Happy Forgings P/B Ratio
Happy Forgings (HAPPYFORGE) P/B ratio is 5.9 (High), book value per share ₹1120.00 vs Industrial Products average P/B of -1.71 — Very High - Significant premium, high growth expectations or speculative. Compare with HAPPYFORGE fair value to assess whether the stock is under or overvalued.
Current Valuation Metrics
Book Value Breakdown (2026)
Valuation Signal
Sector Context
HAPPYFORGE P/B Ratio — Valuation Insights & Book Value Analysis
Happy Forgings price-to-book ratio interpretation, valuation status and historical context — current P/B 5.9 (High). View Happy Forgings 52-week for the annual high/low range and current price position.
- Stock appears overvalued with PB of 5.9, trading at significant premium to book value
- Trading at high premium to book value - indicates strong growth expectations or asset-light business model
- Current PB is 319.2% above historical average
- Trading at premium to sector average PB of -1.71
Happy Forgings P/B Ratio Historical Trend
HAPPYFORGE annual price-to-book ratio — 4 years, book value per share and year-end price. P/B below 1.0 indicates the stock trades below net asset value. For live price, earnings yield and the full fundamental profile, see HAPPYFORGE screener.
HAPPYFORGE Historical P/B Ratio — Book Value Per Share & Year-End Price
Happy Forgings annual P/B ratio, book value per share (₹), year-end price and total equity in ₹ Crores.
| Year | P/B Ratio | Book Value/Share (₹) | Year-end Price (₹) | Total Equity (₹ Cr) | Valuation |
|---|---|---|---|---|---|
| 2026 | 1.39 | ₹1120.0 | ₹1554.80 | ₹2,128 | Moderate |
| 2025 | 1.18 | ₹973.68 | ₹1149.10 | ₹1,850 | Moderate |
| 2024 | 1.18 | ₹848.95 | ₹998.50 | ₹1,613 | Moderate |
| 2023 | 1.88 | ₹548.89 | ₹1029.25 | ₹988 | Moderate |
HAPPYFORGE vs Industrial Products Peers — P/B Ratio Comparison
Happy Forgings P/B 5.9 vs Industrial Products average -1.71, median -0.35 — range -12.57–0.38.
| Company | Symbol | P/B Ratio | Market Cap (₹ Cr) | Valuation |
|---|---|---|---|---|
| Cochin Malabar Estates | COCHMAL | -12.57 | ₹25 | Low |
| Electrotherm | ELECTHERM | -8.89 | ₹1,393 | Low |
| Mahalaxmi Seamless | MAHALXSE | -8.16 | ₹4 | Low |
| Aditya Ispat | ADITYA | -6.34 | ₹5 | Low |
| TPINDIA | TPINDIA | -5.35 | ₹66 | Low |
| Mahip Industries | MAHIP | -5.18 | ₹43 | Low |
| Rollatainers | ROLLT | -4.88 | ₹85 | Low |
| Heera Ispat | HEERAISP | -4.58 | ₹4 | Low |
| Nova Iron & Steel | NOVIS | -4.54 | ₹45 | Low |
| Mukat Pipes | MUKATPIP | -2.94 | ₹20 | Low |