Munish Forge shareholders and shareholding pattern
NSE: MUNISHIndustrial Products
Munish Forge Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · 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 capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. Market capitalisation: how it is worked out
- ₹198 Cr
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 19.62
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.57
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the latest balance sheet's; the one a year before is not on record.
- 8.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 9.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.44
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 28,80095.8% delivered
Munish Forge's shareholding pattern for Sep 2026, filed on 19 Oct 2026, with every filing from Mar 2026: who owns its shares by group, its promoters by name and its public holders of 1% or more.
Who owns Munish Forge, filing by filing
Per cent of the company's shares.
Sep 2026 filing
- Promoters68.01%
- Foreign institutions0.57%
- Indian institutions0.48%
- Individuals and others30.94%
Shareholding pattern, per cent
- Promoters
- Foreign institutions
- Indian institutions
- Individuals and others
| Per cent | Mar 2026 | Sep 2026 |
|---|---|---|
| 68.01% | 68.01% | |
| Indian promoters | 68.01% | 68.01% |
| Public. Every shareholder outside the promoter group, the employee trusts and the shares held against depositary receipts, as the filing totals them. Public in the glossary | 31.99% | 31.99% |
| Shares in issue | 2,40,70,263 | 2,40,70,263 |
| Shares locked inShares locked in. Shares the filing reports as barred from sale until a set day, such as promoters' shares after a public issue or shares allotted to an investor directly. Shares locked in in the glossary | 1,63,69,863 | 1,63,69,863 |
| Promoters' shares locked in | 1,63,69,861 | 1,63,69,861 |
A dash is a line the filing did not state.
Munish Forge promoters
Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is DAVINDER BHASIN, 45.87%. The filing names 24 more members with no shares.
| Holder | |||
|---|---|---|---|
| DAVINDER BHASINIndividuals and Hindu undivided families | 45.87% | 1,10,41,330 | 100.00% |
| MUNISH PROMOTERS AND DEVELOPERS PRIVATE LIMITEDIndian companies, trusts and others | 8.24% | 19,83,305 | 100.00% |
| DEV ARJUNA ENTERPRISES PRIVATE LIMITEDIndian companies, trusts and others | 5.53% | 13,32,000 | 100.00% |
| MINAKSHI BHASINIndividuals and Hindu undivided families | 4.41% | 10,61,225 | 100.00% |
| DEV ARJUN BHASINIndividuals and Hindu undivided families | 3.96% | 9,52,000 | 100.00% |
| VISHESH KUMARIndividuals and Hindu undivided families | 0.00% | 1 | 100.00% |
No promoter shares are reported as pledged. Locked in is the share of the holder's own shares that cannot be sold yet, as after a listing or an allotment.
Largest public holders of Munish Forge, filing by filing
Per cent, on the same shares as the split above.
| Holder | Mar 2026 | Sep 2026 |
|---|---|---|
| NNM SecuritiesCompanies | 3.35% | 2.56% |
| Prafful AgarwalResident individuals, over ₹2 lakh at face value | – | 1.70% |
| Shreya YadavNon-resident Indians | 1.62% | 1.62% |
| NNM Nextgen Advisory Private LimitedCompanies | 2.56% | 1.52% |
| Integral technology Private LimitedCompanies | – | 1.41% |
| MalaResident individuals, over ₹2 lakh at face value | – | 1.32% |
| Chaubara Eats Private LimitedCompanies | – | 1.21% |
| Shikha BhasinResident individuals, over ₹2 lakh at face value | – | 1.21% |
| Caprite Advisors PrivateCompanies | – | 1.13% |
| Sandeep Kumar HUFOther non-institutions | – | 1.04% |
| RGSL INVESTMENT FUND-RGSL INVESTMENT LVF 1Alternative investment funds | 2.97% | – |
| Gretex Share Broking LimitedCompanies | 2.21% | – |
| SAINT CAPITAL FUNDForeign portfolio investors, category I | 1.44% | – |
A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.
Who moved in the Sep 2026 filing
Against the Mar 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.
- Foreign institutions: SAINT CAPITAL FUND no longer named, from 1.44%
- Indian institutions: RGSL INVESTMENT FUND-RGSL INVESTMENT LVF 1 no longer named, from 2.97%
- Individuals and others: Gretex Share Broking Limited no longer named, from 2.21%; Prafful Agarwal newly named at 1.70%; Integral technology Private Limited newly named at 1.41%; 7 more moved