Happy Forgings Ltd Stock Price Today (NSE: HAPPYFORGE)
Fundamental Score
Happy Forgings Ltd Share Price Live NSE/BSE & Institutional Fundamental Analysis
Happy Forgings Ltd share price today is ₹1268.90, up +0.00% on NSE/BSE as of 18 February 2026. Happy Forgings Ltd (HAPPYFORGE) is a Mid-cap company in the Castings & Forgings sector with a market capitalisation of ₹9.93K (Cr). The 52-week high for HAPPYFORGE share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 36.60x, HAPPYFORGE is currently trading above its industry average P/E of 28.08x. The company has a Return on Equity (ROE) of 15.46% and a debt-to-equity ratio of 0.10.
Happy Forgings Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Happy Forgings Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Happy Forgings Share Price: Financial Analysis & Industry Dominance
The Castings & Forgings industry, traditionally reliant on cyclical sectors like automotive and heavy engineering, is undergoing a transformation driven by demand for lighter, stronger, and more specialized components. Against this backdrop, understanding the dynamics influencing Happy Forgings share price is crucial for investors. Currently trading at ₹1095.30, with a PE ratio of 36.6, Happy Forgings Ltd presents an interesting case study in a competitive landscape. This analysis offers an observational assessment of their financial position within that landscape, part of an 80-parameter fundamental audit verified by Sweta Mishra.
A key metric in assessing Happy Forgings' competitive strength is its Return on Capital Employed (ROCE) of 19.17%. This indicates the efficiency with which the company generates profits from its capital. A consistently high ROCE, such as this, can contribute significantly to building a strong economic moat, allowing Happy Forgings to sustain profitability and potentially outpace its peers. This is a noteworthy achievement.
When comparing Happy Forgings to sector peers, such as
Ganga Forging Ltd, aspects of management quality are revealed through a number of factors including capital allocation decisions, operational efficiency, and strategic vision. Observing the management effectiveness provides insights into the long-term sustainability and potential for growth of Happy Forgings relative to its competition, including Ganga Forging Ltd, Steelcast Ltd and Gujarat Intrux Ltd. We can examine this through factors like employee retention, history of acquisitions, and overall brand perception.Happy Forgings' current valuation, represented by its PE ratio, should be considered alongside its ROCE and peer performance. A thorough examination of these factors, including revenue growth, debt levels, and cash flow generation, provides a more comprehensive perspective on the factors shaping the current and potential future value of Happy Forgings share price. This analysis offers an observational perspective and does not constitute investment advice.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Happy Forgings Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of HAPPYFORGE across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Return on Equity (15.46%)
Observation: Efficient use of shareholders' capital generating superior returns.
Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.
Excellent ROCE Performance (19.17%)
Observation: Superior returns on capital employed across business operations.
Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.
Strong Operating Margins (28.19%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Consistent Growth Track Record (20.35% CAGR)
Observation: Strong 5-year sales compound annual growth rate.
Analysis: Consistent sales CAGR >12% demonstrates sustainable growth model.
Strong Profit Growth Track Record (27.44% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.10)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (42.38x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
2 factors identified
Weak Earnings Growth (-49.79% CAGR)
Observation: Below-average 5-year EPS growth performance.
Analysis: Low EPS growth may not keep pace with inflation.
Negative Free Cash Flow (₹-109.61 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Happy Forgings Ltd Financial Statements
Comprehensive financial data for Happy Forgings Ltd including income statement, balance sheet and cash flow
About HAPPYFORGE (Happy Forgings Ltd)
Happy Forgings Ltd (HAPPYFORGE) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Castings & Forgings sector with a current market capitalisation of ₹9.93K (Cr). Happy Forgings Ltd has delivered a Return on Equity (ROE) of 15.46% and a ROCE of 19.17%. The debt-to-equity ratio stands at 0.10, reflecting the company's capital structure. Investors tracking HAPPYFORGE share price can monitor key metrics including P/E ratio, promoter holding of 78.52%, and quarterly earnings growth.
