Happy Forgings Limited

Web: happyforgingsltd.com NSE: HAPPYFORGE BSE: 544057 SECTOR: Capital Goods - Industrial Products

1590 1(0%)

Near 52W High of 1636

Volume

1L as on 23, Jun

Open

980

High

988

Low

970

1,591

VWAP

1,560

52 Week High

1,636

52 Week Low

862

Viand Research Rating

Quality Score

51/100

Growth Score

30/100

Valuation Score

50/100

Momentum Score

45/100

Analyst Recommendations

BUY/SELL

Hold | Buy | Strong Buy

Analyst Price Target

Market Cap (cr)

15,011

No. of Shares

9.44

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

78.48%

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	3,05,236	4564	3%	1%	5%	3%	31	94	0	9116
2	BEL	2,95,132	404	1%	6%	3%	2%	49	94	0	6062
3	ABB	1,59,111	7508	4%	3%	58%	31%	93	94	0.01	1668
4	CUMMINSIND	1,54,691	5580	1%	3%	37%	54%	74	94	0	2362
5	TMCV	1,49,748	407	4%	1%	9%	23%	0	94	0.44	3030
6	POWERINDIA	1,42,877	32055	6%	13%	90%	61%	150	94	0.02	988
7	BHEL	1,42,155	408	0%	1%	66%	66%	409	94	0.31	1600
8	CGPOWER	1,39,071	883	2%	5%	59%	34%	119	94	0.01	1199
9	POLYCAB	1,34,302	8915	3%	9%	30%	32%	52	94	0.02	2708
10	SIEMENS	1,30,497	3664	2%	3%	25%	16%	66	94	0.02	2754
Load More

Shareholding Pattern (%)

	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Promoters	(0.01) 78.48%	(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	(-0.11) 1.73%	(-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) 16.48%	(-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	3.30%	2.94%	2.45%	2.31%	2.18%	2.05%	1.98%	2.47%	3.35%	13.50%
No. of Shareholders	57,815	61,484	61,075	63,790	64,670	64,982	65,376	74,090	93,587	134,839

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

#	Date	1323 24% 1636	Value (Cr)	Q/T 35	Del 67	Del 57
1	22-Jul	1591	5	4	49	2
2	21-Jul	1612	6	6	46	3
3	20-Jul	1608	9	7	49	5
4	17-Jul	1595	12	6	52	6
5	16-Jul	1609	7	5	52	4
6	15-Jul	1617	12	6	47	6
7	14-Jul	1592	8	6	50	4
8	13-Jul	1593	8	9	56	4
9	10-Jul	1582	10	6	49	5
10	9-Jul	1564	15	8	43	6
11	8-Jul	1521	14	7	53	7
12	7-Jul	1496	7	4	50	4
13	6-Jul	1527	14	6	44	6
14	3-Jul	1499	10	6	51	5
15	2-Jul	1542	12	6	56	7
16	1-Jul	1532	13	5	48	6
17	30-Jun	1538	9	6	58	5
18	29-Jun	1528	12	6	49	6
19	25-Jun	1509	7	6	49	3
20	24-Jun	1529	7	10	46	3
21	23-Jun	1553	21	11	48	10
22	22-Jun	1555	102	29	80	82
23	19-Jun	1465	119	65	95	113
24	18-Jun	1454	17	12	56	9
25	17-Jun	1431	28	11	54	15
26	16-Jun	1337	8	7	63	5
27	15-Jun	1354	24	9	47	11
28	12-Jun	1332	11	9	65	7
29	11-Jun	1348	5	6	47	2
30	10-Jun	1351	7	7	56	4
31	9-Jun	1363	7	5	55	4
32	8-Jun	1351	5	6	51	3
33	5-Jun	1388	14	11	57	8
34	4-Jun	1387	9	9	61	5
35	3-Jun	1404	10	5	47	5
36	2-Jun	1409	25	7	60	15
37	1-Jun	1428	28	9	48	13
38	29-May	1387	12	9	58	7
39	27-May	1417	14	8	56	8
40	26-May	1384	12	7	61	7
41	25-May	1376	16	7	51	8
42	22-May	1378	68	14	44	30
43	21-May	1450	23	11	40	9
44	20-May	1380	36	8	62	23
45	19-May	1372	11	5	50	6
46	18-May	1373	21	5	44	9
47	15-May	1387	5	5	53	3
48	14-May	1384	10	5	45	4

Daily Market Cap

Date	Total Market Cap	Change	Chg %
23-Jul	15,011c	90c	0.59
22-Jul	15,101c	178c	1.17
21-Jul	15,279c	251c	1.67
17-Jul	15,028c	212c	1.39
16-Jul	15,240c	63c	0.41
15-Jul	15,304c	488c	3.29
14-Jul	14,816c	177c	1.18
13-Jul	14,993c	13c	0.09
10-Jul	14,980c	210c	1.42
09-Jul	14,770c	359c	2.49
08-Jul	14,412c	298c	2.11
07-Jul	14,113c	243c	1.69
06-Jul	14,356c	132c	0.91
02-Jul	14,488c	41c	0.28
30-Jun	14,447c	126c	0.88
29-Jun	14,321c	74c	0.52
26-Jun	14,247c	130c	0.91
25-Jun	14,377c	3c	0.02
24-Jun	14,374c	204c	1.40
23-Jun	14,578c	91c	0.62
22-Jun	14,669c	846c	6.12
19-Jun	13,822c	283c	2.09
17-Jun	13,539c	906c	7.17
16-Jun	12,634c	93c	0.73
15-Jun	12,727c	176c	1.41
12-Jun	12,551c	300c	2.33
11-Jun	12,851c	40c	0.31
10-Jun	12,811c	0	0

Stock Checklist

Price is above from 52 week high low average: 88%

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 44 fund scheme(s) across 10 fund house(s) as of Jul26 · Total value ₹3,175 Cr · 8 increasing / 4 decreasing · View in MF Pro →

Fund House	Schemes	Weight %	Change	Value (Cr)
SBI Mutual Fund	4	1.58%	-	1332.6
Kotak Mahindra Mutual Fund	12	0.71%	+0.07%	656.1
HSBC Mutual Fund	4	0.90%	-	295.6
Aditya Birla Sun Life Mutual Fund	8	0.45%	-	269.6
DSP Mutual Fund	2	0.54%	-	164.6
Axis Mutual Fund	4	1.45%	-	135.5
Sundaram Mutual Fund	2	5.37%	+0.50%	113
Nippon India Mutual Fund	2	0.58%	-	107.2
PGIM India Mutual Fund	4	0.69%	-	100.9
Motilal Oswal Mutual Fund	2	0.01%	-	0

Happy Forgings Limited

Price Chart

Price Performance

Moving Average

PIVOT LEVEL

Competitors/Peers

Shareholding Pattern (%)

Quarterly Results

Profit and Loss

Cash Flows

Balance Sheet

Delivery

Daily Market Cap

Stock Checklist

Mutual Fund Holdings

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