Happy Forgings

Who are in the management team of Happy Forgings?

As of February 2021, the management team of Happy Forgings includes Paritosh Kumar (Managing Director), Ashish Garg (Managing Director), and several directors including Satish Sekhri, Suman Garg, Narinder Juneja Singh, Vikas Giya, Nitin Aggarwal, Suresh Chander Garg, and Megha Garg, along with Company Secretary Depesh Kumar. They oversee the company's operations and strategic direction.

As of February 2021, the management team of Happy Forgings includes the following members:<BR><BR>1. Satish Sekhri - Director<BR>2. Suman Garg - Whole-time Director<BR>3. Paritosh Kumar - Managing Director<BR>4. Narinder Juneja Singh - Director<BR>5. Vikas Giya - Director<BR>6. Ashish Garg - Managing Director<BR>7. Nitin Aggarwal - Director<BR>8. Prakash Bagla - Nominee<BR>9. Suresh Chander Garg - Director<BR>10. Megha Garg - Whole-time Director<BR>11. Depesh Kumar - Company Secretary<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

When is the next results date for Happy Forgings?

No Upcoming Board Meetings

Has Happy Forgings declared dividend?

Yes, Happy Forgings Ltd has declared a 200% dividend, with an ex-date of July 22, 2024. However, the company has experienced negative price returns over the last year and no dividend returns in previous years.

Happy Forgings Ltd has declared a 200% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 200%<BR>- Ex-date: 22 Jul 24<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -12.36%, the dividend return was 0%, resulting in a total return of -12.36%.<BR><BR>Over the past year, the price return was -17.83%, with a dividend return of 0%, leading to a total return of -17.83%.<BR><BR>For the 2-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>In the 3-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>For the 4-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>In the 5-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Overall, Happy Forgings has declared a significant dividend, but the total returns over various periods indicate a negative trend in price returns, with no dividend returns in the past years, reflecting a challenging performance.

Is Happy Forgings overvalued or undervalued?

As of January 12, 2025, Happy Forgings is considered very expensive and overvalued due to high valuation ratios, including a PE ratio of 33.99, an EV to EBITDA ratio of 22.37, and a PEG ratio of 3.39, which exceed those of its peers and coincide with a 1-year stock performance of -16.27% compared to the Sensex's 7.53%.

As of 12 January 2025, the valuation grade for Happy Forgings has moved from does not qualify to very expensive. The company is currently deemed overvalued based on its high valuation ratios, including a PE ratio of 33.99, an EV to EBITDA ratio of 22.37, and a PEG ratio of 3.39. These figures indicate that the stock is trading at a premium compared to its earnings growth potential.<BR><BR>In comparison to its peers, Happy Forgings has a significantly higher PE ratio than Samvardhana Motherson International Ltd., which stands at 29.14, and a higher EV to EBITDA ratio than Endurance Technologies Ltd., which is at 21.97. This suggests that investors are paying more for each unit of earnings in Happy Forgings relative to these competitors. Additionally, the company's recent stock performance has underperformed the Sensex, with a 1-year return of -16.27% compared to the Sensex's 7.53%, reinforcing the notion that the stock may be overvalued.

Who are the peers of the Happy Forgings?

Happy Forgings' peers include AIA Engineering, Balu Forge, and Steelcast, among others. While AIA Engineering and Balu Forge show excellent management and growth, Happy Forgings has below-average growth and the lowest 1-year return at -24.34%.

Peers: The peers of Happy Forgings are AIA Engineering, Balu Forge, Steelcast, Amic Forging, Nelcast, Synergy Green, Magna Electrocas, Inv.& Prec.Cast., Nitin Castings, and Tirupati Forge.<BR><BR>Quality Snapshot: Excellent management risk is observed at AIA Engineering, Balu Forge, Steelcast, Magna Electrocas, and Nitin Castings, while Average management risk is found at Happy Forgings, Amic Forging, Nelcast, Synergy Green, and the rest. Growth is Excellent at Balu Forge, Good at Amic Forging, and Average at Steelcast, while Happy Forgings, Nelcast, and the rest show Below Average growth. Excellent capital structure is noted for AIA Engineering, Happy Forgings, Balu Forge, Steelcast, and Magna Electrocas, while Good capital structure is seen at Amic Forging and Tirupati Forge, and Below Average capital structure is present at Nelcast and Inv.& Prec.Cast.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Magna Electrocas at 175.23%, while the lowest is Happy Forgings at -24.34%. Happy Forgings' 1-year return is significantly lower than the average of its peers. Additionally, Nitin Castings and Nelcast have negative six-month returns.

