Share Price and Basic Stock Data
Last Updated: December 9, 2025, 2:14 am
| PEG Ratio | 2.84 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Happy Forgings Ltd operates in the forging industry, a sector critical for automotive and industrial applications. The company has demonstrated robust growth, with reported sales rising from ₹1,197 Cr in FY 2023 to ₹1,421 Cr in the trailing twelve months (TTM). This consistent upward trajectory reflects a solid demand for forged products, particularly as the automotive sector rebounds post-pandemic. The quarterly sales figures also highlight this growth: from ₹294 Cr in December 2022 to ₹343 Cr in September 2023, before settling at ₹352 Cr in March 2025. This indicates a strong performance, although the slight dip in the latter quarter may warrant further observation. Happy Forgings’ ability to maintain revenue growth amidst fluctuating market conditions speaks to its operational resilience and market positioning.
Profitability and Efficiency Metrics
In terms of profitability, Happy Forgings has reported an impressive operating profit margin (OPM) of 29%, reflecting effective cost management strategies. This margin has been relatively stable, hovering around 29% over the past few quarters. The net profit for FY 2025 stood at ₹268 Cr, up from ₹243 Cr in FY 2024, indicating a healthy growth rate. Moreover, the company boasts a strong return on equity (ROE) of 15.5% and a return on capital employed (ROCE) of 19.2%. These figures suggest that Happy Forgings is effectively utilizing its equity and capital to generate profits. However, it’s worth noting that the cash conversion cycle (CCC) has increased to 226 days, which may indicate potential inefficiencies in managing receivables and inventory. Investors should keep an eye on this metric as it could impact liquidity in the future.
Balance Sheet Strength and Financial Ratios
The balance sheet of Happy Forgings presents a strong picture, with total reserves reported at ₹1,941 Cr against borrowings of just ₹193 Cr. This low leverage, reflected in a debt-to-equity ratio of 0.12, indicates that the company is not overly reliant on debt to finance its operations, which is a positive sign for long-term stability. The interest coverage ratio (ICR) stands at a remarkable 58.96x, suggesting that the company comfortably meets its interest obligations. Additionally, the current ratio of 2.81 indicates a solid liquidity position, easily covering short-term liabilities. However, the price-to-book value (P/BV) ratio of 4.00x suggests the stock may be priced at a premium compared to its book value, which could raise concerns about valuation for some investors.
Shareholding Pattern and Investor Confidence
Investor confidence in Happy Forgings is reflected in its shareholding pattern. Promoters hold a significant stake of 78.52%, which underscores their commitment to the company’s long-term vision. On the other hand, foreign institutional investors (FIIs) and domestic institutional investors (DIIs) account for 2.03% and 17.02% of the total shares, respectively. The relatively low FII participation could indicate a lack of widespread international interest, potentially limiting the stock’s appeal to global investors. Furthermore, the public shareholdings have slightly declined, indicating a possible shift in sentiment among retail investors. With a total of 61,075 shareholders, the diversified ownership base can be a stabilizing factor, but it also highlights the importance of maintaining investor relations and confidence moving forward.
