Happy Forgings (HAPPYFORGE)
Fast GrowerFairStock Score: 49/100 — MIXED
Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1
Key Financials
| Current Price | ₹2,089.6 |
| Market Cap | ₹19,721.38 Cr |
| P/E Ratio | 60.24 |
| ROCE | 19.17% |
| ROE | 16.71% |
| Dividend Yield | 0.2% |
| Profit Growth | 39.23% |
| Debt/Equity | 0.15 |
| Sales Growth | 26.16% |
| Free Cash Flow | ₹-28 Cr |
| Promoter Holding | 78.5% |
| 52-Week Range | ₹976 — ₹2,484.3 |
| Sector | Industrial Products |
| Book Value | ₹225.56 |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
Happy Forgings is a well-run, debt-light Indian forging business, but at ₹1,346 I must ask what I am really paying for. The company has compounded revenue at 19.22% over five years and most recently grew profit by 22.37%. The latest quarter sales of ₹391 Cr and net profit of ₹79 Cr point to a healthy margin. ROE of 16.71% and ROCE of 19.17% are respectable, while debt-to-equity of just 0.10 keeps the balance sheet conservative. Promoter holding of 78.50% aligns owners with minority shareholders, and the Piotroski F-Score of 7/9 supports a sound financial position. This looks like a quality compounder, not a cheap one.
The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer