HAPPY FORGINGS LIMITED Fair Value
HAPPYFORGE · Capital Goods · Current price ₹2,445.8
| Method | Fair value | Status |
|---|---|---|
| Residual income | ₹265 | 15% ROE fading to 12% over ~10 yrs, on ₹226 book |
| Relative P/E | ₹1,123 | EPS × 35.1 peer-median P/E |
| Graham floor | ₹403 | Conservative floor: √(22.5 × EPS × book value/share) |
| Analyst target | ₹1,920 | Street consensus 12-month target price |
Is HAPPY FORGINGS LIMITED undervalued?
DocStoX estimates the fair value of HAPPY FORGINGS LIMITED at ₹778 per share, versus the current market price of ₹2,446. That puts the stock about -68.2% above our fair-value estimate, which we read as "Avoid". Our confidence in this estimate is low.
How this fair value is calculated
This estimate blends 4 independent methods: Residual income (₹265), Relative P/E (₹1,123), Graham floor (₹403), Analyst target (₹1,920). We weight each by its reliability and skip any method whose inputs look untrustworthy — "no DCF beats a wrong DCF". This is the same deterministic engine that powers DocStoX stock pages; there is no guesswork or AI-generated number here.
Bear, base and bull scenarios
Our scenarios span ₹265 (bear) to ₹778 (base) to ₹1,920 (bull). A margin of safety means buying meaningfully below the base case — the wider the gap, the more room for error in the assumptions.
More on HAPPY FORGINGS LIMITED
DocStoX estimates are generated by a deterministic valuation engine from reported financials — for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.