Debut Plus

₹2,171.4

▼ -62.09 -2.78%

11 Sept 2026

NSE Listed · Castings, Forgings & Fastners

ST-ASM · ASM 1
What does ST-ASM · ASM 1 mean?
NSE · Short Term Additional Surveillance Measure (ASM 1)ST-ASM catches short bursts: a beta-adjusted close-to-close move beyond ±25% in 5 trading days (or ±40% in 15) combined with concentrated trading — or a 75%+ monthly range with fewer than 100–200 unique traders. Practical meaning: margins jump to 50–100% for a few weeks to cool a spike; it either lapses quickly or escalates into LT-ASM if the move sustains.Criteria: Short-term (5 / 15 / 30-day) price-volume abnormality — high-low and close-to-close price variation over the window. Adds 100% margin and a 5% (then 2%) price band.Exchange notice · 2026-08-24

Happy Forgings Limited (HAPPYFORGE)

Volume: 49,336Avg Vol 1W: 50,821Avg Vol 1M: 1,05,72352W Range:₹881.75₹2,470
NSE BSE www.happyforgingsltd.com AI Report
Key Ratios
Checked just now
Market Cap₹20,493 Cr
Current Price₹2,171.4
Previous Close₹2,233.49
High / Low (52w)₹2,470 / ₹881.75
Volume49,336
Avg Vol (1W)50,821
Avg Vol (1M)1,05,723
Stock P/E62.59
Book Value₹225.49
Dividend Yield18%
ROE14.17%
ROA12.44%
Revenue (TTM)—
Revenue Growth3.73%
Profit Margin19.94%
Total Debt₹0 Cr
Shares Outstanding9 Cr
Face Value₹2
EPS (TTM)₹34.69
P/B9.63
Debt / Equity0.14
50 DMA₹1,923.05
200 DMA₹1,418.9
Day change-2.78%
SurveillanceST-ASM · ASM 1
Price Chart
₹2,171.4▲ 139.11% · 1Y
₹2420₹9028.1L
2025-09-11
2026-09-11

20-day avg volume: 1.0L shares

Pros
  • Pays a dividend yield of 18.0%.
  • Company is almost debt-free.
Cons
  • Revenue fell 72% YoY.
  • Stock trades at a high P/E of 63.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹361 Cr₹354 Cr₹352 Cr₹354 Cr₹377 Cr₹391 Cr₹424 Cr₹449 Cr
EBITDA₹99 Cr₹89 Cr₹92 Cr₹91 Cr₹100 Cr₹106 Cr₹115 Cr₹126 Cr
Net Profit₹71 Cr₹65 Cr₹68 Cr₹66 Cr₹73 Cr₹79 Cr₹84 Cr₹91 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026Jun 2026
Revenue₹1,446 Cr₹352 Cr₹354 Cr₹377 Cr₹391 Cr₹1,577 Cr₹424 Cr₹449 Cr
EBITDA₹367 Cr₹92 Cr₹91 Cr₹101 Cr₹106 Cr₹412 Cr₹115 Cr₹126 Cr
Net Profit₹267 Cr₹68 Cr₹66 Cr₹73 Cr₹79 Cr₹302 Cr₹84 Cr₹91 Cr
EPS28.37————31.92——
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
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
forthcoming2026-08-04Board Meetings—
forthcoming2026-07-20Dividend (4/- per share)Final
dividend2026-07-20₹4 (200%)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

28 recent disclosure(s)

NARINDER SINGHDisposal · 24
NARINDER SINGHDisposal · 2,500
NARINDER SINGHDisposal · 500
BAJIRAO PANDURANG PATIL RevisedDisposal · 864
GURJINDER SINGHDisposal · 4
GURJINDER SINGHDisposal · 90
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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