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Happy Forgings Ltd

HAPPYFORGE Share Price

1,034.400.79% (-8.20)
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With a market cap of ₹9,834 cr, stock is ranked 563

Stock is 2.21x 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

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

With a market cap of ₹9,834 cr, stock is ranked 563

Stock is 2.21x as volatile as Nifty

HAPPYFORGE Performance & Key Metrics

HAPPYFORGE Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.255.320.29%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.246.100.64%

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 

Nov 6, 2025

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
28.41
28.41
1Y Return
27.21%
27.21%
Buy Reco %
100.00
100.00
PE Ratio
23.57
23.57
1Y Return
45.52%
45.52%
Buy Reco %
100.00
100.00
PE Ratio
637.61
637.61
1Y Return
12.17%
12.17%
Buy Reco %
0.00
0.00
PE Ratio
29.49
29.49
1Y Return
17.91%
17.91%
Buy Reco %
0.00
0.00
PE Ratio
273.77
273.77
1Y Return
327.70%
327.70%
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 · November 2025

The company demonstrated resilience with a 4.5% year-on-year revenue growth, driven by strong domestic demand in sectors like commercial vehicles, despite facing export challenges due to softening steel prices and global market uncertainties. A robust cash liquidity position of INR 315 crores and healthy return ratios reflect its financial strength, enabling strategic investments and acquisitions aimed at enhancing specialized operations. While the export market, particularly in the U.S. and Europe, has seen significant declines, there is cautious optimism for recovery, especially in the passenger vehicle segment, supported by planned capital expenditures of INR 650 crores. The focus on diversifying into higher value-added applications and exploring inorganic growth opportunities positions the company for sustainable long-term growth amidst ongoing market dynamics.

HAPPYFORGE Stock Growth Drivers
HAPPYFORGE Stock Growth Drivers
7
  • Strong Financial Performance

    Happy Forgings Limited reported robust financial results for Q2 and H1 FY26, achieving revenue from

  • High Margins and Operational Efficiency

    The company achieved its highest quarterly gross margin of approximately 60% and an EBITDA margin

HAPPYFORGE Stock Challenges
HAPPYFORGE Stock Challenges
6
  • Decline in Export Performance

    The company has experienced a significant decline in export revenues, particularly in the commercial vehicles

  • Softness in Domestic and Global Markets

    Both domestic and global markets have shown signs of weakness, particularly in developed regions such

HAPPYFORGE Forecast

HAPPYFORGE Forecasts

Price

Revenue

Earnings

HAPPYFORGE

HAPPYFORGE

Income

Balance Sheet

Cash Flow

HAPPYFORGE Income Statement

HAPPYFORGE Income Statement

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Financial YearFY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue590.82866.111,202.281,371.591,446.341,470.73
Raw Materialssubtract257.26435.85547.72629.73602.781,016.81
Power & Fuel Costsubtract46.2667.6575.7692.3699.10
Employee Costsubtract49.0068.6887.78114.46124.82
Selling & Administrative Expensessubtract3.3825.1434.5841.7742.20
Operating & Other expensessubtract70.3231.84109.7492.37133.30
Depreciation/Amortizationsubtract35.7637.7454.1864.7377.0681.49
Interest & Other Itemssubtract11.787.1612.4811.787.538.79
Taxes & Other Itemssubtract30.6149.7671.3381.4192.1292.33
EPS9.6615.9023.3226.4528.3828.79
DPS0.000.001.304.003.003.00
Payout ratio0.000.000.060.150.110.10

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 Pending

Investor Presentation

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 Ltd36.775.320.29%
Action Construction Equipment Ltd28.417.190.20%
Isgec Heavy Engineering Ltd23.572.060.63%
TIL Ltd637.6122.14

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 Holding78.52%11.68%5.34%2.02%2.45%

Dec 2024

Mar 2025

Jun 2025

Sep 2025

HAPPYFORGE Shareholding History

HAPPYFORGE Shareholding History

JunSepDec '24MarJunSep2.24%2.28%2.28%2.19%2.17%2.02%

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)
3.8416%1.02%0.04%41/70 (+1)
1.6588%0.91%0.06%71/85 (-4)
0.7389%0.43%0.04%72/85 (-3)

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

No upcoming dividends are available

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
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

2 days agoCapital Market - Live
Earnings
Happy Forgings consolidated net profit rises 2.90% in the September 2025 quarter

Net profit of Happy Forgings rose 2.90% to Rs 73.44 crore in the quarter ended September 2025 as against Rs 71.37 crore during the previous quarter ended September 2024. Sales rose 4.50% to Rs 377.39 crore in the quarter ended September 2025 as against Rs 361.13 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales377.39361.13 5 OPM %30.6829.18 - PBDT120.16116.88 3 PBT98.6097.22 1 NP73.4471.37 3 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Happy Forgings schedules board meeting

Happy Forgings will hold a meeting of the Board of Directors of the Company on 6 November 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Happy Forgings allots 18,259 equity shares under ESOS

Happy Forgings has allotted 18,259 equity shares under ESOS on 10 September 2025. The Paid-up Share Capital of the Company will accordingly increase from Rs. 18,85,72,022 (9,42,86,011 equity shares of Rs. 2/- each) to 18,86,08,540 (9,43,04,270 equity shares of Rs. 2/- each).Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Happy Forgings consolidated net profit rises 2.96% in the June 2025 quarter

Net profit of Happy Forgings rose 2.96% to Rs 65.69 crore in the quarter ended June 2025 as against Rs 63.80 crore during the previous quarter ended June 2024. Sales rose 3.61% to Rs 353.80 crore in the quarter ended June 2025 as against Rs 341.47 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales353.80341.47 4 OPM %28.5928.58 - PBDT109.20103.84 5 PBT88.6485.82 3 NP65.6963.80 3 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Happy Forgings to conduct board meeting

Happy Forgings will hold a meeting of the Board of Directors of the Company on 9 August 2025.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Happy Forgings fixes record date for final dividend

Happy Forgings has fixed 22 July 2025 as record date for payment of final dividend of Rs 3 per equity share of Rs 2 each for FY 2024-25. Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Happy Forgings AGM scheduled

Happy Forgings announced that the 46th Annual General Meeting(AGM) of the company will be held on 29 July 2025.Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
Happy Forgings consolidated net profit rises 2.81% in the March 2025 quarter

Net profit of Happy Forgings rose 2.81% to Rs 67.63 crore in the quarter ended March 2025 as against Rs 65.78 crore during the previous quarter ended March 2024. Sales rose 2.51% to Rs 351.97 crore in the quarter ended March 2025 as against Rs 343.34 crore during the previous quarter ended March 2024. For the full year,net profit rose 10.07% to Rs 267.44 crore in the year ended March 2025 as against Rs 242.98 crore during the previous year ended March 2024. Sales rose 3.73% to Rs 1408.89 crore in the year ended March 2025 as against Rs 1358.24 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales351.97343.34 3 1408.891358.24 4 OPM %29.0628.29 -28.8728.53 - PBDT109.85103.47 6 436.61389.12 12 PBT89.5687.46 2 359.55324.39 11 NP67.6365.78 3 267.44242.98 10 Powered by Capital Market - Live

6 months agoCapital Market - Live
Earnings
Happy Forgings standalone net profit rises 3.01% in the March 2025 quarter

Net profit of Happy Forgings rose 3.01% to Rs 67.77 crore in the quarter ended March 2025 as against Rs 65.79 crore during the previous quarter ended March 2024. Sales rose 2.51% to Rs 351.97 crore in the quarter ended March 2025 as against Rs 343.34 crore during the previous quarter ended March 2024. For the full year,net profit rose 10.12% to Rs 267.57 crore in the year ended March 2025 as against Rs 242.99 crore during the previous year ended March 2024. Sales rose 3.73% to Rs 1408.89 crore in the year ended March 2025 as against Rs 1358.24 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales351.97343.34 3 1408.891358.24 4 OPM %29.0628.29 -28.8728.53 - PBDT109.96103.48 6 436.73389.13 12 PBT89.6887.46 3 359.67324.40 11 NP67.7765.79 3 267.57242.99 10 Powered by Capital Market - Live

6 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 5th December 2025 is ₹1034.40. 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: 1.57%
    • Past 1 month: 3.82%
    • Past 3 months: 16.63%
    • Past 6 months: 8.90%
    • Past 1 year: -5.74%
    • Past 3 years: N/A%
    • Past 5 years: 1.14%

  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 0.29.

  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 ₹9834.63 Cr as of 5th December 2025.

  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 ₹1134.80 and the 52-week low is ₹724.10.

  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 36.77. The P/B (price-to-book) ratio is 5.32.

  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.