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Happy Forgings Key Ratios

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NSE: HAPPYFORGE | BSE: 544057

₹2,345.90

up-down-arrow ₹-74.50 (-3.08%)

As on 02-Sep-2026IST

Market cap

info icon

₹22,145 Cr

Revenue (TTM)

info icon

₹1,642 Cr

P/E Ratio

info icon

67.6

P/B Ratio

info icon

10

Div. Yield

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0.2 %

Key Ratios and Highlights

Growth Score (%) Quarterly Annual (TTM)
Particulars QoQ YoY 1-Year 3-Years 5-Years
Revenue 6.04 27.03 15.53 8.92 21.46
EBIT 5.32 42.21 25.71 10.00 25.42
Net Profit 9.45 39.24 21.53 13.06 28.39
EPS 9.42 39.09 21.40 11.09 27.05
Book Value -- -- 15.16 26.74 25.54
Key Ratios (%) Average Annual (TTM)
Particulars3-Years5-YearsTTMMar-26Mar-25
EBIT-Margin info 23.9523.6525.3224.6823.40
Net Margin info 18.4517.8219.5619.1218.49
Return on equity info 16.4918.5716.0215.2315.52
Return on Capital info 20.0221.60--18.1919.15
Return on Assets info 13.5414.3613.5112.4413.04
Debt to Equity (x) info ----0.000.160.12

Profitability

View Detailed Peer Comparison

ROCE

--

--

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
18.19
19.15
22.69
26.18
Peer Median
--
18.19
19.48
22.33
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROE

16.02

Higher than Peers by 3.82

Profit after tax / Average Net worth * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
16.02
15.23
15.52
18.73
23.50
Peer Median
12.20
15.43
14.91
19.32
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
ROA

13.51

Higher than Peers by 7.58

Profit after tax / Average Total assets * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
13.51
12.44
13.04
15.13
16.99
Peer Median
5.92
9.46
7.79
7.28
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Margin

25.32

Higher than Peers by 15.59

Operating profit (EBIT) / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
25.32
24.68
23.40
23.77
23.97
Peer Median
9.73
--
23.40
17.07
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Margin

19.56

Higher than Peers by 14.09

Net profit / Total Income (Net sales plus other income) * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
19.56
19.12
18.49
17.72
17.36
Peer Median
5.47
8.77
4.78
5.41
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Profit Margin

--

--

(Net profit + Depreciation) / Gross Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
25.10
24.30
22.56
21.92
Peer Median
--
--
--
0.00
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

15.53

Higher than Peers by 9.57

Year on year growth in net sales

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
15.53
9.76
3.73
13.51
39.12
Peer Median
5.96
--
22.79
51.58
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EBIT Growth

25.71

Higher than Peers by 6.97

Year on year growth in operating profit (EBIT)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
25.71
15.78
2.11
12.57
48.47
Peer Median
18.74
--
55.64
115.78
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Net Profit Growth

21.53

Lower than Peers by 5.79

Year on year growth in profit after tax

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
21.53
12.79
10.06
16.43
46.67
Peer Median
27.32
--
78.21
688.03
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EPS Growth

21.40

Higher than Peers by 2.23

Year on year growth in earnings per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
21.40
12.66
10.02
10.61
46.67
Peer Median
19.16
--
69.97
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Book Value Growth

--

--

Year on year growth in book value per share

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
15.29
14.49
62.58
25.48
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

--

--

Total debt / Net worth

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
0.16
0.12
0.09
0.22
Peer Median
0.08
0.30
0.36
0.54
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Short term debt to equity ratio

--

--

(Short term borrowings / Net worth)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
0.15
0.12
0.09
0.14
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Current Ratio

2.35

Higher than Peers by 0.67

Current Assets / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
2.35
2.35
2.81
3.07
1.91
Peer Median
1.68
1.59
1.69
1.35
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Quick Ratio

1.84

Higher than Peers by 0.82

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
1.84
1.84
2.10
2.14
1.25
Peer Median
1.02
--
2.64
3.25
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Interest Coverage

39.82

Higher than Peers by 36.21

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
39.82
39.38
48.73
28.55
23.45
Peer Median
3.62
8.95
5.47
4.50
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

24.04

Lower than Peers by 1.80

Debtors outstanding / Net Sales * 100

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
24.04
25.53
30.27
26.28
25.75
Peer Median
25.84
--
30.79
34.38
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Asset Turnover

0.68

Lower than Peers by 0.38

Sales / Average Total Assets

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
0.68
0.64
0.69
0.85
0.98
Peer Median
1.06
--
1.34
1.50
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Receivable days

--

--

Average Debtors / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
96.31
100.84
88.98
80.66
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Inventory Days

--

--

Average Inventory / Sales * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
54.55
58.77
52.69
53.80
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Payable days

--

--

Average Creditors / Cost of goods sold * 365

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
30.27
31.12
31.59
30.46
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Cash Conversion Cycle

--

--

Receivable Days + Inventory Days - Payable Days

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
--
120.58
128.48
110.08
104.00
Peer Median
--
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

67.64

Higher than Peers by 39.47

Current share price divided by earning per share in the last twelve months

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
67.64
36.22
27.69
34.43
--
Peer Median
28.17
28.48
33.24
38.45
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Price / Book Value

10.01

Higher than Peers by 5.46

Current share price divided by book value per share in the latest financial year

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
10.01
5.15
4.02
5.21
--
Peer Median
4.55
4.55
4.61
7.01
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Dividend Yield

0.17

Higher than Peers by 0.09

Dividend per share in the past twelve months divided by current share price

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
0.17
0.35
0.38
0.45
--
Peer Median
0.08
--
--
--
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
EV/EBITDA

41.37

--

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
41.37
22.34
16.88
20.92
0.68
Peer Median
--
22.59
26.88
29.18
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
Market Cap

22,145

Higher than Peers by 21,134

Current Share price multiplied by latest total number of shares outstanding

Company Name
TTM
Mar-26
Mar-25
Mar-24
Mar-23
Happy Forgings
22,145
10,924
7,404
8,367
--
Peer Median
1,011
408
532
324
--
*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.
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