Outlook, Risks, and Final Insight
Looking ahead, Happy Forgings appears well-positioned to capitalize on the growing demand in the forging sector, particularly from the automotive industry. However, several risks need to be considered. The increasing cash conversion cycle could indicate potential cash flow challenges, which, if not addressed, might strain liquidity. Additionally, the company’s high P/BV ratio suggests that while investors are optimistic, any downturn in performance could lead to significant corrections in stock price. The low FII participation may also be a concern for those seeking broader market validation. Investors should weigh these risks against the company’s strong fundamentals, including robust profitability and a solid balance sheet. Overall, Happy Forgings is a company to watch, but potential investors should remain cautious and attentive to both operational efficiencies and market dynamics.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Happy Forgings Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 9,604 Cr. | 1,013 | 1,135/716 | 35.4 | 208 | 0.30 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 29.1 Cr. | 14.3 | 44.4/14.1 | 16.2 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 15,340 Cr. | 405 | 521/357 | 19.2 | 183 | 1.73 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,764 Cr. | 1,519 | 1,750/850 | 70.0 | 129 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 12.0 Cr. | 8.35 | 12.0/7.26 | 29.3 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,452.50 Cr | 401.72 | 72.04 | 155.23 | 0.32% | 10.77% | 10.71% | 6.13 |
Quarterly Result
| Metric | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 294 | 302 | 330 | 343 | 342 | 343 | 341 | 361 | 354 | 352 | 354 |
| Expenses | 221 | 217 | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 |
| Operating Profit | 73 | 86 | 100 | 94 | 95 | 97 | 98 | 105 | 101 | 102 | 101 |
| OPM % | 25% | 28% | 30% | 27% | 28% | 28% | 29% | 29% | 29% | 29% | 29% |
| Other Income | 2 | 2 | 3 | 1 | 3 | 7 | 8 | 13 | 7 | 10 | 10 |
| Interest | 3 | 5 | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 2 | 2 |
| Depreciation | 16 | 14 | 15 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 |
| Profit before tax | 56 | 68 | 85 | 74 | 78 | 87 | 86 | 97 | 87 | 90 | 89 |
| Tax % | 26% | 25% | 25% | 25% | 25% | 25% | 26% | 27% | 26% | 24% | 26% |
| Net Profit | 42 | 51 | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 |
| EPS in Rs | 4.65 | 5.67 | 7.16 | 6.17 | 6.15 | 6.98 | 6.78 | 7.58 | 6.85 | 7.19 | 6.97 |
Last Updated: August 19, 2025, 5:25 pm
Below is a detailed analysis of the quarterly data for Happy Forgings Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 354.00 Cr.. The value appears strong and on an upward trend. It has increased from 352.00 Cr. (Mar 2025) to 354.00 Cr., marking an increase of 2.00 Cr..
- For Expenses, as of Jun 2025, the value is 253.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 250.00 Cr. (Mar 2025) to 253.00 Cr., marking an increase of 3.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 101.00 Cr.. The value appears to be declining and may need further review. It has decreased from 102.00 Cr. (Mar 2025) to 101.00 Cr., marking a decrease of 1.00 Cr..
- For OPM %, as of Jun 2025, the value is 29.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 29.00%.
- For Other Income, as of Jun 2025, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 10.00 Cr..
- For Interest, as of Jun 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 2.00 Cr..
- For Depreciation, as of Jun 2025, the value is 21.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 20.00 Cr. (Mar 2025) to 21.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 89.00 Cr.. The value appears to be declining and may need further review. It has decreased from 90.00 Cr. (Mar 2025) to 89.00 Cr., marking a decrease of 1.00 Cr..
- For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Mar 2025) to 26.00%, marking an increase of 2.00%.
- For Net Profit, as of Jun 2025, the value is 66.00 Cr.. The value appears to be declining and may need further review. It has decreased from 68.00 Cr. (Mar 2025) to 66.00 Cr., marking a decrease of 2.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 6.97. The value appears to be declining and may need further review. It has decreased from 7.19 (Mar 2025) to 6.97, marking a decrease of 0.22.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 23, 2025, 12:59 pm
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 550 | 750 | 558 | 585 | 860 | 1,197 | 1,358 | 1,409 | 1,421 |
| Expenses | 413 | 545 | 416 | 426 | 629 | 856 | 971 | 1,002 | 1,011 |
| Operating Profit | 137 | 205 | 142 | 159 | 231 | 341 | 388 | 407 | 410 |
| OPM % | 25% | 27% | 26% | 27% | 27% | 28% | 29% | 29% | 29% |
| Other Income | 4 | 1 | 7 | 6 | 6 | 6 | 13 | 37 | 40 |
| Interest | 22 | 23 | 25 | 12 | 7 | 12 | 12 | 8 | 8 |
| Depreciation | 23 | 29 | 28 | 36 | 38 | 54 | 65 | 77 | 80 |
| Profit before tax | 96 | 155 | 96 | 117 | 192 | 280 | 324 | 360 | 362 |
| Tax % | 39% | 38% | 17% | 26% | 26% | 25% | 25% | 26% | |
| Net Profit | 58 | 95 | 80 | 86 | 142 | 209 | 243 | 268 | 269 |
| EPS in Rs | 738.38 | 1,066.26 | 893.18 | 965.92 | 15.90 | 23.32 | 25.79 | 28.39 | 28.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 6% | 16% | 11% |
YoY Net Profit Growth
| Year | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 63.79% | -15.79% | 7.50% | 65.12% | 47.18% | 16.27% | 10.29% |
| Change in YoY Net Profit Growth (%) | 0.00% | -79.58% | 23.29% | 57.62% | -17.93% | -30.92% | -5.98% |
Happy Forgings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.
