Happy Forgings

Happy Forgings EV/EBITDA

The EV/EBITDA (Enterprise Value to EBITDA) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 24.79. In the previous year, EV/EBITDA (Enterprise Value to EBITDA) was 30.67 — a change of -19.18% (lower).

EV/EBITDA

24.79

YoY

-19.18%

Last updated:

EV/EBITDA (Enterprise Value to EBITDA) of Happy Forgings is 2025 24.79 . EV/EBITDA (Enterprise Value to EBITDA) of Happy Forgings was 2024 30.67 . It decreases by -19.18% lower compared to the previous year.

The Happy Forgings EV/EBITDA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/EBITDA
Date
EV/EBITDA
Jan 1, 2019
106.73 INR
Jan 1, 2020
98.48 INR
Jan 1, 2021
63.85 INR
Jan 1, 2022
37.46 INR
Jan 1, 2023
31.10 INR
Jan 1, 2024
30.67 INR
Jan 1, 2025
24.79 INR
The Happy Forgings EV/EBITDA history
YEAREV/EBITDAYoY
24.79-19.18%
30.67-1.38%
31.10-16.99%
37.46-41.33%
63.85-35.17%
98.48-7.73%
106.73—

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Happy Forgings Stock analysis

What does Happy Forgings do? Happy Forgings Ltd is an Indian company headquartered in Ludhiana, Punjab, operating in the Industrials sector within the Machinery industry. The company went public via an IPO on December 27, 2023. It manufactures heavy forged and high precision machined components, including crankshafts, differential cases, front axle components, railway parts, suspension products, transmission parts, and windmill application products. Among its windmill products, the company produces three critical components: the planet carrier, pinion shaft, and housing. For railway applications, it offers components such as camshafts, connecting rods, piston pins, and spacers. Happy Forgings Ltd primarily serves domestic and global original equipment manufacturers (OEMs) in the automotive sector, particularly those producing commercial vehicles. The company also supplies manufacturers of farm equipment, off-highway vehicles, and industrial equipment for sectors including oil and gas, power generation, railways, and wind turbines. Its website is https://happyforgingsltd.com. The company's ISIN is INE330T01021, and it trades under the ticker HAPPYFORGE.NS on the Indian stock market. Happy Forgings is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Happy Forgings stock

EV/EBITDA (Enterprise Value to EBITDA) of Happy Forgings is 24.79 in 2025.

EV/EBITDA (Enterprise Value to EBITDA) of Happy Forgings changed from 30.67 to 24.79, representing a -19.18% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBITDA (Enterprise Value to EBITDA) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

The EV/EBITDA ratio is a widely used valuation metric that compares a company's enterprise value to its EBITDA. It normalizes for differences in capital structure, taxation, and depreciation policies.

To evaluate EV/EBITDA (Enterprise Value to EBITDA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBITDA (Enterprise Value to EBITDA).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBITDA (Enterprise Value to EBITDA)'s Happy Forgings with sector peers and the industry average to assess whether it is attractive.

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