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Happy Forgings Ltd

Happy Forgings Ltd

HAPPYFORGE Share Price

NSE
1,564.102.85% (+43.30)
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With a market cap of ₹14,761 cr, stock is ranked 474

Stock is 2.51x as volatile as Nifty

HAPPYFORGE Stock Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹14,761 cr, stock is ranked 474

Stock is 2.51x as volatile as Nifty

HAPPYFORGE Performance & Key Metrics

HAPPYFORGE Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
48.946.940.26%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
44.176.310.64%

HAPPYFORGE Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
86%
Analysts have suggested that investors can buy this stock

from 7 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

HAPPYFORGE Company Profile

Happy Forgings Ltd manufactures high precision forged components for automotive, railway, and industrial applications, serving OEMs globally.

Investor Presentation

View older View older 

May 21, 2026

PDF
View Older Presentations

HAPPYFORGE Similar Stocks (Peers)

Compare with peers Compare with peers 

HAPPYFORGE Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
28.00
28.00
1Y Return
18.62%
18.62%
Buy Reco %
100.00
100.00
PE Ratio
62.36
62.36
1Y Return
23.89%
23.89%
Buy Reco %
100.00
100.00
PE Ratio
-55.38
-55.38
1Y Return
43.48%
43.48%
Buy Reco %
0.00
0.00
PE Ratio
29.89
29.89
1Y Return
58.19%
58.19%
Buy Reco %
0.00
0.00
PE Ratio
32.87
32.87
1Y Return
48.31%
48.31%
Buy Reco %
0.00
0.00
Compare with Peers

HAPPYFORGE Sentiment Analysis

HAPPYFORGE Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

HAPPYFORGE Stock Summary · May 2026

Strong results and profitable expansion: management reported FY'26 revenue of Rs.1,546 crore with an EBITDA margin of 30.4%, delivering the company’s highest-ever annual profitability and a Q4 revenue run-rate of Rs.424 crore with ~20% year‑on‑year sales growth. Management emphasized continued capacity-led growth—finished‑goods volumes rose ~11% for the year and accelerated in Q4—and a strategic shift to heavier, higher‑value machined components that lifted blended realizations and raised machining’s share to 89% in FY'26. They flagged a large capex program (FY'26 spend ~Rs.460 crore, FY'27 planned Rs.450–500 crore, ~Rs.800 crore over two years) to expand forging and machining capacity and commission new lines, while stressing strong cash conversion (operating cash flow ~Rs.445 crore) and liquid assets (~Rs.430 crore) to self‑fund growth. Management acknowledged near‑term pressure from input‑cost inflation—steel pass‑through lags and other cost increases—and timing risks on data‑center heavy‑forging ramps, offset in part by expected price increases of ~3.5–4% and an order book near Rs.950 crore to be executed over 2.5–3 years, with exports seen growing mid‑single digits and North America passenger‑car revenue ramping from Q2.

HAPPYFORGE Stock Growth Drivers
HAPPYFORGE Stock Growth Drivers
5
  • Transformation to higher‑value, higher‑margin product mix

    The company has executed a multi‑year transformation toward value‑added, higher‑realization products that is already lifting

  • Robust FY'26 financial performance and strong cash generation

    FY'26 delivered milestone financial results with revenue of Rs.1,546 crore, EBITDA of Rs.471 crore (EBITDA

HAPPYFORGE Stock Challenges
HAPPYFORGE Stock Challenges
6
  • Rising input and manufacturing-cost inflation threatening margins

    The company faces material cost inflation across multiple inputs that is already pressuring margins and

  • Weakness in export markets driving volume and revenue declines

    Export-facing businesses have experienced significant, realized declines that have weakened revenue and altered mix. North

HAPPYFORGE Forecast

HAPPYFORGE Forecasts

Price

Revenue

Earnings

HAPPYFORGE

HAPPYFORGE

Income

Balance Sheet

Cash Flow

HAPPYFORGE Income Statement

HAPPYFORGE Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue345.31350.54349.07374.21360.94362.00364.15383.64399.47429.89
Operating & Other expensessubtract246.81246.21243.86255.77252.87249.70252.65261.59270.91290.50
Depreciation/Amortizationsubtract17.0616.0218.0119.6619.1120.2820.5521.5522.4324.51
Interest & Other Itemssubtract3.780.861.371.572.152.452.301.892.463.81
Taxes & Other Itemssubtract19.7721.6722.0225.8622.2821.9322.9525.1724.7327.50
EPS6.467.256.777.586.857.186.977.798.378.86

