| Quarterly Financials | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
Revenue  | 296 | 304 | 333 | 344 | 345 | 351 | 349 | 374 | 361 | 362 | 364 | 384 | 400 | 430 | 461 |
| Expenses | 221 | 217 | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 | 262 | 271 | 291 | 309 |
| EBITDA | 75 | 88 | 104 | 94 | 99 | 104 | 105 | 118 | 108 | 112 | 112 | 122 | 129 | 139 | 152 |
| Operating Profit % | 25 % | 28 % | 30 % | 27 % | 28 % | 28 % | 29 % | 29 % | 29 % | 29 % | 29 % | 31 % | 31 % | 31 % | 31 % |
| Depreciation | 16 | 14 | 16 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 | 22 | 22 | 25 | 26 |
| Interest | 4 | 5 | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 3 | 4 | 3 |
| Profit Before Tax | 56 | 68 | 86 | 74 | 78 | 88 | 86 | 97 | 87 | 90 | 89 | 99 | 104 | 111 | 123 |
| Tax | 15 | 17 | 21 | 19 | 20 | 22 | 22 | 26 | 22 | 22 | 23 | 25 | 25 | 28 | 31 |
| Net Profit | 42 | 51 | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 | 73 | 79 | 84 | 92 |
| EPS in ₹ | 4.65 | 5.67 | 7.16 | 6.17 | 6.46 | 7.25 | 6.77 | 7.58 | 6.85 | 7.18 | 6.97 | 7.79 | 8.37 | 8.86 | 9.70 |
Happy Forgings
Happy Forgings
2,089.60
+82.00
(4.08%)
Market Cap
19,715.47 Cr
PE Ratio
57.92
Volume
2,14,368.00
Day High - Low
2,105.00 - 2,016.40
52W High-Low
2,049.80 - 862.05
Key Fundamentals
Market Cap
19,715.47 Cr
EPS
31.99
PE Ratio
57.92
PB Ratio
8.91
Book Value
225.49
EBITDA
501.50
Dividend Yield
0.20 %
Industry
Industrial Products Sector
Castings & Forgings Return on Equity
14.17
Debt to Equity
0.14
Analyst Rating and Forecast
- By Refinitiv from6 analysts
Actual
Company News
View All News
Happy Forgings Limited will hold investor meetings in Mumbai on August 14, 2026. The event, organized by Equirus Securities, will cover publicly available information only.
Happy Forgings Limited has made the audio recording of its earnings conference call available on its website. The call discussed financial results for the quarter ended June 30, 2026, held on August 5, 2026.
Happy Forgings: Strong Volume Growth, Steady Margins Ahead10 days ago
Happy Forgings expects strong volume growth while maintaining EBITDA margins in line with FY2026 levels, with potential for further improvement.
View more
Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,482.80 | #1 41,833.66 | 32.73 | #1 4,355.48 | -5.71 | #1 1,273 | -1.38 | 40.81 | |
2,089.60 | #2 19,715.47 | #7 57.92 | #2 1,577.10 | #6 9.04 | #2 302 | #3 39.27 | 84.93 | |
493.75 | 5,909.29 | #1 20.21 | 1,107.37 | 17.71 | 259 | 15.96 | 64.60 | |
351.85 | 3,560.72 | 39.52 | 438.60 | 15.24 | 87 | 19.10 | 67.80 | |
2,027.00 | 2,340.91 | 81.78 | 141.78 | -0.15 | 27 | #1 730.43 | 70.46 | |
1,217.30 | 1,217.30 | 81.28 | 189.70 | 14.41 | 12 | 127.27 | 88.68 | |
117.78 | 1,024.70 | 25.24 | 1,342.40 | 5.80 | 48 | -59.20 | 38.02 | |
560.85 | 871.73 | 178.80 | 376.40 | 3.49 | 5 | -365.79 | 41.27 | |
1,435.00 | 607.30 | 30.47 | 198.30 | 11.28 | 19 | -44.78 | 80.74 | |
152.00 | 589.99 | 23.59 | 98.35 | #1 38.91 | 25 | -97.96 | 44.59 |
Growth Rate
Revenue Growth
9.04 %
Net Income Growth
12.79 %
Cash Flow Change
52.11 %
ROE
-2.01 %
ROCE
-2.47 %
EBITDA Margin (Avg.)
