Happy Forging Limited (IN:HAPPYFORGE)
:HAPPYFORGE
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HAPPYFORGE Stock Chart & Stats
₹1170.30
-₹7.55(-0.75%)
At close: 4:00 PM EST
₹1170.30
-₹7.55(-0.75%)
Day’s Range― - ―
52-Week Range₹755.45 - ₹1,391.10
Previous CloseN/A
Volume15.60K
Average Volume (3M)1.78K
Market Cap
₹127.56B
Enterprise Value₹124.56B
Total Cash (Recent Filing)₹1.85B
Total Debt (Recent Filing)₹1.93B
Price to Earnings (P/E)34.3
Beta0.98
Next Earnings
May 22, 2026EPS Estimate
8.2Next Dividend Ex-DateN/A
Dividend Yield0.28%
Share Statistics
EPS (TTM)8.40
Shares Outstanding94,350,464
10 Day Avg. Volume1,850
30 Day Avg. Volume1,780
Financial Highlights & Ratios
PEG Ratio2.77
Price to Book (P/B)4.03
Price to Sales (P/S)5.75
P/FCF Ratio351.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)36.12
Revenue Forecast (FY)₹17.91B
Bulls Say, Bears Say
Bulls Say
High Profitability / MarginsSustained high gross (58%) and net (19%) margins indicate durable cost control and pricing power in the metal fabrication business. These margins create a persistent earnings buffer, fund reinvestment and support returns across business cycles over the next several months.
Conservative Balance SheetVery low leverage (D/E 0.12) and an 83.5% equity ratio provide long-term financial flexibility and low refinancing risk. This conservative capital structure supports capex, opportunistic M&A and resilience through cyclical industry downturns without stressing liquidity.
Improving Cash GenerationA 515.9% jump to positive free cash flow and OCF/NI of 1.09 show meaningful improvement in operational cash conversion. This strengthens the firm's ability to fund working capital and capex internally and reduces reliance on external financing over the medium term.
Bears Say
Low Free Cash Flow ConversionFree cash flow to net income at 0.08 signals limited free cash relative to reported earnings even after improvement. That constrains sustainable dividend policy, buybacks and organic investment without increasing leverage or seeking external capital.
Modest Revenue GrowthRevenue growth around ~3.7% is steady but modest for a manufacturing firm, limiting scale benefits. Over the medium term this forces reliance on margin expansion for earnings growth and leaves the company more exposed if end-market demand softens.
Moderate EPS GrowthEPS growth near 7.5% suggests limited operating leverage or constrained market share gains. Modest EPS momentum can cap long-term shareholder returns and implies future improvements will need efficiency gains or higher revenue growth to materially accelerate earnings.
Happy Forging Limited News
HAPPYFORGE FAQ
What was Happy Forging Limited’s price range in the past 12 months?
Happy Forging Limited lowest stock price was ₹755.45 and its highest was ₹1391.10 in the past 12 months.
What is Happy Forging Limited’s market cap?
Happy Forging Limited’s market cap is ₹127.56B.
When is Happy Forging Limited’s upcoming earnings report date?
Happy Forging Limited’s upcoming earnings report date is May 22, 2026 which is in 21 days.
How were Happy Forging Limited’s earnings last quarter?
Happy Forging Limited released its earnings results on Feb 09, 2026. The company reported ₹8.4 earnings per share for the quarter, beating the consensus estimate of ₹7.8 by ₹0.6.
Is Happy Forging Limited overvalued?
According to Wall Street analysts Happy Forging Limited’s price is currently Overvalued.
Does Happy Forging Limited pay dividends?
Happy Forging Limited pays a Notavailable dividend of ₹3 which represents an annual dividend yield of 0.28%. See more information on Happy Forging Limited dividends here
What is Happy Forging Limited’s EPS estimate?
Happy Forging Limited’s EPS estimate is 8.2.
How many shares outstanding does Happy Forging Limited have?
Happy Forging Limited has 94,350,464 shares outstanding.
What happened to Happy Forging Limited’s price movement after its last earnings report?
Happy Forging Limited reported an EPS of ₹8.4 in its last earnings report, beating expectations of ₹7.8. Following the earnings report the stock price went up 2.939%.
Which hedge fund is a major shareholder of Happy Forging Limited?
Currently, no hedge funds are holding shares in IN:HAPPYFORGE
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Happy Forging Limited
Happy Forgings Limited engages in the manufacture of forgings and related components in India. It offers heavy forged and machined products, including bicycle pedals, brake flanges, bushes, bull gears, camshafts, crankshafts, connecting rods, crown wheels, differential cases, front axle beams, steering knuckles, differential cases, semi-machined transmission parts, planetary carriers, pinion shafts, piston pins, ring gears, suspension brackets, and valve bodies. The company serves the manufacturers of heavy commercial vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. It also exports its products to Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States. The company was incorporated in 1979 and is based in Ludhiana, India.
Technical Analysis
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