Happy Forgings

Happy Forgings PEG

The PEG Ratio (Price/Earnings-to-Growth) of Happy Forgings (HAPPYFORGE.NS) as of Oct 19, 2026 is 3.07. In the previous year, PEG Ratio (Price/Earnings-to-Growth) was 3.46 — a change of -11.34% (lower).

PEG

3.07

YoY

-11.34%

Last updated:

PEG Ratio (Price/Earnings-to-Growth) of Happy Forgings is 2025 3.07 . PEG Ratio (Price/Earnings-to-Growth) of Happy Forgings was 2024 3.46 . It decreases by -11.34% lower compared to the previous year.

The Happy Forgings PEG history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

PEG
Date
PEG
Jan 1, 2019
11.58 INR
Jan 1, 2020
10.71 INR
Jan 1, 2021
6.51 INR
Jan 1, 2022
4.44 INR
Jan 1, 2023
3.81 INR
Jan 1, 2024
3.46 INR
Jan 1, 2025
3.07 INR
The Happy Forgings PEG history
YEARPEGYoY
3.07-11.34%
3.46-9.14%
3.81-14.11%
4.44-31.82%
6.51-39.24%
10.71-7.53%
11.58—

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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

PEG Ratio (Price/Earnings-to-Growth) of Happy Forgings is 3.07 in 2025.

PEG Ratio (Price/Earnings-to-Growth) of Happy Forgings changed from 3.46 to 3.07, representing a -11.34% change. The value is lower than the previous year.

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

The PEG ratio adjusts the P/E ratio by the expected earnings growth rate. A PEG below 1 may indicate an undervalued stock relative to its growth potential.

PEG = P/E Ratio / Expected Annual EPS Growth Rate

To evaluate PEG Ratio (Price/Earnings-to-Growth)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for PEG Ratio (Price/Earnings-to-Growth).

A 'good' varies by industry and company stage. On Eulerpool, you can compare PEG Ratio (Price/Earnings-to-Growth)'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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