General information about company

Scrip code*000000
NSE Symbol*MUNISH
MSEI Symbol*NOTLISTED
ISIN*INE1K8Y01018
Name of companyMunish Forge Limited
Type of companySME
Class of securityEquity
Date of start of financial year01-04-2025
Date of end of financial year31-03-2026
Date of board meeting when results were approved29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange22-05-2026
Description of presentation currencyINR
Level of roundingLakhs
Reporting TypeHalf Yearly
Reporting QuarterYearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unaudited for the quarter endedAudited
Whether results are audited or unaudited for the Year to date for current period ended/year endedAudited
Segment ReportingSingle segment
Description of single segmentSingle segment
Start date and time of board meeting29-05-2026 12:00
End date and time of board meeting29-05-2026 15:30
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated15-03-2025
Indicate Company website link for updated RPT policy of the Company https://munishforge.com/wp-content/uploads/2025/04/3.-POLICY-FOR-RELATED-PARTY-TRANSACTIONS_.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?NoThere is no Default in payment



Financial Results – Ind-AS

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-10-202501-04-2025
Date of end of reporting period31-03-202631-03-2026
Whether results are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Income
Revenue from operations10010.0318263.51
Other income60.89114.5
Total income10070.9218378.01
2Expenses
(a)Cost of materials consumed6584.4911863.44
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-57.04-596.95
(d)Employee benefit expense 709.661348.12
(e)Finance costs265.66581.71
(f)Depreciation, depletion and amortisation expense192.81386.41
(g)Other Expenses
1Other Expenses (Any item exceeding 10% of the total expenses relating to continuing operations to be shown seperately)1908.713506.26
Total other expenses1908.713506.26
Total expenses9604.2917088.99
3Total profit before exceptional items and tax466.631289.02
4Exceptional items 00
5Total profit before tax466.631289.02
6Tax expense
7Current tax153.33263.76
8Deferred tax-27.87-27.57
9Total tax expenses125.46236.19
10Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement00
11Net Profit Loss for the period from continuing operations341.171052.83
12Profit (loss) from discontinued operations before tax00
13Tax expense of discontinued operations00
14Net profit (loss) from discontinued operation after tax00
15Share of profit (loss) of associates and joint ventures accounted for using equity method00
16Total profit (loss) for period341.171052.83
17Other comprehensive income net of taxes32.71128.22
18Total Comprehensive Income for the period373.881181.05
19Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21Details of equity share capital
Paid-up equity share capital2407.032407.03
Face value of equity share capital1010
22Reserves excluding revaluation reserve10263.6
23Earnings per share
iEarnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations1.955.65
Diluted earnings (loss) per share from continuing operations1.955.65
iiEarnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations00
Diluted earnings (loss) per share from discontinued operations00
iiiEarnings per equity share (for continuing and discontinued operations)
Basic earnings (loss) per share from continuing and discontinued operations1.955.65
Diluted earnings (loss) per share from continuing and discontinued operations1.955.65
24Debt equity ratioTextual Information( 1)
25Debt service coverage ratioTextual Information( 2)
26Interest service coverage ratioTextual Information( 3)
27Disclosure of notes on financial resultsTextual Information(4)

