Happy Forgings Ltd (HAPPYFORGE)
🎯 Key Takeaways
- Revenue grew 6% QoQ to ₹449 in Q1FY27.
- Market Cap
- ₹19,499
- P/E Ratio
- 59.5
- P/B Ratio
- 9.16
- ROE
- 15.4%
- ROCE
- 18.2%
- Debt/Equity
- 0.15
- Div Yield
- 0.19%
- Promoter
- 78.5%
📊 Quarterly Results (₹ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 377 | 391 | 424 | 449 |
| Operating Profit | 94 | 98 | 109 | 115 |
| OPM % | 25.0% | 25.0% | 25.7% | 25.5% |
| Net Profit | 73 | 79 | 84 | 91 |
| EPS | ₹7.79 | ₹8.37 | ₹8.86 | ₹9.70 |
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 |
| Reserves | 1,831 | 1,692 | 2,109 | 1,940 |
| Borrowings | 228 | 149 | 330 | 193 |
| Total Liabilities | 2,215 | 2,020 | 2,633 | 2,301 |
| Fixed Assets | 900 | 884 | 1,116 | 934 |
| Investments | 80 | 0 | 237 | 85 |
| Total Assets | 2,215 | 2,020 | 2,633 | 2,301 |
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +445 |
| Investing | -497 |
| Financing | +65 |
| Net Cash Flow | +13 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 78.5% | 78.5% | 78.5% | 78.5% |
| FII | 2.0% | 1.8% | 1.7% | 1.9% |
| DII | 17.0% | 16.7% | 16.5% | 15.5% |
| Public | 2.1% | 2.5% | 2.8% | 3.4% |
| # Shareholders | 61,075 | 61,484 | 57,815 | 64,341 |
⚖️ Peer Comparison — Castings, Forgings & Fasteners
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BHARATFORG | 91,932 | 130.2 | 9.9% | — | 0.72 |
| AIAENG | 36,031 | 28.4 | 22.0% | — | 0.07 |
| PTCIL | 33,273 | 264.9 | 11.4% | — | 0.04 |
| HAPPYFORGE | 19,499 | 59.5 | 18.2% | — | 0.15 |
| CIEINDIA | 14,645 | 16.2 | 15.4% | — | 0.05 |
| RKFORGE | 12,780 | 119.1 | 6.3% | — | 0.72 |
| KENNAMET | 9,090 | 77.6 | 23.8% | — | 0.00 |
| BALUFORGE | 5,949 | 20.4 | 33.6% | — | 0.04 |
| ELECTCAST | 4,591 | 37.9 | 4.0% | — | 0.26 |
| STEELCAS | 3,824 | 42.2 | 30.9% | — | 0.00 |
🔗 Peer Stock Analyses
📋 Recent Filings
- Announcement2026-09-21Happy Forgings Ltd announced that its trading window will close on 1 October 2026 and remain shut for 48 hours after the board meeting to approve unau…
- 🔴 Corporate Action2026-09-11Happy Forgings Ltd announced the allotment of 22,412 equity shares to employees under its ESOP scheme, increasing paid-up capital from Rs. 18,87,57,46…
- 🔴 Financial Results2026-08-11Happy Forgings reported robust Q1 FY27 results with revenue of **₹449 crores** (+27% YoY) and PAT of **₹91 crores** (+39.2% YoY), driven by 23% volume…
- 🔴 Financial Results2026-08-04Happy Forgings reported record quarterly results for Q1FY27, with revenue rising 27% YoY to ₹449 crores and PAT up 39% YoY to ₹91 crores, driven by 23…
- 🟡 Board Meeting2026-08-04The board approved unaudited standalone and consolidated financial results for Q1 June 2026, showing revenue of **₹46,050.59 lakhs** and profit of **₹…
- Announcement2026-08-04Happy Forgings Limited announced the outcome of its board meeting held on August 4, 2026, where it approved unaudited standalone and consolidated fina…
- 🔴 Financial Results2026-08-04Happy Forgings reported record Q1 FY27 revenue of **₹449 crores**, up 27% YoY, driven by 23.1% volume growth and 3.2% higher realisation. Gross profit…
- 🟡 Board Meeting2026-07-28Happy Forgings Limited announced voting results for its 47th Annual General Meeting held on July 27, 2026 via video conferencing. All seven proposed r…
- Announcement2026-07-28Happy Forgings Limited announced an earnings conference call scheduled for August 5, 2026 at 10:00 AM IST to discuss Q1FY27 results, inviting analysts…
- 🔴 Announcement2026-07-07Happy Forgings Limited announced that ICRA reaffirmed its long-term rating of [ICRA]AA (Stable) and short-term rating of [ICRA]A1+ for bank facilities…
Read the full analysis
Quarterly trends, balance sheet, cash flow, peer comparison, and AI insights — sign up free to unlock.
Sign Up Free — Unlock Full Analysis2 free AI queries per day.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-10-01.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
📡 Get AI alerts when HAPPYFORGE files new disclosures
Track HAPPYFORGE filings, board meetings, and corporate actions. Free email alerts at 5 PM.
Track HAPPYFORGE — FreeFree account · 2 AI queries/day