Happy Forgings Share Price

Overview
Recos
News
Analysis
Financials
Forecast
Technicals
Peers
Shareholdings
MF
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Corp Actions
About

Happy Forgings Share Price

1,523.50-18.71 (-1.22%)

Live
As On: 03 Jul, 2026, 09:43 AM IST
As On: 03 Jul, 2026, 09:44 AM IST

Sector: Auto Ancillarie...
Industry: Auto Ancl - Others

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Open	1,531.00
High	1,544.90
Low	1,518.00
Prev Close	1,542.20
Volume	23,310
VWAP(₹)	1,528.04

Key Metrics

PE Ratio(x)	47.78
EPS - TTM(₹)	31.97
MCap(₹ Cr.)	14,550.73
MCap Rank	22
PB Ratio(x)	6.84
Div Yield(%)	0.26
Face Value(₹)	2.00
52W High(₹)	1,590.40
52W Low(₹)	862.05
MCap/Sales	7.06
Beta(1 Month)	-
BV/Share(₹)	225.56

Happy Forgings share price insights

Dividend Announcement
Company announced a dividend of Rs 4.0 per share on May 21, 2026 with record date of Jul 20, 2026.
Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 8.83% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)
Happy Forgings Share Price Update
Happy Forgings Ltd. share price moved down by -1.22% from its previous close of Rs 1,542.20. Happy Forgings Ltd. stock last traded price is 1,523.50
Share Price Value
Today/Current/Last 1,523.501,523.45
Previous Day 1,542.201,543.45

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Happy Forgings Share Price Returns

1 Day	-1.22%
1 Month	8.52%
3 Months	28.18%
1 Year	55.18%
3 Years	N.A.
5 Years	N.A.

Happy Forgings Share Recommendations

Mean recosCurrent

BUY

6 Analysts

Strong
SellSellHoldBuyStrong
Buy

Analyst Trends

Ratings	Current	1W Ago	1M Ago	3M Ago
Strong Buy	3	3	3	4
Buy	2	2	2	1
Hold	-	-	-	-
Sell	1	1	1	1
Strong Sell	-	-	-	-
# Analysts	6	6	6	6

Recent Recos

Target₹1300
OrganizationMotilal Oswal Financial Services
BUY

Target₹1125
OrganizationMotilal Oswal Financial Services
BUY

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News & Analysis

View all Happy Forgings Share News & Announcements

Share Analysis

EARNINGS

FUNDAMENTAL

RELATIVE VALUATION

RISK

PRICE MOMENTUM

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Stock performance

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Financials

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	429.89	399.47	383.64	364.15	362.00
Total Income Growth (%)	7.61	4.13	5.35	0.60	0.29
Total Expenses	315.01	293.34	283.14	273.21	269.98
Total Expenses Growth (%)	7.39	3.60	3.64	1.19	-0.73
EBIT	114.88	106.13	100.49	90.95	92.01
EBIT Growth (%)	8.24	5.61	10.50	-1.16	3.42
Profit after Tax (PAT)	83.56	78.94	73.44	65.69	67.63
PAT Growth (%)	5.86	7.50	11.79	-2.87	4.78
EBIT Margin (%)	26.72	26.57	26.20	24.98	25.42
Net Profit Margin (%)	19.44	19.76	19.14	18.04	18.68
Basic EPS (₹)	8.86	8.37	7.79	6.97	7.18

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Total Income	429.89	399.47	383.64	364.15	362.12
Total Income Growth (%)	7.61	4.13	5.35	0.56	0.32
Total Expenses	315.01	293.33	283.14	273.20	269.98
Total Expenses Growth (%)	7.39	3.60	3.64	1.19	-0.73
EBIT	114.88	106.14	100.50	90.95	92.13
EBIT Growth (%)	8.23	5.62	10.50	-1.29	3.56
Profit after Tax (PAT)	83.56	78.95	73.44	65.69	67.77
PAT Growth (%)	5.85	7.50	11.79	-3.07	5.04
EBIT Margin (%)	26.72	26.57	26.20	24.98	25.44
Net Profit Margin (%)	19.44	19.76	19.14	18.04	18.71
Basic EPS (₹)	8.86	8.37	7.79	6.97	7.19

