Happy Forgings Limited Stock Price Today (NSE: HAPPYFORGE)
Fundamental Score
Happy Forgings Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Happy Forgings Limited share price today is ₹2155.90, up +3.93% on NSE/BSE as of 16 September 2026. Happy Forgings Limited (HAPPYFORGE) is a Large-cap company in the Castings & Forgings sector with a market capitalisation of ₹20.35K (Cr). The 52-week high for HAPPYFORGE share price is ₹2470.00 and the 52-week low is ₹888.75. At a P/E ratio of 62.09x, HAPPYFORGE is currently trading above its industry average P/E of 30.80x. 0
Happy Forgings Limited Share Price Chart — NSE/BSE Historical Performance
Happy Forgings Limited share price chart: 15.80% return over the past month. 52-week high ₹2470.00, 52-week low ₹888.75.
Happy Forgings Limited — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹2065.00 | ₹2178.00 | ₹2065.00 | ₹2155.90 | 1.68L (Cr) | |
| ₹2171.00 | ₹2186.90 | ₹2060.60 | ₹2074.30 | 75.02K (Cr) | |
| ₹2195.00 | ₹2244.80 | ₹2150.00 | ₹2169.00 | 66.05K (Cr) | |
| ₹2253.20 | ₹2301.00 | ₹2211.00 | ₹2233.40 | 58.77K (Cr) | |
| ₹2230.30 | ₹2341.80 | ₹2230.30 | ₹2256.70 | 53.19K (Cr) | |
| ₹2259.90 | ₹2260.00 | ₹2171.50 | ₹2230.30 | 46.94K (Cr) | |
| ₹2250.00 | ₹2287.40 | ₹2203.50 | ₹2231.40 | 45.86K (Cr) | |
| ₹2265.10 | ₹2306.20 | ₹2226.60 | ₹2238.50 | 69.56K (Cr) | |
| ₹2345.00 | ₹2450.00 | ₹2271.30 | ₹2294.40 | 71.28K (Cr) | |
| ₹2380.80 | ₹2460.00 | ₹2340.00 | ₹2345.90 | 1.02L (Cr) |
Happy Forgings Limited — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹2449.00 | ₹2470.00 | ₹2060.60 | ₹2155.90 | -11.97% | |
| ₹1668.00 | ₹2422.30 | ₹1620.70 | ₹2412.00 | +44.60% | |
| ₹1539.20 | ₹1688.20 | ₹1470.30 | ₹1652.70 | +7.37% | |
| ₹1404.00 | ₹1590.40 | ₹1323.20 | ₹1537.80 | +9.53% | |
| ₹1374.00 | ₹1490.00 | ₹1320.80 | ₹1387.40 | +0.98% | |
| ₹1178.80 | ₹1398.00 | ₹1135.00 | ₹1348.00 | +14.35% | |
| ₹1285.10 | ₹1345.00 | ₹1140.20 | ₹1156.10 | -10.04% | |
| ₹1020.10 | ₹1370.00 | ₹1020.10 | ₹1333.70 | +30.74% | |
| ₹1149.10 | ₹1193.60 | ₹1003.30 | ₹1063.80 | -7.42% | |
| ₹1036.00 | ₹1170.40 | ₹1000.10 | ₹1149.10 | +10.92% | |
| ₹1025.00 | ₹1053.80 | ₹976.00 | ₹1036.70 | +1.14% | |
| ₹929.00 | ₹1035.45 | ₹888.75 | ₹1021.10 | +9.91% |
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Happy Forgings Limited Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Happy Forgings Limited Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HAPPYFORGE across key market metrics for learning purposes.
Positive Indicators
10 factors identified
Excellent ROCE Performance (20.29%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (30.70%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Robust Profit Growth (39.24%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (27.03%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Consistent Growth Track Record (21.46% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Strong Profit Growth Track Record (28.18% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.15)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (39.38x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Healthy Liquidity Position (Current Ratio: 2.81)
Observation: Strong short-term liquidity to meet obligations.
Analysis: Current ratio >1.5 indicates good working capital management.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
5 factors identified
Below-Average Return on Equity (0.00%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Premium Valuation Risk (P/E: 62.09x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
High Price-to-Book Ratio (10.99x)
Observation: Trading at significant premium to book value.
Analysis: High P/B ratios may indicate overvaluation relative to asset base.
