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Happy Forging Limited (HAPPYFORGE) Price & Analysis

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HAPPYFORGE Stock Chart & Stats

₹1614.10

₹35.20(2.18%)

At close: Jul 27 4:00 PM EDT

₹1614.10

₹35.20(2.18%)

Day’s Range― - ―

52-Week Range₹870.00 - ₹2,104.90

Previous CloseN/A

Volume69.76K

Average Volume (3M)1.78K

Market Cap

₹197.24B

Enterprise Value₹108.54K

Total Cash (Recent Filing)₹2.90B

Total Debt (Recent Filing)₹3.30B

Price to Earnings (P/E)60.2

Beta0.96

Next Earnings

Nov 05, 2026

EPS Estimate

9.6

Next Dividend Ex-DateN/A

Dividend Yield0.19%

Share Statistics

EPS (TTM)31.99

Shares Outstanding94,378,730

10 Day Avg. Volume1,850

30 Day Avg. Volume1,780

Financial Highlights & Ratios

PEG Ratio2.85

Price to Book (P/B)5.12

Price to Sales (P/S)7.05

P/FCF Ratio10.00K

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)41.43

Revenue Forecast (FY)₹19.06B

Bulls Say, Bears Say

Bulls Say

Revenue Scaling & ProfitabilitySustained multi-year revenue growth with healthy operating and net margins indicates durable demand and improving market position. A larger revenue base creates scale economies, supports reinvestment and product development, and underpins long-term earnings resilience even amid cyclical headwinds.

Conservative Balance SheetLow-to-moderate leverage and an expanding equity base provide financial flexibility for capex, acquisitions or downturns. Manageable debt levels reduce default risk and interest burden, enabling the firm to fund growth internally or absorb shocks without undermining strategic investments.

Improved Operating Cash GenerationOperating cash flow alignment with earnings supports profit quality and indicates core operations convert to cash reliably. This enables funding of working capital and ongoing reinvestment without immediate reliance on external financing, strengthening medium-term operational sustainability.

Bears Say

Volatile Free Cash FlowInconsistent FCF conversion reduces predictable cash available for dividends, buybacks or debt reduction. Fluctuations imply heavy reinvestment, working-capital swings or lumpy capex, increasing financing uncertainty and limiting the company's ability to steadily return capital or deleverage over time.

Margin Compression In 2026Widening cost pressure or adverse mix that compresses margins can erode the durability of profitability. If persistent, reduced margins will require higher revenue growth to sustain returns, constrain free cash generation, and may signal structural cost or pricing challenges in the fabrications market.

ROE Trend & Rising Debt In 2026Declining ROE from rapid equity growth dilutes shareholder returns and suggests capital allocation hasn’t boosted earnings proportionally. A rise in debt, though manageable, combined with lower ROE raises the risk that financing mix and capital deployment may not yet be optimizing long-term shareholder value.

Happy Forging Limited News

Happy Forgings Schedules Q1 FY27 Earnings Call with Investors

An update from Happy Forging Limited ( ($IN:HAPPYFORGE) ) is now available. Happy Forgings Limited has scheduled an...

19d ago

Happy Forgings Publishes Notices for Virtual AGM and Email Update Facilities

Happy Forging Limited ( ($IN:HAPPYFORGE) ) has shared an announcement. Happy Forgings Limited has notified the stock exchanges...

2M ago

Happy Forgings Sets AGM Date and Record Date for Final Dividend

Happy Forging Limited ( ($IN:HAPPYFORGE) ) has provided an update. Happy Forgings Limited has scheduled its 47th Annual...

3M ago

Happy Forgings Limited to Attend Investor Conference in Mumbai

Happy Forging Limited ( ($IN:HAPPYFORGE) ) has issued an announcement. Happy Forgings Limited has announced its participation in...

8M ago

Happy Forgings Limited Allots Shares to Employees

Happy Forging Limited ( ($IN:HAPPYFORGE) ) has provided an announcement. Happy Forgings Limited has announced the allotment of...

9M ago

Happy Forgings Corrects Financial Results Intimation

Happy Forging Limited ( ($IN:HAPPYFORGE) ) just unveiled an announcement. Happy Forgings Limited issued a corrigendum to correct...

10M ago

Happy Forgings Limited to Participate in Mumbai Investor Roadshow

Happy Forging Limited ( ($IN:HAPPYFORGE) ) just unveiled an update. Happy Forgings Limited has announced its participation in...

11M ago

Happy Forgings Limited Launches ‘Saksham Niveshak’ Campaign

Happy Forging Limited ( ($IN:HAPPYFORGE) ) just unveiled an update. Happy Forgings Limited has announced the launch of...

12M ago

Happy Forgings Limited Releases Q1 FY2026 Monitoring Agency Report

Happy Forging Limited ( ($IN:HAPPYFORGE) ) has shared an update. Happy Forgings Limited has released the Monitoring Agency...

1y ago

Happy Forgings Limited to Engage with Investors at Upcoming Conference

The latest update is out from Happy Forging Limited ( ($IN:HAPPYFORGE) ). Happy Forgings Limited has announced its...

1y ago

HAPPYFORGE FAQ

What was Happy Forging Limited’s price range in the past 12 months?

Happy Forging Limited lowest stock price was ₹870.00 and its highest was ₹2104.90 in the past 12 months.

What is Happy Forging Limited’s market cap?

Happy Forging Limited’s market cap is ₹197.24B.

When is Happy Forging Limited’s upcoming earnings report date?

Happy Forging Limited’s upcoming earnings report date is Nov 05, 2026 which is in 81 days.

How were Happy Forging Limited’s earnings last quarter?

Happy Forging Limited released its earnings results on Aug 04, 2026. The company reported ₹9.7 earnings per share for the quarter, beating the consensus estimate of ₹8.9 by ₹0.8.

Is Happy Forging Limited overvalued?

According to Wall Street analysts Happy Forging Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Happy Forging Limited pay dividends?

Happy Forging Limited pays a Annually dividend of ₹4 which represents an annual dividend yield of 0.19%. See more information on Happy Forging Limited dividends here

What is Happy Forging Limited’s EPS estimate?

Happy Forging Limited’s EPS estimate is 9.6.

How many shares outstanding does Happy Forging Limited have?

Happy Forging Limited has 94,378,730 shares outstanding.

What happened to Happy Forging Limited’s price movement after its last earnings report?

Happy Forging Limited reported an EPS of ₹9.7 in its last earnings report, beating expectations of ₹8.9. Following the earnings report the stock price went up 0.5%.

Which hedge fund is a major shareholder of Happy Forging Limited?

Currently, no hedge funds are holding shares in IN:HAPPYFORGE

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Happy Forging Limited

Established in Ludhiana, India, in 1979, Happy Forgings Limited is an Indian company dedicated to the manufacturing of diverse forged and precision-machined components. Its extensive product range encompasses a wide array of heavy-duty parts, including crucial engine and transmission components like crankshafts, connecting rods, and differential cases, as well as chassis elements such as front axle beams and steering knuckles. The company's offerings also span other specialized items, from bicycle pedals to intricate valve bodies. Happy Forgings serves a broad spectrum of industries, supplying its essential products to manufacturers of heavy commercial vehicles, agricultural machinery, and off-highway and industrial equipment. Furthermore, its components are integral to machinery utilized in demanding sectors such as oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. Demonstrating a global reach, Happy Forgings also exports its manufactured goods to numerous international markets, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States.