	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenue	1,577.15	1,446.34	1,371.59	1,202.27
Total Revenue Growth (%)	9.04	5.45	14.08	38.81
Total Expenses	1,175.16	1,086.79	1,047.20	922.25
Total Expenses Growth (%)	8.13	3.78	13.55	36.82
Profit after Tax (PAT)	301.63	267.44	242.98	208.70
PAT Growth (%)	12.79	10.06	16.43	46.67
Operating Profit Margin (%)	26.67	26.05	24.75	24.44
Net Profit Margin (%)	19.50	18.98	17.88	17.44
Basic EPS (₹)	31.99	28.39	26.78	23.32

	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenue	1,577.15	1,446.46	1,371.59	1,202.28	866.10
Total Revenue Growth (%)	9.03	5.46	14.08	38.81	46.60
Total Expenses	1,175.16	1,086.79	1,047.20	922.25	674.06
Total Expenses Growth (%)	8.13	3.78	13.55	36.82	42.28
Profit after Tax (PAT)	301.64	267.57	242.99	208.70	142.28
PAT Growth (%)	12.73	10.12	16.43	46.68	64.59
Operating Profit Margin (%)	26.67	26.06	24.75	24.44	23.16
Net Profit Margin (%)	19.50	18.99	17.88	17.44	16.54
Basic EPS (₹)	31.99	28.40	26.78	23.32	15.90

All figures in Rs Cr, unless mentioned otherwise

Insights

Employee & Interest Expense
Company has spent less than 1% of its operating revenues towards interest expenses and 8.83% towards employee cost in the year ending Mar 31, 2026. (Source: Consolidated Financials)

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Total Assets	2,632.81	2,215.22	1,885.95	1,326.17
Total Assets Growth (%)	18.85	17.46	42.21	17.37
Total Liabilities	504.68	365.68	273.46	337.86
Total Liabilities Growth (%)	38.01	33.72	-19.06	-1.28
Total Equity	2,128.13	1,849.55	1,612.49	988.31
Total Equity Growth (%)	15.06	14.70	63.16	25.48
Current Ratio (x)	2.35	2.81	3.07	1.91
Total Debt to Equity (x)	0.15	0.12	0.09	0.22
Contingent Liabilities	480.16	309.16	180.92	-

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Total Assets	2,632.96	2,214.64	1,885.95	1,326.16	1,129.86
Total Assets Growth (%)	18.89	17.43	42.21	17.37	29.25
Total Liabilities	504.68	364.96	273.45	337.87	342.25
Total Liabilities Growth (%)	38.28	33.46	-19.07	-1.28	49.43
Total Equity	2,128.28	1,849.69	1,612.49	988.30	787.61
Total Equity Growth (%)	15.06	14.71	63.16	25.48	22.08
Current Ratio (x)	2.35	2.82	3.07	1.91	1.74
Total Debt to Equity (x)	0.15	0.12	0.09	0.22	0.31
Contingent Liabilities	480.16	309.16	171.42	138.68	154.10

All figures in Rs Cr, unless mentioned otherwise

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Net Cash flow from Operating Activities	444.67	292.33	189.02	209.46
Net Cash used in Investing Activities	-496.83	-320.20	-469.31	-172.45
Net Cash flow from Financing Activities	64.93	40.17	280.92	-37.01
Net Cash Flow	12.77	12.30	0.63	-0.01
Closing Cash & Cash Equivalent	25.72	12.95	0.64	0.01
Closing Cash & Cash Equivalent Growth (%)	98.64	1,914.33	4,843.85	-35.00
Total Debt/ CFO (x)	0.74	0.78	0.76	1.04

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Net Cash flow from Operating Activities	444.70	292.36	189.02	209.46	80.28
Net Cash used in Investing Activities	-497.63	-319.44	-469.41	-172.45	-165.66
Net Cash flow from Financing Activities	65.63	39.47	280.92	-37.01	82.52
Net Cash Flow	12.70	12.39	0.52	-0.01	-2.87
Closing Cash & Cash Equivalent	25.63	12.93	0.54	0.01	0.02
Closing Cash & Cash Equivalent Growth (%)	98.23	2,304.11	4,004.58	-35.15	-99.30
Total Debt/ CFO (x)	0.74	0.78	0.76	1.04	2.99

