El Forge Ltd vs Munish Forge Ltd Stock Comparison

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Last Updated on: May 02, 2026

Key Highlights

The Latest Trading Price of EL Forge Ltd is ₹ 15.35 as of 30 Apr 15:30 . The P/E Ratio of EL Forge Ltd is 0 as of March 2024 .The P/E Ratio of Munish Forge Ltd is 0 as of March 2024 . The Market Cap of EL Forge Ltd is ₹ 0 crore as of March 2024 .The Market Cap of Munish Forge Ltd is ₹ 0 crore as of March 2024 . The revenue of EL Forge Ltd for the Dec '25 is ₹ 20.23 crore as compare to the Sep '25 revenue of ₹ 17.23 crore. This represent the growth of 17.41% The revenue of Munish Forge Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 revenue of ₹ 0 crore. This represent the decline of 0% The ebitda of EL Forge Ltd for the Dec '25 is ₹ 0.91 crore as compare to the Sep '25 ebitda of ₹ 0.87 crore. This represent the growth of 4.6% The ebitda of Munish Forge Ltd for the Dec '25 is ₹ 0 crore as compare to the Sep '25 ebitda of ₹ 0 crore. This represent the decline of 0% The net profit of EL Forge Ltd changed from ₹ 0.46 crore to ₹ 0.51 crore over 7 quarters. This represents a CAGR of 6.07% The net profit of Munish Forge Ltd changed from ₹ 3.91 crore to ₹ 0 crore over 4 quarters. This represents a CAGR of -100.00% The Dividend Payout of EL Forge Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 yearsThe Dividend Payout of Munish Forge Ltd changed from 0 % on March 2021 to 0 % on March 2025 . This represents a CAGR of 0.0% over 5 years .

About EL Forge Ltd

EL Forge Ltd (the earlier name was Ellore Electric Supply Company Limited) incorporated during 1934, and started its forging operations during 1963.
The Company is engaged in the business of manufacturing Rough Steel Forgings i.e., fuel injection forgings, steering rods, tie rods, engine and gear boxes, starter items etc. for automobile industry.
The Company exports its products to the US, Germany, Sri Lanka, China, Malaysia, etc.
It has a manufacturing unit at Appur Village, near Chennai.
The present installed capacity of forgings is 12000 TPA. The Company became the largest manufacturer of forgins in South India after the merger of Chendur Forge Export, a company in the same line of business with the company(with effective from April 1, 1995).

About Munish Forge Ltd

Munish Forge Limited was initially established by the Promoter, Mr. Davinder Bhasin, under the name of 'Gaisu Forge Private Limited with the main object in manufacturing forged components like cycle parts, electrical insulator parts and metalwork on July 25, 1986 with the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh.
The Company changed the name from Gaisu Forge Private Limited to Munish Forge Limited, transitioning from a private to a public entity, marking a significant milestone in growth by the addition of new products like Flange, further expanding its business operations on May 3, 1995.
The Company restructured again and changed its status from a Limited Company to a Private Limited Company as Munish Forge Private Limited in 2002.
Subsequently, Company was again converted from a Private Limited to Public Limited and the name of the Company was changed from 'Munish Forge Private Limited' to 'Munish Forge Limited' and a Fresh Certificate of Incorporation was issued on December 17, 2024.

FAQs for the comparison of EL Forge Ltd and Munish Forge Ltd

Which company has a larger market capitalization, EL Forge Ltd or Munish Forge Ltd?

Market cap of EL Forge Ltd is 31 Cr while Market cap of Munish Forge Ltd is 165 Cr

What are the key factors driving the stock performance of EL Forge Ltd and Munish Forge Ltd?

The stock performance of EL Forge Ltd and Munish Forge Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for EL Forge Ltd and Munish Forge Ltd?

As of May 2, 2026, the EL Forge Ltd stock price is INR ₹15.35. On the other hand, Munish Forge Ltd stock price is INR ₹68.9.

How do dividend payouts of EL Forge Ltd and Munish Forge Ltd compare?

To compare the dividend payouts of EL Forge Ltd and Munish Forge Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.