Share Price and Basic Stock Data
Last Updated: January 31, 2026, 10:36 pm
| PEG Ratio | 2.93 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Happy Forgings Ltd operates within the forging industry, demonstrating notable growth in its revenue streams. For the fiscal year ending March 2023, the company reported sales of ₹1,197 Cr, a substantial increase from ₹860 Cr in FY 2022. This upward trend continued into FY 2024, where sales rose further to ₹1,358 Cr, and for FY 2025, the figure stood at ₹1,409 Cr. The trailing twelve months (TTM) sales reached ₹1,437 Cr. Quarterly sales data for FY 2024 indicated a consistent increase, peaking at ₹361 Cr in September 2024, followed by ₹354 Cr in December 2024. This reflects a robust demand for the company’s products, aligning well with the overall industrial growth in India. The company’s operational efficiency is also commendable, evident from the steady increase in operating profit margins, which stood at 29% in FY 2025, compared to 28% in FY 2024. Overall, Happy Forgings Ltd appears well-positioned to capture further market share, supported by its historical growth trajectory.
Profitability and Efficiency Metrics
The profitability metrics of Happy Forgings Ltd illustrate its effective cost management and operational efficiency. The company reported a net profit of ₹268 Cr for FY 2025, an increase from ₹243 Cr in FY 2024 and ₹209 Cr in FY 2023. This consistent growth in net profit is complemented by a net profit margin of 18.98% for FY 2025, up from 17.88% in FY 2024. The operating profit margin (OPM) also reflects strong performance, recorded at 31% in the most recent quarter of September 2025. The interest coverage ratio (ICR) stood at an impressive 58.96x, indicating that the company can comfortably meet its interest obligations. However, the cash conversion cycle (CCC) has been a concern, recorded at 226 days in FY 2025, suggesting potential inefficiencies in working capital management. In contrast, the return on equity (ROE) was reported at 15.5%, while the return on capital employed (ROCE) was at 19.2%, both indicating effective utilization of shareholder capital.
Balance Sheet Strength and Financial Ratios
Happy Forgings Ltd’s balance sheet demonstrates a solid financial foundation, with total assets amounting to ₹2,215 Cr as of March 2025. The company maintains a conservative debt profile, with total borrowings recorded at ₹193 Cr, leading to a total debt-to-equity ratio of 0.12. This low leverage suggests that the company is less reliant on debt for financing, which is a positive indicator for investors. Reserves have significantly increased to ₹1,941 Cr, showcasing the company’s ability to reinvest profits and strengthen its equity base. The price-to-book value (P/BV) ratio stood at 4.00x, indicating a premium valuation relative to its book value. Additionally, the current ratio of 2.81x and quick ratio of 2.10x highlight a strong liquidity position, ensuring the company can meet its short-term obligations. Overall, the balance sheet reflects a well-capitalized company with prudent financial management.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Happy Forgings Ltd indicates a strong promoter backing with 78.50% ownership as of December 2025. This substantial stake underscores the commitment of the founding family to the company’s long-term vision. Institutional investors hold a modest presence, with foreign institutional investors (FIIs) at 1.84% and domestic institutional investors (DIIs) at 16.73%. The presence of DIIs suggests a level of confidence from institutional investors in the company’s growth prospects. However, the public shareholding has been low, recorded at 2.94%, indicating a concentrated ownership structure, which could pose risks regarding liquidity in the stock. The number of shareholders has decreased to 61,484, which may suggest a consolidation of investments or a lack of interest from new retail investors. This concentration could lead to volatility if significant shareholders decide to liquidate their positions.
