Flash Finance

Happy Forgings LimitedHAPPYFORGECorporate

Industrials Metal Fabrication Latest results: Jun 2026 14 quarters of data
Consolidated Standalone
₹1,866.00
MCap ₹17,615 Cr · P/E 53.7
Happy Forgings Limited — Stock analysis & AI research Happy Forgings Limited — Multibagger AI analysis Happy Forgings Limited — Seasonality — best & worst months Happy Forgings Limited — Technical indicators & charts Happy Forgings Limited — Technical setup — score, trend, support & resistance Happy Forgings Limited — Live exchange announcements
📋 High Operating Margin Stocks📋 High Interest Coverage Stocks📋 Stocks Cheaper Than Their Industry📋 Stocks With Strong Quarterly Results📋 Low Debt Stocks📋 High Promoter Holding Stocks 🏭 Metal sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹449 Cr
Sales · Jun 2026
+27.0% YoY
₹141 Cr
Operating Profit · Jun 2026
+39.3% YoY
31.3%
OPM % · Jun 2026
+9.4% YoY
₹91 Cr
Net Profit · Jun 2026
+39.2% YoY
₹9.70
EPS · Jun 2026
+39.2% YoY

📝 Happy Forgings Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Happy Forgings Limited reported revenue of ₹449 crore for the quarter ended June 2026 (Q1 FY27), up 27.0% from ₹354 crore in the same quarter last year, and up 6.0% sequentially over the March 2026 quarter.

Net profit rose 39.2% year-on-year to ₹91 crore, from ₹66 crore. Earnings per share (EPS) came in at ₹9.70.

Operating profit stood at ₹141 crore — an operating margin (OPM) of 31.3%, compared with 28.6% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Happy Forgings Limited posted revenue of ₹1,546 crore, a growth of 9.8% over FY25, with a net profit of ₹302 crore (up 12.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,642 crore with a net profit of ₹328 crore.

Valuation snapshot

At the current price of ₹1,866.00, HAPPYFORGE has a market capitalisation of ₹17,615 crore and a trailing P/E of about 53.7.