Weak Earnings Growth (-49.51% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Negative Free Cash Flow (₹-78.53 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Happy Forgings Limited vs Castings & Forgings Peers
Peer Comparison - Castings & Forgings
Compare Happy Forgings Limited with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Happy Forgings LimitedHappy Forgings ...Selected✓ HAPPYFORGE • 544057 | 66/100 | ₹2155.90₹2156 | ₹20347.06₹20347.06 | 62.09Average 62.1 Average | 0.00%Poor 0.00% Poor | 20.29%Excellent 20.29% Excellent | 0.15Excellent 0.2 Excellent | 28.18%Excellent 28.18% Excellent | 21.46%Excellent 21.46% Excellent | 0.25% |
Steelcast LimitedSteelcast Limit... STEELCAS • 513517 | 64/100 | ₹324.05₹324 | ₹327.94M₹327.94M | 36.21Average 36.2 Average | 24.10%Excellent 24.10% Excellent | 31.29%Excellent 31.29% Excellent | 0.00Excellent 0.0 Excellent | 49.15%Excellent 49.15% Excellent | 21.82%Excellent 21.82% Excellent | 0.56% |
AIA Engineering LimitedAIA Engineering... AIAENG • 532683 | 68.3/100 | ₹4179.70₹4180 | ₹39005.17₹39005.17 | 30.80Average 30.8 Average | 16.99%Good 16.99% Good | 21.22%Excellent 21.22% Excellent | 0.00Excellent 0.0 Excellent | 17.54%Excellent 17.54% Excellent | 8.93%Good 8.93% Good | 0.33% |
Balu Forge Industries LimitedBalu Forge Indu... BALUFORGE • 531112 | 59.9/100 | ₹539.40₹539 | ₹6547.88₹6547.88 | 22.17Average 22.2 Average | 19.56%Good 19.56% Good | 23.88%Excellent 23.88% Excellent | 0.08Excellent 0.1 Excellent | 102.41%Excellent 102.41% Excellent | 50.78%Excellent 50.78% Excellent | 0.03% |
Amic Forging LtdAmic Forging Lt... AMIC • 544037 | 65.4/100 | ₹2281.00₹2281 | ₹2634.29₹2634.29 | 72.22Average 72.2 Average | 16.79%Good 16.79% Good | 23.61%Excellent 23.61% Excellent | 0.03Excellent 0.0 Excellent | 118.32%Excellent 118.32% Excellent | 39.97%Excellent 39.97% Excellent | 0.00% |
Nelcast LimitedNelcast Limited... NELCAST • 532864 | 57.5/100 | ₹113.86₹114 | ₹990.59₹990.59 | 24.07Average 24.1 Average | 0.00%Poor 0.00% Poor | 14.33%Average 14.33% Average | 0.43Excellent 0.4 Excellent | 39.88%Excellent 39.88% Excellent | 16.81%Excellent 16.81% Excellent | 0.53% |
Synergy Green Industries LimitedSynergy Green I... SGIL • 541929 | 28.9/100 | ₹584.00₹584 | ₹907.24₹907.24 | — — | 4.26%Poor 4.26% Poor | 12.99%Average 12.99% Average | 2.25Poor 2.3 Poor | 9.52%Good 9.52% Good | 13.02%Good 13.02% Good | 0.17% |
Tirupati Forge LimitedTirupati Forge ... TIRUPATIFL • | 56.2/100 | ₹69.25₹69 | ₹894.64₹894.64 | 79.60Average 79.6 Average | 5.24%Poor 5.24% Poor | 8.08%Poor 8.08% Poor | 0.26Excellent 0.3 Excellent | 74.08%Excellent 74.08% Excellent | 39.49%Excellent 39.49% Excellent | 0.00% |
Inv& PrecCastInv& PrecCast... INVPRECO • 504786 | 61.2/100 | ₹815.60₹816 | ₹821.96₹821.96 | 67.76Average 67.8 Average | 12.51%Average 12.51% Average | 14.39%Average 14.39% Average | 0.70Good 0.7 Good | 102.07%Excellent 102.07% Excellent | 12.48%Good 12.48% Good | 0.06% |
Neetu Yoshi LimitedNeetu Yoshi Lim... NEETUYOSHI • 544434 | 53.8/100 | ₹197.65₹198 | ₹767.13₹767.13 | 22.69Average 22.7 Average | 18.23%Good 18.23% Good | 22.97%Excellent 22.97% Excellent | 0.03Excellent 0.0 Excellent | — — | — — | 0.00% |
Magna Electro Castings LtdMagna Electro C... MAGNAELQ • 517449 | 51.1/100 | ₹1428.00₹1428 | ₹604.34₹604.34 | 38.85Average 38.9 Average | 13.47%Average 13.47% Average | 17.30%Good 17.30% Good | 0.10Excellent 0.1 Excellent | 29.05%Excellent 29.05% Excellent | 14.97%Good 14.97% Good | 0.50% |
Top Castings & Forgings Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Steelcast Limited share price327938600.00 Cr
- AIA Engineering Limited share price39005.17 Cr
- Balu Forge Industries Limited share price6547.88 Cr
- Amic Forging Ltd share price2634.29 Cr
- Nelcast Limited share price990.59 Cr
Happy Forgings Limited PE Ratio History
Historical price-to-earnings ratio for HAPPYFORGE — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹28.37 | ₹1149.10 | 40.5x |
| FY 2024 | ₹25.79 | ₹998.50 | 38.7x |
| FY 2023 | ₹22.15 | ₹1029.25 | 46.5x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Happy Forgings Limited Dividend History
Annual cash dividends paid by HAPPYFORGE — dividend yield 0.25%
| Financial Year | Dividends Paid (₹ Cr) |
|---|---|
| FY 2025 | ₹37.68 Cr |
| FY 2024 | ₹11.63 Cr |
Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.
