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.

Are Happy Forgings latest results good or bad?

Happy Forgings' latest results are generally positive, with a 6.67% revenue increase and a record operating profit margin of 30.68%. However, concerns about its high valuation and a 13.70% decline in stock price over the past year may cause caution among investors.

Happy Forgings' latest results show a mixed but generally positive performance. For the quarter ending September 2025, the company reported a revenue of ₹377.39 crores, which is a 6.67% increase from the previous quarter and a 4.50% increase year-on-year. This sequential growth suggests a recovery in demand after a flat previous quarter.<BR><BR>The company also achieved an operating profit margin of 30.68%, marking the highest level in at least seven quarters and reflecting effective cost management and operational efficiencies. Net profit for the quarter was ₹73.44 crores, up 11.80% from the previous quarter, although the year-on-year growth was a modest 2.90%.<BR><BR>Despite these positive operational metrics, there are concerns regarding the company's valuation, as it trades at a premium P/E ratio of 35 times trailing earnings. This high valuation, combined with a decline in stock price of 13.70% over the past year, has led to some investor caution.<BR><BR>Overall, while Happy Forgings has demonstrated strong operational improvements and margin expansion, the modest growth rates and high valuation may temper enthusiasm among investors.

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.

Which are the latest news on Happy Forgings?

Should I buy, sell or hold Happy Forgings Ltd?

Why is Happy Forgings Ltd falling/rising?

As of 19-Jan, Happy Forgings Ltd's stock price is at 1,067.60, reflecting a decline of 1.32% and a total drop of 3.49% over the last three days. Investor interest is waning, indicated by a 60.45% drop in delivery volume, despite the stock trading above longer-term moving averages.

As of 19-Jan, Happy Forgings Ltd's stock price is falling, currently at 1,067.60, which reflects a decrease of 14.25 (-1.32%). The stock has been on a downward trend, having lost value for the last three consecutive days, resulting in a total decline of 3.49% during this period. Additionally, the stock's performance over the past week shows a decline of 2.07%, which is worse than the benchmark Sensex's drop of 0.75%. <BR><BR>Investor participation appears to be decreasing, as evidenced by a significant drop in delivery volume, which fell by 60.45% compared to the 5-day average. This decline in trading activity may indicate waning investor interest. Furthermore, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, suggesting short-term weakness.<BR><BR>Despite some positive financial results reported in September, including record operating cash flow and net sales, the overall sentiment appears to be negative, contributing to the stock's current decline.