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- Happy Forgings
Happy Forgings share price
NSE: HAPPYFORGECapital GoodsMetal Fabrication
Happy Forgings at a glance
Happy Forgings (NSE: HAPPYFORGE) closed at ₹1,839.00 on 22 Oct 2026, up 1.32% on the day. With a market capitalisation of ₹17,356 Cr, it ranks 381st by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the Capital Goods sector; its industry is Metal Fabrication.
At its last close the stock traded at 57.6× trailing earnings, against a return on equity of 14.2% in FY26. Over the past year the share price has risen 104.8%. Its 52-week range is ₹976.00 (6 Nov 2025) to ₹2,470.00 (1 Sep 2026); the last close is 25.5% below the high. In Q1 FY27, the quarter ended 30 Jun 2026, revenue was ₹449 Cr (+27.0% year on year) and net profit ₹91 Cr (+39.2%), on a consolidated basis. Promoters held 78.46% of the company as of 30 Jun 2026.
Key numbers
- Market cap
- ₹17,356 CrRank 381 on NSE
- P/E (trailing)
- 57.6×
- Price to book
- 5.13×FY26
- EPS (TTM)
- ₹34.72to Q1 FY27
- ROE
- 14.2%FY26
- ROCE
- 18.9%FY26
- Debt to equity
- 0.15FY26
- Net profit margin
- 19.5%FY26
- Book value / share
- ₹225.56FY26
- Dividend payout
- 9.4%FY26
- 52-week high
- ₹2,470.001 Sep 2026
- 52-week low
- ₹976.006 Nov 2025
- 1-year return
- +104.8%
- RSI (14-day)
- 32.4
Returns to 22 Oct 2026
| Period | 1 day | 1 week | 1 month | 3 months | 1 year |
|---|---|---|---|---|---|
| Price change | +1.32% | −4.1% | −12.7% | +14.9% | +104.8% |
Happy Forgings quarterly results
| Quarter | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹361 Cr | ₹354 Cr | ₹352 Cr | ₹354 Cr | ₹377 Cr | ₹391 Cr | ₹424 Cr | ₹449 Cr |
| Revenue YoY | +5.3% | +3.6% | +2.5% | +3.6% | +4.5% | +10.4% | +20.4% | +27.0% |
| Net profit | ₹71 Cr | ₹65 Cr | ₹68 Cr | ₹66 Cr | ₹73 Cr | ₹79 Cr | ₹84 Cr | ₹91 Cr |
| Net profit YoY | +29.2% | +11.5% | +2.8% | +3.0% | +2.9% | +22.3% | +23.6% | +39.2% |
| Net margin | 19.8% | 18.2% | 19.2% | 18.6% | 19.5% | 20.2% | 19.7% | 20.4% |
| EPS | ₹7.58 | ₹6.85 | ₹7.18 | ₹6.97 | ₹7.79 | ₹8.37 | ₹8.86 | ₹9.70 |
Happy Forgings financials
| Item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | ₹860 Cr | ₹1,197 Cr | ₹1,358 Cr | ₹1,409 Cr | — |
| Operating profit | ₹192 Cr | ₹280 Cr | ₹324 Cr | ₹360 Cr | — |
| Net profit | ₹142 Cr | ₹209 Cr | ₹243 Cr | ₹267 Cr | — |
| EPS (₹) | ₹16.00 | ₹23.00 | ₹27.00 | ₹28.00 | — |
| Cash from operations | ₹80 Cr | ₹209 Cr | ₹189 Cr | ₹292 Cr | — |
| Total debt | ₹74 Cr | ₹58 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Shareholders' equity | ₹788 Cr | ₹988 Cr | ₹1,612 Cr | ₹1,850 Cr | ₹2,128 Cr |
Happy Forgings shareholding pattern
| Holder | 31 Dec 2024 | 30 Jun 2025 | 30 Sep 2025 | 31 Dec 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|---|---|
| Promoters | 78.60% | 78.54% | 78.52% | 78.50% | 78.48% | 78.46% |
| Foreign institutions | 2.28% | 2.17% | 2.02% | 1.84% | 1.73% | 1.88% |
| Domestic institutions | 17.06% | 16.98% | 17.01% | 16.73% | 16.48% | 15.54% |
| Non-institutions | 2.05% | 2.31% | 2.45% | 2.93% | 3.31% | 4.13% |
Happy Forgings vs peers
The listed Capital Goods companies nearest to Happy Forgings by market capitalisation.
