HAPPY FORGINGS LIMITED·FORGING & CASTING 67.46·Industrial Products Companies

2026-08-21 NSE BSE Web 10% → 5%

Price

2,211.8

-5%
O:2318.1
H:2318.1
L:2211.8
C:2211.8

52W Range

862.052340
+157%/-5%

Market Cap

₹20,868.43 Cr

Traded: ₹20.33 Cr (0.10%) 0.0x

Free Float: ₹859.78 Cr (2.36% of FF traded)

Volume · 60D trend

91.08 K 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+34% 3M:+51% 6M:+65% 12M:+106%

Valuation

P/E63.7
P/B9.8
P/S12.7
EV/EBIT443066560.3

Business Strength

ROE15.0%
ROCE18.0%
OPM30.5%
NPM19.5%

Growth (3Y CAGR)

EPS+12.7%
Sales+9.0%
Profit+13.0%
3Y Return--

Balance Sheet

Debt/Equity0.2
Debt330 Cr
Pledge0.0%
CWIP/Fixed Asset21.4%

Cash Position

CFO/NP147.3%
FCF-16.3 Cr
FCF 3Y Avg-9.22 Cr
Cash/MCap1.0%

Others

Div Yield0.2%
Div Payout13.0%
Cash Conv. Cycle193 days
Tradeable Free Float4.1%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 36.74 Cr
4.27% FF
60d high
₹ 37.92 Cr
60d low
₹ 27.01 Cr
60d mean
₹ 30.37 Cr
vs mean
▲ 20.98%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
Sales
--
+21.0%
+9.0%
--
+16.0%
Stable
ROE
--
+18.0%
+16.0%
--
--
Decelerating
Return
--
--
--
+79.0%
--
--
Profit
--
+28.0%
+13.0%
--
+22.0%
Stable

Quarterly Results

Jun 2026

4 Aug
Rev
449 Cr
+27% YoY+6% QoQ
OPM31.0%
NPM20.3%
PAT
--91 Cr
EPS
+39% YoY9.7

Mar 2026

21 May
Rev
424 Cr
+20% YoY+8% QoQ
OPM31.0%
NPM19.8%
PAT
+24% YoY84 Cr
EPS
+23% YoY8.9

Dec 2025

9 Feb
Rev
391 Cr
+10% YoY+4% QoQ
OPM31.0%
NPM20.2%
PAT
+22% YoY79 Cr
EPS
+22% YoY8.4

Sep 2025

PDF
Rev
377 Cr
+4% YoY+7% QoQ
OPM31.0%
NPM19.4%
PAT
+3% YoY73 Cr
EPS
+3% YoY7.8

Jun 2025

PDF
Rev
354 Cr
+4% YoY+1% QoQ
OPM29.0%
NPM18.6%
PAT
+3% YoY66 Cr
EPS
+3% YoY7.0

Mar 2025

PDF
Rev
352 Cr
+3% YoY-1% QoQ
OPM29.0%
NPM19.3%
PAT
+3% YoY68 Cr
EPS
+3% YoY7.2

Dec 2024

PDF
Rev
354 Cr
+4% YoY-2% QoQ
OPM29.0%
NPM18.4%
PAT
+11% YoY65 Cr
EPS
+11% YoY6.8

Sep 2024

PDF
Rev
361 Cr
+5% YoY+6% QoQ
OPM29.0%
NPM19.7%
PAT
+29% YoY71 Cr
EPS
+23% YoY7.6

Jun 2024

PDF
Rev
341 Cr
+3% YoY-1% QoQ
OPM29.0%
NPM18.8%
PAT
+0% YoY64 Cr
EPS
-5% YoY6.8

Mar 2024

PDF
Rev
343 Cr
+14% YoY+0% QoQ
OPM28.0%
NPM19.2%
PAT
+30% YoY66 Cr
EPS
+23% YoY7.0

Dec 2023

PDF
Rev
342 Cr
---0% QoQ
OPM28.0%
NPM17.0%
PAT
--58 Cr
EPS
--6.2

Sep 2023

Rev
343 Cr
--+4% QoQ
OPM27.0%
NPM16.0%
PAT
--55 Cr
EPS
--6.2

Jun 2023

Rev
330 Cr
--+9% QoQ
OPM30.0%
NPM19.4%
PAT
--64 Cr
EPS
--7.2

Mar 2023

Rev
302 Cr
----
OPM28.0%
NPM16.9%
PAT
--51 Cr
EPS
--5.7

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.16
Interest Coverage20.5x
Promoter Pledge0.0%
Borrowings330 Cr

Efficiency

Receivable Days93 days
Inventory Days134 days
Payable Days34 days
Cash Conversion cycle193 days

