Happy Forgings

Happy Forgings EV/FCF

The EV/FCF (Enterprise Value to Free Cash Flow) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 11,135.24. In the previous year, EV/FCF (Enterprise Value to Free Cash Flow) was 570.97 — a change of 1,850.25% (higher).

EV/FCF

11,135.24

YoY

1,850.25%

Last updated:

EV/FCF (Enterprise Value to Free Cash Flow) of Happy Forgings is 2025 11,135.24 . EV/FCF (Enterprise Value to Free Cash Flow) of Happy Forgings was 2024 570.97 . It decreases by 1,850.25% higher compared to the previous year.

The Happy Forgings EV/FCF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/FCF
Date
EV/FCF
Jan 1, 2019
179.93 INR
Jan 1, 2020
-193.73 INR
Jan 1, 2021
-111.56 INR
Jan 1, 2022
353.07 INR
Jan 1, 2023
-2,377.15 INR
Jan 1, 2024
570.97 INR
Jan 1, 2025
11,135.24 INR
The Happy Forgings EV/FCF history
YEAREV/FCFYoY
11,135.24+1,850.25%
570.97-124.02%
-2,377.15-773.28%
353.07-416.50%
-111.56-42.42%
-193.73-207.67%
179.93—

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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/FCF (Enterprise Value to Free Cash Flow) of Happy Forgings is 11,135.24 in 2025.

EV/FCF (Enterprise Value to Free Cash Flow) of Happy Forgings changed from 570.97 to 11,135.24, representing a 1,850.25% change. The value is higher than the previous year.

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

The EV/FCF ratio measures the enterprise value relative to free cash flow. It captures the true cash-generating ability of a business.

To evaluate EV/FCF (Enterprise Value to Free Cash Flow)'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/FCF (Enterprise Value to Free Cash Flow).

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

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Valuation — Happy Forgings

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