MM Forgings vs Carpenter Technology: Fair Value & Quality
Both stocks run through our valuation models. Here is how MM Forgings (MMFL) and Carpenter Technology (CRS) compare, as of Aug 22, 2026.
As of Aug 22, 2026, Fair Value Calculator sees MM Forgings as the less overvalued of the two: MM Forgings trades at ₹653 versus a fair value of ₹370 (-43%), while Carpenter Technology trades at $492 versus $101 (-79%).
MM Forgings
MMFL.NSE · INR · Industrials
-43%
upside to fair value
overvalued
Price₹653
Fair Value₹370
Quality42/100
Carpenter Technology
CRS · USD · Materials
-79%
upside to fair value
overvalued
Price$492
Fair Value$101
Quality67/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
MM ForgingsCarpenter Technology
Valuation
32.0×P/E (TTM)60.6×
1.48×P/S (TTM)9.47×
2.40×P/B15.20×
9.7×EV/EBITDA37.9×
—PEG1.59×
0.6%Dividend yield0.2%
₹4.00Dividend per share$0.80
Profitability
6%Net margin16%
12%Operating margin23%
10%Return on equity25%
5%Return on assets11%
Growth
16%Revenue growth (YoY)12%
2.8%Avg. growth/yr (3Y)16.1%
16.1%Avg. growth/yr (5Y)5.7%
Balance & size
0.61×Debt / equity0.37×
$246MMarket cap$29B
expensiveGrowth qualityhealthy
MM Forgings leads: 7 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
MM Forgingsof which business quality 42 · market factors 85Carpenter Technologyof which business quality 63 · market factors 67
ProfitabilityMargins and returns on capital today
38
59
Quality GrowthAre margins and returns improving?
31
75
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
35
63
Low VolatilityCalm price path (market factor)
58
36
MomentumPrice trend over the last 3–12 months (market factor)
94
79
52W MomentumDistance to the 52-week high (market factor)
100
83
Net IssuanceBuybacks instead of dilution
85
70
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
MM Forgings
Earnings-Based₹257
Dividend Discount₹70.38
Multiples₹413
Asset-Based₹136
Economic Profit₹284
Growth Earnings₹370
15 of 16 models see the stock below the current price.
Carpenter Technology
DCF Models$109
Earnings-Based$68.04
Dividend Discount$13.82
Multiples$120
Asset-Based$25.45
Growth DCF$88.87
Economic Profit$86.83
Growth Earnings$116
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
MM Forgings
Bear ₹259Fair Value ₹370Bull ₹480
₹653 = current price (white tick)
Carpenter Technology
Bear $61.80Fair Value $101Bull $150
$492 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
MM Forgings · Industrials
Quality score42 · bottom 25%
Fair value upside-43% · below median
Carpenter Technology · Materials
Quality score67 · Top 25%
Fair value upside-79% · bottom 25%
Bottom line
As of Aug 22, 2026, Fair Value Calculator sees MM Forgings as the less overvalued of the two: MM Forgings trades at ₹653 versus a fair value of ₹370 (-43%), while Carpenter Technology trades at $492 versus $101 (-79%).
Carpenter Technology has the higher quality score (67/100).
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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.
