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Happy Forging Limited (IN:HAPPYFORGE)
:HAPPYFORGE
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₹716.10 - ₹1,332.00
Previous CloseN/A
Volume15.60K
Average Volume (3M)1.78K
Market Cap
₹122.53B
Enterprise Value₹124.39B
Total Cash (Recent Filing)₹604.41M
Total Debt (Recent Filing)₹0.00
Price to Earnings (P/E)42.9
Beta0.95
Next Earnings
May 22, 2026EPS Estimate
7.2Next Dividend Ex-DateN/A
Dividend Yield0.28%
Share Statistics
EPS (TTM)8.40
Shares Outstanding94,327,920
10 Day Avg. Volume1,850
30 Day Avg. Volume1,780
Financial Highlights & Ratios
PEG Ratio4.64
Price to Book (P/B)4.03
Price to Sales (P/S)5.29
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)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
High Profitability & MarginsSustained high gross (58%) and net (19%) margins indicate durable pricing power and efficient cost structure in core fabrication operations. Such margins provide long-term buffer versus input cost swings and support reinvestment or deleveraging, strengthening earnings resilience.
Conservative Balance SheetVery low leverage and a strong equity base reduce financial risk and increase strategic optionality for capex or M&A. Combined with a healthy ROE (14.5%), this balance sheet posture supports durable financial flexibility and resilience through industry cycles.
Improving Cash GenerationA large swing to positive free cash flow and OCF exceeding net income (OCF/NI 1.09) signals improving cash quality and earnings conversion. This structural improvement enhances the company's ability to fund capex, service debt, and support long-term operational needs.
Bears Say
Modest Revenue GrowthLow single-digit top-line growth (~3.7%) suggests limited organic expansion absent new markets or products. Persistently modest revenue trends can constrain long-term earnings compounding, reduce ability to scale fixed-cost leverage, and pressure investor expectations over months.
Weak Free Cash Flow ConversionDespite a large percentage increase in FCF, the free cash flow to net income ratio is only 0.08, indicating most accounting profits are not yet converting into discretionary cash. Low conversion limits capacity for sustained dividends, buybacks, or rapid deleveraging without operational improvement.
Minimal Shareholder PayoutsA near-negligible dividend yield (~0.26%) implies limited cash returned to shareholders and a payout policy that may not satisfy income-focused investors. Over the medium term, low payout reduces a reliable income component and puts more emphasis on capital gains for returns.
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 ₹716.10 and its highest was ₹1332.00 in the past 12 months.
What is Happy Forging Limited’s market cap?
Happy Forging Limited’s market cap is ₹122.53B.
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 94 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 7.2.
How many shares outstanding does Happy Forging Limited have?
Happy Forging Limited has 94,327,920 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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