Is Happy Forgings the Best Stock in Its Sector? A Look at the Numbers
- September 28, 2026
- Posted by: Chaitanya Auti
- Category: Market
Happy Forgings CMP Rs 2,057 (28 Sep 2026). Market cap Rs 19,500 Cr. ROE 14.17%. P/E 59.56x versus Industry P/E 52.74x.
Quick Answer
Happy Forgings is one of the names investors compare when screening the Automobile & Ancillaries sector, built on a 14.17% return on equity and a P/E of 59.56x against an Industry P/E of 52.74x. Whether Happy Forgings is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Automobile & Ancillaries sector peers, so you can judge that for yourself.
Is Happy Forgings the best stock in its sector? The stock trades on the NSE at Rs 2,057 as of 28 September 2026, within its 52-week range of Rs 888.75 to Rs 2,470.00. Happy Forgings Ltd makes engineered forged and machined components such as crankshafts for commercial vehicle, off-highway and industrial customers.
Happy Forgings sits in the Automobile & Ancillaries sector, and its 14.17% ROE and 59.56x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
Click Here – Get Free Investment Predictions
About Happy Forgings
Happy Forgings Ltd makes engineered forged and machined components such as crankshafts for commercial vehicle, off-highway and industrial customers. The stock is far above its 52-week low after a strong rally over the past year. At a market capitalisation of Rs 19,500 Cr, it is tracked as part of the Automobile & Ancillaries sector on Univest.
Is Happy Forgings the Best Stock in Its Sector?
Happy Forgings makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 14.17% ROE with a 59.56x P/E against the sector’s 52.74x Industry P/E. Happy Forgings’ 59.56x P/E is above the 52.74x Industry P/E and a 9.16x price to book is demanding for a 14.17% ROE, which leaves little room for disappointment.
| Metric | Happy Forgings |
|---|---|
| CMP (NSE) | Rs 2,057.30 |
| 52-Week High / Low | Rs 2,470.00 / Rs 888.75 |
| Market Cap | Rs 19,500 Cr |
| P/E (TTM) vs Industry P/E | 59.56x vs 52.74x |
| P/B | 9.16 |
| ROE | 14.17% |
| EPS (TTM) | Rs 34.68 |
| Dividend Yield | 0.19% |
| Debt to Equity | 0.15 |
Compare Happy Forgings Against Other Automobile & Ancillaries Sector Stocks
How Happy Forgings Compares Against Its Automobile & Ancillaries Sector Peers
The table below sets Happy Forgings against 2 other Automobile & Ancillaries sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Happy Forgings | 19,500 | 59.56 | 14.17% | 0.15 |
| CIE Automotive India | 14,564 | 16.12 | 11.66% | 0.07 |
| Gabriel India | 24,771 | 70.59 | 31.46% | 0.11 |
| Peer average (2 companies) | – | 43.36 | 21.56% | 0.09 |
Against this peer set, Happy Forgings’s 14.17% ROE is below the 21.56% peer average, and its P/E of 59.56x runs above the peer average of 43.36x. Happy Forgings’ 59.56x P/E is above the 52.74x Industry P/E and a 9.16x price to book is demanding for a 14.17% ROE, which leaves little room for disappointment.
What Makes Happy Forgings Worth Watching in Automobile & Ancillaries
- Solid ROE: A 14.17% ROE is a healthy figure for a forging and machining business.
- Low leverage: A debt to equity ratio of 0.15 leaves room to fund capacity expansion.
- Strong rise from its 52-week low: The stock is far above its 52-week low, so much of the improvement is already priced in.
Happy Forgings Valuation: Is It Justified?
Happy Forgings’ 59.56x P/E is above the 52.74x Industry P/E and a 9.16x price to book is demanding for a 14.17% ROE, which leaves little room for disappointment. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Godrej Agrovet the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Happy Forgings and other Automobile & Ancillaries sector stocks.
How to Track Happy Forgings Before You Invest
Before deciding whether Happy Forgings deserves its label as the best stock in its sector for your own portfolio, compare it directly against Automobile & Ancillaries sector peers using the steps below.
- Open the Univest Screener and search for Happy Forgings to view live price, valuation ratios, and peer comparisons within the Automobile & Ancillaries sector.
- Compare its P/E, P/B, and ROE against other Automobile & Ancillaries sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Happy Forgings earns a place in the best stock in its sector conversation on the strength of a 14.17% ROE and a P/E of 59.56x against a 52.74x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Happy Forgings the best stock in its sector?
Ans. Happy Forgings has a 14.17% ROE and trades at 59.56x P/E against a 52.74x Industry P/E, and compares below the peer average ROE of 21.56% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Happy Forgings?
Ans. Happy Forgings was trading at Rs 2,057.30 on the NSE as of 28 September 2026, within its 52-week range of Rs 888.75 to Rs 2,470.00.
What sector does Happy Forgings belong to?
Ans. Happy Forgings is classified under the Automobile & Ancillaries sector on Univest.
How does Happy Forgings compare to its sector peers on P/E?
Ans. Happy Forgings’s P/E of 59.56x is above the 43.36x average of the 2 named peers compared in this article.
What is Happy Forgings’s return on equity?
Ans. Happy Forgings reported a return on equity of 14.17%, which is below the 21.56% average of its named peers in this comparison.
Should I invest in Happy Forgings based on its sector position?
Ans. Happy Forgings’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.