Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Happy Forgings's Enterprise Value is ₹202,050 Mil.
Happy Forgings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was ₹4,472 Mil. Therefore, Happy Forgings's EV-to-EBIT ratio for today is 45.18.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Happy Forgings's Enterprise Value is ₹202,050 Mil.
Happy Forgings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₹5,419 Mil. Therefore, Happy Forgings's EV-to-EBITDA ratio for today is 37.28.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Happy Forgings's Enterprise Value is ₹202,050 Mil.
Happy Forgings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was ₹16,420 Mil. Therefore, Happy Forgings's EV-to-Revenue ratio for today is 12.31.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Happy Forgings's Enterprise Value is ₹202,050 Mil.
Happy Forgings's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was ₹0 Mil. Therefore, Happy Forgings's EV-to-FCF ratio for today is .
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Happy Forgings (NSE:HAPPYFORGE) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Happy Forgings's current Enterprise Value is ₹202,050 Mil.
Happy Forgings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹4,472 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Happy Forgings's current Enterprise Value is ₹202,050 Mil.
Happy Forgings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹5,419 Mil.
Happy Forgings's current Enterprise Value is ₹202,050 Mil.
Happy Forgings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹16,420 Mil.
Happy Forgings's current Enterprise Value is ₹202,050 Mil.
Happy Forgings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹ Mil.
Happy Forgings's current Enterprise Value is ₹202,050 Mil.
Happy Forgings's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Happy Forgings Enterprise Value Related Terms
Happy Forgings Enterprise Value Historical Data
* Premium members only.
The historical data trend for Happy Forgings's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:HAPPYFORGE vs ATI, CRS, MLI: Enterprise Value Comparison
For the Metal Fabrication subindustry, Happy Forgings's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Happy Forgings Enterprise Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Happy Forgings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Happy Forgings's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Happy Forgings's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Enterprise Value of ₹202,050 Mil mean?
Happy Forgings (NSE:HAPPYFORGE) has a Enterprise Value of ₹202,050 Mil as of Sep. 20, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Happy Forgings and its competitors.
Is Happy Forgings' Enterprise Value too high?
Happy Forgings' current Enterprise Value is ₹202,050 Mil. Overall, Happy Forgings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Happy Forgings' Enterprise Value compare to ATI and CRS?
Happy Forgings' Enterprise Value of ₹202,050 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Industrial Products company?
A good Enterprise Value depends on the Industrial Products industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Happy Forgings and its competitors. Happy Forgings's current Enterprise Value is ₹202,050 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Forgings stock overvalued right now?
Based on GuruFocus' analysis, Happy Forgings (NSE:HAPPYFORGE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,369.35, compared to a current price of ₹2,148.30 — trading 56.9% above its estimated fair value. The current Enterprise Value is ₹202,050 Mil. Happy Forgings' overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Happy Forgings (NSE:HAPPYFORGE), the current Enterprise Value is ₹202,050 Mil as of Sep. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Happy Forgings (NSE:HAPPYFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Happy Forgings stock appears to be overvalued.
The current stock price of ₹2,148.30 is trading 56.9% above its estimated GF Value™ of ₹1,369.35.
GuruFocus considers Happy Forgings to be Significantly Overvalued.
Key valuation signals for NSE:HAPPYFORGE:
Enterprise Value: ₹202,050 Mil
GF Value™: ₹1,369.35 vs. price of ₹2,148.30 (56.9% above fair value)
No single metric tells the full story. See the NSE:HAPPYFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.
64GF Score
Get the complete analysis for NSE:HAPPYFORGE
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:HAPPYFORGE has been successfully added to your 