What does Happy Forgings do?

Happy Forgings Ltd, a mid-cap company in the Castings & Forgings industry, reported net sales of ₹3,520 Cr and a net profit of ₹676 Cr for the quarter ending March 2025. The company has a market cap of ₹8,878 Cr and a P/E ratio of 33.00.

Overview:<BR>Happy Forgings Ltd operates in the Castings & Forgings industry and is categorized as a Mid Cap company.<BR><BR>History:<BR>Happy Forgings Limited was incorporated as 'Happy Forgings Private Limited' in 1979. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 3,520 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 676 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 8,878 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>P/E: 33.00 <BR>Industry P/E: 39 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.01 <BR>Return on Equity: 14.45% <BR>Price to Book: 4.83 <BR><BR>Contact Details:<BR>Details: No Company Details Available <BR>Registrar Address: Not available.

Who are the top shareholders of the Happy Forgings?

The top shareholders of Happy Forgings include promoter Paritosh Kumar with 40.35%, mutual funds with 11.52%, foreign institutional investors at 2.17%, and SBI Small Cap Fund as the largest public shareholder at 5.41%. Individual investors hold 1.98% of the shares.

The top shareholders of Happy Forgings include the promoters, who hold a majority stake in the company. The promoter with the highest holding is Paritosh Kumar, owning 40.35% of the shares. Additionally, mutual funds collectively hold 11.52% through 11 different schemes, while foreign institutional investors (FIIs) have a smaller stake of 2.17% across 39 FIIs. The highest public shareholder is SBI Small Cap Fund, which holds 5.41%. Individual investors account for 1.98% of the holdings.

How big is Happy Forgings?

As of 24th July, Happy Forgings Ltd has a market capitalization of 9,334.00 Cr, with recent net sales of 1,408.89 Cr and net profit of 267.35 Cr over the last four quarters.

As of 24th July, <BR><BR>Market Cap: Happy Forgings Ltd has a market capitalization of 9,334.00 Cr and is classified as a Mid Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 1,408.89 Cr, while the sum of Net Profit for the same period is 267.35 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds amounting to 1,849.55 Cr and Total Assets valued at 2,215.22 Cr.

How has been the historical performance of Happy Forgings?

Happy Forgings has shown consistent growth over the past three years, with net sales increasing from 1,196.53 Cr in Mar'23 to 1,408.89 Cr in Mar'25, and profit after tax rising from 208.70 Cr to 267.44 Cr. The company has improved its operating profit margin to 28.87% and eliminated long-term debt, reflecting strong overall financial performance.

Answer:<BR>The historical performance of Happy Forgings shows a consistent growth trend in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Happy Forgings has demonstrated a steady increase in net sales, rising from 1,196.53 Cr in Mar'23 to 1,408.89 Cr in Mar'25. The total operating income has mirrored this growth, reaching 1,408.89 Cr in Mar'25, up from 1,196.53 Cr in Mar'23. The company's operating profit (PBDIT) also increased significantly, from 346.68 Cr in Mar'23 to 444.14 Cr in Mar'25, reflecting an operating profit margin of 28.87% in the latest year. Profit before tax has risen from 280.03 Cr in Mar'23 to 359.55 Cr in Mar'25, with profit after tax following suit, increasing from 208.70 Cr to 267.44 Cr during the same period. The earnings per share (EPS) have improved from 23.32 in Mar'23 to 28.38 in Mar'25. On the balance sheet, total assets have expanded from 1,326.16 Cr in Mar'23 to 2,215.22 Cr in Mar'25, while total liabilities have also increased, but the company has eliminated long-term borrowings, reducing total debt to 0.00 Cr by Mar'25. Cash flow from operating activities has shown a positive trend, increasing from 80.00 Cr in Mar'22 to 292.00 Cr in Mar'25, contributing to a net cash inflow of 12.00 Cr in the latest year. Overall, Happy Forgings has exhibited strong financial performance and growth across multiple dimensions.

Is Happy Forgings technically bullish or bearish?

As of December 2, 2025, Happy Forgings shows a bullish technical trend, supported by strong indicators like a bullish MACD, Bollinger Bands, and moving averages.

