Happy Forgings Ltd share price logo

Happy Forgings Ltd

NSE: HAPPYFORGE

BSE: 544057

Small Cap

₹2150.70

+76.40

(+3.68%)

as on

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🔔 Rating Alert

Motilal Oswal maintains Buy rating on Happy Forgings with Rs 2438 target, citing strong order book, margin expansion, and 25% revenue CAGR over FY26-29

What are INDmoney investors doing with Happy Forgings shares?

Based on platform-user behaviour - not analyst opinion or company fundamentals.

Search interest on INDmoney

+62%

Searches for Happy Forgings on INDmoney have increased by 62% over the last 30 days.

Investment activity on INDmoney

-6.41%

Investment activity in Happy Forgings among INDmoney users has decreased by 6.41% over the last 30 days.

Average holding period of indmoney investors

16 days

INDmoney investors hold Happy Forgings shares for an average of 16 days.

Key Events for Happy Forgings

Last Dividend Declared

₹4.00 per share, declared on 21/05/2026

View Dividend History

Happy Forgings Stock Performance

as on September 16, 2026 at 7:21 pm IST

  • Day's Low

    Day's High

    ₹2,065.00
    ₹2,178.00
    downward going graph

    3.98%

    Downside

    1.27%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹888.75
    ₹2,470.00
    downward going graph

    58.68%

    Downside

    14.85%

    Upside

    downward going graph

Happy Forgings share price movements today

Previous Close
₹2,074.30
Open
₹2,150.70
Volume
1.12L
Upper Circuit
₹2,178.00
Lower Circuit
₹1,970.60
Day's Low - High
₹2,065.00 - ₹2,178.00
52 Week Low - High
₹888.75 - ₹2,470.00

Happy Forgings Historical Returns

1 Month Return
-5.63 %
3 Month Return
+ 55.18 %
1 Year Return
+ 118.84 %
3 Year Return
+ 101.23 %
5 Year Return
+ 101.23 %

Happy Forgings Fundamentals

as on September 16, 2026 at 1:51 pm IST

Market Cap

₹19,581.63 Cr

Return on Equity (ROE)

15.17

PE Ratio (TTM)

62.47

Return on capital employed (ROCE)

18.19

Industry PE ratio

59.59

Beta (LTM)

1

P/B Ratio

5.13

Dividend Yield

0.35

PEG Ratio

10.17

Quarterly Earnings Growth YOY

39.23

EPS (TTM)

31.97

Book Value

225.56

Happy Forgings Stock Valuation

as on September 16, 2026 at 1:51 pm IST

Happy Forgings in the last 5 years

  • Overview

  • Trends

Lowest (26.64x)

April 9, 2025

Industry (59.59x)

September 11, 2026

Today (62.47x)

September 11, 2026

Highest (69.71x)

September 1, 2026

LowHigh

Today’s Price to Earnings Ratio: 62.47x

Happy Forgings Technical Analysis

Track how Happy Forgings technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week
1 month

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Moving Averages

Bearish

Neutral

Bullish

Bullish

Oscillators

Bearish

Neutral

Bullish

Bullish

Overall

Bearish1
Bullish12
Neutral2

Oscillators

Name

Value

Action

MACD level (12,26)
1.08
Bullish
CCI (20)
-592.98
Bullish
RSI (14)
69.07
Neutral
Momentum (10)
3.9
Bullish
ADI (14)
49.79
Bullish
Ultimate Oscillator (7,14,28)
65.07
Neutral

Moving Averages

Name

Value

Action

SMA (20)
2151.35
Bullish
EMA (20)
2151.72
Bullish
VWMA (20)
2152
Bullish
SMA (50)
2150.07
Bullish
EMA (50)
2150.38
Bullish
SMA (200)
2151.4
Bullish
EMA (200)
2145.64
Bullish
KAMA (200)
2147.73
Bullish
DEMA (200)
2154.78
Bearish

Happy Forgings Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Happy Forgings with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Happy Forgings Ltd image
Happy Forgings Ltd
BUY19,581.6320.25%0.573011,546
Super Iron Foundry Ltd image
Super Iron Foundry Ltd
NA88.19-12.65%0.0010158
Samrat Forgings Ltd image
Samrat Forgings Ltd
NA107.833.4%0.005191
Gala Precision Engineering Ltd image
Gala Precision Engineering Ltd
NA1,271.506.21%0.5735314
Gujarat Intrux Ltd image
Gujarat Intrux Ltd
NA155.7959.98%0.001068
See all

Market expectation of Happy Forgings Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

