Debut Plus

₹1,608.9

▼ -8.57 -0.53%

17 Jul 2026

NSE Listed

Happy Forgings Limited (HAPPYFORGE)

Volume: 76,398Avg Vol 1W: 61,417.4Avg Vol 1M: 64,821.0552W Range:₹862.05₹1,636.5
NSE BSE www.happyforgingsltd.com
Key Ratios
Checked 19h ago
Market Cap₹15,260 Cr
Current Price₹1,608.9
Previous Close₹1,617.47
High / Low (52w)₹1,636.5 / ₹862.05
Volume76,398
Avg Vol (1W)61,417.4
Avg Vol (1M)64,821.05
Stock P/E182.55
Book Value₹225.56
Dividend Yield0.3%
ROE14.2%
ROA11.5%
Revenue (TTM)₹1,577 Cr
Revenue Growth3.7%
Profit Margin19.5%
Total Debt₹0 Cr
Shares Outstanding9 Cr
Face Value₹2
EPS (TTM)₹8.86
P/B7.17
Debt / Equity0.15
50 DMA₹1,457.87
200 DMA₹1,225.2
Day change-0.53%
Price Chart
₹1,608.9▲ 71.22% · 1Y
₹1609₹8788.1L
2025-07-16
2026-07-15

20-day avg volume: 65K shares

Pros
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 183.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹341 Cr₹361 Cr₹354 Cr₹352 Cr₹354 Cr₹377 Cr₹391 Cr₹424 Cr
EBITDA₹87 Cr₹99 Cr₹89 Cr₹92 Cr₹91 Cr₹100 Cr₹106 Cr₹115 Cr
Net Profit₹64 Cr₹71 Cr₹65 Cr₹68 Cr₹66 Cr₹73 Cr₹79 Cr₹84 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹565 Cr₹591 Cr₹866 Cr₹1,202 Cr₹1,372 Cr₹1,446 Cr₹1,577 Cr
EBITDA₹121 Cr₹129 Cr₹199 Cr₹292 Cr₹336 Cr₹367 Cr₹412 Cr
Net Profit₹80 Cr₹86 Cr₹142 Cr₹209 Cr₹243 Cr₹267 Cr₹302 Cr
EPS900.85965.8915.923.3226.7528.3731.92
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹763 Cr₹874 Cr₹1,130 Cr₹1,326 Cr₹1,886 Cr₹2,215 Cr₹2,633 Cr
Total Liabilities₹205 Cr₹229 Cr₹342 Cr₹338 Cr₹273 Cr₹366 Cr₹505 Cr
Equity₹558 Cr₹645 Cr₹788 Cr₹988 Cr₹1,612 Cr₹1,850 Cr₹2,128 Cr
Total Debt₹54 Cr——————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹94 Cr₹123 Cr₹273 Cr₹273 Cr₹376 Cr₹538 Cr
Investing₹-59 Cr₹-166 Cr₹-172 Cr₹-470 Cr₹-320 Cr₹-497 Cr
Financing₹0 Cr₹83 Cr₹-37 Cr₹281 Cr₹40 Cr₹65 Cr
Free Cash Flow₹94 Cr₹123 Cr₹273 Cr₹273 Cr₹376 Cr₹538 Cr
Shareholding
Promoter 78.46% Institutions 17.42% Public 4.13%
Efficiency & Working Capital
ROCE16.8%
Interest Coverage39.4
Dividend Payout—
Debtor Days93 d
Inventory Days55 d
Payable Days14 d
Cash Conversion Cycle134 d
Working Capital Days148 d
Shareholding Details

