Happy Forgings Limited
HAPPYFORGE · General/Diversified · NSE
₹1,351
Current Market Price
Fair Value (DCF)
₹435
Discount to FV
-67.8%
Updated 2h ago
YieldIQ Score
35/100
Piotroski F-Score
5/9
Economic Moat
Narrow
Confidence
40%
ROE
14.2%
Debt/Equity
0.15
WACC
12.4%
Market Cap
₹12,751 Cr
Quality & Valuation
Neutral model outputs — no recommendations.
ROCE
20.4%
Return on capital employed
EV / EBITDA
28.9×
Enterprise multiple
Debt / EBITDA
0.5×
Leverage vs earnings
Interest Coverage
52.4×
EBIT covers interest
Current Ratio
2.81×
Short-term liquidity
Asset Turnover
0.67×
Revenue per ₹ of assets
Revenue CAGR (3Y)
2.5%
3-year revenue growth
Revenue CAGR (5Y)
11.0%
5-year revenue growth
DCF Scenario Analysis
vs CMP ₹1,351.4
Bear case
Discount -409.2%
Base case
Discount -210.5%
Bull case
Discount -147.0%
Ratio Trends
HAPPYFORGE · last 5 annual periods
ROE
14.2%
ROCE
20.4%
Operating Margin
—
Debt / Equity
0.15×
PE
—
EV / EBITDA
—
Historical Financials
HAPPYFORGE · Annual, last 5 years· amounts in ₹Cr unless noted
| Metric | 2022 yfinance | 2023 yfinance | 2024 NSE_XBRL | 2025 yfinance | 2026 yfinance | CAGR |
|---|---|---|---|---|---|---|
| Revenue | ₹794 Cr | ₹1074 Cr | ₹1243 Cr | ₹1409 Cr | ₹1546 Cr | +18.1% |
| EBITDA | ₹236 Cr | ₹346 Cr | ₹400 Cr | ₹444 Cr | ₹501 Cr | +20.7% |
| EBIT | — | — | ₹336 Cr | — | — | +0.0% |
| PAT | ₹142 Cr | ₹209 Cr | ₹243 Cr | ₹267 Cr | ₹302 Cr | +20.7% |
| EPS (diluted) | — | — | ₹26.75 | — | — | +0.0% |
| CFO | ₹80.3 Cr | ₹209 Cr | ₹189 Cr | ₹292 Cr | ₹445 Cr | +53.4% |
| CapEx | ₹-191 Cr | ₹-175 Cr | ₹-194 Cr | ₹-281 Cr | ₹-461 Cr | — |
| FCF | ₹-111 Cr | ₹34.9 Cr | ₹-4.7 Cr | ₹11.5 Cr | ₹-16.6 Cr | — |
| Total Assets | ₹1130 Cr | ₹1326 Cr | ₹1886 Cr | ₹2215 Cr | ₹2633 Cr | +23.6% |
| Total Debt | ₹240 Cr | ₹219 Cr | ₹143 Cr | ₹228 Cr | ₹330 Cr | +8.2% |
| Shareholders' Equity | ₹788 Cr | ₹988 Cr | ₹1612 Cr | ₹1850 Cr | ₹2128 Cr | +28.2% |
CAGR computed across the visible window. Signs reverse if start value is zero or negative.
Peer Comparison
HAPPYFORGE vs 4 closest peers by market-cap band
| Peer | MoS | Score | Verdict | ROE | PE |
|---|---|---|---|---|---|
 GRAVITA GRAVITA | — | — | Pending | 15.5% | — |
 RKFORGE RKFORGE | — | — | Pending | 13.7% | — |
 RHIM RHIM | — | — | Pending | 5.1% | — |
BALUFORGE BALUFORGE | — | — | Pending | 19.4% | — |
Click a ticker to view its fair-value analysis.
Dividend History
2 ex-dividend events on file. Source: NSE corporate-actions feed.
Total paid (5Y)
₹7.00/sh
Last payout
2025-07-22
₹3.00
Peak payout
₹4.00
Trailing yield
0.22%
Amounts parsed from NSE subject lines. Percent-of-face-value declarations are converted using the per-ticker face value (defaults to ₹10).
AI Analysis Summary
Model-generated description of metrics. Not investment advice. Happy Forgings Limited (HAPPYFORGE.NS) trades at 1351.40 vs a model fair value of 435.18, a gap of -67.8%. Piotroski F-score: 5/9. Moat l...
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Market-implied growth
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Risk Analysis
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Risk profile of HAPPYFORGE →
DuPont
ROE decomposition
Why ROE is what it is →
Technicals
RSI, MACD, MAs
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News & Filings
Recent activity
BSE filings + news for HAPPYFORGE →
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Analyse HAPPYFORGENow →Model estimates using publicly available data. Not investment advice. YieldIQ is not registered with SEBI as an investment adviser or research analyst. Past performance does not guarantee future results.