Outlook, Risks, and Final Insight
Looking ahead, Happy Forgings Ltd is positioned for potential growth, driven by its robust operational metrics and solid financial foundation. However, challenges remain, particularly in managing its cash conversion cycle, which could impact liquidity and operational efficiency. The company’s consistent revenue and profit growth trends are promising, yet the reliance on a concentrated shareholder base may introduce volatility and limit market participation. If the company can address its working capital management issues and attract broader investor interest, it could enhance its market position. Conversely, any downturn in demand in the forging industry or broader economic challenges could pose risks to its growth trajectory. Overall, while the fundamentals are strong, investors should remain vigilant about market dynamics and the company’s ability to sustain its growth momentum in a competitive landscape.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Happy Forgings Ltd | 10,035 Cr. | 1,064 | 1,194/716 | 37.0 | 208 | 0.28 % | 19.2 % | 15.5 % | 2.00 |
| EL Forge Ltd | 33.7 Cr. | 16.6 | 29.0/12.8 | 18.7 | 12.5 | 0.00 % | 11.2 % | 9.14 % | 10.0 |
| CIE Automotive India Ltd | 15,865 Cr. | 418 | 487/357 | 19.8 | 183 | 1.67 % | 16.6 % | 13.2 % | 10.0 |
| Amic Forging Ltd | 1,383 Cr. | 1,286 | 1,750/850 | 54.9 | 139 | 0.00 % | 27.9 % | 21.8 % | 10.0 |
| Amforge Industries Ltd | 10.1 Cr. | 7.02 | 10.9/6.05 | 24.6 | 9.20 | 0.00 % | 6.53 % | 3.72 % | 2.00 |
| Industry Average | 10,833.60 Cr | 396.49 | 77.26 | 154.81 | 0.30% | 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 294 | 302 | 330 | 343 | 342 | 343 | 341 | 361 | 354 | 352 | 354 | 377 |
| Expenses | 221 | 217 | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 | 262 |
| Operating Profit | 73 | 86 | 100 | 94 | 95 | 97 | 98 | 105 | 101 | 102 | 101 | 116 |
| OPM % | 25% | 28% | 30% | 27% | 28% | 28% | 29% | 29% | 29% | 29% | 29% | 31% |
| Other Income | 2 | 2 | 3 | 1 | 3 | 7 | 8 | 13 | 7 | 10 | 10 | 6 |
| Interest | 3 | 5 | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 16 | 14 | 15 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 | 22 |
| Profit before tax | 56 | 68 | 85 | 74 | 78 | 87 | 86 | 97 | 87 | 90 | 89 | 99 |
| Tax % | 26% | 25% | 25% | 25% | 25% | 25% | 26% | 27% | 26% | 24% | 26% | 26% |
| Net Profit | 42 | 51 | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 | 73 |
| 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 | 7.79 |
Last Updated: January 7, 2026, 1:36 am
Below is a detailed analysis of the quarterly data for Happy Forgings Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 377.00 Cr.. The value appears strong and on an upward trend. It has increased from 354.00 Cr. (Jun 2025) to 377.00 Cr., marking an increase of 23.00 Cr..
- For Expenses, as of Sep 2025, the value is 262.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 253.00 Cr. (Jun 2025) to 262.00 Cr., marking an increase of 9.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 116.00 Cr.. The value appears strong and on an upward trend. It has increased from 101.00 Cr. (Jun 2025) to 116.00 Cr., marking an increase of 15.00 Cr..
- For OPM %, as of Sep 2025, the value is 31.00%. The value appears strong and on an upward trend. It has increased from 29.00% (Jun 2025) to 31.00%, marking an increase of 2.00%.
- For Other Income, as of Sep 2025, the value is 6.00 Cr.. The value appears to be declining and may need further review. It has decreased from 10.00 Cr. (Jun 2025) to 6.00 Cr., marking a decrease of 4.00 Cr..
- For Interest, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
- For Depreciation, as of Sep 2025, the value is 22.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 21.00 Cr. (Jun 2025) to 22.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 99.00 Cr.. The value appears strong and on an upward trend. It has increased from 89.00 Cr. (Jun 2025) to 99.00 Cr., marking an increase of 10.00 Cr..
- For Tax %, as of Sep 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 26.00%.