No data available for the compounded sales growth chart.
Balance Sheet
Last Updated: December 4, 2025, 3:01 am
| Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 9 | 9 | 9 | 18 | 18 | 19 | 19 | 19 |
| Reserves | 176 | 470 | 550 | 636 | 770 | 970 | 1,594 | 1,831 | 1,941 |
| Borrowings | 301 | 156 | 105 | 150 | 240 | 219 | 143 | 227 | 193 |
| Other Liabilities | 92 | 85 | 100 | 79 | 102 | 119 | 130 | 138 | 149 |
| Total Liabilities | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 | 2,215 | 2,301 |
| Fixed Assets | 285 | 291 | 275 | 415 | 456 | 678 | 744 | 907 | 951 |
| CWIP | 9 | 46 | 109 | 40 | 212 | 75 | 127 | 123 | 226 |
| Investments | 0 | 30 | 0 | 0 | 0 | 0 | 0 | 80 | 86 |
| Other Assets | 282 | 352 | 378 | 419 | 461 | 573 | 1,015 | 1,105 | 1,038 |
| Total Assets | 576 | 719 | 763 | 874 | 1,130 | 1,326 | 1,886 | 2,215 | 2,301 |
Below is a detailed analysis of the balance sheet data for Happy Forgings Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 19.00 Cr..
- For Reserves, as of Sep 2025, the value is 1,941.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,831.00 Cr. (Mar 2025) to 1,941.00 Cr., marking an increase of 110.00 Cr..
- For Borrowings, as of Sep 2025, the value is 193.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 227.00 Cr. (Mar 2025) to 193.00 Cr., marking a decrease of 34.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 149.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 138.00 Cr. (Mar 2025) to 149.00 Cr., marking an increase of 11.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 2,301.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,215.00 Cr. (Mar 2025) to 2,301.00 Cr., marking an increase of 86.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 951.00 Cr.. The value appears strong and on an upward trend. It has increased from 907.00 Cr. (Mar 2025) to 951.00 Cr., marking an increase of 44.00 Cr..
- For CWIP, as of Sep 2025, the value is 226.00 Cr.. The value appears strong and on an upward trend. It has increased from 123.00 Cr. (Mar 2025) to 226.00 Cr., marking an increase of 103.00 Cr..
- For Investments, as of Sep 2025, the value is 86.00 Cr.. The value appears strong and on an upward trend. It has increased from 80.00 Cr. (Mar 2025) to 86.00 Cr., marking an increase of 6.00 Cr..
- For Other Assets, as of Sep 2025, the value is 1,038.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,105.00 Cr. (Mar 2025) to 1,038.00 Cr., marking a decrease of 67.00 Cr..
- For Total Assets, as of Sep 2025, the value is 2,301.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,215.00 Cr. (Mar 2025) to 2,301.00 Cr., marking an increase of 86.00 Cr..
