Happy Forgings Share Price Today (HAPPYFORGE)
TODAY IN ONE LINE
HAPPYFORGE slipped 0.8% on light volume, lagging Nifty's 1.1% move, supported by recent strong earnings.
With a market cap of ₹15,054.35 Cr., it trades at a P/E of 49.83. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.
How good is this company?
Overall performance across 5 key dimensions.
Happy Forgings flags
Key strengths and potential risks.
Green Flags
- ●Earnings GrowthEPS (TTM) grew by a solid 23.0% YoY
- ●Quarterly OutperformanceLatest quarter Sales up 20.4% and Profit up 23.6%
- ●High Capital EfficiencyROCE of 18.0% indicating pricing power
- ●Healthy Operating MarginsOPM is structurally strong at 30.4%
- ●High Promoter HoldingPromoters hold 78.5% skin-in-the-game
- ●Virtually Debt-FreeVery low Debt-to-Equity of 0.00x
- ●Zero Pledge RiskNo recent active promoter pledging found
Red Flags
- ●Rising Receivables vs SalesReceivables grew 15.6% outpacing sales growth of 3.7%
What changed recently?
Recent events, corporate actions, and announcements.
Happy Forgings Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Happy Forgings Limited, framed against the sector median so the premium or discount is obvious at a glance.
Happy Forgings Limited trades at a P/E of 49.83× and P/B of 7.06×.
Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.
Valuation
Profitability
Growth
Financial Health
Happy Forgings Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Happy Forgings Limited — derived from the live tape, not yesterday's close.
Happy Forgings Limited last traded at ₹1,595.3 with an intraday range of ₹1,559.4–₹1,611.2 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹1595.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 1721.47 | +126.17 | +7.91% |
| R3 | 1669.67 | +74.37 | +4.66% |
| R2 | 1640.43 | +45.13 | +2.83% |
| R1 | 1617.87 | +22.57 | +1.41% |
| PIVOT | 1588.63 | -6.67 | -0.42% |
| CURRENT | 1595.30 | — | — |
| S1 | 1566.07 | -29.23 | -1.83% |
| S2 | 1536.83 | -58.47 | -3.66% |
| S3 | 1514.27 | -81.03 | -5.08% |
| S4 | 1462.47 | -132.83 | -8.33% |
HAPPYFORGE is trading Above CPR, indicating Bullishness
CPR is Average
Day's range: ₹1594.4–₹1611.2
Trading Inside opening range
Happy Forgings Limited financials: P&L, balance sheet, cash flow, ratios.
Reported annual and quarterly results for Happy Forgings Limited — consolidated or standalone — with margins, YoY growth and key ratios inline.
Happy Forgings Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹15,054.35 Cr. and reported EPS of ₹31.94.
| Metric | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue from Operations | 1,409 | 1,546 ▲ 9.8% |
| Sales Growth YoY %Derived | 3.73% | 9.76% |
| Other Income | 37 | 31 ▼ 17.7% |
| Total Income | 1,446 | 1,577 ▲ 9.0% |
| 592 | 632 ▲ 6.8% | |
| Gross ProfitDerived | 817 | 915 ▲ 11.9% |
| Gross Margin %Derived | 58.00% | 59.14% |
| 411 | 444 ▲ 8.1% | |
| EBITDA (Operating Profit)Derived | 407 | 471 ▲ 15.7% |
| OPM %Derived | 28.87% | 30.44% |
| 85 | 100 ▲ 17.6% | |
| Profit Before Tax (PBT) | 360 | 402 ▲ 11.8% |
| 92 | 100 ▲ 8.9% | |
| Effective Tax %Derived | 25.62% | 24.96% |
| Total Profit for Period | 267 | 302 ▲ 12.8% |
| Net Profit (Owner's PAT)Derived | 267 | 302 ▲ 12.8% |
| Net Profit Margin %Derived | 18.98% | 19.51% |
| PAT Growth YoY %Derived | 10.06% | 12.79% |
| Earnings Per Share (EPS ₹) | 28.38 | 31.97 ▲ 12.6% |
| Diluted Shares Outstanding (Cr) | 9 | 9 ▲ 0.1% |
| Other Comprehensive Income (Net of Tax) | 2 | -1 ▼ 166.9% |
| Total Expenses (incl. D&A & Interest) | 1,087 | 1,175 ▲ 8.1% |
| Material Cost % of RevenueDerived | 42.78% | 39.24% |
| Employee Cost % of RevenueDerived | 8.86% | 8.83% |
| Other Cost % of RevenueDerived | 20.28% | 19.87% |
| Interest Coverage (x)Derived | 43.76x | 36.44x |
| Period | Mar 2024 | Mar 2025 | Mar 2026 | Trend |
|---|---|---|---|---|
| Revenue from Operations | 1,358 | 1,409 ▲ 3.7% | 1,546 ▲ 9.8% | |
| Sales Growth YoY %Derived | — | 3.73% | 9.76% | |
| Other Income | 13 | 37 ▲ 180.4% | 31 ▼ 17.7% | |
| Total Income | 1,372 | 1,446 ▲ 5.5% | 1,577 ▲ 9.0% | |
597 | 592 ▼ 0.8% | 632 ▲ 6.8% | ||
| Gross ProfitDerived | 762 | 817 ▲ 7.3% | 915 ▲ 11.9% | |
| Gross Margin %Derived | 56.08% | 58.00% | 59.14% | |
374 | 411 ▲ 9.7% | 444 ▲ 8.1% | ||
