Happy Forgings
Happy Forgings Share Price Chart
Happy Forgings last traded at ₹1,964.80 (2026-10-13). Over the past month the stock moved -12.6%, three months the stock moved +41.9%, year the stock moved +103.7%. Its closing range over 52 weeks is ₹968.30 – ₹2,439.55, with the latest close 19.5% below the high.
Closing prices up to 2026-10-13.
About Happy Forgings
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.[1]
Leading Forging Company[1] HFL is the 4th largest manufacturer of complex and safety-critical, heavy-forged, and precision-machined components in India by forging capacity
Fundamentals
Quarterly Results
In the latest quarter (Jun 2026), Happy Forgings reported sales of ₹449.00 crore (+26.8%) and net profit of ₹91.00 crore (+37.9%), compared with the same quarter last year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Jun 2026 | 449.00 | 141.00 | 31.00 | 91.00 | 9.69 |
| Mar 2026 | 424.00 | 133.00 | 31.00 | 84.00 | 8.86 |
| Dec 2025 | 391.00 | 120.00 | 31.00 | 79.00 | 8.37 |
| Sep 2025 | 377.00 | 116.00 | 31.00 | 73.00 | 7.79 |
| Jun 2025 | 354.00 | 101.00 | 29.00 | 66.00 | 6.97 |
| Mar 2025 | 352.00 | 102.00 | 29.00 | 68.00 | 7.19 |
| Dec 2024 | 354.00 | 101.00 | 29.00 | 65.00 | 6.85 |
| Sep 2024 | 361.00 | 105.00 | 29.00 | 71.00 | 7.58 |
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +5.2% | +3.5% | +2.6% | +3.8% | +4.4% | +10.5% | +20.5% | +26.8% |
| Operating profit growth | +11.7% | +6.3% | +5.2% | +3.1% | +10.5% | +18.8% | +30.4% | +39.6% |
| Net profit growth | +29.1% | +12.1% | +3.0% | +3.1% | +2.8% | +21.5% | +23.5% | +37.9% |
| EPS growth | +22.9% | +11.4% | +3.0% | +2.8% | +2.8% | +22.2% | +23.2% | +39.0% |
| OPM % | 29.0% | 29.0% | 29.0% | 29.0% | 31.0% | 31.0% | 31.0% | 31.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Annual Financials
In the latest year (Mar 2026), Happy Forgings reported sales of ₹1,546.00 crore (+9.7%) and net profit of ₹302.00 crore (+12.7%), compared with the previous year.
| Period | Sales | Operating profit | OPM % | Net profit | EPS (₹) |
|---|---|---|---|---|---|
| Mar 2026 | 1,546 | 471.00 | 30.00 | 302.00 | 31.97 |
| Mar 2025 | 1,409 | 407.00 | 29.00 | 268.00 | 28.39 |
| Mar 2024 | 1,358 | 388.00 | 29.00 | 243.00 | 25.79 |
| Mar 2023 | 1,197 | 341.00 | 28.00 | 209.00 | 23.32 |
| Mar 2022 | 860.00 | 231.00 | 27.00 | 142.00 | 15.90 |
| Mar 2021 | 585.00 | 159.00 | 27.00 | 86.00 | 965.92 |
| Mar 2020 | 558.00 | 142.00 | 26.00 | 80.00 | 893.18 |
| Mar 2019 | 750.00 | 205.00 | 27.00 | 95.00 | 1,066.26 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales growth | +36.4% | -25.6% | +4.8% | +47.0% | +39.2% | +13.5% | +3.8% | +9.7% |
| Operating profit growth | +49.6% | -30.7% | +12.0% | +45.3% | +47.6% | +13.8% | +4.9% | +15.7% |
| Net profit growth | +63.8% | -15.8% | +7.5% | +65.1% | +47.2% | +16.3% | +10.3% | +12.7% |
| EPS growth | +44.4% | -16.2% | +8.1% | -98.4% | +46.7% | +10.6% | +10.1% | +12.6% |
| OPM % | 27.0% | 26.0% | 27.0% | 27.0% | 28.0% | 29.0% | 29.0% | 30.0% |
Colour scale: below -5% -5% to 0% 0% to 5% 5% to 20% 20% and above. A dash means the earlier figure was zero or negative, so a percentage is not meaningful.
Shareholding
AI Analysis
No AI analysis generated yet for Happy Forgings.
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Happy Forgings share price target: 'Industrials, PVs to drive next leg of growth' - Buy from Motilal Oswal Fin Services
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Happy Forgings reports Profit after tax of Rs 835.65 Mln, in the March 2026 quarter
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Happy Forgings Limited Submits Q4FY26 Monitoring Agency Report to Stock Exchanges - scanx.trade
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Happy Forgings Limited Submits Q4FY26 Monitoring Agency Report to Stock Exchanges - scanx.trade
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Happy Forgings Limited Submits Q4FY26 Monitoring Agency Report to Stock Exchanges - scanx.trade
Frequently Asked Questions
What is Happy Forgings's current stock price?
Happy Forgings shares were last quoted at ₹1,964.80 (+2.2% on the day). Use the Refresh price button on this page for the latest available price. Prices are for information only.
What is the P/E ratio of Happy Forgings?
Happy Forgings has a price-to-earnings (P/E) ratio of 59.56 and a price-to-book (P/B) ratio of 8.79. The industry P/E is 71.28.
What is the 52-week high and low of Happy Forgings?
The 52-week high of Happy Forgings is ₹2,484.30 and the 52-week low is ₹890.05.
What is the market cap of Happy Forgings?
The market capitalisation of Happy Forgings is about ₹19,500.44 crore.
How did Happy Forgings perform in its latest quarterly results?
In the latest quarter (Jun 2026), Happy Forgings reported sales of ₹449.00 crore (+26.8%) and net profit of ₹91.00 crore (+37.9%), compared with the same quarter last year.
Is Happy Forgings a good stock to buy?
This page is for information and is not investment advice. As per the data shown here, Happy Forgings has a 3-year ROE of 16.00%, 3-year profit growth of 13.00%. Review the fundamentals, quarterly results and AI analysis on StockSpin, and consult a SEBI-registered adviser before investing.
What is the promoter holding in Happy Forgings?
Promoters hold about 78.46% of Happy Forgings.
Which sector does Happy Forgings belong to?
Happy Forgings belongs to the Metals - Castings/Forgings sector.
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