Notably, the Reserves (1,941.00 Cr.) exceed the Borrowings (193.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -164.00 | 49.00 | 37.00 | 9.00 | -9.00 | 122.00 | 245.00 | 180.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 82 | 90 | 103 | 94 | 94 | 96 | 110 |
| Inventory Days | 111 | 106 | 111 | 176 | 173 | 112 | 137 | 143 |
| Days Payable | 48 | 30 | 53 | 55 | 42 | 32 | 34 | 28 |
| Cash Conversion Cycle | 177 | 158 | 148 | 225 | 226 | 175 | 199 | 226 |
| Working Capital Days | 123 | 106 | 60 | 82 | 76 | 71 | 102 | 98 |
| ROCE % | 32% | 19% | 18% | 22% | 26% | 23% | 19% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Small Cap Fund | 3,700,000 | 1.02 | 377.81 | N/A | N/A | N/A |
| Kotak Small Cap Fund | 1,597,648 | 0.91 | 163.14 | N/A | N/A | N/A |
| DSP Small Cap Fund | 711,692 | 0.43 | 72.67 | 700,000 | 2025-10-30 08:13:44 | 1.67% |
| Aditya Birla Sun Life Flexi Cap Fund | 424,215 | 0.18 | 43.32 | 333,286 | 2025-05-09 10:15:53 | 27.28% |
| Nippon India Flexi Cap Fund | 397,477 | 0.42 | 40.59 | N/A | N/A | N/A |
| Sundaram Focused Fund | 393,192 | 3.66 | 40.15 | N/A | N/A | N/A |
| HSBC Small Cap Fund | 385,125 | 0.24 | 39.33 | N/A | N/A | N/A |
| Kotak Business Cycle Fund | 291,700 | 0.97 | 29.79 | 293,176 | 2025-10-30 08:13:44 | -0.5% |
| Axis Small Cap Fund | 275,287 | 0.1 | 28.11 | 275,287 | 2025-04-22 17:25:11 | 0% |
| Kotak Pioneer Fund | 243,857 | 0.76 | 24.9 | N/A | N/A | N/A |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 |
|---|---|---|---|---|
| FaceValue | 2.00 | 2.00 | 2.00 | 2.00 |
| Basic EPS (Rs.) | 28.39 | 26.78 | 23.32 | 15.90 |
| Diluted EPS (Rs.) | 28.37 | 26.75 | 23.32 | 15.90 |
| Cash EPS (Rs.) | 36.55 | 32.66 | 29.37 | 20.11 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 196.25 | 171.17 | 110.43 | 88.00 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 196.25 | 171.17 | 110.43 | 88.00 |
| Revenue From Operations / Share (Rs.) | 149.50 | 144.18 | 133.69 | 96.09 |
| PBDIT / Share (Rs.) | 47.13 | 42.56 | 38.74 | 26.47 |
| PBIT / Share (Rs.) | 38.95 | 35.68 | 32.68 | 22.26 |
| PBT / Share (Rs.) | 38.15 | 34.43 | 31.29 | 21.46 |
| Net Profit / Share (Rs.) | 28.38 | 25.79 | 23.32 | 15.90 |
| NP After MI And SOA / Share (Rs.) | 28.38 | 25.79 | 23.32 | 15.90 |
| PBDIT Margin (%) | 31.52 | 29.51 | 28.97 | 27.55 |
| PBIT Margin (%) | 26.05 | 24.75 | 24.44 | 23.16 |
| PBT Margin (%) | 25.52 | 23.88 | 23.40 | 22.32 |
| Net Profit Margin (%) | 18.98 | 17.88 | 17.44 | 16.54 |
| NP After MI And SOA Margin (%) | 18.98 | 17.88 | 17.44 | 16.54 |
| Return on Networth / Equity (%) | 14.45 | 15.06 | 21.11 | 18.06 |
| Return on Capital Employeed (%) | 19.43 | 20.44 | 27.34 | 22.51 |
| Return On Assets (%) | 12.07 | 12.88 | 15.73 | 12.59 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.05 | 0.09 |
| Total Debt / Equity (X) | 0.12 | 0.08 | 0.22 | 0.30 |
| Asset Turnover Ratio (%) | 0.68 | 0.84 | 0.97 | 0.00 |
| Current Ratio (X) | 2.81 | 3.07 | 1.91 | 1.74 |
| Quick Ratio (X) | 2.10 | 2.14 | 1.25 | 0.98 |
| Inventory Turnover Ratio (X) | 6.17 | 6.90 | 3.10 | 0.00 |
| Dividend Payout Ratio (NP) (%) | 14.09 | 4.78 | 0.00 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 10.93 | 3.78 | 0.00 | 0.00 |
| Earning Retention Ratio (%) | 85.91 | 95.22 | 0.00 | 0.00 |
| Cash Earning Retention Ratio (%) | 89.07 | 96.22 | 0.00 | 0.00 |
| Interest Coverage Ratio (X) | 58.96 | 34.04 | 27.79 | 33.10 |
| Interest Coverage Ratio (Post Tax) (X) | 36.50 | 21.63 | 17.73 | 20.87 |
| Enterprise Value (Cr.) | 7495.55 | 8392.35 | 0.00 | 0.00 |
| EV / Net Operating Revenue (X) | 5.32 | 6.18 | 0.00 | 0.00 |
| EV / EBITDA (X) | 16.88 | 20.93 | 0.00 | 0.00 |
| MarketCap / Net Operating Revenue (X) | 5.26 | 6.16 | 0.00 | 0.00 |
| Retention Ratios (%) | 85.90 | 95.21 | 0.00 | 0.00 |
| Price / BV (X) | 4.00 | 5.19 | 0.00 | 0.00 |
| Price / Net Operating Revenue (X) | 5.26 | 6.16 | 0.00 | 0.00 |
| EarningsYield | 0.03 | 0.02 | 0.00 | 0.00 |
After reviewing the key financial ratios for Happy Forgings Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 28.39. This value is within the healthy range. It has increased from 26.78 (Mar 24) to 28.39, marking an increase of 1.61.