| EBITDA (Operating Profit)Derived | 388 | 407 ▲ 4.9% | 471 ▲ 15.7% | |
| OPM %Derived | 28.53% | 28.87% | 30.44% | |
77 | 85 ▲ 10.6% | 100 ▲ 17.6% | ||
| Profit Before Tax (PBT) | 324 | 360 ▲ 10.8% | 402 ▲ 11.8% | |
81 | 92 ▲ 13.2% | 100 ▲ 8.9% | ||
| Effective Tax %Derived | 25.09% | 25.62% | 24.96% | |
| Total Profit for Period | 243 | 267 ▲ 10.1% | 302 ▲ 12.8% | |
| Net Profit (Owner's PAT)Derived | 243 | 267 ▲ 10.1% | 302 ▲ 12.8% | |
| Net Profit Margin %Derived | 17.89% | 18.98% | 19.51% | |
| PAT Growth YoY %Derived | — | 10.06% | 12.79% | |
| Earnings Per Share (EPS ₹) | 25.79 | 28.38 ▲ 10.0% | 31.97 ▲ 12.6% | |
| Diluted Shares Outstanding (Cr) | 9 | 9 ▲ 0.0% | 9 ▲ 0.1% | |
| Other Comprehensive Income (Net of Tax) | 6 | 2 ▼ 75.5% | -1 ▼ 166.9% | |
| Total Expenses (incl. D&A & Interest) | 1,047 | 1,087 ▲ 3.8% | 1,175 ▲ 8.1% | |
| Material Cost % of RevenueDerived | 46.36% | 42.78% | 39.24% | |
| Employee Cost % of RevenueDerived | 8.43% | 8.86% | 8.83% | |
| Other Cost % of RevenueDerived | 19.12% | 20.28% | 19.87% | |
| Interest Coverage (x)Derived | 27.41x | 43.76x | 36.44x |
Happy Forgings segment analysis : revenue and profit mix.
Disclosed business segments at Happy Forgings with their share of revenue and profit, switchable between consolidated and standalone reporting.
Happy Forgings discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
The Bull, Bear, and Flip case for Happy Forgings Limited.
Our AI distills the core fundamental drivers supporting Happy Forgings Limited, the risks that threaten it, and the quantitative conditions that could weaken the thesis.
Happy Forgings Limited's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Operating margin 24.68% demonstrates exceptional cost control and operational efficiency.
ROE 15.00% and ROCE 18.00% exceed sector averages, signaling efficient capital deployment.
Promoter holding 78.48% ensures strong management alignment and long-term commitment.
TTM revenue growth 20.40% signals robust top-line momentum across customer segments.
Debt-to-equity ratio 0.0015x provides exceptional financial flexibility and fortress balance sheet.
Key Risks.
P/E ratio 47.79x significantly exceeds peer median 23.79x, indicating premium valuation.
Dividend yield 0.19% is minimal, offering limited income appeal to investors.
Stock price at 97% of 52-week high ₹1,590.40 limits near-term upside potential.
EV/EBITDA 24.08x above peer median 17.67x signals valuation vulnerability to corrections.
Latest quarterly EPS grew 23.4% YoY yet PEG ratio 3.68x suggests overvaluation.
Flip Conditions.
Valuation risk. a P/E above 65 would leave less room for earnings disappointment.
Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Return-quality risk. ROE below 10% would indicate weaker capital compounding.
Happy Forgings Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Happy Forgings Limited is highlighted for quick read-across.
Quick Compare
Peer Comparison
Happy Forgings Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Happy Forgings Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
- 1Pick how to scan. Detection sets sensitivity — Daily (standard) → Weekly (big swings). History sets how far back to look.
- 2Read the summary. The tiles at the top give the current read: net bias, the strongest pattern, and the one nearest to triggering.
- 3Scan the list. Use the Actionable, Watchlist, and History tabs to browse patterns. Click a pattern card to focus it.
- 4Inspect on the chart. Focusing draws the pattern’s pivots plus its break (blue), target (amber) and invalidation lines.
- 5Filter to what matters. Use the status controls (Confirmed, Forming, Invalidated) to hide noise and find exactly what you are looking for.
Pattern history — every completed pattern and its outcome
Happy Forgings Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Happy Forgings Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Happy Forgings Limited stood at 51.7% of traded volume, against a 20-day average of 53.7%.
Happy Forgings announcements: results, concalls, ratings, M&A.
Filings Happy Forgings sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Happy Forgings files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 137 documents below.
