TickerKhojComparison · NSE · data 2026-11-02
Happy Forging Limited vs Ramkrishna Forgings Ltd
In plain words
Size: Happy Forging Limited is about 1.4 times the market value of Ramkrishna Forgings Ltd.
Valuation (P/E): Ramkrishna Forgings Ltd 67.8 vs Happy Forging Limited 50.3.
Return on equity: Happy Forging Limited 15.2% vs Ramkrishna Forgings Ltd 2.3%.
Profit growth over 3 years: Happy Forging Limited 13.1% a year vs Ramkrishna Forgings Ltd -33.9% a year.
Debt to equity: Ramkrishna Forgings Ltd 0.75 vs Happy Forging Limited 0.15.
Differences in the numbers, not a recommendation of either stock.
Side by side
| HAPPYFORGE | RKFORGE | |
|---|---|---|
| Price | ₹1,743.2 | ₹688.65 |
| Market cap | ₹16,481 cr | ₹11,771 cr |
| P/E | 50.3 | 67.8 |
| P/B | — | 3.6 |
| ROE | 15.2% | 2.3% |
| ROCE | 18.0% | 4.2% |
| Debt / equity | 0.15 | 0.75 |
| Operating margin | 25.3% | 8.7% |
| Dividend yield | 0.23% | 0.15% |
| Sales growth, 3 years (yearly) | 9.5% | 10.3% |
| Profit growth, 3 years (yearly) | 13.1% | -33.9% |
| 1-year return | 70.3% | 26.3% |
| Revenue, last 12 months | ₹1,642 cr | ₹4,937 cr |
| Net profit, last 12 months | ₹327 cr | ₹187 cr |
| Latest quarter | Jun 2026 | Sept 2026 |
| Quarter net profit | ₹91 cr | ₹71 cr |
| Quarter profit vs a year earlier | +39.2% | — |
| Promoter holding | 78.44% | 40.93% |
| Health check | Average (6/10) | Weak (3.5/10) |
Common questions
Which has a higher P/E, Happy Forging Limited or Ramkrishna Forgings Ltd?
Ramkrishna Forgings Ltd trades at the higher P/E (67.8 against 50.3). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Happy Forging Limited (15.2% against 2.3%).
Which carries more debt?
Ramkrishna Forgings Ltd has the higher debt-to-equity ratio (0.75 against 0.15).