Happy Forgings Limited

BSE: HAPPYFORGE544057ISIN INE330T01021

Industrials
Castings & Forgings
BSE 1000

BSE listing

Share price

₹2,147.70+1.80 (+0.08%)

as of 18 Sep 2026

52W high: ₹2,484.30
52W low: ₹890.05
Off 52W high: -13.55%
1M return: -6.86%
3M return: +46.46%
6M return: +69.64%
1Y return: +121.70%
20D avg volume: 7,566
50 DMA: ₹1,970.70
200 DMA: ₹1,436.55

Key ratios Consolidated

Market cap: ₹20,270 Cr
Current price: ₹2,147.70
52W high / low: ₹2,484.30 / ₹890.05
Face value: ₹2.00
P/E: 61.91
P/B: —
EPS (TTM): ₹34.69
Book value / share: —
ROE: —
ROCE: 18.90%
Operating margin: —
Net margin: —
Debt / equity: 0.15
Net debt: ₹303.90 Cr
Interest cover: 39.39
Dividend yield: 0.19%
Dividend / share (TTM): ₹4.00
Payout: 11.53%
Cash conversion cycle: 134.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	449.42	423.84	391.31	377.39	353.80	351.97	354.32	361.13	341.47	343.34
	11.08	6.05	8.16	6.25	10.35	10.03	6.62	13.08	7.61	7.20
	337.87	318.82	295.80	285.03	275.51	272.43	274.12	276.99	263.25	263.09
	187.80	157.99	153.93	149.10	145.75	144.48	148.95	165.10	144.25	144.63
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	38.70	36.39	34.39	33.72	32.09	32.25	32.85	30.72	29.00	29.54
	3.06	3.81	2.46	1.89	2.31	2.45	2.15	1.57	1.37	0.86
	26.24	24.51	22.43	21.55	20.55	20.28	19.11	19.66	18.01	16.02
	93.18	81.82	75.64	78.10	71.69	71.91	—	—	—	67.32
	122.64	111.07	103.67	98.60	88.64	89.56	86.82	97.22	85.82	87.46
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	122.64	111.07	103.67	98.60	88.64	89.56	86.82	97.22	85.82	87.46
	31.18	27.50	24.73	25.17	22.96	21.93	22.27	25.86	22.02	21.67
	91.46	83.56	78.94	73.44	65.69	67.63	64.55	71.37	63.80	65.78
	9.70	8.86	8.37	7.79	6.97	7.18	6.85	7.58	6.77	7.25
Key metrics
	151.94	139.39	128.56	122.04	111.50	112.29	108.08	118.45	105.20	104.34
	33.80%	32.90%	32.90%	32.30%	31.50%	31.90%	30.50%	32.80%	30.80%	30.40%
	20.40%	19.70%	20.20%	19.50%	18.60%	19.20%	18.20%	19.80%	18.70%	19.20%
	—	5.30%	—	5.00%	—	4.90%	—	—	—	—
	27.00%	20.40%	10.40%	4.50%	3.60%	2.50%	—	—	—	—
	39.20%	23.60%	22.30%	2.90%	3.00%	2.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,642	1,546	1,409	1,358
	31.54	30.81	37.45	13.36
	1,238	1,175	1,087	1,047
	648.82	606.77	602.78	629.73
	0.00	0.00	0.00	—
	143.20	136.58	124.82	114.46
	11.22	10.47	7.53	11.78
	94.73	89.04	77.06	64.73
	328.74	307.26	285.71	259.64
	435.98	401.98	359.55	324.39
	0.00	0.00	0.00	0.00
	435.98	401.98	359.55	324.39
	108.58	100.35	92.12	81.41
	327.40	301.63	267.44	242.98
	34.72	31.99	28.39	26.78
Key metrics
	541.93	501.49	444.14	400.90
	33.01%	32.40%	31.50%	29.50%
	19.94%	19.50%	19.00%	17.90%
	—	18.90%	19.40%	—
	—	9.80%	3.70%	—
	—	12.80%	10.10%	—
	—	-9.65	21.20	—
	—	1.47	1.09	—
	—	0.15	0.12	—
	—	303.90	215.04	—
	—	134.1	158.9	—
Balance sheet
	—	2,633	2,215	—
	—	1,071	918.64	—
	—	25.72	12.95	—
	—	394.78	426.54	—
	—	232.76	232.42	—
	—	14.83	13.85	—
