Bharat Forge vs Ramkrishna Forgings vs MM Forgings: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Bharat Forge PE 134.27, mkt cap Rs 96,093 crore. Ramkrishna Forgings PE 122.03, mkt cap Rs 13,049 crore. MM Forgings PE 17.23, mkt cap Rs 2,918 crore.
Quick Answer
Bharat Forge vs Ramkrishna Forgings vs MM Forgings is a side-by-side comparison of three companies from the Forgings and Auto Castings space. On this comparison, Bharat Forge carries a market capitalisation of about Rs 96,093 crore against Rs 13,049 crore for Ramkrishna Forgings and Rs 2,918 crore for MM Forgings, with return on equity of 11.27%, 2.46% and 10.09% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Bharat Forge vs Ramkrishna Forgings vs MM Forgings starts with the core numbers most investors compare within the Forgings and Auto Castings segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Forgings and Auto Castings bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Bharat Forge, Ramkrishna Forgings and MM Forgings: Company Overview
Bharat Forge is a listed Indian company in the Forgings and Auto Castings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Ramkrishna Forgings is a listed Indian company in the Forgings and Auto Castings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
MM Forgings is a listed Indian company in the Forgings and Auto Castings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Bharat Forge vs Ramkrishna Forgings vs MM Forgings: Valuation and Profitability Snapshot
| Metric | Bharat Forge | Ramkrishna Forgings | MM Forgings |
|---|---|---|---|
| Market Cap (approx.) | Rs 96,093 crore | Rs 13,049 crore | Rs 2,918 crore |
| PE Ratio (TTM) | 134.27 | 122.03 | 17.23 |
| PB Ratio | 10.03 | 3.96 | 2.99 |
| Return on Equity (ROE) | 11.27% | 2.46% | 10.09% |
| EPS (TTM, Rs) | 14.97 | 5.87 | 35.07 |
| Dividend Yield | 0.42% | 0.14% | 0.66% |
| Debt to Equity | 0.76 | 0.74 | 1.10 |
| Book Value per Share (Rs) | 200.35 | 180.78 | 201.99 |
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On valuation, Bharat Forge trades at a PE of 134.27 and a PB of 10.03, Ramkrishna Forgings at a PE of 122.03 and a PB of 3.96, while MM Forgings trades at a PE of 17.23 and a PB of 2.99. On return on equity, the three post 11.27%, 2.46% and 10.09% respectively, and on dividend yield they stand at 0.42%, 0.14% and 0.66%.
Bharat Forge vs Ramkrishna Forgings vs MM Forgings: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Bharat Forge | Rs 4,697.19 crore | Rs -89.89 crore | +18.7% | +2.5% |
| Ramkrishna Forgings | Rs 1,220.11 crore | Rs 46.88 crore | +19.7% | +0.1% |
| MM Forgings | Rs 426.76 crore | Rs 90.42 crore | +15.5% | -0.8% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three forgings and auto castings names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Bharat Forge vs Ramkrishna Forgings vs MM Forgings highlights how differently three companies in the same forgings and auto castings segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Bharat Forge vs Ramkrishna Forgings vs MM Forgings
What is the market cap difference between Bharat Forge, Ramkrishna Forgings and MM Forgings?
Ans. As of September 2026, Bharat Forge has a market cap of approximately Rs 96,093 crore, Ramkrishna Forgings is at approximately Rs 13,049 crore, and MM Forgings is at approximately Rs 2,918 crore.
Which of the three has the highest PE ratio?
Ans. Among Bharat Forge, Ramkrishna Forgings and MM Forgings, the PE ratios stand at 134.27, 122.03 and 17.23 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Bharat Forge, Ramkrishna Forgings and MM Forgings post ROE of 11.27%, 2.46% and 10.09% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Bharat Forge, Ramkrishna Forgings and MM Forgings carry dividend yields of 0.42%, 0.14% and 0.66% respectively.
What is the debt to equity ratio for Bharat Forge, Ramkrishna Forgings and MM Forgings?
Ans. Bharat Forge carries a debt to equity of 0.76, Ramkrishna Forgings of 0.74, and MM Forgings of 1.10.
Which of the three trades at the highest price to book value?
Ans. Bharat Forge, Ramkrishna Forgings and MM Forgings trade at price to book ratios of 10.03, 3.96 and 2.99 respectively.
Is one of Bharat Forge, Ramkrishna Forgings or MM Forgings better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