All figures in Rs Cr, unless mentioned otherwise

Insights

Increase in Cash from Investing
Company has used Rs 496.83 cr for investing activities which is an YoY increase of 55.16%. (Source: Consolidated Financials)

Annual	FY 2026	FY 2025	FY 2024	FY 2023
Return on Equity (%)	14.17	14.45	15.06	21.11
Return on Capital Employed (%)	18.94	19.43	20.44	27.34
Return on Assets (%)	11.45	12.07	12.88	15.73
Interest Coverage Ratio (x)	47.88	58.96	34.04	27.79
Asset Turnover Ratio (x)	0.64	0.69	0.85	0.97
Price to Earnings (x)	36.23	27.70	34.48	-
Price to Book (x)	5.13	4.00	5.19	-
EV/EBITDA (x)	22.34	16.88	20.93	-
EBITDA Margin (%)	32.43	31.52	29.51	28.97

Annual	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Return on Equity (%)	14.17	14.46	15.06	21.11	18.06
Return on Capital Employed (%)	18.94	19.43	20.44	27.34	22.51
Return on Assets (%)	11.45	12.08	12.88	15.73	12.59
Interest Coverage Ratio (x)	47.89	58.97	34.04	27.79	33.10
Asset Turnover Ratio (x)	0.64	0.69	0.85	0.97	0.86
Price to Earnings (x)	36.23	27.70	34.48	-	-
Price to Book (x)	5.13	4.00	5.19	-	-
EV/EBITDA (x)	22.33	16.87	20.93	-	-
EBITDA Margin (%)	32.43	31.53	29.51	28.97	27.55

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Technicals

Buy/Sell Signals
No Data Available
Price Analysis
43%
Positive Movement
since 1st Jan 2005
on basis
57%
Negative Movement
since 1st Jan 2005
on basis
Exclude
Global Meltdown1st Jan 2008 to 10th Nov 2008
Covid Crisis1st Feb 2020 to 31st Mar 2020
Pivot Levels
R1 - Pivot
-
S1 -
R2 - S2 -
R3 - S3 -
Average True Range
5 Days 14 Days 28 Days
- - -

Peer Comparison

Ratio Performance

NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
Happy Forgings	47.78	6.77	14.17	18.94	11.45	9.37	26.67	19.50	31.99	2.35	0.15	0.74
Belrise Industries Ltd.	42.57	4.05	9.50	14.77	5.81	13.12	9.49	5.22	5.82	1.97	0.28	1.64
Sansera Engineering	61.88	6.45	10.49	14.02	7.21	14.56	13.88	9.33	52.09	1.76	0.15	0.72
Sundram Fasteners	33.88	4.66	13.82	18.53	9.95	3.68	13.34	9.42	28.13	2.12	0.14	0.71
Mahindra CIE	20.64	2.41	11.10	13.45	7.69	2.54	11.75	8.77	21.83	1.50	0.05	0.31
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Annual Ratios (%)

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Stock Performance

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Shareholding Pattern

Total Shareholdings
Category No. of Shares Percentage % Change QoQ
Promoters 7,40,47,555 78.48 % -0.01
Pledge 0 0.00 % 0.00
FII 16,32,927 1.73 % -0.11
DII 1,55,45,164 16.48 % -0.25
MF 1,38,05,350 14.63 % 3.04
Others 31,24,815 3.30 % 0.37
QoQ Change
Category Mar 2026 Dec 2025 Sep 2025 Jun 2025
Promoters 78.48 78.50 78.52 78.54
Pledge 0.00 0.00 0.00 0.00
FII 1.73 1.84 2.03 2.17
DII 16.48 16.73 17.02 16.98
Mutual Funds 14.63 11.59 11.68 11.52
Others 3.30 2.92 2.43 2.30

Mutual Funds Ownership

MF Ownership as on 31 May 2026

SBI Small Cap Direct-G
Equity: Small Cap
2
- 513.34
  Amount Invested (in Cr.)
- 1.37275943%
  % of AUM
- 0.00
  % Change (MoM basis)
Kotak Multicap Direct-G
Equity: Multi Cap
5
- 231.55
  Amount Invested (in Cr.)
- 0.8820978%
  % of AUM
- -2.18
  % Change (MoM basis)
Kotak Small Cap Direct-G
Equity: Small Cap
2
- 221.66
  Amount Invested (in Cr.)
- 1.24%
  % of AUM
- 0.00
  % Change (MoM basis)

