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Happy Forgings Ltd

HAPPYFORGE Share Price

940.300.24% (-2.30)
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With a market cap of ₹8,887 cr, stock is ranked 601

Stock is 1.93x 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 ₹8,887 cr, stock is ranked 601

Stock is 1.93x as volatile as Nifty

HAPPYFORGE Performance & Key Metrics

HAPPYFORGE Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
33.254.810.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.716.420.63%

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 17, 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
33.42
33.42
1Y Return
19.19%
19.19%
Buy Reco %
100.00
100.00
PE Ratio
25.24
25.24
1Y Return
17.63%
17.63%
Buy Reco %
100.00
100.00
PE Ratio
916.36
916.36
1Y Return
34.04%
34.04%
Buy Reco %
0.00
0.00
PE Ratio
41.96
41.96
1Y Return
65.27%
65.27%
Buy Reco %
0.00
0.00
PE Ratio
21.68
21.68
1Y Return
41.82%
41.82%
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 2025

Despite facing significant challenges in key sectors, including a decline in international commercial vehicles and domestic slowdowns, the company achieved a 4.7% increase in revenue and its highest-ever profitability, driven by strong performance in the passenger and industrial segments. A robust balance sheet, characterized by a low debt-to-equity ratio and healthy cash flow, underpins its optimistic outlook for long-term growth, supported by strategic capital investments in new facilities and renewable energy. While domestic sales in the farm equipment sector showed resilience, export markets remain under pressure, particularly in Europe and North America. The company is poised to leverage its strengths in innovation and market diversification to navigate uncertainties and capitalize on emerging opportunities.

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

    In FY '25, the company achieved stable growth in absolute revenue, EBITDA, and profit after

  • Growth in New Segments

    The company has successfully expanded its passenger vehicle segment, which now contributes 4% to total

HAPPYFORGE Stock Challenges
HAPPYFORGE Stock Challenges
5
  • Decline in Commercial Vehicle Segment

    The commercial vehicle (CV) segment has faced significant challenges, with a reported revenue decline of

  • Challenges in Export Markets

    The company's export business, which contributes about 18% of total revenues, has remained flat on

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 Revenue590.82866.111,202.281,371.591,446.341,446.22
Raw Materialssubtract257.26435.85547.72629.73602.781,002.20
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/Amortizationsubtract35.7637.7454.1864.7377.0677.06
Interest & Other Itemssubtract11.787.1612.4811.787.537.54
Taxes & Other Itemssubtract30.6149.7671.3381.4192.1292.09
EPS9.6615.9023.3226.4528.3828.37
DPS0.000.001.304.003.004.00
Payout ratio0.000.000.060.150.110.14

HAPPYFORGE Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
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 Ltd33.234.810.32%
Action Construction Equipment Ltd33.4211.100.17%
Isgec Heavy Engineering Ltd25.243.29
TIL Ltd916.3682.96

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 Holding78.54%11.52%5.47%2.17%2.31%

Sep 2024

Dec 2024

Mar 2025

Jun 2025

HAPPYFORGE Shareholding History

HAPPYFORGE Shareholding History

MarJunSepDec '24MarJun1.12%2.24%2.28%2.28%2.19%2.17%

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)
4.0000%1.00%0.05%40/71 (-1)
1.7272%0.85%0.05%61/83 (-11)
1.4996%2.47%0.36%17/35 (0)

Compare 3-month MF holding change on Screener

HAPPYFORGE Insider Trades & Bulk Stock Deals

HAPPYFORGE Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

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 22, 2025

Final
Final | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Jul 22, 2025

HAPPYFORGE Past Dividends

HAPPYFORGE Past Dividends

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 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

3 weeks 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

2 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

2 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

2 months agoCapital Market - Live
Corporate
Board of Happy Forgings recommends final dividend

Happy Forgings announced that the Board of Directors of the Company at its meeting held on 17 May 2025, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 150%) , subject to the approval of the shareholders.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Happy Forgings to declare Quarterly Result

Happy Forgings will hold a meeting of the Board of Directors of the Company on 17 May 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Happy Forgings allots 17,375 equity shares under ESOS

Happy Forgings has allotted 17,375 equity shares under ESOS on 12 February 2025. The Paid-up Share Capital of the Company will accordingly increase from Rs.18,84,49,650 (9,42,24,825 equity shares of Rs.2/- each) to Rs. 18,84,84,400 ( 9,42,42,200 equity shares of Rs. 2/- each). Powered by Capital Market - Live

5 months agoCapital Market - Live
Spotlight
Happy Forgings inks MoU with global manufacturer of industrial equipment

This MoU sets the main terms and principles for a binding long-term supply contract, which will be signed when approved components start shipping in 2028. Under the MoU, the customer has committed an initial investment of approximately Rs 20 crore for tooling and development, with sampling and testing planned for 2027. The binding supply contract will commence in 2028 with the delivery of approved components. Annual revenues are expected to be approximately Rs 95 crore based on minimum committed volumes, with a peak potential of Rs 160 crore per year, contingent on the customer's equipment sales. This order will be executed through HFL's upcoming heavy forging facility, which is being developed as part of a Board-approved capital expenditure plan of Rs 650 crore sanctioned in January 2025. These new capabilities will position Happy Forgings among the select manufacturers capable of producing heavy forged and precision-machined components exceeding 250 kilograms. Ashish Garg, managing director of Happy Forgings, said: 'We are pleased to announce our first MoU in the heavy forged and precision machined components segment for parts exceeding 250 kg with a leading global manufacturer. This agreement provides strong visibility for the deployment of our new heavy forging capacity upon commissioning. It also reinforces our engineering expertise and positions HFL to pursue additional large-scale, heavyweight component opportunities across various industrial sectors. Expanding into this high-value segment aligns with our long-term strategy to diversify our portfolio, drive profitability, and create lasting value for our stakeholders.' Happy Forgings is principally engaged in the manufacturing of forgings and related components. The company's consolidated net profit jumped 11.5% to Rs 64.55 crore on 3.6% increase in net sales to Rs 354.32 crore in Q3 FY25 over Q3 FY24. The scrip declined 3.11% to end at Rs 932.25 on Tuesday, 11 February 205.Powered by Capital Market - Live

5 months agoCapital Market - Live
Corporate
Happy Forgings wins international order for supply of components

Happy Forgings has obtained an international order to supply heavy forged and precision-machined components weighing upto 1,000 Kgs for use in industrial and mining applications. The order entails annual committed volumes of Rs 95 crore with a peak annual revenue potential of Rs 160 crore. Testing and sampling is scheduled in 2027 and supplies are expected to commence in 2028 under the binding long-term supply contract. Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Happy Forgings consolidated net profit rises 11.49% in the December 2024 quarter

Net profit of Happy Forgings rose 11.49% to Rs 64.55 crore in the quarter ended December 2024 as against Rs 57.90 crore during the previous quarter ended December 2023. Sales rose 3.61% to Rs 354.32 crore in the quarter ended December 2024 as against Rs 341.99 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales354.32341.99 4 OPM %28.6427.83 - PBDT105.9394.73 12 PBT86.8277.67 12 NP64.5557.90 11 Powered by Capital Market - Live

5 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 18th July 2025 is ₹940.30. 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: 0.21%
    • Past 1 month: -3.73%
    • Past 3 months: 17.64%
    • Past 6 months: -5.03%
    • Past 1 year: -23.24%
    • Past 3 years: N/A%
    • Past 5 years: -8.78%

  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 0.32.

  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 ₹8887.40 Cr as of 18th July 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 ₹1289.50 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 33.23. The P/B (price-to-book) ratio is 4.81.

  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.