Happy Forgings Peer Comparison

NSE: HAPPYFORGE | BSE: 544057

₹1,866.00

₹-7.20 (-0.38%)

As on 16-Oct-2026IST

Market cap

₹17,584 Cr

Revenue (TTM)

₹1,642 Cr

P/E Ratio

53.7

P/B Ratio

7.9

Div. Yield

0.2 %

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	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Market cap (₹ Cr)	17,584	5,832	1,539	1,184	929
Revenue (₹ Cr)	1,642	1,175	197	1,338	358
Net Profit (₹ Cr)	327.40	267.96	14.58	41.07	-8.83
Net Margin (%)	19.56	22.15	7.36	3.04	-2.41
RoE (%)	16.02	18.85	15.04	7.07	-7.21
Price to Earnings	53.71	21.76	105.57	28.82	--
Price-To-Book	7.95	3.51	14.30	1.97	9.23

Income Statement (₹ Cr)

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Operating Revenue	1,641.96	1,174.89	196.92	1,337.59	358.01
Total Income	1,673.50	1,209.99	198.09	1,351.77	366.71
Total Expenditure	1,131.56	862.85	161.38	1,239.57	325.24
EBITDA	510.39	312.04	35.55	98.02	32.77
Depreciation	94.73	11.58	8.89	27.40	25.76
EBIT	415.67	300.46	26.66	70.63	7.01
Interest	11.23	18.82	6.31	29.77	23.32
Other Income	31.54	35.10	1.17	14.18	8.70
Exceptional Items	0.00	0.00	-0.53	0.00	-0.65
Profit before Tax	435.98	316.74	20.99	55.03	-8.27
Provision for Tax	108.57	48.78	6.42	13.96	0.56
Profit after Tax	327.40	267.96	14.58	41.07	-8.83

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Shareholder's Funds	2,128.13	1,594.52	102.61	596.64	111.09
Minority Interest	0.00	0.00	0.00	0.00	0.00
Non-Current Liabilities	48.99	32.17	26.99	87.96	156.48
Current Liabilities	455.69	224.09	86.97	511.39	205.20
Total Liabilities	2,632.81	1,850.78	216.57	1,198.70	472.76

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Non-Current Assets	1,345.90	799.85	100.74	526.46	290.42
Current Assets	1,071.10	793.84	104.22	667.99	174.43
Total Assets	2,632.81	1,850.78	216.57	1,198.70	472.76
Total Debt*	329.62	126.72	70.10	257.19	250.39
Net Current Assets	615.41	569.75	17.25	156.60	-30.76
Contingent Liabilities	28.49	--	0.12	1.80	5.06

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Cash From Operating Activities	444.67	31.70	25.78	91.58	19.27
Cash Flow from Investing Activities	-496.83	-353.96	-23.64	-10.91	-94.36
Cash from Financing Activities	64.93	314.84	-0.16	-76.18	73.57
Net Cash Inflow / Outflow	12.77	-7.42	1.98	4.49	-1.53

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
ROCE (%)	18.19	22.95	14.14	11.46	9.07
ROE (%)	16.02	18.85	15.04	7.07	-7.21
ROA (%)	13.51	17.27	6.93	3.48	-2.17
EBIT Margin (%)	25.32	25.57	13.54	5.28	1.96
Net Margin (%)	19.56	22.15	7.36	3.04	-2.41
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Revenue Growth (%)	15.53	19.70	17.14	4.22	-2.47
EBIT Growth (%)	25.71	8.88	91.76	-0.86	-82.44
Net Profit Growth (%)	21.60	18.19	144.01	-1.85	-150.96
EPS Growth (%)	21.46	13.41	24.97	1.30	-145.30
Book Value Growth (%)	15.29	65.50	12.43	7.91	2.85

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Price / Earnings	53.67	20.72	103.07	28.82	-115.58
Price / Book Value	7.95	3.51	14.30	1.97	9.23
Dividend Yield (%)	0.21	0.03	0.07	0.51	0.00
EV/EBITDA	34.53	18.81	45.16	13.83	35.61
Market Cap (₹ Cr)	10,924.40	4,688.81	502.91	994.84	746.62

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Debt to Equity	0.00	0.01	0.17	0.06	1.33
Short term debt to equity ratio	0.15	0.07	0.47	0.32	0.78
Current Ratio	2.35	3.54	1.20	1.31	0.85
Quick Ratio	1.84	2.89	0.60	0.93	0.54
Interest Coverage	39.82	17.83	4.33	2.85	0.65

	Happy Forgings	Balu Forge	Investment & Prec	Nelcast	Synergy Green
Debtors to sales (%)	24.04	36.18	19.96	26.63	18.15
Asset Turnover	0.68	0.76	0.94	1.13	0.88
Receivable days	96.31	123.99	78.34	95.62	60.73
Inventory Days	54.55	40.11	97.25	50.98	57.84
Payable days	30.27	46.57	198.36	161.66	123.94
Cash Conversion Cycle	120.58	117.53	-22.77	-15.06	-5.37

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.