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    • Happy Forgings Share Price

    Mid Cap
    ₹1,213.8
    -0.25 (-0.02%)
    18 September, 2024 02:38 BSE: 544057 NSE: HAPPYFORGE ISIN: INE330T01021

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    Happy Forgings Performance

    Day Range

    • Low 1,190
    • High 1,230
    ₹ 1,213

    52 Week Range

    • Low 813
    • High 1,300
    ₹ 1,213
    • Open Price1,230
    • Previous Close1,214
    • Volume15489

    Happy Forgings Chart

    • Over 1 Month + 0.49%
    • Over 3 Month + 1.95%
    • Over 6 Month + 45.89%
    • Over 1 Year + 42.8%

    Happy Forgings Key Statistics

    P/E Ratio 47.1
    PEG Ratio
    Market Cap Cr
    Price to Book Ratio 7.1
    EPS 25.8
    Dividend 0.3
    Relative Strength Index 53.48
    Money Flow Index 51.09
    MACD Signal -5.31
    Average True Range 37.47

    Happy Forgings Investment Rating

    • Master Rating:

    • Happy Forgings Ltd has an operating revenue of Rs. 2,741.39 Cr. on a trailing 12-month basis. An annual revenue growth of 14% is good, Pre-tax margin of 24% is great, ROE of 15% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 6% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 28 which is a POOR score indicating inconsistency in earnings, a RS Rating of 45 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 133 indicates it belongs to a poor industry group of Steel-Producers and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

    EPS Strength

    Price Strength

    Buyer Demand

    Group Rank

    Happy Forgings Financials
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
    Oper Rev Qtr Cr 341343342343330
    Operating Expenses Qtr Cr 244246247249228
    Operating Profit Qtr Cr 98979594101
    Depreciation Qtr Cr 1816171615
    Interest Qtr Cr 11443
    Tax Qtr Cr 2222201921
    Net Profit Qtr Cr 6466585564
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 1,3721,202
    Operating Expenses Annual Cr 971856
    Operating Profit Annual in Cr 388341
    Depreciation Cr 6554
    Interest Annual Cr 1212
    Tax Annual Cr 8171
    Net Profit Annual Cr 243209
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 189209
    Cash from Investing Activity Annual Cr -469-172
    Cash from Financing Annual Activity Cr 281-37
    Net Cash Flow Annual Cr 10
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 1,612988
    Fixed Assets Annual Cr 870753
    Total Non Current Assets Annual Cr 1,144836
    Total Current Assets Annual Cr 742490
    Total Assets Annual Cr 1,8861,326
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 171110
    ROE Annual % 1521
    ROCE Annual % 2027
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3029
    IndicatorJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
    Oper Rev Qtr Cr 341343
    Operating Expenses Qtr Cr 244246
    Operating Profit Qtr Cr 9897
    Depreciation Qtr Cr 1816
    Interest Qtr Cr 11
    Tax Qtr Cr 2222
    Net Profit Qtr Cr 6466
    IndicatorMar 2024Mar 2023
    Total Revenue Annual Cr 1,3721,202
    Operating Expenses Annual Cr 971856
    Operating Profit Annual in Cr 388341
    Depreciation Cr 6554
    Interest Annual Cr 1212
    Tax Annual Cr 8171
    Net Profit Annual Cr 243209
    IndicatorMar 2024Mar 2023
    Cash from Operating Activity Annual Cr 189209
    Cash from Investing Activity Annual Cr -469-172
    Cash from Financing Annual Activity Cr 281-37
    Net Cash Flow Annual Cr 10
    IndicatorMar 2024Mar 2023
    Total ShareHolders Funds Annual Cr 1,612988
    Fixed Assets Annual Cr 870753
    Total Non Current Assets Annual Cr 1,144836
    Total Current Assets Annual Cr 742490
    Total Assets Annual Cr 1,8861,326
    IndicatorMar 2024Mar 2023
    Book Value Per Share Annual Rs 171110
    ROE Annual % 1521
    ROCE Annual % 2027
    Total Debt to Total Equity Annual --
    EBDIT Annual Margin % 3029
    Invest in Happy Forgings

