Happy Forgings

Happy Forgings P/CF

The P/CF (Price-to-Cash-Flow Ratio) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 26.55. In the previous year, P/CF (Price-to-Cash-Flow Ratio) was 41.37 — a change of -35.81% (lower).

P/CF

26.55

YoY

-35.81%

Last updated:

P/CF (Price-to-Cash-Flow Ratio) of Happy Forgings is 2025 26.55 . P/CF (Price-to-Cash-Flow Ratio) of Happy Forgings was 2024 41.37 . It decreases by -35.81% lower compared to the previous year.

The Happy Forgings P/CF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/CF
Date
P/CF
Jan 1, 2019
71.68 INR
Jan 1, 2020
422.98 INR
Jan 1, 2021
150.61 INR
Jan 1, 2022
57.74 INR
Jan 1, 2023
63.98 INR
Jan 1, 2024
41.37 INR
Jan 1, 2025
26.55 INR
The Happy Forgings P/CF history
YEARP/CFYoY
26.55-35.81%
41.37-35.34%
63.98+10.81%
57.74-61.67%
150.61-64.39%
422.98+490.09%
71.68—

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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

P/CF (Price-to-Cash-Flow Ratio) of Happy Forgings is 26.55 in 2025.

P/CF (Price-to-Cash-Flow Ratio) of Happy Forgings changed from 41.37 to 26.55, representing a -35.81% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of P/CF (Price-to-Cash-Flow Ratio) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

The Price-to-Cash-Flow ratio measures the stock price relative to operating cash flow per share. Unlike P/E, it is harder to manipulate as cash flow is less subject to accounting adjustments.

P/CF = Stock Price / Operating Cash Flow per Share

To evaluate P/CF (Price-to-Cash-Flow 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 P/CF (Price-to-Cash-Flow Ratio).

A 'good' varies by industry and company stage. On Eulerpool, you can compare P/CF (Price-to-Cash-Flow Ratio)'s Happy Forgings with sector peers and the industry average to assess whether it is attractive.

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Valuation — Happy Forgings

P/EP/SEV/EBITP/BP/CFP/FCFPEGEV/RevenueEV/EBITDAEV/FCFEarnings YieldFCF YieldMarket capitalizationEnterprise ValueForward P/EP/TBVShareholder YieldBuyback YieldDiv.-Adj. PEGEV/OCF

All Key Metrics — Happy Forgings