Cash Position

Operating Cash Flow445 Cr
Investing Cash Flow-497 Cr
Financing Cash Flow65 Cr
Free Cash Flow-16 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025PDF ↗
Dec 2024PDF ↗
Sep 2024PDF ↗
Jun 2024PDF ↗
Mar 2024PDF ↗
Dec 2023PDF ↗
Sep 2023
Jun 2023
Mar 2023
Sales449424391377354352354361341343342343330302
Expenses309291271262253250253256244246247249230217
Operating Profit1411331201161011021011059897959410086
OPM %31.0%31.0%31.0%31.0%29.0%29.0%29.0%29.0%29.0%28.0%28.0%27.0%30.0%28.0%
Other Income116861010713873132
Interest34222222114435
Depreciation2625222221201920181617161514
Profit Before Tax1231111049989908797868778748568
Tax %25.0%25.0%24.0%26.0%26.0%24.0%26.0%27.0%26.0%25.0%25.0%25.0%25.0%25.0%
Net Profit9184797366686571646658556451
Exceptional Items----------------------------
EPS (Rs)9.78.98.47.87.07.26.87.66.87.06.26.27.25.7
Sales Growth (YoY)26.8%20.4%10.4%4.4%3.8%2.6%3.5%5.3%3.3%13.6%--------
Sales Growth (QoQ)5.9%8.4%3.7%6.5%0.6%-0.6%-1.9%5.9%-0.6%0.3%-0.3%3.9%9.3%--
OP Growth (YoY)39.6%30.4%18.8%10.5%3.1%5.2%6.3%11.7%-2.0%12.8%--------
OP Growth (QoQ)6.0%10.8%3.4%14.9%-1.0%1.0%-3.8%7.1%1.0%2.1%1.1%-6.0%16.3%--
Profit Growth (YoY)--24.0%22.0%3.0%3.0%3.0%11.0%29.0%0.0%30.0%--------
EPS Growth (YoY)39.0%23.4%22.2%2.8%3.0%2.9%11.4%22.9%-5.5%23.3%--------
EPS Growth (QoQ)9.4%5.8%7.5%11.8%-2.9%4.8%-9.6%12.0%-3.0%13.5%-0.3%-13.8%26.5%--
OP Margin31.4%31.4%30.7%30.8%28.5%29.0%28.5%29.1%28.7%28.3%27.8%27.4%30.3%28.5%
Net Margin20.3%19.8%20.2%19.4%18.6%19.3%18.4%19.7%18.8%19.2%17.0%16.0%19.4%16.9%
Material Cost %--40.6%41.1%39.7%42.1%41.4%42.0%41.2%43.5%43.5%44.5%44.7%43.0%45.1%
Employee Cost %--8.6%8.8%8.9%9.1%9.2%9.3%8.5%8.5%8.6%9.0%8.5%7.5%8.1%
P/S12.7210.379.288.75--------------------
P/E63.7253.1247.8446.33--------------------
P/B9.817.536.986.42--------------------

Shareholding Pattern

Shareholders:64.3K (-52.3%)
Current MixJun 2026

Exchange Filings

50
Company Update11 Aug 2026

Earnings call transcript

Company Update11 Aug 2026

Intimation of Schedule of Analyst / Institutional Investor meeting

Result04 Aug 2026

unaudited results for the quarter ended 30th june 2026

Board Meeting04 Aug 2026

outcome of board meeting

AGM/EGM28 Jul 2026

Submission of voting results and the consolidated scrutinizer''s report for the 47th AGM held on Monday, 27th July 2026

AGM/EGM27 Jul 2026

Proceedings of 47th AGM of the Company held on Monday, 27th July , 2026 through Video conferencing

Board Meeting21 Jul 2026

Happy Forgings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....

Company Update07 Jul 2026

Reaffirmation of credit rating by ICRA

Company Update07 Jul 2026

Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018

Company Update03 Jul 2026

Copy of newspaper publication

Company Update02 Jul 2026

Pursuant to Regulation 36(1)(b) of SEBI (LODR), 2015, letter to shareholders who have not registered their email IDs

Others30 Jun 2026

Business Responsibility and Sustainability Reporting for the year ended 31st March 2026

AGM/EGM30 Jun 2026

Notice of 47th Annual General Meeting to be held on Monday, 27th July, 2026 at 11.30 AM IST through VC/ OAVM

Others30 Jun 2026

Pursuant to Regulation 34(1) of SEBI (LODR) Regulations , 2015 , we hereby submit the 47th Annual Report of the Company.

