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Clear AllValue Research Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Momentum Score
0/0
Today’s Range
52 Week Range
Liquidity
Market cap
₹8,985 Cr
Revenue (TTM)
₹1,409 Cr
Net Profit (TTM)
₹267 Cr
ROE
15.5 %
ROCE
19.2 %
P/E Ratio
33.6
P/B Ratio
4.9
Industry P/E
30.27
EV/EBITDA
20.4
Div. Yield
0.3 %
Debt to Equity
0.1
Book Value
₹195.2
EPS
₹28.4
Face value
2
Shares outstanding
94,286,011
CFO
₹1,185.68 Cr
EBITDA
₹2,177.27 Cr
Net Profit
₹1,227.91 Cr
|
Company
|
YTD
|
1 Month
|
3 Months
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|---|---|---|---|---|---|---|---|
|
Happy Forgings
| -5.0 | -1.8 | 24.8 | -24.9 | -- | -- | -- |
|
BSE Metal
| 10.5 | 1.2 | 18.6 | -6.2 | 25.3 | 34.1 | 13.2 |
|
BSE Small Cap
| -0.4 | 2.1 | 24.1 | 0.7 | 28.7 | 33.6 | 16.8 |
|
Company
|
2024
|
|---|---|
|
Happy Forgings
| -3.0 |
|
BSE Small Cap
| 29.0 |
|
BSE Metal
| 7.0 |
Is there a threat to the company's solvency?
Can creative accounting be detected through the financial numbers?
How did the company perform in the last one year?
5Y Avg -- 3Y Avg -- TTM --
P/E Ratio
--
--Min --Median --Max
P/B Ratio
--
--Min --Median --Max
Earnings Yield (%)
--
Earnings Yield (%) = EBIT / Enterprise value
PEG Ratio
--
Price = Price / Earnings to growth ratio
Company |
Price (₹) | Market Cap (₹ Cr) | Revenue (TTM) | Net Profit (TTM) | OPM (%) | ROE (%) | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
|
Happy Forgings
|
948.4 | 8,985.0 | 1,408.9 | 267.4 | 23.4 | 15.5 | 33.6 | 4.9 |
| 1,633.9 | 1,713.7 | 126.2 | 13.9 | -- | 32.8 | 48.2 | 26.5 | |
| 678.0 | 7,737.2 | 923.6 | 204.0 | 26.8 | 20.7 | 38 | 7.2 | |
| 258.0 | 599.1 | 64.2 | 3.7 | -- | 17 | 74.5 | 13.6 | |
| 508.6 | 508.6 | 165.1 | 6.1 | 8.7 | 6.7 | 84 | 5.3 | |
| 522.4 | 375.1 | 94.5 | 9.6 | -- | 29.7 | 26.3 | 7.5 | |
| 1,288.3 | 545.2 | 176.5 | 23.1 | 16.8 | 18.6 | 23.6 | 4.2 | |
| 327.2 | 616.4 | 306.3 | 20.7 | -- | 24.2 | 28.9 | 4.4 | |
| 141.3 | 1,233.2 | 1,251.7 | 37.3 | 5.1 | 7 | 33.2 | 2.2 | |
| 520.3 | 808.4 | 362.3 | 16.9 | 10.8 | 20.9 | 47.9 | 7.5 |
4 min read•By Shubham Dilawari
Happy Forgings Limited engages in the manufacture of forgings and related components in India. It offers heavy forged and machined products, including bicycle pedals, brake flanges, bushes, bull gears, camshafts, crankshafts, connecting rods, crown... wheels, differential cases, front axle beams, steering knuckles, differential cases, semi-machined transmission parts, planetary carriers, pinion shafts, piston pins, ring gears, suspension brackets, and valve bodies. The company serves the manufacturers of heavy commercial vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. It also exports its products to Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States. The company was incorporated in 1979 and is based in Ludhiana, India. Read more
Incorporated
1979
Chairman
Paritosh Kumar
Managing Director
Paritosh Kumar
Headquarters
Ludhiana, Punjab
Website
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Annual Reports
Announcements
View AnnouncementsNotice Of 46Th Annual General Meeting
01-Jul-2025Record Date For Payment Of Final Dividend
25-Jun-2025
The total asset value of Happy Forgings Ltd stood at ₹ 2,215 Cr as on 31-Mar-25
The share price of Happy Forgings Ltd is ₹948.35 (NSE) and ₹952.95 (BSE) as of 08-Jul-2025 IST. Happy Forgings Ltd has given a return of -24.88% in the last 1 years.
Happy Forgings Ltd has a market capitalisation of ₹ 8,985 Cr as on 08-Jul-2025. As per Value Research classification, it is a Small Cap company.
The P/B ratio of Happy Forgings Ltd is 4.88 times as on 08-Jul-2025, a 14% premium to its peers’ median range of 4.28 times.
The P/E ratio of Happy Forgings Ltd is 33.60 times as on 08-Jul-2025, a 11% premium to its peers’ median range of 30.27 times.
Step 1. Open a demat account through a broker. You would need to provide your email, PAN, bank account details, aadhar details, etc., for KYC
Step 2. Sign in to the broker’s application through a mobile app or website. Use the Login ID and password provided by your broker.
Step 3. Transfer funds from your bank account into the wallet present in your brokerage account.
Step 4. Search for the Happy Forgings Ltd and enter the required number of quantities and click on buy to purchase the shares of Happy Forgings Ltd.
Happy Forgings Limited engages in the manufacture of forgings and related components in India. It offers heavy forged and machined products, including bicycle pedals, brake flanges, bushes, bull gears, camshafts, crankshafts, connecting rods, crown wheels, differential cases, front axle beams, steering knuckles, differential cases, semi-machined transmission parts, planetary carriers, pinion shafts, piston pins, ring gears, suspension brackets, and valve bodies. The company serves the manufacturers of heavy commercial vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. It also exports its products to Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States. The company was incorporated in 1979 and is based in Ludhiana, India.
The prominent promoters of Happy Forgings Ltd are
| Name of promoters | Holding percentage |
|---|---|
|
PARITOSH KUMAR |
49.87%
|
|
ASHISH GARG |
13.74%
|
|
AYUSH CAPITAL AND FINANCIAL SERVICES P LTD |
11.4%
|
The chairman of the company is Paritosh Kumar, and the managing director is Paritosh Kumar.
There is no promoter pledging in Happy Forgings Ltd.
Some of the close peers are:
| Company | Market Cap(₹ Cr) |
|---|---|
|
7,910
|
|
|
1,734
|
|
|
1,281
|
|
|
820
|
|
|
620
|
|
|
604
|
|
|
544
|
|
|
498
|
|
|
381
|
| Happy Forgings Ltd | Ratios |
|---|---|
|
Return on equity(%)
|
15.52
|
|
Operating margin(%)
|
23.4
|
|
Net Margin(%)
|
18.49
|
|
Dividend yield(%)
|
0.38
|
Yes, TTM profit after tax of Happy Forgings Ltd was ₹267 Cr.
₹-7.15
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