based on 2 analysts
100.00%
Buy
0.00%
Hold
0.00%
Sell
Based on 2 analysts offering long term price targets for Happy Forgings Ltd. An average target of ₹1365
Source: S&P Global Market Intelligence
Happy Forgings Ltd price forecast by 2 analysts
Upside of16.65%
High
₹1430
Target
₹1365.00
Low
₹1300
Happy Forgings Ltd target price ₹1365, a slight upside of 16.65% compared to current price of ₹1170.2. According to 2 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Happy Forgings Ltd revenue growth forecast
Expected growth rate Q1, FY2026:42.65%
Forecast
Actual
Including amortisation and stock based compensations
Happy Forgings Ltd EPS growth forecast
EPS estimate Q1, FY2026:64.21%
Forecast
Actual
Source: S&P Global Market Intelligence
Day's Low
Day's High
52 Week's Low
52 Week's High
Returns % | |
1 Month Return | -6.05 % |
3 Month Return | + 1.15 % |
1 Year Return | + 13.52 % |
Market Stats | |
Previous Close | ₹1,185.20 |
Open | ₹1,175.10 |
Volume | 26.06K |
Upper Circuit | - |
Lower Circuit | - |
Market Cap | ₹11,165.16Cr |
P/E Ratio | 44.41 |
PEG Ratio | 5.01 |
Market Cap | ₹11,165.16 Cr |
P/B Ratio | 5.19 |
EPS | 25.79 |
Dividend Yield | 0.15 |
Sector | Castings, Forgings & Fastners |
ROE | 18.69 |
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
---|---|---|---|---|---|---|
BUY | ₹11,165.16 Cr | 2.7% | 0.54 | ₹242 Cr | ₹1,358 Cr | |
NA | ₹111.24 Cr | 29.65% | 0.50 | NA | NA | |
NA | ₹1,573.86 Cr | 30.28% | 0.50 | NA | NA | |
BUY | ₹5,442.03 Cr | 47.57% | 0.51 | ₹114 Cr | ₹990 Cr | |
NA | ₹115.39 Cr | 107.38% | 0.76 | NA | NA |
Organisation | Happy Forgings Ltd |
Headquarters | Ludhiana |
Industry | Castings, Forgings & Fastners |
E-voting on shares | Click here to vote |
Key events for Happy Forgings Ltd
Happy Forgings Limited, a machine industry company, has announced a 200% dividend payment on each stock for the financial year 2023-24. The company's shares fell by around 2% on Friday (July 19) but have reported strong fiscal health and potential for sustained growth.
Happy Forgings Expects Growth in New Projects and Exports - 01 Jul, 2024
Happy Forgings expects new projects to contribute meaningfully soon, with exports expected to improve to 30% of sales from 20%. Despite industry challenges, the company's topline grew 16% during 2023-24. The Managing Director expects gross margin to improve by 100-200 basis points this financial year. Happy Forgings plans to spend between 800-900 crore in the next three years to strengthen its machinery business.
Happy Forgings Ltd showcases robust financial performance and strategic expansion - 24 Jun, 2024
Happy Forgings Limited, a growth company with high insider ownership in India, has consistently grown its earnings by 25.1% annually over the past five years, with future earnings expected to grow at 25.7% per year, outpacing the Indian markets average. Recent financial results reveal a significant increase in yearly revenue to INR 13.72 billion and net income to INR 2.43 billion. Happy Forgings is expanding its global footprint through new contracts for automotive components in the US market.
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
FII Holding Up
Foreign Institutions have increased holdings from 1.12% to 2.24% in Jun 2024 quarter
MF Holding Up
Mutual Funds have increased holdings from 7.42% to 7.59% in Jun 2024 quarter
Promoter Holding Unchanged
Promoters holdings remained unchanged at 78.60% of holdings in Jun 2024 quarter
Retail Holding Down
Retail Investor have decreased holdings from 3.35% to 2.47% in Jun 2024 quarter
Price Dip
In the last 1 month, HAPPYFORGE stock has moved down by -6.1%
Investors | Holdings % | FY Quarter | 3M change |
---|---|---|---|
Promoter Holdings | 78.6% | 0.00 | |
Foreign Institutions | 2.24% | 99.67 | |
Mutual Funds | 7.59% | 2.25 | |
Retail Investors | 2.47% | ||
Others | 9.1% |
Happy Forgings Ltd in the last 5 years
Lowest (32.40x)
March 18, 2024
Today (44.41x)
September 6, 2024
Industry (48.23x)
September 6, 2024
Highest (48.50x)
July 8, 2024
Happy Forgings Ltd’s net profit fell -0.37% since last year same period to ₹63.80Cr in the Q1 2024-2025. On a quarterly growth basis, Happy Forgings Ltd has generated -3.01% fall in its net profits since last 3-months.
Read More about Earnings ResultsIn the quarter ending March 2024, Happy Forgings Ltd has declared dividend of ₹4 - translating a dividend yield of 0.34%.
Read More about DividendsBearish
Neutral
Bullish
Happy Forgings Ltd is currently in a Bearish trading position according to technical analysis indicators.
Happy Forgings Ltd (HAPPYFORGE) share price today is ₹1170.2
Happy Forgings Ltd is listed on NSE
Happy Forgings Ltd is listed on BSE
PE Ratio of Happy Forgings Ltd is 44.41
PE ratio = Happy Forgings Ltd Market price per share / Happy Forgings Ltd Earnings per share
Today’s traded volume of Happy Forgings Ltd(HAPPYFORGE) is 26.06K.
Today’s market capitalisation of Happy Forgings Ltd(HAPPYFORGE) is ₹11165.16Cr.
Happy Forgings Ltd(HAPPYFORGE | Price |
---|---|
52 Week High | ₹1299.95 |
52 Week Low | ₹813.2 |
Happy Forgings Ltd(HAPPYFORGE) share price is ₹1170.2. It is down -9.98% from its 52 Week High price of ₹1299.95
Happy Forgings Ltd(HAPPYFORGE) share price is ₹1170.2. It is up 43.90% from its 52 Week Low price of ₹813.2
Happy Forgings Ltd(HAPPYFORGE | Returns |
---|---|
1 Day Returns | -15% |
1 Month Returns | -6.05% |
3 Month Returns | 1.15% |
1 Year Returns | 13.52% |