Happy Forgings Limited

Happy Forgings Limited (HAPPYFORGE) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Castings & Forgings

happyforgingsltd.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-09-03

Stock price
₹2294.40
Market cap
21,634 Cr
Stock P/E
65.0
P/B
10.17
Dividend yield
0.1%

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Share price

NSE closing price from historical market data.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales343 Cr341 Cr361 Cr354 Cr352 Cr354 Cr377 Cr391 Cr424 Cr449 Cr
Operating expenses (approx.)246 Cr244 Cr256 Cr253 Cr250 Cr253 Cr262 Cr271 Cr290 Cr309 Cr
EBITDA97 Cr98 Cr105 Cr101 Cr102 Cr101 Cr116 Cr120 Cr133 Cr141 Cr
OPM %28.3%28.6%29.2%28.6%29.1%28.6%30.7%30.8%31.5%31.3%
Other income7 Cr8 Cr13 Cr7 Cr10 Cr10 Cr6 Cr8 Cr6 Cr11 Cr
Interest0.86 Cr1 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr4 Cr3 Cr
Depreciation16 Cr18 Cr20 Cr19 Cr20 Cr21 Cr22 Cr22 Cr25 Cr26 Cr
Profit before tax87 Cr86 Cr97 Cr87 Cr90 Cr89 Cr99 Cr104 Cr111 Cr123 Cr
Tax %24.8%25.7%26.6%25.7%24.5%25.9%25.5%23.9%24.8%25.4%
Net profit66 Cr64 Cr71 Cr65 Cr68 Cr66 Cr73 Cr79 Cr84 Cr91 Cr
EPS (₹)₹7.25₹6.77₹7.58₹6.85₹7.18₹6.97₹7.79₹8.37₹8.86₹9.70

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2024Mar 2025Mar 2026TTM
Sales1,358 Cr1,409 Cr1,546 CrSign in for TTM
Operating expenses (approx.)971 Cr1,002 Cr1,076 CrSign in for TTM
EBITDA388 Cr407 Cr471 CrSign in for TTM
OPM %28.5%28.9%30.4%Sign in for TTM
Other income13 Cr37 Cr31 CrSign in for TTM
Interest12 Cr8 Cr10 CrSign in for TTM
Depreciation65 Cr77 Cr89 CrSign in for TTM
Profit before tax324 Cr360 Cr402 CrSign in for TTM
Tax %25.1%25.6%25.0%Sign in for TTM
Net profit243 Cr267 Cr302 CrSign in for TTM
EPS (₹)₹26.78₹28.39₹31.99Sign in for TTM
Dividend payout %4.8%14.1%9.4%Sign in for TTM
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Trailing twelve months totals and margin rows

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr
Reserves1,594 Cr1,831 Cr2,109 Cr
Borrowings143 Cr228 Cr330 Cr
Other liabilities130 Cr138 Cr175 Cr
Total liabilities1,886 Cr2,215 Cr2,633 Cr
Fixed assets (net)742 Cr900 Cr1,097 Cr
CWIP122 Cr116 Cr229 Cr
Investments0 Cr80 Cr237 Cr
Loans & advances0.24 Cr0.33 Cr0.19 Cr
Inventories224 Cr232 Cr233 Cr
Trade receivables357 Cr427 Cr395 Cr
Cash & bank0.64 Cr13 Cr26 Cr
Other assets440 Cr447 Cr416 Cr
Total assets1,886 Cr2,215 Cr2,633 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2024Mar 2025Mar 2026
Cash from operating activity189 Cr292 Cr445 Cr
Cash from investing-469 Cr-320 Cr-497 Cr
Cash from financing281 Cr40 Cr65 Cr
Net cash flow0.63 Cr12 Cr13 Cr
Free cash flow (OCF − Capex)-5 Cr11 Cr-17 Cr

Ratios

Ratios as reported or derived per annual period.

MetricMar 2024Mar 2025Mar 2026
ROCE %19.1%17.7%16.8%
ROE %15.1%0.0%0.0%
Debtor days9611093
Inventory days130140140
Days payable322736
Cash conversion cycle194223197
Debt / equity0.090.120.15
Current ratio3.072.812.35
Net debt / EBITDA0.370.530.65

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