View all Mutual Fund Schemes

Happy Forgings Top Searches

Corporate Actions

Recent
General Meeting
-
May 21, 2026
Final
200%
May 21, 2026
Board Meeting
Audited Results & Final Dividend
May 08, 2026

Announced on	Meeting on
May 08, 2026	May 21, 2026
Audited Results & Final Dividend
Jan 28, 2026	Feb 09, 2026
Quarterly Results
Oct 20, 2025	Nov 06, 2025
Quarterly Results
Jul 31, 2025	Aug 09, 2025
Quarterly Results
May 02, 2025	May 17, 2025
Audited Results & Final Dividend

Dividends
Announced on Ex-Date Dividend%
May 21, 2026 Jul 20, 2026 200%
May 19, 2025 Jul 22, 2025 150%
May 24, 2024 Jul 22, 2024 200%
Bonus
No Data Available
Splits
No Data Available
Rights
No Data Available
AGM/EGM Meetings
Announced on Meeting on
May 21, 2026 Jul 27, 2026
-
May 19, 2025 Jul 29, 2025
-
Jun 25, 2024 Jul 29, 2024
Book closure from Jul 23, 2024 to Jul 29, 2024

About Happy Forgings

Happy Forgings Ltd., incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 14,550.73 Crore) operating in Auto Ancillaries sector.

Happy Forgings Ltd. key Products/Revenue Segments include Auto Parts, Scrap, Other Operating Revenue and Sale of services for the year ending 31-Mar-2026.

For the quarter ended 31-03-2026, the company has reported a Consolidated Total Income of Rs 429.89 Crore, up 7.61 % from last quarter Total Income of Rs 399.47 Crore and up 18.75 % from last year same quarter Total Income of Rs 362.00 Crore. Company has reported net profit after tax of Rs 83.56 Crore in latest quarter.

The company’s top management includes Mr.Paritosh Kumar, Mr.Ashish Garg, Ms.Megha Garg, Mr.Atul Behari Lall, Ms.Rajeswari Karthigeyan, Mr.Ravindra Pisharody, Mr.Pankaj Kumar Goyal, Mr.Narinder Singh Juneja, Mr.Patwinder Singh, Mr.Sushant Pustake, Ms.Bindu Garg. Company has S R Batliboi & Co LLP as its auditors. As on 31-03-2026, the company has a total of 9.44 Crore shares outstanding.

Happy Forgings Share Price Today is Rs. 1523.50. On previous day, the Happy Forgings Share Price (NSE) closed at Rs. 1532.1, featuring among the most traded securities on the National Stock Exchange.

Shareholdings:
As of 31st Mar, 2026, the promoter held 78.48% of the stake in Happy Forgings shares, out of which 0.0% was pledged. On the same date, foreign institutional investors' (FII) holdings of Happy Forgings stocks was 1.73% as compared to 1.84% in Dec 2025 with decrease of 0.11%. The domestic institutional investors (DII) holdings on 31st Mar, 2026 was 16.48% as compared to 16.73% in Dec 2025 with decrease of 0.25%. Out of the total DII holdings in Happy Forgings shares 14.63% was held by mutual funds. The rest including public held is 3.31%. Happy Forgings stock price is reflected on both the exchanges - BSE and NSE.

Dividend, Bonus & Split Information:
Happy Forgings Dividend: Ever since 1979, Happy Forgings dividends has been paid out around 3 times. As on 03 Jul, 2026, 09:43 AM IST, The overall dividend yield for Happy Forgings stands at 0.26%. The last dividend paid was on July 20, 2026 (Rs. 4.0). The Earnings Per Share (EPS) for quarter ending 31st Mar 2026 is Rs. 31.97.

Happy Forgings Bonus: The most recent bonus issue had been in year null around 0 years ago at 0 : 0 ratio. The first bonus issue was announced in null.

