# Happy Forgings (NSE: HAPPYFORGE) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/HAPPYFORGE · Pivot · prices to 22 Oct 2026

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

| Metric | Value |
| --- | --- |
| Last close | ₹1,839.00 |
| Market cap | ₹17,356 Cr |
| P/E (trailing) | 57.6 |
| ROE | 14.2% (FY26) |
| ROCE | 18.9% (FY26) |
| Debt to equity | 0.15 |
| 52-week high | ₹2,470.00 (1 Sep 2026) |
| 52-week low | ₹976.00 (6 Nov 2025) |
| 1-year return | +104.8% |

## Quarterly results (₹ crore, consolidated)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q1 FY27 | ₹449 Cr | +27.0% | ₹91 Cr | +39.2% | ₹9.70 |
| Q4 FY26 | ₹424 Cr | +20.4% | ₹84 Cr | +23.6% | ₹8.86 |
| Q3 FY26 | ₹391 Cr | +10.4% | ₹79 Cr | +22.3% | ₹8.37 |
| Q2 FY26 | ₹377 Cr | +4.5% | ₹73 Cr | +2.9% | ₹7.79 |
| Q1 FY26 | ₹354 Cr | +3.6% | ₹66 Cr | +3.0% | ₹6.97 |
| Q4 FY25 | ₹352 Cr | +2.5% | ₹68 Cr | +2.8% | ₹7.18 |
| Q3 FY25 | ₹354 Cr | +3.6% | ₹65 Cr | +11.5% | ₹6.85 |
| Q2 FY25 | ₹361 Cr | +5.3% | ₹71 Cr | +29.2% | ₹7.58 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY25 | ₹1,409 Cr | ₹267 Cr |
| FY24 | ₹1,358 Cr | ₹243 Cr |
| FY23 | ₹1,197 Cr | ₹209 Cr |
| FY22 | ₹860 Cr | ₹142 Cr |

## Shareholding (30 Jun 2026)

- Promoters: 78.46%
- Foreign institutions: 1.88%
- Domestic institutions: 15.54%
- Non-institutions: 4.13%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [INOX India](https://app.pivotnow.in/stock/INOXINDIA) | ₹1,916.20 | ₹17,392 Cr | 67.6 | — |
| [Diamond Power Infrastructure](https://app.pivotnow.in/stock/DIACABS) | ₹326.00 | ₹17,179 Cr | 108.7 | — |
| [LMW](https://app.pivotnow.in/stock/LMW) | ₹15,986.00 | ₹17,078 Cr | — | — |
| [Elgi Equipments](https://app.pivotnow.in/stock/ELGIEQUIP) | ₹533.15 | ₹16,896 Cr | 39.2 | — |
| [Azad Engineering](https://app.pivotnow.in/stock/AZAD) | ₹2,574.00 | ₹16,623 Cr | 124.5 | — |
| [Aequs](https://app.pivotnow.in/stock/AEQUS) | ₹243.65 | ₹16,341 Cr | — | — |

## Questions and answers

### 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.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.