- For Net Profit, as of Sep 2025, the value is 73.00 Cr.. The value appears strong and on an upward trend. It has increased from 66.00 Cr. (Jun 2025) to 73.00 Cr., marking an increase of 7.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 7.79. The value appears strong and on an upward trend. It has increased from 6.97 (Jun 2025) to 7.79, marking an increase of 0.82.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 3:35 am
| 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 | 1,437 |
| Expenses | 413 | 545 | 416 | 426 | 629 | 856 | 971 | 1,002 | 1,017 |
| Operating Profit | 137 | 205 | 142 | 159 | 231 | 341 | 388 | 407 | 421 |
| OPM % | 25% | 27% | 26% | 27% | 27% | 28% | 29% | 29% | 29% |
| Other Income | 4 | 1 | 7 | 6 | 6 | 6 | 13 | 37 | 33 |
| Interest | 22 | 23 | 25 | 12 | 7 | 12 | 12 | 8 | 9 |
| Depreciation | 23 | 29 | 28 | 36 | 38 | 54 | 65 | 77 | 81 |
| Profit before tax | 96 | 155 | 96 | 117 | 192 | 280 | 324 | 360 | 364 |
| Tax % | 39% | 38% | 17% | 26% | 26% | 25% | 25% | 26% | |
| Net Profit | 58 | 95 | 80 | 86 | 142 | 209 | 243 | 268 | 271 |
| EPS in Rs | 738.38 | 1,066.26 | 893.18 | 965.92 | 15.90 | 23.32 | 25.79 | 28.39 | 28.80 |
| 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
| Month | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
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 | 1.17 | 425.17 | N/A | N/A | N/A |
| SBI Automotive Opportunities Fund | 1,600,000 | 3.42 | 183.86 | 1,400,000 | 2025-10-30 08:13:44 | 14.29% |
| Kotak Small Cap Fund | 1,597,648 | 1.06 | 183.59 | N/A | N/A | N/A |
| DSP Small Cap Fund | 711,692 | 0.48 | 81.78 | 700,000 | 2025-10-30 08:13:44 | 1.67% |
| Aditya Birla Sun Life Flexi Cap Fund | 424,215 | 0.19 | 48.75 | 333,286 | 2025-05-09 10:15:53 | 27.28% |
| Nippon India Flexi Cap Fund | 397,477 | 0.48 | 45.67 | N/A | N/A | N/A |
| Sundaram Focused Fund | 393,192 | 4.1 | 45.18 | N/A | N/A | N/A |
| HSBC Small Cap Fund | 385,125 | 0.28 | 44.25 | N/A | N/A | N/A |
| Kotak Business Cycle Fund | 291,700 | 1.08 | 33.52 | 293,176 | 2025-10-30 08:13:44 | -0.5% |
| Axis Small Cap Fund | 275,287 | 0.12 | 31.63 | 275,287 | 2025-04-22 17:25:11 | 0% |
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: 10.77%)
- 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: 10.71%)
- 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: 37 (Industry average Stock P/E: 77.26)
- 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%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Forgings | B-XXIX, 2254/1, Kanganwal Road, Ludhiana Punjab 141120 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Paritosh Kumar | Chairman & Managing Director |
| Mr. Ashish Garg | Managing Director |
| Ms. Megha Garg | Whole Time Director |
| Mr. Ravindra Pisharody | Independent Director |
| Ms. Rajeswari Karthigeyan | Independent Director |
| Mr. Atul Behari Lall | Independent Director |
FAQ
What is the intrinsic value of Happy Forgings Ltd?
Happy Forgings Ltd's intrinsic value (as of 01 February 2026) is ₹1077.71 which is 1.29% higher the current market price of ₹1,064.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹10,035 Cr. market cap, FY2025-2026 high/low of ₹1,194/716, 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 10,035 Cr..
What is the current Stock Price of Happy Forgings Ltd as on 01 February 2026?
The current stock price of Happy Forgings Ltd as on 01 February 2026 is ₹1,064.
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 ₹1,194/716.
What is the Stock P/E of Happy Forgings Ltd?
The Stock P/E of Happy Forgings Ltd is 37.0.
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 0.28 %.
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.