Stock Forecast:
After showing 429.89 Cr. of sales and 7.61% of quarterly net profit, there have been multiple ups and downs in the Happy Forgings stock prices in the past few weeks. For example, Happy Forgings stock price on 25th of June 2026 was around Rs. 1509.3. Happy Forgings share price now stands at an average of Rs. 1523.50. Judging by last week's performance, stock is in up trend.

Happy Forgings has a median target price of Rs. 1436.17 in 12 months by 6 analysts. They have provided a high estimate of Rs. 1652.0 and low estimate of Rs. 1028.0 for Happy Forgings share.

Historical Prices and Performance:
Happy Forgings, incorporated in 1979 is a Mid Cap company (with a market cap of Rs. 14550.73) operating in Auto Ancillaries sector.
The Return of Equity (ROE) in last five financial years given by Happy Forgings stock was 14.17%, 14.45%, 15.06%, 21.11% and 18.06% respectively.
The Happy Forgings share gave a 3 year return of 0.0% as compared to Nifty 50 which gave a return of 0.0%.
Happy Forgings announced 200.0% final dividend on July 20, 2026.

Key Metrics:
PE Ratio of Happy Forgings is 48.24
Prices/Sales Ratio of Happy Forgings is 7.06
Price/Book Ratio of Happy Forgings is 6.84

Peer Insights:
Peers are businesses with comparable activities, buisness objectives and affiliation with a particular industry area. For Happy Forgings, major competitors and peers include Belrise Industries Ltd., Sansera Engineering, Sundram Fasteners and Mahindra CIE. As of Dec 2025, the dividend yield of Happy Forgings stands at 0.26% while Belrise Industries Ltd., Sansera Engineering, Sundram Fasteners and Mahindra CIE stand at 0.0%, 0.12%, 0.85% and 1.48% respectively. The PE ratio and PB Ratio of the company are among its competitors stand at 48.24 and 6.84 respectively.

Leadership of Happy Forgings :
Bindu Garg is Co. Secretary & Compl. Officer
Pankaj Kumar Goyal is Chief Financial Officer
Patwinder Singh is Chief Operating Officer
G S Sandhu is Chief Human Resource Officer
Mangesh Shantaram Purandare is Chief Marketing Officer
Narinder Singh Juneja is Chief Operating Officer
Sushant Pustake is Chief Operating Officer
Paritosh Kumar is Chairman & Managing Director
Ashish Garg is Managing Director
Megha Garg is Whole Time Director
Ravindra Pisharody is Independent Director
Rajeswari Karthigeyan is Independent Director
Atul Behari Lall is Independent Director

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Industry

Auto Ancl - Others

Key Indices Listed On

BSE SmallCap, BSE Industrials, BSE AllCap, BSE NEXT 500, BSE 1000

Address

B-XXIX, 2254/1,Kanganwal Road,P.O. Jugiana,Ludhiana, Punjab - 141120

Contact

info@happyforgingsltd.com

http://www.happyforgingsltd.com

Executive Leadership

PK

Paritosh Kumar

Chairman & Managing Director

AG

Ashish Garg

Managing Director

MG

Megha Garg

Whole Time Director

AB

Atul Behari Lall

Independent Director

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Auditors

S R Batliboi & Co LLP

FAQs about Happy Forgings share

1. What's Happy Forgings share price today and what are Happy Forgings share returns ?
Happy Forgings share price is Rs 1,523.50 as on 03 Jul, 2026, 09:43 AM IST. Happy Forgings share price is down by 1.22% based on previous share price of Rs 1,532.1. Happy Forgings share price trend:
- Last 3 Years: Happy Forgings Share price moved remain unchanged by N.A.
2. What are the returns for Happy Forgings share?
Return Performance of Happy Forgings Shares:
- 1 Week: Happy Forgings share price moved up by 0.94%
3. What is the PE & PB ratio of Happy Forgings?
The PE ratio of Happy Forgings stands at 48.24, while the PB ratio is 6.84.
4. What is the market cap of Happy Forgings?
Happy Forgings share has a market capitalization of Rs 14,550.73 Cr. Within Auto Ancillaries sector, it's market cap rank is 22.
5. What has been highest price of Happy Forgings share in last 52 weeks?
In last 52 weeks Happy Forgings share had a high price of Rs 1,590.40 and low price of Rs 862.05

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