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Historical Ratios
Track top 12 most important financial ratios
P/E Ratio: Price to Earnings - Most used valuation metric
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Analyzing Investment Quality
Processing 9 key metrics...
Key Metrics
Hover for details
Valuation
Market Cap
₹11,929.65 Cr
Market Cap
Total market value of companyP/E Ratio
44.56
P/E Ratio
Price to Earnings. Lower is generally better (<25 is good)P/B Ratio
4.41
P/B Ratio
Price to Book Value. <3 may indicate undervaluationEPS
₹28.77
EPS
Earnings Per Share. Higher and growing is positiveProfitability
ROE
-%
ROE
Return on Equity. >15% is good, >20% is excellentROCE
19.20%
ROCE
Return on Capital Employed. >15% is goodNet Margin
18.88%
Net Margin
Net profit as % of revenue. >10% is goodOperating Margin
-%
Operating Margin
Operating profit margin. >15% is goodGrowth
EPS Growth (5Y)
-%
EPS Growth (5Y)
5-year EPS growth. >15% is strongRevenue Growth (5Y)
-%
Revenue Growth (5Y)
5-year revenue growth. >10% is goodQtr Sales Growth
3.61%
Qtr Sales Growth
Quarter-over-quarter sales growthQtr Profit Growth
2.96%
Qtr Profit Growth
Quarter-over-quarter profit growthFinancial Health
Debt/Equity
0.12
Debt/Equity
Financial leverage. <1 is good, <0.5 is excellentBook Value
₹196.25
Book Value
Net asset value per shareDividend Yield
-%
Dividend Yield
Annual dividend as % of price. >2% is goodPromoter Holding
78.50%
Promoter Holding
Promoter stake. >50% shows confidenceGood
Average
Needs Attention
SWOT Analysis
Strengths
5 points- •Happy Forgings boasts a robust 28.90% operating profit margin (OPM), showcasing efficient cost management and high operational efficiency. This strong OPM contributes significantly to the company's overall profitability and financial health.
- •The company demonstrates consistent quarterly profit growth, with a recent increase of 2.96%. This positive trend, coupled with a low 0.12 debt-to-equity ratio, points towards a financially stable and expanding business.
Weaknesses
4 points- •Happy Forgings' stock price has shown considerable volatility, fluctuating between ₹1191 and ₹716 in the past year. This volatility poses a risk for investors seeking portfolio stability and consistent returns.
- •The company's Price-to-Earnings (P/E) ratio of 35.80 is relatively high compared to industry peers (e.g., AIAENG at 28.43), potentially suggesting overvaluation. Investors should carefully assess this valuation metric.
Opportunities
3 points- •The company operates in the 'Capital Goods' sector, which is poised for growth driven by increasing infrastructure development and industrial expansion. This trend could significantly boost demand for its specialized castings and forgings.
- •With a strong financial position, including a low 0.12 debt-to-equity ratio and robust OPM of 28.90%, Happy Forgings is well-positioned for strategic expansions. This could involve new product lines or market entry.
Threats
4 points- •The 'Castings & Forgings' industry is highly competitive, with peers like AIA Engineering and Balu Forge exhibiting strong metrics. Intense competition could pressure Happy Forgings' margins and market share.
- •Fluctuations in raw material prices, particularly steel and other metals, pose a significant threat to profitability. Happy Forgings' operating margins could be impacted if input costs rise sharply and cannot be passed on.
Segment-wise Financial Analysis
Financial Results
Balance Sheet
Standalone • Annual • All amounts in ₹ Crores • CA Schedule III Format
No Balance Sheet Data Available
Standalone annual data is not available for this symbol.