	—	1,097	899.60	—
	—	59.44	45.36	—
	—	455.69	326.35	—
	—	329.62	227.99	—
	—	329.62	227.99	—
	—	0.00	0.00	—
	—	2,128	1,850	—
Cash flow
	—	444.67	292.33	—
	—	-496.83	-320.20	—
	—	64.93	40.17	—
	—	454.32	271.13	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	449.42	423.84	391.31	377.39	353.80	351.97	354.32	361.13	341.47	343.34	341.99
	11.08	6.05	8.16	6.25	10.35	10.14	6.62	13.14	7.66	7.20	3.32
	337.87	318.82	295.80	285.03	275.51	272.43	274.12	276.99	263.25	263.08	267.65
	187.80	157.99	153.93	149.10	145.75	144.48	148.95	165.11	144.25	144.63	164.19
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	38.70	36.39	34.39	33.72	32.09	32.25	32.85	30.72	29.00	29.54	30.72
	3.06	3.81	2.46	1.89	2.30	2.45	2.15	1.57	1.37	0.86	3.78
	26.24	24.51	22.43	21.55	20.55	20.28	19.11	19.66	18.01	16.02	17.06
	93.18	81.82	75.64	78.10	71.69	71.91	—	—	—	67.31	—
	122.64	111.07	103.68	98.61	88.65	89.68	86.82	97.28	85.88	87.46	77.67
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	122.64	111.07	103.68	98.61	88.65	89.68	86.82	97.28	85.88	87.46	77.67
	31.18	27.50	24.73	25.17	22.96	21.92	22.30	25.86	22.02	21.67	19.77
	91.46	83.56	78.95	73.44	65.69	67.77	64.52	71.43	63.86	65.79	57.90
	9.70	8.86	8.37	7.79	6.97	7.19	6.85	7.58	6.78	7.25	6.15
Key metrics
	151.94	139.39	128.57	122.05	111.50	112.41	108.08	118.51	105.26	104.34	98.51
	33.80%	32.90%	32.90%	32.30%	31.50%	31.90%	30.50%	32.80%	30.80%	30.40%	28.80%
	20.40%	19.70%	20.20%	19.50%	18.60%	19.30%	18.20%	19.80%	18.70%	19.20%	16.90%
	—	5.30%	—	5.00%	—	4.90%	—	—	—	—	—
	27.00%	20.40%	10.40%	4.50%	3.60%	2.50%	3.60%	—	—	—	—
	39.20%	23.30%	22.40%	2.80%	2.90%	3.00%	11.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	1,642	1,546	1,409	1,358
	31.54	30.81	37.57	13.36
	1,238	1,175	1,087	1,047
	648.82	606.77	602.78	629.73
	0.00	0.00	0.00	—
	143.20	136.58	124.82	114.46
	11.22	10.47	7.53	11.78
	94.73	89.04	77.06	64.73
	328.74	307.25	285.71	259.64
	436.00	401.99	359.67	324.39
	0.00	0.00	0.00	—
	436.00	401.99	359.67	324.39
	108.58	100.35	92.10	81.41
	327.41	301.64	267.57	242.99
	34.72	31.99	28.40	26.78
Key metrics
	541.95	501.50	444.26	400.90
	33.01%	32.40%	31.50%	29.50%
	19.94%	19.50%	19.00%	17.90%
	—	18.90%	19.40%	—
	—	9.80%	3.70%	—
	—	12.70%	10.10%	—
	—	-9.62	21.38	—
	—	1.47	1.09	—
	—	0.15	0.12	—
	—	303.99	214.36	—
	—	134.1	158.9	—
Balance sheet
	—	2,633	2,215	—
	—	1,071	918.60	—
	—	25.63	12.93	—
	—	394.78	426.54	—
	—	232.76	232.42	—
	—	14.82	13.84	—
	—	1,097	899.08	—
	—	59.43	45.36	—
	—	455.69	325.63	—
	—	329.62	227.29	—
	—	329.62	227.29	—
	—	0.00	0.00	—
	—	2,128	1,850	—
Cash flow
	—	444.70	292.36	—
	—	-497.63	-319.44	—
	—	65.63	39.47	—
	—	454.32	270.98	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +15.53%
Profit YoY (TTM): +21.53%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): +15.53%
Profit YoY (TTM): +21.60%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Filings & corporate actions

