AI Summary
✦ ClarthaPrice Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 3 analysts
Fundamentals
Fundamentals institutional score is 61 using EVA spread proxy -1.4%; growth durability 91.2.
Valuation
Valuation institutional score is 31 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 15 using mean target upside -14.3%; dispersion penalty 6.1; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 21 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
This data source has not been supplied for the decision payload.
Signal Summary
Market intelligence remains Cautious. Available evidence provides partial support, while valuation and analyst consensus remain considerations.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 44.5% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.16). Confidence: 80%.
Live forward EPS implies next-12-month EPS of ₹39.30. Applying the stock's normalized valuation corridor produces a fair range of ₹702.29 to ₹941.63, with base value near ₹836.30 (+27.0% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹39.30
Forward P/E
16.8x
Base Fair Value
₹836.30
Fair Range
₹702.29 - ₹941.63
Upside To Base
+27.0%
Estimate Source
Live forward EPS
Growth Estimate
+30.4%
5Y Average
21.00
Current
30.76
Overvalued
23.96
Undervalued
17.87
5Y Average
9.76
Current
14.96
Overvalued
10.40
Undervalued
8.66
5Y Average
2.08
Current
3.26
Overvalued
2.39
Undervalued
1.77
Peers & Comparison
Sector: Materials · Theme: Iron & Steel
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
JAI BALAJI INDUSTRIES LTD JAIBALAJIIron & Steel | +9.8% | 2.2% | 48.3x Undervalued | -23% vs avg | -37.6% |
BANSAL WIRE INDUSTRIES L BANSALWIREIron & Steel | +24.4% | 3.2% | 35.6x Undervalued | -43% vs avg | -9.1% |
GALLANTT ISPAT LIMITED GALLANTTIron & Steel | — | 11.1% | 29.5x Undervalued | -53% vs avg | -21.9% |
LLOYDS ENTERPRISES LTD LLOYDSENTIron & Steel | +47.1% | 16.1% | 46.4x Undervalued | -26% vs avg | +16.4% |
AEROFLEX INDUSTRIES LTD AEROFLEXIron & Steel | +72.4% | 13.4% | 81.5x Premium | +31% vs avg | +132.5% |
GODAWARI POW & ISP LTD GPILIron & Steel | +34.8% | 13.9% | 18.9x Undervalued | -70% vs avg | +22.4% |
JAYASWAL NECO INDUSTR LTD JAYNECOINDIron & Steel | +27.7% | 7.4% | 15.7x Undervalued | -75% vs avg | +70.9% |
NMDC STEEL LIMITED NSLNISPIron & Steel | +36.7% | 0.4% | 223.3x Premium | +258% vs avg | +21.5% |
MM FORGINGS LTD trades at a discount (32.2x vs peer avg 62.4x), suggesting potential undervaluation relative to the Iron & Steel cohort. Peers include JAI BALAJI INDUSTRIES LTD, BANSAL WIRE INDUSTRIES L, GALLANTT ISPAT LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹413 CrMar 2026Latest net profit
₹48 CrMar 2026Latest EPS
₹9.96Mar 2026Net margin
19.0%Mar 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Mar 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 373 | 366 | 384 | 388 | 389 | 369 | 389 | 364 | 355 | 349 | 378 | 405 | 413 |
| Expenses + | 309 | 303 | 312 | 313 | 313 | 297 | 313 | 291 | 282 | 286 | 315 | 334 | 335 |
| Operating Profit | 64 | 63 | 72 | 75 | 75 | 72 | 77 | 73 | 72 | 63 | 63 | 72 | 78 |
| OPM % | 17% | 17% | 19% | 19% | 19% | 19% | 20% | 20% | 20% | 18% | 17% | 18% | 19% |
| Other Income + | 5 | 6 | 5 | 7 | 7 | 7 | 8 | 6 | 8 | 9 | 7 | 5 | 4 |
| Interest | 7 | 10 | 9 | 11 | 13 | 15 | 16 | 15 | 15 | 18 | 21 | 20 | 18 |
| Depreciation | 18 | 18 | 18 | 19 | 18 | 19 | 20 | 20 | 23 | 22 | 22 | 22 | 25 |
| Profit before tax | 44 | 41 | 51 | 53 | 52 | 44 | 49 | 44 | 43 | 31 | 26 | 34 | 39 |
| Tax % | 36% | 27% | 28% | 29% | 26% | 27% | 27% | 27% | 16% | 28% | 32% | 25% | -24% |
| Net Profit + | 28 | 30 | 37 | 37 | 38 | 32 | 36 | 32 | 36 | 22 | 18 | 26 | 48 |
| EPS in Rs | 5.87 | 6.21 | 7.58 | 7.71 | 7.88 | 6.71 | 7.44 | 6.57 | 7.50 | 4.63 | 3.67 | 5.33 | 9.96 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).