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MM FORGINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MM FORGINGS is 20.28.

Share Price ₹401.2Jan 09,2026
Market Cap ₹1,937.6 Cr
Earnings-TTM₹95.5 CrTTM-Consolidated Results
Price/Earnings20.28xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MM FORGINGS

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of MM FORGINGS is calculated as :

Current Market Cap [ ₹1,937.6 Cr] as on Jan 09,2026

(/) Earnings [ ₹95.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.28x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for MM FORGINGS , the investors are currently willing to pay 20.28 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 latest p/e ratio is 20.28x.

- MM FORGINGS 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 17.08x.

- MM FORGINGS 's operated at median p/e ratio of 15.72x 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 Mar2024 of 7.79x.


How does MM FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MM FORGINGS 95.5520.281,937.6
BHARAT FORGE LTD1,087.0463.4969,016.9
CIE AUTOMOTIVE INDIA LTD599.4725.8215,478.0
RAMKRISHNA FORGINGS LTD313.6028.969,082.2
HAPPY FORGINGS LTD271.3038.7110,501.5
TIRUPATI FORGE LTD5.3683.92449.9
LGB FORGE LTD-0.68-247.00167.2
KALYANI FORGE LTD7.6029.51224.3
HILTON METAL FORGING LTD6.8717.42119.7
SAMRAT FORGINGS LTD3.7528.83108.0

Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -247.00x
Max industry PE 83.92x
Median industry PE 28.96x
Average industry PE 8.99x



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