Munish Forge IPO Review & Recommendations

Munish Forge IPO Peer Comparison

Munish Forge Ltd. peer comparison with similar listed entities. (As on March 31, 2025)

Notes:

1. The figures of Munish Forge Limited are based on financial statements as restated as on March 31, 2025.
2. Considering the nature and size of business of the Company, the peers are not strictly comparable. However, the same have been included for broad comparison.
3. Current Market Price (CMP) is the closing price of peer group scripts as on September 23, 2025.
4. The figures for the peer group are based on the standalone audited financials for the year ended March 31, 2025.
5. PE Ratio of peer company is calculated as CMP as on March 31, 2025 divided by EPS as on March 31, 2025.