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Happy Forging Limited (IN:HAPPYFORGE)
:HAPPYFORGE
India Market

Happy Forging Limited (HAPPYFORGE) Ratios

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Happy Forging Limited Ratios

IN:HAPPYFORGE's free cash flow for Q4 2025 was ₹0.59. For the 2025 fiscal year, IN:HAPPYFORGE's free cash flow was decreased by ₹ and operating cash flow was ₹0.23. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
2.15 3.07 1.91 1.74 1.86
Quick Ratio
1.56 2.14 1.25 0.99 1.19
Cash Ratio
0.02 <0.01 <0.01 <0.01 0.02
Solvency Ratio
0.53 1.13 0.78 0.53 0.53
Operating Cash Flow Ratio
1.31 0.78 0.82 0.33 0.28
Short-Term Operating Cash Flow Coverage
2.63 1.32 1.31 0.48 0.40
Net Current Asset Value
₹ 4.68B₹ 4.68B₹ 1.52B₹ 833.40M₹ 1.06B
Leverage Ratios
Debt-to-Assets Ratio
0.16 0.08 0.16 0.21 0.18
Debt-to-Equity Ratio
0.21 0.09 0.22 0.31 0.24
Debt-to-Capital Ratio
0.17 0.08 0.18 0.23 0.19
Long-Term Debt-to-Capital Ratio
0.09 0.00 0.06 0.09 0.04
Financial Leverage Ratio
1.37 1.17 1.34 1.43 1.36
Debt Service Coverage Ratio
1.97 2.06 1.59 1.08 1.00
Interest Coverage Ratio
0.00 52.66 23.45 31.18 11.54
Debt to Market Cap
0.01 0.02 0.02 0.02 0.02
Interest Debt Per Share
13.23 17.06 24.52 26.19 17.48
Net Debt to EBITDA
0.36 0.36 0.63 1.01 0.91
Profitability Margins
Gross Profit Margin
53.24%54.17%53.95%43.78%46.60%
EBIT Margin
20.43%24.69%24.40%25.00%23.37%
EBITDA Margin
25.52%29.52%28.97%29.85%30.00%
Operating Profit Margin
20.43%45.66%24.45%24.90%23.50%
Pretax Profit Margin
17.17%23.88%23.40%24.20%21.34%
Net Profit Margin
14.32%17.89%17.44%17.93%15.76%
Continuous Operations Profit Margin
14.32%17.89%17.44%17.93%15.76%
Net Income Per EBT
83.44%74.91%74.53%74.09%73.85%
EBT Per EBIT
84.01%52.31%95.73%97.16%90.80%
Return on Assets (ROA)
12.88%12.88%15.74%12.59%9.86%
Return on Equity (ROE)
15.07%15.07%21.12%18.07%13.40%
Return on Capital Employed (ROCE)
37.72%37.72%27.35%22.35%18.54%
Return on Invested Capital (ROIC)
25.90%25.90%17.72%13.94%11.63%
Return on Tangible Assets
12.92%12.92%15.75%12.61%9.88%
Earnings Yield
2.91%2.91%2.15%1.47%0.89%
Efficiency Ratios
Receivables Turnover
4.05 3.66 3.88 3.50 3.15
Payables Turnover
7.27 11.21 11.54 10.09 7.72
Inventory Turnover
3.45 2.78 3.25 2.43 2.41
Fixed Asset Turnover
1.45 1.46 1.59 1.19 1.21
Asset Turnover
0.73 0.72 0.90 0.70 0.63
Working Capital Turnover Ratio
0.00 3.70 5.79 4.72 3.60
Cash Conversion Cycle
198.56 198.56 174.69 218.55 220.20
Days of Sales Outstanding
99.69 99.69 93.97 104.22 116.02
Days of Inventory Outstanding
131.43 131.43 112.34 150.51 151.43
Days of Payables Outstanding
32.56 32.56 31.62 36.18 47.25
Operating Cycle
231.12 231.12 206.31 254.73 267.45
Cash Flow Ratios
Operating Cash Flow Per Share
18.85 20.83 22.23 8.52 5.29
Free Cash Flow Per Share
7.56 -0.56 3.70 -11.73 -4.44
CapEx Per Share
11.29 21.39 18.53 20.26 9.73
Free Cash Flow to Operating Cash Flow
0.40 -0.03 0.17 -1.38 -0.84
Dividend Paid and CapEx Coverage Ratio
1.67 0.92 1.20 0.42 0.54
Capital Expenditure Coverage Ratio
1.67 0.97 1.20 0.42 0.54
Operating Cash Flow Coverage Ratio
1.42 1.32 0.96 0.33 0.32
Operating Cash Flow to Sales Ratio
0.30 0.14 0.18 0.10 0.09
Free Cash Flow Yield
-0.06%-0.06%0.36%-1.14%-0.43%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
115.40 34.41 46.53 68.25 112.33
Price-to-Sales (P/S) Ratio
16.53 6.16 8.12 12.23 17.70
Price-to-Book (P/B) Ratio
16.52 5.19 9.83 12.33 15.05
Price-to-Free Cash Flow (P/FCF) Ratio
136.38 -1.64K 278.48 -87.84 -232.25
Price-to-Operating Cash Flow Ratio
54.68 44.24 46.36 120.94 194.79
Price-to-Earnings Growth (PEG) Ratio
0.00 1.65 1.00 1.06 40.12
Price-to-Fair Value
16.52 5.19 9.83 12.33 15.05
Enterprise Value Multiple
65.60 21.21 28.64 42.00 59.91
Enterprise Value
85.04B 85.04B 99.29B 99.51B 98.61B
EV to EBITDA
21.21 21.21 28.64 42.00 59.91
EV to Sales
6.26 6.26 8.30 12.54 17.97
EV to Free Cash Flow
-1.67K -1.67K 284.75 -90.01 -235.85
EV to Operating Cash Flow
44.99 44.99 47.40 123.93 197.81
Tangible Book Value Per Share
62.29 177.06 104.75 83.44 68.37
Shareholders’ Equity Per Share
62.40 177.72 104.91 83.61 68.48
Tax and Other Ratios
Effective Tax Rate
0.17 0.25 0.25 0.26 0.26
Revenue Per Share
62.36 149.70 127.01 84.25 58.24
Net Income Per Share
8.93 26.78 22.15 15.10 9.18
Tax Burden
0.75 0.75 0.75 0.74 0.74
Interest Burden
0.97 0.97 0.96 0.97 0.91
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.08 0.08 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
<0.01 <0.01 0.00 0.00 0.00
Income Quality
0.78 0.78 0.75 0.42 0.43
Currency in INR
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