External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

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<p>Prices of key raw materials, steel and aluminium, witnessed a steep increase in the past six months. The company has input cost pass-through arrangements with clients (albeit with a small time lag) and, hence, has been relatively unaffected. Solid offtake prospects domestically and abroad are seen leading to MMF deriving operating leverage benefits as capacity utilisation levels improve.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Prices of key raw materials, steel and aluminium, witnessed a steep increase in the past six months. The company has input cost pass-through arrangements with clients (albeit with a small time lag) and, hence, has been relatively unaffected. Solid offtake prospects domestically and abroad are seen leading to MMF deriving operating leverage benefits as capacity utilisation levels improve.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

MM Forgings: Excellent Delivery; Broad-Based Positivity Persists

India

Prakash Industries Limited manufactures steel, ferro alloys, and PVC pipes. The Company exports iron ore and silico manganese.

Good Luck Steel Tubes Limited manufactures black and galvanized tubes and pipes.

Ashapura Minechem Limited specializes in the mining and processing of Bauxite and Bentonite, in both lump and powder forms.

Tata Metaliks Ltd. manufactures foundry grade pig iron. The Company manufactures customized derivatives of pig iron for specific end-uses.

Maithan Alloys, Ltd. provides coal based power project.  The Company specializes in ferro alloy and silicones.

Tata Steel Long Products Limited manufactures sponge iron and sponge iron products. Tata Iron & Steel Company (TISCO) is a majority shareholder in the company.

Pennar Industries Limited manufactures metal products for the infrastructure, construction, railways, automotive and general engineering sectors.

Shivalik Bimetal Controls Limited manufactures bimetal products. The Company supplies these products worldwide to original equipment manufacturers in the automotive, aviation, electronics, medical, and domestic appliances industries.

Mukand Limited is a diversified manufacturer of steel and steel products. The Company's products include wire rods, special steel bars and rods, high carbon steel, and steel and alloy castings. Mukand also manufactures cranes, steel plant equipment, cement plant equipment and machine tools. A few end products of Mukund are components for military hardware, umbrella ribs, and axle shafts.

Indian Metals & Ferro Alloys Ltd. manufactures ferro alloys.  The Company produces ferro chrome, ferro silicon, high purity ferro silicon, and ferro silicon magnesium.

Changchun Gas Co., Ltd. produces metallurgical coke and distributes gas for commercial or residential use in Changchun and Yanji, China. The Company also provides gas pipe installation service.

Tang Eng Iron Works Co Ltd engages in stainless steel production and distribution.

KISWIRE Ltd. manufactures secondary steel products, such as wire ropes and wire strands for electric wire and springs.  The Company markets to the shipbuilding and construction industries, and exports products to overseas markets.  KISWIRE also has a financial subsidiary.

YC INOX Co., Ltd. manufactures stainless steel pipes and sheets.

Xingfa Aluminium Holdings Ltd manufactures architectural and industrial aluminum profiles. The Company's products include sliding windows, casement windows, sliding doors, and others. Xingfa also offers equipment, such as fusion casting, extrusion, surface treatment, vertical coating, fluorocarbon coating, and mould making center equipment.

Juli Sling Co Ltd. develops, designs, manufactures and sells sling products. The Company's products include textile sling, steek wire rope sling, steel tie rod, cable, and metallurgy clamp.

Pantoro Limited operates as a mineral exploration and production company. The Company explores gold and other metals. Pantoro serves customers in Australia.

Henan Hengxing Science & Technology Co., Ltd. manufactures and markets tire steel wire cord, rubber tube steel wire, galvanized steel wire and steel stranded wire.

BGRIMM Magnetic Materials & Technology Co., Ltd. produces and develops permanent magnetic ferrite materials, adhesive permanent magnet, and permanent magnetic ferrite sintered devices.

Luyin Investment Group Co., Ltd. invests in various industries which include pharmaceuticals, woolen products and real estate development. The Company also produces metals for industrial use.

M.M.Forgings Limited manufactures steel forgings in raw, and various grades of carbon, alloy, micro alloy, and stainless steel.

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M.M. Forgings (MMFG IN)

MM Forgings: Excellent Delivery; Broad-Based Positivity Persists

Prices of key raw materials, steel and aluminium, witnessed a steep increase in the past six months. The company has input cost pass-through...

ICICI Securities Limited

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