Happy Forgings Ltd.
Fundamentals
- Market cap
- ₹14,245 cr
- P/E
- 47.23×
- ROE
- 14.46%
- Debt / equity
- 0.12
- Div yield
- 0.26%
- 52-week range
- 862.05 — 1590.40
Company snapshot
Happy Forgings Ltd.
Steel
₹11,742 cr
P/E 41.10×
Latest quarter · Mar 2026
Sales₹424 cr
Net profit₹84 cr
Op. margin+31.5%
EPS₹8.86
Strength & growth
Debt / equity0.12×
Current ratio2.81×
The timeline — 5 notes on Happy Forgings Ltd.
May 2026
- 22 May 26 · 11:43 AM IST Brief Brief · Earnings · Mid cap
Happy Forgings builds a ₹950 cr order book at prices 40% above today's average
A multi-year order pipeline at ₹340-350/kg gives Happy Forgings a visible earnings floor as it pivots from commercial vehicles to data-centre work.
- 21 May 26 · 4:40 PM IST Brief Brief · Earnings · Mid cap
Happy Forgings confirms FY26 results; key moves already disclosed
Audited numbers match prior board meeting; ₹4 final dividend and solar capacity expansion to 35 MW were flagged earlier.
- 21 May 26 · 4:37 PM IST Brief Brief · Earnings · Mid cap
Happy Forgings' annual results were already known; board adds minor solar capex
Routine board meeting: results pre-disclosed, auditors reappointed. Solar plant capacity raised to 35 MW with ₹50 cr additional outlay — immaterial for a ₹11,742 cr market cap.
- 21 May 26 · 4:29 PM IST Brief Brief · Earnings · Mid cap
Happy Forgings posts 30.7% PAT jump; ₹4 dividend as guided
Audited FY26 results confirm earlier board meeting disclosure. Revenue up 9.8%, PAT up 30.7% — no surprises.
- 21 May 26 · 4:19 PM IST Brief Brief · Earnings · Mid cap
Happy Forgings' FY26 profit jumps 31% as growth remains steady
Annual numbers were largely anticipated after quarterly cues. The bigger news is a ₹50 crore solar expansion that nudges green capex to ₹170 crore.