As of 2026-06-30

Promoter78.5%
FII1.9%
DII15.5%
Institutions17.4%
Public4.1%
Promoter Pledge0%
No. of Shareholders64,341
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodAug 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters88.2%78.6%78.6%78.6%78.6%78.6%78.6%78.5%78.5%78.5%78.5%78.5%
FIIs0%2.1%1.1%2.2%2.3%2.3%2.2%2.2%2%1.8%1.7%1.9%
DIIs0%5.8%16.9%16.7%17.1%17.1%17.1%17%17%16.7%16.5%15.5%
Public11.8%13.5%3.3%2.5%2%2%2.2%2.3%2.4%2.9%3.3%4.1%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders81,34,83993,58774,09065,37664,98264,67063,79061,07561,48457,81564,341
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
Major Shareholders (>1%)
NameCategoryStakeShares
Paritosh KumarShareholding of Promoter and Promoter Group40.3%3.80 Cr
Ashish GargShareholding of Promoter and Promoter Group13.7%1.29 Cr
Ayush Capital & Financial Services Private LimitedShareholding of Promoter and Promoter Group11.4%1.07 Cr
Paritosh KumarShareholding of Promoter and Promoter Group9.5%89,49,900
Sbi Small Cap FundPublic Shareholding5%47,00,000
Megha GargShareholding of Promoter and Promoter Group2.6%24,19,900
Hsbc Mutual Fund - Hsbc Small Cap FundPublic Shareholding2.4%22,42,349
Kotak Small Cap FundPublic Shareholding2.3%21,33,205
Axis Mutual Fund Trustee Limiteda/c Mutual Fund A/c Axis Small Cap FundPublic Shareholding1.4%13,45,806
Ikigai Emerging Equity FundPublic Shareholding1.2%11,32,228
Paritosh Kumar Garg HufShareholding of Promoter and Promoter Group0.7%6,85,255
Ashish Garg & Sons HufShareholding of Promoter and Promoter Group0.3%2,54,200
Sudesh Kumari AgarwalShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Paritosh Kumar00%2026-06-30
Ashish Garg00%2026-06-30
Megha Garg00%2026-06-30
Paritosh Kumar Garg Huf00%2026-06-30
Ashish Garg & Sons Huf00%2026-06-30
Sudesh Kumari Agarwal00%2026-06-30
Paritosh Kumar00%2026-06-30
Ayush Capital & Financial Services Private Limited00%2026-06-30
Sbi Small Cap Fund00%2026-06-30
Kotak Small Cap Fund00%2026-06-30
Hsbc Mutual Fund - Hsbc Small Cap Fund00%2026-06-30
Axis Mutual Fund Trustee Limiteda/c Mutual Fund A/c Axis Small Cap Fund00%2026-06-30
Board of Directors
NameDesignationYear
Paritosh Kumar GargChairman / Executive Director / M D / Promoter2026
ASHISH GARGED / MD / Promoter2026
Megha GargWTD & Executive Director2026
Atul B LallIndependent Non Exe. Director2026
Ravindra PisharodyIndependent Non Exe. Director2026
Rajeswari KarthigeyanIndependent Non Exe. Director2026
Bindu GargCompany Sec. & Compli. Officer2026
Segments — Product
SegmentRevenueShare
Forgings₹0 Cr—
Segments — Geography
RegionRevenueShare
Within India₹1,203 Cr84.5%
Outside India₹220 Cr15.5%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹2301919
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-20Dividend (4/- per share)Final
dividend2025-07-22₹3 (150%)Final
forthcoming—Book ClosureAGM & 200% Final Dividend
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2026100191535
2026100001
2026000000
Insider / Designated-Person Trades

21 recent disclosure(s)

MANISHADisposal · 600
MANISHADisposal · 380
MANISHADisposal · 200
GURJINDER SINGHDisposal · 161
PATWINDER SINGHDisposal · 2,000
ATLPS1918HDisposal · 1,050
Substantial Acquisitions (SAST)

1 disclosure(s)

Market24/01/2025 · 38,82,990
Company Information
Incorporated1979
ChairmanParitosh Kumar Garg
AuditorS R Batliboi & Co LLP
Investor Email[email protected]
🌐 www.happyforgingsltd.com ↗

📍 B-XXIX 2254/1 Kanganwal Rd P O, Jugiana, Ludhiana, Punjab, 141120

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