Statement of Asset and Liabilities

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2025
Date of end of reporting period31-03-2026
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Assets
1 Non-current assets
Property, plant and equipment3921
Capital work-in-progress32.29
Investment property12.35
Goodwill0
Other intangible assets24.29
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments1321.71
Trade receivables, non-current
Loans, non-current0
Other non-current financial assets
1
2
3
4
5
Details of other non-current financial assets
Total of other non-current financial assets
Total non-current financial assets1321.71
Deferred tax assets (net)
Other non-current assets
1Other non-current assets957.23
2
3
4
5
Details of other non-current assets
Total of other non-current assets957.23
Total non-current assets6268.87
2Current assets
Inventories6837.81
Current financial asset
Current investments0
Trade receivables, current4165.3
Cash and cash equivalents685.23
Bank balance other than cash and cash equivalents1055.45
Loans, current571.99
Other current financial assets
1
2
3
4
5
Details of other current financial assets
Total of Other current financial assets
Total current financial assets6477.97
Current tax assets (net)
Other current assets
1Other current assets1414.52
2
3
4
5
Details of other current assets
Total of other current assets1414.52
Total current assets14730.3
3Non-current assets classified as held for sale
4Regulatory deferral account debit balances and related deferred tax Assets
Total assets20999.17
Equity and liabilities
1Equity
Equity attributable to owners of parent
Equity share capital2407.03
Other equity10263.6
Total equity attributable to owners of parent12670.63
Non controlling interest
Total equity12670.63
2Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current424.73
Trade Payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1Lease Liabilities33.61
2
3
4
5
Details of other non-current financial liabilities
Total of other non-current financial liabilities33.61
Total non-current financial liabilities458.34
Provisions, non-current0
Deferred tax liabilities (net)119.67
Deferred government grants, Non-current
Other non-current liabilities
1
2
3
4
5
Details of other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities578.01
Current liabilities
Current financial liabilities
Borrowings, current5173.26
Trade Payables, current
(A) Total outstanding dues of micro enterprises and small enterprises72.34
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises899.2
Total Trade payable971.54
Other current financial liabilities
1Lease Liabilities88.42
2Other Financial Liablities749.26
3
4
5
Details of other current financial liabilities
Total of other current financial liabilities837.68
Total current financial liabilities6982.48
Other current liabilities
1Other current liabilities642.75
2
3
4
5
Details of other current liabilities
Total of other current liabilities642.75
Provisions, current0
Current tax liabilities (Net)125.3
Deferred government grants, Current
Total current liabilities7750.53
3Liabilities directly associated with assets in disposal group classified as held for sale
4Regulatory deferral account credit balances and related deferred tax liability
Total liabilities8328.54
Total equity and liabilities20999.17
Disclosure of notes on assets and liabilities

Other Comprehensive Income

Date of start of reporting period01-10-202501-04-2025
Date of end of reporting period31-03-202631-03-2026
Whether results are audited or unauditedAuditedAudited
Nature of report standalone or consolidatedStandaloneStandalone
Other comprehensive income [Abstract]
1Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2Income tax relating to items that will not be reclassified to profit or loss -4.39-2.69
3Amount of items that will be reclassified to profit and loss
1Gain /(Loss) on Investments designated through OCI45.79136.23
2Valuation of Gratuity-17.47-10.70
Total Amount of items that will be reclassified to profit and loss28.32125.53
4Income tax relating to items that will be reclassified to profit or loss 0.000.00
5Total Other comprehensive income32.71128.22


Cash flow statement, indirect

ParticularsYear ended (dd-mm-yyyy)
Date of start of reporting period01-04-2025
Date of end of reporting period31-03-2026
Whether results are audited or unauditedAudited
Nature of report standalone or consolidatedStandalone
Part IBlue color marked fields are non-mandatory.
1Statement of cash flows
Cash flows from used in operating activities
Profit before tax1289.02
2Adjustments for reconcile profit (loss)
Adjustments for finance costs0
Adjustments for decrease (increase) in inventories-812.26
Adjustments for decrease (increase) in trade receivables, current-1630.34
Adjustments for decrease (increase) in trade receivables, non-current0
Adjustments for decrease (increase) in other current assets-444.28
Adjustments for decrease (increase) in other non-current assets-379.85
Adjustments for other financial assets, non-current0
Adjustments for other financial assets, current0
Adjustments for other bank balances0
Adjustments for increase (decrease) in trade payables, current-590.29
Adjustments for increase (decrease) in trade payables, non-current0
Adjustments for increase (decrease) in other current liabilities494.29
Adjustments for increase (decrease) in other non-current liabilities0
Adjustments for depreciation and amortisation expense386.41
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for provisions, current0
Adjustments for provisions, non-current0
Adjustments for other financial liabilities, current-614.55
Adjustments for other financial liabilities, non-current0
Adjustments for unrealised foreign exchange losses gains0
Adjustments for dividend income0
Adjustments for interest income104.17
Adjustments for share-based payments0
Adjustments for fair value losses (gains)0
Adjustments for undistributed profits of associates0
Other adjustments for which cash effects are investing or financing cash flow-1.32
Other adjustments to reconcile profit (loss)-1353.33
Other adjustments for non-cash items23.2
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments for reconcile profit (loss)-5026.49
Net cash flows from (used in) operations-3737.47
Dividends received0
Interest paid-581.71
Interest received0
Income taxes paid (refund)243.5
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities-3399.26
3Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities0
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property, plant and equipment20.8
Purchase of property, plant and equipment675.83
Proceeds from sales of investment property0
Purchase of investment property0
Proceeds from sales of intangible assets0
Purchase of intangible assets10
Proceeds from sales of intangible assets under development0
Purchase of intangible assets under development0
Proceeds from sales of goodwill0
Purchase of goodwill0
Proceeds from biological assets other than bearer plants0
Purchase of biological assets other than bearer plants0
Proceeds from government grants0
Proceeds from sales of other long-term assets0
Purchase of other long-term assets0
Cash advances and loans made to other parties0
Cash receipts from repayment of advances and loans made to other parties0
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received0
Interest received1.32
Income taxes paid (refund)0
Other inflows (outflows) of cash104.17
Net cash flows from (used in) investing activities-559.54
4Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries0
Payments from changes in ownership interests in subsidiaries0
Proceeds from issuing shares6102.14
Proceeds from issuing other equity instruments0
Payments to acquire or redeem entity's shares0
Payments of other equity instruments0
Proceeds from exercise of stock options0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings958.49
Repayments of borrowings1380.91
Payments of lease liabilities21.58
Dividends paid0
Interest paid581.71
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities5076.43
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes1117.63
5Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents0
Net increase (decrease) in cash and cash equivalents1117.63
Cash and cash equivalents cash flow statement at beginning of period623.04
Cash and cash equivalents cash flow statement at end of period1740.67



Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr. No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of the related party transaction ratified by the audit committeeDate of Audit Committee Meeting where the ratification was approvedValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investments
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment)Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)Notes
1MUNISH FORGE LIMITEDBHASIN INFRASTRUCTURE DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Taken571.35NA571.3500
2MUNISH FORGE LIMITEDBHASIN INFRASTRUCTURE DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Repaid440.5NA440.500
3MUNISH FORGE LIMITEDBHASIN INFRASTRUCTURE DEVELOPERS PVT LTD Group CompanyAny other transactionRent Received0.07NA0.0700
4MUNISH FORGE LIMITEDBHASIN INFRASTRUCTURE DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Outstanding567.6NA567.600
5MUNISH FORGE LIMITEDBHASIN INFRASTRUCTURE DEVELOPERS PVT LTD Group CompanyInterest paid19.44NA19.4400
6MUNISH FORGE LIMITEDDEV ARJUNA CAST & FORGE PVT. LTD. Group CompanySale of goods or services189.14NA189.1400
7MUNISH FORGE LIMITEDDEV ARJUNA CAST & FORGE PVT. LTD. Group CompanyAny other transactionRent Received0.07NA0.0700
8MUNISH FORGE LIMITEDDEV ARJUNA CAST & FORGE PVT. LTD. Group CompanyAny other transactionRent Paid17NA1700
9MUNISH FORGE LIMITEDDEV ARJUNA CAST & FORGE PVT. LTD. Group CompanyAny other transactionBalance Payable133.18NA133.1800
10MUNISH FORGE LIMITEDDEV ARJUNA ENTERPRISES (P) LTD. Group CompanyAny other transactionRent Received0.07NA0.0700
11MUNISH FORGE LIMITEDDEV ARJUNA ENTERPRISES (P) LTD. Group CompanyAny other transactionInter Corporate Loan Repaid0.43NA0.4300
12MUNISH FORGE LIMITEDDEV ARJUNA ENTERPRISES (P) LTD. Group CompanyAny other transactionBalance Receivable30.43NA30.4300
13MUNISH FORGE LIMITEDMUNISH INTERNATIONAL PVT LTD Group CompanyAny other transactionRent Received0.07NA0.0700
14MUNISH FORGE LIMITEDMUNISH INTERNATIONAL PVT LTD Group CompanyInterest paid1.35NA1.3500
15MUNISH FORGE LIMITEDMUNISH INTERNATIONAL PVT LTD Group CompanyAny other transactionInter Corporate Loan Repaid3.8NA3.800
16MUNISH FORGE LIMITEDMUNISH INTERNATIONAL PVT LTD Group CompanyAny other transactionInter Corporate Loan Outstanding27.82NA27.8200
17MUNISH FORGE LIMITEDMUNISH PROMOTERS & DEVELOPERS PVT LTD Group CompanyAny other transactionRent Received0.07NA0.0700
18MUNISH FORGE LIMITEDMUNISH PROMOTERS & DEVELOPERS PVT LTD Group CompanyInterest paid10.57NA10.5700
19MUNISH FORGE LIMITEDMUNISH PROMOTERS & DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Taken50.43NA50.4300
20MUNISH FORGE LIMITEDMUNISH PROMOTERS & DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Repaid29.5NA29.500
21MUNISH FORGE LIMITEDMUNISH PROMOTERS & DEVELOPERS PVT LTD Group CompanyAny other transactionInter Corporate Loan Outstanding236.58NA236.5800
