Munish Forge logo

Munish Forge share price

NSE: MUNISHIndustrial Products

Munish Forge Limited · Face value ₹10 · Listed Oct 2025 · Issue price ₹96
Last close ₹82.10up ₹2.10 (2.63%)

Share price at the NSE close on 27 Oct 2026. Previous close ₹80.00.

27 Oct: open ₹84.00, high ₹84.00, low ₹80.00

52-week range of traded prices to 27 Oct 2026
₹50.20Low, 19 Mar 2026₹134.95High, 31 Oct 2025
Market cap
₹198 Cr
P/E
19.62
P/B
1.57
Dividend yield
Nonein the last 12 months
ROE
8.0%
ROCE
9.6%
Debt to equity
0.44
Volume, NSE
28,80095.8% delivered

Munish Forge share price chart

Daily closes since Oct 2025, adjusted for splits and bonuses

−34.2%over a year · Nifty SME EMERGE −7.5% · Nifty 500 −8.8%

Results20-session average 9,480 shares a day, 93.4% delivered

Results

Consolidated; ₹ crore.Munish Forge half-yearly results

Half year to Mar 2026, against the half year before

Revenue
₹100 Crup 21.28%
Net profit
₹3.08 Crdown 55.91%
Net margin
3.1%

Revenue by half year

₹83 CrSep 25₹100 CrMar 26
Peak revenue ₹100 Cr, half year to Mar 2026; lowest ₹83 Cr, half year to Sep 2025

Net profit by half year, a loss in red

₹6.99 CrSep 25₹3.08 CrMar 26
₹ croreSep 2025Mar 2026
Revenue83100
Net profit73
Net margin8.5%3.1%
Consolidated. The 2 half years from Sep 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Single segment, which carries all its revenue.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Munish Forge shareholding pattern

Shareholding by group

  • Promoters68.01%
  • Foreign institutions0.57%
  • Indian institutions0.48%
  • Individuals and others30.94%
Holder
DAVINDER BHASINPromoter45.87%
MUNISH PROMOTERS AND DEVELOPERS PRIVATE LIMITEDPromoter8.24%
DEV ARJUNA ENTERPRISES PRIVATE LIMITEDPromoter5.53%
MINAKSHI BHASINPromoter4.41%
DEV ARJUN BHASINPromoter3.96%
NNM SecuritiesCompanies2.56%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names.

Since Mar 2026: promoters unchanged, foreign institutions −1.36 pts, Indian institutions −3.11 pts.

The filing reports 1,63,69,863 of its 2,40,70,263 shares locked in.

Munish Forge competitors and peers

Castings & Forgings, 30 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Munish Forge in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Magna Electro Castings logoMagna Electro CastingsMAGNAELQ53034.103.66+8.7%−32.6%11.3%12.9%0.40%
Metalic TechnoforgeMETALIC347––––––0.00%
Kalyani Forge logoKalyani ForgeKALYANIFRG28923.313.02−2.8%+32.2%13.4%11.0%0.50%
Nitin Castings logoNitin CastingsNITINCAST22629.772.47−5.2%−46.3%8.7%6.7%0.00%
Krishanveer Forge logoKrishanveer ForgeKVFORGE14712.962.85+7.5%+89.7%24.1%21.4%2.24%
Gujarat Intrux logoGujarat IntruxGUJINTRX14413.682.18+11.2%+5.6%15.8%19.4%5.98%
Sharp Chucks and Machines logoSharp Chucks and MachinesSCML12314.87–+11.5%+4.2%8.9%–0.00%
KVS Castings logoKVS CastingsKVSCASTING12317.391.88––10.8%–0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Latest announcements

Routine notices left out.Munish Forge announcements

Munish Forge share price by year

Each calendar year to 2025.Munish Forge share price history

YearClose at year endChangeHighest closeLowest close
2025103.00–137.0595.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 8 Oct 2025.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 202680.0080.0080.0080.0080.001,200100.0%
23 Oct 202682.0082.0080.0080.0080.504,800100.0%
22 Oct 202683.0084.9083.0083.0084.368,400100.0%
21 Oct 202686.0086.0085.0085.0085.1410,800100.0%
19 Oct 202686.0586.0586.0586.0586.051,200100.0%
16 Oct 202685.0089.5084.5088.4088.1228,800100.0%
15 Oct 202685.1085.1085.1085.1085.102,400100.0%
14 Oct 202685.0085.0085.0085.0085.007,200100.0%
12 Oct 202687.5087.5087.5087.5087.501,200100.0%
Prices in ₹ per share as traded, not adjusted.

Company details

NSE symbol
MUNISH
ISIN
INE1K8Y01018
Industry
Industrial Products