Happy Forgings Limited
Web: happyforgingsltd.com NSE: HAPPYFORGE BSE: 544057 SECTOR: Capital Goods - Industrial Products | Add Note | View Notes
2247 47(-2%)
Near 52W High of 2470
Volume
1L as on 23, Jun
Open
980
High
988
Low
970
Close
2,294
VWAP
1,560
52 Week High
2,470
52 Week Low
862
Quality Score
51/100
Growth Score
30/100
Valuation Score
50/100
Momentum Score
45/100
Analyst Recommendations
BUY/SELL
|
|
Analyst Price Target
-
Market Cap (cr)
21,211
No. of Shares
P/E
39.69
P/B
6.37
Face Value
2
Div. Yield
-
Book Value (TTM)
-
CASH
-
DEBT
-
EPS (TTM)
-
ROE
16.06
ROCE
-
Profit Growth
-
Listing Date
27-Dec-23
Promoter Holding
78.48%
FII Holding
1.73%
DII Holding
16.48%
Price Chart
Price Performance
1 Week16%
1 Month13%
3 Months28%
6 Months18%
1 Year18%
YTD18%
Moving Average
5 Day SMA1,492
10 Day SMA1,418
20 Day SMA1,405
30 Day SMA1,401
50 Day SMA1,376
61 Day SMA1,346
80 Day SMA1,105
200 Day SMA0
PIVOT LEVEL
| Standard | Camarilla | Fibonacci | Woodie's | |
|---|---|---|---|---|
| Resistance 3 | 1,684 | 1,581 | 1,624 | 1,677 |
| Resistance 2 | 1,624 | 1,572 | 1,588 | 1,621 |
| Resistance 1 | 1,590 | 1,563 | 1,566 | 1,583 |
| Pivot Point | 1,530 | 1,555 | 1,530 | 1,527 |
| Support 1 | 1,495 | 1,546 | 1,494 | 1,489 |
| Support 2 | 1,436 | 1,538 | 1,472 | 1,433 |
| Support 3 | 1,401 | 1,529 | 1,436 | 1,395 |
Competitors/Peers
| # | Symbol | MCAP | LTP | 1W | 1M | 6M | 1Y | P/E | Ind PE | Debt/Eq | NP Qtr Rs.Cr. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HAL | 3,29,158 | 4922 | 3% | 2% | 21% | 7% | 31 | 94 | 0 | 9116 |
| 2 | BEL | 2,98,458 | 405 | 1% | 4% | 10% | 10% | 49 | 94 | 0 | 6062 |
| 3 | TMCV | 1,68,152 | 457 | 3% | 2% | 8% | 40% | 0 | 94 | 0.44 | 3030 |
| 4 | ABB | 1,57,098 | 7414 | 1% | 2% | 24% | 44% | 93 | 94 | 0.02 | 1668 |
| 5 | BHEL | 1,50,199 | 431 | 0% | 5% | 65% | 105% | 409 | 94 | 0.31 | 1600 |
| 6 | SIEMENS | 1,41,882 | 3984 | 2% | 3% | 21% | 28% | 66 | 94 | 0.02 | 2754 |
| 7 | CGPOWER | 1,41,050 | 895 | 0% | 8% | 26% | 21% | 119 | 94 | 0.01 | 1199 |
| 8 | POWERINDIA | 1,40,760 | 31580 | 6% | 0 | 25% | 69% | 150 | 94 | 0.02 | 988 |
| 9 | CUMMINSIND | 1,39,335 | 5026 | 2% | 9% | 5% | 29% | 74 | 94 | 0 | 2362 |
| 10 | POLYCAB | 1,24,768 | 8280 | 3% | 3% | 3% | 21% | 52 | 94 | 0.02 | 2708 |
| Load More | |||||||||||
Quarterly Results
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 424 | 391 | 377 | 354 | 352 | 354 | 361 | 341 | 343 | 342 | 343 | 330 | 302 |
