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Happy Forgings Limited

Capital Goods · Industrial Products

NSE: HAPPYFORGE BSE: 544057
₹2013.20
▲ 9.50 (0.47%)
Oct. 5, 2026 · NSE · nse_bhavcopy
Quality
85/100
Strong
Valuation
11/100
Expensive
Momentum
30/100
Neutral

QVM read Quality business Quality Strong, Valuation Expensive, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹19,000 Cr
PE (TTM)
58.0
Industry median 23.6 (265 companies)
Price to Book
8.9
PEG (TTM)
2.7
Institutions holding %
17.42%
FII + DII, latest filed period
Piotroski Score
4
Relative return vs Nifty50, qtr %
59.4
Relative return vs Sector, qtr %
38.9
Free Cash Flow
₹-10 Cr
as of March 31, 2026
Industry median ₹-0 Cr (379 companies)
EPS Growth (YoY)
39.17%
as of June 30, 2026
Industry median 18.18% (314 companies)
Net Profit Growth (TTM)
11.96%
as of June 30, 2026
Industry median 12.01% (310 companies)
Operating Revenue Growth (TTM)
15.53%
as of June 30, 2026
Industry median 8.28% (307 companies)
Profit Growth (YoY)
23.31%
as of March 31, 2026
Industry median 15.23% (307 companies)
Revenue Growth (YoY)
27.03%
as of June 30, 2026
Industry median 16.28% (288 companies)
Current Ratio
2.35
as of March 31, 2026
Industry median 2.00 (375 companies)
Debt to Equity
0.15
as of March 31, 2026
Industry median 0.15 (334 companies)
Interest Coverage
39.82
as of June 30, 2026
Industry median 6.34 (319 companies)
Net Margin
19.72%
as of March 31, 2026
Industry median 5.55% (300 companies)
Operating Margin (EBIT)
27.97%
as of June 30, 2026
Industry median 9.14% (306 companies)
Operating Margin (TTM)
27.24%
as of June 30, 2026
Industry median 8.26% (317 companies)
Return on Assets
11.46%
as of March 31, 2026
Industry median 4.65% (315 companies)
Return on Capital Employed
18.95%
as of March 31, 2026
Industry median 11.69% (315 companies)
Return on Equity
14.17%
as of March 31, 2026
Industry median 8.58% (315 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

5 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 4)
  • Yes Debt to equity is below 0.5 (0.15)
  • No Return on equity is 15% or more (14.2%)
  • Yes Net cash flow for the latest year is positive
  • Yes Cash from operations is higher than the year before

Ownership

3 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • No Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

3 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • Yes Profit growth beats the industry median

Value and momentum

0 of 6 met
  • No Price sits in the Buy zone of its own historical PE range (Overvalued (above its own historical PE range))
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • No Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.5%
Low 1991.0000 · High 2065.6000
1W return
0.8%
Low 1961.0000 · High 2107.0000
1M return
-10.1%
Low 1961.0000 · High 2341.8000
52W return
115.1%
Low 888.7500 · High 2470.0000
Lifetime High ₹2420.4000 (Sept. 1, 2026)
Lifetime Low ₹756.1500 (April 9, 2025)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish2
Bearish4
5D
2034.6
10D
2063.4
20D
2098.1
50D
2023.8
100D
1833.5
200D
1488.0

Delivery and volume

Day avg. delivery
57.2%
Week avg. delivery
63.8%
Month avg. delivery
62.4%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

2023.27
Pivot
First resistance2055.53
Second resistance2097.87
Third resistance2130.13
First support1980.93
Second support1948.67
Third support1906.33
Day RSI41.5
Day MFI50.0
Day MACD-24.12
Day MACD signal-0.22

Beta

1M1.27
3M0.72
1Y1.02
3Y0.84

Price change analysis

↓ -10.1%
Over 1 Month
LowHigh
1961.002341.80
↑ 31.8%
Over 3 Months
LowHigh
1477.002470.00
↑ 65.5%
Over 6 Months
LowHigh
1183.402470.00
↑ 115.1%
Over 1 Year
LowHigh
888.752470.00
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 58.0 (own history: 27.7–44.3)
Overvalued (above its own historical PE range)

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹449 Cr
Net profit (June 30, 2026)
₹91 Cr
Basic EPS (June 30, 2026)
₹9.7000

Ranks #18 of 335 in Industrial Products by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter78.46%
  • Mutual funds13.86%
  • FII/FPI1.88%
  • Other DII1.68%
  • Public4.12%

Largest holders

NameCategoryShares %Shares
PARITOSH KUMARPromoter40.3100%38047000
ASHISH GARGPromoter13.7200%12946200
AYUSH CAPITAL & FINANCIAL SERVICES PRIVATE LIMITEDPromoter11.3900%10745100
SBI Small Cap FundPublic4.9800%4700000
MEGHA GARGPromoter2.5600%2419900

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings decreased from 78.48% to 78.46% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings increased from 1.73% to 1.88% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings decreased from 14.63% to 13.86% in Jun 2026 qtr

7 mutual fund schemes also hold this stock.

