MM FORGINGS
|
The Current P/E Ratio of MM FORGINGS is 15.69.
| Share Price | ₹427.6 | Jan 30,2025 |
| Market Cap | ₹2,065.3 Cr | |
| Earnings-TTM | ₹131.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 15.69x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
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)
Current Market Cap [ ₹2,065.3 Cr] as on Jan 30,2025
(/) Earnings [ ₹131.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 15.69x ]
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 15.69 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.
Thus, for MM FORGINGS , the investors are currently willing to pay 15.69 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 15.69x.
- MM FORGINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 17.85x.
- 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 Mar2020 of 9.56x.
- MM FORGINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 17.85x.
- 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 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 | 131.64 | 15.69 | 2,065.3 |
| BHARAT FORGE LTD | 897.07 | 63.14 | 56,643.9 |
| CIE AUTOMOTIVE INDIA LTD | 582.01 | 30.36 | 17,670.7 |
| RAMKRISHNA FORGINGS LTD | 383.57 | 35.75 | 13,714.2 |
| LGB FORGE LTD | -5.09 | -56.50 | 287.5 |
| HILTON METAL FORGING LTD | 3.86 | 59.39 | 229.1 |
| KALYANI FORGE LTD | 6.49 | 36.72 | 238.3 |
| SAMRAT FORGINGS LTD | 3.97 | 42.21 | 167.5 |
| TIRUPATI FORGE LTD | 9.23 | 72.80 | 671.6 |
| GANGA FORGING LTD | 0.68 | 130.07 | 89.0 |
Forgings Industry Benchmark (Top 10) PE Analysis vs MM FORGINGS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -56.50x |
| Max industry PE | 130.07x |
| Median industry PE | 42.21x |
| Average industry PE | 42.96x |
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