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MM FORGINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MM FORGINGS is 25.43.

Share Price ₹595.5Aug 14,2026
Market Cap ₹2,876.0 Cr
Earnings-TTM₹113.1 CrTTM-Consolidated Results
Price/Earnings25.43xCalculated 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 [ ₹2,876.0 Cr] as on Aug 14,2026

(/) Earnings [ ₹113.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 25.43x ]

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 25.43 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 25.43x.

- MM FORGINGS 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 15.47x.

- 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 Mar2022 at 22.46x.

- 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 113.1025.432,876.0
BHARAT FORGE LTD733.06135.3399,203.4
HAPPY FORGINGS LTD327.4060.2419,724.2
RAMKRISHNA FORGINGS LTD118.69112.4113,341.2
BALU FORGE INDUSTRIES LTD267.9622.375,993.7
TIRUPATI FORGE LTD6.10140.27856.2
KALYANI FORGE LTD12.3919.14237.1
LGB FORGE LTD7.2019.15137.9
HILTON METAL FORGING LTD5.1020.13102.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 19.14x
Max industry PE 140.27x
Median industry PE 25.43x
Average industry PE 61.61x



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