All shareholding details →

Insider trading, SAST & pledges

All 12 insider trades, 3 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
18 Mar 2026 PANKAJ KUMAR GOYAL Key managerial personnel Sell 0 ₹0
18 Mar 2026 PANKAJ KUMAR GOYAL Key managerial personnel Buy 0 ₹0
18 Mar 2026 PANKAJ KUMAR GOYAL Key managerial personnel Sell 0 ₹0
24 Feb 2026 Dnyaneshwar Turambekar Employee / designated person Sell 0 ₹0
17 Feb 2026 PATWINDER SINGH Employee / designated person Sell 0 ₹0
14 Feb 2026 GURJINDER SINGH Employee / designated person Sell 0 ₹0
14 Feb 2026 GURJINDER SINGH Employee / designated person Sell 0 ₹0
19 Dec 2025 MANGESH SHANTARAM PURANDARE Employee / designated person Sell 0 ₹0
19 Dec 2025 MANGESH SHANTARAM PURANDARE Employee / designated person Buy 0 ₹0
2 Sep 2025 PATWINDER SINGH Employee / designated person Sell 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 7 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
12 Feb 2026 RAJNI TARUN JAIN Block Buy 220,704 1145.0000 NSE
12 Feb 2026 KOTAK MAHINDRA MUTUAL FUND Block Buy 2,466,000 1145.0000 NSE
12 Feb 2026 BUSINESS EXCELLENCE TRUST III Block Sell 2,686,704 1145.0000 NSE
12 Feb 2026 KOTAK MAHINDRA MUTUAL FUND Bulk Buy 2,466,000 1145.0000 NSE
12 Feb 2026 BUSINESS EXCELLENCE TRUST III Bulk Sell 2,686,704 1145.0000 NSE
24 Jan 2025 SBI MUTUAL FUND Bulk Buy 3,591,766 950.0000 BSE
24 Jan 2025 BUSINESS EXCELLENCE TRUST III Bulk Sell 3,910,098 950.0600 BSE

All bulk and block deals →

Dividends

Full dividend history →
Last 12 months ₹4.00 per share
Dividend yield 0.20%
Ex-dateSubjectPer share (₹)Record date
20 Jul 2026 Dividend - Rs 4 Per Share 4.0000 20 Jul 2026
22 Jul 2025 Dividend - Rs 3 Per Share 3.0000 22 Jul 2025
22 Jul 2024 Dividend - Rs 4 Per Share 4.0000 22 Jul 2024

Corporate Actions

Full history (4 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
22 Jul 2024OTHERAnnual General Meeting

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
4 Aug 2026 Financial Results Yes
21 May 2026 Financial Results/Dividend Yes
9 Feb 2026 Financial Results Yes
6 Nov 2025 Financial Results Yes
9 Aug 2025 Financial Results Yes

Corporate Announcements

All 251 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
21 Sep 2026 Trading Window Happy Forgings Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
21 Sep 2026 Insider Trading / SAST Happy Forgings Ltd - 544057 - Closure of Trading Window
11 Sep 2026 Company Update Happy Forgings Ltd - 544057 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
11 Sep 2026 ESOP/ESOS/ESPS Happy Forgings Limited has informed the Exchange regarding Allotment of 22412 Shares.
11 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Happy Forgings Limited has informed the Exchange about Transcript
11 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Happy Forgings Limited has informed the Exchange about Schedule of meet
5 Aug 2026 Copy of Newspaper Publication Happy Forgings Limited has informed the Exchange about Copy of Newspaper Publication
5 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Happy Forgings Limited has informed the Exchange about Link of Recording
4 Aug 2026 Updates Happy Forgings Limited has informed the Exchange regarding 'corrigendum to the letter submitted for financial results for the quarter ended 30th June 2026'.
4 Aug 2026 Press Release Happy Forgings Limited has informed the Exchange regarding a press release dated August 04, 2026, titled "Press release dated 4th August 2026".

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.15)
  • Comfortable interest coverage (39.8x)
  • Healthy liquidity (Current Ratio 2.35)
  • Strong revenue growth YoY (27.0%)

Weaknesses

Data unavailable.

Opportunities

Data unavailable.

Threats

  • PE above 35 (58.0) -- priced for continued strong execution

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Happy Forgings Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.