Happy Forgings Limited Quarterly Performance
Latest quarterly metrics for HAPPYFORGE — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
27.03%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
39.24%
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
21.46%
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
28.18%
Compounded annual net profit growth over 5 years
Happy Forgings Limited Technical Indicators
SMA 50, SMA 200, RSI and volume signals for HAPPYFORGE — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Happy Forgings Limited Financial Statements
Annual income statement, balance sheet and cash flow for Happy Forgings Limited (HAPPYFORGE) — sourced from NSE/BSE filings.
Financial Results & Statements
Latest quarterly, annual and period-wise financial data for Happy Forgings Limited
About HAPPYFORGE (Happy Forgings Limited)
Happy Forgings Ltd is a prominent engineering entity specializing in the meticulous creation of high-precision forgings and machined components, catering to a global clientele. The... company distinguishes itself through its robust manufacturing infrastructure, capable of producing a diverse portfolio of products ranging from intricate automotive parts to heavy-duty industrial solutions. Utilizing advanced metallurgical techniques and stringent quality control processes, Happy Forgings ensures each component adheres to the highest industry standards, delivering exceptional durability and performance. Their commitment to innovation and continuous improvement positions them as a reliable partner for industries demanding superior forged solutions. The company's comprehensive product line underscores its versatility and engineering expertise. Key offerings include critical engine components like crankshafts and connecting rods, vital for internal combustion engines. They also manufacture robust transmission parts such as shafts, spindles, and crown wheels, ensuring smooth and efficient power transfer in various applications. Furthermore, Happy Forgings produces a range of safety-critical components, including front axle beams, steering knuckles, and brake flanges, essential for maintaining vehicle control and stability. This breadth of product offerings allows Happy Forgings to serve a diverse range of sectors, from automotive and railways to industrial machinery. Beyond automotive and railway applications, Happy Forgings extends its capabilities to support the renewable energy sector. They manufacture essential components for wind turbines, including planet carriers and other specialized parts crucial for the reliable operation of these power-generating systems. This diversification highlights the company's adaptability and commitment to meeting the evolving needs of various industries. By focusing on precision engineering and employing cutting-edge technologies, Happy Forgings solidifies its reputation as a leading provider of high-quality forgings and machined components, contributing to the efficiency and reliability of its customers' products worldwide.
Company Details
Key Leadership
HAPPYFORGE Share Price: Frequently Asked Questions
What is the current share price of Happy Forgings Limited?
Happy Forgings Limited (HAPPYFORGE) trades at ₹2155.90 on NSE and BSE. Market cap ₹20.35K (Cr). Educational data only.
What is the P/E ratio of Happy Forgings Limited?
Happy Forgings Limited has a P/E of 62.09x vs industry average 30.80x.
What is the Bull Run score for Happy Forgings Limited?
Happy Forgings Limited has a Bull Run score of 66/100 based on 25+ financial parameters.
Does Happy Forgings Limited pay dividends?
Happy Forgings Limited has a dividend yield of 0.25%. Past dividends don't guarantee future payments.
What is the ROE of Happy Forgings Limited?
Happy Forgings Limited has ROE of 0.00%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Happy Forgings Limited?
Happy Forgings Limited has debt-to-equity of 0.15.
Is Happy Forgings Limited a good investment?
Bull Run gives Happy Forgings Limited a score of 66/100. This is not investment advice — consult a SEBI-registered advisor.