BUY

83.33%

Buy

0.00%

Hold

16.67%

Sell

Happy Forgings Ltd Quarterly Profit & Loss

Figures in Rupees Crores

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
343.08
341.99
343.34
341.47
361.13
354.32
351.97
353.8
377.39
391.31
423.84
449.42
Other Income
0.68
3.32
7.2
7.61
13.08
6.62
10.03
10.35
6.25
8.16
6.05
11.08
Total Income
343.75
345.31
350.54
349.07
374.21
360.94
362
364.15
383.64
399.47
429.89
460.5
Expenses
249.32
246.81
246.21
243.86
255.77
252.87
249.7
252.65
261.59
270.91
290.5
308.57
Operating Profit
93.76
95.18
97.13
97.61
105.36
101.45
102.27
101.15
115.8
120.4
133.34
140.85
Operating Profit Margin %
27.33%
27.83%
28.29%
28.59%
29.18%
28.63%
29.06%
28.59%
30.68%
30.77%
31.46%
31.34%
Profit Before Interest, Tax and Depreciation
94.43
98.5
104.34
105.21
118.45
108.08
112.3
111.5
122.05
128.56
139.39
151.94
Interest
4.44
3.78
0.86
1.37
1.57
2.15
2.45
2.3
1.89
2.46
3.81
3.06
Depreciation
16.19
17.06
16.02
18.01
19.66
19.11
20.28
20.55
21.55
22.43
24.51
26.24
Profit Before Tax
73.8
77.66
87.46
85.83
97.22
86.82
89.57
88.65
98.61
103.67
111.07
122.64
Tax Paid
18.53
19.77
21.67
22.02
25.86
22.28
21.93
22.95
25.17
24.73
27.5
31.18
Profit After Tax
55.26
57.9
65.78
63.8
71.37
64.55
67.63
65.69
73.44
78.94
83.56
91.46
Total Net profit including share of profit / Loss from associate company
55.26
57.9
65.78
63.8
71.37
64.55
67.63
65.69
73.44
78.94
83.56
91.46
EPS
6.17
6.46
7.25
6.77
7.58
6.85
7.18
6.97
7.79
8.37
8.86
9.7
Actual EPS
6.17
6.46
7.25
6.77
7.58
6.85
7.18
6.97
7.79
8.37
8.86
9.7
Adjusted EPS
6.17
6.46
7.25
6.77
7.58
6.85
7.18
6.97
7.79
8.37
8.86
9.7
Diluted EPS
6.17
6.46
7.24
6.76
7.57
6.84
7.18
6.96
7.78
8.36
8.84
9.68

Happy Forgings Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Sales
860.05
1,196.53
1,358.24
1,408.89
1,546.34
Other Income
6.06
5.75
13.35
37.45
30.81
Total Income
866.11
1,202.28
1,371.59
1,446.34
1,577.15
Expenses
629.16
855.59
970.7
1,002.2
1,075.65
Operating Profit
230.89
340.94
387.54
406.69
470.69
Operating Profit Margin %
26.85%
28.49%
28.53%
28.87%
30.44%
Profit Before Interest, Tax and Depreciation
236.95
346.68
400.89
444.15
501.5
Interest
7.16
12.48
11.78
7.53
10.47
Depreciation
37.74
54.18
64.73
77.06
89.04
Profit Before Tax
192.05
280.02
324.38
359.56
401.99
Tax Paid
49.76
71.33
81.41
92.12
100.35
Profit After Tax
142.29
208.7
242.98
267.44
301.63
Total Net profit including share of profit / Loss from associate company
142.29
208.7
242.98
267.44
301.63
EPS
15.9
23.32
26.78
28.39
31.99
Actual EPS
15.9
23.32
26.78
28.39
31.99
Adjusted EPS
15.9
23.32
26.78
28.39
31.99
Diluted EPS
15.9
23.32
26.75
28.37
31.92

Happy Forgings Ltd Cash Flow

Figures in Rupees Crores

Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Net Cash from Operating Activities
59.67
80.29
209.46
189.44
292.33
444.67
Cash Flow from Investing Activities
-58.68
-165.67
-172.46
-469.73
-320.2
-496.84
Cash Flow from Financing Activities
-0.15
82.52
-37.01
280.92
40.18
64.94
Net Cash Flow
0.84
-2.87
-0.01
0.63
12.3
12.77

Happy Forgings Stock Shareholding Pattern

Numbers in percentages

Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Promoters
78.6%
78.6%
78.6%
78.6%
78.6%
78.57%
78.53%
78.52%
78.5%
78.48%
78.46%
DII
5.82%
16.93%
16.69%
17.14%
17.06%
17.07%
16.98%
17.01%
16.73%
16.48%
15.54%
FII
0%
1.12%
2.24%
2.28%
2.28%
2.19%
2.17%
2.02%
1.84%
1.73%
1.88%
Public
13.5%
3.35%
2.47%
1.98%
2.05%
2.17%
2.31%
2.45%
2.93%
3.31%
4.13%
Total Outstanding Shares
9,42,04,882
9,42,04,882
9,42,04,882
9,42,04,882
9,42,04,882
9,42,42,200
9,42,86,011
9,43,04,270
9,43,27,921
9,43,50,461
9,43,78,734
Total Shareholders
1,34,839
93,587
74,090
65,376
64,982
64,670
63,790
61,075
61,484
57,815
64,341

Mutual Funds Buying / Exiting Happy Forgings

Holdings as of 15 Sep 2026 · based on the latest SEBI-mandated portfolio disclosures

Mutual Funds Buying Happy Forgings

Sorted by largest increase in holding, month-over-month.

