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

Happy Forging Limited (HAPPYFORGE) Ratios

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Happy Forging Limited Ratios

IN:HAPPYFORGE's free cash flow for Q2 2026 was ₹0.46. For the 2026 fiscal year, IN:HAPPYFORGE's free cash flow was decreased by ₹ and operating cash flow was ₹0.27. See a summary of the company’s cash flow.
Ratios
TTM
Mar 25Mar 24Mar 23Mar 22
Liquidity Ratios
Current Ratio
 3.15 2.81 3.07 1.91 1.74
Quick Ratio
 2.41 2.10 2.14 1.25 0.99
Cash Ratio
 0.05 0.42 <0.01 <0.01 <0.01
Solvency Ratio
 1.08 0.94 1.13 0.78 0.53
Operating Cash Flow Ratio
 0.72 0.90 0.78 0.82 0.33
Short-Term Operating Cash Flow Coverage
 1.13 1.28 1.32 1.31 0.48
Net Current Asset Value
₹ 6.08B₹ 5.53B₹ 4.68B₹ 1.52B₹ 833.40M
Leverage Ratios
Debt-to-Assets Ratio
 0.08 0.10 0.08 0.16 0.21
Debt-to-Equity Ratio
 0.10 0.12 0.09 0.22 0.31
Debt-to-Capital Ratio
 0.09 0.11 0.08 0.18 0.23
Long-Term Debt-to-Capital Ratio
 0.00 0.00 0.00 0.06 0.09
Financial Leverage Ratio
 1.17 1.20 1.17 1.34 1.43
Debt Service Coverage Ratio
 1.83 1.34 2.06 1.59 1.08
Interest Coverage Ratio
 49.06 91.91 52.66 42.82 26.98
Debt to Market Cap
 0.02 0.03 0.02 0.02 0.02
Interest Debt Per Share
 21.39 24.98 17.06 24.52 26.27
Net Debt to EBITDA
 0.38 0.22 0.36 0.63 1.01
Profitability Margins
Gross Profit Margin
51.36%58.00%54.17%25.51%43.78%
EBIT Margin
25.74%23.40%24.69%25.15%25.00%
EBITDA Margin
31.43%28.87%29.52%29.86%29.85%
Operating Profit Margin
30.32%49.15%45.66%46.02%24.33%
Pretax Profit Margin
25.80%25.52%23.88%24.12%24.20%
Net Profit Margin
19.38%18.98%17.89%17.98%17.93%
Continuous Operations Profit Margin
19.38%18.98%17.89%17.98%17.93%
Net Income Per EBT
75.09%74.38%74.91%74.53%74.09%
EBT Per EBIT
85.12%51.93%52.31%52.42%99.43%
Return on Assets (ROA)
12.42%12.07%12.88%15.74%12.59%
Return on Equity (ROE)
15.51%14.46%15.07%21.12%18.07%
Return on Capital Employed (ROCE)
22.35%36.66%37.72%49.95%21.83%
Return on Invested Capital (ROIC)
15.31%24.33%25.99%32.37%13.62%
Return on Tangible Assets
12.51%12.15%12.92%15.75%12.61%
Earnings Yield
2.39%3.59%2.91%2.15%1.47%
Efficiency Ratios
Receivables Turnover
 3.88 3.30 3.66 3.76 3.50
Payables Turnover
 16.94 13.04 11.21 11.54 10.09
Inventory Turnover
 3.19 2.55 2.78 3.25 2.43
Fixed Asset Turnover
 1.27 1.39 1.46 1.54 1.19
Asset Turnover
 0.64 0.64 0.72 0.88 0.70
Working Capital Turnover Ratio
 4.55 2.58 3.70 5.61 4.72
Cash Conversion Cycle
 187.06 225.90 198.56 177.87 218.55
Days of Sales Outstanding
 94.05 110.50 99.69 97.15 104.22
Days of Inventory Outstanding
 114.56 143.38 131.43 112.34 150.51
Days of Payables Outstanding
 21.55 27.99 32.56 31.62 36.18
Operating Cycle
 208.61 253.88 231.12 209.49 254.73
Cash Flow Ratios
Operating Cash Flow Per Share
 23.06 31.01 20.83 22.23 8.52
Free Cash Flow Per Share
 0.85 2.25 -0.56 3.70 -11.73
CapEx Per Share
 22.20 28.76 21.39 18.53 20.26
Free Cash Flow to Operating Cash Flow
 0.04 0.07 -0.03 0.17 -1.38
Dividend Paid and CapEx Coverage Ratio
 0.91 0.95 0.92 1.20 0.42
Capital Expenditure Coverage Ratio
 1.04 1.08 0.97 1.20 0.42
Operating Cash Flow Coverage Ratio
 1.13 1.28 1.32 0.96 0.33
Operating Cash Flow to Sales Ratio
 0.15 0.21 0.14 0.18 0.10
Free Cash Flow Yield
0.07%0.28%-0.06%0.36%-1.14%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 41.13 27.88 34.41 46.53 68.25
Price-to-Sales (P/S) Ratio
 7.97 5.29 6.16 8.36 12.23
Price-to-Book (P/B) Ratio
 6.00 4.03 5.19 9.83 12.33
Price-to-Free Cash Flow (P/FCF) Ratio
 1.46K 351.72 -1.64K 278.48 -87.84
Price-to-Operating Cash Flow Ratio
 54.04 25.51 44.24 46.36 120.94
Price-to-Earnings Growth (PEG) Ratio
 7.79 4.64 2.32 0.85 0.97
Price-to-Fair Value
 6.00 4.03 5.19 9.83 12.33
Enterprise Value Multiple
 25.75 18.56 21.21 28.64 42.00
Enterprise Value
 121.14B 75.48B 85.04B 99.29B 99.51B
EV to EBITDA
 26.14 18.56 21.21 28.64 42.00
EV to Sales
 8.22 5.36 6.26 8.55 12.54
EV to Free Cash Flow
 1.50K 356.04 -1.67K 284.75 -90.01
EV to Operating Cash Flow
 55.71 25.82 44.99 47.40 123.93
Tangible Book Value Per Share
 205.90 194.66 177.06 104.75 83.44
Shareholders’ Equity Per Share
 207.74 196.20 177.72 104.91 83.61
Tax and Other Ratios
Effective Tax Rate
 0.25 0.26 0.25 0.25 0.26
Revenue Per Share
 156.34 149.46 149.70 123.24 84.25
Net Income Per Share
 30.29 28.37 26.78 22.15 15.10
Tax Burden
 0.75 0.74 0.75 0.75 0.74
Interest Burden
 1.00 1.09 0.97 0.96 0.97
Research & Development to Revenue
 0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
 0.02 0.09 0.08 <0.01 <0.01
Stock-Based Compensation to Revenue
 <0.01 <0.01 <0.01 0.00 0.00
Income Quality
 0.65 1.09 0.78 1.00 0.56
Currency in INR