NSE ScannerComparison · NSE · data 2026-11-01
Harsha Engineers International Ltd. vs MM Forgings Limited
In plain words
Size: Harsha Engineers International Ltd. is about 1.6 times the market value of MM Forgings Limited.
Valuation (P/E): Harsha Engineers International Ltd. 24.4 vs MM Forgings Limited 20.6.
Profit growth over 3 years: Harsha Engineers International Ltd. 8% a year vs MM Forgings Limited -8.3% a year.
Debt to equity: MM Forgings Limited 1.27 vs Harsha Engineers International Ltd. 0.27.
Differences in the numbers, not a recommendation of either stock.
Side by side
| HARSHA | MMFL | |
|---|---|---|
| Price | ₹414.15 | ₹482.9 |
| Market cap | ₹3,775 cr | ₹2,318 cr |
| P/E | 24.4 | 20.6 |
| P/B | — | — |
| ROE | 11.7% | 10.6% |
| ROCE | 12.3% | 11.1% |
| Debt / equity | 0.27 | 1.27 |
| Operating margin | 12.4% | 11.1% |
| Dividend yield | 0.36% | 0.83% |
| Sales growth, 3 years (yearly) | 6.1% | 2.8% |
| Profit growth, 3 years (yearly) | 8.0% | -8.3% |
| 1-year return | 1.6% | 57.8% |
| Revenue, last 12 months | ₹1,719 cr | ₹1,649 cr |
| Net profit, last 12 months | ₹155 cr | ₹113 cr |
| Latest quarter | Jun 2026 | Jun 2026 |
| Quarter net profit | ₹37 cr | ₹90 cr |
| Quarter profit vs a year earlier | -1.5% | +371.2% |
| Promoter holding | 75.00% | 56.34% |
| Health check | Average (6.2/10) | Average (6.2/10) |
Common questions
Which has a higher P/E, Harsha Engineers International Ltd. or MM Forgings Limited?
Harsha Engineers International Ltd. trades at the higher P/E (24.4 against 20.6). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Harsha Engineers International Ltd. (11.7% against 10.6%).
Which carries more debt?
MM Forgings Limited has the higher debt-to-equity ratio (1.27 against 0.27).