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Happy Forging Limited (HAPPYFORGE) Price & Analysis

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HAPPYFORGE Stock Chart & Stats

₹1386.00

-₹7.55(-0.75%)

At close: Jan 09 4:00 PM EST

₹1386.00

-₹7.55(-0.75%)

Day’s Range― - ―

52-Week Range₹870.00 - ₹1,638.00

Previous CloseN/A

Volume15.60K

Average Volume (3M)1.78K

Market Cap

₹150.18B

Enterprise Value₹137.80B

Total Cash (Recent Filing)₹2.90B

Total Debt (Recent Filing)₹3.30B

Price to Earnings (P/E)50.3

Beta1.00

Next Earnings

Aug 07, 2026

EPS Estimate

8.9

Next Dividend Ex-DateN/A

Dividend Yield0.25%

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)39.2

Revenue Forecast (FY)₹18.61B

Bulls Say, Bears Say

Bulls Say

Multi-year Revenue GrowthConsistent multi-year revenue scaling, including a clear acceleration in 2026 (~16.7% top-line growth), indicates durable market demand and successful capacity or product expansion. This underpins medium-term cash generation potential, supports reinvestment and strengthens competitive positioning.

Sustained ProfitabilitySustained healthy operating and net margins reflect effective cost control and pricing power within metal fabrication. Even with some 2026 compression, this profit track record supports long-term earnings quality, enabling reinvestment, debt servicing and potential shareholder distributions if margins stabilize.

Conservative Balance SheetLow-to-moderate leverage and an expanding equity base deliver financial flexibility for capex, working capital and downturns. Manageable debt levels reduce solvency risk and allow the company to pursue strategic investments or opportunistic M&A without materially jeopardizing liquidity over the medium term.

Bears Say

Volatile Free Cash FlowHigh variability in free cash flow—negative in several years and near breakeven in 2026 despite operating cash roughly matching earnings—constrains ability to consistently fund dividends, reduce debt or finance strategic initiatives internally, increasing reliance on external financing.

Margin CompressionMargin contraction in 2026 despite revenue growth suggests rising input costs, adverse mix, or operational inefficiencies. If these are structural rather than temporary, they can erode earnings power, limit the firm's ability to self-fund growth and weaken long-term return metrics.

ROE Pressure And Rising DebtDeclining ROE driven by rapid equity expansion weakens return on invested capital and signals potential dilution of shareholder value. The recent uptick in debt versus prior years raises leverage risk and could constrain flexibility if earnings do not reaccelerate to justify the higher capital base.

Happy Forging Limited News

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...

27d 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...

2M 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...

7M 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...

8M ago

Happy Forgings Corrects Financial Results Intimation

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

9M 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...

10M 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...

11M 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...

12M 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 ₹1638.00 in the past 12 months.

What is Happy Forging Limited’s market cap?

Happy Forging Limited’s market cap is ₹150.18B.

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

Happy Forging Limited’s upcoming earnings report date is Aug 07, 2026 which is in 17 days.

How were Happy Forging Limited’s earnings last quarter?

Happy Forging Limited released its earnings results on May 21, 2026. The company reported ₹8.9 earnings per share for the quarter, beating the consensus estimate of ₹8.2 by ₹0.7.

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 Notavailable dividend of ₹4 which represents an annual dividend yield of 0.25%. See more information on Happy Forging Limited dividends here

What is Happy Forging Limited’s EPS estimate?

Happy Forging Limited’s EPS estimate is 8.9.

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 ₹8.9 in its last earnings report, beating expectations of ₹8.2. Following the earnings report the stock price went up 5.125%.

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.