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Shareholding Pattern
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Company Insider Trading Activity
No insider trading data available
Corporate Action
Company Announcements
Technical Analysis & Indicators
Standard pivot points - most widely used
Pivot Points (CLASSIC)
| Level | Price | Distance | % Change |
|---|---|---|---|
| R4 | ₹1359.87 | +₹109.27 | +8.74% |
| R3 | ₹1316.47 | +₹65.87 | +5.27% |
| R2 | ₹1295.53 | +₹44.93 | +3.59% |
| R1 | ₹1273.07 | +₹22.47 | +1.80% |
| PIVOT | ₹1252.13 | 1.53 | 0.12% |
| CURRENT | ₹1250.60 | - | - |
| S1 | ₹1142.87 | -₹107.73 | -8.61% |
| S2 | ₹1186.27 | -₹64.33 | -5.14% |
| S3 | ₹1208.73 | -₹41.87 | -3.35% |
| S4 | ₹1229.67 | -₹20.93 | -1.67% |
CPR Levels
Support
Resistance
S4
N/A
S3
N/A
S2
N/A
S1
N/A
| CPR |
BC: N/AP: N/ATC: N/A
R1
N/A
R2
N/A
R3
N/A
R4
N/A
LTP: N/A
PDH: N/A
PDL: N/A
● Market Sentiment
is trading CPR, indicating
● CPR Width
CPR is
● Opening Range
Day's range: ~
● Price Position
Trading Inside opening range
Delivery Volume Analysis & Trading Activity
Latest Volume-28.6% vs avg
0.69L
(02 Mar 2026)Delivery %+4.4% vs avg
56.4%
(02 Mar 2026)Avg Volume (20D)20-day average
0.97L
(03 Feb - 02 Mar)Avg Delivery %Trend ↓
51.9%
(03 Feb - 02 Mar)Delivery % indicates the percentage of traded volume that resulted in actual delivery. Higher delivery % (>50%) suggests genuine buying interest and stronger hands.
Peer Comparison & Industry Benchmarking
Quick Compare
Largest by Market Cap
Cummins India Ltd
1.27L ₹ Cr
Best Profit Growth
Tata Motors Ltd
67.60 %
Highest Dividend Yield
Jamna Auto Industries Ltd
1.42 %
Peer Comparison
| Company Name |
|---|
 Action Construction Equipment Ltd |
 Ajax Engineering Ltd |
 Balu Forge Industries Ltd |
 BEML Ltd |
 Cochin Shipyard Ltd |
 Craftsman Automation Ltd |
 Cummins India Ltd |
 Force Motors Ltd |
 Jamna Auto Industries Ltd |
 Jupiter Wagons Ltd |
 Olectra Greentech Ltd |
 SML ISUZU Ltd |
 |
 Texmaco Rail & Engineering Ltd |
 Titagarh Rail Systems Ltd |
 Tata Motors Ltd |
About
Happy Forgings Ltd
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.
COMPANY FACTS - HAPPYFORGE
Registered Address
B-29-2254/1,, Kanganwal Road, P. O Jugiana
Ludhiana
PUNJAB
IN
Tel: 911615000551
Website:https://happyforgingsltd.com
Investor Relations:https://happyforgingsltd.com/investors/
Company Details
Group: Capital Goods
Sector: Industrials
Industry: Machinery
Exchange: NATIONAL STOCK EXCHANGE OF INDIA
Employees: 3,171
IPO Date: 27/12/2023
MANAGEMENT - HAPPYFORGE
Mr. Narinder Singh
Chief Executive Officer, Whole-Time Director
Pankaj Goyal
Chief Financial Officer
Megha Garg
Whole-Time Director (Promoter)
Suman Garg
Whole-Time Director (Promoter)
Bindu Garg
Company Secretary
Mr. Ashish Garg
Managing Director (Promoter)
Paritosh Kumar
Managing Director (Promoter)
Nitin Aggarwal
Director
Prakash Bagla
Nominee Director
Vikas Giya
Independent Director
Ravindra Pisharody
Independent Director
Satish Sekhri
Independent Director
Investor Questions Answered
Happy Forgings Ltd (HAPPYFORGE) Stock FAQs
Get answers to the most common questions about Happy Forgings Ltd stock price, fundamentals, financial metrics, and investment analysis
The current share price of Happy Forgings Ltd (HAPPYFORGE) is ₹1,250.6. Today, the stock has declined by ₹43.80 (3.38%), trading in a range of ₹1,231.2 to ₹1,274.6. The stock opened at ₹1,261.5 with a trading volume of 58,046 shares.
