Happy Forgings Ltd share price logo

Happy Forgings Ltd Share Price

(HAPPYFORGE)

₹788.550.32%

as on 10:00AM, 02 Apr 2025

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Happy Forgings Ltd Performance

  • Day's Low

    Day's High

    ₹779.6
    Day's Price Range
    ₹793.25
  • 52 Week's Low

    52 Week's High

    ₹754.15
    52-Week Price Range
    ₹1,299.95
1 Month Return-3.29 %
3 Month Return-21.62 %
1 Year Return-14.25 %
Previous Close₹791.05
Open₹787.50
Volume3,285.00
Upper Circuit₹870.15
Lower Circuit₹711.95
Market Cap₹7,455.03Cr

Happy Forgings Ltd Fundamentals

P/E Ratio

0

PEG Ratio

0

Market Cap

₹385.33 Cr

P/B Ratio

1.68

EPS

0

Dividend Yield

0

Sector

Castings, Forgings & Fastners

ROE

14.91

Happy Forgings Ltd Analyst Rating

based on 4 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 4 analysts offering long term price targets for Happy Forgings Ltd. An average target of ₹1149

Source: S&P Global Market Intelligence

Happy Forgings Ltd Share analysis

Happy Forgings Ltd price forecast by 4 analysts

Upside of45.25%

High

₹1250

Target

₹1149.00

Low

₹980

Happy Forgings Ltd target price ₹1149, a slight upside of 45.25% compared to current price of ₹788.55. According to 4 analysts rating.

Source: S&P Global Market Intelligence

Key events for Happy Forgings Ltd

  • Happy Forgings Engages Investors at Upcoming Conference - 12 Mar, 2025

    Happy Forgings Limited will participate in an Investors Conference on March 18, 2025, organized by Dam Capital Advisors in Mumbai, aiming to enhance transparency and stakeholder relations. The company has a YTD price performance of -20.28% and a current market cap of 75.23B INR.
  • Happy Forgings Shares Hit 52-Week Low - 05 Mar, 2025

    Happy Forgings Ltd shares fell 0.9% to a 52-week low of ₹793.35, marking a 21% decline over the past month. The downturn followed a modest revenue growth of 3.6% to ₹354 crore for Q3FY25, despite an 11.5% increase in net profit to ₹65 crore.
  • Happy Forgings Secures MoU for Component Supply - 11 Feb, 2025

    Happy Forgings Limited has signed a significant MoU with a global manufacturer for the supply of heavy forged components, expecting annual revenues of INR 95 crore. The partnership aligns with HFL's expansion strategy and is set to commence in 2028 after testing in 2027.

Insights on Happy Forgings Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 1.98% to 2.05% in Dec 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 78.60% of holdings in Dec 2024 quarter

  • imgNO EFFECT

    FII Holding Unchanged

    img

    Foreign Institutions holdings remained unchanged at 2.28% of holdings in Dec 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 7.86% to 7.53% in Dec 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, HAPPYFORGE stock has moved down by -3.8%

Happy Forgings Ltd Financials

Value in ₹ crore
DetailsQ'4 23Q'1 24Q'2 24Q'3 24Q'4 24
Revenue₹341.99Cr (-)₹343.34Cr (↑0.39%)₹341.47Cr (↓0.54%)₹361.13Cr (↑5.76%)₹354.32Cr (↓1.89%)
Net Income₹57.90Cr (-)₹65.78Cr (↑13.61%)₹63.80Cr (↓3.01%)₹71.37Cr (↑11.87%)₹64.55Cr (↓9.56%)
Net Profit Margin16.93% (-)19.16% (↑13.17%)18.68% (↓2.51%)19.76% (↑5.78%)18.22% (↓7.79%)
Value in ₹ crore
Details2021202220232024
Total Assets₹874.19Cr (-)₹1,133.03Cr (↑29.61%)₹1,332.63Cr (↑17.62%)₹1,889.72Cr (↑41.80%)
Total Liabilities₹229.03Cr (-)₹345.42Cr (↑50.82%)₹344.33Cr (↓0.32%)₹277.23Cr (↓19.49%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹168.71Cr (-)₹49.85Cr (↓70.45%)₹80.28Cr (↑61.04%)₹209.46Cr (↑160.91%)₹189.02Cr (↓9.76%)

Happy Forgings Ltd Index Inclusions

S&P BSE Indus.

