Happy Forgings Ltd
Fundamental Score
Happy Forgings Ltd Share Price Live NSE/BSE
Profitability Metrics
Return on Equity
Return on Capital Employed
Operating Profit Margin (5Y)
Dividend Yield
Valuation Metrics
Price to Earnings
Market Capitalization
Industry P/E
Growth Metrics
YoY Quarterly Profit Growth
YoY Quarterly Sales Growth
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Financial Health
Debt to Equity
Interest Coverage
Free Cash Flow (5Y)
Ownership Structure
Promoter Holding
FII Holding
DII Holding
Pledged Percentage
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Market Data Analysis & Educational Insights
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. This indicates quality business fundamentals.
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. This indicates sustainable profitability potential.
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 and market opportunity execution over time.
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 and effective operational leverage over time.
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 and flexibility for growth investments.
Strong Interest Coverage (42.38x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk and strong debt servicing capability.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral, reducing forced-selling risk.
Analysis: Absence of share pledging eliminates potential forced-selling pressure during market stress.
Risk Factors
3 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. Consider growth catalysts and competitive positioning.
Negative Free Cash Flow (₹-109.61 Cr over 5Y)
Observation: Cash outflows exceed inflows, indicating capital intensity or working capital issues.
Analysis: Negative FCF requires analysis of capital expenditure cycle and working capital management efficiency.
High P/E Ratio
Observation: Stock may be overvalued relative to earnings.
Analysis: P/E above 30 requires strong growth execution to justify current valuations.
Financial Statements
Comprehensive financial data for Happy Forgings Ltd
About HAPPYFORGE
Business Overview
Happy Forgings Limited manufactures and sells forgings and related components in India and internationally. The company offers crankshafts; differential cases; front axle beams and steering knuckles; railway parts, including camshafts, connecting rods, piston pins, spacers, and others; brake flanges and suspension brackets; transmission parts, such as shafts and spindles, crown wheels and pinions, rings, and connecting rods. It also offers windmill application products, including planet carrier, pinion shaft, and housing; oil and gas component, such as valve body; and bicycle pedals. It serves the original equipment manufacturers, manufacturers of commercial and passenger vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, power generation, railways, and wind turbine industries. Happy Forgings Limited was incorporated in 1979 and is based in Ludhiana, India.
Company Details
Key Leadership
Corporate Events
HAPPYFORGE Stock Details & Analysis
Key Financial Metrics
Growth & Valuation
Frequently Asked Questions
What is the current price of Happy Forgings Ltd (HAPPYFORGE)?
As of 06 Feb 2026, 10:04 am IST, Happy Forgings Ltd (HAPPYFORGE) is currently trading at ₹1095.30. The stock has a market capitalization of ₹9.93K (Cr).
Is HAPPYFORGE share price Overvalued or Undervalued?
HAPPYFORGE 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 stock appears to be Overvalued against its sector peers.
What factors affect the Happy Forgings Ltd share price?
Key factors influencing HAPPYFORGE's price include its 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.
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's P/E of 36.60x and ROE of 15.46% against the industry averages to determine its competitive standing.
What is the P/E ratio of HAPPYFORGE and what does it mean?
HAPPYFORGE has a P/E ratio of 36.60x compared to the industry average of 28.08x. The Price-to-Earnings (P/E) ratio is calculated by dividing the current share price by earnings per share (EPS). This means investors are paying ₹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, which indicates moderate strength with some areas for improvement. This comprehensive rating is based on 15+ financial parameters including profitability, growth metrics, and valuation ratios.
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.
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 and profitable operations. Return on Equity measures how efficiently Happy Forgings Ltd generates profits from shareholders' equity.
How is HAPPYFORGE's 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. A ratio below 1.0 generally indicates conservative financing.
What is HAPPYFORGE's dividend yield and is it a good dividend stock?
HAPPYFORGE offers a dividend yield of 0.29%, which means you receive ₹0.29 annual dividend for every ₹100 invested.
How has HAPPYFORGE 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% of promoter shares pledged. High promoter holding often indicates strong management confidence.
What is HAPPYFORGE's market capitalization category?
HAPPYFORGE has a market capitalization 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 stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is the 52-week high and low for HAPPYFORGE?
HAPPYFORGE has a 52-week high of ₹N/A and low of ₹N/A.
What is HAPPYFORGE's 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's quarterly performance?
Recent quarterly performance shows 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 stock.