| Sales Growth % (YoY) | 20.4% | 10.4% | 4.5% | 3.6% | 2.5% | 3.6% | 5.3% | 3.5% | 13.5% | - | - | - | - |
| Sales Growth % (QoQ) | 8.4% | 3.7% | 6.5% | 0.6% | -0.6% | -1.9% | 5.9% | -0.6% | 0.3% | -0.3% | 3.9% | 9.3% | - |
| Expenses | 291 | 271 | 262 | 253 | 250 | 253 | 256 | 244 | 246 | 247 | 249 | 230 | 217 |
| Operating Profit | 133 | 120 | 116 | 101 | 102 | 101 | 105 | 98 | 97 | 95 | 94 | 100 | 86 |
| OPM % | 31 | 31 | 31 | 29 | 29 | 29 | 29 | 29 | 28 | 28 | 27 | 30 | 28 |
| Other Income | 6 | 8 | 6 | 10 | 10 | 7 | 13 | 8 | 7 | 3 | 1 | 3 | 2 |
| Interest | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 4 | 4 | 3 | 5 |
| Depreciation | 25 | 22 | 22 | 21 | 20 | 19 | 20 | 18 | 16 | 17 | 16 | 15 | 14 |
| Profit before tax | 111 | 104 | 99 | 89 | 90 | 87 | 97 | 86 | 87 | 78 | 74 | 85 | 68 |
| Tax % | 25 | 24 | 26 | 26 | 24 | 26 | 27 | 26 | 25 | 25 | 25 | 25 | 25 |
| Net Profit | 84 | 79 | 73 | 66 | 68 | 65 | 71 | 64 | 66 | 58 | 55 | 64 | 51 |
| Net Profit Growth % (QoQ) | 6.3% | 8.2% | 10.6% | -2.9% | 4.6% | -8.5% | 10.9% | -3% | 13.8% | 5.5% | -14.1% | 25.5% | - |
| Net Profit Growth % (YoY) | 23.5% | 21.5% | 2.8% | 3.1% | 3% | 12.1% | 29.1% | - | 29.4% | - | - | - | - |
| TTM Net Profit | 302 | 286 | 272 | 270 | 268 | 266 | 259 | 243 | 243 | 228 | 170 | 115 | 0 |
| EPS in Rs | 8.86 | 8.37 | 7.79 | 6.97 | 7.18 | 6.85 | 7.58 | 6.77 | 6.98 | 6.15 | 6.17 | 7.16 | 5.66 |
Profit and Loss
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|---|
| Sales | 1546 | 1409 | 1358 | 1197 | 860 | 585 |
| Sales Growth % | 9.8% | 3.7% | 13.5% | 39.1% | 47% | - |
| Expenses | 1076 | 1002 | 971 | 856 | 629 | 426 |
| Operating Profit | 471 | 407 | 388 | 341 | 231 | 159 |
| OPM % | 30 | 29 | 29 | 28 | 27 | 27 |
| Other Income | 31 | 37 | 13 | 6 | 6 | 6 |
| Interest | 10 | 8 | 12 | 12 | 7 | 12 |
| Depreciation | 89 | 77 | 65 | 54 | 38 | 36 |
| Profit before tax | 402 | 360 | 324 | 280 | 192 | 117 |
| Tax % | 25 | 26 | 25 | 25 | 26 | 26 |
| Net Profit | 302 | 267 | 243 | 209 | 142 | 86 |
| Net Profit Growth % | 13.1% | 9.9% | 16.3% | 47.2% | 65.1% | - |
| EPS in Rs | 31.97 | 28.38 | 25.79 | 23.32 | 15.9 | 965.92 |
| Dividend Payout % | 13 | 11 | 16 | 6 | 0 | 0 |
Cash Flows
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 445 | 292 | 189 | 209 | 80 | 60 |
| Cash from Investing Activity | -497 | -320 | -470 | -172 | -166 | -59 |
| Cash from Financing Activity | 65 | 40 | 281 | -37 | 83 | 0 |
