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Happy Forgings

HAPPYFORGE
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Happy Forgings Share price and Fundamental Analysis

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Happy Forgings Limited was incorporated as Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
Company Incorporation1979
ChairmanNA
Head QuartersLudhiana
Previous NameNA

Key Metrics

Market Cap (Cr)
7,995.51
PE Ratio
29.89
Industry P/E
40.36
PEG Ratio
2.98
ROE
14.46%
ROCE
17.67%
ROA
12.07%
Total Debt (Cr)
227.99
Debt to Equity
0.12
Dividend Yield
0.35%
EPS
28.38
Book Value & P/B
196.25 x 4.32
Face Value
2
Outstanding Shares(Cr)
9.42
Current Ratio
9.34
EV to Sales
5.74

Included In

+More

Stock Returns

1 Week+0.1%
1 Month+4.18%
6 Months-21.82%
1 Year-21.43%
3 Years-18.03%
5 Years-18.03%

CAGR

1 Year CAGR

Revenue Growth

+13.51%

Net Profit Growth

+16.43%

Operating Profit Growth

+15.64%

Dividend Growth

0%

Stock Returns CAGR

-22.96%
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Smart Score

2.5
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Corporate Action

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PARTICULARS

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Total Expenses

Operating Expense

Operating Profit

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Profit Before Tax

Tax

Profit after tax

Adj EPS in Rs - Basic

Adj EPS in Rs - Diluted

Profit and Loss Statement

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Cashflow Statement

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Mar 25

Promoters : 78.57%

FIIs : 2.19%

DIIs : 17.07%

Public : 2.17%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
Promoter Shareholding Decreased by 0.03% to 78.57% in March 2025 Qtr
FII Shareholding Decreased by 0.1% to 2.19% in March 2025 Qtr

Top Shareholders

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Key Ratios

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ROE

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ROCE

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ROA

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NPM

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Dividend History

Happy Forgings Competitors

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5 Year FactSheet

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Happy Forgings Management and History

Company Management

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Company History

Happy Forgings Limited was incorporated as Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.

Happy Forgings are an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries into the non-automotive sector.

The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India. In 1995, the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006, it commissioned operations at Kanganwal Facility II unit, in 2008, commissioned first 8,000 ton forging press; commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011, it ventured into commercial vehicles, farm equipment and industrial equipment industries; later on, the second 8,000 ton forging press was commissioned during 2017; again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019; installed third 8,000 ton forging press line in 2021; commenced Dugri Facility operations in 2021, commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter, installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14,000 ton forging press line in 2022.

Through Initial Public Offer, the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8,054,910 Equity Shares.

Happy Forgings Share Price

Happy Forgings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Happy Forgings Market Cap

Market capitalization of Happy Forgings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Happy Forgings is valued compared to its competitors.

Happy Forgings PE Ratio

Happy Forgings PE ratio helps investors understand what is the market value of each stock compared to Happy Forgings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Happy Forgings PEG Ratio

The PEG ratio of Happy Forgings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Happy Forgings ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Happy Forgings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Happy Forgings ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Happy Forgings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Happy Forgings Total Debt

Total debt of Happy Forgings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Happy Forgings Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Happy Forgings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Happy Forgings CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Happy Forgings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Happy Forgings Technical Analysis

Technical analysis of Happy Forgings helps investors get an insight into when they can enter or exit the stock. Key components of Happy Forgings Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Happy Forgings shares often struggle to rise above due to selling pressure.

Happy Forgings Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Happy Forgings ’s financial health and profitability.

Happy Forgings Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Happy Forgings Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Happy Forgings Financials

The financials of Happy Forgings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Happy Forgings Profit and Loss Statements

The profit and loss statement of Happy Forgings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Happy Forgings .

Happy Forgings Balance Sheet

The balance sheet presents a snapshot of Happy Forgings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Happy Forgings Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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