No buying activity data available right now

No buying activity data available right now

Mutual Funds Exiting Happy Forgings

Sorted by largest decrease in holding, month-over-month.

Fund Name

Value of Holding

Decrease (MoM)

Holding %

SBI Automotive Opportunities Fund Direct Growth

SBI Automotive Opportunities Fund Direct Growth

₹201.16 Cr

₹10.69 Cr (-5.05%)

3.55%

HSBC Small Cap Fund Fund Direct Growth

HSBC Small Cap Fund Fund Direct Growth

₹353.01 Cr

₹2.97 Cr (-0.83%)

2.08%

Kotak Small Cap Direct Growth

Kotak Small Cap Direct Growth

₹342.32 Cr

₹0.99 Cr (-0.29%)

1.95%

Happy Forgings Corporate Actions

View detailed summary of the earnings and dividend history of Happy Forgings.

  • Happy Forgings Ltd Earnings Results

    Happy Forgings Ltd’s net profit jumped 39.23% since last year same period to ₹91.46Cr in the Q1 2026-2027. On a quarterly growth basis, Happy Forgings Ltd has generated 9.45% jump in its net profits since last 3-months.

    Read More about Earnings Results

  • Happy Forgings Ltd Dividends May,2026

    In the quarter ending March 2026, Happy Forgings Ltd has declared dividend of ₹4.00 per share on 21 May 2026 - translating a dividend yield of 0.18%.

    Read More about Dividends

Indices Featuring Happy Forgings Stock

Check stock indices that include Happy Forgings.

S&P BSE Indus.

₹15,788.94

-52.66 (▲0.33%)

Insights on Happy Forgings Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 1.73% to 1.88% in Jun 2026 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 3.31% to 4.13% in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 78.48% to 78.46% in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 14.63% to 13.86% in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, HAPPYFORGE stock has moved down by -8.1%

About Happy Forgings Ltd

Happy Forgings Limited was incorporated as Happy Forgings Private Limited at Jalandhar Punjab as a private limited company pursuant to a certificate of incorporation dated July 2 1979 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh. Thereafter Company was converted from a private limited company to a public limited company and the name of Company was changed to Happy Forgings Limited and a fresh certificate of incorporation dated April 1 1998 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh.Happy Forgings are an engineering led manufacturer of complex and safety critical heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts front axle beams steering knuckles differential cases transmission parts planetary carriers suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment offhighway vehicles and manufacturers of industrial equipment and machinery for oil and gas power generation railways and wind turbine industries into the nonautomotive sector.The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horsepower industrial crankshafts in India. In 1995 the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006 it commissioned operations at Kanganwal Facility II unit in 2008 commissioned first 8000 ton forging press commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011 it ventured into commercial vehicles farm equipment and industrial equipment industries later on the second 8000 ton forging press was commissioned during 2017 again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019 installed third 8000 ton forging press line in 2021 commenced Dugri Facility operations in 2021 commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14000 ton forging press line in 2022. Through Initial Public Offer the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8054910 Equity Shares..

Revenue: ₹449.42Cr as on June 2026 (Q1 FY27)
Net Profit: ₹91.46Cr as on June 2026 (Q1 FY27)
Listing date: 27 Dec, 2023
OrganisationHappy Forgings Ltd
HeadquartersLudhiana
IndustryCastings, Forgings & Fastners
E-voting on sharesClick here to vote

FAQs

What is Happy Forgings share price today?

Happy Forgings share price today stands at ₹2150.7 as on . Happy Forgings share today touched a day high of ₹2178 and a low of ₹2065.

What is the 52 week high and 52 week low range for Happy Forgings share?

Happy Forgings touched a 52 week high of ₹2470 and a 52 week low of ₹888.75. Happy Forgings share price today i.e. is trending at ₹2150.7, which is -12.93% down from its 52 week high and 141.99% up from its 52 week low.

What is Happy Forgings's market capitalisation today?

Happy Forgings market capitalisation is ₹19,581.63 Cr as on .

How to buy Happy Forgings shares?

To buy Happy Forgings shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for HAPPYFORGE or Happy Forgings Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Happy Forgings shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Happy Forgings trading volume today?

Happy Forgings trading volume is 1.12L as on . This means that 1.12L shares of Happy Forgings were bought and sold on the stock market during today's trading session.

What are INDmoney investors doing with Happy Forgings shares right now?

Based on aggregated, anonymised INDmoney platform data, search interest in Happy Forgings has increased while investment activity has decreased over the past 30 days, and the average INDmoney investor holds the stock for 16 days. This reflects platform activity only and is not investment advice.