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HAPPYFORGEHappy Forgings Limited

Capital Goods · Metal Fabrication · NSE · as of 2026-07-20 (delayed ~30 min in market hours)

1,608.00
1.05%
79Strong

Price & Volume

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Key Ratios

Market Cap (₹ cr)15,024.20
P/E49.47
P/B7.06
PEG2.15
ROE %15.17
ROCE %15.60
Debt / Equity0.15
EPS32.18
Revenue Growth %20.40
Profit Growth %23.00
Dividend Yield %0.19
Promoter Holding %78.47
FII Holding %15.55
DII Holding %
Beta0.81

“—” means the figure isn't meaningful or isn't published for this company: ROE and Debt/Equity are undefined when shareholder equity is negative (check P/B — negative means negative equity), and DII/MF holding splits aren't provided by our current data source.

Active Pattern Signals

None of the 16 pattern scanners currently detects a setup on HAPPYFORGE — signals appear here automatically when one forms (checked on every data refresh). The Trade Plan on the right always provides stop-loss and target levels regardless.

BUYConviction 85%

Why buy

  • Revenue growth: 20.4% YoY
  • Profit growth: 23.0% YoY
  • Debt/Equity: 0.15
  • RSI: 66
  • MACD: bullish
  • Price vs EMA21: above

Bull case

  • Revenue growth: 20.4% YoY
  • Profit growth: 23.0% YoY
  • Debt/Equity: 0.15
  • RSI: 66

Bear case

  • Dividend yield: 0.19%
  • Volume: 0.9x 20-day average
  • Volume trend: 0.6x baseline
  • Sector momentum: sector -1.3% (1m)

Key risks

  • Dividend yield: 0.19%
  • Volume: 0.9x 20-day average

Algorithmic analysis for research only — not SEBI-registered investment advice.

Trade Plan

Entry (CMP)
₹1,608.00
Stop Loss
₹1,481.16
risk 7.9%
Target 1 (1.5R)
₹1,798.26
+11.8%
Target 2 (3R)
₹1,988.53
+23.7%
Support (20d)
₹1,470.30
Resistance (52w)
₹1,632.70
Risk : Reward
1 : 1.5 → 1 : 3
risking ₹126.84/share
ATR (volatility)
₹50.74
avg daily range

Stop = 20-day support with a 2.5×ATR risk cap (ATR ₹50.74). Levels recompute on every data refresh. Position sizing and execution are yours — this is analysis, not advice.

Score Breakdown

Fundamental
72
Technical
80
Momentum
81
Risk (safety)
86

Peers — Capital Goods

ADOR 5.34%
81
DIACABS 10.00%
78
AARVI 6.33%
76
HNDFDS 2.61%
76
SHREEJISPG 3.28%
76
KSHINTL 3.37%
75

About

Happy Forgings Limited manufactures and sells forgings and related components 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; transmission parts, such as shafts and spindles, crown wheels and pinions, rings, and connecting rods. It also offers windmill application products, including planet carrier, pinion shaft, and housing; oil and gas component, 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.