HAPPYFORGE
Happy Forgings Limited (HAPPYFORGE) Stock Analysis
Happy Forgings Limited is an Indian manufacturer of forged components for automotive and industrial applications. It supplies crankshafts and precision forgings to OEM customers. The company operates modern forging plants. It is listed on Indian stock exchanges.
Industrials › Metal Fabrication
₹2,148.30
-0.95% 1W | +122.30% 52W
Market Cap
20.3k CR
P/E Ratio
61.9
52W High
₹2470
52W Low
₹888.8
Div. Yield
0.19%
Beta
0.8
50 DMA
₹1960.1
200 DMA
₹1440.4
Profit Margin
19.9%
Inst. Own.
16.4%
📊 CONSOLIDATION
📈 CONSOLIDATING UP
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 330 | 343 | 342 | 343 | 341 | 361 | 354 | 352 | 354 | 377 | 391 | 424 | 449 |
| Expenses | 230 | 249 | 247 | 246 | 244 | 256 | 253 | 250 | 253 | 262 | 271 | 291 | 309 |
| Operating Profit | 100 | 94 | 95 | 97 | 98 | 105 | 101 | 102 | 101 | 116 | 120 | 133 | 141 |
| OPM % | 30% | 27% | 28% | 28% | 29% | 29% | 29% | 29% | 29% | 31% | 31% | 31% | 31% |
| Other Income | 3 | 1 | 3 | 7 | 8 | 13 | 7 | 10 | 10 | 6 | 8 | 6 | 11 |
| Interest | 3 | 4 | 4 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 4 | 3 |
| Depreciation | 15 | 16 | 17 | 16 | 18 | 20 | 19 | 20 | 21 | 22 | 22 | 25 | 26 |
| Profit before tax | 85 | 74 | 78 | 87 | 86 | 97 | 87 | 90 | 89 | 99 | 104 | 111 | 123 |
| Tax % | 25% | 25% | 25% | 25% | 26% | 27% | 26% | 24% | 26% | 26% | 24% | 25% | 25% |
| Net Profit | 64 | 55 | 58 | 66 | 64 | 71 | 65 | 68 | 66 | 73 | 79 | 84 | 91 |
| EPS in Rs | 7.16 | 6.17 | 6.15 | 6.98 | 6.77 | 7.58 | 6.85 | 7.18 | 6.97 | 7.79 | 8.37 | 8.86 | 9.69 |
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 585 | 860 | 1,197 | 1,358 | 1,409 | 1,546 | 1,642 |
| Expenses | 426 | 629 | 856 | 971 | 1,002 | 1,076 | 1,132 |
| Operating Profit | 159 | 231 | 341 | 388 | 407 | 471 | 510 |
| OPM % | 27% | 27% | 28% | 29% | 29% | 30% | 31% |
| Other Income | 6 | 6 | 6 | 13 | 37 | 31 | 32 |
| Interest | 12 | 7 | 12 | 12 | 8 | 10 | 11 |
| Depreciation | 36 | 38 | 54 | 65 | 77 | 89 | 95 |
| Profit before tax | 117 | 192 | 280 | 324 | 360 | 402 | 436 |
| Tax % | 26% | 26% | 25% | 25% | 26% | 25% | |
| Net Profit | 86 | 142 | 209 | 243 | 267 | 302 | 327 |
| EPS in Rs | 965.92 | 15.90 | 23.32 | 25.79 | 28.38 | 31.97 | 34.71 |
| Dividend Payout % | 0% | 0% | 6% | 16% | 11% | 13% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 9.0% | 21.0% | – |
| Profit CAGR | 13.0% | 28.0% | – |
Shareholding Pattern
Promoters78.54%
FIIs2.17%
DIIs16.98%
Public2.31%
Promoters78.52%
FIIs2.03%
DIIs17.02%
Public2.45%
Promoters78.50%
FIIs1.84%
DIIs16.73%
Public2.94%
Promoters78.48%
FIIs1.73%
DIIs16.48%
Public3.30%
Promoters78.46%
FIIs1.88%
DIIs15.54%
Public4.12%
Promoters78.60%
FIIs1.12%
DIIs16.92%
Public3.35%
Promoters78.57%
FIIs2.19%
DIIs17.07%
Public2.18%
Promoters78.48%
FIIs1.73%
DIIs16.48%
Public3.30%
Promoters78.46%
FIIs1.88%
DIIs15.54%
Public4.12%
HAPPYFORGE
Holdings Analysis
Key strengths & risk signals
77
Overall
68
Fundamental
87
Technical
Risks (2)
OVERVALUED! PEG of 4.73 means expensive relative to growth rate.