- For Diluted EPS (Rs.), as of Mar 25, the value is 28.37. This value is within the healthy range. It has increased from 26.75 (Mar 24) to 28.37, marking an increase of 1.62.
- For Cash EPS (Rs.), as of Mar 25, the value is 36.55. This value is within the healthy range. It has increased from 32.66 (Mar 24) to 36.55, marking an increase of 3.89.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.25. It has increased from 171.17 (Mar 24) to 196.25, marking an increase of 25.08.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 196.25. It has increased from 171.17 (Mar 24) to 196.25, marking an increase of 25.08.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 149.50. It has increased from 144.18 (Mar 24) to 149.50, marking an increase of 5.32.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 47.13. This value is within the healthy range. It has increased from 42.56 (Mar 24) to 47.13, marking an increase of 4.57.
- For PBIT / Share (Rs.), as of Mar 25, the value is 38.95. This value is within the healthy range. It has increased from 35.68 (Mar 24) to 38.95, marking an increase of 3.27.
- For PBT / Share (Rs.), as of Mar 25, the value is 38.15. This value is within the healthy range. It has increased from 34.43 (Mar 24) to 38.15, marking an increase of 3.72.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 28.38. This value is within the healthy range. It has increased from 25.79 (Mar 24) to 28.38, marking an increase of 2.59.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 28.38. This value is within the healthy range. It has increased from 25.79 (Mar 24) to 28.38, marking an increase of 2.59.
- For PBDIT Margin (%), as of Mar 25, the value is 31.52. This value is within the healthy range. It has increased from 29.51 (Mar 24) to 31.52, marking an increase of 2.01.
- For PBIT Margin (%), as of Mar 25, the value is 26.05. This value exceeds the healthy maximum of 20. It has increased from 24.75 (Mar 24) to 26.05, marking an increase of 1.30.
- For PBT Margin (%), as of Mar 25, the value is 25.52. This value is within the healthy range. It has increased from 23.88 (Mar 24) to 25.52, marking an increase of 1.64.
- For Net Profit Margin (%), as of Mar 25, the value is 18.98. This value exceeds the healthy maximum of 10. It has increased from 17.88 (Mar 24) to 18.98, marking an increase of 1.10.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 18.98. This value is within the healthy range. It has increased from 17.88 (Mar 24) to 18.98, marking an increase of 1.10.
- For Return on Networth / Equity (%), as of Mar 25, the value is 14.45. This value is below the healthy minimum of 15. It has decreased from 15.06 (Mar 24) to 14.45, marking a decrease of 0.61.
- For Return on Capital Employeed (%), as of Mar 25, the value is 19.43. This value is within the healthy range. It has decreased from 20.44 (Mar 24) to 19.43, marking a decrease of 1.01.
- For Return On Assets (%), as of Mar 25, the value is 12.07. This value is within the healthy range. It has decreased from 12.88 (Mar 24) to 12.07, marking a decrease of 0.81.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.12. This value is within the healthy range. It has increased from 0.08 (Mar 24) to 0.12, marking an increase of 0.04.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.68. It has decreased from 0.84 (Mar 24) to 0.68, marking a decrease of 0.16.
- For Current Ratio (X), as of Mar 25, the value is 2.81. This value is within the healthy range. It has decreased from 3.07 (Mar 24) to 2.81, marking a decrease of 0.26.
