Happy Forgings

Happy Forgings P/TBV

The Price to Tangible Book Value (P/TBV) of Happy Forgings (HAPPYFORGE.NS) as of Oct 18, 2026 is 5.68. In the previous year, Price to Tangible Book Value (P/TBV) was 6.54 — a change of -13.09% (lower).

P/TBV

5.68

YoY

-13.09%

Last updated:

Price to Tangible Book Value (P/TBV) of Happy Forgings is 2025 5.68 . Price to Tangible Book Value (P/TBV) of Happy Forgings was 2024 6.54 . It decreases by -13.09% lower compared to the previous year.

The Happy Forgings P/TBV history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/TBV
Date
P/TBV
Jan 1, 2019
21.65 INR
Jan 1, 2020
18.74 INR
Jan 1, 2021
15.35 INR
Jan 1, 2022
12.24 INR
Jan 1, 2023
7.50 INR
Jan 1, 2024
6.54 INR
Jan 1, 2025
5.68 INR
The Happy Forgings P/TBV history
YEARP/TBVYoY
5.68-13.09%
6.54-12.82%
7.50-38.71%
12.24-20.31%
15.35-18.09%
18.74-13.44%
21.65—

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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

Price to Tangible Book Value (P/TBV) of Happy Forgings is 5.68 in 2025.

Price to Tangible Book Value (P/TBV) of Happy Forgings changed from 6.54 to 5.68, representing a -13.09% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Price to Tangible Book Value (P/TBV) Happy Forgings since 2006 – with annual values, charts, and detailed analysis.

P/TBV compares the stock price to tangible book value per share, excluding goodwill and intangibles. It provides a conservative asset-based valuation.

To evaluate Price to Tangible Book Value (P/TBV)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Price to Tangible Book Value (P/TBV).

A 'good' varies by industry and company stage. On Eulerpool, you can compare Price to Tangible Book Value (P/TBV)'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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