HAPPYFORGE · NSE
Happy Forgings Limited
₹2,148.3
+0.24% (+₹5.1)
Prev. close
₹2,143.2
Volume
61,172
Delivery %
56.3%
As of
18 Sept 2026
Price history
No analyst calls on this stock in the last 90 days yet.
Explore by date range →Analyst opinions
Fundamentals
About Happy Forgings Limited
Happy Forgings Limited manufactures and sells forgings and machined components for the automotive and industrial sectors in India and internationally. The company offers crankshafts; differential cases; front axle beams and steering knuckles; railway parts, including camshafts, connecting rods, piston pins, spacers, and others; brake flanges and suspension brackets; and transmission parts, such as shafts and spindles, crown wheels and pinions, and rings. It also offers windmill application products, including planet carrier, pinion shaft, and housing; oil and gas components, such as valve body; and bicycle pedals. It serves the original equipment manufacturers, manufacturers of commercial and passenger vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, power generation, railways, and wind turbine industries. Happy Forgings Limited was incorporated in 1979 and is based in Ludhiana, India.
Details
Sector
Industrials
Industry
Metal Fabrication
CEO
Mr. Paritosh Kumar Garg
Headquarters
Ludhiana
Employees
3,512
Website
happyforgingsltd.comExchange
View on NSE ↗Key stats
Market cap
₹20,280.20 Cr
P/E ratio (TTM)
61.9
Dividend yield
0.19%
EPS (TTM)
₹34.72
Beta (1Y · daily vs NIFTY 50)
0.99
Shares float
2.03 Cr
EPS · quarter ended Jun 2026
₹9.68
Financial Performance
01 · Financials
FY22 growth needs FY21 filings, which the data source doesn't provide. EBITDA is omitted from this chart: coverage begins inside the plotted window, and every plotted period must carry a complete point set — the P&L table below has the available figures.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| — | — | ₹1,073.51 Cr | ₹1,358.24 Cr | ₹1,408.89 Cr | ₹1,546.34 Cr | |
| EBITDA | — | — | ₹346.12 Cr | ₹400.89 Cr | ₹444.15 Cr | ₹501.50 Cr |
| ₹86.00 Cr | ₹142.00 Cr | ₹208.70 Cr | ₹242.98 Cr | ₹267.44 Cr | ₹301.63 Cr | |
| Diluted EPS | — | — | ₹22.15 | ₹25.79 | ₹28.37 | ₹31.92 |
Revenue, Total expenses (as filed), Employee benefit expense, Other expenses, EBITDA, Tax provision, Interest expense, Other income, Diluted EPS have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹874.00 Cr | ₹1,130.00 Cr | ₹1,326.00 Cr | ₹1,886.00 Cr | ₹2,215.00 Cr | ₹2,633.00 Cr | |
| — | — | ₹218.52 Cr | ₹143.31 Cr | ₹227.99 Cr | ₹329.62 Cr | |
| Stockholders' equity | ₹645.00 Cr | ₹788.00 Cr | ₹988.00 Cr | ₹1,613.00 Cr | ₹1,850.00 Cr | ₹2,128.00 Cr |
Current assets, Inventory, Trade receivables, Cash & equivalents, Non-current assets, CWIP, Others, Total debt, Long-term debt, Current (short-term) debt have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹60.00 Cr | ₹80.00 Cr | ₹209.00 Cr | ₹189.00 Cr | ₹292.00 Cr | ₹445.00 Cr | |
| Investing cash flow | — | — | ₹-172.45 Cr | ₹-469.31 Cr | ₹-320.20 Cr | ₹-496.83 Cr |
| ₹0 | ₹83.00 Cr | ₹-37.00 Cr | ₹281.00 Cr | ₹40.00 Cr | ₹65.00 Cr | |
| Capital expenditure | ₹-92.00 Cr | ₹-191.00 Cr | ₹-175.00 Cr | ₹-194.00 Cr | ₹-281.00 Cr | ₹-461.00 Cr |
| End cash position | — | — | ₹1.31 L | ₹64.27 L | ₹12.95 Cr | ₹25.72 Cr |
Investing cash flow, Dividends paid, End cash position have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Dec 23–Dec 24(6Q) | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|---|---|
| Promoter | 78.60% | 78.57% | 78.54% | 78.52% | 78.50% | 78.48% | 78.46% |
| Public | 21.40% | 21.43% | 21.46% | 21.48% | 21.50% | 21.52% | 21.54% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Happy Forgings Limited | ₹20,351.94 Cr | ₹2,143.2 | 62.2 | 9.56 | 14.2% | 0.15 | +9.8% | +120.4% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
IPO documents
Annual reports
Concall transcripts
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
8 indices
Weight is BSE’s own published index weight. Indices without weight data are listed without one, in alphabetical order after the weighted ones.
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