Happy Forgings

Which are the latest news on Happy Forgings?

Why is Happy Forgings Ltd falling/rising?

As of 05-Sep, Happy Forgings Ltd's stock price is declining, currently at 2,239.75, reflecting a 2.2% drop. This decline is part of a broader trend of underperformance, with a 7.45% loss over the last three days and decreased investor participation.

As of 05-Sep, Happy Forgings Ltd's stock price is falling, currently at 2,239.75, which reflects a decrease of 50.3 points or 2.2%. This decline is part of a broader trend, as the stock has been underperforming, having lost 7.45% over the last three days. Additionally, it has underperformed its sector by 2.13% today.<BR><BR>The stock's performance over the past week shows a decline of 2.85%, while the benchmark Sensex has only decreased by 0.97%. Despite a strong performance over the longer term, with a 150.52% increase over the past year, recent trading activity indicates a drop in investor participation, as evidenced by a significant 47.16% decrease in delivery volume compared to the five-day average.<BR><BR>Furthermore, the stock touched an intraday low of Rs 2229.85, indicating selling pressure. Although the stock remains above its longer-term moving averages, it is currently below its five-day moving average, suggesting a short-term weakness. Overall, these factors contribute to the current downward movement in Happy Forgings Ltd's stock price.

Who are in the management team of Happy Forgings?

The management team of Happy Forgings includes key members such as Paritosh Kumar and Ashish Garg as Managing Directors, along with Directors Satish Sekhri, Suman Garg, Narinder Juneja Singh, Vikas Giya, Nitin Aggarwal, Suresh Chander Garg, and Megha Garg, and Company Secretary Depesh Kumar. They are responsible for the company's governance and strategic direction.

The management team of Happy Forgings includes the following individuals:<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 plays a crucial role in the governance and strategic direction of the company.

What does Happy Forgings do?

Happy Forgings Ltd, incorporated in 1979, operates in the castings and forgings industry with a market cap of INR 22,110 Cr. As of June 2026, it reported net sales of 449 Cr and a net profit of 91 Cr.

Overview:<BR>Happy Forgings Ltd is a company engaged in the castings and forgings industry, categorized as a small-cap entity.<BR><BR>History:<BR>Happy Forgings Limited was incorporated in 1979 as 'Happy Forgings Private Limited' in Jalandhar, Punjab. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 449 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 91 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 22,110 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 70.00 <BR>Industry P/E: 41 <BR>Dividend Yield: 0.17% <BR>Debt-Equity: 0.02 <BR>Return on Equity: 14.17% <BR>Price to Book: 10.21 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

Who are the peers of the Happy Forgings?

Happy Forgings' peers include AIA Engineering, Balu Forge, Steelcast, Amic Forging, Inv.& Prec.Cast., Nelcast, Synergy Green, Magna Electrocas, and Tirupati Forge. Happy Forgings has the highest 1-year return at 170.53%, while Nelcast has the lowest at -19.11%.

Peers: The peers of Happy Forgings are AIA Engineering, Balu Forge, Steelcast, Amic Forging, Inv.& Prec.Cast., Nelcast, Synergy Green, Magna Electrocas, and Tirupati Forge.<BR><BR>Quality Snapshot: Excellent management risk is observed at Steelcast, while Average management risk is found at Happy Forgings, Balu Forge, Amic Forging, Inv.& Prec.Cast., Nelcast, Synergy Green, Magna Electrocas, and Tirupati Forge, and the rest. Growth is Excellent at Balu Forge and Tirupati Forge, while Below Average growth is noted for AIA Engineering, Happy Forgings, Inv.& Prec.Cast., Nelcast, and Synergy Green, and the rest. Excellent capital structure is seen at AIA Engineering, Happy Forgings, Balu Forge, Steelcast, Amic Forging, and Magna Electrocas, while Below Average capital structure is found at Inv.& Prec.Cast., Nelcast, and Synergy Green, and the rest.<BR><BR>Return Snapshot: Happy Forgings has the highest 1-year return at 170.53%, while Nelcast has the lowest at -19.11%, indicating that Happy Forgings significantly outperforms its peers. Additionally, Nelcast and Synergy Green have negative six-month returns.

How big is Happy Forgings?

As of 31st August, Happy Forgings Ltd has a market capitalization of 22,110.00 Cr, with recent net sales of 1,641.96 Cr and net profit of 327.40 Cr over the last four quarters.

As of 31st August, <BR><BR>Market Cap: Happy Forgings Ltd has a market capitalization of 22,110.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 1,641.96 Cr, while the sum of Net Profit for the same period is 327.40 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2026, with Shareholder's Funds amounting to 2,128.12 Cr and Total Assets totaling 2,632.81 Cr.

Are Happy Forgings Ltd latest results good or bad?

Happy Forgings Ltd's latest Q1 FY27 results are strong, with a net profit increase of 39.23% and revenue growth of 27.03%. However, the high P/E ratio of 53.48 raises concerns about the sustainability of its valuation.

Happy Forgings Ltd's latest results for Q1 FY27 indicate a strong performance overall. The company reported a net profit of ₹91.46 crores, which reflects a significant year-on-year increase of 39.23%. Additionally, revenue grew to ₹449.42 crores, marking a 27.03% increase compared to the same quarter last year. This growth is particularly noteworthy as it outpaces the company's five-year sales compound annual growth rate of 6.70%, suggesting an acceleration in business momentum.<BR><BR>The operating margin also showed improvement, standing at 31.34%, which is a 280 basis points expansion from the previous year. This indicates effective cost management and operational efficiency. Furthermore, the profit after tax (PAT) margin increased to 20.35%, up from 18.57% in the same quarter last year, showcasing better profitability.<BR><BR>However, while the operational metrics are encouraging, there are concerns regarding the company's valuation. Happy Forgings trades at a high price-to-earnings (P/E) ratio of 53.48, significantly above the industry average of 38. This elevated valuation raises questions about the sustainability of its growth and whether it justifies the current stock price.<BR><BR>In summary, Happy Forgings Ltd's latest results are strong in terms of growth and profitability, but the high valuation presents a cautionary note for potential investors.

Should I buy, sell or hold Happy Forgings Ltd?

When is the next results date for Happy Forgings Ltd?

The next results date for Happy Forgings Ltd is August 4, 2026.

The next results date for Happy Forgings Ltd is scheduled for August 4, 2026.

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.

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.

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.

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.

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.