3.55 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Total Assets | 874 | 1,130 | 1,326 | 1,886 | 2,215 | 2,633 |
| Fixed Assets | 415 | 456 | 678 | 744 | 908 | 1,108 |
| Current Assets | 335 | 425 | 489 | 742 | 919 | 1,071 |
| Capital Work in Progress | 40 | 212 | 75 | 127 | 123 | 238 |
| Investments | 0 | 0 | 0 | 0 | 80 | 237 |
| Other Assets | 419 | 461 | 573 | 1,016 | 1,105 | 1,050 |
| Total Equity & Liabilities | 874 | 1,130 | 1,326 | 1,886 | 2,215 | 2,633 |
| Current Liabilities | 176 | 245 | 257 | 242 | 326 | 456 |
| Non Current Liabilities | 54 | 97 | 81 | 32 | 39 | 49 |
| Total Equity | 645 | 788 | 988 | 1,613 | 1,850 | 2,128 |
| Reserve & Surplus | 636 | 770 | 970 | 1,594 | 1,831 | 2,109 |
| Share Capital | 9 | 18 | 18 | 19 | 19 | 19 |
Cash Flow
| Cash Flow | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| Net Cash Flow | 1 | -3 | 0 | 1 | 12 | 13 |
| Investing Activities | -59 | -166 | -172 | -470 | -320 | -497 |
| Operating Activities | 60 | 80 | 210 | 189 | 292 | 445 |
| Financing Activities | -0 | 83 | -37 | 281 | 40 | 65 |
Share Holding
| % Holding | Aug 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| Promoter | 88.24 % | 78.60 % | 78.60 % | 78.60 % | 78.60 % | 78.60 % | 78.57 % | 78.54 % | 78.52 % | 78.50 % | 78.48 % | 78.46 % |
| FIIs | 0.00 % | 0.00 % | 1.12 % | 2.24 % | 2.28 % | 2.28 % | 2.19 % | 2.17 % | 2.02 % | 1.84 % | 1.73 % | 1.88 % |
| DIIs | 0.00 % | 4.00 % | 16.93 % | 16.69 % | 17.14 % | 17.06 % | 17.07 % | 16.98 % | 17.01 % | 16.73 % | 16.48 % | 15.54 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 0.00 % | 6.26 % | 2.98 % | 2.21 % | 1.78 % | 1.83 % | 1.89 % | 1.98 % | 2.06 % | 2.46 % | 2.79 % | 3.35 % |
| Others | 11.76 % | 11.13 % | 0.37 % | 0.26 % | 0.20 % | 0.22 % | 0.28 % | 0.34 % | 0.39 % | 0.47 % | 0.53 % | 0.78 % |
| No of Share Holders | 8 | 2,51,941 | 93,587 | 74,090 | 65,376 | 64,982 | 64,670 | 63,790 | 61,075 | 61,484 | 57,815 | 64,341 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.3 | 4 | 3 | 4 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.51 | 0.26 | 0.19 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 22 Jul 2024 |  Dividend | ₹ 4.00 /share | 22 Jul 2024 | 1,100.95 | 1,204.70 |
| 29 Jul 2024 |  Annual General Meeting | NA | 29 Jul 2024 | 1,156.90 | 1,226.30 |
| 07 Nov 2024 |  Quarterly Result Announcement | NA | 07 Nov 2024 | 1,068.95 | 1,149.90 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 1,042.65 | 1,016.45 |
| 17 May 2025 | Quarterly Result Announcement | NA | 17 May 2025 | 768.90 | 848.70 |
| 22 Jul 2025 | Dividend | ₹ 3.00 /share | 22 Jul 2025 | 848.70 | 949.80 |
| 29 Jul 2025 | Annual General Meeting | NA | 29 Jul 2025 | 848.70 | 961.30 |
| 09 Aug 2025 | Quarterly Result Announcement | NA | 09 Aug 2025 | 945.00 | 956.90 |
| 06 Nov 2025 | Quarterly Result Announcement | NA | 06 Nov 2025 | 968.15 | 1,013.20 |
| 09 Feb 2026 | Quarterly Result Announcement | NA | 09 Feb 2026 | 1,049.80 | 1,095.50 |
| 21 May 2026 | Quarterly Result Announcement | NA | 21 May 2026 | 1,418.00 | 1,380.20 |
| 20 Jul 2026 | Dividend | ₹ 4.00 /share | 20 Jul 2026 | 1,380.20 | 1,595.30 |
| 27 Jul 2026 | Annual General Meeting | NA | 27 Jul 2026 | 1,380.20 | 1,614.10 |
| 04 Aug 2026 | Quarterly Result Announcement | NA | 04 Aug 2026 | 1,609.80 | 1,699.10 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome10 days ago
10 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 04, 2026
Aug 04, 2026Announcement under Regulation 30 (LODR)-Investor PresentationAug 04, 2026