₹12,810.72

-1.01 (-130.55%)

BSE Small-Cap

₹46,425.04

-0.53 (-246.89%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Happy Forgings Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
78.6%
0.00
Foreign Institutions
2.28%
0.27
Mutual Funds
7.53%
-4.23
Retail Investors
2.05%
3.67
Others
9.53%
2.74

Happy Forgings Ltd Key Indicators

Details20202021202220232024
Return On Equity %15.4214.3619.8623.518.69
Details202220232024
Return On Assets %12.5615.6612.86
Details2024
Book Value Per Share (₹)171.17
Details2024
Earning Per Share (₹)25.79

Happy Forgings Ltd Valuation

Happy Forgings Ltd in the last 5 years

  • Overview

  • Trends

Lowest (26.70x)

March 17, 2025

Today (27.80x)

April 1, 2025

Industry (34.54x)

April 1, 2025

Highest (47.95x)

July 8, 2024

LowHigh

Happy Forgings Ltd Earnings and Dividends

  • Happy Forgings Ltd Earnings Results

    Happy Forgings Ltd’s net profit jumped 11.49% since last year same period to ₹64.55Cr in the Q3 2024-2025. On a quarterly growth basis, Happy Forgings Ltd has generated -9.56% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Happy Forgings Ltd Dividends May,2024

    In the quarter ending March 2024, Happy Forgings Ltd has declared dividend of ₹4 - translating a dividend yield of 0.51%.

    Read More about Dividends

Happy Forgings Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Happy Forgings Ltd is currently in a Bearish trading position according to technical analysis indicators.

Happy Forgings Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹385.33 Cr153.93%0.50NANA
BUY₹6,173.81 Cr200.71%0.66₹740 Cr₹7,478 Cr
NA₹1,164.23 Cr28.84%0.60₹55 Cr₹931 Cr
BUY₹3,536.93 Cr2.26%0.52NANA
NA₹328.53 Cr165.22%0.53NANA

About Happy Forgings Ltd

Happy Forgings Limited was incorporated as Happy Forgings Private Limited at Jalandhar Punjab as a private limited company pursuant to a certificate of incorporation dated July 2 1979 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh. Thereafter Company was converted from a private limited company to a public limited company and the name of Company was changed to Happy Forgings Limited and a fresh certificate of incorporation dated April 1 1998 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh.Happy Forgings are an engineering led manufacturer of complex and safety critical heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts front axle beams steering knuckles differential cases transmission parts planetary carriers suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment offhighway vehicles and manufacturers of industrial equipment and machinery for oil and gas power generation railways and wind turbine industries into the nonautomotive sector.The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horsepower industrial crankshafts in India. In 1995 the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006 it commissioned operations at Kanganwal Facility II unit in 2008 commissioned first 8000 ton forging press commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011 it ventured into commercial vehicles farm equipment and industrial equipment industries later on the second 8000 ton forging press was commissioned during 2017 again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019 installed third 8000 ton forging press line in 2021 commenced Dugri Facility operations in 2021 commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14000 ton forging press line in 2022. Through Initial Public Offer the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8054910 Equity Shares..

Revenue: ₹354.32Cr as on December 2024 (Q4 24)
Net Profit: ₹64.55Cr as on December 2024 (Q4 24)
Listing date: 27 Dec, 2023
OrganisationHappy Forgings Ltd
HeadquartersLudhiana
IndustryCastings, Forgings & Fastners
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FAQs on Happy Forgings Ltd

What is Happy Forgings Ltd price today?

Happy Forgings Ltd share price today stands at ₹788.55, Open: ₹787.5, Previous Close: ₹791.05, High: ₹793.25, Low: ₹779.6, 52 Week High: ₹1299.95, 52 Week Low: ₹754.15.

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What are today's traded volumes of Happy Forgings Ltd?

Today's traded volume of Happy Forgings Ltd(HAPPYFORGE) is 3,285.00.

What is today's market capitalisation of Happy Forgings Ltd?

Today's market capitalisation of Happy Forgings Ltd(HAPPYFORGE) is ₹7455.03Cr.

What is the 52 Week High and Low Range of Happy Forgings Ltd?

Happy Forgings Ltd (HAPPYFORGE)
Price
52 Week High
₹1299.95
52 Week Low
₹754.15

How much percentage Happy Forgings Ltd is down from its 52 Week High?

Happy Forgings Ltd (HAPPYFORGE) share price is ₹788.55. It is down -39.34% from its 52 Week High price of ₹1299.95

How much percentage Happy Forgings Ltd is up from its 52 Week low?

Happy Forgings Ltd (HAPPYFORGE) share price is ₹788.55. It is up 4.56% from its 52 Week Low price of ₹754.15