% in the past quarter and fell 37.47% in the past year. You can view this in the share price history/seasonality section.

What is the current share price of Munish Forge on NSE and BSE exchanges?

Munish Forge is listed on NSE with the ticker MUNISH. It's currently trading on NSE at a share price of ₹82.1.

What is the market cap of Munish Forge?

The market cap of Munish Forge is ₹197.62 Cr. as of Oct 27, 2026.

When did Munish Forge last pay a dividend, and what has its dividend history been?

Munish Forge has never announced any dividend since the time of its listing on the NSE exchange.

Has Munish Forge issued any bonus shares or share splits recently?

Munish Forge has never issued stock splits or bonus shares since the time of its listing on the NSE exchange.

What do the financial statements and annual reports of Munish Forge Indicate?

Munish Forge reported ₹183.78 Cr. in revenue, ₹10.07 Cr. in net profit, and ₹22.57 Cr. in EBITD as of Mar 31, 2026 for FY25-26.

What is the target share price of Munish Forge according to analyst predictions in FY26-27?

There are no analyst predictions for stock price target for Munish Forge.

What is the PE Ratio of Munish Forge?

The PE ratio of Munish Forge is 19.63 as of Oct 27, 2026.

What is the PB Ratio of Munish Forge?

The PB ratio of Munish Forge is 1.57 as of Oct 27, 2026.

Where can I check the latest Research Reports about Munish Forge?

There are no analyst reports for Munish Forge.

How can I be notified of real time alerts about Munish Forge stock?

You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.