| Company | Price | 1 day | 1 year | Market cap | P/E | ROE |
|---|---|---|---|---|---|---|
| INOXINDIAINOX India | ₹1,916.20 | −0.20% | +62.7% | ₹17,392 Cr | 67.6 | — |
| HAPPYFORGEHappy Forgings | ₹1,839.00 | +1.32% | +104.8% | ₹17,356 Cr | 57.6 | — |
| DIACABSDiamond Power Infrastructure | ₹326.00 | −4.52% | +134.2% | ₹17,179 Cr | 108.7 | — |
| LMWLMW | ₹15,986.00 | −1.32% | +8.6% | ₹17,078 Cr | — | — |
| ELGIEQUIPElgi Equipments | ₹533.15 | +1.09% | +15.5% | ₹16,896 Cr | 39.2 | — |
| AZADAzad Engineering | ₹2,574.00 | +1.38% | +56.2% | ₹16,623 Cr | 124.5 | — |
| AEQUSAequs | ₹243.65 | −1.52% | — | ₹16,341 Cr | — | — |
Ask anything about Happy Forgings
Pivot answers on the live chart with evidence you can check, and tests strategies against HAPPYFORGE's own history. Try: “Why has HAPPYFORGE moved over the last three months?” · “Backtest a 50-day moving-average crossover on HAPPYFORGE over five years” · “Compare HAPPYFORGE with INOXINDIA on margins and valuation”
Frequently asked questions about Happy Forgings
What is the share price of Happy Forgings today?
Happy Forgings (NSE: HAPPYFORGE) last closed at ₹1,839.00 on 22 Oct 2026. Its 52-week high is ₹2,470.00 and its 52-week low is ₹976.00.
What is the market cap of Happy Forgings?
Happy Forgings' market capitalisation is ₹17,356 Cr (₹17,356 Cr) at the 22 Oct 2026 close, ranking 381st among the NSE companies Pivot tracks.
What is the P/E ratio of Happy Forgings?
Happy Forgings trades at a trailing P/E of 57.6. The median P/E of the 4 closest Capital Goods peers by market cap is 108.7.
What is the ROE and ROCE of Happy Forgings?
Return on equity was 14.2% in FY26 and return on capital employed was 18.9% in FY26 (consolidated figures).
Is Happy Forgings a debt-free company?
No. Happy Forgings' debt-to-equity ratio was 0.15 in FY26, with total debt of ₹0 Cr.
What were Happy Forgings' latest quarterly results?
For Q1 FY27 (quarter ended 30 Jun 2026), Happy Forgings reported revenue of ₹449 Cr, +27.0% year on year, and net profit of ₹91 Cr, +39.2% year on year.
How has Happy Forgings stock performed over the last year?
Happy Forgings' share price has risen 104.8% over the past year, +14.9% over three months and −12.7% over one month, to the 22 Oct 2026 close.
What is the shareholding pattern of Happy Forgings?
As of 30 Jun 2026: promoters 78.46%, foreign institutions 1.88%, domestic institutions 15.54%, non-institutions 4.13%.
Who are Happy Forgings' competitors?
The listed Capital Goods companies closest to Happy Forgings by market cap are INOX India, Diamond Power Infrastructure, LMW, Elgi Equipments, Azad Engineering and Aequs.
Is Happy Forgings a good stock to buy?
Pivot does not give buy or sell recommendations. This page sets out Happy Forgings' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on HAPPYFORGE against its own history before risking money. This is analysis, not financial advice.
Sources and method
Prices: NSE daily closes to 22 Oct 2026 (returns and ratios at the 22 Oct 2026 close). Fundamentals: company filings via Moneycontrol, consolidated where available. Shareholding: exchange shareholding-pattern filings. The 52-week range uses intraday highs and lows; the chart marks closing prices. P/E is the last close over trailing twelve-month EPS. Market-cap rank is among the 4,183 NSE companies Pivot tracks; SEBI's bands call the top 100 large-cap and the next 150 mid-cap. Figures marked “—” are not available rather than zero. This is analysis, not financial advice.
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