MM Forgings vs Sandhar vs TVS Srichakra: Which Stock Should You Track

MM Forgings vs Sandhar Technologies vs TVS Srichakra starts with the core numbers most investors compare within the Auto Components segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the Auto Components bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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MM Forgings, Sandhar Technologies and TVS Srichakra: Company Overview

MM Forgings is a listed Indian company in the Auto Components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Sandhar Technologies is a listed Indian company in the Auto Components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

TVS Srichakra is a listed Indian company in the Auto Components space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

MM Forgings vs Sandhar Technologies vs TVS Srichakra: Valuation and Profitability Snapshot

Metric	MM Forgings	Sandhar Technologies	TVS Srichakra
Market Cap (approx.)	Rs 2,918 crore	Rs 3,461 crore	Rs 3,571 crore
PE Ratio (TTM)	17.23	16.65	38.71
PB Ratio	2.99	2.60	3.00
Return on Equity (ROE)	10.09%	14.90%	5.98%
EPS (TTM, Rs)	35.07	34.54	120.43
Dividend Yield	0.66%	0.70%	0.81%
Debt to Equity	1.10	0.86	0.64
Book Value per Share (Rs)	201.99	221.48	1553.76

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On valuation, MM Forgings trades at a PE of 17.23 and a PB of 2.99, Sandhar Technologies at a PE of 16.65 and a PB of 2.60, while TVS Srichakra trades at a PE of 38.71 and a PB of 3.00. On return on equity, the three post 10.09%, 14.90% and 5.98% respectively, and on dividend yield they stand at 0.66%, 0.70% and 0.81%.

MM Forgings vs Sandhar Technologies vs TVS Srichakra: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
MM Forgings	Rs 426.76 crore	Rs 90.42 crore	+15.5%	-0.8%
Sandhar Technologies	Rs 1,394.03 crore	Rs 37.28 crore	+25.6%	+5.4%
TVS Srichakra	Rs 1,081.82 crore	Rs 34.02 crore	+31.7%	+9.3%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, 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 auto components 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

MM Forgings vs Sandhar Technologies vs TVS Srichakra highlights how differently three companies in the same auto components 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.

FAQs on MM Forgings vs Sandhar Technologies vs TVS Srichakra

What is the market cap difference between MM Forgings, Sandhar Technologies and TVS Srichakra?

Ans. As of October 2026, MM Forgings has a market cap of approximately Rs 2,918 crore, Sandhar Technologies is at approximately Rs 3,461 crore, and TVS Srichakra is at approximately Rs 3,571 crore.

Which of the three has the highest PE ratio?

Ans. Among MM Forgings, Sandhar Technologies and TVS Srichakra, the PE ratios stand at 17.23, 16.65 and 38.71 respectively as of October 2026.

Which of the three has the highest ROE?

Ans. MM Forgings, Sandhar Technologies and TVS Srichakra post ROE of 10.09%, 14.90% and 5.98% respectively as of October 2026.

Which of these three stocks pays the highest dividend yield?

Ans. MM Forgings, Sandhar Technologies and TVS Srichakra carry dividend yields of 0.66%, 0.70% and 0.81% respectively.

What is the debt to equity ratio for MM Forgings, Sandhar Technologies and TVS Srichakra?

Ans. MM Forgings carries a debt to equity of 1.10, Sandhar Technologies of 0.86, and TVS Srichakra of 0.64.

Which of the three trades at the highest price to book value?

Ans. MM Forgings, Sandhar Technologies and TVS Srichakra trade at price to book ratios of 2.99, 2.60 and 3.00 respectively.

Is one of MM Forgings, Sandhar Technologies or TVS Srichakra 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.