Happy Forgings Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹11,929.65 crores, P/E ratio of 44.56, ROE of 0.00%, and ROCE of 19.20%. The dividend yield stands at 0.00%. 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.
The 52-week high price of Happy Forgings Ltd (HAPPYFORGE) is ₹1,370, while the 52-week low is ₹724.1. Currently trading at ₹1,250.6, the stock is 81.5% away from its 52-week low and 8.7% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
Whether to buy Happy Forgings Ltd stock at ₹1,250.6 depends on multiple factors. The stock is currently trading with a P/E ratio of 44.56 and P/B ratio of N/A. Today's performance shows a loss of 3.38%. 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.
Happy Forgings Ltd offers a dividend yield of 0.00%, which means for every ₹100 invested at the current price of ₹1,250.6, you can expect to receive approximately ₹0.00 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.
Happy Forgings Ltd's key financial metrics include: P/E Ratio: 44.56, P/B Ratio: N/A, ROE: 0.00%, ROCE: 19.20%, Dividend Yield: 0.00%, EPS: ₹28.77, Book Value: ₹196.25, Debt-to-Equity: 0.12, and Current Ratio: N/A. The company's market cap stands at ₹11,929.65 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
Happy Forgings Ltd stock opened at ₹1,261.5 and is currently trading at ₹1,250.6, showing a decline of ₹43.80 (3.38%). The intraday high is ₹1,274.6 and low is ₹1,231.2. The trading volume stands at 58,046 shares, indicating moderate market participation today.
Happy Forgings Ltd has a Price-to-Earnings (P/E) ratio of 44.56, which means investors are willing to pay ₹44.56 for every ₹1 of earnings. With an EPS of ₹28.77, 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.
Happy Forgings Ltd has a market capitalization of ₹11,929.65 crores, making it a small-cap company. Market cap is calculated by multiplying the current stock price (₹1,250.6) by the total number of outstanding shares. This metric helps investors understand the company's size, stability, and investment risk profile.
Happy Forgings Ltd has a book value of ₹196.25 per share and a Price-to-Book (P/B) ratio of N/A. The current market price is ₹1,250.6, which is 537.2% above the book value. A P/B ratio below 1 may indicate undervaluation or asset quality concerns.
Happy Forgings Ltd has a Return on Equity (ROE) of 0.00% and Return on Capital Employed (ROCE) of 19.20%. ROE measures how efficiently the company generates profits from shareholders' equity, while ROCE indicates how well the company uses its capital to generate profits. These returns may need improvement for better profitability. Higher percentages generally indicate better financial performance.
Happy Forgings Ltd operates in the diversified sector and belongs to the general industry. The company competes with other players in this space and its performance is influenced by sector-specific trends, regulatory changes, and market dynamics. Understanding the sector helps investors assess growth potential, cyclical patterns, and industry-specific risks that may impact the stock's performance.
Happy Forgings Ltd has a debt-to-equity ratio of 0.12, which measures the company's financial leverage by comparing total debt to shareholders' equity. A low ratio suggests conservative financing with minimal debt. Lower ratios generally indicate lower financial risk, but optimal levels vary by industry.
Happy Forgings Ltd has an Earnings Per Share (EPS) of ₹28.77, which represents the company's profit allocated to each outstanding share. With a current stock price of ₹1,250.6 and P/E ratio of 44.56, investors are paying 44.56 times the annual earnings per share. This moderate EPS suggests decent earnings generation. Track EPS growth over quarters to assess earnings momentum.
Happy Forgings Ltd has reported a sales growth of N/A% and profit growth of N/A%. The company may be facing growth challenges or operating in a mature market. Consistent growth over multiple quarters is a positive indicator for long-term investors. Compare these growth rates with industry peers for better perspective.
Happy Forgings Ltd has a current ratio of N/A, which measures the company's ability to pay short-term obligations with current assets. A ratio below 1 may indicate potential liquidity concerns. This metric is crucial for assessing the company's working capital management and financial safety.
To analyze Happy Forgings Ltd stock, consider: 1) Fundamental Analysis - Review P/E (44.56), ROE (0.00%), debt-to-equity (0.12), and growth rates. 2) Technical Analysis - Check 52-week range (₹724.10 - ₹1370.00), moving averages, and chart patterns. 3) Valuation - Compare current price (₹1250.60) with book value (₹196.25) and industry peers. 4) Financial Health - Assess current ratio (N/A) and cash flows. 5) Growth Prospects - Evaluate sales growth (N/A%) and profit growth (N/A%). Always diversify and consult a financial advisor.
The face value (or par value) of Happy Forgings Ltd share is ₹2.00. Face value is the nominal value of a share as stated in the company's charter and is used for accounting purposes and calculating dividends. The current market price of ₹1,250.6 is 62430x the face value. Face value remains constant unless the company undergoes a stock split or bonus issue, while market price fluctuates based on demand and supply.
Investing in Happy Forgings Ltd carries several risks: 1) Market Risk - Stock price volatility (52-week range: ₹724.10 - ₹1370.00). 2) Business Risk - Industry-specific challenges in the sector. 3) Financial Risk - Debt-to-equity ratio of 0.12 indicates leverage. 4) Liquidity Risk - Based on trading volume of 58,046 shares. 5) Valuation Risk - P/E of 44.56 may indicate over/undervaluation. 6) Economic Risk - Macroeconomic factors affecting the industry. Diversify your portfolio and invest only what you can afford to lose.
Happy Forgings Ltd operates in the industry with key metrics: P/E ratio of 44.56, ROE of 0.00%, market cap of ₹11,929.65 crores, and dividend yield of 0.00%. To make an informed comparison, analyze these metrics against industry peers considering factors like revenue growth (N/A%), profit margins, debt levels (D/E: 0.12), and market position. Use our peer comparison tool on this page to see detailed side-by-side analysis with competitors.
Target prices for Happy Forgings Ltd vary among analysts and depend on multiple factors including earnings projections, industry trends, and market conditions. The stock is currently trading at ₹1,250.6, with a 52-week range of ₹724.10 to ₹1370.00. Based on fundamentals like P/E (44.56), ROE (0.00%), and growth rates, analysts may have different target prices. Always refer to recent research reports from reputed brokerages and make decisions based on your own analysis and risk appetite.
Consider selling Happy Forgings Ltd stock when: 1) Target Price Achieved - If the stock reaches your predetermined target from current ₹1250.60. 2) Fundamental Deterioration - Declining ROE (currently 0.00%), increasing debt (D/E: 0.12), or falling growth rates. 3) Better Opportunities - Finding stocks with superior risk-reward ratios. 4) Portfolio Rebalancing - When the stock becomes overweight in your portfolio. 5) Changed Investment Thesis - If reasons for buying no longer hold. 6) Stop Loss - If price falls below your risk threshold. Always base decisions on thorough analysis rather than emotions.
Tax implications for Happy Forgings Ltd stock investments: 1) Short-term Capital Gains (STCG) - If sold within 1 year, gains taxed at 15% plus cess. 2) Long-term Capital Gains (LTCG) - If held over 1 year, gains above ₹1 lakh taxed at 10% without indexation. 3) Dividend Income - Dividends (current yield: 0.00%) are taxable as per your income tax slab. 4) Securities Transaction Tax (STT) - Applicable on both buy and sell transactions. 5) Intraday Trading - Treated as speculative income, taxed as per slab. Tax laws change periodically, so consult a tax advisor for personalized guidance and latest regulations.
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