| Net Cash Flow | 13 | 12 | 1 | 0 | -3 | 1 |
Balance Sheet
| Mar 2026 | Sep 2025 | Mar 2025 | Sep 2024 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 18 | 18 | 9 |
| Reserves | 2109 | 1940 | 1831 | 1692 | 1594 | 970 | 770 | 636 |
| Borrowings | 330 | 193 | 228 | 149 | 143 | 219 | 240 | 153 |
| Other Liabilities | 175 | 149 | 138 | 160 | 130 | 119 | 102 | 76 |
| Total Liabilities | 2633 | 2301 | 2215 | 2020 | 1886 | 1326 | 1130 | 874 |
| Fixed Assets | 1116 | 952 | 908 | 894 | 744 | 678 | 456 | 415 |
| CWIP | 229 | 226 | 123 | 69 | 127 | 75 | 212 | 40 |
| Investments | 237 | 85 | 80 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1050 | 1038 | 1105 | 1057 | 1016 | 573 | 461 | 419 |
| Total Assets | 2633 | 2301 | 2215 | 2020 | 1886 | 1326 | 1130 | 874 |
Delivery
Delivery Data: HAPPYFORGE
| # | Date | 1470 68% 2470 Value (Cr) | Q/T | 9 Del | 49 Del | 19 1 | 4-Sep | 2238 | 16 | 5 | 61 | 10 | 2 | 3-Sep | 2294 | 17 | 5 | 52 | 9 | 3 | 2-Sep | 2346 | 25 | 5 | 58 | 14 | 4 | 1-Sep | 2420 | 32 | 5 | 54 | 17 | 5 | 31-Aug | 2412 | 58 | 9 | 61 | 35 | 6 | 28-Aug | 2307 | 12 | 7 | 59 | 7 | 7 | 27-Aug | 2251 | 18 | 6 | 49 | 9 | 8 | 26-Aug | 2212 | 28 | 6 | 60 | 16 | 9 | 25-Aug | 2151 | 13 | 5 | 60 | 8 | 10 | 24-Aug | 2191 | 25 | 7 | 56 | 14 | 11 | 21-Aug | 2212 | 20 | 13 | 59 | 12 | 12 | 20-Aug | 2328 | 20 | 8 | 53 | 11 | 13 | 19-Aug | 2308 | 39 | 9 | 48 | 19 | 14 | 18-Aug | 2261 | 40 | 8 | 47 | 19 | 15 | 17-Aug | 2198 | 48 | 9 | 52 | 25 | 16 | 14-Aug | 2090 | 45 | 9 | 49 | 22 | 17 | 13-Aug | 2008 | 14 | 6 | 55 | 8 | 18 | 12-Aug | 2023 | 49 | 14 | 43 | 21 | 19 | 11-Aug | 1908 | 27 | 9 | 69 | 19 | 20 | 10-Aug | 1926 | 22 | 10 | 58 | 13 | 21 | 7-Aug | 1906 | 24 | 9 | 46 | 11 | 22 | 6-Aug | 1870 | 29 | 9 | 47 | 14 | 23 | 5-Aug | 1817 | 65 | 12 | 38 | 25 | 24 | 4-Aug | 1703 | 57 | 8 | 29 | 17 | 25 | 3-Aug | 1699 | 10 | 8 | 54 | 5 | 26 | 31-Jul | 1653 | 7 | 6 | 55 | 4 | 27 | 30-Jul | 1662 | 6 | 6 | 62 | 3 | 28 | 29-Jul | 1659 | 7 | 8 | 59 | 4 | 29 | 28-Jul | 1615 | 22 | 8 | 42 | 9 | 30 | 27-Jul | 1651 | 11 | 9 | 45 | 5 | 31 | 24-Jul | 1616 | 9 | 6 | 47 | 4 | 32 | 23-Jul | 1588 | 7 | 6 | 54 | 4 | 33 | 22-Jul | 1591 | 5 | 4 | 49 | 2 | 34 | 21-Jul | 1612 | 6 | 6 | 46 | 3 | 35 | 20-Jul | 1608 | 9 | 7 | 49 | 5 | 36 | 17-Jul | 1595 | 12 | 6 | 52 | 6 | 37 | 16-Jul | 1609 | 7 | 5 | 52 | 4 | 38 | 15-Jul | 1617 | 12 | 6 | 47 | 6 | 39 | 14-Jul | 1592 | 8 | 6 | 50 | 4 | 40 | 13-Jul | 1593 | 8 | 9 | 56 | 4 | 41 | 10-Jul | 1582 | 10 | 