Company Details
Key Leadership
Corporate Events
HAPPYFORGE Share Price: Frequently Asked Questions
What is the current share price of Happy Forgings Ltd (HAPPYFORGE)?
As of 18 Feb 2026, 10:40 am IST, Happy Forgings Ltd share price is ₹1268.90. The HAPPYFORGE stock has a market capitalisation of ₹9.93K (Cr) on NSE/BSE.
Is HAPPYFORGE share price Overvalued or Undervalued?
HAPPYFORGE share price is currently trading at a P/E ratio of 36.60x, compared to the industry average of 28.08x. Based on this relative valuation, the Happy Forgings Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of HAPPYFORGE share price?
The 52-week high of HAPPYFORGE share price is ₹N/A and the 52-week low is ₹N/A.
What factors affect the Happy Forgings Ltd share price?
Key factors influencing HAPPYFORGE share price include quarterly earnings growth (Sales Growth: 4.50%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Happy Forgings Ltd a good stock for long-term investment?
Happy Forgings Ltd shows a 5-year Profit Growth of 27.44% and an ROE of 15.46%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.10 before investing in HAPPYFORGE shares.
How does Happy Forgings Ltd compare with its industry peers?
Happy Forgings Ltd competes with major peers in the Castings & Forgings. Investors should compare HAPPYFORGE share price P/E of 36.60x and ROE of 15.46% against the industry averages to determine competitive standing.
What is the P/E ratio of HAPPYFORGE and what does it mean?
HAPPYFORGE share price has a P/E ratio of 36.60x compared to the industry average of 28.08x. Investors pay ₹37 for every ₹1 of annual earnings.
How is HAPPYFORGE performing according to Bull Run's analysis?
HAPPYFORGE has a Bull Run fundamental score of 51.8/100, indicating moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does HAPPYFORGE belong to?
HAPPYFORGE operates in the Castings & Forgings industry. This classification helps understand the competitive landscape and sector-specific trends affecting Happy Forgings Ltd share price.
What is Return on Equity (ROE) and why is it important for HAPPYFORGE?
HAPPYFORGE has an ROE of 15.46%, which indicates excellent management efficiency. ROE measures how efficiently Happy Forgings Ltd generates profits from shareholders capital.
How is HAPPYFORGE debt-to-equity ratio and what does it indicate?
HAPPYFORGE has a debt-to-equity ratio of 0.10, which indicates conservative financing with low financial risk.
What is HAPPYFORGE dividend yield and is it a good dividend stock?
HAPPYFORGE offers a dividend yield of 0.29%, meaning you receive ₹0.29 annual dividend for every ₹100 invested in Happy Forgings Ltd shares.
How has HAPPYFORGE share price grown over the past 5 years?
HAPPYFORGE has achieved 5-year growth rates of: Sales Growth 20.35%, Profit Growth 27.44%, and EPS Growth -49.79%.
What is the promoter holding in HAPPYFORGE and why does it matter?
Promoters hold 78.52% of HAPPYFORGE shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Happy Forgings Ltd.
What is HAPPYFORGE market capitalisation category?
HAPPYFORGE has a market capitalisation of ₹9935 crores, placing it in the Mid-cap category.
How volatile is HAPPYFORGE stock?
HAPPYFORGE has a beta of N/A. A beta > 1 suggests the Happy Forgings Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is HAPPYFORGE operating profit margin trend?
HAPPYFORGE has a 5-year average Operating Profit Margin (OPM) of 28.19%, indicating the company's operational efficiency.
How is HAPPYFORGE quarterly performance?
Recent quarterly performance shows Happy Forgings Ltd YoY Sales Growth of 4.50% and YoY Profit Growth of 2.81%.
What is the institutional holding pattern in HAPPYFORGE?
HAPPYFORGE has FII holding of 2.03% and DII holding of 17.02%. Significant institutional holding often suggests professional confidence in the Happy Forgings Ltd stock.