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Happy Forgings Limited (HAPPYFORGE.NS)
Ludhiana, IN
Established in Ludhiana, India, in 1979, Happy Forgings Limited is an Indian company dedicated to the manufacturing of diverse forged and precision-machined components. Its extensive product range encompasses a wide array of heavy-duty parts, including crucial engine and transmission components like crankshafts, connecting rods, and differential cases, as well as chassis elements such as front axle beams and steering knuckles. The company's offerings also span other specialized items, from bicycle pedals to intricate valve bodies. Happy Forgings serves a broad spectrum of industries, supplying its essential products to manufacturers of heavy commercial vehicles, agricultural machinery, and off-highway and industrial equipment. Furthermore, its components are integral to machinery utilized in demanding sectors such as oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. Demonstrating a global reach, Happy Forgings also exports its manufactured goods to numerous international markets, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.57% | -1.06% | +4.72% | +2.96% | +33.35% | +20.46% | +53.50% | +34.28% | +34.28% | +34.28% | +34.28% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | +1 |
| Buy | 6 | 0 |
| Hold | 0 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Manufacturing - Metal Fabrication: +8.3%+3.7% Q1'26: +77.0% (vs Q1'25)
-
EPS growth Manufacturing - Metal Fabrication: +5.8%+6.1% ★ Q1'26: +23.1% (vs Q1'25)
-
FCF margin Manufacturing - Metal Fabrication: +30.6%+13.6% Q1'26: +1.9% (vs Q1'25)
-
EBIT margin Manufacturing - Metal Fabrication: +9.1%+23.4% ★ Q1'26: +25.7% (vs Q1'25)
-
ROIC Manufacturing - Metal Fabrication: +6.5%+13.2% ★ Q1'26: +15.1% (vs Q1'25)
-
Share dilution Manufacturing - Metal Fabrication: +0.0%+3.8% Q1'26: +0.4% (vs Q1'25)
-
Debt / EBITDA Manufacturing - Metal Fabrication: 0.00×0.56× ★ Q1'26: 0.62× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Mar 2024 actual |
Mar 2025 actual |
Mar 2026 5 Rev. Ana. 5 EPS Ana. |
Mar 2027 2 Rev. Ana. 4 EPS Ana. |
Mar 2028 4 Rev. Ana. 5 EPS Ana. |
Mar 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
12.43B
est: 13.57B (-8.4%)
|
12.96B
est: 14.27B (-9.1%)
|
15.30B
15.21B – 15.35B
+7.3% YoY
|
18.01B
17.91B – 18.15B
+17.7% YoY
|
21.53B
21.31B – 21.70B
+19.5% YoY
|
24.32B
24.12B – 24.51B
+13.0% YoY
|
| EBITDA |
4.00B
est: 3.97B (+0.8%)
|
4.44B
est: 4.58B (-3.2%)
|
4.92B
4.89B – 4.93B
+7.3% YoY
|
5.79B
5.76B – 5.83B
+17.7% YoY
|
6.92B
6.85B – 6.97B
+19.5% YoY
|
7.81B
7.75B – 7.88B
+13.0% YoY
|
| EBIT |
3.35B
est: 3.27B (+2.6%)
|
3.67B
est: 3.56B (+3.1%)
|
3.81B
3.79B – 3.83B
+7.3% YoY
|
4.49B
4.46B – 4.52B
+17.7% YoY
|
5.37B
5.31B – 5.41B
+19.5% YoY
|
6.06B
6.01B – 6.11B
+13.0% YoY
|
| Net Income |
2.43B
est: 2.43B (-0.1%)
|
2.67B
est: 2.67B (+0.3%)
|
2.96B
2.93B – 2.99B
+11.1% YoY
|
3.42B
3.27B – 3.55B
+15.4% YoY
|
4.18B
3.84B – 4.75B
+22.2% YoY
|
5.01B
4.96B – 5.06B
+19.9% YoY
|
| SGA |
1.16B
est: 701.61M (+64.7%)
|
1.26B
est: 1.59B (-20.8%)
|
1.71B
1.70B – 1.72B
+7.3% YoY
|
2.01B
2.00B – 2.03B
+17.7% YoY
|
2.41B
2.38B – 2.43B
+19.5% YoY
|
2.72B
2.70B – 2.74B
+13.0% YoY
|
| EPS |
25.79
est: 25.80 (0.0%)
|
28.39
est: 28.22 (+0.6%)
|
31.35
31.05 – 31.65
+11.1% YoY
|
35.33
34.65 – 37.58
+12.7% YoY
|
44.47
40.66 – 50.22
+25.8% YoY
|
53.00
52.44 – 53.53
+19.2% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-26 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-25 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 3/5 | 4/5 | 5/5 | 3/5 | 2/5 | 1/5 |
| 2026-05-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-18 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-14 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-13 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-12 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-11 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-08 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-07 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-06 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-05 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-04 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-30 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-15 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-13 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-10 | C- | 1/5 | 3/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Paritosh Kumar Garg | MD & Chairman | 43M | male |
| Ashish Garg | MD & Director | 36M | male |
| Narinder Singh Juneja | Chief Operating Officer | 10M | male |
| Sushant Pustake | Chief Operating Officer | 10M | — |
| Megha Garg | Whole-Time Director | 8M | female |
| Gurjinder Singh Sandhu | Chief Human Resources Officer | — | male |
| Pankaj Kumar Goyal | Chief Financial Officer | — | male |
| Bindu Garg | Company Secretary & Compliance Officer | — | female |
| Vitthal Konde | Vice President of operation | — | — |
| Mangesh Shantaram Purandare | Chief Marketing Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for HAPPYFORGE.NS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