Insider Trading / SAST25 Jun 2026

Intimation of closure of Trading window

Company Update24 Jun 2026

Copy of newspaper publication

Company Update17 Jun 2026

Intimation of allotment of ESOP

Company Update28 May 2026

Earnings call Transcript

Company Update23 May 2026

Copy of financial results for the period ended 31st March 2026 in legible form

Company Update22 May 2026

Annual Secretarial Compliance Report FY 2025-26

Company Update22 May 2026

Link of audio recording of Earnings call held on 22nd May 2026

Company Update22 May 2026

Copy of Newspaper publication

Company Update21 May 2026

Investor presentation

Company Update21 May 2026

Press release dated 21st May 2026

Company Update21 May 2026

Intimation of Book Closure for the purpose of dividend

AGM/EGM21 May 2026

Intimation of 47th AGM to be held on Monday, 27th July 2026 and record date for final dividend

Company Update21 May 2026

Re-appointment of directors

Company Update21 May 2026

Appointment of Internal and cost auditor for FY 2026-27

Company Update21 May 2026

Enhancement in the capacity of solar power project

Result21 May 2026

Financial results for the quarter and year ended 31st March 2026

Board Meeting21 May 2026

outcome of BM

Corp. Action21 May 2026

Record date intimation for final dividend

Company Update09 May 2026

Intimation of Earnings call to be held on Friday, 22nd May, 2026

Board Meeting08 May 2026

Happy Forgings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2026 ,inter alia, to consider and approve audited financial results for ....

Company Update05 May 2026

Monitoring agency report for the quarter ended 31st March 2026

Company Update06 Apr 2026

Compliance certificate under Regulation 74(5)of SEBI (DP) Regulations, 2018

Insider Trading / SAST25 Mar 2026

Closure of Trading window

Company Update24 Mar 2026

Reporting of violation under SEBI (PIT) Regulations, 2015

Company Update13 Mar 2026

Intimation of allotment of ESOP

Company Update24 Feb 2026

Intimation of analyst meet

Company Update18 Feb 2026

Intimation of investor call on 21st Feb 2026

Company Update16 Feb 2026

Earnings Call Transcript

Company Update10 Feb 2026

Link of recording for the investor call held on 10th February 2026

Company Update10 Feb 2026

Newspaper Publication

Company Update09 Feb 2026

Press release dated 9th February 2026

Company Update09 Feb 2026

Investor Presentation

Company Update09 Feb 2026

Monitoring agency report for the quarter ended 31st December 2025.

Company Update09 Feb 2026

Amendment in Code of Fair Disclosure of UPSI

Result09 Feb 2026

Financial results for the qtr and nine months ended 31st Dec 2025

Board Meeting09 Feb 2026

outcome of board meeting

Annual Reports

3

2026

2025

2024

Credit Ratings

6
icraRating update
30 Sept 2025Report
crisilRating update
15 Sept 2025Report
icraRating update
21 Jul 2025Report
crisilRating update
09 May 2025Report
icraRating update
18 Jul 2024Report
crisilRating update
07 Mar 2024Report

Concalls

12

Feb 2026

28 Feb 2026

Nov 2025

30 Nov 2025

Aug 2025

31 Aug 2025

May 2025

31 May 2025

Feb 2025

28 Feb 2025

Nov 2024

30 Nov 2024

Sep 2024

30 Sept 2024

Aug 2024

31 Aug 2024

Jun 2024

30 Jun 2024

May 2024

31 May 2024

May 2024

31 May 2024

Feb 2024

29 Feb 2024

Held by Mutual Funds

22 schemes hold happyforge · sorted by weight

#SchemeWeight %
1

SBI Automotive Opportunities Fund

SBI Mutual Fund

2.68%
2

PGIM India Small Cap Fund

PGIM India Mutual Fund

1.78%
3

Aditya Birla Sun Life Manufacturing Equity Fund

Aditya Birla Sun Life Mutual Fund

1.78%
4

Sundaram Focused Fund

Sundaram Mutual Fund

5.37%
5

SBI Small Cap Fund

SBI Mutual Fund

1.42%
6

HSBC Multi Cap Fund

HSBC Mutual Fund

1.28%
7

Kotak Business Cycle Fund

Kotak Mahindra Mutual Fund

1.29%
8

Kotak Small Cap Fund

Kotak Mahindra Mutual Fund

1.31%
9

Kotak Pioneer Fund

Kotak Mahindra Mutual Fund

0.92%
10

Axis India Manufacturing Fund

Axis Mutual Fund

0.92%
11

Kotak Multicap Fund

Kotak Mahindra Mutual Fund

0.88%
12

HSBC Small Cap Fund

HSBC Mutual Fund

0.83%
13

PGIM India Flexi Cap Fund

PGIM India Mutual Fund

0.77%
14

Kotak Contra Fund

Kotak Mahindra Mutual Fund

0.63%
15

Nippon India Flexi Cap Fund

Nippon India Mutual Fund

0.59%
16

HSBC Infrastructure Fund

HSBC Mutual Fund

0.56%
17

PGIM India ELSS Tax Saver Fund

PGIM India Mutual Fund

0.56%
18

Bandhan Aggressive Hybrid Fund

IDFC Mutual Fund

0.27%
19

Axis Small Cap Fund

Axis Mutual Fund

0.14%
20

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.02%
21

Kotak Rural Opportunities Fund

Kotak Mahindra Mutual Fund

0.00%
22

Aditya Birla Sun Life Flexi Cap Fund

Aditya Birla Sun Life Mutual Fund

0.15%