Happy Forgings Ltd (HAPPYFORGE)
₹1,748.20
Mkt cap
₹16,503 Cr
P/E ratio
50.40
P/B
7.74
Div yield
0.23%
ROE
15.00%
ROCE
18.00%
EPS (TTM)
₹34.69
Book value
₹226
52W range
976–2,470
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
TechnicalsNeutral
52-week range
−29.22% from high₹1,748
₹976+79.12% from low₹2,470
Current
₹1,748.20
Prev close
₹1,800.10
Day
−2.88%
Price performance
1D
−2.84%
1W
−0.74%
1M
−15.70%
3M
+5.26%
6M
+34.40%
1Y
+75.54%
YTD
+47.43%
Financials
Revenue, profit & margin
P/E ratio
50.4×
HAPPYFORGE is 74% above the sector median of 29.0×
HAPPYFORGE50.4×
Sector median29.0×
| 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 & reactionsNext results
5 Nov '26
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% | +25.82% |
| 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 Sep 202678.44%Promoter
Promoters78.44%0.02
FIIs2.37%0.49
DIIs14.93%0.61
Public4.26%0.14
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 |
|---|---|---|---|---|---|---|---|---|---|
| PTC Industries | ₹23,945.00 | 302.14 | 37,946 | 0.00% | 29 | +465.70% | 192 | +97.43% | 8.59% |
| AIA Engineering | ₹3,595.90 | 26.45 | 33,557 | 0.44% | 301 | −1.28% | 1,168 | +12.42% | 21.12% |
| Happy Forgings | ₹1,748.20 | 50.41 | 16,503 | 0.23% | 91 | +39.23% | 449 | +27.03% | 18.03% |
| Balu Forge | ₹442.45 | 20.04 | 5,371 | 0.03% | 66 | +15.89% | 301 | +28.95% | 22.72% |
| Steelcast | ₹348.05 | 38.84 | 3,522 | 0.49% | 24 | +19.27% | 125 | +16.99% | 32.30% |
| Amic Forging | ₹2,044.50 | 77.47 | 2,361 | 0.00% | 16 | +23.69% | 75 | +30.44% | 25.24% |
| Inv.& Prec.Cast. | ₹1,360.30 | 91.11 | 1,360 | 0.07% | 5 | +129.95% | 53 | +21.07% | 14.39% |
| Median: 21 Co. | ₹413.30 | 28.96 | 747 | 0.00% | 4 | +9.50% | 67 | +12.42% | 15.52% |
Filings
Annual reports3
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)-Analyst / Investor Meet - Intimation 24 Oct - Happy Forgings to host Q2 and H1 FY27 earnings call on 6 November 2026 at 11:00 AM IST.Board Meeting Intimation for Board Meeting Intimation For Approval Of Unaudited Financial Results For The Quarter And Half Year Ended 30Th Sep 2026 24 Oct - Board meeting on November 5, 2026 to consider Q2 and half-year FY2027 results.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Oct - Filed Regulation 74(5) certificate for quarter ended 30 September 2026; no dematerialization requests received.Closure of Trading Window 21 Sep - Trading window closed1 October 2026 until 48 hours after Q2 FY27 results board meeting.Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 11 Sep