Happy Forgings

Happy Forgings EV/OCF

The EV/OCF (Enterprise Value to Operating Cash Flow) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 26.64. In the previous year, EV/OCF (Enterprise Value to Operating Cash Flow) was 41.41 — a change of -35.66% (lower).

EV/OCF

26.64

YoY

-35.66%

Last updated:

EV/OCF (Enterprise Value to Operating Cash Flow) of Happy Forgings is 2025 26.64 . EV/OCF (Enterprise Value to Operating Cash Flow) of Happy Forgings was 2024 41.41 . It decreases by -35.66% lower compared to the previous year.

The Happy Forgings EV/OCF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/OCF
Date
EV/OCF
Jan 1, 2019
72.14 INR
Jan 1, 2020
427.37 INR
Jan 1, 2021
153.59 INR
Jan 1, 2022
58.78 INR
Jan 1, 2023
64.09 INR
Jan 1, 2024
41.41 INR
Jan 1, 2025
26.64 INR
The Happy Forgings EV/OCF history
YEAREV/OCFYoY
26.64-35.66%
41.41-35.39%
64.09+9.04%
58.78-61.73%
153.59-64.06%
427.37+492.41%
72.14—

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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/OCF (Enterprise Value to Operating Cash Flow) of Happy Forgings is 26.64 in 2025.

EV/OCF (Enterprise Value to Operating Cash Flow) of Happy Forgings changed from 41.41 to 26.64, representing a -35.66% change. The value is lower than the previous year.

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

EV/OCF compares enterprise value to operating cash flow, measuring how much investors pay per unit of cash generated from operations.

To evaluate EV/OCF (Enterprise Value to Operating 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/OCF (Enterprise Value to Operating Cash Flow).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/OCF (Enterprise Value to Operating 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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