HAPPYFORGECastings & Forgings
Happy Forgings Ltd — PE Ratio & Valuation Analysis
₹1156.10
-3.11%
Current P/E36.60xPrice to earnings
Industry P/E28.08xSector average
4Y Avg P/E41.9x12.6% below avg
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30.3% Premium to Industry
HAPPYFORGE P/E 36.60x vs sector avg 28.08x
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Historical PE Ratio
| Year | EPS (₹) | Year-end Price | PE Ratio |
|---|---|---|---|
| 2025 | ₹28.37 | ₹1149 | 40.5x |
| 2024 | ₹25.79 | ₹999 | 38.7x |
| 2023 | ₹22.15 | ₹1029 | 46.5x |
PE = Year-end closing price ÷ Diluted EPS. Source: NSE/BSE filings.
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Understanding Happy Forgings Ltd Valuation
Happy Forgings Ltd (HAPPYFORGE) currently trades at 36.60x earnings. The Castings & Forgings sector average PE is 28.08x. HAPPYFORGE commands a premium, reflecting high growth expectations. Historically, HAPPYFORGE has traded at an average PE of 41.9x — it is currently below that level. Always evaluate PE alongside earnings growth (PEG ratio), return on equity, debt levels and business quality. A lower PE isn't always better. Educational data only — not investment advice.
ROE
15.46%
Dividend Yield
0.29%
More on Happy Forgings Ltd
Data from NSE/BSE public filings. Educational purposes only. Bull Run is not SEBI-registered. Not investment advice.