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
₹1,866.00
-2.94% 1W | +103.70% 52W
Market Cap
17.6k CR
P/E Ratio
53.9
52W High
₹2470
52W Low
₹910
Div. Yield
0.21%
Beta
0.9
50 DMA
₹2118.1
200 DMA
₹1532.9
Profit Margin
19.9%
Inst. Own.
15.2%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
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 | 9.65 | 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
Promoters78.52%
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%
Promoters78.44%
FIIs2.37%
DIIs14.93%
Public4.26%
Promoters78.60%
FIIs1.12%
DIIs16.92%
Public3.35%
Promoters78.57%
FIIs2.19%
DIIs17.07%
Public2.18%
Promoters78.48%
FIIs1.73%
DIIs16.48%
Public3.30%
Promoters78.44%
FIIs2.37%
DIIs14.93%
Public4.26%
HAPPYFORGE
Holdings Analysis
Key strengths & risk signals
70
Overall
68
Fundamental
73
Technical
Risks (3)
OVERVALUED! PEG of 4.11 means expensive relative to growth rate.
RECOVERY MODE! Current price (1866.0) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -2.9% (1 week), -13.4% (1 month), 17.3% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (2118.1) is above 200-day average (1532.9) - positive signal.
EXCELLENT YEAR! Stock gained 103.7% in the last year.
BULLISH SENTIMENT! In last 30 days: 7 up days, 23 down days. Avg volume on up days: 106,737 vs down days: 80,088. Ratio: 1.33x
Fundamental & Technical Analysis
70Overall
68Fundamental
73Technical
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 4.11 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0.21% 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 (2118.1) is above 200-day average (1532.9) - positive signal.
Price Position
2/10
RECOVERY MODE! Current price (1866.0) above 200-day but below 50-day.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
10/10
EXCELLENT YEAR! Stock gained 103.7% in the last year.
Volume Sentiment
25/30
BULLISH SENTIMENT! In last 30 days: 7 up days, 23 down days. Avg volume on up days: 106,737 vs down days: 80,088. Ratio: 1.33x
RSI
4/5
APPROACHING OVERSOLD! RSI at 33.8 - watch for reversal.
52W Range
4/5
UPPER HALF! Trading at 61.3% of 52W range - positive territory.
Momentum
2/5
WEAK MOMENTUM! Limited price growth - -2.9% (1 week), -13.4% (1 month), 17.3% (3 months).
Beta
4/5
BELOW MARKET! Beta of 0.90 - 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 | ₹1,866.00 | 53.9 | 19.9% | 9.8% | 13.1% | +103.7% | 70 | BREAKDOWN | +39.3% | +9.4% | +27.0% | +6.0% |
| RKFORGE | ₹691.50 | 118.8 | 2.4% | 10.5% | -33.9% | +26.7% | 56 | CONSOLIDATING DOWN | +297.5% | -16.1% | +19.8% | 0.0% |
| GRAVITA | ₹1,479.30 | 27.5 | 8.3% | 14.9% | 23.5% | -5.8% | 71 | BREAKOUT | +14.0% | +15.8% | +41.9% | +25.8% |
| RHIM | ₹370.10 | – | -8.7% | 13.9% | – | -17.1% | 60 | BREAKOUT | +83.0% | -112.5% | +5.6% | +8.8% |
| KIRLFER | ₹452.40 | 21.7 | 5.1% | 4.6% | 5.1% | +2.6% | 50 | BREAKDOWN | -65.4% | -33.1% | +4.3% | -2.5% |
| AEROFLEX | ₹525.80 | 101.9 | 13.4% | 17.2% | 22.6% | +201.6% | 76 | BREAKDOWN | +161.1% | +6.8% | +72.5% | +15.6% |
| SBCL | ₹1,023.90 | 55.6 | 17.2% | 6.7% | 6.6% | +136.7% | 62 | BREAKDOWN | +44.7% | +26.9% | +33.4% | +12.1% |
| BALUFORGE | ₹480.70 | 20 | 22.8% | 49.6% | 88.1% | -22.2% | 69 | BREAKDOWN | +16.0% | +0.6% | +28.9% | +14.1% |
Data from TradeAlone · Updated daily
