Happy Forgings Limited

NSE: HAPPYFORGE BSE: 544057 SECTOR: Capital Goods - Industrial Products

1420 36(3%)

Near 52W High of 1490

Volume

16k as on 06, Jan

Open

980

High

988

Low

970

1,384

VWAP

1,018

52 Week High

1,490

52 Week Low

753

Viand Research Rating

Quality Score

00/00

Growth Score

00/00

Valuation Score

00/00

Momentum Score

00/00

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

13,398

No. of Shares

9.43

P/E

39.69

P/B

6.37

Face Value

Div. Yield

Book Value (TTM)

CASH

DEBT

EPS (TTM)

ROE

16.06

ROCE

Profit Growth

Listing Date

27-Dec-23

Promoter Holding

78.5%

FII Holding

1.84%

DII Holding

16.73%

Price Chart

Price Performance

1 Week0%

1 Month9%

3 Months15%

6 Months21%

1 Year4%

YTD0%

Moving Average

5 Day SMA1,004

10 Day SMA1,000

20 Day SMA1,027

30 Day SMA1,051

50 Day SMA1,069

61 Day SMA1,077

80 Day SMA1,105

200 Day SMA0

PIVOT LEVEL

	Standard	Camarilla	Fibonacci	Woodie's
Resistance 3	1,053	1,022	1,038	1,100
Resistance 2	1,038	1,020	1,027	1,061
Resistance 1	1,026	1,017	1,021	1,072
Pivot Point	1,011	1,015	1,011	1,034
Support 1	999	1,012	1,000	1,046
Support 2	984	1,010	994	1,007
Support 3	972	1,007	984	1,018

Competitors/Peers

#	Symbol	MCAP	LTP	1W	1M	6M	1Y	P/E	Ind PE	Debt/Eq	Div Yld %
1	BEL	3,08,692	422	1%	5%	1%	9%	53	0	0	0
2	HAL	2,96,709	4437	2%	4%	2%	12%	29	0	0	0
3	CUMMINSIND	1,68,233	6069	3%	3%	23%	82%	65	0	0	0
4	POWERINDIA	1,66,834	37430	8%	12%	62%	108%	133	0	0	0
5	ABB	1,52,892	7215	8%	7%	31%	13%	80	0	0	0
6	CGPOWER	1,47,573	937	7%	7%	28%	27%	97	0	0	0
7	BHEL	1,47,291	423	4%	24%	44%	61%	409	0	0	0
8	POLYCAB	1,45,471	9662	5%	20%	28%	61%	41	0	0	0
9	TMCV	1,42,138	386	2%	9%	19%	17%	0	0	0	0
10	SIEMENS	1,38,812	3898	4%	3%	11%	12%	66	0	0	0
Load More

Shareholding Pattern (%)

	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Promoters	(0.01) 78.50%	(0.01) 78.52%	(0.01) 78.54%	(0.01) 78.57%	(0.01) 78.60%	(0.01) 78.60%	(0.01) 78.60%	(0.01) 78.60%	(0.01) 78.60%
FIIs	(-0.21) 1.84%	(-0.11) 2.03%	(0.01) 2.17%	(-0.11) 2.19%	(0.01) 2.28%	(0.01) 2.27%	(1.11) 2.24%	(-0.91) 1.12%	(0.01) 2.06%
DIIs	(-0.31) 16.73%	(0.01) 17.02%	(-0.11) 16.98%	(0.01) 17.07%	(-0.11) 17.06%	(0.41) 17.14%	(-0.21) 16.69%	(11.11) 16.92%	(0.01) 5.83%
Public	2.94%	2.45%	2.31%	2.18%	2.05%	1.98%	2.47%	3.35%	13.50%
No. of Shareholders	61,484	61,075	63,790	64,670	64,982	65,376	74,090	93,587	134,839

Quarterly Results

	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	391	377	354	352	354	361	341	343	342	343	330	302
Expenses	271	262	253	250	253	256	244	246	247	249	230	217
Operating Profit	120	116	101	102	101	105	98	97	95	94	100	86
OPM %	31	31	29	29	29	29	29	28	28	27	30	28
Other Income	8	6	10	10	7	13	8	7	3	1	3	2
Interest	2	2	2	2	2	2	1	1	4	4	3	5
Depreciation	22	22	21	20	19	20	18	16	17	16	15	14
Profit before tax	104	99	89	90	87	97	86	87	78	74	85	68
Tax %	24	26	26	24	26	27	26	25	25	25	25	25
Net Profit	79	73	66	68	65	71	64	66	58	55	64	51
EPS in Rs	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 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	1409	1358	1197	860	585
Expenses	1002	971	856	629	426
Operating Profit	407	388	341	231	159
OPM %	29	29	28	27	27
Other Income	37	13	6	6	6
Interest	8	12	12	7	12
Depreciation	77	65	54	38	36
Profit before tax	360	324	280	192	117
Tax %	26	25	25	26	26
Net Profit	267	243	209	142	86
EPS in Rs	28.38	25.79	23.32	15.9	965.92
Dividend Payout %	11	16	6	0	0