Aug 04, 2026Results For The Quarter Ended 30Th June 2026Aug 04, 2026
Aug 04, 2026Board Meeting Outcome for Outcome Of Board MeetingAug 04, 2026
Aug 04, 2026Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 28, 2026
Jul 28, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 28, 2026
Jul 28, 2026Shareholder Meeting / Postal Ballot-Outcome of AGMJul 27, 2026
Jul 27, 2026Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter Ended 30Th June 2026Jul 21, 2026
Jul 21, 2026Announcement under Regulation 30 (LODR)-Credit RatingJul 07, 2026
Jul 07, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 07, 2026
Jul 07, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 03, 2026
Jul 03, 2026Pursuant To Regulation 36(1)(B) Of SEBI LODR Regulations 2015 Letter To Shareholders Who Have Not Registered Their Email IDJul 02, 2026
Jul 02, 2026Business Responsibility and Sustainability Reporting (BRSR)Jun 30, 2026
Jun 30, 2026Notice Of 47Th Annual General MeetingJun 30, 2026
Jun 30, 2026Reg. 34 (1) Annual Report.Jun 30, 2026
Jun 30, 2026Closure of Trading WindowJun 25, 2026
Jun 25, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 24, 2026
Jun 24, 2026Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 17, 2026
Jun 17, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 28, 2026
May 28, 2026Copy Of Financial Results For The Period Ended 31St March 2026 Submitted On 21St May 2026 In Legible FormMay 23, 2026
May 23, 2026Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 22, 2026
May 22, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 22, 2026
May 22, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 22, 2026
May 22, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Investor PresentationMay 21, 2026
May 21, 2026Intimation Of Book Closure For The Purpose Of DividendMay 21, 2026
May 21, 2026Intimation Of 47Th AGM To Be Held On Monday 27Th July 2026May 21, 2026
May 21, 2026Record Date For Final DividendMay 21, 2026
May 21, 2026Enhancement In The Capacity Of Solar Power ProjectMay 21, 2026
May 21, 2026Appointment Of AuditorsMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Dividend UpdatesMay 21, 2026
May 21, 2026Financial Results For The Quarter And Year Ended 31St March 2026May 21, 2026
May 21, 2026Board Meeting Outcome for Outcome Of Board MeetingMay 21, 2026
May 21, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 09, 2026
May 09, 2026Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Year Ended On 31St March 2026May 08, 2026
May 08, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportMay 05, 2026
May 05, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 06, 2026
Apr 06, 2026Closure of Trading WindowMar 25, 2026
Mar 25, 2026Reporting Of Violation Under SEBI (PIT) Regulations 2015Mar 24, 2026
Mar 24, 2026Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSMar 13, 2026
Mar 13, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 24, 2026
Feb 24, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 18, 2026
Feb 18, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 16, 2026
Feb 16, 2026Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Feb 13, 2026
Feb 13, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 10, 2026
Feb 10, 2026Mutual Fund Holdings
Technical Indicators
RSI(14)
Overbought 84.93
ATR(14)
Volatile 71.80
STOCH(9,6)
Overbought 92.09
STOCH RSI(14)
Overbought 96.22
MACD(12,26)
Bullish 31.73
ADX(14)
Strong Trend 34.93
UO(9)
Bearish 64.72
ROC(12)
Uptrend And Accelerating 25.95
WillR(14)
Overbought -2.80
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