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), -2.3% (1 month), 46.6% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (1960.1) is above 200-day average (1440.4) - positive signal.
EXCELLENT YEAR! Stock gained 122.3% in the last year.
BULLISH SENTIMENT! In last 30 days: 17 up days, 13 down days. Avg volume on up days: 161,887 vs down days: 69,516. Ratio: 2.33x
Fundamental & Technical Analysis
77Overall
68Fundamental
87Technical
Fundamental Breakdown
Growth Quality
19/30
Revenue CAGR: 9.8% (MODERATE, 8/15). Profit CAGR: 13.1% (GOOD, 11/15).
Profit Margin
6/10
GOOD EFFICIENCY! 19.9% profit margin - above average profitability.
PEG Valuation
0/10
OVERVALUED! PEG of 4.73 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.19% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.12 - excellent financial health.
Public Holding
20/20
VERY LESS PUBLIC HOLDING! 13.5% public ownership - strong promoter/institutional control.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (1960.1) is above 200-day average (1440.4) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (2148.3) is above both moving averages.
Trend Pattern
14/20
Current trend: CONSOLIDATING UP
52W Performance
10/10
EXCELLENT YEAR! Stock gained 122.3% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 17 up days, 13 down days. Avg volume on up days: 161,887 vs down days: 69,516. Ratio: 2.33x
RSI
3/5
NEUTRAL! RSI at 54.0 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 79.7% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -0.9% (1 week), -2.3% (1 month), 46.6% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.80 - slightly less volatile than market.
HAPPYFORGE
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-11 | Concall PDF | |
| Q4FY262026-05-28 | Concall PDF | |
| Q3FY262026-02-16 | Concall PDF | |
| Q2FY262025-11-13 | Concall PDF |
Peer Comparison
Industrials · Metal Fabrication · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAPPYFORGE | ₹2,148.30 | 61.9 | 19.9% | 9.8% | 13.1% | +122.3% | 77 | CONSOLIDATING UP | +39.3% | +9.4% | +27.0% | +6.0% |
| PTCIL | ₹22,805.00 | 271.9 | 18.0% | 40.7% | 57.9% | +50.6% | 82 | BREAKOUT | +461.5% | -51.3% | +97.5% | -14.9% |
| BHARATFORG | ₹1,962.10 | 133.5 | 4.0% | 9.7% | 26.9% | +48.1% | 61 | APPROACHING SUPPORT | -131.6% | -138.6% | +18.7% | +2.5% |
| RKFORGE | ₹724.10 | 123.6 | 2.4% | 10.5% | -33.9% | +24.5% | 66 | BREAKDOWN | +297.5% | -16.1% | +19.8% | 0.0% |
| GRAVITA | ₹1,598.40 | 29.9 | 8.3% | 14.9% | 23.5% | -3.0% | 67 | BREAKDOWN | +14.0% | +15.8% | +41.9% | +25.8% |
| KIRLFER | ₹480.60 | 22.6 | 5.1% | 4.6% | 5.1% | +4.9% | 50 | BREAKOUT | -65.4% | -33.1% | +4.3% | -2.5% |
| RHIM | ₹368.70 | – | -8.7% | 13.9% | – | -24.9% | 43 | BREAKDOWN | +83.0% | -112.5% | +5.6% | +8.8% |
| AEROFLEX | ₹510.90 | 99.2 | 13.4% | 17.2% | 22.6% | +154.2% | 74 | CONSOLIDATING UP | +161.1% | +6.8% | +72.5% | +15.6% |
Data from TradeAlone · Updated daily
