Happy Forgings Ltd. Share Price

Overview

Happy Forgings Ltd. share price is currently ₹2,126.92, down by - ₹5.18 (0.24%) from its previous closing price of ₹2,132.10. The share price has declined -7.47% over the past month and gained 135.83% over the past year. The stock's 52-week low and high are ₹874.54 and ₹2,438.92, respectively. Happy Forgings Ltd. has a market capitalisation of ₹ 20,470.00 Cr. The share price was last updated on 18 Sep 2026, 03:30 PM IST.

Happy Forgings Ltd.
Happy Forgings Ltd.
HAPPYFORGE
 0.00
- 5.18
0.24%
Automobile & Ancillaries
 0.00(%)1D

Updated: 18 Sep 2026, 03:30:00 pm IST

Market Data

Open Price

 2,139.13

Prev. Close

 2,132.10
 2,126.92

Day Low

 2,168.30

Day High

 874.54

52 Week Low

 2,438.92

52 Week High

Automobile & AncillariesForgings
CategoryMid Cap

Fundamentals

Quick Bite

Price To Earnings Ratio

61.29

Sector PE

19.88

PB Ratio

9.46

Sector PB

4.82

EPS

34.70

Dividend Yield

0.35

Today's Volume

61.098 K

5 Day Avg. Volume

84.837 K

PEG Ratio

4.84

Market Cap.

₹ 20,470.00 Cr.

StockGro Trade views

Technical Analysis

Forecasts 🧭

Financials

Corporate Actions

ActionsEx-DateRecord-Date
DividendsFinal Dividend of 200% at ₹4/Share
20-Jul-202620-Jul-2026
DividendsFinal Dividend of 150% at ₹3/Share
22-Jul-202522-Jul-2025

Mutual Fund Ownership

Mutual Fund Holder
Jul 26
Shares held
Aug 26
Shares held
SBI Small Cap Fund - Regular Plan - Growth37.00 Lac
37.00 Lac
no change
HSBC Small Cap Fund - Regular Plan - Growth16.59 Lac
16.41 Lac
(1.08%)
Kotak Small Cap Fund - Growth15.98 Lac
15.92 Lac
(0.37%)
Axis Small Cap Fund - Regular Plan - Growth10.25 Lac
10.25 Lac
no change
SBI Automotive Opportunities Fund - Regular Plan - Growth10.00 Lac
9.35 Lac
(6.47%)

About Happy Forgings Ltd. 👋

Happy Forgings Limited is an India-based company, which is a manufacturer of heavy forged and precision-machined components. The Company is engaged in the manufacturing of auto components and engineering parts. The Company's products include crankshafts, differential cases, front axle components, railway parts, suspension products, transmission parts, oil and gas, and windmill application products. Its windmill application products consist of three critical components: the planet carrier, pinion shaft, and housing. Its railway components offer a range of parts, which include camshafts, connecting rods, piston pins, and spacers. The Company primarily caters to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector. It also caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for the oil and gas, power generation, railways, and wind turbine industries.

Expert Opinions

Insights from SEBI-registered analysts · updated live

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TrueNorth Capital

TrueNorth Capital

16 Sep • 10:36 PM · SEBI-Registered Analyst

Happy Forgings Powers Ahead with Strong Order Book

HAPPYFORGE
reported a 23% year-on-year volume growth in the June quarter, driving a 27% revenue increase. Management expects high-teens volume growth for FY27, supported by robust domestic demand and improving export momentum. Order book strength: The company’s ₹950 crore order book, with nearly 60% linked to exports, is a major driver of optimism. These orders were secured at higher realizations and margins, positioning the firm for sustained revenue growth over the next 2–3 years. Margin expansion: Despite raw material cost pressures, EBITDA margin rose 280 basis points to 31.3% in Q1FY27, aided by price hikes and a favorable product mix. Analysts expect margins to remain stable at FY26 levels (30.4%) with potential expansion to 33% by FY29. Growth drivers: Future growth will be supported by capacity additions in passenger vehicles, industrial applications, heavy engines, and data centre power infrastructure. The company has already deployed ₹250 crore of its planned ₹650 crore capex, with further investments tied to new order wins. Stock performance: Shares hit a 52-week high of ₹2,470 on 1 September, delivering an 87% return in 2026. However, at a FY28 P/E multiple of 43, valuations leave little room for disappointment, making execution risks critical. Risks: Potential delays in order fulfillment, slower growth in domestic commercial vehicles, or inability to secure new heavy-forged component orders could weigh on performance.

