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Happy Forgings Ltd

BSE • Industrials • Metal Fabrication • Quote as of 10/28/2026 09:52
Happy Forgings Ltd stock price and volume chart

Company Profile

IndustryMetal Fabrication
SectorIndustrials
ExchangeBSE
Market Capitalization166,901 mln
Float20.33 mln
Earnings Date11/05/2026

EPS

34.60
Stretched

P / E

51.82
Richly valued

Piotroski F-Score

5 / 9
Neutral

Beneish M-Score

-3.15
Reliable

1-Year Forecast

2,047.43
Modest upside

Relative Strength

31 / 100
Underperforming

Business Description

Founded in 1979 and headquartered in Ludhiana, India, Happy Forgings Limited produces a wide range of metal forged parts sold both within India and abroad. The company's products include engine and drivetrain components such as crankshafts, axle beams, gears, and transmission parts, along with specialized parts for railways, wind turbines, and oil and gas applications. It supplies directly to manufacturers of commercial and passenger vehicles, farm machinery, industrial equipment, and several other heavy industries.

Key Fundamentals

EPS34.60
P/E51.82
ROE16.54
RPS174
ROIC15.19
ROA13.74
Interest Cover37.01
EBITDA, mln5,419
EV / EBITDA36.01
EV / EBIT43.64
Revenue, mln16,420
EV / Revenue11.89

Quote Details

Last 1,793.10
Change -14.3 (-0.79%)
Open 1,776.05
Volume 1,394
Turnover 2,499,581
Average Volume 5,341.86

Financial Ratios

Pre-Tax Profit Margin27
Current Ratio2.35
Price / Book9.18
Price / Tangible Book9.26
Price / Free Cash Flow18,002
Debt / Equity0.16
Price / Sales11.91
PEG Ratio2.38

Financial Strength

Altman Z-Score25.55
Piotroski F-Score 5 / 9
Beneish M-Score-3.15
Price to Lynch Fair Value2.64
Price to Graham Number5.17
1-Year Target Price2,047.43

Price Performance & Relative Strength

Period Price Performance Relative Strength
1 Week -1.59% 50 / 100   
1 Month -12.74% 28 / 100   
2 Months 10.62% 84 / 100   
6 Months 34.85% 88 / 100   
1 Year 85.45% 94 / 100   



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