Recent announcements

Intimation of allotment of ESOP11 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Earnings call transcript11 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Schedule of Analyst / Institutional Investor meeting11 Aug 2026 · Company Update / Analyst / Investor Meet
Copy of newspaper publication5 Aug 2026 · Company Update / Newspaper Publication
Link of audio recording for the Earnings call post Q1 FY 27 results held on 5th August 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Press release4 Aug 2026 · Company Update / Press Release / Media Release
Investor presentation4 Aug 2026 · Company Update / Investor Presentation
unaudited results for the quarter ended 30th june 20264 Aug 2026 · Result / Financial Results
outcome of board meeting4 Aug 2026 · Board Meeting / Outcome of Board Meeting
Submission of voting results and the consolidated scrutinizer''s report for the 47th AGM held on Monday, 27th July 202628 Jul 2026 · AGM/EGM / AGM
Intimation of Earnings Conference call scheduled to be held on Wednesday, 5th August 2026 at 10.00 AM28 Jul 2026 · Company Update / Analyst / Investor Meet
Proceedings of 47th AGM of the Company held on Monday, 27th July , 2026 through Video conferencing27 Jul 2026 · AGM/EGM / AGM
Happy Forgings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....21 Jul 2026 · Board Meeting / Board Meeting
Reaffirmation of credit rating by ICRA7 Jul 2026 · Company Update / Credit Rating
Certificate under Reg.74(5) of SEBI (DP) Regulations, 20187 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Copy of newspaper publication3 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 36(1)(b) of SEBI (LODR), 2015, letter to shareholders who have not registered their email IDs2 Jul 2026 · Company Update / General
Business Responsibility and Sustainability Reporting for the year ended 31st March 202630 Jun 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of 47th Annual General Meeting to be held on Monday, 27th July, 2026 at 11.30 AM IST through VC/ OAVM30 Jun 2026 · AGM/EGM / AGM
Pursuant to Regulation 34(1) of SEBI (LODR) Regulations , 2015 , we hereby submit the 47th Annual Report of the Company.30 Jun 2026 · Others / Reg. 34 (1) Annual Report
Intimation of closure of Trading window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Copy of newspaper publication24 Jun 2026 · Company Update / Newspaper Publication
Intimation of allotment of ESOP17 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Earnings call Transcript28 May 2026 · Company Update / Earnings Call Transcript
Copy of financial results for the period ended 31st March 2026 in legible form23 May 2026 · Company Update / General
Annual Secretarial Compliance Report FY 2025-2622 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Link of audio recording of Earnings call held on 22nd May 202622 May 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper publication22 May 2026 · Company Update / Newspaper Publication
Press release dated 21st May 202621 May 2026 · Company Update / Press Release / Media Release
Investor presentation21 May 2026 · Company Update / Investor Presentation
Intimation of Book Closure for the purpose of dividend21 May 2026 · Company Update / General
Intimation of 47th AGM to be held on Monday, 27th July 2026 and record date for final dividend21 May 2026 · AGM/EGM / AGM
Record date intimation for final dividend21 May 2026 · Corp. Action / Record Date
Enhancement in the capacity of solar power project21 May 2026 · Company Update / General
Appointment of Internal and cost auditor for FY 2026-2721 May 2026 · Company Update / General
Re-appointment of directors21 May 2026 · Company Update / Change in Directorate
Board recommends dividend @ Rs 4 per share subject to approval of shareholders in AGM21 May 2026 · Corp Action / Dividend Updates
Financial results for the quarter and year ended 31st March 202621 May 2026 · Result / Financial Results
outcome of BM21 May 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Earnings call to be held on Friday, 22nd May, 20269 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.0000	20 Jul 2026	20 Jul 2026	—
Final Dividend - Rs. - 3.0000	22 Jul 2025	22 Jul 2025	—
Final Dividend - Rs. - 4.0000	22 Jul 2024	22 Jul 2024	—

Board meetings

4 Aug 2026 Board Meeting - Financial Results