As of 2 December 2025, the technical trend for Happy Forgings has changed from mildly bullish to bullish. The weekly MACD is bullish, and both the weekly and monthly Bollinger Bands are bullish, indicating strong upward momentum. Daily moving averages also confirm a bullish stance. The KST is bullish on a weekly basis, while the Dow Theory and OBV both show mildly bullish signals on both weekly and monthly time frames. Overall, the current technical stance is bullish with strong indicators supporting this outlook.

Are Happy Forgings Ltd latest results good or bad?

Happy Forgings Ltd's latest results are generally positive, with an 11.80% increase in net profit and improved operating margins, despite modest revenue growth of 4.50%. However, investors should be cautious of the high P/E ratio and the need for accelerated revenue growth.

Happy Forgings Ltd's latest results can be considered good overall, despite some challenges in revenue growth. In Q2 FY2026, the company reported a net profit of ₹73.44 crore, which is an 11.80% increase compared to the previous quarter. This marks a positive trend in profitability. Additionally, the operating margin improved significantly to 30.68%, reflecting enhanced operational efficiency.<BR><BR>While the revenue growth year-on-year was modest at 4.50%, the sequential increase in net sales of 6.67% indicates that the company is managing to grow its top line effectively, even in a challenging market environment. The PAT margin reached 19.46%, the highest in seven quarters, showcasing improved profitability.<BR><BR>The company's balance sheet remains strong, with negligible debt and solid cash flow generation, which positions it well for future growth. However, the premium valuation at a P/E ratio of 40 times trailing earnings may raise some concerns about sustainability if revenue growth does not accelerate.<BR><BR>In summary, Happy Forgings has demonstrated resilience through margin expansion and profitability improvements, making the latest results generally favorable, though investors should remain cautious about the premium valuation and modest revenue growth.

Should I buy, sell or hold Happy Forgings Ltd?

Why is Happy Forgings Ltd falling/rising?

As of 05-Mar, Happy Forgings Ltd's stock price is rising to 1,270.00, reflecting a 2.02% increase after a trend reversal. The stock has significantly outperformed the market over various time frames, indicating strong investor interest and a bullish trend.

As of 05-Mar, Happy Forgings Ltd's stock price is rising, currently at 1,270.00, reflecting an increase of 25.2 (2.02%). This upward movement follows a trend reversal after three consecutive days of decline, indicating a potential shift in market sentiment. The stock has outperformed its sector by 1.03% today, suggesting strong relative strength compared to peers.<BR><BR>Additionally, the stock's performance over the past month shows a significant increase of 12.91%, contrasting with a decline of 3.96% in the broader market. Year-to-date, it has risen by 10.64%, while the market has fallen by 6.11%. Over the past year, Happy Forgings Ltd has delivered an impressive return of 56.42%, significantly outperforming the market's return of 8.53%.<BR><BR>Investor participation appears to be increasing, as evidenced by a 21.18% rise in delivery volume compared to the five-day average. This suggests growing interest among investors, which can contribute to upward price momentum. The stock is also trading above its 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a bullish trend.<BR><BR>Overall, the combination of strong recent performance, increasing investor participation, and a favorable market position contributes to the rising stock price of Happy Forgings Ltd.

Why is Happy Forgings Ltd falling/rising?

As of 06-Mar, Happy Forgings Ltd's stock price is falling to 1,251.00, down 1.6% due to underperformance relative to its sector and reduced investor participation. Despite a strong long-term gain of 54.64% over the past year, current metrics indicate short-term weakness.

As of 06-Mar, Happy Forgings Ltd's stock price is falling, currently at 1,251.00, reflecting a decrease of 20.35 (-1.6%). This decline can be attributed to several factors. Firstly, the stock has underperformed its sector by 0.93% today, indicating weaker performance relative to its peers. Additionally, there has been a notable drop in investor participation, with delivery volume on March 5 falling by 23.55% compared to the 5-day average, suggesting reduced interest from investors.<BR><BR>Despite the current decline, the stock has shown strong performance over the longer term, with a 54.64% increase over the past year, significantly outperforming the market benchmark, which returned only 6.16% in the same period. However, the recent performance metrics indicate that while the stock is above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, which may signal short-term weakness.<BR><BR>Overall, the combination of today's underperformance, declining investor participation, and mixed moving average signals contribute to the current downward trend in Happy Forgings Ltd's stock price.

Which are the latest news on Happy Forgings?