Happy Forgings Ltd.

₹1,499.1

-43.1 (-2.8%)

HAPPYFORGE Share Price

Industrial Products

As on July 3, 2026

SectorCapital Goods

IndustryIndustrial Products

Basic IndustryCastings & Forgings

Market Cap₹ 14,119 Cr

P/E Ratio46.89

Dividend Yield0.13 %

Trendline Performance

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T&C*

Technicals

Indicators	Value	Signal
5-DMA	1,527.84	Bearish
10-DMA	1,525	Bearish
20-DMA	1,447.98	Bullish
50-DMA	1,406.63	Bullish
100-DMA	1,330.45	Bullish
200-DMA	1,178.58	Bullish

Historical Performance

1 Year

52.7%

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-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Net Sales	15,463	14,089	13,582	11,965	8,600
Total Expenditure	10,756	10,022	9,707	8,556	6,292
Other Income	308	375	134	57	61
Operating Profit	5,015	4,441	4,009	3,467	2,369
Interest	105	75	118	125	72
Depreciation	890	771	647	542	377
Profit Before Tax	4,020	3,596	3,244	2,800	1,921
Consolidated Net Profit	3,016	2,674	2,430	2,087	1,423
Adjusted EPS	32	28	26	23	16

Compounded Sales Growth

10 Years:21.5

5 Years:21.5

3 Years:5.3

TTM:1.9

Compounded Profit Growth

10 Years:28.4

5 Years:28.4

3 Years:7.6

TTM:2.4

Stock Price CAGR

10 Years:N/A

5 Years:N/A

3 Years:N/A

TTM:54

Return on Equity

10 Years:N/A

5 Years:15.9

3 Years:25.8

last year:32

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-2026	Mar-2025	Mar-2024	Mar-2023	Mar-2022
Share Capital	189	188	188	179	179
Total Reserves	21,020	18,207	15,880	9,704	7,697
Long-Term Borrowings	---	---	---	---	---
Total Non-Current Liabilities	490	393	316	812	970
Other Current Liabilities	632	446	367	598	306
Short Term Borrowings	3,296	2,280	1,433	1,343	1,616
Total Liabilities	26,328	22,152	18,860	13,262	11,299
Capital Work in Progress	2,294	1,164	1,219	748	2,123
Long Term Loans & Advances	1,864	1,282	813	600	349
Currents Investments	2,370	796	---	---	4
Short Term Loans and Advances	1,407	207	267	79	105
Total Current Assets	10,711	9,186	7,418	4,893	4,254
Total Assets	26,328	22,152	18,860	13,262	11,299
Adjusted Book Value	225	195	171	110	88

Positive

(80 to 100)

Neutral

(60 to 79)

Negative

(0 to 59)

The stock has a high PE of 46.89, indicating expensive valuation or elevated growth expectations.
Over the last three years, the stock delivered a strong 3-year price CAGR of 20.6%, indicating sustained price appreciation.
The stock carries a beta of 1.1, indicating volatility broadly in line with the market.
In the last financial year, the company reported an EBITDA of ₹5015 million, reflecting positive operating performance.
In the previous financial year, the company generated revenue of ₹15463 million, indicating a large and established business.

Investment Calculator

Investment Amount:₹

Investment Amount: ₹ 1000000

Current Value: ₹ 1568916.8

No. of Shares: 1047 (Approx)

Performance:56.9%

P/L: ₹568916.8

NIFTY Performance: -4.7%

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