6 | 49 | 5 | 42 | 9-Jul | 1564 | 15 | 8 | 43 | 6 | 43 | 8-Jul | 1521 | 14 | 7 | 53 | 7 | 44 | 7-Jul | 1496 | 7 | 4 | 50 | 4 | 45 | 6-Jul | 1527 | 14 | 6 | 44 | 6 | 46 | 3-Jul | 1499 | 10 | 6 | 51 | 5 | 47 | 2-Jul | 1542 | 12 | 6 | 56 | 7 | 48 | 1-Jul | 1532 | 13 | 5 | 48 | 6 | 49 | 30-Jun | 1538 | 9 | 6 | 58 | 5 | 50 | 29-Jun | 1528 | 12 | 6 | 49 | 6 | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Daily Market Cap
| Date | Total Market Cap | Change | Chg % |
|---|---|---|---|
| 04-Sep | 21,211c | 704c | 3.21 |
| 03-Sep | 21,915c | 1,270c | 5.48 |
| 01-Sep | 23,185c | 963c | 4.33 |
| 31-Aug | 22,222c | 1,133c | 5.37 |
| 26-Aug | 21,090c | 846c | 4.18 |
| 25-Aug | 20,244c | 553c | 2.66 |
| 24-Aug | 20,797c | 325c | 1.54 |
| 21-Aug | 21,122c | 689c | 3.16 |
| 19-Aug | 21,811c | 434c | 2.03 |
| 18-Aug | 21,377c | 627c | 3.02 |
| 17-Aug | 20,750c | 931c | 4.70 |
| 14-Aug | 19,820c | 746c | 3.91 |
| 13-Aug | 19,074c | 85c | 0.44 |
| 12-Aug | 19,159c | 886c | 4.85 |
| 11-Aug | 18,273c | 91c | 0.50 |
| 10-Aug | 18,182c | 547c | 3.10 |
| 06-Aug | 17,635c | 2,043c | 13.11 |
| 04-Aug | 15,591c | 168c | 1.07 |
| 31-Jul | 15,759c | 234c | 1.51 |
| 30-Jul | 15,525c | 29c | 0.19 |
| 29-Jul | 15,555c | 152c | 0.99 |
| 28-Jul | 15,403c | 274c | 1.75 |
| 27-Jul | 15,676c | 388c | 2.54 |
| 24-Jul | 15,288c | 0 | 0 |
Stock Checklist
Price is above from 52 week high low average: 86%
Stock is trading above all short term SMAs: YES
Stock is trading above all long term SMAs: YES
Stock is Consistently Improving Long Term: NO
FII purchased in last quarter: NO
Promoters are buying the stock: NO
Mutual Fund Holdings
Held by 42 fund scheme(s) across 11 fund house(s) as of Aug26 · Total value ₹4,306 Cr · 34 increasing / 4 decreasing · View in MF Pro →
| Fund House | Schemes | Weight % | Change | Value (Cr) |
|---|---|---|---|---|
| SBI Mutual Fund | 4 | 1.70% | +0.06% | 1553.5 |
| HSBC Mutual Fund | 6 | 1.41% | +0.83% | 741.2 |
| Kotak Mahindra Mutual Fund | 6 | 1.33% | +0.07% | 699.5 |
| Axis Mutual Fund | 4 | 0.63% | +0.37% | 444.8 |
| DSP Mutual Fund | 2 | 0.60% | +0.04% | 235.2 |
| Aditya Birla Sun Life Mutual Fund | 6 | 0.34% | +0.05% | 211 |
| PGIM India Mutual Fund | 6 | 0.96% | +0.32% | 156.5 |
| Nippon India Mutual Fund | 2 | 0.68% | +0.10% | 131.4 |
| Sundaram Mutual Fund | 2 | 5.69% | +0.32% | 121.4 |
| Bandhan Mutual Fund | 2 | 0.28% | +0.27% | 11.7 |
| Motilal Oswal Mutual Fund | 2 | 0.02% | +0.01% | 0 |