- For Quick Ratio (X), as of Mar 25, the value is 2.10. This value exceeds the healthy maximum of 2. It has decreased from 2.14 (Mar 24) to 2.10, marking a decrease of 0.04.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.17. This value is within the healthy range. It has decreased from 6.90 (Mar 24) to 6.17, marking a decrease of 0.73.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 14.09. This value is below the healthy minimum of 20. It has increased from 4.78 (Mar 24) to 14.09, marking an increase of 9.31.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 10.93. This value is below the healthy minimum of 20. It has increased from 3.78 (Mar 24) to 10.93, marking an increase of 7.15.
- For Earning Retention Ratio (%), as of Mar 25, the value is 85.91. This value exceeds the healthy maximum of 70. It has decreased from 95.22 (Mar 24) to 85.91, marking a decrease of 9.31.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 89.07. This value exceeds the healthy maximum of 70. It has decreased from 96.22 (Mar 24) to 89.07, marking a decrease of 7.15.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 58.96. This value is within the healthy range. It has increased from 34.04 (Mar 24) to 58.96, marking an increase of 24.92.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 36.50. This value is within the healthy range. It has increased from 21.63 (Mar 24) to 36.50, marking an increase of 14.87.
- For Enterprise Value (Cr.), as of Mar 25, the value is 7,495.55. It has decreased from 8,392.35 (Mar 24) to 7,495.55, marking a decrease of 896.80.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 5.32. This value exceeds the healthy maximum of 3. It has decreased from 6.18 (Mar 24) to 5.32, marking a decrease of 0.86.
- For EV / EBITDA (X), as of Mar 25, the value is 16.88. This value exceeds the healthy maximum of 15. It has decreased from 20.93 (Mar 24) to 16.88, marking a decrease of 4.05.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.26. This value exceeds the healthy maximum of 3. It has decreased from 6.16 (Mar 24) to 5.26, marking a decrease of 0.90.
- For Retention Ratios (%), as of Mar 25, the value is 85.90. This value exceeds the healthy maximum of 70. It has decreased from 95.21 (Mar 24) to 85.90, marking a decrease of 9.31.
- For Price / BV (X), as of Mar 25, the value is 4.00. This value exceeds the healthy maximum of 3. It has decreased from 5.19 (Mar 24) to 4.00, marking a decrease of 1.19.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.26. This value exceeds the healthy maximum of 3. It has decreased from 6.16 (Mar 24) to 5.26, marking a decrease of 0.90.
- For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Happy Forgings Ltd:
- Net Profit Margin: 18.98%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 19.43% (Industry Average ROCE: 10.05%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 14.45% (Industry Average ROE: 10%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 36.5
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.1
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 35.4 (Industry average Stock P/E: 57.63)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.12
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 18.98%
FAQ
What is the intrinsic value of Happy Forgings Ltd?
Happy Forgings Ltd's intrinsic value (as of 08 December 2025) is 915.78 which is 9.60% lower the current market price of 1,013.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 9,604 Cr. market cap, FY2025-2026 high/low of 1,135/716, reserves of ₹1,941 Cr, and liabilities of 2,301 Cr.
What is the Market Cap of Happy Forgings Ltd?
The Market Cap of Happy Forgings Ltd is 9,604 Cr..
What is the current Stock Price of Happy Forgings Ltd as on 08 December 2025?
The current stock price of Happy Forgings Ltd as on 08 December 2025 is 1,013.
What is the High / Low of Happy Forgings Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Happy Forgings Ltd stocks is 1,135/716.
What is the Stock P/E of Happy Forgings Ltd?
The Stock P/E of Happy Forgings Ltd is 35.4.
What is the Book Value of Happy Forgings Ltd?
The Book Value of Happy Forgings Ltd is 208.
What is the Dividend Yield of Happy Forgings Ltd?
The Dividend Yield of Happy Forgings Ltd is 0.30 %.
What is the ROCE of Happy Forgings Ltd?
The ROCE of Happy Forgings Ltd is 19.2 %.
What is the ROE of Happy Forgings Ltd?
The ROE of Happy Forgings Ltd is 15.5 %.
What is the Face Value of Happy Forgings Ltd?
The Face Value of Happy Forgings Ltd is 2.00.