    Happy Forgings Technicals

    EMA & SMA

    Current Price
    ₹1,213.8
    -0.25 (-0.02%)
    pointer
    • Bullish Moving Average
    • ___
    • 13
    • Bearish Moving Average
    • ___
    • 1
    • 20 Day
    • ₹1,202.79
    • 50 Day
    • ₹1,197.82
    • 100 Day
    • ₹1,156.40
    • 200 Day
    • ₹
    • 20 Day
    • ₹1,196.76
    • 50 Day
    • ₹1,218.03
    • 100 Day
    • ₹1,158.66
    • 200 Day
    • ₹

    Happy Forgings Resistance and Support

    PIVOT
    ₹1,211.29
    Resistance
    First Resistance 1,232.52
    Second Resistance 1,251.23
    Third Resistance 1,272.47
    RSI 53.48
    MFI 51.09
    MACD Single Line -5.31
    MACD -0.82
    Support
    First Support 1,192.57
    Second Support 1,171.33
    Third Supoort 1,152.62

    Happy Forgings Delivery and Volume

    Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
    Day 17,502 1,083,549 61.91
    Week 20,506 1,035,758 50.51
    1 Month 23,012 1,296,752 56.35
    6 Month 97,301 5,855,567 60.18

    Happy Forgings Result Highlights

    Happy Forgings Synopsis

    NSE-Steel-Producers

    Happy Forgings is involved in the business activities of Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Company’s Total Operating Revenue is Rs. 1358.24 Cr. and Equity Capital is Rs. 18.84 Cr. for the Year ended 31/03/2024. Happy Forgings Ltd. is a Public Limited Listed company incorporated on 02/07/1979 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L28910PB1979PLC004008 and registration number is 004008.
    Market Cap 11,437
    Sales 1,370
    Shares in Float 1.98
    No of funds 57
    Yield 0.33
    Book Value 7.09
    U/D Vol ratio 0.6
    LTDebt / Equity 6
    Alpha
    Beta 0.86

    Happy Forgings Shareholding Pattern

    Owner NameJun-24Mar-24Dec-23
    Promoters 78.6%78.6%78.6%
    Mutual Funds 7.59%7.42%5.14%
    Insurance Companies 0.58%0.7%0.66%
    Foreign Portfolio Investors 2.24%1.12%2.06%
    Financial Institutions/ Banks
    Individual Investors 2.21%2.98%3.95%
    Others 8.78%9.18%9.59%

    Happy Forgings Management

    Name Designation
    Mr. Paritosh Kumar Chairman & Managing Director
    Mr. Ashish Garg Managing Director
    Mr. Narinder Singh Juneja WholeTime Director & CEO
    Ms. Megha Garg Whole Time Director
    Mr. Satish Sekhri Independent Director
    Mr. Vikas Giya Independent Director
    Mr. Atul Behari Lall Independent Director
    Ms. Rajeswari Karthigeyan Independent Director
    Mr. Ravindra Pisharody Independent Director

    Happy Forgings Forecast

    Price Estimates

    2,000(9.8%)
    1,758(-3.5%)
    1,590(-12.7%)

    Other Analyst Rating

    Happy Forgings Corporate Action

    Date Purpose Remarks
    2024-08-07 Quarterly Results
    2024-05-24 Audited Results & Final Dividend
    2024-02-09 Quarterly Results
    Date Purpose Remarks
    2024-07-22 FINAL Rs.4.00 per share(200%)Final Dividend

    Happy Forgings MF Shareholding

    Name Amount(cr)
    SBI Small Cap Fund Regular Plan Growth 33,069
    Axis Small Cap Fund Regular Growth 23,772
    Aditya Birla Sun Life Flexi Cap Fund Growth 23,228
    SBI Flexicap Fund Regular Growth 22,987
    Kotak Small Cap Growth 17,639

    Happy Forgings FAQs

    What is Share Price of Happy Forgings ?

    Happy Forgings share price is ₹1,213 As on 18 September, 2024 | 02:24

    What is the Market Cap of Happy Forgings ?

    The Market Cap of Happy Forgings is ₹11434.6 Cr As on 18 September, 2024 | 02:24

    What is the P/E ratio of Happy Forgings ?

    The P/E ratio of Happy Forgings is 47.1 As on 18 September, 2024 | 02:24

    What is the PB ratio of Happy Forgings ?

    The PB ratio of Happy Forgings is 7.1 As on 18 September, 2024 | 02:24

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