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CA Sumit Mangla

CA Sumit Mangla

5 Aug • 9:08 PM · SEBI-Registered Analyst

Bharat Forge Sees Sharp Drop in Class 8 Truck Orders, Down 31% MoM

BHARATFORG
has noted a sharp decline in Class 8 truck orders, which fell 31% month-on-month. According to industry data, North American Class 8 truck orders dropped to around 22,000 units in July 2026 — the lowest level in recent months. This segment is a key contributor to Bharat Forge’s export revenues, as the company supplies critical forged components such as axle beams and crankshafts for heavy-duty trucks. The sequential slowdown may impact near-term export volumes from the US market. *Top stocks in the forging / auto components industry:*
RKFORGE
,
SONACOMS
, and
HAPPYFORGE
.

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Vimal K

Vimal K

19 Jul • 2:11 PM · SEBI-Registered Analyst

WATCH OUT FOR CORPORATE ACTIONS TOMORROW

Watch out for the Corporate actions tomorrow 20-07-2026 on the below mentioned stocks: - The stocks of Graphite India, Nesco, SPR Auto Tech, NDR Auto Components: Happy Forgings, K.P.R. Mill, Quest Capital Market, Aditya Infotech, Fairchem Organics, Nelcast, Pokarna, Acceleratebs India will trade Ex-Dividend tomorrow. The stock of Simplex Castings is Scheduled for an ex-date split with a ratio of 2:10. The face value of the shares will adjust down, multiplying the quantity of shares in eligible portfolios proportionately.

GRAPHITE
NESCO
KPRMILL
HAPPYFORGE

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StockYard ( SEBI RA )

StockYard ( SEBI RA )

8 Jul • 11:38 AM · SEBI-Registered Analyst

🔩 Happy Forgings Benefits from Auto, Defence & Export Growth

Happy Forgings continues to attract investor attention as demand for high-precision forged and machined components rises across the automotive, defence, industrial, and heavy engineering sectors. The company is benefiting from strong export demand, increasing orders from global OEMs, and capacity expansion, supporting long-term revenue visibility. Growing opportunities in defence manufacturing and industrial equipment are expected to further strengthen its growth outlook. Management remains optimistic, backed by India's manufacturing push, export diversification, and rising demand for precision-engineered components. 📌 StockYard Insight: With a strong order pipeline, expanding export presence, and exposure to defence and industrial sectors, Happy Forgings is emerging as a promising long-term engineering growth story. #HappyForgings #EngineeringStocks #Defence #Exports #StockYardResearch

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Finkhoz Roboadvisory Services

Finkhoz Roboadvisory Services

1 Jun • 2:10 PM · SEBI-Registered Analyst

HAPPYFORGE

Fundamental Analysis:

HAPPYFORGE
is a leading manufacturer of precision-forged and machined components catering to automotive and industrial sectors. In the latest quarter, the company's revenue grew by 20.40% while net profit increased by 24%. Although the stock trades at a premium P/E of 45x compared to the industry average of 25x, its strong 5-year profit CAGR of 28% supports the higher valuation. Technical Analysis: The stock remains in a strong uptrend, consistently forming higher highs and higher lows. It is trading above all key moving averages, indicating sustained bullish momentum. RSI is around 59, suggesting healthy strength without being overbought, while ADX near 34 reflects a strong trend. Overall View: With robust earnings growth, strong industry positioning, and a firmly bullish chart structure, the stock appears well-placed for continued upward momentum in the near term, supported by a 7.6 Finkhoz Rating.

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Chahat Aggrawal

Chahat Aggrawal

21 May • 5:17 PM · SEBI-Registered Analyst

Happy Forgings Q4 Profit Jumps, EBITDA Margin Expands

⚙️

HAPPYFORGE
reported Q4 net profit of ₹836 million, up from ₹678 million YoY, while revenue increased to ₹4.2 billion from ₹3.52 billion. The company also saw EBITDA margin improve to 31.46% from 29.05%, reflecting strong operational efficiency.

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