Credit Rating
Happy Forgings Limited has informed the Exchange about Credit Rating
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Happy Forgings Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Copy of Newspaper Publication
Happy Forgings Limited has informed the Exchange about Copy of Newspaper Publication
Updates
Happy Forgings Limited has informed the Exchange regarding sending letters to shareholders who have not registered their email ID pursuant to…
Updates
Happy Forgings Limited has informed the Exchange regarding 'BRSR for the year ended 31st March 2026'.
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Happy Forgings dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Happy Forgings has declared, sequenced by announce and record date.
Happy Forgings corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
Happy Forgings insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Happy Forgings as reported to SEBI — buying and selling signals from the people who know the business best.
Happy Forgings insider activity below tracks 8 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.93 L | ₹1,291.78 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.4 L | ₹1,267.14 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.93 L | ₹1,291.78 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.4 L | ₹1,267.14 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +6.0 K | ₹75.66 L | ₹1,264.73 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.4 L | ₹1,267.14 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.93 L | ₹1,291.78 |
| PANKAJ KUMAR GOYAL | Insider | 17 Mar 2026 | buy | +2.2 K | ₹27.4 L | ₹1,267.14 |
About Happy Forgings Limited: business, sector, key facts.
What Happy Forgings Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Happy Forgings Limited operates in the Castings & Forgings industry under the Capital Goods sector, listed as NSE: HAPPYFORGE, BSE: 544057.
Happy Forgings Limited is an Indian-based manufacturer and supplier of a wide range of forgings and related components, catering to both domestic and international markets. Their product portfolio is extensive and encompasses various crucial parts for a multitude of industries.
The company's offerings include critical automotive components such as crankshafts, front axle beams, steering knuckles, differential cases, brake flanges, and suspension brackets. Beyond automotive applications, they also produce components for agricultural machinery, off-highway and industrial equipment, and other specialized sectors.
Happy Forgings' expertise extends to the production of components for heavier machinery and specialized applications. This includes parts for oil and gas extraction equipment, aerospace components, power generation systems, railway infrastructure, and even wind turbine technology. Their manufacturing capabilities cover a broad spectrum of forging needs.
In addition to larger components, Happy Forgings also manufactures smaller, precision-forged parts. These include items like piston pins, spacers, bicycle pedals, bull gears, and semi-machined transmission parts, demonstrating versatility in their production processes and the ability to serve a wide range of clients with diverse requirements.
Happy Forgings primarily serves original equipment manufacturers (OEMs) across various industries. Their customer base includes manufacturers of commercial vehicles, farm equipment, off-highway and industrial equipment, and those involved in the oil and gas, aerospace, power generation, railway, and wind turbine sectors. Their long-standing presence in the industry, dating back to their incorporation in 1979, speaks to their experience and reliability.
Related
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Questions investors ask about Happy Forgings Limited (HAPPYFORGE).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Happy Forgings Limited (HAPPYFORGE)?
The current share price of Happy Forgings Limited (HAPPYFORGE) is ₹1,595.3. Today, the stock has declined by ₹13.60 (0.85%), trading in a range of ₹1,559.4 to ₹1,611.2. The stock opened at ₹1,608.9 with a trading volume of 73,219 shares.
02Is Happy Forgings Limited stock a good investment for long-term?
Happy Forgings Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹15,054.35 crores, P/E ratio of 49.83, ROE of 15.00%, and ROCE of 18.00%. The dividend yield stands at 0.19%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Happy Forgings Limited stock?
The 52-week high price of Happy Forgings Limited (HAPPYFORGE) is ₹1,636.5, while the 52-week low is ₹862.05. Currently trading at ₹1,595.3, the stock is 94.7% away from its 52-week low and 2.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Happy Forgings Limited stock at the current price?
Whether to buy Happy Forgings Limited stock at ₹1,595.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 49.83 and P/B ratio of 7.06. Today's performance shows a loss of 0.85%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Happy Forgings Limited and when is the next dividend?
Happy Forgings Limited offers a dividend yield of 0.19%, which means for every ₹100 invested at the current price of ₹1,595.3, you can expect to receive approximately ₹0.19 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Happy Forgings Limited?
Happy Forgings Limited's key financial metrics include: P/E Ratio: 49.83, P/B Ratio: 7.06, ROE: 15.00%, ROCE: 18.00%, Dividend Yield: 0.19%, EPS: ₹31.94, Book Value: ₹225.56, and Debt-to-Equity: 0.15. The company's market cap stands at ₹15,054.35 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Happy Forgings Limited stock performing today in the market?
Happy Forgings Limited stock opened at ₹1,608.9 and is currently trading at ₹1,595.3, showing a decline of ₹13.60 (0.85%). The intraday high is ₹1,611.2 and low is ₹1,559.4. The trading volume stands at 73,219 shares, indicating moderate market participation today.
08What is the P/E ratio of Happy Forgings Limited and what does it indicate?
Happy Forgings Limited has a Price-to-Earnings (P/E) ratio of 49.83, which means investors are willing to pay ₹49.83 for every ₹1 of earnings. With an EPS of ₹31.94, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Happy Forgings Limited (HAPPYFORGE) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.