Happy Forgings Ltd.

₹1,046.8

-3 (-0.3%)

HAPPYFORGE Share Price

Industrial Products

As on January 28, 2026

SectorCapital Goods

IndustryIndustrial Products

Basic IndustryCastings & Forgings

Market Cap₹ 9,810 Cr

P/E Ratio36.89

Dividend Yield0.14 %

Trendline Performance

Unlock Stock of the Month

T&C*

Technicals

Indicators	Value	Signal
5-DMA	1,038.5	Bullish
10-DMA	1,057.32	Bearish
20-DMA	1,101.32	Bearish
50-DMA	1,073.06	Bearish
100-DMA	1,017.86	Bullish
200-DMA	962.17	Bullish

Historical Performance

1 Year

0.4%

3 Years

N/A

5 Years

N/A

10 Years

N/A

Shareholding Pattern

Values Analysis

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Profit & Loss

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Net Sales	14,089	13,582	11,965	8,600	5,850
Total Expenditure	10,022	9,707	8,556	6,292	4,262
Other Income	375	134	57	61	59
Operating Profit	4,441	4,009	3,467	2,369	1,646
Interest	75	118	125	72	118
Depreciation	771	647	542	377	358
Profit Before Tax	3,596	3,244	2,800	1,921	1,171
Consolidated Net Profit	2,674	2,430	2,087	1,423	864
Adjusted EPS	28	26	23	16	10

Compounded Sales Growth

10 Years:19.2

5 Years:19.2

3 Years:10.4

TTM:0.7

Compounded Profit Growth

10 Years:25.3

5 Years:25.3

3 Years:13.5

TTM:1.9

Stock Price CAGR

10 Years:N/A

5 Years:N/A

3 Years:N/A

TTM:1

Return on Equity

10 Years:N/A

5 Years:9.7

3 Years:23.3

last year:28.4

Quarterly Results

Below figures are in Rs. Crores

Particulars	Sep-2024	Dec-2024	Mar-2025	Jul-2025	Sep-2025
Sales	1,70,754	1,35,936	1,28,552	1,22,189	1,05,161
Expenses	63,042	56,557	52,457	45,459	34,856
Operating Profit	1,07,712	79,379	76,096	76,730	70,304
OPM %	63%	58%	59%	63%	67%
Other Income	33,912	31,759	27,333	24,879	18,947
Interest	77,780	58,584	59,248	62,137	53,713
Depreciation	2,345	1,681	1,385	1,277	1,221
Profit Before Tax	61,498	50,873	42,796	38,195	34,318
Tax %	25%	25%	26%	29%	35%
Net Profit	46,149	38,151	31,857	27,296	22,446
EPS in Rs	83	69	58	50	42

Balance Sheet

Below figures are in Rs. Crores

Particulars	Mar-2025	Mar-2024	Mar-2023	Mar-2022	Mar-2021
Share Capital	188	188	179	179	89
Total Reserves	18,207	15,880	9,704	7,697	6,362
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	393	316	812	970	535
Other Current Liabilities	446	367	598	306	105
Short Term Borrowings	2,280	1,433	1,343	1,616	1,235
Total Liabilities	22,152	18,860	13,262	11,299	8,744
Capital Work in Progress	1,164	1,219	748	2,123	394
Long Term Loans & Advances	1,282	813	600	349	836
Currents Investments	796	---	---	4	---
Short Term Loans and Advances	209	267	79	87	88
Total Current Assets	9,186	7,418	4,893	4,254	3,348
Total Assets	22,152	18,860	13,262	11,299	8,744
Adjusted Book Value	195	171	110	88	72

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a high PE of 36.89, indicating expensive valuation or elevated growth expectations.
Over the last three years, the stock delivered a weak 3-year price CAGR of 0.8%, indicating poor shareholder returns.
The stock carries a beta of 1.0, indicating volatility broadly in line with the market.
In the last financial year, the company reported an EBITDA of ₹4441 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹14089 million, indicating a large and established business.

Investment Calculator

Investment Amount:

₹

Investment Amount: ₹ 1000000

Current Value: ₹ 1009742.5

No. of Shares: 965 (Approx)

Performance:1%

P/L: ₹9742.5

NIFTY Performance: 9.4%

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