Happy Forgings Ltd (HAPY)

Currency in INR
2,291.50
+40.70(+1.81%)
Real-time Data·
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Fair Value
Day's Range
2,260.102,299.80
52 wk Range
862.052,340.00
Key Statistics
Bid/Ask
2,293.90 / 2,296.80
Prev. Close
2,250.8
Open
2,272
Day's Range
2,260.1-2,299.8
52 wk Range
862.05-2,340
Volume
18.91K
Average Volume (3m)
121.09K
1-Year Change
151.2525%
Fair Value
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Fair Value Upside
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HAPY Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
1,931.43
Downside
-15.71%
Members' Sentiments
Bearish
Bullish
ProTips
RSI suggests the stock is in overbought territory

Happy Forgings Ltd News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

6 Buy
0 Hold
1 Sell
Ratings:
7 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 1,931.43
(-15.71% Downside)

Happy Forgings Ltd Earnings Call Summary for Q1/2027

  • Happy Forgings reported record Q1 FY2027 results with revenue up 27% YoY to INR 449 crores and PAT surging 39.2% to INR 91 crores.
  • EBITDA margin expanded to 31.3%, marking fourth consecutive quarter above 30%; shares jumped 5.94% to near 52-week high of $1,818.5.
  • Management guided high-teen volume growth for FY2027 with margins expected to sustain above 30% supported by pricing actions and product mix.
  • Order book stands at INR 950 crores; 18,000-ton press to add capacity from Q4 FY2027, captive solar project commissioning set for January 2027.
  • Industrial revenue expected to double in 3-4 years; passenger vehicle segment targeted to reach 12-15% of total sales amid strategic diversification.
Last Updated: 2026-08-05, 01:46 a/m
Read Full Transcript

Earnings

Latest Release
Aug 04, 2026
EPS / Forecast
9.70 / 8.35
Revenue / Forecast
4.49B / 4.36B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS -
Dividend Yield
0.18%
Industry Median 0.81%
Annualized payout
4.00
Paid annually
5-Years Growth
-
Growth Streak

HAPY Income Statement

Compare HAPY to Peers and Sector

Metrics to compare
HAPY
Peers
Sector
Relationship
P/E Ratio
64.9x59.3x12.1x
PEG Ratio
3.051.380.03
Price/Book
10.0x7.1x1.4x
Price / LTM Sales
12.9x3.9x1.2x
Upside (Analyst Target)
−11.1%7.1%26.6%
Fair Value Upside
Unlock−6.1%6.9%Unlock

Happy Forgings Limited manufactures and sells forgings and machined components for the automotive and industrial sectors in India and internationally. The company offers crankshafts; differential cases; front axle beams and steering knuckles; railway parts, including camshafts, connecting rods, piston pins, spacers, and others; brake flanges and suspension brackets; and transmission parts, such as shafts and spindles, crown wheels and pinions, and rings. It also offers windmill application products, including planet carrier, pinion shaft, and housing; oil and gas components, such as valve body; and bicycle pedals. It serves the original equipment manufacturers, manufacturers of commercial and passenger vehicles, farm equipment, and off highway and industrial equipment, as well as machinery for oil and gas, aerospace, power generation, railways, and wind turbine industries. Happy Forgings Limited was incorporated in 1979 and is based in Ludhiana, India.

Employees
3512
Market
India

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
14.26M15.12%31.56B
Other Institutional Investors
49.06M52.00%108.54B
Public Companies & Retail Investors
31.03M32.89%68.65B
Total
94.35M100.00%208.75B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Garg Family Trust40.33%38,047,00084,178,988
Ayush Capital & Financial Services Private Limited11.39%10,745,10023,773,534

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FAQ

What Is the Happy Forgings (HAPY) Stock Price Today?

The Happy Forgings stock price today is 2,291.50 INR.

What Stock Exchange Does Happy Forgings Trade On?

Happy Forgings is listed and trades on the India National Stock Exchange.

What Is the Stock Symbol for Happy Forgings?

The stock symbol for Happy Forgings is "HAPY."

Does Happy Forgings Pay Dividends? What’s The Current Dividend Yield?

The Happy Forgings dividend yield is 0.18%.

What Is the Happy Forgings Market Cap?

As of today, Happy Forgings market cap is 212.36B INR.

When Is the Next Happy Forgings Earnings Date?

Happy Forgings will release its next earnings report on Nov 05, 2026.

From a Technical Analysis Perspective, Is HAPY a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Happy Forgings Stock Split?

Happy Forgings has split 0 times.

How Many Employees Does Happy Forgings Have?

Happy Forgings has 3512 employees.

What is the current trading status of Happy Forgings (HAPY)?

As of Aug 28, 2026, Happy Forgings (HAPY) is trading at a price of 2,291.50 INR, with a previous close of 2,250.80 INR. The stock has fluctuated within a day range of 2,260.10 INR to 2,299.80 INR, while its 52-week range spans from 862.05 INR to 2,340.00 INR.

What Is Happy Forgings (HAPY) Price Target According to Analysts?

The average 12-month price target for Happy Forgings is 1,931.43 INR, with a high estimate of 2200 INR and a low estimate of 1274 INR. 6 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an -15.71% Downside potential.
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