Within the Metal Fabrication industry, it is the 3rd-largest of the 4 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 78.44%, foreign institutional investors (FIIs) 2.37%, domestic institutional investors (DIIs) 14.93%, public shareholders 4.26% of Happy Forgings Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹17,615 Cr
Current Price ?
₹1,866.0
P/E ?
53.73below ind
Industry P/E ?
173.90
P/B ?
8.28
P/S ?
10.73
P/FCF ?
-1,100.95
Enterprise Value ?
₹17,945 Cr
EV/EBITDA ?
35.18
PEG ?
4.13
Earnings Yield ?
2.3%
Dividend Yield ?
0.22%
Profitability & Returns
Sales (TTM) ?
₹1,642 Cr
OPM ?
31.1%
Profit after tax (TTM) ?
₹328 Cr
EPS (TTM) ?
₹34.73
ROCE ?
18.0%
ROE ?
15.4%
ROA ?
12.5%
Growth
Sales — latest qtr ?
₹449 Cr
PAT — latest qtr ?
₹91 Cr
YoY qtr sales growth ?
27.0%
YoY qtr profit growth ?
39.2%
Sales growth (3y) ?
9%
Sales growth (5y) ?
21%
Profit growth (3y) ?
13%
Profit growth (5y) ?
28%
Financial Health
Debt ?
₹330 Cr
Debt to Equity ?
0.16
Interest Coverage ?
35.7
Current Ratio ?
N/A
Ownership
Promoter holding ?
78.44%
Change in promoter holding ?
-0.10%
Pledged percentage ?
N/A
Market
Return 3 months ?
17.0%
Return 6 months ?
39.6%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 302330343342343341361354352354377391424449 +27.0% +6.0%
Operating Profit 8610094959798105101102101116120133141 +39.3% +5.9%
Other Income 231378137101068611 +7.1% +84.7%
Interest 53441122222243 +33.2% -23.4%
Depreciation 1415161716182019202122222526 +27.7% +4.9%
Profit Before Tax 6885747887869787908999104111123 +38.3% +10.5%
Net Profit 5164555866647165686673798491 +39.2% +8.9%
EPS 5.677.166.176.157.256.787.586.857.196.977.798.378.869.70 +39.2% +9.5%
OPM % 28.5% 30.3% 27.4% 27.8% 28.3% 28.6% 29.2% 28.6% 29.1% 28.6% 30.7% 30.8% 31.4% 31.3% +9.4% -0.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,409 Cr ₹1,546 Cr ₹1,642 Cr +9.8%
Operating Profit ₹407 Cr ₹470 Cr ₹510 Cr +15.7%
OPM % 28.87% 30.41% 31.06% +5.3%
NPM % 18.99% 19.53% 19.97% +2.8%
Other Income ₹38 Cr ₹31 Cr ₹31 Cr -18.1%
Depreciation ₹77 Cr ₹90 Cr ₹95 Cr +16.2%
Interest ₹8 Cr ₹11 Cr ₹11 Cr +41.4%
EBIT ₹330 Cr ₹381 Cr ₹415 Cr +15.5%
PBT ₹360 Cr ₹402 Cr ₹436 Cr +11.7%
Tax ₹92 Cr ₹73 Cr ₹81 Cr -20.9%
Net Profit ₹268 Cr ₹302 Cr ₹328 Cr +12.9%
EPS ₹28.40 ₹31.99 ₹34.72 +12.6%
Material Cost ₹603 Cr ₹449 Cr ₹491 Cr -25.5%
Employee Cost ₹125 Cr ₹100 Cr ₹107 Cr -19.7%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 18191919 +0.0%
Reserves 9701,5941,8312,109 +15.2%
Borrowings 219143227330 +45.4%
Other Liabilities 119130138175 +26.8%
Total Liabilities 1,3261,8862,2152,633 +18.9%
Fixed Assets 6787449071,116 +23.0%
CWIP 75127123229 +86.2%
Investments 0080238 +197.5%
Other Assets 5731,0151,1051,050 -5.0%
Total Assets 1,3261,8862,2152,633 +18.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 209189292445 +52.4%
Cash from Investing Activity -172-470-319-498 -56.1%
Cash from Financing Activity -372813966 +69.2%
Net Cash Flow -011213 +8.3%
Free Cash Flow 35-412-16 -233.3%
CFO/OP 80%71%92%114% +23.9%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 949611093 -15.5%
Inventory Days 112137143134 -6.3%
Days Payable 32342834 +21.4%
Cash Conversion Cycle 175199226193 -14.6%
Working Capital Days 7110298133 +35.7%
ROCE % 26%23%19%18% -5.3%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 78.54%78.52%78.50%78.48%78.44% -0.1%
FIIs 2.17%2.03%1.84%1.73%2.37% +37.0%
DIIs 16.98%17.02%16.73%16.48%14.93% -9.4%
Public 2.31%2.45%2.94%3.30%4.26% +29.1%
No. of Shareholders 63,79061,07561,48457,81565,550 +13.4%

⚖️ Peer comparison

Industry: Metal Fabrication · 4 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 INDOMIM INDO-MIM ₹1,243.70 61,499 — — — — — — — 9.4% 31.9%
2 PTCIL PTC Industries ₹23,440.00 35,143 279.8 697 125 24.8% 18.0% 95.7% 66.0% 97.4% 466.2%
3 HAPPYFORGE HAPPY FORGINGS ₹2,168.40 20,470 62.5 1,642 328 31.1% 20.0% 9.8% 13.0% 27.0% 39.2%
4 ARDEE Ardee Industries ₹47.42 1,495 — — — — — — — 35.0% 4.8%
❓ Frequently asked questions
What was Happy Forgings Limited's revenue in Q1 FY27?
Happy Forgings Limited reported revenue of ₹449 crore for the quarter ended June 2026 (Q1 FY27), up 27.0% from ₹354 crore in the same quarter last year, and up 6.0% sequentially over the March 2026 quarter.
What was Happy Forgings Limited's net profit in Q1 FY27?
Net profit rose 39.2% year-on-year to ₹91 crore, from ₹66 crore. Earnings per share (EPS) came in at ₹9.70.
What is HAPPYFORGE's market capitalisation and P/E ratio?
At the current price of ₹1,866.00, HAPPYFORGE has a market capitalisation of ₹17,615 crore and a trailing P/E of about 53.7.
Who owns Happy Forgings Limited? (shareholding pattern)
As of Sep 2026, promoters held 78.44%, foreign institutional investors (FIIs) 2.37%, domestic institutional investors (DIIs) 14.93%, public shareholders 4.26% of Happy Forgings Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI