Happy Forgings Ltd
Happy Forgings | 544057
Stock Performance
Ratios
About Company
- Happy Forgings Limited was incorporated as Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh
- Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh
- Happy Forgings is an engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India
- The Company manufacture a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers
- It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries into the non-automotive sector
- The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India
- In 1995, the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts
- In 2006, it commissioned operations at Kanganwal Facility II unit, in 2008, commissioned first 8,000 ton forging press; commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts
- In 2011, it ventured into commercial vehicles, farm equipment and industrial equipment industries; later on, the second 8,000 ton forging press was commissioned during 2017; again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019; installed third 8,000 ton forging press line in 2021; commenced Dugri Facility operations in 2021, commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter, installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14,000 ton forging press line in 2022
- The Company installed eight dedicated lines for manufacturing crankshafts in FY 2022
Technical Indicators
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All figures in ₹ Crores
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Frequently Asked Questions
What is Share Price of Happy Forgings Ltd?
The current share price of Happy Forgings Ltd (Happy Forgings) is ₹1032.90. This price reflects the latest market valuation and is updated in real-time during trading hours.
What is the P/E Ratio of Happy Forgings Ltd?
The Price-to-Earnings (P/E) ratio of Happy Forgings Ltd is 1032.90. This indicates how much investors are willing to pay per rupee of earnings, helping assess if the stock is overvalued or undervalued.
What is the 52-week high and low of Happy Forgings Ltd?
Happy Forgings Ltd has a 52-week high of ₹1134.80 and a 52-week low of ₹724.10. This range shows the stock's price volatility over the past year.
What is the Dividend Yield of Happy Forgings Ltd?
Happy Forgings Ltd offers a dividend yield of 0.29%. This represents the annual dividend payment as a percentage of the current stock price, indicating the income return for investors.
What is the EPS of Happy Forgings Ltd?
The Earnings Per Share (EPS) of Happy Forgings Ltd is ₹28.77. EPS indicates the company's profitability on a per-share basis and is a key metric for evaluating financial performance.
What is the ROE of Happy Forgings Ltd?
Happy Forgings Ltd has a Return on Equity (ROE) of 15.46%. ROE measures how effectively the company uses shareholders' equity to generate profits, with higher values generally indicating better performance.
Disclaimer:
Please note that the above list and information is for research purposes only and are not recommendations. Do your own due diligence or consult an investment advisor before investing. The above data is dynamic in nature and subject to real-time changes and is derived from CMOTS.