HAPPYFORGE Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF

Investor Presentation

May 21PDF
Feb 9PDF
Nov 6PDF
Aug 9PDF
FY 2025FY 2025

Annual report

PDF

Investor Presentation

May 17PDF
Feb 7PDF
Nov 7PDF
Sep 20PDF
FY 2024FY 2024

Annual report

PDF
 

HAPPYFORGE Stock Peers

HAPPYFORGE Past Performance & Peer Comparison

HAPPYFORGE Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsHeavy Machinery

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Happy Forgings Ltd48.946.940.26%
Action Construction Equipment Ltd28.007.190.20%
Isgec Heavy Engineering Ltd62.362.380.65%
TIL Ltd-55.3815.35

HAPPYFORGE Stock Price Comparison

Compare HAPPYFORGE with any stock or ETF
Compare HAPPYFORGE with any stock or ETF
HAPPYFORGE
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HAPPYFORGE Holdings

HAPPYFORGE Shareholdings

HAPPYFORGE Promoter Holdings Trend

HAPPYFORGE Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

HAPPYFORGE Institutional Holdings Trend

HAPPYFORGE Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

HAPPYFORGE Shareholding Pattern

HAPPYFORGE Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding78.48%14.63%1.84%1.73%3.31%

Jun 2025

Sep 2025

Dec 2025

Mar 2026

HAPPYFORGE Shareholding History

HAPPYFORGE Shareholding History

Dec '24MarJunSepDec '25Mar2.28%2.19%2.17%2.02%1.84%1.73%

Mutual Funds Invested in HAPPYFORGE

Mutual Funds Invested in HAPPYFORGE

No mutual funds holding trends are available

Top 5 Mutual Funds holding Happy Forgings Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
4.0307%1.42%0.09%31/82 (-4)
1.6403%0.88%-0.07%61/83 (-4)
1.5466%1.24%-0.02%56/83 (+1)

Compare 3-month MF holding change on Screener

HAPPYFORGE Insider Trades & Bulk Stock Deals

HAPPYFORGE Insider Trades & Bulk Stock Deals

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smallcases containing HAPPYFORGE stock

smallcases containing HAPPYFORGE stock

Looks like this stock is not in any smallcase yet.

HAPPYFORGE Events

HAPPYFORGE Events

HAPPYFORGE Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

HAPPYFORGE Dividend Trend

No dividend trend available

HAPPYFORGE Upcoming Dividends

HAPPYFORGE Upcoming Dividends

Cash Dividend

Ex DateEx DateJul 20, 2026

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jul 20, 2026

HAPPYFORGE Past Dividends

HAPPYFORGE Past Dividends

Cash Dividend

Ex DateEx DateJul 22, 2025

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 22, 2025

Cash Dividend

Ex DateEx DateJul 22, 2024

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jul 22, 2024

HAPPYFORGE Stock News & Opinions

HAPPYFORGE Stock News & Opinions

Corporate
Corporate
Happy Forgings allots 28,273 equity shares under ESOS

Happy Forgings has allotted 28,273 equity shares under ESOS on 17 June 2026. Post allotment, the paid up equity share capital has increased to Rs. 18,87,57,468 (9,43,78,734 equity shares of Rs. 2/- each).

3 weeks agoCapital Market - Live
Corporate
Corporate
Happy Forgings to hold AGM

Happy Forgings announced that the 47th Annual General Meeting(AGM) of the company will be held on 27 July 2026.

1 month agoCapital Market - Live
Corporate
Corporate
Board of Happy Forgings recommends final dividend

Happy Forgings announced that the Board of Directors of the Company at its meeting held on 21 May 2026, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

1 month agoCapital Market - Live
Earnings
Earnings
Happy Forgings consolidated net profit rises 23.55% in the March 2026 quarter

Net profit of Happy Forgings rose 23.55% to Rs 83.56 crore in the quarter ended March 2026 as against Rs 67.63 crore during the previous quarter ended March 2025. Sales rose 20.42% to Rs 423.84 crore in the quarter ended March 2026 as against Rs 351.97 crore during the previous quarter ended March 2025. For the full year,net profit rose 12.78% to Rs 301.63 crore in the year ended March 2026 as against Rs 267.44 crore during the previous year ended March 2025. Sales rose 9.76% to Rs 1546.34 crore in the year ended March 2026 as against Rs 1408.89 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales423.84351.97 20 1546.341408.89 10 OPM %31.4629.06 -30.4428.87 - PBDT135.57109.85 23 491.03436.61 12 PBT111.0789.56 24 401.98359.55 12 NP83.5667.63 24 301.63267.44 13 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Corporate
Happy Forgings fixes record date for final dividend

Happy Forgings has fixed 20 July 2026 as record date for ascertaining the shareholders who will be entitled to receive the final dividend.

1 month agoCapital Market - Live
Corporate
Corporate
Happy Forgings board approves to enhance capacity of solar project

The board of Happy Forgings at its meeting held on 21 May 2026 has approved to enhance the capacity of solar power project from 25 MW AC to 35 MW AC. Consequently, the overall proposed investment in the project has also been revised from Rs 120 crore to up to Rs 170 crore.

1 month agoCapital Market - Live
Corporate
Corporate
Happy Forgings to declare Quarterly Results

Happy Forgings will hold a meeting of the Board of Directors of the Company on 21 May 2026.

2 months agoCapital Market - Live
Earnings
Earnings
Happy Forgings consolidated net profit rises 22.29% in the December 2025 quarter

Net profit of Happy Forgings rose 22.29% to Rs 78.94 crore in the quarter ended December 2025 as against Rs 64.55 crore during the previous quarter ended December 2024. Sales rose 10.44% to Rs 391.31 crore in the quarter ended December 2025 as against Rs 354.32 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales391.31354.32 10 OPM %30.7728.64 - PBDT126.10105.93 19 PBT103.6786.82 19 NP78.9464.55 22 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Corporate
Happy Forgings to hold board meeting

Happy Forgings will hold a meeting of the Board of Directors of the Company on 9 February 2026.Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Corporate
Happy Forgings allots 23,651 equity shares under ESOS

Happy Forgings has allotted 23,651 equity shares under ESOS on 02 December 2025. With this allotment, the paid up equity share capital has increased to Rs. 18,86,55,842 (9,43,27,921 equity shares of Rs. 2/- each). Powered by Capital Market - Live

7 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Happy Forgings Ltd (HAPPYFORGE) today?

    The share price of HAPPYFORGE as on 9th July 2026 is ₹1564.10. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Happy Forgings Ltd (HAPPYFORGE) share?

    The past returns of Happy Forgings Ltd (HAPPYFORGE) share are
    • Past 1 week: 2.36%
    • Past 1 month: 16.29%
    • Past 3 months: 23.10%
    • Past 6 months: 40.20%
    • Past 1 year: 67.09%
    • Past 3 years: N/A%
    • Past 5 years: 51.74%

  3. What are the peers or stocks similar to Happy Forgings Ltd (HAPPYFORGE)?
  4. What is the dividend yield % of Happy Forgings Ltd (HAPPYFORGE) share?

    The current dividend yield of Happy Forgings Ltd (HAPPYFORGE) is 0.26.

  5. What is the market cap of Happy Forgings Ltd (HAPPYFORGE) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Happy Forgings Ltd (HAPPYFORGE) is ₹14761.78 Cr as of 9th July 2026.

  6. What is the 52 week high and low of Happy Forgings Ltd (HAPPYFORGE) share?

    The 52-week high of Happy Forgings Ltd (HAPPYFORGE) is ₹1590.40 and the 52-week low is ₹862.05.

  7. What is the PE and PB ratio of Happy Forgings Ltd (HAPPYFORGE) stock?

    The P/E (price-to-earnings) ratio of Happy Forgings Ltd (HAPPYFORGE) is 48.94. The P/B (price-to-book) ratio is 6.94.

  8. Which sector does Happy Forgings Ltd (HAPPYFORGE) belong to?

    Happy Forgings Ltd (HAPPYFORGE) belongs to the Industrials sector & Heavy Machinery sub-sector.

  9. How to buy Happy Forgings Ltd (HAPPYFORGE) shares?

    You can directly buy Happy Forgings Ltd (HAPPYFORGE) shares on Tickertape. Simply sign up, connect your demat account and place your order.