MM FORGINGS
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The Current P/E Ratio of MM FORGINGS is 19.88.
Share Price | ₹1,055.0 | Apr 24,2024 |
Market Cap | ₹2,542.6 Cr | |
Earnings-TTM | ₹127.9 Cr | TTM-Consolidated Results |
Price/Earnings | 19.88x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MM FORGINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,542.6 Cr] as on Apr 24,2024
(/) Earnings [ ₹127.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 19.88x ]
Thus, for MM FORGINGS , the investors are currently willing to pay 19.88 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of MM FORGINGS !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of MM FORGINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of MM FORGINGS
PE Ratio Performance Analysis for MM FORGINGS
- MM FORGINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.07x.
- MM FORGINGS 's operated at median p/e ratio of 16.65x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MM FORGINGS 's p/e ratio peaked in Mar2021 at 25.95x.
- MM FORGINGS 's p/e ratio hit its five-year low in Mar2020 of 9.56x.
How does MM FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MM FORGINGS | 127.92 | 19.88 | 2,542.6 |
BHARAT FORGE LTD | 806.53 | 70.55 | 56,904.2 |
CIE AUTOMOTIVE INDIA LTD | 562.34 | 32.86 | 18,476.8 |
RAMKRISHNA FORGINGS LTD | 316.54 | 43.92 | 13,902.5 |
LGB FORGE LTD | -8.31 | -30.79 | 255.8 |
HILTON METAL FORGING LTD | 8.63 | 28.97 | 249.9 |
KALYANI FORGE LTD | 4.61 | 33.75 | 155.5 |
SAMRAT FORGINGS LTD | 3.40 | 44.39 | 151.0 |
TIRUPATI FORGE LTD | 6.86 | 26.49 | 181.8 |
GANGA FORGING LTD | 1.94 | 58.41 | 113.4 |
Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -30.79x |
Max industry PE | 70.55x |
Median industry PE | 33.75x |
Average industry PE | 32.84x |
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