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Happy Forging Limited (IN:HAPPYFORGE)
:HAPPYFORGE
India Market
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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
2.81 3.07 1.91 1.91 1.74
Quick Ratio
2.10 2.14 1.25 1.25 0.99
Cash Ratio
0.42 <0.01 <0.01 <0.01 <0.01
Solvency Ratio
0.94 1.13 0.78 0.78 0.53
Operating Cash Flow Ratio
0.00 0.78 0.82 0.82 0.33
Short-Term Operating Cash Flow Coverage
0.00 1.32 1.31 1.31 0.48
Net Current Asset Value
₹ 5.53B₹ 4.68B₹ 1.52B₹ 1.52B₹ 833.40M
Leverage Ratios
Debt-to-Assets Ratio
0.10 0.08 0.16 0.16 0.21
Debt-to-Equity Ratio
0.12 0.09 0.22 0.22 0.31
Debt-to-Capital Ratio
0.11 0.08 0.18 0.18 0.23
Long-Term Debt-to-Capital Ratio
0.00 0.00 0.06 0.06 0.09
Financial Leverage Ratio
1.20 1.17 1.34 1.34 1.43
Debt Service Coverage Ratio
1.45 2.06 1.59 1.59 1.08
Interest Coverage Ratio
55.97 52.66 23.45 23.45 31.18
Debt to Market Cap
0.03 0.02 0.02 0.02 0.02
Interest Debt Per Share
25.00 17.06 24.52 24.52 26.19
Net Debt to EBITDA
0.21 0.36 0.63 0.63 1.01
Profitability Margins
Gross Profit Margin
58.00%54.17%53.95%53.95%43.78%
EBIT Margin
25.34%24.69%24.40%24.40%25.00%
EBITDA Margin
30.73%29.52%28.97%28.97%29.85%
Operating Profit Margin
29.94%45.66%24.45%24.45%24.90%
Pretax Profit Margin
25.51%23.88%23.40%23.40%24.20%
Net Profit Margin
18.98%17.89%17.44%17.44%17.93%
Continuous Operations Profit Margin
18.98%17.89%17.44%17.44%17.93%
Net Income Per EBT
74.38%74.91%74.53%74.53%74.09%
EBT Per EBIT
85.21%52.31%95.73%95.73%97.16%
Return on Assets (ROA)
12.07%12.88%15.74%15.74%12.59%
Return on Equity (ROE)
15.53%15.07%21.12%21.12%18.07%
Return on Capital Employed (ROCE)
22.33%37.72%27.35%27.35%22.35%
Return on Invested Capital (ROIC)
14.82%25.90%17.72%17.72%13.94%
Return on Tangible Assets
12.15%12.92%15.75%15.75%12.61%
Earnings Yield
3.08%2.91%2.15%2.15%1.47%
Efficiency Ratios
Receivables Turnover
3.30 3.66 3.88 3.88 3.50
Payables Turnover
13.04 11.21 11.54 11.54 10.09
Inventory Turnover
2.55 2.78 3.25 3.25 2.43
Fixed Asset Turnover
1.39 1.46 1.59 1.59 1.19
Asset Turnover
0.64 0.72 0.90 0.90 0.70
Working Capital Turnover Ratio
4.76 3.70 5.79 5.79 4.72
Cash Conversion Cycle
225.90 198.56 174.69 174.69 218.55
Days of Sales Outstanding
110.50 99.69 93.97 93.97 104.22
Days of Inventory Outstanding
143.38 131.43 112.34 112.34 150.51
Days of Payables Outstanding
27.99 32.56 31.62 31.62 36.18
Operating Cycle
253.88 231.12 206.31 206.31 254.73
Cash Flow Ratios
Operating Cash Flow Per Share
0.00 20.83 22.23 22.23 8.52
Free Cash Flow Per Share
0.00 -0.56 3.70 3.70 -11.73
CapEx Per Share
0.00 21.39 18.53 18.53 20.26
Free Cash Flow to Operating Cash Flow
0.00 -0.03 0.17 0.17 -1.38
Dividend Paid and CapEx Coverage Ratio
0.00 0.92 1.20 1.20 0.42
Capital Expenditure Coverage Ratio
0.00 0.97 1.20 1.20 0.42
Operating Cash Flow Coverage Ratio
0.00 1.32 0.96 0.96 0.33
Operating Cash Flow to Sales Ratio
0.00 0.14 0.18 0.18 0.10
Free Cash Flow Yield
0.00%-0.06%0.36%0.36%-1.14%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
32.50 34.41 46.53 46.53 68.25
Price-to-Sales (P/S) Ratio
6.17 6.16 8.12 8.12 12.23
Price-to-Book (P/B) Ratio
4.70 5.19 9.83 9.83 12.33
Price-to-Free Cash Flow (P/FCF) Ratio
0.00 -1.64K 278.48 278.48 -87.84
Price-to-Operating Cash Flow Ratio
0.00 44.24 46.36 46.36 120.94
Price-to-Earnings Growth (PEG) Ratio
-132.10 1.65 1.00 1.00 1.06
Price-to-Fair Value
4.70 5.19 9.83 9.83 12.33
Enterprise Value Multiple
20.30 21.21 28.64 28.64 42.00
Enterprise Value
87.88B 85.04B 99.29B 99.29B 99.51B
EV to EBITDA
20.30 21.21 28.64 28.64 42.00
EV to Sales
6.24 6.26 8.30 8.30 12.54
EV to Free Cash Flow
0.00 -1.67K 284.75 284.75 -90.01
EV to Operating Cash Flow
0.00 44.99 47.40 47.40 123.93
Tangible Book Value Per Share
194.82 177.06 104.75 104.75 83.44
Shareholders’ Equity Per Share
196.36 177.72 104.91 104.91 83.61
Tax and Other Ratios
Effective Tax Rate
0.26 0.25 0.25 0.25 0.26
Revenue Per Share
149.58 149.70 127.01 127.01 84.25
Net Income Per Share
28.38 26.78 22.15 22.15 15.10
Tax Burden
0.74 0.75 0.75 0.75 0.74
Interest Burden
1.01 0.97 0.96 0.96 0.97
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.08 <0.01 <0.01 <0.01
Stock-Based Compensation to Revenue
0.00 <0.01 0.00 0.00 0.00
Income Quality
0.00 0.78 0.75 0.75 0.42
Currency in INR
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