Happy Forgings

Happy Forgings Forward P/E

The Forward P/E Ratio of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 40.09. In the previous year, Forward P/E Ratio was 45.22 — a change of -11.34% (lower).

Forward P/E

40.09

YoY

-11.34%

Last updated:

Forward P/E Ratio of Happy Forgings is 2025 40.09 . Forward P/E Ratio of Happy Forgings was 2024 45.22 . It decreases by -11.34% lower compared to the previous year.

The Happy Forgings Forward P/E history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Forward P/E
Date
Forward P/E
Jan 1, 2019
151.28 INR
Jan 1, 2020
139.89 INR
Jan 1, 2021
84.99 INR
Jan 1, 2022
57.95 INR
Jan 1, 2023
49.77 INR
Jan 1, 2024
45.22 INR
Jan 1, 2025
40.09 INR
The Happy Forgings Forward P/E history
YEARForward P/EYoY
40.09-11.34%
45.22-9.14%
49.77-14.11%
57.95-31.82%
84.99-39.24%
139.89-7.53%
151.28—

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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

Forward P/E Ratio of Happy Forgings is 40.09 in 2025.

Forward P/E Ratio of Happy Forgings changed from 45.22 to 40.09, representing a -11.34% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Forward P/E Ratio Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

The Forward P/E uses estimated future earnings to value a stock. A lower forward P/E relative to the trailing P/E suggests analysts expect earnings growth.

To evaluate Forward P/E Ratio's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Forward P/E Ratio.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Forward P/E Ratio'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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