Cash Flows

	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Cash from Operating Activity	292	189	209	80	60
Cash from Investing Activity	-320	-470	-172	-166	-59
Cash from Financing Activity	40	281	-37	83	0
Net Cash Flow	12	1	0	-3	1

Balance Sheet

	Sep 2025	Mar 2025	Sep 2024	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equity Capital	19	19	19	19	18	18	9
Reserves	1940	1831	1692	1594	970	770	636
Borrowings	193	228	149	143	219	240	153
Other Liabilities	149	138	160	130	119	102	76
Total Liabilities	2301	2215	2020	1886	1326	1130	874
Fixed Assets	952	908	894	744	678	456	415
CWIP	226	123	69	127	75	212	40
Investments	85	80	0	0	0	0	0
Other Assets	1038	1105	1057	1016	573	461	419
Total Assets	2301	2215	2020	1886	1326	1130	874

Delivery

#	Date	1135 31% 1490	Value (Cr)	Q/T 9	Del 50	Del 16
1	27-May	1417	14	8	56	8
2	26-May	1384	12	7	61	7
3	25-May	1376	16	7	51	8
4	22-May	1378	68	14	44	30
5	21-May	1450	23	11	40	9
6	20-May	1380	36	8	62	23
7	19-May	1372	11	5	50	6
8	18-May	1373	21	5	44	9
9	15-May	1387	5	5	53	3
10	14-May	1384	10	5	45	4
11	13-May	1405	10	6	43	4
12	12-May	1417	15	7	45	7
13	11-May	1445	11	5	50	6
14	8-May	1444	17	8	52	9
15	7-May	1412	44	12	47	21
16	6-May	1354	6	6	54	3
17	5-May	1342	4	6	53	2
18	4-May	1345	6	5	54	3
19	30-Apr	1348	9	9	53	5
20	29-Apr	1301	5	6	54	3
21	28-Apr	1303	9	5	48	4
22	27-Apr	1337	7	9	50	3
23	24-Apr	1322	7	8	48	3
24	23-Apr	1350	17	10	52	9
25	22-Apr	1330	11	8	47	5
26	21-Apr	1292	10	7	53	6
27	20-Apr	1310	24	8	38	9
28	17-Apr	1337	16	6	49	8
29	16-Apr	1316	15	5	46	7
30	15-Apr	1304	9	8	55	5
31	13-Apr	1297	6	6	46	3
32	10-Apr	1296	10	7	48	5
33	9-Apr	1271	7	5	50	4
34	8-Apr	1280	12	8	48	6
35	7-Apr	1209	3	4	40	1
36	6-Apr	1216	5	5	53	3
37	2-Apr	1189	3	6	46	2
38	1-Apr	1185	4	5	48	2
39	30-Mar	1156	6	6	48	3
40	27-Mar	1179	6	6	55	3
41	25-Mar	1217	6	6	50	3
42	24-Mar	1203	6	5	40	2
43	23-Mar	1208	8	8	53	4
44	20-Mar	1265	5	6	53	3

Daily Market Cap

Date	Total Market Cap	Change	Chg %
28-May	13,398c	106c	0.80
27-May	13,292c	139c	1.05
26-May	13,153c	142c	1.09
25-May	13,012c	164c	1.25
22-May	13,176c	398c	2.93
21-May	13,574c	576c	4.43
20-May	12,999c	96c	0.75
19-May	12,902c	65c	0.50
18-May	12,968c	100c	0.77
15-May	13,068c	47c	0.36
14-May	13,020c	293c	2.20
13-May	13,313c	38c	0.28
12-May	13,275c	354c	2.60
11-May	13,629c	250c	1.87
07-May	13,379c	699c	5.51
06-May	12,680c	56c	0.44
05-May	12,624c	106c	0.84
04-May	12,518c	157c	1.27
30-Apr	12,362c	2c	0.02
29-Apr	12,360c	9c	0.08
28-Apr	12,351c	42c	0.34
24-Apr	12,392c	297c	2.34
23-Apr	12,689c	47c	0.37
22-Apr	12,642c	546c	4.52
21-Apr	12,096c	529c	4.19
20-Apr	12,625c	9c	0.07
17-Apr	12,634c	321c	2.61
15-Apr	12,313c	0	0

Stock Checklist

Price is above from 52 week high low average: 81%

Stock is trading above all short term SMAs: NO

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

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