HAPPYFORGE vs KALYANIFRG: Stock Comparison

HAPPY FORGINGS vs KALYANIFRGUpdated 9 Oct 26, 4:08 PM ISTNSE & company filings

HAPPY FORGINGS is the larger company by market capitalisation. HAPPY FORGINGS shows a higher ROE, faster revenue growth and lower leverage, while KALYANIFRG shows a lower P/E and a higher dividend yield. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Metric snapshot

HAPPYFORGE leads 7; KALYANIFRG leads 6 of 13

Not a rating

Interactive comparison

Compare the numbers that shape the decision

Every row uses its own scale. Switch lenses to compare like with like.

HAPPYFORGEKALYANIFRG

Valuation lens

What price are you paying?

Market CapContext only
₹18,095 Cr
₹311 Cr
P/E RatioKALYANIFRG has the lower reading
55.25x
29.3x ✓
P/B RatioKALYANIFRG has the lower reading
8.5x
3.8x ✓
EPSKALYANIFRG has the higher reading
₹9.69
₹12.31 ✓
Book ValueContext only
₹225.49
₹262.63
Dividend YieldKALYANIFRG has the higher reading
0.21%
0.47% ✓

✓ marks the usual favourable reading; it is not a recommendation.

Key Differences

Market Cap
HAPPYFORGE is the larger company
₹18,095 Cr vs ₹311 Cr
P/E Ratio
KALYANIFRG has a lower P/E
29.3x vs 55.25x
P/B Ratio
KALYANIFRG has a lower P/B
3.8x vs 8.5x
EPS
KALYANIFRG has higher earnings per share
₹12.31 vs ₹9.69
Dividend Yield
KALYANIFRG has a higher dividend yield
0.47% vs 0.21%
Revenue Growth (TTM YoY)
HAPPYFORGE has faster revenue growth
20.4% vs -3.4%
EPS Growth (TTM YoY)
KALYANIFRG has faster EPS growth
164.2% vs 23%
Qtr Sales Growth
KALYANIFRG has stronger quarterly sales growth
17.24% vs 0%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricHAPPYFORGEKALYANIFRG
SectorCapital GoodsCapital Goods
IndustryCastings & ForgingsCastings & Forgings

Price

MetricHAPPYFORGEKALYANIFRG
Live Price₹1,922.6₹1,113.65
Day Change-0.94%2.74%
Volume72,27182,533
52-Week High₹2,470₹1,192.25
52-Week Low₹888.75₹523.6
Distance from 52W High-22.16%-6.59%

Valuation

MetricHAPPYFORGEKALYANIFRG
Market Cap₹18,095 Cr₹311 Cr
P/E Ratio55.25x29.3x
P/B Ratio8.5x3.8x
EPS₹9.69₹12.31
Book Value₹225.49₹262.63
Dividend Yield0.21%0.47%

Growth

MetricHAPPYFORGEKALYANIFRG
Revenue Growth (TTM YoY)20.4%-3.4%
EPS Growth (TTM YoY)23%164.2%
Qtr Sales Growth0%17.24%
Qtr Profit Growth0%-23.81%

Profitability & Leverage

MetricHAPPYFORGEKALYANIFRG
ROE14.17%9.75%
ROCE12.72%7.11%
Net Margin19.45%3.97%
Operating Margin26.67%9.39%
Debt to Equity0.15x1.11x

Shareholding

As of Sep 2026 • change vs previous quarter
MetricHAPPYFORGEKALYANIFRG
Promoter Holding78.44%▼ 0.02 pp58.76%
FII Holding2.37%▲ 0.49 pp0%
DII Holding14.93%▼ 0.61 pp0%
Public Holding4.26%▲ 0.13 pp41.24%

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: HAPPY FORGINGS and KALYANIFRG.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.