| 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 |
Revenue  | 296 | 304 | 333 | 344 | 345 | 351 | 349 | 374 | 361 | 362 | 364 | 384 | 400 | 430 |
| Expenses | 221 | 217 | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 | 262 | 271 | 291 |
| EBITDA | 75 | 88 | 104 | 94 | 99 | 104 | 105 | 118 | 108 | 112 | 112 | 122 | 129 | 139 |
| Operating Profit % | 25 % | 28 % | 30 % | 27 % | 28 % | 28 % | 29 % | 29 % | 29 % | 29 % | 29 % | 31 % | 31 % | 31 % |
| Depreciation | 16 | 14 | 16 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 | 22 | 22 | 25 |
| Interest | 4 | 5 | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 3 | 2 | 2 | 3 | 4 |
| Profit Before Tax | 56 | 68 | 86 | 74 | 78 | 88 | 86 | 97 | 87 | 90 | 89 | 99 | 104 | 111 |
| Tax | 15 | 17 | 21 | 19 | 20 | 22 | 22 | 26 | 22 | 22 | 23 | 25 | 25 | 28 |
| Net Profit | 42 | 51 | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 | 73 | 79 | 84 |
| 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 |
Happy Forgings
Happy Forgings
1,526.90
+27.80
(1.85%)
Market Cap
14,406.37 Cr
PE Ratio
46.86
Volume
90,899.00
Day High - Low
1,561.70 - 1,470.30
52W High-Low
1,590.40 - 862.05
Key Fundamentals
Market Cap
14,406.37 Cr
EPS
31.99
PE Ratio
46.86
PB Ratio
6.64
Book Value
225.49
EBITDA
501.50
Dividend Yield
0.27 %
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
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Happy Forgings files BRSR for FY 2025-26
6 days ago
6 days agoHappy Forgings Ltd filed its Business Responsibility and Sustainability Report for FY 2025-26. The report details ESG initiatives, including a 7% reduction in Scope 1 & 2 emissions and 100% Zero Liquid Discharge.
Happy Forgings submits its 47th Annual Report for FY2025-26, reporting record revenue of ₹ 1,546 Cr., EBITDA of ₹ 471 Cr., PAT of ₹ 302 Cr., and expanded forging capacity of 1,48,000 MT.
Happy Forgings Eyes Late-Teen Volume Growth in FY27May 22, 2026
Happy Forgings anticipates late-teen volume growth and mid-single-digit export growth in FY 2027, with new North American projects and a major European industrial order set to begin in FY 2029.
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 |
|---|---|---|---|---|---|---|---|---|
4,813.00 | #1 44,915.09 | 34.98 | #1 4,355.48 | -5.71 | #1 1,273 | 37.81 | 59.41 | |
1,526.90 | #2 14,406.37 | #7 46.86 | #2 1,577.10 | #6 9.04 | #2 302 | #5 23.67 | 60.91 | |
460.35 | 5,509.56 | #1 21.84 | 1,107.37 | 17.71 | 259 | 4.78 | 48.12 | |
320.40 | 3,242.45 | 36.15 | 423.17 | 11.18 | 88 | -13.43 | 67.04 | |
1,909.20 | 2,204.93 | 74.84 | 141.78 | -0.15 | 27 | #1 730.43 | 70.59 | |
141.24 | 1,228.80 | 25.67 | 1,342.40 | 5.80 | 48 | 13.33 | 53.15 | |
582.80 | 905.85 | 186.93 | 366.42 | 0.75 | 7 | 121.05 | 54.83 | |
797.80 | 797.80 | 73.12 | 185.40 | 11.82 | 13 | 100.00 | 65.99 | |
148.60 | 576.76 | 22.24 | 98.35 | #1 38.91 | 25 | -98.07 | 58.20 | |
1,155.10 | 488.89 | 27.10 | 196.44 | 10.24 | 18 | -43.75 | 58.98 |
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 |
| Promoter | 88.24 % | 78.60 % | 78.60 % | 78.60 % | 78.60 % | 78.60 % | 78.57 % | 78.54 % | 78.52 % | 78.50 % | 78.48 % |
| FIIs | 0.00 % | 0.00 % | 1.12 % | 2.24 % | 2.28 % | 2.28 % | 2.19 % | 2.17 % | 2.02 % | 1.84 % | 1.73 % |
| DIIs | 0.00 % | 4.00 % | 16.93 % | 16.69 % | 17.14 % | 17.06 % | 17.07 % | 16.98 % | 17.01 % | 16.73 % | 16.48 % |
| Government | 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 % |
| Others | 11.76 % | 11.13 % | 0.37 % | 0.26 % | 0.20 % | 0.22 % | 0.28 % | 0.34 % | 0.39 % | 0.47 % | 0.53 % |
| 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 |
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 | 0.27 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 27 Jul 2026 |  Annual General Meeting | NA | 27 Jul 2026 | 1,380.20 | 1,499.10 |
| 20 Jul 2026 |  Dividend | ₹ 4.00 /share | 20 Jul 2026 | 1,380.20 | 1,499.10 |
| 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 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper Publication3 days ago
3 days agoPursuant To Regulation 36(1)(B) Of SEBI LODR Regulations 2015 Letter To Shareholders Who Have Not Registered Their Email ID4 days ago
4 days agoBusiness Responsibility and Sustainability Reporting (BRSR)6 days ago
6 days agoNotice Of 47Th Annual General Meeting6 days ago
6 days agoReg. 34 (1) Annual Report.6 days ago
6 days agoClosure 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, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 10, 2026
Feb 10, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Investor PresentationFeb 09, 2026
Feb 09, 2026Amendment In Code Of Fair Disclosure Of UPSIFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Monitoring Agency ReportFeb 09, 2026
Feb 09, 2026Results For The Quarter And Nine Months Ended 31St Dec 2025Feb 09, 2026
Feb 09, 2026Board Meeting Outcome for Outcome Of Board MeetingFeb 09, 2026
Feb 09, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 29, 2026
Jan 29, 2026Board Meeting Intimation for Approval Of Unaudited Financial Results For The Quarter And Nine Months Ended On 31St December 2025Jan 28, 2026
Jan 28, 2026Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsJan 13, 2026
Jan 13, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 08, 2026
Jan 08, 2026Closure of Trading WindowDec 27, 2025
Dec 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDec 13, 2025
Dec 13, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSDec 02, 2025
Dec 02, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 57.34
ATR(14)
Volatile 53.04
STOCH(9,6)
Neutral 63.28
STOCH RSI(14)
Neutral 68.20
MACD(12,26)
Bullish 5.00
ADX(14)
Strong Trend 29.46
UO(9)
Bearish 50.42
ROC(12)
Uptrend And Accelerating 12.15
WillR(14)
Neutral -35.76
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