Happy Forgings Ltd (HAPPYFORGE)
₹2,230.30
Mkt cap
₹21,060 Cr
P/E ratio
64.30
P/B
9.87
Div yield
0.18%
ROE
15.00%
ROCE
18.00%
EPS (TTM)
₹34.69
Book value
₹226
52W range
878–2,420
Sector
Industrials
Price history
Previous close
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. [1]
NSE HAPPYFORGEBSE 544057
Health check
Constructive
ValuationExpensive
ProfitabilityStrong
GrowthHigh
TechnicalsBullish
52-week range
−7.85% from high₹2,230
₹878+154.02% from low₹2,420
Current
₹2,230.30
Prev close
₹2,227.70
Day
+0.12%
Price performance
1D
+0.12%
1W
−7.85%
1M
+15.80%
3M
+65.04%
6M
+75.17%
1Y
+146.25%
YTD
+88.08%
Financials
Revenue, profit & margin
P/E ratio
64.3×
HAPPYFORGE is 110% above the sector median of 30.6×
HAPPYFORGE64.3×
Sector median30.6×
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 330 | 343 | 342 | 343 | 341 | 361 | 354 | 352 | 354 | 377 | 391 | 424 | 449 | |
| Expenses | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 | 262 | 271 | 291 | 309 | |
| Operating Profit | 100 | 94 | 95 | 97 | 98 | 105 | 101 | 102 | 101 | 116 | 120 | 133 | 141 | |
| OPM % | 30% | 27% | 28% | 28% | 29% | 29% | 29% | 29% | 29% | 31% | 31% | 31% | 31% | |
| Other Income | 3 | 1 | 3 | 7 | 8 | 13 | 7 | 10 | 10 | 6 | 8 | 6 | 11 | |
| Interest | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 3 | |
| Depreciation | 15 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 | 22 | 22 | 25 | 26 | |
| Profit before tax | 85 | 74 | 78 | 87 | 86 | 97 | 87 | 90 | 89 | 99 | 104 | 111 | 123 | |
| Tax % | 25% | 25% | 25% | 25% | 26% | 27% | 26% | 24% | 26% | 26% | 24% | 25% | 25% | |
| Net Profit | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 | 73 | 79 | 84 | 91 | |
| EPS in Rs | 7.16 | 6.17 | 6.15 | 6.98 | 6.77 | 7.58 | 6.85 | 7.18 | 6.97 | 7.79 | 8.37 | 8.86 | 9.69 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −0.20% · closed higher next day 5 of last 11
| Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 10 Feb '24◦ | 25 May '24◦ | 8 Aug '24 | 8 Nov '24 | 8 Feb '25◦ | 17 May '25◦ | 9 Aug '25◦ | 6 Nov '25 | 9 Feb '26 | 21 May '26◦ | 4 Aug '26 |
| Earnings day | −1.29% | +2.37% | −0.79% | −0.32% | −2.86% | −3.57% | +1.33% | −1.86% | +3.10% | −4.93% | +6.67% |
| +1 day | −4.34% | +2.51% | −1.14% | −1.31% | −5.67% | −2.85% | +0.98% | +0.05% | +4.99% | −5.08% | +9.78% |
| +5 days | −3.80% | +5.03% | −3.03% | −6.71% | −8.26% | +6.25% | −2.32% | +1.81% | +16.99% | −1.52% | +18.74% |
| +15 days | −4.29% | +11.83% | −4.46% | −3.21% | −18.73% | +14.59% | −5.77% | +2.57% | +18.18% | −6.62% | +29.89% |
| +30 days | −11.84% | +17.19% | −1.91% | −12.78% | −18.20% | +13.21% | +1.49% | +5.21% | +9.83% | +3.15% | — |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 4 Per Share | 4.00 | 20 Jul '26 | 20 Jul '26 |
Shareholding
as of Jun 202678.46%Promoter
Promoters78.46%0.02
FIIs1.88%0.15
DIIs15.54%0.94
Public4.12%0.82
Ownership trend
Peers
7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| AIAENG | ₹4,224.00 | 31.07 | 39,419 | 0.38% | 301 | −1.28% | 1,168 | +12.42% | 21.12% |
| PTCIL | ₹23,755.00 | 283.58 | 35,615 | 0.00% | 29 | +465.70% | 192 | +97.43% | 8.43% |
| HAPPYFORGE | ₹2,231.40 | 64.32 | 21,060 | 0.18% | 91 | +39.23% | 449 | +27.03% | 18.03% |
| BALUFORGE | ₹557.60 | 25.26 | 6,769 | 0.03% | 66 | +15.89% | 301 | +28.95% | 22.72% |
| STEELCAS | ₹326.85 | 36.47 | 3,308 | 0.52% | 24 | +19.27% | 125 | +16.99% | 32.30% |
| AMIC | ₹2,217.60 | 90.59 | 2,561 | 0.00% | 16 | +23.69% | 75 | +30.44% | 23.46% |
| INVPRECQ | ₹1,299.00 | 87.01 | 1,299 | 0.08% | 5 | +129.95% | 53 | +21.07% | 14.39% |
| Median: 21 Co. | ₹413.55 | 30.63 | 755 | 0.08% | 4 | 0.00% | 54 | +9.62% | 15.79% |
Filings
Concall transcripts30
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026RECMay 2026TranscriptFeb 2026PPTFeb 2026RECFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025TranscriptNov 2024PPTNov 2024PPTSep 2024TranscriptAug 2024PPTAug 2024
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Earnings Call Transcript 11 AugAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 AugAnnouncement under Regulation 30 (LODR)-Newspaper Publication 5 AugAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 5 Aug - Audio recording of Q1 FY2026 earnings conference call held August 5, 2026 available on website.Announcement under Regulation 30 (LODR)-Press Release / Media Release 4 Aug - Q1 FY27 results: revenue ₹449 crore, EBITDA ₹141 crore, PAT ₹91 crore, all up YoY.