22MUNISH FORGE LIMITEDForgeco Limited Group CompanySale of goods or services32NA3200
23MUNISH FORGE LIMITEDForgeco Limited Group CompanyAny other transactionBalance Receivable32NA3200
24MUNISH FORGE LIMITEDRajgadh Kwality Estate Promoters Pvt. Ltd Group CompanyAny other transactionRent Received0.07NA0.0700
25MUNISH FORGE LIMITEDSatya Narayan Investment and Trading Company Pvt LtdGroup CompanyAny other transactionRent Received0.07NA0.0700
26MUNISH FORGE LIMITEDTridib Industries Ltd Group CompanyAny other transactionRent Received0.07NA0.0700
27MUNISH FORGE LIMITEDTridib Industries Ltd Group CompanyAny other transactionInterest Receivable26.52NA26.5200
28MUNISH FORGE LIMITEDTridib Industries Ltd Group CompanyAny other transactionLoan Given0.02NA0.0200
29MUNISH FORGE LIMITEDDev Arjuna Intertrade Pvt. Ltd.Group CompanyAny other transactionRent Received0.07NA0.0700
30MUNISH FORGE LIMITEDEurotops India Pvt LtdGroup CompanyAny other transactionRent Received0.07NA0.0700
31MUNISH FORGE LIMITEDSh. DAVINDER KUMAR BHASIN Promoter DirectorAny other transactionLoan Repaid33.51NA33.5100
32MUNISH FORGE LIMITEDSh. DEV ARJUN BHASIN Promoter Director & CEORemuneration19.5NA19.500
33MUNISH FORGE LIMITEDSh. DEV ARJUN BHASIN Promoter Director & CEOAny other transactionLoan Repaid141.74NA141.7400
34MUNISH FORGE LIMITEDSmt. Minakashi Bhasin Promoter Any other transactionLoan Repaid76.59NA76.5900
35MUNISH FORGE LIMITEDSmt. Minakashi Bhasin Promoter Any other transactionRent Expenses6.15NA6.1500
36MUNISH FORGE LIMITEDGaisu BhasinRelative of DirectorRemuneration1.5NA1.500
37MUNISH FORGE LIMITEDDABS Collection LLP Director has significant influenceAny other transactionRent Received0.07NA0.0700
38MUNISH FORGE LIMITEDSh. Ram Lal Bhasin Charitable TrustDirector has significant influenceAny other transactionRent Received0.07NA0.0700
39MUNISH FORGE LIMITEDSeema Mehra Relative of DirectorAny other transactionReimbursement0.21NA0.2100
40MUNISH FORGE LIMITEDVishal AnandDirectorRemuneration7.73NA7.7300
41MUNISH FORGE LIMITEDVishal AnandDirectorAny other transactionReimbursement20.81NA20.8100
42MUNISH FORGE LIMITEDVishal AnandDirectorAny other transactionBalance Receivable4.46NA4.4600
43MUNISH FORGE LIMITEDVishal AnandDirectorAny other transactionBalance Payable0.4NA0.400
44MUNISH FORGE LIMITEDVishesh Mehra Relative of DirectorRemuneration7.19NA7.1900
45MUNISH FORGE LIMITEDVishesh Mehra Relative of DirectorAny other transactionReimbursement3.75NA3.7500
Total value of transaction during the reporting period2744.04



Details of Impact of Audit Qualification

Whether results are audited or unauditedAudited
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone resultsYes
Audit firm's nameWhether the firm holds a valid peer review certificate issued by Peer Review Board of ICAICertificate valid upto
1M/s. Vinay & AssociatesYes30-09-2028